v3.26.1
Basis of Presentation and Summary of Significant Accounting Policies (Tables)
 6 Months Ended
Jul. 31, 2026
Accounting Policies [Abstract]  
Segment Reporting
The following table presents selected financial information with respect to the Company’s single operating segment (in thousands):

Three Months Ended July 31,Six Months Ended July 31,
2026202520262025
Revenue
$1,546,793 $1,144,969 $2,937,744 $2,187,043 
Cost of revenue and operating expenses:
Cost of product revenue(1)(2)
434,418 302,316 821,292 587,592 
Cost of professional services and other revenue(2)
75,657 69,499 153,283 133,009 
Sales and marketing(2)
611,615 501,957 1,200,567 960,511 
Research and development(2)
567,476 492,003 1,102,413 964,407 
General and administrative(2)
120,594 119,470 249,310 329,057 
Interest income(41,996)(49,467)(83,141)(102,630)
Interest expense2,081 2,074 4,161 4,145 
Other (income) expense, net(34,762)4,985 (25,191)33,043 
Provision for income taxes3,430 62 2,341 5,791 
Net loss$(191,720)$(297,930)$(487,291)$(727,882)
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(1)Third-party cloud infrastructure expenses, including those related to AI inference and graphics processing units, incurred in connection with customers’ use of the Snowflake platform and the deployment and maintenance of the platform on public clouds, including different regional deployments, represented approximately 75% and 70% of cost of product revenue for the three months ended July 31, 2026 and 2025, respectively, and 74% and 69% of cost of product revenue for the six months ended July 31, 2026 and 2025, respectively.
(2)Personnel-related expenses, excluding stock-based compensation and associated payroll taxes, represented approximately 37% and 38% of the Company’s total cost of revenue and operating expenses for the three months ended July 31, 2026 and 2025, respectively, and 37% and 36% of the Company’s total cost of revenue and operating expenses for the six months ended July 31, 2026 and 2025, respectively. These expenses consist primarily of salaries, benefits, bonuses, and sales commissions and draws paid to the Company’s sales force, including amortization of deferred commissions, and associated payroll taxes. They also include salaries, benefits, and bonuses allocated as part of overhead costs. See Note 12, “Equity,” for details regarding the Company’s stock-based compensation.
Summary of Long-lived Assets by Geographic Areas
The following table presents the Company’s long-lived assets, comprising property and equipment, net and operating lease right-of-use assets, by geographic area (in thousands):
July 31, 2026January 31, 2026
United States$369,941 $392,566 
Other(1)
123,059 130,942 
Total$493,000 $523,508 
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(1)No individual country outside of the United States accounted for more than 10% of the Company’s long-lived assets as of each of July 31, 2026 and January 31, 2026.