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Snowflake (SNOW)

SaaS · IPO 2020 · FY ends Jan · Historical SBC from SEC EDGAR

Financials (2026)
Revenue
$4.7B
Revenue Growth YoY
29.2%
EBITDA
negative
Net Income
$-1.3B
Stock Price
—
Market Cap
—
Stock-Based Compensation (2026)
SBC Expense
$1.6B
SBC % of Revenue
34.1%
SBC % of EBITDA
neg EBITDA
SBC % of Market Cap
—
Buybacks
$874M
Unrecognized SBC
$3.1B
SBC % of Revenue — Historical
SBC vs Buybacks ($M) — Historical
SBC % Revenue vs SBC % Market Cap
Revenue-based SBC % is the P&L view. Market-cap-based % is the shareholder dilution view — how much of the company is given away each year.
Market Cap vs Cumulative SBC
Total SBC expense paid since earliest data year vs current market cap. Shows the cumulative cost of stock-based compensation relative to company size.
GAAP vs "Adjusted" Earnings
GAAP net income already includes SBC as a real expense. But many companies highlight "adjusted" earnings that add SBC back, flattering profitability. The orange gap shows how much non-GAAP metrics overstate real earnings each year.
Ownership Retained Over Time
100 = your original ownership at the earliest data year. Net share issuance drives this down.
Annual Gross Dilution vs Buyback Offset
Red = gross share issuance from SBC. Green = shares retired via buybacks. Both as % of prior-year shares.
Year-by-Year Detail
Year SBC ($) Revenue ($) EBITDA ($) SBC % Rev SBC % EBITDA Rev Growth Buybacks ($) Net Income ($) Shares (EOY) Price (EOY) Market Cap SBC % MCap Unrecognized SBC ($)
2026 $1.6B $4.7B $-1.2B 34.1% neg 29.2% $874M $-1.3B 345,700,000 — — — $3.1B
2025 $1.5B $3.6B $-1.3B 40.8% neg 29.2% $1.9B $-1.3B 334,100,000 — — — $3.5B
2024 $1.2B $2.8B $-975M 41.6% neg 35.9% $592M $-836M 334,200,000 — — — $3.0B
2023 $862M $2.1B $-779M 41.7% neg 69.4% $0 $-797M 325,000,000 — — — $2.4B
2022 $605M $1.2B $-694M 49.6% neg 106.0% $0 $-680M 314,600,000 — — — $1.4B
2021 $301M $592M $-534M 50.9% neg 123.6% $0 $-539M 288,700,000 — — — $1.1B
2020 $78M $265M $-355M 29.6% neg 173.9% $0 $-349M — — — — —
2019 IPO $22M $97M $-184M 23.2% neg — $30M $-178M — — — — —