Snowflake delivered strong Q3 FY2025 results with total revenue reaching $942.1M, up 28% YoY, while product revenue grew 29% to $900.3M. The company maintained a robust net revenue retention rate of 127% and expanded its enterprise customer base to 542 customers with trailing 12-month product revenue exceeding $1M.Operating metrics showed continued momentum with remaining performance obligations of $5.7B, representing 55% YoY growth. The company reported non-GAAP operating income of $58.9M with a 6% margin, though GAAP operating loss was $365.5M. Notable customer growth included reaching 754 Forbes Global 2000 customers.In September 2024, Snowflake completed a private offering of $2.3B in convertible senior notes, comprising equal amounts of 2027 and 2029 notes. The company used part of the proceeds to fund $195.5M in capped call transactions and repurchase $399.6M of common stock.

Snowflake delivered strong Q3 FY2025 results with total revenue reaching $942.1M, up 28% YoY, while product revenue grew 29% to $900.3M. The company maintained a robust net revenue retention rate of 127% and expanded its enterprise customer base to 542 customers with trailing 12-month product revenue exceeding $1M.Operating metrics showed continued momentum with remaining performance obligations of $5.7B, representing 55% YoY growth. The company reported non-GAAP operating income of $58.9M with a 6% margin, though GAAP operating loss was $365.5M. Notable customer growth included reaching 754 Forbes Global 2000 customers.In September 2024, Snowflake completed a private offering of $2.3B in convertible senior notes, comprising equal amounts of 2027 and 2029 notes. The company used part of the proceeds to fund $195.5M in capped call transactions and repurchase $399.6M of common stock.