Filing Flows › Snowflake (SNOW) › Q1 FY27 › vs Q1 FY26
Snowflake (SNOW) Q1 FY27 vs Q1 FY26 (year over year)
Snowflake's revenue rose $349M (+33%) from $1.0B in Q1 FY26 to $1.4B in Q1 FY27. The biggest changes: Product revenue +$338M (+34%); Professional services and other revenue +$11.4M (+25%).
Snowflake, Q1 FY27: revenue $1.4B (+34% year over year), operating margin -23.4%, net loss $296M, operating cash flow $243M. The chart draws each line against Q1 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q1 FY26 | Change | |
|---|---|---|---|
| Free cash flow margin | 16.7% | 17.6% | -0.9 pts |
Every line
| Line | Q1 FY27 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Product revenue | $1.3B | $997M | $338M | +34% |
| Professional services and other revenue | $56.6M | $45.3M | $11.4M | +25% |
| Revenue | $1.4B | $1.0B | $349M | +33% |
| Other income, net | $29.5M | $23.0M | $6.5M | +28% |
| Income tax benefit | $1.1M | −$5.7M | $6.8M | — |
| Net loss | $296M | $430M | −$134M | -31% |
| Costs & expenses | $1.7B | $1.5B | $222M | +15% |
| Operating costs | $1.7B | $1.5B | $228M | +15% |
| Cost of revenue | $464M | $349M | $116M | +33% |
| Research & development | $535M | $472M | $62.5M | +13% |
| Sales & marketing | $589M | $459M | $130M | +28% |
| General & admin | $129M | $210M | −$80.9M | -39% |
| Operating cash sources | $539M | $658M | −$120M | -18% |
| Depreciation & amortization | $67.6M | $48.8M | $18.8M | +39% |
| Share-based compensation | $402M | $379M | $23.0M | +6% |
| Working capital & other | $68.7M | $230M | −$161M | -70% |
| Net loss absorbed | $296M | $430M | −$134M | -31% |
| Operating cash flow | $243M | $228M | $14.8M | +7% |
| Free cash flow (OCF − capex) | $233M | $183M | $49.4M | +27% |
| Capital expenditures | $10.5M | $45.0M | −$34.5M | -77% |
Questions
How much did Snowflake's revenue grow year over year in Q1 FY27?
Snowflake's revenue rose $349M (+33%) from $1.0B in Q1 FY26 to $1.4B in Q1 FY27.
What drove Snowflake's revenue change in Q1 FY27?
Product revenue +$338M (+34%); Professional services and other revenue +$11.4M (+25%).