Snowflake Inc.

Filing receipts

“Other expense, net decreased $18.5 million for the three months ended April 30, 2026, compared to the three months ended April 30, 2025, primarily due to a decrease in impairments and changes in net unrealized gains (losses) on our strategic investments, partially offset by changes in net realized gains (losses) on strategic investments in equity securities and the fair value of non-marketable debt security under the fair value option.”

“Financing Activities Net cash used in financing activities for the three months ended April 30, 2026 was $371.5 million, primarily driven by $300.0 million in repurchases of our common stock under our authorized stock repurchase program and $142.8 million in taxes paid related to net share settlement of equity awards, partially offset by proceeds of $73.6 million from the issuance of equity securities under our equity incentive plans.”

“Our product gross margin remained flat at 71% for each of the three months ended April 30, 2026 and 2025, respectively, primarily due to the decrease in personnel-related costs as a percentage of product revenue and higher volume-based discounts for our purchases of third-party cloud infrastructure, offset by costs attributable to newly launched product capabilities and features that have not yet reached economies of scale.”