SNOWFLAKE INC., 10-Q filed on 5/29/2026
Quarterly Report
v3.26.1
Cover - shares
shares in Millions
 3 Months Ended
Apr. 30, 2026
May 15, 2026
Cover [Abstract]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Apr. 30, 2026  
Document Transition Report false  
Entity File Number 001-39504  
Entity Registrant Name SNOWFLAKE INC.  
Entity Incorporation, State or Country Code DE  
Entity Tax Identification Number 46-0636374  
Entity Address, Address Line One 135 Constitution Drive  
Entity Address, City or Town Menlo Park  
Entity Address, State or Province CA  
Entity Address, Postal Zip Code 94025  
City Area Code 844  
Local Phone Number 766-9355  
Title of 12(b) Security Common Stock, $0.0001 par value  
Trading Symbol SNOW  
Security Exchange Name NYSE  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   346.6
Entity Central Index Key 0001640147  
Current Fiscal Year End Date --01-31  
Document Fiscal Year Focus 2027  
Document Fiscal Period Focus Q1  
Amendment Flag false  
v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Apr. 30, 2026
Jan. 31, 2026
Current assets:    
Cash and cash equivalents $ 2,084,715 $ 2,828,163
Short-term investments 870,283 1,201,523
Accounts receivable, net 579,719 1,303,740
Deferred commissions, current 212,886 214,058
Prepaid expenses and other current assets 229,504 195,128
Total current assets 3,977,107 5,742,612
Long-term investments 1,432,494 755,013
Property and equipment, net 227,207 248,611
Operating lease right-of-use assets 294,863 274,897
Goodwill 1,537,185 1,194,367
Intangible assets, net 451,357 246,916
Deferred commissions, non-current 222,000 241,759
Other assets 412,043 428,320
Total assets 8,554,256 9,132,495
Current liabilities:    
Accounts payable 55,062 145,559
Accrued expenses and other current liabilities 814,634 879,537
Operating lease liabilities, current 55,783 49,598
Deferred revenue, current 2,851,812 3,346,997
Total current liabilities 3,777,291 4,421,691
Convertible senior notes, net 2,281,903 2,279,827
Operating lease liabilities, non-current 434,409 411,689
Deferred revenue, non-current 25,663 14,440
Other liabilities 95,268 80,746
Total liabilities 6,614,534 7,208,393
Commitments and contingencies (Note 11)
Stockholders’ equity:    
Preferred stock; $0.0001 par value per share; 200,000 shares authorized, zero shares issued and outstanding as of each of April 30, 2026 and January 31, 2026 0 0
Common stock 34 34
Treasury stock, at cost; 390 and 399 shares held as of April 30, 2026 and January 31, 2026, respectively (53,261) (54,488)
Additional paid-in capital 12,086,411 11,469,468
Accumulated other comprehensive income (loss) (3,639) 3,337
Accumulated deficit (10,089,823) (9,494,249)
Total stockholders’ equity 1,939,722 1,924,102
Total liabilities and stockholders’ equity $ 8,554,256 $ 9,132,495
v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (PARENTHETICAL) - $ / shares
Apr. 30, 2026
Jan. 31, 2026
Statement of Financial Position [Abstract]    
Preferred stock, par value (in dollars per share) $ 0.0001 $ 0.0001
Preferred stock, shares authorized (in shares) 200,000,000 200,000,000
Preferred stock, shares issued (in shares) 0 0
Preferred stock, shares outstanding (in shares) 0 0
Common stock, par value (in dollars per share) $ 0.0001 $ 0.0001
Common stock, shares authorized (in shares) 2,500,000,000 2,500,000,000
Common stock, shares issued (in shares) 346,991,000 344,317,000
Common stock, shares outstanding (in shares) 346,601,000 343,918,000
Treasury stock (in shares) 390,000 399,000
v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Apr. 30, 2026
Apr. 30, 2025
Income Statement [Abstract]    
Revenue $ 1,390,951 $ 1,042,074
Cost of revenue 464,500 348,786
Gross profit 926,451 693,288
Operating expenses:    
Sales and marketing 588,952 458,554
Research and development 534,937 472,404
General and administrative 128,716 209,587
Total operating expenses 1,252,605 1,140,545
Operating loss (326,154) (447,257)
Interest income 41,145 53,163
Interest expense (2,080) (2,071)
Other expense, net (9,571) (28,058)
Loss before income taxes (296,660) (424,223)
Provision for (benefit from) income taxes (1,089) 5,729
Net loss (295,571) (429,952)
Less: net income attributable to noncontrolling interest 0 140
Net loss attributable to Snowflake Inc. $ (295,571) $ (430,092)
Net loss per share attributable to Snowflake Inc. common stockholders - basic (in dollars per share) $ (0.86) $ (1.29)
Net loss per share attributable to Snowflake Inc. common stockholders - diluted (in dollars per share) $ (0.86) $ (1.29)
Weighted-average shares used in computing net loss per share attributable to Snowflake Inc. common stockholders - basic (in shares) 345,391 332,657
Weighted-average shares used in computing net loss per share attributable to Snowflake Inc. common stockholders - diluted (in shares) 345,391 332,657
v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($)
$ in Thousands
 3 Months Ended
Apr. 30, 2026
Apr. 30, 2025
Statement of Comprehensive Income [Abstract]    
Net income (loss) $ (295,571) $ (429,952)
Cash flow hedges:    
Net change in unrealized gains or losses 185 8,787
Net realized gains reclassified into net loss (180) (608)
Net change in unrealized gains or losses on available-for-sale debt securities (7,053) 2,229
Other 72 (1)
Total other comprehensive income (loss) (6,976) 10,407
Comprehensive loss (302,547) (419,545)
Less: comprehensive income attributable to noncontrolling interest 0 140
Comprehensive loss attributable to Snowflake Inc. $ (302,547) $ (419,685)
v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($)
shares in Thousands, $ in Thousands
Total
Parent
Common Stock
Treasury Stock
Additional Paid-in Capital
Accumulated Other Comprehensive Income (Loss)
Accumulated Deficit
Noncontrolling Interest
Beginning balance (in shares) at Jan. 31, 2025     334,301          
Beginning balance at Jan. 31, 2025 $ 3,006,643 $ 2,999,929 $ 34 $ (59,505) $ 10,355,211 $ (2,236) $ (7,293,575) $ 6,714
Beginning balance, treasury stock (in shares) at Jan. 31, 2025       (436)        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Issuance of common stock upon exercise of stock options (in shares)     847          
Issuance of common stock upon exercise of stock options 6,218 6,218     6,218      
Issuance of common stock under employee stock purchase plan (in shares)     554          
Issuance of common stock under employee stock purchase plan 53,193 53,193     53,193      
Vesting of restricted stock units (in shares)     2,415          
Shares withheld related to net share settlement of equity awards (in shares)     (839)          
Issuance of common stock in connection with a business combination subject to future vesting (131,334) (131,334)     (131,334)      
Repurchases and retirement of common stock, including transaction costs and excise tax, if any (in shares)     (3,214)          
Repurchases and retirement of common stock, including transaction costs and excise tax, if any (490,840) (490,840)         (490,840)  
Reissuance of treasury stock upon settlement of equity awards (in shares)       10        
Reissuance of treasury stock upon settlement of equity awards 0 0   $ 1,352 (1,352)      
Stock-based compensation 390,519 390,519     390,519      
Other comprehensive income (loss) 10,407 10,407       10,407    
Net income (loss) (429,952) (430,092)         (430,092) 140
Ending balance (in shares) at Apr. 30, 2025     334,064          
Ending balance at Apr. 30, 2025 $ 2,414,854 $ 2,408,000 $ 34 $ (58,153) 10,672,455 8,171 (8,214,507) $ 6,854
Ending balance, treasury stock (in shares) at Apr. 30, 2025       (426)        
Beginning balance (in shares) at Jan. 31, 2026 343,918   344,317          
Beginning balance at Jan. 31, 2026 $ 1,924,102   $ 34 $ (54,488) 11,469,468 3,337 (9,494,249)  
Beginning balance, treasury stock (in shares) at Jan. 31, 2026 (399)     (399)        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Issuance of common stock upon exercise of stock options (in shares) 832   832          
Issuance of common stock upon exercise of stock options $ 6,514       6,514      
Issuance of common stock under employee stock purchase plan (in shares)     445          
Issuance of common stock under employee stock purchase plan 66,987       66,987      
Issuance of common stock in connection with a business combination (in shares)     1,496          
Issuance of common stock in connection with a business combination 285,348       285,348      
Issuance of common stock in connection with a business combination subject to future vesting (in shares)     43          
Vesting of restricted stock units (in shares)     2,339          
Shares withheld related to net share settlement of equity awards (in shares)     (805)          
Issuance of common stock in connection with a business combination subject to future vesting (143,360)       (143,360)      
Repurchases and retirement of common stock, including transaction costs and excise tax, if any (in shares)     (1,676)          
Repurchases and retirement of common stock, including transaction costs and excise tax, if any (300,003)           (300,003)  
Reissuance of treasury stock upon settlement of equity awards (in shares)       9        
Reissuance of treasury stock upon settlement of equity awards 0     $ 1,227 (1,227)      
Stock-based compensation 402,681       402,681      
Other comprehensive income (loss) (6,976)         (6,976)    
Net income (loss) $ (295,571)           (295,571)  
Ending balance (in shares) at Apr. 30, 2026 346,601   346,991          
Ending balance at Apr. 30, 2026 $ 1,939,722   $ 34 $ (53,261) $ 12,086,411 $ (3,639) $ (10,089,823)  
Ending balance, treasury stock (in shares) at Apr. 30, 2026 (390)     (390)        
v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Apr. 30, 2026
Apr. 30, 2025
Cash flows from operating activities:    
Net income (loss) $ (295,571) $ (429,952)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 67,605 48,804
Non-cash operating lease costs 17,882 17,842
Amortization of deferred commissions 57,730 25,796
Stock-based compensation, net of any amounts capitalized 402,470 379,460
Net accretion of discounts on investments (2,205) (7,652)
Net realized and unrealized losses on strategic investments 9,498 29,685
Amortization of debt issuance costs 2,080 2,071
Asset impairment related to office facility exits 17,724 106,488
Deferred income tax (6,562) 0
Other 2,821 (5,174)
Changes in operating assets and liabilities, net of effects of a business combination:    
Accounts receivable 747,217 393,657
Deferred commissions (36,799) (31,114)
Prepaid expenses and other assets (22,455) (17,852)
Accounts payable (89,673) (4,423)
Accrued expenses and other liabilities (80,791) 3,935
Operating lease liabilities (19,207) (11,838)
Deferred revenue (528,541) (271,360)
Net cash provided by operating activities 243,223 228,373
Cash flows from investing activities:    
Purchases of property and equipment (10,451) (44,989)
Cash paid for a business combination, net of cash, cash equivalents and restricted cash acquired (252,457) 0
Purchases of investments (896,447) (1,012,575)
Sales of investments 109,694 17,399
Maturities and redemptions of investments 445,170 984,182
Net cash used in investing activities (604,491) (55,983)
Cash flows from financing activities:    
Proceeds from exercise of stock options 6,579 6,260
Proceeds from issuance of common stock under employee stock purchase plan 66,987 53,193
Taxes paid related to net share settlement of equity awards (142,846) (132,498)
Repurchases of common stock (300,003) (490,638)
Payments of deferred purchase consideration for business combinations (2,250) (374)
Net cash used in financing activities (371,533) (564,057)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (2,824) 12,397
Net decrease in cash, cash equivalents, and restricted cash (735,625) (379,270)
Cash, cash equivalents, and restricted cash—beginning of period 2,864,303 2,698,678
Cash, cash equivalents, and restricted cash—end of period 2,128,678 2,319,408
Supplemental disclosures of non-cash investing and financing activities:    
Property and equipment included in accounts payable and accrued expenses 14,914 32,184
Non-cash consideration for a business combination 310,068 0
Reconciliation of cash, cash equivalents, and restricted cash:    
Cash and cash equivalents 2,084,715 2,243,083
Restricted cash—included in other assets and prepaid expenses and other current assets 43,963 76,325
Total cash, cash equivalents, and restricted cash $ 2,128,678 $ 2,319,408
v3.26.1
Organization and Description of Business
 3 Months Ended
Apr. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Organization and Description of Business Organization and Description of Business
Snowflake Inc. (Snowflake or the Company) provides a cloud-based data platform, which enables customers to consolidate data into a single source of truth to drive meaningful insights, apply artificial intelligence (AI) to solve business problems, build data applications, and share data and data products. The Company provides its platform through a customer-centric, consumption-based business model. Through its platform, the Company delivers the AI Data Cloud, a network where Snowflake customers, partners, developers, data providers, and data consumers can break down data silos and derive value from a growing number of data sets in secure, governed, and compliant ways. Snowflake was incorporated in the state of Delaware on July 23, 2012.
v3.26.1
Basis of Presentation and Summary of Significant Accounting Policies
 3 Months Ended
Apr. 30, 2026
Accounting Policies [Abstract]  
Basis of Presentation and Summary of Significant Accounting Policies Basis of Presentation and Summary of Significant Accounting Policies
Fiscal Year

The Company’s fiscal year ends on January 31. For example, references to fiscal 2027 refer to the fiscal year ending January 31, 2027.

Basis of Presentation

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) and applicable rules and regulations of the U.S. Securities and Exchange Commission (SEC) regarding interim financial reporting. Accordingly, they do not include all disclosures normally required in annual consolidated financial statements prepared in accordance with GAAP. Therefore, these unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes included in the Company’s Annual Report on Form 10-K for the fiscal year ended January 31, 2026, which was filed with the SEC on March 20, 2026.

In management’s opinion, these unaudited condensed consolidated financial statements have been prepared on the same basis as the annual financial statements and reflect all adjustments, which include only normal recurring adjustments necessary for the fair statement of the Company’s financial position as of April 30, 2026 and the results of operations for the three months ended April 30, 2026 and 2025, and cash flows for the three months ended April 30, 2026 and 2025. The condensed balance sheet as of January 31, 2026 was derived from the audited consolidated financial statements but does not include all disclosures required by GAAP. The results of operations for the three months ended April 30, 2026 are not necessarily indicative of the results to be expected for the full year or any other future interim or annual period.

Principles of Consolidation

The condensed consolidated financial statements include the accounts of Snowflake, its wholly-owned subsidiaries, and, prior to October 31, 2025, a majority-owned subsidiary in which the Company had a controlling financial interest. All intercompany transactions and balances have been eliminated in consolidation. The Company recorded noncontrolling interest in its condensed consolidated financial statements for the three months ended April 30, 2025 to recognize the minority ownership interest in its majority-owned subsidiary. Profits and losses of the majority-owned subsidiary were attributed to controlling and noncontrolling interests using the hypothetical liquidation at book value method.

Segment Information

The Company has a single operating and reportable segment. The Company’s chief operating decision maker is its Chief Executive Officer, who reviews financial information presented on a consolidated basis, including, but not limited to, the Company’s consolidated net loss, for purposes of making operating decisions, assessing financial performance, and allocating resources.
The following table presents selected financial information with respect to the Company’s single operating segment (in thousands):

Three Months Ended April 30,
20262025
Revenue
$1,390,951 $1,042,074 
Cost of revenue and operating expenses:
Cost of product revenue(1)(2)
386,874 285,276 
Cost of professional services and other revenue(2)
77,626 63,510 
Sales and marketing(2)
588,952 458,554 
Research and development(2)
534,937 472,404 
General and administrative(2)
128,716 209,587 
Interest income(41,145)(53,163)
Interest expense2,080 2,071 
Other expense, net9,571 28,058 
Provision for (benefit from) income taxes(1,089)5,729 
Net loss$(295,571)$(429,952)
________________
(1)Third-party cloud infrastructure expenses 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 73% and 68% of cost of product revenue for the three months ended April 30, 2026 and 2025, respectively.
(2)Personnel-related expenses, excluding stock-based compensation and associated payroll taxes, represented approximately 37% and 34% of the Company’s total cost of revenue and operating expenses for the three months ended April 30, 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.

The measure of segment assets is the total assets on the Company’s condensed consolidated balance sheets. See the Company’s condensed consolidated financial statements for other financial information regarding its operating segment.

For information regarding the Company’s revenue by geographic area, see Note 3, “Revenue, Accounts Receivable, Deferred Revenue, and Remaining Performance Obligations.”

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):
April 30, 2026January 31, 2026
United States$393,194 $392,566 
Other(1)
128,876 130,942 
Total$522,070 $523,508 
________________
(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 April 30, 2026 and January 31, 2026.

Use of Estimates

The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. Such estimates include, but are not limited to, stand-alone selling prices (SSP) for each distinct performance obligation, software development costs, the expected period of benefit for deferred commissions, the fair value of intangible assets acquired in business combinations, the useful lives and impairment of long-lived assets, the carrying value of operating lease right-of-use assets, stock-based compensation, accounting for income taxes, and the fair value of investments in marketable and non-marketable securities.
The Company bases its estimates on historical experience and also on assumptions that management considers reasonable. These estimates are assessed on a regular basis; however, actual results could differ from these estimates.

Summary of Significant Accounting Policies

The Company’s significant accounting policies are discussed in “Note 2 – Basis of Presentation and Summary of Significant Accounting Policies” of the Company’s Annual Report on Form 10-K for the fiscal year ended January 31, 2026, which was filed with the SEC on March 20, 2026. There have been no significant changes to the Company’s accounting policies during the three months ended April 30, 2026.

Recently Adopted Accounting Pronouncement

In July 2025, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2025-05, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets, which provides a practical expedient related to the estimation of expected credit losses for current accounts receivable and current contract assets arising from transactions accounted for under Topic 606, including those assets acquired in a business combination. The practical expedient permits an entity to assume that current conditions as of the balance sheet date do not change for the remaining life of the current accounts receivable and current contract assets. The Company adopted this guidance effective February 1, 2026 on a prospective basis, and the adoption did not have a material impact on its condensed consolidated financial statements.

In September 2025, the FASB issued ASU 2025-06, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software, which simplifies the capitalization guidance related to internal-use software by removing all references to software development projects stages so that the guidance is neutral to different software development methods. The Company early adopted this guidance effective February 1, 2026 on a prospective basis, and the adoption did not have a material impact on its condensed consolidated financial statements.

Recently Issued Accounting Pronouncements Not Yet Adopted

In November 2024, the FASB issued ASU 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, which requires disclosure, on an annual and interim basis, of specified information about certain costs and expenses in the notes to financial statements. This guidance is effective for the Company for its fiscal year beginning February 1, 2027 and interim periods within its fiscal year beginning February 1, 2028 on either a prospective or retrospective basis. Early adoption is permitted. The Company is currently evaluating the impact of the adoption of this guidance on its disclosures.

In December 2025, the FASB issued ASU 2025-10, Government Grants (Topic 832): Accounting for Government Grants Received by Business Entities, which provides guidance on the recognition, measurement, and presentation of government grants. This guidance is effective for the Company for its fiscal year and all interim periods beginning February 1, 2029 on either a modified prospective, modified retrospective or full retrospective basis. Early adoption is permitted. The Company is currently evaluating the impact of the adoption of this guidance on its condensed consolidated financial statements.

In December 2025, the FASB issued ASU 2025-11, Interim Reporting (Topic 270): Narrow-Scope Improvements, which clarifies interim reporting requirements and the applicability of Topic 270. This guidance is effective for the Company for all interim periods beginning February 1, 2028 on either a prospective or retrospective basis. Early adoption is permitted. The Company is currently evaluating the impact of the adoption of this guidance on its condensed consolidated financial statements.
v3.26.1
Revenue, Accounts Receivable, Deferred Revenue, and Remaining Performance Obligations
 3 Months Ended
Apr. 30, 2026
Revenue from Contract with Customer [Abstract]  
Revenue, Accounts Receivable, Deferred Revenue, and Remaining Performance Obligations Revenue, Accounts Receivable, Deferred Revenue, and Remaining Performance Obligations
Disaggregation of Revenue

Revenue consists of the following (in thousands):

Three Months Ended April 30,
20262025
Product revenue$1,334,329 $996,813 
Professional services and other revenue56,622 45,261 
Total$1,390,951 $1,042,074 

Revenue by geographic area, based on the location of the Company’s customers (or end-customers under reseller arrangements), was as follows (in thousands):

Three Months Ended April 30,
20262025
Americas:
United States$1,043,519 $784,507 
Other Americas(1)
36,009 29,661 
EMEA(1)(2)
230,617 168,809 
Asia-Pacific and Japan(1)
80,806 59,097 
Total$1,390,951 $1,042,074 
________________
(1)No individual country in these areas represented more than 10% of the Company’s revenue for all periods presented.
(2)Includes Europe, the Middle East and Africa.

Accounts Receivable, Net

The Company’s allowance for credit losses was not material as of each of April 30, 2026 and January 31, 2026.

Significant Customers

For purposes of assessing the concentration of credit risk and significant customers, a group of customers under common control or customers that are affiliates of each other are regarded as a single customer. As of each of April 30, 2026 and January 31, 2026, there were no customers that represented 10% or more of the Company’s accounts receivable, net balance. Additionally, there were no customers that represented 10% or more of the Company’s revenue for each of the three months ended April 30, 2026 and 2025.

Deferred Revenue

The Company recognized $988.7 million and $820.9 million of revenue for the three months ended April 30, 2026 and 2025, respectively, from the deferred revenue balances as of January 31, 2026 and 2025, respectively.

Remaining Performance Obligations

Remaining performance obligations (RPO) represent the amount of contracted future revenue that has not yet been recognized, including (i) deferred revenue and (ii) non-cancelable contracted amounts that will be invoiced and recognized as revenue in future periods. The Company’s RPO excludes performance obligations from on-demand arrangements as there are no minimum purchase commitments associated with these arrangements, and certain time and materials contracts that are billed in arrears. Portions of RPO that are not yet invoiced and are denominated in foreign currencies are revalued into U.S. dollars each period based on the applicable period-end exchange rates.
As of April 30, 2026, the Company’s RPO was approximately $9.2 billion, of which the Company expects approximately 50% to be recognized as revenue in the 12 months ending April 30, 2027 based on historical customer consumption patterns. However, the amount and timing of revenue recognition are generally dependent upon customers’ future consumption, which is inherently variable at customers’ discretion and can extend beyond the original contract term in cases where customers are permitted to roll over unused capacity to future periods, generally on the purchase of additional capacity at renewal.
v3.26.1
Cash Equivalents, Investments, and Strategic Investments
 3 Months Ended
Apr. 30, 2026
Investments, Debt and Equity Securities [Abstract]  
Cash Equivalents, Investments, and Strategic Investments Cash Equivalents, Investments, and Strategic Investments
Cash Equivalents and Investments

The following is a summary of the Company’s cash equivalents, short-term investments, and long-term investments on the condensed consolidated balance sheets (in thousands):

April 30, 2026
Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Estimated
Fair Value
Cash equivalents:
Money market funds$1,401,999 $— $— $1,401,999 
Time deposits107,558 — — 107,558 
U.S. government securities44,360 1 — 44,361 
Commercial paper2,770 — — 2,770 
Total cash equivalents1,556,687 1 — 1,556,688 
Investments:
Corporate notes and bonds1,851,397 1,303 (3,188)1,849,512 
U.S. government and agency securities401,565 449 (123)401,891 
Certificates of deposit25,298 9 — 25,307 
Asset-backed securities21,496 — (36)21,460 
Commercial paper4,611 — (4)4,607 
Total investments2,304,367 1,761 (3,351)2,302,777 
Total cash equivalents and investments$3,861,054 $1,762 $(3,351)$3,859,465 

January 31, 2026
Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Estimated
Fair Value
Cash equivalents:
Money market funds$1,752,777 $— $— $1,752,777 
Time deposits108,727 — — 108,727 
U.S. government securities94,523 9 — 94,532 
Commercial paper40,384 2 (7)40,379 
Certificates of deposit
2,808 — — 2,808 
Corporate notes and bonds75 — — 75 
Total cash equivalents1,999,294 11 (7)1,999,298 
Investments:
Corporate notes and bonds1,382,374 4,473 (11)1,386,836 
U.S. government and agency securities484,453 961 (14)485,400 
Certificates of deposit65,643 46 — 65,689 
Commercial paper18,605 6 — 18,611 
Total investments1,951,075 5,486 (25)1,956,536 
Total cash equivalents and investments$3,950,369 $5,497 $(32)$3,955,834 
The Company included $21.3 million and $16.9 million of interest receivable in prepaid expenses and other current assets on the condensed consolidated balance sheets as of April 30, 2026 and January 31, 2026, respectively. The Company did not recognize an allowance for credit losses against interest receivable as of April 30, 2026 and January 31, 2026 because such potential losses were not material.

As of April 30, 2026, the contractual maturities of the Company’s available-for-sale marketable debt securities did not exceed 60 months. The estimated fair values of available-for-sale marketable debt securities, classified as short-term or long-term investments on the Company’s condensed consolidated balance sheets, by remaining contractual maturity, are as follows (in thousands):

April 30, 2026
Estimated
Fair Value
Due within 1 year$870,283 
Due in 1 year to 3 years
829,841 
Due in 3 years to 5 years602,653 
Total$2,302,777 

Gross unrealized losses on the Company’s available-for-sale marketable debt securities were not material as of each of April 30, 2026 and January 31, 2026.

For available-for-sale marketable debt securities with unrealized loss positions, the Company does not intend to sell these securities and it is more likely than not that the Company will hold these securities until maturity or a recovery of the cost basis. The decline in fair values of these securities due to credit related factors was not material as of each of April 30, 2026 and January 31, 2026.

Strategic Investments

The Company’s strategic investments consist primarily of non-marketable equity securities recorded at cost minus impairment, if any, and adjusted for observable transactions for the same or similar investments of the same issuer (referred to as the Measurement Alternative).

The following table presents the Company’s strategic investments by type (in thousands):

April 30, 2026January 31, 2026
Equity securities:
Non-marketable equity securities under Measurement Alternative$336,574 $359,114 
Non-marketable equity securities under equity method5,329 5,241 
Marketable equity securities6,628 6,264 
Debt securities:
Non-marketable debt securities5,000 10,000 
Total strategic investments—included in other assets$353,531 $380,619 
The following table summarizes the gains and losses associated with the Company’s strategic investments (in thousands):

Three Months Ended April 30,
20262025
Unrealized losses on non-marketable equity securities under Measurement Alternative:
Impairments$(2,000)$(26,521)
Net unrealized gains (losses) on marketable equity securities
364 (4,468)
Net unrealized gains (losses) on strategic investments in equity securities
(1,636)(30,989)
Net realized gains (losses) on strategic investments in equity securities(1)
(1,862)1,304 
Change in fair value of a non-marketable debt security accounted for under fair value option(6,000)— 
Total—included in other expense, net$(9,498)$(29,685)
________________
(1)The net realized losses on strategic investments in equity securities for the three months ended April 30, 2026 primarily relate to a remeasurement loss of $2.2 million recognized on a previously held equity interest in Observe, Inc. See Note 7, “Business Combinations,” for further details. For strategic investments in equity securities sold, the realized gains or losses represent the difference between the sale proceeds and the carrying value of the securities at the beginning of the period or the purchase date, if later.

No upward adjustments were recognized for each of the three months ended April 30, 2026 and 2025. The cumulative upward adjustments and the cumulative impairments to the carrying value of the non-marketable equity securities accounted for using the Measurement Alternative held by the Company as of April 30, 2026 were $18.3 million and $84.8 million, respectively.
v3.26.1
Fair Value Measurements
 3 Months Ended
Apr. 30, 2026
Fair Value Disclosures [Abstract]  
Fair Value Measurements Fair Value Measurements
Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (an exit price) in an orderly transaction between market participants at the reporting date. The accounting guidance establishes a three-tiered hierarchy, which prioritizes the inputs used in the valuation methodologies in measuring fair value as follows:

Level 1 Inputs: Unadjusted quoted prices in active markets for identical assets or liabilities accessible to the reporting entity at the measurement date.

Level 2 Inputs: Other than quoted prices included in Level 1 inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the asset or liability.

Level 3 Inputs: Unobservable inputs for the asset or liability used to measure fair value to the extent that observable inputs are not available, thereby allowing for situations in which there is little, if any, market activity for the asset or liability at the measurement date.
The following table presents the fair value hierarchy for the Company’s assets and liabilities measured at fair value on a recurring basis as of April 30, 2026 (in thousands):

Level 1
Level 2
Level 3
Total
Assets:
Cash equivalents:
Money market funds$1,401,999 $— $— $1,401,999 
Time deposits— 107,558 — 107,558 
U.S. government securities— 44,361 — 44,361 
Commercial paper— 2,770 — 2,770 
Short-term investments:
Corporate notes and bonds— 629,364 — 629,364 
U.S. government and agency securities— 211,005 — 211,005 
Certificates of deposit— 25,307 — 25,307 
Commercial paper— 4,607 — 4,607 
Long-term investments:
Corporate notes and bonds— 1,220,148 — 1,220,148 
U.S. government and agency securities— 190,886 — 190,886 
Asset-backed securities— 21,460 — 21,460 
Strategic investments—included in other assets:
Marketable equity securities6,628 — — 6,628 
Non-marketable debt securities— — 5,000 5,000 
Derivative assets—included in prepaid expenses and other current assets:
Foreign currency forward contracts— 2,164 — 2,164 
Total assets$1,408,627 $2,459,630 $5,000 $3,873,257 
Liabilities:
Derivative liabilities—included in accrued expenses and other current liabilities and other liabilities:
Foreign currency forward contracts$— $(1,860)$— $(1,860)
Total liabilities
$— $(1,860)$— $(1,860)
The following table presents the fair value hierarchy for the Company’s assets and liabilities measured at fair value on a recurring basis as of January 31, 2026 (in thousands):

Level 1
Level 2
Level 3
Total
Assets:
Cash equivalents:
Money market funds$1,752,777 $— $— $1,752,777 
Time deposits— 108,727 — 108,727 
U.S. government securities— 94,532 — 94,532 
Commercial paper— 40,379 — 40,379 
Certificates of deposit— 2,808 — 2,808 
Corporate notes and bonds— 75 — 75 
Short-term investments:
Corporate notes and bonds— 860,872 — 860,872 
U.S. government and agency securities— 256,351 — 256,351 
Certificates of deposit— 65,689 — 65,689 
Commercial paper— 18,611 — 18,611 
Long-term investments:
— 
Corporate notes and bonds— 525,964 — 525,964 
U.S. government and agency securities— 229,049 — 229,049 
Strategic investments—included in other assets:
Marketable equity securities6,264 — — 6,264 
Non-marketable debt securities— — 10,000 10,000 
Derivative assets—included in prepaid expenses and other current assets:
Foreign currency forward contracts— 1,779 — 1,779 
Total assets$1,759,041 $2,204,836 $10,000 $3,973,877 
Liabilities:
Derivative liabilities—included in accrued expenses and other current liabilities:
Foreign currency forward contracts$— $(2,141)$— $(2,141)
Total liabilities
$— $(2,141)$— $(2,141)
    

The Company determines the fair value of its security holdings based on pricing from the Company’s service providers and market prices from industry-standard independent data providers. Such market prices may be quoted prices in active markets for identical assets (Level 1 inputs) or pricing determined using inputs other than quoted prices that are observable either directly or indirectly (Level 2 inputs), such as yield curve, volatility factors, credit spreads, default rates, loss severity, structural features, estimated cash flows, current market and contractual prices for the underlying instruments or debt, broker and dealer quotes, as well as other relevant economic measures.

The Company’s derivative financial instruments, consisting of foreign currency forward contracts, are carried at fair value on the condensed consolidated balance sheets. The following table summarizes the notional amounts of the Company’s outstanding derivative financial instruments (in thousands):

April 30, 2026January 31, 2026
Foreign currency forward contracts not designated as hedging instruments
$187,161 $228,997 
Foreign currency forward contracts designated as cash flow hedges
256,518 86,992 
Total derivative financial instruments
$443,679 $315,989 
These derivative financial instruments did not have a material impact on the Company’s condensed consolidated financial statements for all periods presented. All cash flow hedges were considered effective for all periods presented.

The Company’s non-marketable equity securities accounted for using the Measurement Alternative are recorded at fair value on a non-recurring basis. When indicators of impairment exist or observable price changes of qualified transactions occur, the respective non-marketable equity security would be classified within Level 3 of the fair value hierarchy because significant unobservable inputs or data in an inactive market are used in estimating their fair value. The estimation of fair value for these assets requires the use of an observable transaction price or other unobservable inputs, including the volatility, rights, and obligations of the securities the Company holds. See Note 4, “Cash Equivalents, Investments, and Strategic Investments,” for details regarding the Company’s strategic investments.

See Note 10, “Convertible Senior Notes,” for the fair value measurement of the Company’s convertible senior notes.
v3.26.1
Property and Equipment, Net
 3 Months Ended
Apr. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
Property and equipment, net consisted of the following (in thousands):

April 30, 2026January 31, 2026
Leasehold improvements$135,589 $133,374 
Computers, equipment, and software81,531 69,213 
Furniture and fixtures33,759 32,548 
Capitalized software development costs
230,411 231,131 
Construction in progress—capitalized software development costs
4,137 4,973 
Construction in progress—other7,053 17,274 
Total property and equipment, gross492,480 488,513 
Less: accumulated depreciation and amortization(1)
(265,273)(239,902)
Total property and equipment, net$227,207 $248,611 
________________
(1)Includes $170.1 million and $154.6 million of accumulated amortization related to capitalized software development costs as of April 30, 2026 and January 31, 2026, respectively.

Depreciation and amortization expense was $27.0 million and $24.7 million for the three months ended April 30, 2026 and 2025, respectively. Included in these amounts was the amortization of capitalized software development costs of $17.0 million and $16.8 million for the three months ended April 30, 2026 and 2025, respectively.

Impairment charges were not material for the three months ended April 30, 2026. During the three months ended April 30, 2025, the Company recognized impairment charges of $20.6 million, mainly for leasehold improvements and furniture and fixtures, primarily relating to the cease-use of its San Mateo office facility. Such impairment charges were recorded as general and administrative expenses on the condensed consolidated statement of operations. See Note 11, “Commitments and Contingencies,” for further details.
v3.26.1
Business Combinations
 3 Months Ended
Apr. 30, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Business Combinations Business Combinations
Observe, Inc.

On February 2, 2026, the Company acquired all of the outstanding capital stock of Observe, Inc. (Observe), a privately-held company that built an AI-powered observability platform. The Company acquired Observe primarily for its developed technology and talent. The Company has accounted for this transaction as a business combination.

Prior to this business combination, the Company held a noncontrolling equity interest in Observe, which was accounted for using the Measurement Alternative with a carrying amount of $25.0 million (Previously Held Observe Equity Interest). Accordingly, the Company remeasured the Previously Held Observe Equity Interest at the date of the acquisition and recognized a loss of $2.2 million, which is recorded in other expense, net on the Company’s condensed consolidated statement of operations for the three months ended April 30, 2026.

The acquisition date fair value of the preliminary purchase consideration was $595.8 million, which was comprised of the following (in thousands):

Estimated Fair Value
Cash(1)
$285,729 
Common stock(2)
285,348 
Fair value of Previously Held Observe Equity Interest(3)
22,768 
Settlement of preexisting relationships(4)
1,952 
Total$595,797 
________________
(1)Net of $4.5 million in unsettled post-closing adjustments as of April 30, 2026.
(2)Approximately 1.5 million shares of the Company’s common stock were included in the purchase consideration and the fair values of these shares were determined based on the closing market price of $190.68 per share on the acquisition date.
(3)The amount was determined based on the closing market price of $190.68 per share on the acquisition date.
(4)The amount represents the effective settlement of outstanding receivables from Observe. No gain or loss was recognized upon settlement as amounts were determined to be reflective of fair market value.
The following table summarizes the preliminary allocation of purchase consideration to assets acquired and liabilities assumed based on their respective estimated fair values as of the date of acquisition:

Estimated Fair Value
(in thousands)
Estimated Weighted-Average Useful Life
(in years)
Cash, cash equivalents, and restricted cash
$37,818 
Accounts receivable27,690 
Developed technology intangible asset
190,000 5
Customer relationships intangible asset
35,000 5
Order backlog intangible asset
10,000 2
Brand intangible asset10,000 5
Operating lease right-of-use assets
12,392 
Deferred revenue
(44,373)
Operating lease liabilities
(12,124)
Other net tangible liabilities
(6,862)
Deferred tax liabilities, net(1)
(6,562)
Total identifiable net assets252,979 
Goodwill
342,818 
Total purchase consideration
$595,797 
________________
(1) Deferred tax liabilities, net primarily relate to the intangible assets acquired and the amount presented is net of deferred tax assets.

The fair value of the developed technology intangible asset was estimated using the relief-from-royalty method under the income approach, which utilizes assumptions including projected future revenue generated from the acquired asset, royalty rate, discount rate, and technology migration curve. The fair value of the customer relationships intangible asset was estimated using the multi-period excess earnings method under the income approach, which utilizes assumptions including projected future revenue generated from the acquired asset, projected expenses, and discount rate. The acquired intangible assets had a total weighted-average amortization period of 4.9 years.

The excess of purchase consideration over the preliminary fair values of identifiable net assets acquired was recorded as goodwill, which is not deductible for income tax purposes. The Company believes the goodwill balance associated with this business combination represents the synergies expected from expanded market opportunities when integrating the acquired developed technologies with the Company’s offerings.

Additionally, $212.0 million in RSUs were granted under the 2020 Plan for continuing employees attributable to post-combination services, and are recognized as stock-based compensation over the requisite service period of two or four years.

Acquisition-related costs, recorded as general and administrative expenses, associated with this business combination were not material during the three months ended April 30, 2026.

The results of operations of Observe from the date of acquisition, which were not material, have been included in the Company’s condensed consolidated statements of operations for the three months ended April 30, 2026.
Unaudited Pro Forma Financial Information

The following unaudited pro forma financial information summarizes the combined results of operations of the Company and Observe, as if Observe had been acquired as of February 1, 2025 (in thousands):

Pro Forma
Three Months Ended April 30,
20262025
(unaudited)
Revenue$1,390,951 $1,048,388 
Net loss$(299,985)$(482,641)

The pro forma financial information for all periods presented above has been calculated after adjusting the results of operations of Observe to reflect certain business combination effects, including the amortization of the acquired intangible assets, stock-based compensation, income tax impact, acquisition-related costs and other non-recurring costs incurred by the Company and Observe as though this business combination occurred as of February 1, 2025, the beginning of the Company’s fiscal 2026. The historical consolidated financial information in the unaudited pro forma table above has been adjusted in the pro forma combined financial results to give effect to pro forma events that are directly attributable to this business combination, reasonably estimable, and factually supportable. The pro forma financial information is for informational purposes only and is not indicative of the results of operations that would have been achieved if this business combination had taken place as of February 1, 2025.
v3.26.1
Intangible Assets and Goodwill
 3 Months Ended
Apr. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Intangible Assets and Goodwill Intangible Assets and Goodwill
Intangible Assets, Net

Intangible assets, net consisted of the following (in thousands):

April 30, 2026
GrossAccumulated AmortizationNet
Finite-lived intangible assets:
Developed technology$524,963 $(173,379)$351,584 
Customer relationships51,400 (10,771)40,629 
Developer community154,900 (124,964)29,936 
Assembled workforce57,822 (48,710)9,112 
Other
30,185 (10,515)19,670 
Total finite-lived intangible assets$819,270 $(368,339)$450,931 
Indefinite-lived intangible assets—trademarks426 
Total intangible assets, net$451,357 
January 31, 2026
GrossAccumulated AmortizationNet
Finite-lived intangible assets:
Developed technology$334,963 $(147,893)$187,070 
Developer community154,900 (117,418)37,482 
Assembled workforce57,822 (46,909)10,913 
Customer relationships
16,400 (6,796)9,604 
Patents and other
10,185 (8,764)1,421 
Total finite-lived intangible assets$574,270 $(327,780)$246,490 
Indefinite-lived intangible assets—trademarks426 
Total intangible assets, net$246,916 

Amortization expense of intangible assets was $40.6 million and $24.1 million for the three months ended April 30, 2026 and 2025, respectively. Cost and accumulated amortization of fully amortized intangible assets are removed from the Company's consolidated balance sheets when they are no longer in use.

As of April 30, 2026, future amortization expense is expected to be as follows (in thousands):

Amount
Fiscal Year Ending January 31,
Remainder of 2027$122,932 
2028127,055 
202980,397 
203066,885 
203153,084 
Thereafter578 
Total$450,931 
Goodwill

Changes in goodwill were as follows (in thousands):

Amount
Balance—January 31, 2026
$1,194,367 
Additions
342,818 
Balance—April 30, 2026
$1,537,185 
v3.26.1
Accrued Expenses and Other Current Liabilities
 3 Months Ended
Apr. 30, 2026
Payables and Accruals [Abstract]  
Accrued Expenses and Other Current Liabilities Accrued Expenses and Other Current Liabilities
Accrued expenses and other current liabilities consisted of the following (in thousands):

April 30, 2026January 31, 2026
Accrued compensation$244,581 $304,619 
Accrued customer liabilities related to Snowflake Marketplace(1)
149,692 122,893 
Accrued third-party cloud infrastructure expenses139,669 121,727 
Liabilities associated with sales, marketing, and business development programs68,071 54,462 
Accrued taxes21,295 35,640 
Employee contributions under employee stock purchase plan19,090 69,161 
Accrued professional services16,185 16,043 
Employee payroll tax withheld on employee stock transactions
10,050 18,127 
Accrued purchases of property and equipment9,824 10,446 
Other136,177 126,419 
Total accrued expenses and other current liabilities$814,634 $879,537 
________________
(1)Represent the estimated portion of contractual customer commitments expected to be utilized towards the purchases of third-party products and services on the Snowflake Marketplace.
v3.26.1
Convertible Senior Notes
 3 Months Ended
Apr. 30, 2026
Debt Disclosure [Abstract]  
Convertible Senior Notes Convertible Senior Notes
In September 2024, the Company issued an aggregate principal amount of $2.3 billion of convertible senior notes in a private placement to qualified institutional buyers, comprising of (i) $1.15 billion aggregate principal amount of 0% convertible senior notes due 2027 (2027 Notes) and (ii) $1.15 billion aggregate principal amount of 0% convertible senior notes due 2029 (2029 Notes, and together with the 2027 Notes, the Notes). Each series of Notes was issued pursuant to separate indentures, as supplemented (each an Indenture and together, the Indentures), between the Company and U.S. Bank Trust Company, National Association, as trustee.

The Notes are general, senior unsecured obligations of the Company. The 2027 Notes will mature on October 1, 2027 and the 2029 Notes will mature on October 1, 2029, in each case unless earlier converted, redeemed, or repurchased. Neither the 2027 Notes nor the 2029 Notes bear regular interest, and the principal amount of the Notes will not accrete. The Company may elect or be required to pay special interest on the Notes under certain circumstances in accordance with the terms of the applicable Indenture. Special interest, if any, will be payable semiannually in arrears on April 1 and October 1 of each year, beginning on April 1, 2025. The total proceeds from the issuance of the Notes were approximately $2.27 billion, net of $31.2 million of debt issuance costs.

The following table presents the details of each series of Notes:

Initial Conversion Rate per $1,000 principal
Initial Conversion Price
Initial number of shares
(in thousands)
2027 Notes
6.3492$157.50 7,302 
2029 Notes
6.3492$157.50 7,302 

The conversion rate for each series of Notes is subject to adjustment under certain circumstances in accordance with the terms of the applicable Indenture. In addition, following certain corporate events that occur prior to the maturity date of the relevant series of Notes or if the Company delivers a notice of redemption in respect of a series of Notes, the Company will, in certain circumstances, increase the conversion rate of the relevant series of Notes for a holder who elects to convert its Notes of the applicable series in connection with such a corporate event or convert its Notes called (or deemed called) for redemption during the related redemption period (as defined in the applicable Indenture), as the case may be.

Holders may convert all or any portion of the 2027 Notes and 2029 Notes at their option at any time prior to the close of business on the business day immediately preceding July 1, 2027 and July 1, 2029, respectively, in each case only upon satisfaction of one or more of the following conditions:
(1) during any fiscal quarter commencing after the fiscal quarter ending on January 31, 2025 (and only during such fiscal quarter), if the last reported sale price of the Company’s common stock, par value $0.0001 per share, for at least 20 trading days (whether or not consecutive) during a period of 30 consecutive trading days ending on, and including, the last trading day of the immediately preceding fiscal quarter is greater than or equal to 130% of the conversion price for the relevant series of Notes on each applicable trading day (Sale Price Trigger);

(2) during the five business day period after any ten consecutive trading day period (Measurement Period) in which the trading price (as defined in the Indentures) per $1,000 principal amount of the 2027 Notes or the 2029 Notes, as applicable, for each trading day of the Measurement Period was less than 98% of the product of the last reported sale price of the Company’s common stock and the conversion rate for such Notes on each such trading day;

(3) if the Company calls the relevant series of Notes for redemption, at any time prior to the close of business on the scheduled trading day immediately preceding the redemption date, but only with respect to the Notes called (or deemed called) for redemption; or

(4) upon the occurrence of specified corporate events as set forth in the applicable Indenture.

On or after July 1, 2027, in the case of the 2027 Notes, and on or after July 1, 2029, in the case of the 2029 Notes, until the close of business on the second scheduled trading day immediately preceding the relevant maturity date, holders of the relevant series of Notes may convert all or any portion of their Notes of such series at any time, regardless of the foregoing conditions.

Upon conversion, the Company may satisfy its conversion obligation by paying or delivering, as the case may be, cash, shares of the Company’s common stock or a combination of both, at the Company’s election, in the manner and subject to the terms and conditions provided in the applicable Indenture.

The Company may, at its option, redeem for cash all or any portion of the 2027 Notes (subject to the partial redemption limitation set forth in the Indenture governing the 2027 Notes), on or after April 6, 2026 if the last reported sale price of the Company’s common stock has been at least 150% of the conversion price then in effect for the 2027 Notes for at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period (including the last trading day of such period) ending on, and including, the trading day immediately preceding the date on which the Company provides notice of redemption at a redemption price equal to 100% of the principal amount of the 2027 Notes to be redeemed, plus accrued and unpaid special interest, if any, to, but excluding, the redemption date. The Company may, at its option, redeem for cash all or any portion of the 2029 Notes (subject to the partial redemption limitation set forth in the Indenture governing the 2029 Notes), on or after October 6, 2027 if the last reported sale price of the Company’s common stock has been at least 130% of the conversion price then in effect for the 2029 Notes for at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period (including the last trading day of such period) ending on, and including, the trading day immediately preceding the date on which the Company provides notice of redemption at a redemption price equal to 100% of the principal amount of the 2029 Notes to be redeemed, plus accrued and unpaid special interest, if any, to, but excluding, the redemption date. No sinking fund is provided for the Notes.
If the Company undergoes a fundamental change (as defined in the applicable Indenture) prior to the maturity date of a series of Notes, then, subject to certain conditions and except as set forth in the applicable Indenture, holders of the relevant series of Notes may require the Company to repurchase for cash all or any portion of their Notes of such series at a fundamental change repurchase price equal to 100% of the principal amount of the relevant series of Notes to be repurchased, plus accrued and unpaid special interest, if any, to, but excluding, the relevant fundamental change repurchase date.

Each of the Indentures governing the 2027 Notes or the 2029 Notes includes customary covenants and sets forth certain events of default after which the relevant series of Notes may be declared immediately due and payable and sets forth certain types of bankruptcy or insolvency events of default (as defined in the applicable Indenture) involving the Company after which such Notes become automatically due and payable.

Each series of Notes is accounted for as a liability in its entirety, measured at amortized cost. The debt issuance costs for each series of the Notes are amortized to interest expense using the effective interest method over their respective terms, with effective interest rates of 0.04% for the 2027 Notes and 0.02% for the 2029 Notes.

The Sale Price Trigger was met during each of the three months ended July 31, 2025, October 31, 2025, and January 31, 2026, and as a result, holders were entitled to convert the Notes at any time during each of the three months ended October 31, 2025, January 31, 2026, and April 30, 2026. Through April 30, 2026, the amount of the principal balance of the 2027 Notes that had been converted was not material. The Company continues to classify the net carrying amount of the Notes as a non-current liability as the Company has the option to settle the obligation in shares upon conversion and the Notes’ maturity dates are more than 12 months away.

The following table presents the net carrying values and fair values of each series of Notes as of April 30, 2026 (in thousands):

Principal
Unamortized Debt Issuance Costs
Net Carrying Value
Fair Value
Amount
Leveling
2027 Notes
$1,149,997 $7,401 $1,142,596 $1,311,572 Level 2
2029 Notes
$1,150,000 $10,693 $1,139,307 $1,351,058 Level 2

The fair value was determined based on the quoted prices of the Notes in an inactive market on the last traded day of the fiscal quarter and has been classified as Level 2 in the fair value hierarchy.

Amortization of debt issuance costs was not material for each of the three months ended April 30, 2026 and 2025.

The Company used a portion of the net proceeds from the offering to (i) pay the $195.5 million cost of the privately negotiated capped call transactions relating to each series of the Notes, as described below, and (ii) repurchase $399.6 million of its common stock from purchasers of the Notes in the offering in privately negotiated transactions entered into in connection with the Notes offering at a purchase price of $112.50 per share.

Capped Call Transactions

In connection with the Notes offering, the Company entered into privately negotiated capped call transactions relating to each series of Notes (Capped Calls) with certain of the initial purchasers or affiliates thereof and certain other financial institutions. The Capped Calls are generally expected to reduce the potential dilution to the Company’s common stock upon any conversion of the relevant series of the Notes and/or offset any cash payments the Company is required to make in excess of the principal amount of converted Notes of such series, as the case may be, with such reduction and/or offset subject to a cap based on a cap price initially equal to $225.00 per share.
The following table sets forth other key terms (subject to certain adjustments) and premiums paid for the Capped Calls related to each series of Notes (in thousands, except per share data):

Capped Calls Entered into in Connection with the Offering of the 2027 Notes
Capped Calls Entered into in Connection with the Offering of the 2029 Notes
Initial number of shares covered
7,302 7,302 
Initial strike price
$157.50 $157.50 
Initial cap price
$225.00 $225.00 
Total premium paid
$94,300 $101,200 

The Capped Calls are separate transactions, and not part of the terms of any series of Notes. As the Capped Calls qualify for a scope exception from derivative accounting for instruments that are both indexed to the issuer’s own stock and classified in stockholders’ equity, the premiums paid for the purchases of the Capped Calls was recorded as a reduction to the additional paid-in capital and will not be remeasured as long as they continue to meet the conditions for equity classification.

The Company elected to integrate the Capped Calls with the Notes for income tax purposes pursuant to applicable U.S. Treasury Regulations. Accordingly, the premiums paid for the purchases of the Capped Calls are deductible for income tax purposes over the term of the Notes.
v3.26.1
Commitments and Contingencies
 3 Months Ended
Apr. 30, 2026
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Commitments and Contingencies
Operating Leases—The Company leases its facilities for office space under non-cancelable operating leases with various expiration dates through fiscal 2039. Certain lease agreements include options to renew or terminate the lease, which are not reasonably certain to be exercised and therefore are not factored into the determination of lease payments.

In February 2026, the Company entered into a lease agreement for a new office facility located in the United States with a total commitment of $52.0 million, net of tenant incentives expected. The lease commenced during the three months ended April 30, 2026, with an expiration date in fiscal 2039, and resulted in an increase of $27.9 million in each of the Company’s operating lease right-of-use assets and operating lease liabilities.

As of April 30, 2026, the Company had committed $69.7 million for leases signed but not yet commenced based on the exchange rate as of April 30, 2026. These leases will commence on various dates starting in fiscal 2027 with lease terms ranging from 5.0 years to 7.2 years.

In addition, the Company subleases certain of its unoccupied facilities to third parties with various expiration dates through fiscal 2033. Such subleases have all been classified as operating leases. Sublease income is recorded as a reduction to the Company’s operating lease costs. Sublease income was not material for each of the three months ended April 30, 2026 and 2025.

Impairment charges were not material for the three months ended April 30, 2026. During the three months ended April 30, 2025, the Company recognized impairment charges of $85.9 million for operating lease right-of-use assets, and $20.6 million for property and equipment, net, primarily relating to the cease-use of its San Mateo office facility. Such impairment charges were recorded as general and administrative expenses on the condensed consolidated statement of operations. These impairment charges represent the amounts by which the carrying values of the asset groups exceeded their estimated fair values, and were recorded as general and administrative expenses on the condensed consolidated statement of operations. The fair values of the impaired asset groups were estimated using discounted cash flow models (income approach) based on market participant assumptions, including the expected downtime prior to the commencement of future subleases, projected sublease income over the remaining lease periods, and discount rates to reflect the level of risk associated with receiving future cash flows. These assumptions are classified within Level 3 inputs of the fair value hierarchy. The fair values of the impaired asset groups are not material.
Other Contractual Commitments—Other contractual commitments relate mainly to third-party cloud infrastructure agreements and subscription arrangements used to facilitate the Company’s operations at the enterprise level.

In April 2026, the Company amended one of its third-party cloud infrastructure agreements (April 2026 Amendment). Under the amended agreement, the Company has committed to a cumulative minimum spend of $6.0 billion over a five-year contract term ending March 31, 2031 with minimum spend for each contract year ranging from $900.0 million to $1.25 billion. The Company is required to pay the difference if it fails to meet the cumulative spend or minimum spend for any contract year, and such payments can be applied to qualifying spend on cloud infrastructure services during the term of the April 2026 Amendment. The Company is no longer required to fulfill the remaining non-cancelable purchase commitment under the agreement prior to the April 2026 Amendment.

401(k) Plan—The Company sponsors a 401(k) defined contribution plan covering all eligible U.S. employees. Contributions to the 401(k) plan are discretionary. The Company did not make any matching contributions to the 401(k) plan for each of the three months ended April 30, 2026 and 2025.

Legal Matters—On March 23, 2021, a former employee filed a charge with the National Labor Relations Board (NLRB) claiming that he was terminated in retaliation for engaging in concerted activity protected under the National Labor Relations Act. On September 15, 2023, following a hearing before a NLRB administrative law judge, the administrative law judge issued his ruling in favor of the former employee and ordered that he be awarded certain compensatory and other damages. The Company is appealing the ruling to the Board of the NLRB. The Company believes it is reasonably possible that a loss could ultimately result from an unfavorable outcome and that an estimate of the potential range of loss is between zero and $25 million, plus interest. No material loss accrual was recorded on the Company’s condensed consolidated balance sheets as of each of April 30, 2026 and January 31, 2026, because management believes the likelihood of material loss resulting from this charge is not probable given the further appellate proceedings that are due to take place.

On February 29, 2024, a stockholder class action lawsuit was filed against the Company, the Company’s former Chief Executive Officer, and the Company’s former Chief Financial Officer in the United States District Court for the Northern District of California, alleging violations under Sections 10(b) and 20(a) of the Exchange Act. On April 7, 2025, the lead plaintiff filed a second amended complaint seeking an unspecified amount of damages, attorneys’ fees, expert fees, and other costs. After the Court granted the Company’s motion to dismiss the second amended complaint and granted the lead plaintiff leave to file a third amended complaint, the lead plaintiff filed its third amended complaint on April 14, 2026 and the Company’s motion to dismiss is due June 3, 2026. In addition, since the filing of the class action lawsuit, five additional complaints containing securities derivative claims have been filed in the Chancery Court of the State of Delaware, United States District Court for the District of Delaware, and United States District Court for the Northern District of California, respectively, against the Company and certain of the Company’s directors and executive officers alleging similar violations. The derivative claims have been stayed pending resolution of the anticipated motion to dismiss the third amended complaint. The Company is unable to estimate any reasonably possible loss, or range of loss, with respect to these matters at this time. The Company and the other defendants intend to vigorously defend against the claims in these actions.
On June 13, 2024, a class action was filed in the United States District Court for the District of Montana against the Company alleging that the Company failed to take reasonable measures to secure systems that contained consumer data, thereby allowing threat actors to access and exfiltrate personally identifiable information. In the months that followed, numerous additional class actions making the same or similar allegations were filed in the United States and Canada against the Company and/or customers whose consumer or employee data was exfiltrated. Among other claims, the complaints assert common law claims for negligence, breach of fiduciary duty, breach of implied contract, and unjust enrichment, as well as statutory claims, and seek an unspecified amount of damages, attorneys’ fees and costs, as well as injunctive relief. On October 4, 2024, an order was issued by the United States Judicial Panel on Multidistrict Litigation combining the class actions filed in the United States into a multidistrict litigation in the District of Montana. On February 3, 2025, plaintiffs filed their representative complaint on behalf of the consumer plaintiffs. On February 14, 2025, the Court created a separate financial institution track to represent the interests of certain financial institutions (FI Plaintiffs) and an FI Plaintiff representative complaint was subsequently filed. On May 20, 2025, the plaintiffs filed an amended representative complaint on behalf of the consumer plaintiffs that asserted additional claims regarding the breach of a Snowflake customer account containing personally identifiable information from the Los Angeles Unified School District. On October 28 and 29, 2025, the Court denied the Company’s motions to dismiss the claims of the consumer plaintiffs and FI Plaintiffs. On December 19, 2025 the Company filed its answers to the complaints and the matter is currently in discovery. In addition to the multidistrict litigation, a class action is pending in the Supreme Court of British Columbia. The Company is unable to estimate any reasonably possible loss, or range of loss, with respect to these matters at this time. The Company intends to vigorously defend against the claims in these actions.

On November 21, 2025, a class action lawsuit was filed against the Company in the United States District Court for the District of Montana alleging copyright infringement on behalf of a putative class of individuals and entities that own a United States copyright in any work that was allegedly copied, stored, or used without authorization to train our large language model. The complaint seeks an award of statutory and other damages, attorneys’ fees, and all appropriate legal and equitable relief. On January 22, 2026, the Company filed its answer to the complaint and the matter is currently in discovery. The Company is unable to estimate any reasonably possible loss, or range of loss, with respect to this matter at this time. The Company intends to vigorously defend against the claims in this action.

On February 24, 2026, a stockholder class action lawsuit was filed against the Company, the Company’s former Chief Executive Officer, and the Company’s former Chief Financial Officer in the United States District Court for the Northern District of California, alleging violations under Sections 10(b) and 20(a) of the Exchange Act. The complaint seeks an unspecified amount of damages, attorneys’ fees, and other costs. On March 24, 2026, the Court approved the parties’ request that the Company’s deadline to respond to the complaint be stayed until a lead plaintiff has been appointed and the parties submit a proposed schedule for the filing of a consolidated or amended complaint and the Company’s response. As of May 29, 2026, the Court had not yet appointed a lead plaintiff. The Company is unable to estimate any reasonably possible loss, or range of loss, with respect to this matter at this time. The Company and the other defendants intend to vigorously defend against the claims in this action.

On May 22, 2026, a stockholder class action lawsuit was filed against the Company, the Company’s former Chief Executive Officer, and the Company’s former Chief Financial Officer in the United States District Court for the Northern District of California, alleging violations under Sections 10(b) and 20(a) of the Exchange Act. The complaint seeks an unspecified amount of damages, attorneys’ fees, and other costs. The Company is unable to estimate any reasonably possible loss, or range of loss, with respect to this matter at this time. The Company and the other defendants intend to vigorously defend against the claims in this action.

In addition, the Company is involved from time to time in various claims and legal actions arising in the ordinary course of business. While it is not feasible to predict or determine the ultimate outcome of these matters, the Company believes that none of its current legal proceedings will have a material adverse effect on its financial position, results of operations, or cash flows.

Letters of Credit—As of April 30, 2026, the Company had a total of $32.9 million in cash collateralized letters of credit outstanding, in favor of certain landlords for the Company’s leased facilities and a certain employee-related benefit. These letters of credit renew annually and expire at various dates through fiscal 2039.
Indemnification—The Company enters into indemnification provisions under agreements with other parties in the ordinary course of business, including business partners, investors, contractors, customers, and the Company’s officers, non-employee directors, and certain employees. The Company has agreed to indemnify and defend the indemnified party for claims and related losses suffered or incurred by the indemnified party from actual or threatened third-party claims due to the Company’s activities or non-compliance with certain representations and warranties made by the Company. It is not possible to determine the maximum potential loss under these indemnification provisions due to the Company’s limited history of prior indemnification claims and the unique facts and circumstances involved in each particular provision. For each of the three months ended April 30, 2026 and 2025, losses recorded in the condensed consolidated statements of operations in connection with the indemnification provisions, where the Company is an indemnifying party, were not material.
v3.26.1
Equity
 3 Months Ended
Apr. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Equity Equity
Common Stock—On July 3, 2025, the Company filed an amended and restated certificate of incorporation with the Secretary of State of the State of Delaware effecting (i) the elimination of the Company’s Class B common stock, and (ii) the renaming of the Company’s Class A common stock to “common stock”. Upon the effectiveness of the certificate, the Company’s total number of authorized shares of Class B common stock was reduced from 185.5 million shares to zero. Holders of common stock are entitled to one vote per share on all matters subject to a stockholder vote. This amendment had no impact on the Company’s issued and outstanding shares, additional paid-in capital, or accumulated deficit. Unless otherwise noted, all references herein to the Company’s common stock refer to the Class A common stock prior to the effectiveness of the certificate.

The Company had reserved shares of common stock for future issuance under the Company’s equity incentive plans as follows (in thousands):

April 30, 2026January 31, 2026
2012 Equity Incentive Plan:
Options outstanding11,442 12,274 
2020 Equity Incentive Plan:
Options outstanding1,492 1,492 
Restricted stock units outstanding25,988 21,537 
Shares available for future grants89,791 78,590 
2020 Employee Stock Purchase Plan:
Shares available for future grants21,961 18,967 
Total
150,674 132,860 

Stock Repurchase Program and Treasury Stock—In February 2023, the Company’s board of directors authorized a stock repurchase program of up to $2.0 billion of the Company’s outstanding common stock. Repurchases may be effected, from time to time, either on the open market (including via pre-set trading plans), in privately negotiated transactions, or through other transactions in accordance with applicable securities laws. The timing and amount of any repurchases will be determined by management based on an evaluation of market conditions and other factors. The program does not obligate the Company to acquire any particular amount of common stock, and the repurchase program may be suspended or discontinued at any time at the Company’s discretion. In August 2024, the Company’s board of directors authorized the repurchase of an additional $2.5 billion of its outstanding common stock and extended the expiration date of the stock repurchase program from March 2025 to March 2027.
The following table summarizes the stock repurchase activity under the Company’s stock repurchase program (in thousands, except per share data):

Three Months Ended April 30,
20262025
Number of shares repurchased1,676 3,214 
Weighted-average price per share(1)
$178.95 $152.63 
Aggregate purchase price(1)
$299,999 $490,590 
________________
(1)Excludes transaction costs and excise tax, if any, associated with the repurchases.
All repurchases presented in the table above were made in open market transactions. As of April 30, 2026, approximately $802.7 million remained available for future stock repurchases under the stock repurchase program (exclusive of any transaction costs associated with repurchases). The first 0.5 million shares repurchased under the Company’s authorized stock repurchased program were recorded in treasury stock as a reduction to the stockholders’ equity on the condensed consolidated balance sheets. All shares of common stock subsequently repurchased were retired. Upon retirement, the par value of the common stock repurchased was deducted from common stock and any excess of repurchase price (including associated transaction costs) over par value was recorded entirely to accumulated deficit on the condensed consolidated balance sheets.

Equity Incentive Plans—The Company’s 2020 Equity Incentive Plan (2020 Plan) provides for the grant of incentive stock options, nonqualified stock options, stock appreciation rights, restricted stock awards, restricted stock unit awards (RSUs), performance awards and other forms of equity compensation (collectively, equity awards). All shares that remain available for future grants are under the 2020 Plan.

The Company’s 2012 Equity Incentive Plan (2012 Plan) provided for the grant of equity awards to employees, non-employee directors, and other service providers of the Company. The 2012 Plan was terminated in September 2020 in connection with the Company’s initial public offering (IPO) but continues to govern the terms of outstanding awards that were granted prior to the termination of the 2012 Plan. Upon the expiration, forfeiture, cancellation, or reacquisition of any shares of common stock underlying outstanding equity awards granted under the 2012 Plan, an equal number of shares of common stock will become available for grant under the 2020 Plan. No further equity awards will be granted under the 2012 Plan. There were no outstanding RSUs under the 2012 Plan as of each of April 30, 2026 and January 31, 2026.

The Company’s 2020 Employee Stock Purchase Plan (2020 ESPP) authorizes the issuance of shares of common stock pursuant to purchase rights granted to employees. Offering periods are generally six months long and begin on the first trading day immediately after the last day of the prior offering period, typically around March 15 and September 15 of each year, except for the first two offering periods. The initial offering period began on September 15, 2020 and ended on February 26, 2021. The second offering period began on March 1, 2021 and ended on September 14, 2021.

On February 1, 2026, the shares available for grant under the 2020 Plan and the 2020 ESPP were automatically increased by 17.2 million shares and 3.4 million shares, respectively, pursuant to the annual evergreen increase provisions under the 2020 Plan and the 2020 ESPP.
Stock Options—Stock options granted under the 2012 Plan and the 2020 Plan (collectively, the Plans) generally vest based on continued service over four years and expire ten years from the date of grant.

A summary of stock option activity during the three months ended April 30, 2026 is as follows:

Number of Options Outstanding
(in thousands)		Weighted-
Average
Exercise Price		Weighted-Average Remaining Contractual Life
(in years)		Aggregate
Intrinsic Value
(in thousands)
Balance—January 31, 2026
13,766 $26.56 3.1$2,294,028 
Exercised(832)$7.83 
Balance—April 30, 2026
12,934 $27.76 2.9$1,466,097 
Vested and expected to vest as of April 30, 2026
12,934 $27.76 2.9$1,466,097 
Exercisable as of April 30, 2026
12,351 $21.36 2.8$1,466,097 

No options were granted during the three months ended April 30, 2026 and 2025. The intrinsic value of options exercised in the three months ended April 30, 2026 and 2025 was $127.2 million and $129.5 million, respectively. The aggregate grant-date fair value of options that vested during the three months ended April 30, 2026 and 2025 was $6.2 million and $7.7 million, respectively.

Equity-Classified RSUs—Equity-classified RSUs granted under the 2020 Plan generally contain a service-based vesting condition that is typically satisfied over four years, and the related stock-based compensation for these RSUs is recognized on a straight-line basis over the requisite service period. In addition, under the 2020 Plan, the Company grants equity-classified RSUs that have both service-based and performance-based vesting conditions (Leadership PRSUs) to its executive officers and certain other members of its senior leadership team. Stock-based compensation associated with these Leadership PRSUs is recognized using an accelerated attribution method over the requisite service period, based on the Company’s periodic assessment of the probability that the performance condition will be achieved.

During the three months ended April 30, 2026, the Company awarded 0.6 million Leadership PRSUs at 200% of the target number of these awards (Fiscal 2027 Leadership PRSUs), representing the maximum number of Fiscal 2027 Leadership PRSUs that may be eligible to vest, with the ultimate number of Fiscal 2027 Leadership PRSUs eligible to vest ranging between 0% to 200% of the target number of these awards. Attainment of the Fiscal 2027 Leadership PRSUs is based on the cumulative performance achievement across certain Company performance metrics over three one-year performance periods. The annual performance targets for such Company performance metrics are set by the compensation committee of the Company’s board of directors. Achievement of the Company performance metrics for each one-year performance period is determined following the end of the respective fiscal year, and the associated portion of the Fiscal 2027 Leadership PRSUs that becomes eligible to vest is determined based on weighted attainment across such performance metrics. The service-based vesting condition for the achieved awards is satisfied over a cliff vesting period of three years. As of April 30, 2026, the performance targets for 0.1 million of the Fiscal 2027 Leadership PRSUs were not yet set by the compensation committee of the Company’s board of directors and therefore were not considered granted for accounting purposes under Accounting Standards Codification (ASC) 718, Compensation—Stock Compensation.

During each of fiscal 2024, 2025, and 2026, the Company awarded 1.7 million Leadership PRSUs at 120% of the target number of these awards (Pre-Fiscal 2027 Leadership PRSUs), representing the maximum number of the Pre-Fiscal 2027 Leadership PRSUs that may be eligible to vest over their respective full term. The service-based vesting condition for these Pre-Fiscal 2027 Leadership PRSUs is typically satisfied over four years with a cliff vesting period of one year and continued vesting quarterly thereafter. The performance-based vesting condition was satisfied upon the achievement of certain Company annual performance targets set by the compensation committee of the Company’s board of directors. The ultimate number of these Pre-Fiscal 2027 Leadership PRSUs eligible to vest, ranging between 0% to 120% of the target number of these awards, was determined based on the weighted-average achievement of such Company annual performance metrics for the respective fiscal year.

Stock-based compensation recognized for the Leadership PRSUs was $8.2 million and $13.8 million for the three months ended April 30, 2026 and 2025, respectively.
A summary of equity-classified RSUs activity during the three months ended April 30, 2026 is as follows:

Number of Shares
(in thousands)		Weighted-Average Grant Date
Fair Value
per Share
Unvested Balance—January 31, 2026
20,071 $162.66 
Granted(1)
8,104 $167.23 
Vested(2,348)$159.65 
Forfeited(1,323)$157.80 
Performance adjustment(2)
(69)$143.91 
Unvested Balance—April 30, 2026
24,435 $164.78 
________________
(1)Excludes 0.1 million Fiscal 2027 Leadership PRSUs awarded but not considered granted for accounting purposes under ASC 718, Compensation—Stock Compensation as of April 30, 2026, as the associated performance targets were not yet set.
(2)Represents an adjustment in the number of shares outstanding, with regards to Leadership PRSUs granted during fiscal 2026, based on the actual achievement of the associated Company annual performance targets for fiscal 2026.

Liability-Classified RSUs—In connection with a fiscal 2024 business combination, the Company agreed to grant, under the 2020 Plan, RSUs that contain both post-combination service-based and performance-based vesting conditions (Acquisition PRSUs) to eligible existing or future employees, subject to a maximum total number of approximately 1.7 million shares. The post-combination service-based vesting condition for these Acquisition PRSUs is satisfied over four years with a cliff vesting period of one year and continued vesting quarterly thereafter. The performance-based vesting condition is contingent on the achievement of certain performance metric over the 12-month period ending January 31, 2027. Acquisition PRSUs will vest when both service-based and performance-based conditions are satisfied. The ultimate number of Acquisition PRSUs eligible to vest is determined based on the actual achievement of the performance metric, which takes into account certain factors including the Company’s stock price and market capitalization.

Once granted, Acquisition PRSUs are initially liability-classified and recorded in other liabilities on the Company’s condensed consolidated balance sheets, as the monetary value of the obligation under each potential outcome of the performance condition is predominantly based on a fixed monetary amount known at inception and will be settled in a variable number of shares. Subsequently, these awards are remeasured to the fair value at each reporting date until the number of Acquisition PRSUs eligible to vest is fixed, at which time these awards will be reclassified to equity. Stock-based compensation associated with these awards is recognized based on the probable outcome of the performance condition, using an accelerated attribution method over the requisite service period, with a cumulative catch-up adjustment recognized for changes in the fair value estimated at each reporting date. The liabilities associated with these Acquisition PRSUs were not material as of each of April 30, 2026 and January 31, 2026.

A summary of liability-classified RSUs activity during the three months ended April 30, 2026 is as follows:

Number of Shares
(in thousands)
Unvested Balance—January 31, 2026
1,466 
Forfeited(31)
Unvested Balance—April 30, 2026
1,435 
Restricted Common Stock—In connection with business combinations, the Company has granted restricted common stock outside of the Plans. Restricted common stock is not deemed to be outstanding for accounting purposes until it vests.

A summary of restricted common stock activity during the three months ended April 30, 2026 is as follows:

Outside of the Plans
Number of Shares
(in thousands)		Weighted-Average Grant Date
Fair Value
per Share
Unvested Balance—January 31, 2026
516 $182.07 
Granted43 $190.68 
Vested(25)$197.82 
Unvested Balance—April 30, 2026
534 $182.01 

Stock-Based Compensation—The following table summarizes the assumptions used in estimating the fair values of employee stock purchase rights granted under the 2020 ESPP (ESPP Rights) during the three months ended April 30, 2026 and 2025:

Three Months Ended April 30,
20262025
Expected term (in years)0.50.5
Expected volatility52.8%54.1%
Risk-free interest rate3.7%4.3%
Expected dividend yield—%—%

Expected term—The expected term for ESPP Rights approximates the offering period.

Expected volatility—The Company uses the average of (i) the historical volatility of its common stock, and (ii) the implied volatility from publicly traded options on its common stock to develop an expected volatility assumption.

Risk-free interest rate—Risk-free rate is estimated based upon quoted market yields for the United States Treasury debt securities for a term consistent with the expected life of ESPP Rights in effect at the time of grant.

Expected dividend yield—Because the Company has never paid and has no intention to pay cash dividends on common stock, the expected dividend yield is zero.

Fair value of underlying common stock—The fair value of the Company’s common stock is determined by the closing price, on the date of grant, of its common stock, which is traded on the New York Stock Exchange.

The following table summarizes the assumptions used in estimating the fair value of liability-classified Acquisition PRSUs as of April 30, 2026 and January 31, 2026:

April 30, 2026January 31, 2026
Expected volatility59.0%50.0%
Risk-free interest rate3.7%3.5%

Expected volatility—The Company uses the average of (i) the historical volatility of its common stock, and (ii) the implied volatility from publicly traded options on its common stock to develop an expected volatility assumption.

Risk-free interest rate—Risk-free rate is estimated based upon quoted market yields for the United States Treasury debt securities for a term that approximates the period from the reporting date to January 31, 2027.
Stock-based compensation included in the condensed consolidated statements of operations was as follows (in thousands):

Three Months Ended April 30,
20262025
Cost of revenue$33,780 $33,815 
Sales and marketing98,009 87,516 
Research and development237,752 220,913 
General and administrative32,929 37,216 
Total stock-based compensation$402,470 $379,460 

Capitalized stock-based compensation was not material for the three months ended April 30, 2026 and 2025, respectively. As of April 30, 2026, total compensation cost related to unvested awards not yet recognized was approximately $3.8 billion, which will be recognized over a weighted-average period of 2.9 years.
v3.26.1
Income Taxes
 3 Months Ended
Apr. 30, 2026
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
The Company computes its tax provision for interim periods by applying the estimated annual effective tax rate to year-to-date pre-tax income from recurring operations and adjusting for discrete tax items arising in that quarter.

The Company had an effective tax rate of 0.4% and (1.4%) for the three months ended April 30, 2026 and 2025, respectively. The Company has incurred U.S. operating losses and has minimal profits in foreign jurisdictions.

The Company has evaluated all available evidence, both positive and negative, including historical levels of income and expectations and risks associated with estimates of future taxable income, and has determined that it is more likely than not that its net deferred tax assets will not be realized in the United States and the United Kingdom. Due to uncertainties surrounding the realization of the deferred tax assets, the Company maintains a full valuation allowance against its net deferred tax assets.

The Company is subject to income taxes in the United States and numerous foreign jurisdictions. As of April 30, 2026, tax years 2012 and forward generally remain open for examination for U.S. federal and state tax purposes, and tax years 2020 and forward generally remain open for examination for foreign tax purposes.

The Company has applied ASC 740 and determined that it has uncertain tax positions giving rise to unrecognized tax benefits for each of the three months ended April 30, 2026 and 2025. The Company’s policy is to recognize interest and penalties related to uncertain tax positions in income tax expense. The Company does not anticipate any material amount related to these unrecognized tax benefits, if recognized, would have an impact on the Company’s effective tax rate.

On August 16, 2022, President Biden signed the Inflation Reduction Act of 2022 (Inflation Act) into law. The Inflation Act contains certain tax measures, including a corporate alternative minimum tax of 15% on some large corporations and an excise tax of 1% on stock repurchases. For each of the three months ended April 30, 2026 and 2025, the Inflation Act had no material impact to the Company, including its stock repurchase program.

On July 4, 2025, the One Big Beautiful Bill Act (OBBBA) was enacted in the United States. The OBBBA includes significant provisions, such as the permanent extension of certain expiring provisions of the Tax Cuts and Jobs Act, modifications to the international tax framework and the restoration of favorable tax treatment for certain business provisions including the immediate expensing of the United States research and development expenditures. For the three months ended April 30, 2026, the OBBBA had no material impact on the Company’s consolidated financial statements.
v3.26.1
Net Loss per Share
 3 Months Ended
Apr. 30, 2026
Earnings Per Share [Abstract]  
Net Loss per Share Net Loss per Share
As discussed above in Note 12, “Equity,” on July 3, 2025, the Company filed an amended and restated certificate of incorporation with the Secretary of State of the State of Delaware effecting (i) the elimination of the Company’s Class B common stock, and (ii) the renaming of the Company’s Class A common stock to “common stock”. No Class B common stock was outstanding during any periods presented.

Basic and diluted net loss per share attributable to Snowflake Inc. common stockholders is computed in conformity with the two-class method required for participating securities. The Company considers unvested common stock to be participating securities, as the holders of such stock have the right to receive nonforfeitable dividends on a pari passu basis in the event that a dividend is declared on common stock.

Basic net loss per share attributable to Snowflake Inc. common stockholders is computed by dividing net loss attributable to Snowflake Inc. common stockholders by the weighted-average number of shares of Snowflake Inc. common stock outstanding during the period, which excludes treasury stock. Diluted net loss per share attributable to Snowflake Inc. common stockholders is computed by giving effect to all potentially dilutive Snowflake Inc. common stock equivalents to the extent they are dilutive. For purposes of this calculation, RSUs, stock options, restricted common stock, ESPP Rights, and shares underlying the conversion option in the Notes are considered to be common stock equivalents but have been excluded from the calculation of diluted net loss per share attributable to Snowflake Inc. common stockholders as their effect is anti-dilutive for all periods presented.

The following table presents the calculation of basic and diluted net loss per share attributable to Snowflake Inc. common stockholders (in thousands, except per share data):

Three Months Ended April 30,
20262025
Numerator:
Net loss$(295,571)$(429,952)
Less: net income attributable to noncontrolling interest— 140 
Net loss attributable to Snowflake Inc. common stockholders
$(295,571)$(430,092)
Denominator:
Weighted-average shares used in computing net loss per share attributable to Snowflake Inc. common stockholders—basic and diluted
345,391 332,657 
Net loss per share attributable to Snowflake Inc. common stockholders—basic and diluted
$(0.86)$(1.29)

The following potentially dilutive securities were excluded from the calculation of diluted net loss per share attributable to Snowflake Inc. common stockholders for the periods presented because the impact of including them would have been anti-dilutive (in thousands):

Three Months Ended April 30,
20262025
RSUs25,988 26,633 
Shares underlying the conversion option in the Notes
14,603 14,603 
Stock options12,934 20,806 
Unvested restricted common stock
534 705 
ESPP Rights
397 292 
Total54,456 63,039 

The Company entered into the Capped Calls in connection with the Notes offering. The effect of the Capped Calls was also excluded from the calculation of diluted net loss per share attributable to Snowflake Inc. common stockholders as the effect of the Capped Calls would have been anti-dilutive. The Capped Calls are generally expected to reduce the potential dilution to the Company’s common stock upon any conversion of the relevant series of the Notes. See Note 10, “Convertible Senior Notes,” for further details.
v3.26.1
Related Party Transactions
 3 Months Ended
Apr. 30, 2026
Related Party Transactions [Abstract]  
Related Party Transactions Related Party Transactions
Jeremy Burton, a former member of the Company’s board of directors, served as the chief executive officer and a member of the board of directors of Observe, a privately-held company, until February 2, 2026. Observe had been the Company’s customer since 2018. In addition, as of January 31, 2026, as a minority investor, the Company held an aggregate of $25.0 million in strategic investments in non-marketable equity securities issued by Observe.

On February 2, 2026, the Company acquired the remaining ownership interest of Observe. See Note 7, “Business Combinations,” for further details.

Revenue recognized from Observe was not material for the three months ended April 30, 2025. As of January 31, 2026, the Company did not have material accounts receivable balance due from Observe.
v3.26.1
Subsequent Events
 3 Months Ended
Apr. 30, 2026
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
Business Combinations
On May 24, 2026, the Company entered into a definitive agreement to acquire all outstanding capital stock of Natoma Labs, Inc., an enterprise Model Context Protocol platform for AI agents, for total stated consideration of approximately $110.0 million, consisting primarily of the Company’s common stock (Equity Consideration) with the remainder in cash. Based on the Company’s preliminary estimates, approximately 30% of the Equity Consideration will be subject to certain vesting conditions, the acquisition-date fair value of which will be accounted for as post-combination stock-based compensation over a requisite service period. The transaction is expected to close in June 2026, subject to satisfaction of certain closing conditions.
v3.26.1
Insider Trading Arrangements
 3 Months Ended
Apr. 30, 2026
shares
Trading Arrangements, by Individual  
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
Frank Slootman [Member]  
Trading Arrangements, by Individual  
Material Terms of Trading Arrangement
Trading Arrangement
Action
Date
Rule 10b5-1*Non-Rule 10b5-1**
Total Shares of Common Stock Subject to Trading Arrangement
Expiration Date
Benoit Dageville, Founder and Chief Architect and Director
Adopted(1)
April 3, 2026X
1,312,086(2)
June 2, 2027
Teresa Briggs, Director
AdoptedMarch 2, 2026X687July 6, 2026

* Intended to satisfy the affirmative defense of Rule 10b5-1(c)
** Not intended to satisfy the affirmative defense of Rule 10b5-1(c)
________________
(1)Adopted pursuant to Rule 10b5-1(c)(1)(ii)(D)(2).
(2)The trading arrangement includes (a) gifts of up to 200,016 shares of our common stock and (b) up to 230,432 shares of common stock underlying vested stock options to be exercised and held.
Benoit Dageville [Member]  
Trading Arrangements, by Individual  
Name Benoit Dageville
Title Founder and Chief Architect and Director
Rule 10b5-1 Arrangement Adopted true
Adoption Date April 3, 2026
Expiration Date June 2, 2027
Arrangement Duration 425 days
Aggregate Available 1,312,086
Teresa Briggs [Member]  
Trading Arrangements, by Individual  
Name Teresa Briggs
Title Director
Rule 10b5-1 Arrangement Adopted true
Adoption Date March 2, 2026
Expiration Date July 6, 2026
Arrangement Duration 126 days
Aggregate Available 687
Benoit Dageville Trading Arrangement, Common Stock [Member] | Benoit Dageville [Member]  
Trading Arrangements, by Individual  
Aggregate Available 200,016
Benoit Dageville Trading Arrangement, Underlying Vested Stock Options [Member] | Benoit Dageville [Member]  
Trading Arrangements, by Individual  
Aggregate Available 230,432
v3.26.1
Basis of Presentation and Summary of Significant Accounting Policies (Policies)
 3 Months Ended
Apr. 30, 2026
Accounting Policies [Abstract]  
Fiscal Year
Fiscal Year

The Company’s fiscal year ends on January 31. For example, references to fiscal 2027 refer to the fiscal year ending January 31, 2027.
Basis of Presentation
Basis of Presentation

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) and applicable rules and regulations of the U.S. Securities and Exchange Commission (SEC) regarding interim financial reporting. Accordingly, they do not include all disclosures normally required in annual consolidated financial statements prepared in accordance with GAAP. Therefore, these unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes included in the Company’s Annual Report on Form 10-K for the fiscal year ended January 31, 2026, which was filed with the SEC on March 20, 2026.
In management’s opinion, these unaudited condensed consolidated financial statements have been prepared on the same basis as the annual financial statements and reflect all adjustments, which include only normal recurring adjustments necessary for the fair statement of the Company’s financial position as of April 30, 2026 and the results of operations for the three months ended April 30, 2026 and 2025, and cash flows for the three months ended April 30, 2026 and 2025. The condensed balance sheet as of January 31, 2026 was derived from the audited consolidated financial statements but does not include all disclosures required by GAAP. The results of operations for the three months ended April 30, 2026 are not necessarily indicative of the results to be expected for the full year or any other future interim or annual period.
Principles of Consolidation
Principles of Consolidation

The condensed consolidated financial statements include the accounts of Snowflake, its wholly-owned subsidiaries, and, prior to October 31, 2025, a majority-owned subsidiary in which the Company had a controlling financial interest. All intercompany transactions and balances have been eliminated in consolidation. The Company recorded noncontrolling interest in its condensed consolidated financial statements for the three months ended April 30, 2025 to recognize the minority ownership interest in its majority-owned subsidiary. Profits and losses of the majority-owned subsidiary were attributed to controlling and noncontrolling interests using the hypothetical liquidation at book value method.
Segment Information
Segment Information
The Company has a single operating and reportable segment. The Company’s chief operating decision maker is its Chief Executive Officer, who reviews financial information presented on a consolidated basis, including, but not limited to, the Company’s consolidated net loss, for purposes of making operating decisions, assessing financial performance, and allocating resources.The measure of segment assets is the total assets on the Company’s condensed consolidated balance sheets.
Use of Estimates
Use of Estimates

The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. Such estimates include, but are not limited to, stand-alone selling prices (SSP) for each distinct performance obligation, software development costs, the expected period of benefit for deferred commissions, the fair value of intangible assets acquired in business combinations, the useful lives and impairment of long-lived assets, the carrying value of operating lease right-of-use assets, stock-based compensation, accounting for income taxes, and the fair value of investments in marketable and non-marketable securities.
The Company bases its estimates on historical experience and also on assumptions that management considers reasonable. These estimates are assessed on a regular basis; however, actual results could differ from these estimates.
Recently Adopted Accounting Pronouncement and Recently Issued Accounting Pronouncements Not Yet Adopted
Recently Adopted Accounting Pronouncement

In July 2025, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2025-05, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets, which provides a practical expedient related to the estimation of expected credit losses for current accounts receivable and current contract assets arising from transactions accounted for under Topic 606, including those assets acquired in a business combination. The practical expedient permits an entity to assume that current conditions as of the balance sheet date do not change for the remaining life of the current accounts receivable and current contract assets. The Company adopted this guidance effective February 1, 2026 on a prospective basis, and the adoption did not have a material impact on its condensed consolidated financial statements.

In September 2025, the FASB issued ASU 2025-06, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software, which simplifies the capitalization guidance related to internal-use software by removing all references to software development projects stages so that the guidance is neutral to different software development methods. The Company early adopted this guidance effective February 1, 2026 on a prospective basis, and the adoption did not have a material impact on its condensed consolidated financial statements.

Recently Issued Accounting Pronouncements Not Yet Adopted

In November 2024, the FASB issued ASU 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, which requires disclosure, on an annual and interim basis, of specified information about certain costs and expenses in the notes to financial statements. This guidance is effective for the Company for its fiscal year beginning February 1, 2027 and interim periods within its fiscal year beginning February 1, 2028 on either a prospective or retrospective basis. Early adoption is permitted. The Company is currently evaluating the impact of the adoption of this guidance on its disclosures.

In December 2025, the FASB issued ASU 2025-10, Government Grants (Topic 832): Accounting for Government Grants Received by Business Entities, which provides guidance on the recognition, measurement, and presentation of government grants. This guidance is effective for the Company for its fiscal year and all interim periods beginning February 1, 2029 on either a modified prospective, modified retrospective or full retrospective basis. Early adoption is permitted. The Company is currently evaluating the impact of the adoption of this guidance on its condensed consolidated financial statements.

In December 2025, the FASB issued ASU 2025-11, Interim Reporting (Topic 270): Narrow-Scope Improvements, which clarifies interim reporting requirements and the applicability of Topic 270. This guidance is effective for the Company for all interim periods beginning February 1, 2028 on either a prospective or retrospective basis. Early adoption is permitted. The Company is currently evaluating the impact of the adoption of this guidance on its condensed consolidated financial statements.
Revenue Recognition and Remaining Performance Obligations
Remaining Performance Obligations
Remaining performance obligations (RPO) represent the amount of contracted future revenue that has not yet been recognized, including (i) deferred revenue and (ii) non-cancelable contracted amounts that will be invoiced and recognized as revenue in future periods. The Company’s RPO excludes performance obligations from on-demand arrangements as there are no minimum purchase commitments associated with these arrangements, and certain time and materials contracts that are billed in arrears. Portions of RPO that are not yet invoiced and are denominated in foreign currencies are revalued into U.S. dollars each period based on the applicable period-end exchange rates.
Strategic Investments
The Company’s strategic investments consist primarily of non-marketable equity securities recorded at cost minus impairment, if any, and adjusted for observable transactions for the same or similar investments of the same issuer (referred to as the Measurement Alternative).
Fair Value of Financial Instruments Fair Value Measurements
Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (an exit price) in an orderly transaction between market participants at the reporting date. The accounting guidance establishes a three-tiered hierarchy, which prioritizes the inputs used in the valuation methodologies in measuring fair value as follows:

Level 1 Inputs: Unadjusted quoted prices in active markets for identical assets or liabilities accessible to the reporting entity at the measurement date.

Level 2 Inputs: Other than quoted prices included in Level 1 inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the asset or liability.

Level 3 Inputs: Unobservable inputs for the asset or liability used to measure fair value to the extent that observable inputs are not available, thereby allowing for situations in which there is little, if any, market activity for the asset or liability at the measurement date.
The Company determines the fair value of its security holdings based on pricing from the Company’s service providers and market prices from industry-standard independent data providers. Such market prices may be quoted prices in active markets for identical assets (Level 1 inputs) or pricing determined using inputs other than quoted prices that are observable either directly or indirectly (Level 2 inputs), such as yield curve, volatility factors, credit spreads, default rates, loss severity, structural features, estimated cash flows, current market and contractual prices for the underlying instruments or debt, broker and dealer quotes, as well as other relevant economic measures.
The Company’s derivative financial instruments, consisting of foreign currency forward contracts, are carried at fair value on the condensed consolidated balance sheets.The Company’s non-marketable equity securities accounted for using the Measurement Alternative are recorded at fair value on a non-recurring basis. When indicators of impairment exist or observable price changes of qualified transactions occur, the respective non-marketable equity security would be classified within Level 3 of the fair value hierarchy because significant unobservable inputs or data in an inactive market are used in estimating their fair value. The estimation of fair value for these assets requires the use of an observable transaction price or other unobservable inputs, including the volatility, rights, and obligations of the securities the Company holds.
The fair value was determined based on the quoted prices of the Notes in an inactive market on the last traded day of the fiscal quarter and has been classified as Level 2 in the fair value hierarchy.
Intangible Assets Cost and accumulated amortization of fully amortized intangible assets are removed from the Company's consolidated balance sheets when they are no longer in use.
Capped Call Transactions
The Capped Calls are separate transactions, and not part of the terms of any series of Notes. As the Capped Calls qualify for a scope exception from derivative accounting for instruments that are both indexed to the issuer’s own stock and classified in stockholders’ equity, the premiums paid for the purchases of the Capped Calls was recorded as a reduction to the additional paid-in capital and will not be remeasured as long as they continue to meet the conditions for equity classification.
Impairment or Disposal of Long-Lived Assets
Treasury Stock, Policy All shares of common stock subsequently repurchased were retired. Upon retirement, the par value of the common stock repurchased was deducted from common stock and any excess of repurchase price (including associated transaction costs) over par value was recorded entirely to accumulated deficit on the condensed consolidated balance sheets.
Net Loss Per Share
Basic and diluted net loss per share attributable to Snowflake Inc. common stockholders is computed in conformity with the two-class method required for participating securities. The Company considers unvested common stock to be participating securities, as the holders of such stock have the right to receive nonforfeitable dividends on a pari passu basis in the event that a dividend is declared on common stock.

Basic net loss per share attributable to Snowflake Inc. common stockholders is computed by dividing net loss attributable to Snowflake Inc. common stockholders by the weighted-average number of shares of Snowflake Inc. common stock outstanding during the period, which excludes treasury stock. Diluted net loss per share attributable to Snowflake Inc. common stockholders is computed by giving effect to all potentially dilutive Snowflake Inc. common stock equivalents to the extent they are dilutive. For purposes of this calculation, RSUs, stock options, restricted common stock, ESPP Rights, and shares underlying the conversion option in the Notes are considered to be common stock equivalents but have been excluded from the calculation of diluted net loss per share attributable to Snowflake Inc. common stockholders as their effect is anti-dilutive for all periods presented.
The Company entered into the Capped Calls in connection with the Notes offering. The effect of the Capped Calls was also excluded from the calculation of diluted net loss per share attributable to Snowflake Inc. common stockholders as the effect of the Capped Calls would have been anti-dilutive. The Capped Calls are generally expected to reduce the potential dilution to the Company’s common stock upon any conversion of the relevant series of the Notes. See Note 10, “Convertible Senior Notes,” for further details.
v3.26.1
Basis of Presentation and Summary of Significant Accounting Policies (Tables)
 3 Months Ended
Apr. 30, 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 April 30,
20262025
Revenue
$1,390,951 $1,042,074 
Cost of revenue and operating expenses:
Cost of product revenue(1)(2)
386,874 285,276 
Cost of professional services and other revenue(2)
77,626 63,510 
Sales and marketing(2)
588,952 458,554 
Research and development(2)
534,937 472,404 
General and administrative(2)
128,716 209,587 
Interest income(41,145)(53,163)
Interest expense2,080 2,071 
Other expense, net9,571 28,058 
Provision for (benefit from) income taxes(1,089)5,729 
Net loss$(295,571)$(429,952)
________________
(1)Third-party cloud infrastructure expenses 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 73% and 68% of cost of product revenue for the three months ended April 30, 2026 and 2025, respectively.
(2)Personnel-related expenses, excluding stock-based compensation and associated payroll taxes, represented approximately 37% and 34% of the Company’s total cost of revenue and operating expenses for the three months ended April 30, 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):
April 30, 2026January 31, 2026
United States$393,194 $392,566 
Other(1)
128,876 130,942 
Total$522,070 $523,508 
________________
(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 April 30, 2026 and January 31, 2026.
v3.26.1
Revenue, Accounts Receivable, Deferred Revenue, and Remaining Performance Obligations (Tables)
 3 Months Ended
Apr. 30, 2026
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
Revenue consists of the following (in thousands):

Three Months Ended April 30,
20262025
Product revenue$1,334,329 $996,813 
Professional services and other revenue56,622 45,261 
Total$1,390,951 $1,042,074 
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Geographical Area, Revenue
Revenue by geographic area, based on the location of the Company’s customers (or end-customers under reseller arrangements), was as follows (in thousands):

Three Months Ended April 30,
20262025
Americas:
United States$1,043,519 $784,507 
Other Americas(1)
36,009 29,661 
EMEA(1)(2)
230,617 168,809 
Asia-Pacific and Japan(1)
80,806 59,097 
Total$1,390,951 $1,042,074 
________________
(1)No individual country in these areas represented more than 10% of the Company’s revenue for all periods presented.
(2)Includes Europe, the Middle East and Africa.
v3.26.1
Cash Equivalents, Investments, and Strategic Investments (Tables)
 3 Months Ended
Apr. 30, 2026
Investments, Debt and Equity Securities [Abstract]  
Schedule of Cash and Cash Equivalents
The following is a summary of the Company’s cash equivalents, short-term investments, and long-term investments on the condensed consolidated balance sheets (in thousands):

April 30, 2026
Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Estimated
Fair Value
Cash equivalents:
Money market funds$1,401,999 $— $— $1,401,999 
Time deposits107,558 — — 107,558 
U.S. government securities44,360 1 — 44,361 
Commercial paper2,770 — — 2,770 
Total cash equivalents1,556,687 1 — 1,556,688 
Investments:
Corporate notes and bonds1,851,397 1,303 (3,188)1,849,512 
U.S. government and agency securities401,565 449 (123)401,891 
Certificates of deposit25,298 9 — 25,307 
Asset-backed securities21,496 — (36)21,460 
Commercial paper4,611 — (4)4,607 
Total investments2,304,367 1,761 (3,351)2,302,777 
Total cash equivalents and investments$3,861,054 $1,762 $(3,351)$3,859,465 

January 31, 2026
Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Estimated
Fair Value
Cash equivalents:
Money market funds$1,752,777 $— $— $1,752,777 
Time deposits108,727 — — 108,727 
U.S. government securities94,523 9 — 94,532 
Commercial paper40,384 2 (7)40,379 
Certificates of deposit
2,808 — — 2,808 
Corporate notes and bonds75 — — 75 
Total cash equivalents1,999,294 11 (7)1,999,298 
Investments:
Corporate notes and bonds1,382,374 4,473 (11)1,386,836 
U.S. government and agency securities484,453 961 (14)485,400 
Certificates of deposit65,643 46 — 65,689 
Commercial paper18,605 6 — 18,611 
Total investments1,951,075 5,486 (25)1,956,536 
Total cash equivalents and investments$3,950,369 $5,497 $(32)$3,955,834 
Schedule of Debt Securities, Available-for-Sale
The following is a summary of the Company’s cash equivalents, short-term investments, and long-term investments on the condensed consolidated balance sheets (in thousands):

April 30, 2026
Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Estimated
Fair Value
Cash equivalents:
Money market funds$1,401,999 $— $— $1,401,999 
Time deposits107,558 — — 107,558 
U.S. government securities44,360 1 — 44,361 
Commercial paper2,770 — — 2,770 
Total cash equivalents1,556,687 1 — 1,556,688 
Investments:
Corporate notes and bonds1,851,397 1,303 (3,188)1,849,512 
U.S. government and agency securities401,565 449 (123)401,891 
Certificates of deposit25,298 9 — 25,307 
Asset-backed securities21,496 — (36)21,460 
Commercial paper4,611 — (4)4,607 
Total investments2,304,367 1,761 (3,351)2,302,777 
Total cash equivalents and investments$3,861,054 $1,762 $(3,351)$3,859,465 

January 31, 2026
Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Estimated
Fair Value
Cash equivalents:
Money market funds$1,752,777 $— $— $1,752,777 
Time deposits108,727 — — 108,727 
U.S. government securities94,523 9 — 94,532 
Commercial paper40,384 2 (7)40,379 
Certificates of deposit
2,808 — — 2,808 
Corporate notes and bonds75 — — 75 
Total cash equivalents1,999,294 11 (7)1,999,298 
Investments:
Corporate notes and bonds1,382,374 4,473 (11)1,386,836 
U.S. government and agency securities484,453 961 (14)485,400 
Certificates of deposit65,643 46 — 65,689 
Commercial paper18,605 6 — 18,611 
Total investments1,951,075 5,486 (25)1,956,536 
Total cash equivalents and investments$3,950,369 $5,497 $(32)$3,955,834 
Schedule of Available For Sale Securities Remaining Contractual Maturity The estimated fair values of available-for-sale marketable debt securities, classified as short-term or long-term investments on the Company’s condensed consolidated balance sheets, by remaining contractual maturity, are as follows (in thousands):
April 30, 2026
Estimated
Fair Value
Due within 1 year$870,283 
Due in 1 year to 3 years
829,841 
Due in 3 years to 5 years602,653 
Total$2,302,777 
Schedule of Fair Value Measurements
The following table presents the Company’s strategic investments by type (in thousands):

April 30, 2026January 31, 2026
Equity securities:
Non-marketable equity securities under Measurement Alternative$336,574 $359,114 
Non-marketable equity securities under equity method5,329 5,241 
Marketable equity securities6,628 6,264 
Debt securities:
Non-marketable debt securities5,000 10,000 
Total strategic investments—included in other assets$353,531 $380,619 
Realized And Unrealized Gain (Loss) On Investments
The following table summarizes the gains and losses associated with the Company’s strategic investments (in thousands):

Three Months Ended April 30,
20262025
Unrealized losses on non-marketable equity securities under Measurement Alternative:
Impairments$(2,000)$(26,521)
Net unrealized gains (losses) on marketable equity securities
364 (4,468)
Net unrealized gains (losses) on strategic investments in equity securities
(1,636)(30,989)
Net realized gains (losses) on strategic investments in equity securities(1)
(1,862)1,304 
Change in fair value of a non-marketable debt security accounted for under fair value option(6,000)— 
Total—included in other expense, net$(9,498)$(29,685)
________________
(1)The net realized losses on strategic investments in equity securities for the three months ended April 30, 2026 primarily relate to a remeasurement loss of $2.2 million recognized on a previously held equity interest in Observe, Inc. See Note 7, “Business Combinations,” for further details. For strategic investments in equity securities sold, the realized gains or losses represent the difference between the sale proceeds and the carrying value of the securities at the beginning of the period or the purchase date, if later.
v3.26.1
Fair Value Measurements (Tables)
 3 Months Ended
Apr. 30, 2026
Fair Value Disclosures [Abstract]  
Fair Value, Assets Measured on Recurring Basis
The following table presents the fair value hierarchy for the Company’s assets and liabilities measured at fair value on a recurring basis as of April 30, 2026 (in thousands):

Level 1
Level 2
Level 3
Total
Assets:
Cash equivalents:
Money market funds$1,401,999 $— $— $1,401,999 
Time deposits— 107,558 — 107,558 
U.S. government securities— 44,361 — 44,361 
Commercial paper— 2,770 — 2,770 
Short-term investments:
Corporate notes and bonds— 629,364 — 629,364 
U.S. government and agency securities— 211,005 — 211,005 
Certificates of deposit— 25,307 — 25,307 
Commercial paper— 4,607 — 4,607 
Long-term investments:
Corporate notes and bonds— 1,220,148 — 1,220,148 
U.S. government and agency securities— 190,886 — 190,886 
Asset-backed securities— 21,460 — 21,460 
Strategic investments—included in other assets:
Marketable equity securities6,628 — — 6,628 
Non-marketable debt securities— — 5,000 5,000 
Derivative assets—included in prepaid expenses and other current assets:
Foreign currency forward contracts— 2,164 — 2,164 
Total assets$1,408,627 $2,459,630 $5,000 $3,873,257 
Liabilities:
Derivative liabilities—included in accrued expenses and other current liabilities and other liabilities:
Foreign currency forward contracts$— $(1,860)$— $(1,860)
Total liabilities
$— $(1,860)$— $(1,860)
The following table presents the fair value hierarchy for the Company’s assets and liabilities measured at fair value on a recurring basis as of January 31, 2026 (in thousands):
Level 1
Level 2
Level 3
Total
Assets:
Cash equivalents:
Money market funds$1,752,777 $— $— $1,752,777 
Time deposits— 108,727 — 108,727 
U.S. government securities— 94,532 — 94,532 
Commercial paper— 40,379 — 40,379 
Certificates of deposit— 2,808 — 2,808 
Corporate notes and bonds— 75 — 75 
Short-term investments:
Corporate notes and bonds— 860,872 — 860,872 
U.S. government and agency securities— 256,351 — 256,351 
Certificates of deposit— 65,689 — 65,689 
Commercial paper— 18,611 — 18,611 
Long-term investments:
— 
Corporate notes and bonds— 525,964 — 525,964 
U.S. government and agency securities— 229,049 — 229,049 
Strategic investments—included in other assets:
Marketable equity securities6,264 — — 6,264 
Non-marketable debt securities— — 10,000 10,000 
Derivative assets—included in prepaid expenses and other current assets:
Foreign currency forward contracts— 1,779 — 1,779 
Total assets$1,759,041 $2,204,836 $10,000 $3,973,877 
Liabilities:
Derivative liabilities—included in accrued expenses and other current liabilities:
Foreign currency forward contracts$— $(2,141)$— $(2,141)
Total liabilities
$— $(2,141)$— $(2,141)
Schedule of Derivative Instruments The following table summarizes the notional amounts of the Company’s outstanding derivative financial instruments (in thousands):
April 30, 2026January 31, 2026
Foreign currency forward contracts not designated as hedging instruments
$187,161 $228,997 
Foreign currency forward contracts designated as cash flow hedges
256,518 86,992 
Total derivative financial instruments
$443,679 $315,989 
v3.26.1
Property and Equipment, Net (Tables)
 3 Months Ended
Apr. 30, 2026
Property, Plant, and Equipment [Abstract]  
Schedule of Property and Equipment, Net
Property and equipment, net consisted of the following (in thousands):

April 30, 2026January 31, 2026
Leasehold improvements$135,589 $133,374 
Computers, equipment, and software81,531 69,213 
Furniture and fixtures33,759 32,548 
Capitalized software development costs
230,411 231,131 
Construction in progress—capitalized software development costs
4,137 4,973 
Construction in progress—other7,053 17,274 
Total property and equipment, gross492,480 488,513 
Less: accumulated depreciation and amortization(1)
(265,273)(239,902)
Total property and equipment, net$227,207 $248,611 
________________
(1)Includes $170.1 million and $154.6 million of accumulated amortization related to capitalized software development costs as of April 30, 2026 and January 31, 2026, respectively.
v3.26.1
Business Combinations (Tables)
 3 Months Ended
Apr. 30, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of Acquisition Date Fair Value of Purchase Consideration
The acquisition date fair value of the preliminary purchase consideration was $595.8 million, which was comprised of the following (in thousands):

Estimated Fair Value
Cash(1)
$285,729 
Common stock(2)
285,348 
Fair value of Previously Held Observe Equity Interest(3)
22,768 
Settlement of preexisting relationships(4)
1,952 
Total$595,797 
________________
(1)Net of $4.5 million in unsettled post-closing adjustments as of April 30, 2026.
(2)Approximately 1.5 million shares of the Company’s common stock were included in the purchase consideration and the fair values of these shares were determined based on the closing market price of $190.68 per share on the acquisition date.
(3)The amount was determined based on the closing market price of $190.68 per share on the acquisition date.
(4)The amount represents the effective settlement of outstanding receivables from Observe. No gain or loss was recognized upon settlement as amounts were determined to be reflective of fair market value.
Schedule of Preliminary Allocation of Purchase Price to Assets Acquired and Liabilities Assumed
The following table summarizes the preliminary allocation of purchase consideration to assets acquired and liabilities assumed based on their respective estimated fair values as of the date of acquisition:

Estimated Fair Value
(in thousands)
Estimated Weighted-Average Useful Life
(in years)
Cash, cash equivalents, and restricted cash
$37,818 
Accounts receivable27,690 
Developed technology intangible asset
190,000 5
Customer relationships intangible asset
35,000 5
Order backlog intangible asset
10,000 2
Brand intangible asset10,000 5
Operating lease right-of-use assets
12,392 
Deferred revenue
(44,373)
Operating lease liabilities
(12,124)
Other net tangible liabilities
(6,862)
Deferred tax liabilities, net(1)
(6,562)
Total identifiable net assets252,979 
Goodwill
342,818 
Total purchase consideration
$595,797 
________________
(1) Deferred tax liabilities, net primarily relate to the intangible assets acquired and the amount presented is net of deferred tax assets.
Schedule of Pro Forma Information
The following unaudited pro forma financial information summarizes the combined results of operations of the Company and Observe, as if Observe had been acquired as of February 1, 2025 (in thousands):

Pro Forma
Three Months Ended April 30,
20262025
(unaudited)
Revenue$1,390,951 $1,048,388 
Net loss$(299,985)$(482,641)
v3.26.1
Intangible Assets and Goodwill (Tables)
 3 Months Ended
Apr. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Schedule of Intangible Assets
Intangible assets, net consisted of the following (in thousands):

April 30, 2026
GrossAccumulated AmortizationNet
Finite-lived intangible assets:
Developed technology$524,963 $(173,379)$351,584 
Customer relationships51,400 (10,771)40,629 
Developer community154,900 (124,964)29,936 
Assembled workforce57,822 (48,710)9,112 
Other
30,185 (10,515)19,670 
Total finite-lived intangible assets$819,270 $(368,339)$450,931 
Indefinite-lived intangible assets—trademarks426 
Total intangible assets, net$451,357 
January 31, 2026
GrossAccumulated AmortizationNet
Finite-lived intangible assets:
Developed technology$334,963 $(147,893)$187,070 
Developer community154,900 (117,418)37,482 
Assembled workforce57,822 (46,909)10,913 
Customer relationships
16,400 (6,796)9,604 
Patents and other
10,185 (8,764)1,421 
Total finite-lived intangible assets$574,270 $(327,780)$246,490 
Indefinite-lived intangible assets—trademarks426 
Total intangible assets, net$246,916 
Schedule of Future Amortization Expense
As of April 30, 2026, future amortization expense is expected to be as follows (in thousands):

Amount
Fiscal Year Ending January 31,
Remainder of 2027$122,932 
2028127,055 
202980,397 
203066,885 
203153,084 
Thereafter578 
Total$450,931 
Goodwill
Changes in goodwill were as follows (in thousands):

Amount
Balance—January 31, 2026
$1,194,367 
Additions
342,818 
Balance—April 30, 2026
$1,537,185 
v3.26.1
Accrued Expenses and Other Current Liabilities (Tables)
 3 Months Ended
Apr. 30, 2026
Payables and Accruals [Abstract]  
Schedule of Accrued Expenses and Other Current Liabilities
Accrued expenses and other current liabilities consisted of the following (in thousands):

April 30, 2026January 31, 2026
Accrued compensation$244,581 $304,619 
Accrued customer liabilities related to Snowflake Marketplace(1)
149,692 122,893 
Accrued third-party cloud infrastructure expenses139,669 121,727 
Liabilities associated with sales, marketing, and business development programs68,071 54,462 
Accrued taxes21,295 35,640 
Employee contributions under employee stock purchase plan19,090 69,161 
Accrued professional services16,185 16,043 
Employee payroll tax withheld on employee stock transactions
10,050 18,127 
Accrued purchases of property and equipment9,824 10,446 
Other136,177 126,419 
Total accrued expenses and other current liabilities$814,634 $879,537 
v3.26.1
Convertible Senior Notes (Tables)
 3 Months Ended
Apr. 30, 2026
Debt Disclosure [Abstract]  
Convertible Senior Notes
The following table presents the details of each series of Notes:

Initial Conversion Rate per $1,000 principal
Initial Conversion Price
Initial number of shares
(in thousands)
2027 Notes
6.3492$157.50 7,302 
2029 Notes
6.3492$157.50 7,302 
The following table presents the net carrying values and fair values of each series of Notes as of April 30, 2026 (in thousands):

Principal
Unamortized Debt Issuance Costs
Net Carrying Value
Fair Value
Amount
Leveling
2027 Notes
$1,149,997 $7,401 $1,142,596 $1,311,572 Level 2
2029 Notes
$1,150,000 $10,693 $1,139,307 $1,351,058 Level 2
Other Key Terms and Premiums Paid for Capped Calls
The following table sets forth other key terms (subject to certain adjustments) and premiums paid for the Capped Calls related to each series of Notes (in thousands, except per share data):

Capped Calls Entered into in Connection with the Offering of the 2027 Notes
Capped Calls Entered into in Connection with the Offering of the 2029 Notes
Initial number of shares covered
7,302 7,302 
Initial strike price
$157.50 $157.50 
Initial cap price
$225.00 $225.00 
Total premium paid
$94,300 $101,200 
v3.26.1
Equity (Tables)
 3 Months Ended
Apr. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Shares Reserved For Future Issuance
The Company had reserved shares of common stock for future issuance under the Company’s equity incentive plans as follows (in thousands):

April 30, 2026January 31, 2026
2012 Equity Incentive Plan:
Options outstanding11,442 12,274 
2020 Equity Incentive Plan:
Options outstanding1,492 1,492 
Restricted stock units outstanding25,988 21,537 
Shares available for future grants89,791 78,590 
2020 Employee Stock Purchase Plan:
Shares available for future grants21,961 18,967 
Total
150,674 132,860 
Class of Treasury Stock
The following table summarizes the stock repurchase activity under the Company’s stock repurchase program (in thousands, except per share data):

Three Months Ended April 30,
20262025
Number of shares repurchased1,676 3,214 
Weighted-average price per share(1)
$178.95 $152.63 
Aggregate purchase price(1)
$299,999 $490,590 
________________
(1)Excludes transaction costs and excise tax, if any, associated with the repurchases.
Option Activity Rollforward
A summary of stock option activity during the three months ended April 30, 2026 is as follows:

Number of Options Outstanding
(in thousands)		Weighted-
Average
Exercise Price		Weighted-Average Remaining Contractual Life
(in years)		Aggregate
Intrinsic Value
(in thousands)
Balance—January 31, 2026
13,766 $26.56 3.1$2,294,028 
Exercised(832)$7.83 
Balance—April 30, 2026
12,934 $27.76 2.9$1,466,097 
Vested and expected to vest as of April 30, 2026
12,934 $27.76 2.9$1,466,097 
Exercisable as of April 30, 2026
12,351 $21.36 2.8$1,466,097 
Schedule of Unvested RSU Rollforward
A summary of equity-classified RSUs activity during the three months ended April 30, 2026 is as follows:

Number of Shares
(in thousands)		Weighted-Average Grant Date
Fair Value
per Share
Unvested Balance—January 31, 2026
20,071 $162.66 
Granted(1)
8,104 $167.23 
Vested(2,348)$159.65 
Forfeited(1,323)$157.80 
Performance adjustment(2)
(69)$143.91 
Unvested Balance—April 30, 2026
24,435 $164.78 
________________
(1)Excludes 0.1 million Fiscal 2027 Leadership PRSUs awarded but not considered granted for accounting purposes under ASC 718, Compensation—Stock Compensation as of April 30, 2026, as the associated performance targets were not yet set.
(2)Represents an adjustment in the number of shares outstanding, with regards to Leadership PRSUs granted during fiscal 2026, based on the actual achievement of the associated Company annual performance targets for fiscal 2026.
A summary of liability-classified RSUs activity during the three months ended April 30, 2026 is as follows:

Number of Shares
(in thousands)
Unvested Balance—January 31, 2026
1,466 
Forfeited(31)
Unvested Balance—April 30, 2026
1,435 
Schedule of Unvested RSA Rollforward
A summary of restricted common stock activity during the three months ended April 30, 2026 is as follows:

Outside of the Plans
Number of Shares
(in thousands)		Weighted-Average Grant Date
Fair Value
per Share
Unvested Balance—January 31, 2026
516 $182.07 
Granted43 $190.68 
Vested(25)$197.82 
Unvested Balance—April 30, 2026
534 $182.01 
Valuation Assumptions Other Than Stock Options Schedule The following table summarizes the assumptions used in estimating the fair values of employee stock purchase rights granted under the 2020 ESPP (ESPP Rights) during the three months ended April 30, 2026 and 2025:
Three Months Ended April 30,
20262025
Expected term (in years)0.50.5
Expected volatility52.8%54.1%
Risk-free interest rate3.7%4.3%
Expected dividend yield—%—%
Schedule of Valuation Assumptions, Liability-Classified Performance Shares
The following table summarizes the assumptions used in estimating the fair value of liability-classified Acquisition PRSUs as of April 30, 2026 and January 31, 2026:

April 30, 2026January 31, 2026
Expected volatility59.0%50.0%
Risk-free interest rate3.7%3.5%
Share-based Compensation Schedule
Stock-based compensation included in the condensed consolidated statements of operations was as follows (in thousands):

Three Months Ended April 30,
20262025
Cost of revenue$33,780 $33,815 
Sales and marketing98,009 87,516 
Research and development237,752 220,913 
General and administrative32,929 37,216 
Total stock-based compensation$402,470 $379,460 
v3.26.1
Net Loss per Share (Tables)
 3 Months Ended
Apr. 30, 2026
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Net Loss per Share
The following table presents the calculation of basic and diluted net loss per share attributable to Snowflake Inc. common stockholders (in thousands, except per share data):

Three Months Ended April 30,
20262025
Numerator:
Net loss$(295,571)$(429,952)
Less: net income attributable to noncontrolling interest— 140 
Net loss attributable to Snowflake Inc. common stockholders
$(295,571)$(430,092)
Denominator:
Weighted-average shares used in computing net loss per share attributable to Snowflake Inc. common stockholders—basic and diluted
345,391 332,657 
Net loss per share attributable to Snowflake Inc. common stockholders—basic and diluted
$(0.86)$(1.29)
Schedule of Potentially Dilutive Securities Excluded from Computation of Net Loss per Share
The following potentially dilutive securities were excluded from the calculation of diluted net loss per share attributable to Snowflake Inc. common stockholders for the periods presented because the impact of including them would have been anti-dilutive (in thousands):

Three Months Ended April 30,
20262025
RSUs25,988 26,633 
Shares underlying the conversion option in the Notes
14,603 14,603 
Stock options12,934 20,806 
Unvested restricted common stock
534 705 
ESPP Rights
397 292 
Total54,456 63,039 
v3.26.1
Basis of Presentation and Summary of Significant Accounting Policies - Schedule of Segment Reporting Information (Details) - USD ($)
$ in Thousands
 3 Months Ended
Apr. 30, 2026
Apr. 30, 2025
Segment Reporting [Line Items]    
Revenue $ 1,390,951 $ 1,042,074
Cost of revenue 464,500 348,786
Sales and marketing 588,952 458,554
Research and development 534,937 472,404
General and administrative 128,716 209,587
Interest income 41,145 53,163
Interest expense (2,080) (2,071)
Other expense, net (9,571) (28,058)
Provision for (benefit from) income taxes (1,089) 5,729
Net income (loss) (295,571) (429,952)
Product revenue    
Segment Reporting [Line Items]    
Revenue 1,334,329 996,813
Professional services and other revenue    
Segment Reporting [Line Items]    
Revenue $ 56,622 $ 45,261
Third-Party Cloud Infrastructure Expenses | Cost Of Product Revenue Benchmark | Cost Of Product Revenue Type Risk    
Segment Reporting [Line Items]    
Concentration risk, percentage 73.00% 68.00%
Personnel-Related Expenses | Cost Of Revenue And Operating Expenses Benchmark | Cost Of Revenue And Operating Expenses Type Risk    
Segment Reporting [Line Items]    
Concentration risk, percentage 37.00% 34.00%
Reportable Segment    
Segment Reporting [Line Items]    
Revenue $ 1,390,951 $ 1,042,074
Sales and marketing 588,952 458,554
Research and development 534,937 472,404
General and administrative 128,716 209,587
Interest income (41,145) (53,163)
Interest expense 2,080 2,071
Other expense, net 9,571 28,058
Provision for (benefit from) income taxes (1,089) 5,729
Net income (loss) (295,571) (429,952)
Reportable Segment | Product revenue    
Segment Reporting [Line Items]    
Cost of revenue 386,874 285,276
Reportable Segment | Professional services and other revenue    
Segment Reporting [Line Items]    
Cost of revenue $ 77,626 $ 63,510
v3.26.1
Basis of Presentation and Summary of Significant Accounting Policies - Summary of Long-lived Assets by Geographic Areas (Details) - USD ($)
$ in Thousands
Apr. 30, 2026
Jan. 31, 2026
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Geographical Area, Revenue and Long-Lived Asset [Line Items]    
Total $ 522,070 $ 523,508
United States    
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Geographical Area, Revenue and Long-Lived Asset [Line Items]    
Total 393,194 392,566
Other    
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Geographical Area, Revenue and Long-Lived Asset [Line Items]    
Total $ 128,876 $ 130,942
v3.26.1
Basis of Presentation and Summary of Significant Accounting Policies - Narrative (Details)
 3 Months Ended
Apr. 30, 2026
segment
Accounting Policies [Abstract]  
Number of reportable segments 1
Number of operating segments 1
v3.26.1
Revenue, Accounts Receivable, Deferred Revenue, and Remaining Performance Obligations - Disaggregation of Revenue (Details) - USD ($)
$ in Thousands
 3 Months Ended
Apr. 30, 2026
Apr. 30, 2025
Disaggregation of Revenue [Line Items]    
Revenue $ 1,390,951 $ 1,042,074
Product revenue    
Disaggregation of Revenue [Line Items]    
Revenue 1,334,329 996,813
Professional services and other revenue    
Disaggregation of Revenue [Line Items]    
Revenue $ 56,622 $ 45,261
v3.26.1
Revenue, Accounts Receivable, Deferred Revenue, and Remaining Performance Obligations - Revenue from External Customers by Geographic Areas (Details) - USD ($)
$ in Thousands
 3 Months Ended
Apr. 30, 2026
Apr. 30, 2025
Disaggregation of Revenue [Line Items]    
Revenue $ 1,390,951 $ 1,042,074
United States    
Disaggregation of Revenue [Line Items]    
Revenue 1,043,519 784,507
Other Americas    
Disaggregation of Revenue [Line Items]    
Revenue 36,009 29,661
EMEA    
Disaggregation of Revenue [Line Items]    
Revenue 230,617 168,809
Asia-Pacific and Japan    
Disaggregation of Revenue [Line Items]    
Revenue $ 80,806 $ 59,097
v3.26.1
Revenue, Accounts Receivable, Deferred Revenue, and Remaining Performance Obligations - Narrative (Details) - USD ($)
 3 Months Ended
Apr. 30, 2026
Apr. 30, 2025
Jan. 31, 2026
Disaggregation of Revenue [Line Items]      
Allowance for doubtful accounts $ 0   $ 0
Revenue recognized 988,700,000 $ 820,900,000  
Remaining performance obligation $ 9,200,000,000    
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-05-01      
Disaggregation of Revenue [Line Items]      
Revenue, remaining performance obligation, percentage 50.00%    
Remaining performance obligation, remaining life 12 months    
v3.26.1
Cash Equivalents, Investments, and Strategic Investments - Schedule of Cash and Cash Equivalents and Investments Fair Value (Details) - USD ($)
$ in Thousands
Apr. 30, 2026
Jan. 31, 2026
Cash equivalents:    
Amortized Cost $ 1,556,687 $ 1,999,294
Gross Unrealized Gains 1 11
Gross Unrealized Losses 0 (7)
Estimated Fair Value 1,556,688 1,999,298
Investments:    
Amortized Cost 2,304,367 1,951,075
Gross Unrealized Gains 1,761 5,486
Gross Unrealized Losses (3,351) (25)
Estimated Fair Value 2,302,777 1,956,536
Amortized Cost 3,861,054 3,950,369
Gross Unrealized Gains 1,762 5,497
Gross Unrealized Losses (3,351) (32)
Estimated Fair Value 3,859,465 3,955,834
Corporate notes and bonds    
Investments:    
Amortized Cost 1,851,397 1,382,374
Gross Unrealized Gains 1,303 4,473
Gross Unrealized Losses (3,188) (11)
Estimated Fair Value 1,849,512 1,386,836
U.S. government and agency securities    
Investments:    
Amortized Cost 401,565 484,453
Gross Unrealized Gains 449 961
Gross Unrealized Losses (123) (14)
Estimated Fair Value 401,891 485,400
Certificates of deposit    
Investments:    
Amortized Cost 25,298 65,643
Gross Unrealized Gains 9 46
Gross Unrealized Losses 0 0
Estimated Fair Value 25,307 65,689
Asset-backed securities    
Investments:    
Amortized Cost 21,496  
Gross Unrealized Gains 0  
Gross Unrealized Losses (36)  
Estimated Fair Value 21,460  
Commercial paper    
Investments:    
Amortized Cost 4,611 18,605
Gross Unrealized Gains 0 6
Gross Unrealized Losses (4) 0
Estimated Fair Value 4,607 18,611
Money market funds    
Cash equivalents:    
Amortized Cost 1,401,999 1,752,777
Gross Unrealized Gains 0 0
Gross Unrealized Losses 0 0
Estimated Fair Value 1,401,999 1,752,777
Time deposits    
Cash equivalents:    
Amortized Cost 107,558 108,727
Gross Unrealized Gains 0 0
Gross Unrealized Losses 0 0
Estimated Fair Value 107,558 108,727
U.S. government securities    
Cash equivalents:    
Amortized Cost 44,360 94,523
Gross Unrealized Gains 1 9
Gross Unrealized Losses 0 0
Estimated Fair Value 44,361 94,532
Commercial paper    
Cash equivalents:    
Amortized Cost 2,770 40,384
Gross Unrealized Gains 0 2
Gross Unrealized Losses 0 (7)
Estimated Fair Value $ 2,770 40,379
Certificates of deposit    
Cash equivalents:    
Amortized Cost   2,808
Gross Unrealized Gains   0
Gross Unrealized Losses   0
Estimated Fair Value   2,808
Corporate notes and bonds    
Cash equivalents:    
Amortized Cost   75
Gross Unrealized Gains   0
Gross Unrealized Losses   0
Estimated Fair Value   $ 75
v3.26.1
Cash Equivalents, Investments, and Strategic Investments - Narrative (Details) - USD ($)
 3 Months Ended
Apr. 30, 2026
Apr. 30, 2025
Jan. 31, 2026
Investments, Debt and Equity Securities [Abstract]      
Interest receivable, current $ 21,300,000   $ 16,900,000
Contractual maturities of available-for-sale debt securities, maximum 60 months    
Gross unrealized losses on available-for-sale marketable debt securities $ 0   $ 0
Upward adjustments 0 $ 0  
Cumulative upward adjustments 18,300,000    
Impairments $ 84,800,000    
v3.26.1
Cash Equivalents, Investments, and Strategic Investments - Schedule of Available for Sale Securities Remaining Contractual Maturity (Details)
$ in Thousands
Apr. 30, 2026
USD ($)
Investments, Debt and Equity Securities [Abstract]  
Due within 1 year $ 870,283
Due in 1 year to 3 years 829,841
Due in 3 years to 5 years 602,653
Total $ 2,302,777
v3.26.1
Cash Equivalents, Investments, and Strategic Investments - Schedule of Fair Value Measurements (Details) - USD ($)
$ in Thousands
Apr. 30, 2026
Jan. 31, 2026
Investments, Debt and Equity Securities [Abstract]    
Non-marketable equity securities under Measurement Alternative $ 336,574 $ 359,114
Non-marketable equity securities under equity method 5,329 5,241
Marketable equity securities 6,628 6,264
Non-marketable debt securities 5,000 10,000
Total strategic investments—included in other assets $ 353,531 $ 380,619
v3.26.1
Cash Equivalents, Investments, and Strategic Investments - Unrealized Gain (Loss) on Investments (Details) - USD ($)
$ in Thousands
 3 Months Ended
Apr. 30, 2026
Apr. 30, 2025
Debt and Equity Securities, FV-NI [Line Items]    
Impairments $ (2,000) $ (26,521)
Net unrealized gains (losses) on marketable equity securities 364 (4,468)
Net unrealized gains (losses) on strategic investments in equity securities (1,636) (30,989)
Net unrealized gains (losses) on strategic investments in equity securities (1,862) 1,304
Change in fair value of a non-marketable debt security accounted for under fair value option (6,000) 0
Total—included in other expense, net (9,498) $ (29,685)
Observe, Inc.    
Debt and Equity Securities, FV-NI [Line Items]    
Equity interest remeasurement loss $ 2,200  
v3.26.1
Fair Value Measurements - Schedule of Assets Measured at Fair Value on a Recurring Basis (Details) - USD ($)
$ in Thousands
Apr. 30, 2026
Jan. 31, 2026
Assets:    
Cash equivalents $ 1,556,688 $ 1,999,298
Short-term investments 870,283 1,201,523
Long-term investments 1,432,494 755,013
Marketable equity securities 6,628 6,264
Non-marketable debt securities 5,000 10,000
Money market funds    
Assets:    
Cash equivalents 1,401,999 1,752,777
Time deposits    
Assets:    
Cash equivalents 107,558 108,727
U.S. government securities    
Assets:    
Cash equivalents 44,361 94,532
Commercial paper    
Assets:    
Cash equivalents 2,770 40,379
Certificates of deposit    
Assets:    
Cash equivalents   2,808
Corporate notes and bonds    
Assets:    
Cash equivalents   75
Recurring    
Assets:    
Marketable equity securities 6,628 6,264
Non-marketable debt securities 5,000 10,000
Derivative assets 2,164 1,779
Total assets 3,873,257 3,973,877
Liabilities:    
Derivative liabilities (1,860) (2,141)
Total liabilities (1,860) (2,141)
Recurring | Corporate notes and bonds    
Assets:    
Short-term investments 629,364 860,872
Long-term investments 1,220,148 525,964
Recurring | U.S. government and agency securities    
Assets:    
Short-term investments 211,005 256,351
Long-term investments 190,886 229,049
Recurring | Certificates of deposit    
Assets:    
Short-term investments 25,307 65,689
Recurring | Commercial paper    
Assets:    
Short-term investments 4,607 18,611
Recurring | Asset-backed securities    
Assets:    
Long-term investments 21,460  
Recurring | Money market funds    
Assets:    
Cash equivalents 1,401,999 1,752,777
Recurring | Time deposits    
Assets:    
Cash equivalents 107,558 108,727
Recurring | U.S. government securities    
Assets:    
Cash equivalents 44,361 94,532
Recurring | Commercial paper    
Assets:    
Cash equivalents 2,770 40,379
Recurring | Certificates of deposit    
Assets:    
Cash equivalents   2,808
Recurring | Corporate notes and bonds    
Assets:    
Cash equivalents   75
Recurring | Level 1    
Assets:    
Marketable equity securities 6,628 6,264
Non-marketable debt securities 0 0
Derivative assets 0 0
Total assets 1,408,627 1,759,041
Liabilities:    
Derivative liabilities 0 0
Total liabilities 0 0
Recurring | Level 1 | Corporate notes and bonds    
Assets:    
Short-term investments 0 0
Long-term investments 0 0
Recurring | Level 1 | U.S. government and agency securities    
Assets:    
Short-term investments 0 0
Long-term investments 0 0
Recurring | Level 1 | Certificates of deposit    
Assets:    
Short-term investments 0 0
Recurring | Level 1 | Commercial paper    
Assets:    
Short-term investments 0 0
Recurring | Level 1 | Asset-backed securities    
Assets:    
Long-term investments 0  
Recurring | Level 1 | Money market funds    
Assets:    
Cash equivalents 1,401,999 1,752,777
Recurring | Level 1 | Time deposits    
Assets:    
Cash equivalents 0 0
Recurring | Level 1 | U.S. government securities    
Assets:    
Cash equivalents 0 0
Recurring | Level 1 | Commercial paper    
Assets:    
Cash equivalents 0 0
Recurring | Level 1 | Certificates of deposit    
Assets:    
Cash equivalents   0
Recurring | Level 1 | Corporate notes and bonds    
Assets:    
Cash equivalents   0
Recurring | Level 2    
Assets:    
Marketable equity securities 0 0
Non-marketable debt securities 0 0
Derivative assets 2,164 1,779
Total assets 2,459,630 2,204,836
Liabilities:    
Derivative liabilities (1,860) (2,141)
Total liabilities (1,860) (2,141)
Recurring | Level 2 | Corporate notes and bonds    
Assets:    
Short-term investments 629,364 860,872
Long-term investments 1,220,148 525,964
Recurring | Level 2 | U.S. government and agency securities    
Assets:    
Short-term investments 211,005 256,351
Long-term investments 190,886 229,049
Recurring | Level 2 | Certificates of deposit    
Assets:    
Short-term investments 25,307 65,689
Recurring | Level 2 | Commercial paper    
Assets:    
Short-term investments 4,607 18,611
Recurring | Level 2 | Asset-backed securities    
Assets:    
Long-term investments 21,460  
Recurring | Level 2 | Money market funds    
Assets:    
Cash equivalents 0 0
Recurring | Level 2 | Time deposits    
Assets:    
Cash equivalents 107,558 108,727
Recurring | Level 2 | U.S. government securities    
Assets:    
Cash equivalents 44,361 94,532
Recurring | Level 2 | Commercial paper    
Assets:    
Cash equivalents 2,770 40,379
Recurring | Level 2 | Certificates of deposit    
Assets:    
Cash equivalents   2,808
Recurring | Level 2 | Corporate notes and bonds    
Assets:    
Cash equivalents   75
Recurring | Level 3    
Assets:    
Marketable equity securities 0 0
Non-marketable debt securities 5,000 10,000
Derivative assets 0 0
Total assets 5,000 10,000
Liabilities:    
Derivative liabilities 0 0
Total liabilities 0 0
Recurring | Level 3 | Corporate notes and bonds    
Assets:    
Short-term investments 0 0
Long-term investments 0 0
Recurring | Level 3 | U.S. government and agency securities    
Assets:    
Short-term investments 0 0
Long-term investments 0 0
Recurring | Level 3 | Certificates of deposit    
Assets:    
Short-term investments 0 0
Recurring | Level 3 | Commercial paper    
Assets:    
Short-term investments 0 0
Recurring | Level 3 | Asset-backed securities    
Assets:    
Long-term investments 0  
Recurring | Level 3 | Money market funds    
Assets:    
Cash equivalents 0 0
Recurring | Level 3 | Time deposits    
Assets:    
Cash equivalents 0 0
Recurring | Level 3 | U.S. government securities    
Assets:    
Cash equivalents 0 0
Recurring | Level 3 | Commercial paper    
Assets:    
Cash equivalents $ 0 0
Recurring | Level 3 | Certificates of deposit    
Assets:    
Cash equivalents   0
Recurring | Level 3 | Corporate notes and bonds    
Assets:    
Cash equivalents   $ 0
v3.26.1
Fair Value Measurements - Schedule of Notional Amounts of Derivative Instruments (Details) - USD ($)
$ in Thousands
Apr. 30, 2026
Jan. 31, 2026
Derivative, Notional Amount [Roll Forward]    
Derivative, notional amount $ 443,679 $ 315,989
Foreign Exchange Forward | Not Designated as Hedging Instrument    
Derivative, Notional Amount [Roll Forward]    
Derivative, notional amount 187,161 228,997
Foreign Exchange Forward | Cash Flow Hedging | Designated as Hedging Instrument    
Derivative, Notional Amount [Roll Forward]    
Derivative, notional amount $ 256,518 $ 86,992
v3.26.1
Property and Equipment, Net - Schedule of Property and Equipment, Net (Details) - USD ($)
$ in Thousands
Apr. 30, 2026
Jan. 31, 2026
Property, Plant, and Equipment    
Total property and equipment, gross $ 492,480 $ 488,513
Less: accumulated depreciation and amortization (265,273) (239,902)
Total property and equipment, net 227,207 248,611
Leasehold improvements    
Property, Plant, and Equipment    
Total property and equipment, gross 135,589 133,374
Computers, equipment, and software    
Property, Plant, and Equipment    
Total property and equipment, gross 81,531 69,213
Furniture and fixtures    
Property, Plant, and Equipment    
Total property and equipment, gross 33,759 32,548
Capitalized software development costs    
Property, Plant, and Equipment    
Total property and equipment, gross 230,411 231,131
Less: accumulated depreciation and amortization (170,100) (154,600)
Construction in progress—capitalized software development costs    
Property, Plant, and Equipment    
Total property and equipment, gross 4,137 4,973
Construction in progress—other    
Property, Plant, and Equipment    
Total property and equipment, gross $ 7,053 $ 17,274
v3.26.1
Property and Equipment, Net - Narrative (Details) - USD ($)
 3 Months Ended
Apr. 30, 2026
Apr. 30, 2025
Property, Plant, and Equipment    
Depreciation $ 27,000,000.0 $ 24,700,000
Accumulated amortization, property, plant, and equipment 17,000,000.0 16,800,000
Asset impairment charges 17,724,000 106,488,000
Leasehold Improvements And Furniture And Fixtures | San Mateo Office Facility    
Property, Plant, and Equipment    
Asset impairment charges $ 0 $ 20,600,000
v3.26.1
Business Combinations - Narrative (Details) - USD ($)
shares in Millions
 3 Months Ended
Feb. 02, 2026
Feb. 01, 2026
Apr. 30, 2026
Observe, Inc.      
Business Combination [Line Items]      
Equity interest remeasurement loss     $ 2,200,000
Purchase consideration $ 595,797,000    
Estimated Weighted-Average Useful Life (in years) 4 years 10 months 24 days    
Business combination, acquisition related costs     $ 0
Observe, Inc. | RSUs | 2020 Equity Incentive Plan      
Business Combination [Line Items]      
RSUs granted (in shares) 212.0    
Observe, Inc. | RSUs | 2020 Equity Incentive Plan | Minimum      
Business Combination [Line Items]      
Requisite service period (years) 2 years    
Observe, Inc. | RSUs | 2020 Equity Incentive Plan | Maximum      
Business Combination [Line Items]      
Requisite service period (years) 4 years    
Observe, Inc.      
Business Combination [Line Items]      
Strategic investment, non-marketable equity securities   $ 25,000,000.0  
v3.26.1
Business Combinations - Schedule of Acquisition Date Fair Value of Purchase Consideration (Details) - Observe, Inc. - USD ($)
$ / shares in Units, $ in Thousands, shares in Millions
Feb. 02, 2026
Apr. 30, 2026
Business Combination [Line Items]    
Cash $ 285,729  
Common stock 285,348  
Fair value of Previously Held Observe Equity Interest 22,768  
Settlement of preexisting relationships 1,952  
Total $ 595,797  
Business acquisition, unsettled post-closing adjustments   $ 4,500
Business acquisition, equity interest issued or issuable (in shares) 1.5  
Business acquisition, share price (in dollars per share) $ 190.68  
v3.26.1
Business Combinations - Preliminary Allocation of Purchase Price to Assets Acquired and Liabilities Assumed (Details) - USD ($)
$ in Thousands
Feb. 02, 2026
Apr. 30, 2026
Jan. 31, 2026
Business Combination [Line Items]      
Goodwill   $ 1,537,185 $ 1,194,367
Observe, Inc.      
Business Combination [Line Items]      
Cash, cash equivalents, and restricted cash $ 37,818    
Accounts receivable $ 27,690    
Estimated Weighted-Average Useful Life (in years) 4 years 10 months 24 days    
Operating lease right-of-use assets $ 12,392    
Deferred revenue (44,373)    
Operating lease liabilities (12,124)    
Other net tangible liabilities (6,862)    
Deferred tax liabilities, net (6,562)    
Total identifiable net assets 252,979    
Goodwill 342,818    
Total purchase consideration 595,797    
Observe, Inc. | Developed technology      
Business Combination [Line Items]      
Finite-lived intangible assets $ 190,000    
Estimated Weighted-Average Useful Life (in years) 5 years    
Observe, Inc. | Customer relationships      
Business Combination [Line Items]      
Finite-lived intangible assets $ 35,000    
Estimated Weighted-Average Useful Life (in years) 5 years    
Observe, Inc. | Order backlog intangible asset      
Business Combination [Line Items]      
Finite-lived intangible assets $ 10,000    
Estimated Weighted-Average Useful Life (in years) 2 years    
Observe, Inc. | Brand intangible asset      
Business Combination [Line Items]      
Finite-lived intangible assets $ 10,000    
Estimated Weighted-Average Useful Life (in years) 5 years    
v3.26.1
Business Combinations - Pro Forma Information (Details) - Observe, Inc. - USD ($)
$ in Thousands
 3 Months Ended
Apr. 30, 2026
Apr. 30, 2025
Business Combination [Line Items]    
Revenue $ 1,390,951 $ 1,048,388
Net loss $ (299,985) $ (482,641)
v3.26.1
Intangible Assets and Goodwill - Schedule of Intangible Assets (Details) - USD ($)
$ in Thousands
Apr. 30, 2026
Jan. 31, 2026
Intangible Asset, Finite-Lived [Line Items]    
Gross $ 819,270 $ 574,270
Accumulated Amortization (368,339) (327,780)
Net 450,931 246,490
Indefinite-lived intangible assets—trademarks 426 426
Total intangible assets, net 451,357 246,916
Developed technology    
Intangible Asset, Finite-Lived [Line Items]    
Gross 524,963 334,963
Accumulated Amortization (173,379) (147,893)
Net 351,584 187,070
Customer relationships    
Intangible Asset, Finite-Lived [Line Items]    
Gross 51,400 16,400
Accumulated Amortization (10,771) (6,796)
Net 40,629 9,604
Developer community    
Intangible Asset, Finite-Lived [Line Items]    
Gross 154,900 154,900
Accumulated Amortization (124,964) (117,418)
Net 29,936 37,482
Assembled workforce    
Intangible Asset, Finite-Lived [Line Items]    
Gross 57,822 57,822
Accumulated Amortization (48,710) (46,909)
Net 9,112 10,913
Other    
Intangible Asset, Finite-Lived [Line Items]    
Gross 30,185  
Accumulated Amortization (10,515)  
Net $ 19,670  
Patents and other    
Intangible Asset, Finite-Lived [Line Items]    
Gross   10,185
Accumulated Amortization   (8,764)
Net   $ 1,421
v3.26.1
Intangible Assets and Goodwill - Narrative (Details) - USD ($)
$ in Thousands
 3 Months Ended
Apr. 30, 2026
Apr. 30, 2025
Jan. 31, 2026
Intangible Asset, Goodwill and Other [Abstract]      
Amortization expense $ 40,600 $ 24,100  
Goodwill $ 1,537,185   $ 1,194,367
v3.26.1
Intangible Assets and Goodwill - Schedule of Future Amortization Expense (Details) - USD ($)
$ in Thousands
Apr. 30, 2026
Jan. 31, 2026
Intangible Asset, Goodwill and Other [Abstract]    
Remainder of 2027 $ 122,932  
2028 127,055  
2029 80,397  
2030 66,885  
2031 53,084  
Thereafter 578  
Net $ 450,931 $ 246,490
v3.26.1
Intangible Assets and Goodwill - Schedule of Goodwill (Details)
$ in Thousands
 3 Months Ended
Apr. 30, 2026
USD ($)
Goodwill [Roll Forward]  
Beginning balance $ 1,194,367
Additions 342,818
Ending balance $ 1,537,185
v3.26.1
Accrued Expenses and Other Current Liabilities (Details) - USD ($)
$ in Thousands
Apr. 30, 2026
Jan. 31, 2026
Payables and Accruals [Abstract]    
Accrued compensation $ 244,581 $ 304,619
Accrued customer liabilities related to Snowflake Marketplace 149,692 122,893
Accrued third-party cloud infrastructure expenses 139,669 121,727
Liabilities associated with sales, marketing, and business development programs 68,071 54,462
Accrued taxes 21,295 35,640
Employee contributions under employee stock purchase plan 19,090 69,161
Accrued professional services 16,185 16,043
Employee payroll tax withheld on employee stock transactions 10,050 18,127
Accrued purchases of property and equipment 9,824 10,446
Other 136,177 126,419
Total accrued expenses and other current liabilities $ 814,634 $ 879,537
v3.26.1
Convertible Senior Notes - Narrative (Details)
 1 Months Ended 3 Months Ended
Sep. 30, 2024
USD ($)
day
$ / shares
Apr. 30, 2026
USD ($)
$ / shares
Apr. 30, 2025
USD ($)
$ / shares
Jan. 31, 2026
$ / shares
Debt Instrument [Line Items]        
Common stock, par value (in dollars per share) | $ / shares   $ 0.0001   $ 0.0001
Amortization of debt issuance costs   $ 2,080,000 $ 2,071,000  
Weighted-average price per share (in dollars per share) | $ / shares   $ 178.95 $ 152.63  
Shares Repurchased In Privately Negotiated Transactions Entered Into In Connection With Convertible Senior Notes        
Debt Instrument [Line Items]        
Aggregate purchase price $ 399,600,000      
Weighted-average price per share (in dollars per share) | $ / shares $ 112.50      
Debt Conversion Terms One        
Debt Instrument [Line Items]        
Common stock, par value (in dollars per share) | $ / shares $ 0.0001      
Convertible Senior Notes        
Debt Instrument [Line Items]        
Purchases of capped calls related to convertible senior notes $ 195,500,000      
Convertible Senior Notes | Call Option        
Debt Instrument [Line Items]        
Cap price (in dollars per share) | $ / shares $ 225.00      
Convertible Senior Notes | Convertible Debt        
Debt Instrument [Line Items]        
Face amount of debt issued $ 2,300,000,000      
Proceeds from convertible debt, net of issuance costs 2,270,000,000      
Debt issuance costs $ 31,200,000      
Redemption price, percentage of principal amount redeemed, under fundamental changes 1      
Amortization of debt issuance costs   $ 0    
Convertible Senior Notes | Convertible Debt | Debt Conversion Terms One        
Debt Instrument [Line Items]        
Threshold number of trading days | day 20      
Threshold number of consecutive trading days | day 30      
Threshold percentage of stock trading price 130.00%      
Convertible Senior Notes | Convertible Debt | Debt Conversion Terms Two        
Debt Instrument [Line Items]        
Threshold number of trading days | day 5      
Threshold number of consecutive trading days | day 10      
Threshold percentage of stock trading price 98.00%      
Convertible Senior Notes Due 2027 | Call Option        
Debt Instrument [Line Items]        
Cap price (in dollars per share) | $ / shares $ 225.00      
Convertible Senior Notes Due 2027 | Convertible Debt        
Debt Instrument [Line Items]        
Face amount of debt issued $ 1,150,000,000      
Stated interest percentage 0.00%      
Threshold percentage of stock price trigger 1.50      
Threshold number of trading days | day 20      
Threshold number of consecutive trading days | day 30      
Redemption price, percentage 100.00%      
Effective interest rate, percentage 0.04%      
Term (in months) (more than)   12 months    
Convertible Senior Notes Due 2029 | Call Option        
Debt Instrument [Line Items]        
Cap price (in dollars per share) | $ / shares $ 225.00      
Convertible Senior Notes Due 2029 | Convertible Debt        
Debt Instrument [Line Items]        
Face amount of debt issued $ 1,150,000,000      
Stated interest percentage 0.00%      
Threshold percentage of stock price trigger 1.30      
Threshold number of trading days | day 20      
Threshold number of consecutive trading days | day 30      
Redemption price, percentage 100.00%      
Effective interest rate, percentage 0.02%      
Term (in months) (more than)   12 months    
v3.26.1
Convertible Senior Notes - Summary of Convertible Notes (Details) - Convertible Debt
shares in Thousands
 1 Months Ended
Sep. 30, 2024
$ / shares
shares
Convertible Senior Notes Due 2027  
Debt Instrument [Line Items]  
Initial Conversion Rate per $1,000 principal 0.0063492
Initial conversion price (in dollars per share) | $ / shares $ 157.50
Initial number of shares (in thousands) | shares 7,302
Convertible Senior Notes Due 2029  
Debt Instrument [Line Items]  
Initial Conversion Rate per $1,000 principal 0.0063492
Initial conversion price (in dollars per share) | $ / shares $ 157.50
Initial number of shares (in thousands) | shares 7,302
v3.26.1
Convertible Senior Notes - Carrying Amounts and Fair Values of Convertible Notes (Details) - Convertible Debt
$ in Thousands
Apr. 30, 2026
USD ($)
Convertible Senior Notes Due 2027  
Debt Instrument [Line Items]  
Principal $ 1,149,997
Unamortized Debt Issuance Costs 7,401
Net Carrying Value 1,142,596
Convertible Senior Notes Due 2027 | Level 2  
Debt Instrument [Line Items]  
Fair Value 1,311,572
Convertible Senior Notes Due 2029  
Debt Instrument [Line Items]  
Principal 1,150,000
Unamortized Debt Issuance Costs 10,693
Net Carrying Value 1,139,307
Convertible Senior Notes Due 2029 | Level 2  
Debt Instrument [Line Items]  
Fair Value $ 1,351,058
v3.26.1
Convertible Senior Notes - Other Key Terms and Premiums Paid for Capped Calls (Details)
$ / shares in Units, shares in Thousands, $ in Thousands
 1 Months Ended
Sep. 30, 2024
USD ($)
$ / shares
shares
Convertible Senior Notes Due 2027 | Convertible Debt  
Option Indexed to Issuer's Equity [Line Items]  
Initial number of shares covered (in shares) | shares 7,302
Convertible Senior Notes Due 2029 | Convertible Debt  
Option Indexed to Issuer's Equity [Line Items]  
Initial number of shares covered (in shares) | shares 7,302
Call Option | Convertible Senior Notes Due 2027  
Option Indexed to Issuer's Equity [Line Items]  
Initial strike price (in dollars per share) $ 157.50
Initial cap price (in dollars per share) $ 225.00
Total premium paid | $ $ 94,300
Call Option | Convertible Senior Notes Due 2029  
Option Indexed to Issuer's Equity [Line Items]  
Initial strike price (in dollars per share) $ 157.50
Initial cap price (in dollars per share) $ 225.00
Total premium paid | $ $ 101,200
v3.26.1
Commitments and Contingencies - Narrative (Details)
 1 Months Ended 3 Months Ended 20 Months Ended
Apr. 30, 2026
USD ($)
Apr. 30, 2026
USD ($)
Apr. 30, 2025
USD ($)
Oct. 31, 2025
complaint
Feb. 28, 2026
USD ($)
Jan. 31, 2026
USD ($)
Other Commitments [Line Items]            
Increase (decrease) in operating lease liability   $ 27,900,000        
Increase (decrease) in operating lease right-of-use asset   27,900,000        
Lease not yet commenced $ 69,700,000 69,700,000        
Sublease income   0 $ 0      
Asset impairment related to office facility exits   17,724,000 106,488,000      
Cost of matching contributions   0 0      
Loss contingency accrual 0 0       $ 0
Letters of credit outstanding 32,900,000 32,900,000        
Third-Party Cloud Infrastructure Agreements, Minimum Spending Commitment            
Other Commitments [Line Items]            
Payment for other commitment $ 6,000,000,000.0 6,000,000,000.0        
Purchase commitment, contract term 5 years          
Indemnification Agreement            
Other Commitments [Line Items]            
Loss contingency, loss in period   $ 0 0      
US District Court Of California V Snowflake, Inc.            
Other Commitments [Line Items]            
Loss contingency, number of new claims filed | complaint       5    
Minimum            
Other Commitments [Line Items]            
Lease not yet commenced, term of contract (in years) 5 years 5 years        
Loss contingency, range of possible loss $ 0 $ 0        
Minimum | Third-Party Cloud Infrastructure Agreements, Minimum Spending Commitment            
Other Commitments [Line Items]            
Purchase obligation, to be paid, year one 900,000,000.0 900,000,000.0        
Purchase obligation, to be paid, year two 900,000,000.0 900,000,000.0        
Purchase obligation, to be paid, year three 900,000,000.0 900,000,000.0        
Purchase obligation, to be paid, year four 900,000,000.0 900,000,000.0        
Purchase obligation, to be paid, year five $ 900,000,000.0 $ 900,000,000.0        
Maximum            
Other Commitments [Line Items]            
Lease not yet commenced, term of contract (in years) 7 years 2 months 12 days 7 years 2 months 12 days        
Loss contingency, range of possible loss $ 25,000,000 $ 25,000,000        
Maximum | Third-Party Cloud Infrastructure Agreements, Minimum Spending Commitment            
Other Commitments [Line Items]            
Purchase obligation, to be paid, year one 1,250,000,000 1,250,000,000        
Purchase obligation, to be paid, year two 1,250,000,000 1,250,000,000        
Purchase obligation, to be paid, year three 1,250,000,000 1,250,000,000        
Purchase obligation, to be paid, year four 1,250,000,000 1,250,000,000        
Purchase obligation, to be paid, year five $ 1,250,000,000 1,250,000,000        
New Office Facility Lease In The US            
Other Commitments [Line Items]            
Lessee, operating lease, liability, to be paid         $ 52,000,000.0  
San Mateo Office Facility            
Other Commitments [Line Items]            
Operating lease, impairment loss   0 85,900,000      
San Mateo Office Facility | Leasehold Improvements And Furniture And Fixtures            
Other Commitments [Line Items]            
Asset impairment related to office facility exits   $ 0 $ 20,600,000      
v3.26.1
Equity - Narrative (Details)
 1 Months Ended 3 Months Ended 12 Months Ended 39 Months Ended
Feb. 01, 2026
shares
Aug. 31, 2024
USD ($)
Apr. 30, 2026
USD ($)
performance_period
$ / shares
shares
Apr. 30, 2025
USD ($)
$ / shares
shares
Jan. 31, 2024
shares
Apr. 30, 2026
USD ($)
shares
Jan. 31, 2026
USD ($)
shares
Jul. 03, 2025
vote_per_share
shares
Jul. 02, 2025
shares
Feb. 28, 2023
USD ($)
Share-based Compensation Arrangement by Share-based Payment Award                    
Common stock, shares authorized (in shares)     2,500,000,000     2,500,000,000 2,500,000,000      
Common stock, voting rights, votes per share | vote_per_share               1    
Stock repurchase program, authorized amount | $                   $ 2,000,000,000.0
Stock repurchase program, additional authorized amount | $   $ 2,500,000,000                
Number of shares repurchased (in shares)     1,676,000 3,214,000            
Aggregate purchase price | $     $ 299,999,000 $ 490,590,000            
Weighted-average price per share (in dollars per share) | $ / shares     $ 178.95 $ 152.63            
Stock repurchase program, remaining authorized repurchase amount | $     $ 802,700,000     $ 802,700,000        
Repurchases of common stock (in shares)         500,000          
Options granted (shares)     0 0            
Intrinsic value of shares exercised | $     $ 127,200,000 $ 129,500,000            
Grant date fair value of vested shares | $     $ 6,200,000 $ 7,700,000            
Expected dividend yield     0.00% 0.00%            
Capitalized stock-based compensation | $     $ 0 $ 0            
Unrecognized share-based compensation expense | $     $ 3,800,000,000     $ 3,800,000,000        
Unrecognized share-based compensation expense recognition period (term)     2 years 10 months 24 days              
2020 Equity Incentive Plan                    
Share-based Compensation Arrangement by Share-based Payment Award                    
Shares authorized (in shares) 17,200,000                  
ESPP Rights                    
Share-based Compensation Arrangement by Share-based Payment Award                    
Expected dividend yield     0.00% 0.00%            
ESPP Rights | 2020 Employee Stock Purchase Plan                    
Share-based Compensation Arrangement by Share-based Payment Award                    
Offering period     6 months              
Shares authorized (in shares) 3,400,000                  
Stock options                    
Share-based Compensation Arrangement by Share-based Payment Award                    
Vesting period (years)     4 years              
Expiration period (years)     10 years              
Equity-Classified Restricted Stock Units (RSUs)                    
Share-based Compensation Arrangement by Share-based Payment Award                    
Granted (in shares)     8,104,000              
Excluded (in shares)     100,000              
Equity-Classified Restricted Stock Units (RSUs) | 2020 Equity Incentive Plan                    
Share-based Compensation Arrangement by Share-based Payment Award                    
Vesting period (years)     4 years              
Liability-Classified Performance Shares | 2020 Equity Incentive Plan | Fiscal Year 2024 Acquisition                    
Share-based Compensation Arrangement by Share-based Payment Award                    
Vesting period (years)     4 years              
Cliff vesting period (in years)     1 year              
Shares available for grant (in shares)     1,700,000     1,700,000        
Stock-based compensation, liabilities | $     $ 0     $ 0 $ 0      
Equity-Classified Performance Shares, Fiscal 2027 Leadership PRSUs | 2020 Equity Incentive Plan                    
Share-based Compensation Arrangement by Share-based Payment Award                    
Vesting period (years)     3 years              
Granted (in shares)     600,000              
Performance target, percentage     200.00%              
Number of award performance periods | performance_period     3              
Award performance period (in years)     1 year              
Excluded (in shares)     100,000              
Equity-Classified Performance Shares, Fiscal 2027 Leadership PRSUs | 2020 Equity Incentive Plan | Maximum                    
Share-based Compensation Arrangement by Share-based Payment Award                    
Performance target, percentage     200.00%              
Equity-Classified Performance Shares, Fiscal 2027 Leadership PRSUs | 2020 Equity Incentive Plan | Minimum                    
Share-based Compensation Arrangement by Share-based Payment Award                    
Performance target, percentage     0.00%              
Equity-Classified Performance Shares | 2020 Equity Incentive Plan                    
Share-based Compensation Arrangement by Share-based Payment Award                    
Vesting period (years)           4 years        
Granted (in shares)           1,700,000        
Cliff vesting period (in years)           1 year        
Stock-based compensation, net of amounts capitalized | $     $ 8,200,000 $ 13,800,000            
Equity-Classified Performance Shares | 2020 Equity Incentive Plan | Maximum                    
Share-based Compensation Arrangement by Share-based Payment Award                    
Performance target, percentage           120.00%        
Equity-Classified Performance Shares | 2020 Equity Incentive Plan | Minimum                    
Share-based Compensation Arrangement by Share-based Payment Award                    
Performance target, percentage           0.00%        
Class B Common Stock                    
Share-based Compensation Arrangement by Share-based Payment Award                    
Common stock, shares authorized (in shares)               0 185,500,000  
v3.26.1
Equity - Shares Reserved For Future Issuance (Details) - shares
shares in Thousands
Apr. 30, 2026
Jan. 31, 2026
Share-based Compensation Arrangement by Share-based Payment Award    
Common stock reserved for future issuances (in shares) 150,674 132,860
2012 Equity Incentive Plan: | Stock options    
Share-based Compensation Arrangement by Share-based Payment Award    
Common stock reserved for future issuances (in shares) 11,442 12,274
2020 Equity Incentive Plan | Stock options    
Share-based Compensation Arrangement by Share-based Payment Award    
Common stock reserved for future issuances (in shares) 1,492 1,492
2020 Equity Incentive Plan | RSUs    
Share-based Compensation Arrangement by Share-based Payment Award    
Common stock reserved for future issuances (in shares) 25,988 21,537
2020 Equity Incentive Plan | Shares available for future grants    
Share-based Compensation Arrangement by Share-based Payment Award    
Common stock reserved for future issuances (in shares) 89,791 78,590
2020 Employee Stock Purchase Plan | ESPP Rights    
Share-based Compensation Arrangement by Share-based Payment Award    
Common stock reserved for future issuances (in shares) 21,961 18,967
v3.26.1
Equity - Schedule of Stock Repurchase Activity (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
 3 Months Ended
Apr. 30, 2026
Apr. 30, 2025
Share-Based Payment Arrangement [Abstract]    
Number of shares repurchased (in shares) 1,676 3,214
Weighted-average price per share (in dollars per share) $ 178.95 $ 152.63
Aggregate purchase price $ 299,999 $ 490,590
v3.26.1
Equity - Option Activity Rollforward (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
 3 Months Ended 12 Months Ended
Apr. 30, 2026
Jan. 31, 2025
Jan. 31, 2026
Number of Options Outstanding (in thousands)      
Shares outstanding, beginning (in shares) 13,766    
Exercised (in shares) (832)    
Shares outstanding, ending (in shares) 12,934    
Weighted- Average Exercise Price      
Shares outstanding, beginning balance (in dollars per share) $ 26.56    
Exercised (in dollars per share) 7.83    
Shares outstanding, ending balance (in dollars per share) $ 27.76    
Weighted-average remaining contractual life 2 years 10 months 24 days 3 years 1 month 6 days  
Aggregate Intrinsic Value (in thousands)      
Aggregate intrinsic value $ 1,466,097   $ 2,294,028
Vested and expected to vest, outstanding (in shares) 12,934    
Vested and expected to vest, weighted-average exercise price (in dollars per share) $ 27.76    
Vested and expected to vest, weighted-average remaining contractual life (in years) 2 years 10 months 24 days    
Vested and expected to vest, intrinsic value $ 1,466,097    
Exercisable (in shares) 12,351    
Exercisable, weighted-average exercise price (in dollars per share) $ 21.36    
Exercisable, weighted-average remaining contractual life (in years) 2 years 9 months 18 days    
Exercisable, intrinsic value $ 1,466,097    
v3.26.1
Equity - Unvested RSA & RSU Rollforward (Details)
shares in Thousands
 3 Months Ended
Apr. 30, 2026
$ / shares
shares
Equity-Classified Restricted Stock Units (RSUs)  
Number of Shares (in thousands)  
Unvested balance, beginning (in shares) 20,071
Granted (in shares) 8,104
Vested (in shares) (2,348)
Forfeited (in shares) (1,323)
Performance adjustment (in shares) (69)
Unvested balance, ending (in shares) 24,435
Weighted-Average Grant Date Fair Value per Share  
Unvested balance, beginning balance (in dollars per share) | $ / shares $ 162.66
Granted (in dollars per share) | $ / shares 167.23
Vested (in dollars per share) | $ / shares 159.65
Forfeited (in dollars per share) | $ / shares 157.80
Performance adjustment (in dollars per share) | $ / shares 143.91
Unvested balance, ending balance (in dollars per share) | $ / shares $ 164.78
Excluded (in shares) 100
2020 Equity Incentive Plan | Liability-Classified Performance Shares  
Number of Shares (in thousands)  
Unvested balance, beginning (in shares) 1,466
Forfeited (in shares) (31)
Unvested balance, ending (in shares) 1,435
Outside of the Plans | RCS  
Number of Shares (in thousands)  
Unvested balance, beginning (in shares) 516
Granted (in shares) 43
Vested (in shares) (25)
Unvested balance, ending (in shares) 534
Weighted-Average Grant Date Fair Value per Share  
Unvested balance, beginning balance (in dollars per share) | $ / shares $ 182.07
Granted (in dollars per share) | $ / shares 190.68
Vested (in dollars per share) | $ / shares 197.82
Unvested balance, ending balance (in dollars per share) | $ / shares $ 182.01
v3.26.1
Equity - Valuation Assumptions (Details)
 3 Months Ended
Apr. 30, 2026
Jan. 31, 2026
Apr. 30, 2026
Apr. 30, 2025
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology        
Expected dividend yield     0.00% 0.00%
ESPP Rights        
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology        
Expected term (in years)     6 months 6 months
Expected volatility     52.80% 54.10%
Risk-free interest rate     3.70% 4.30%
Expected dividend yield     0.00% 0.00%
Liability-Classified Performance Shares | 2020 Equity Incentive Plan        
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology        
Expected volatility 59.00% 50.00%    
Risk-free interest rate 3.70% 3.50%    
v3.26.1
Equity - Share-based Compensation (Details) - USD ($)
$ in Thousands
 3 Months Ended
Apr. 30, 2026
Apr. 30, 2025
Share-based Payment Arrangement, Expensed and Capitalized, Amount    
Total stock-based compensation $ 402,470 $ 379,460
Income Statement Location [Axis]: us-gaap:CostOfGoodsAndServicesSold    
Share-based Payment Arrangement, Expensed and Capitalized, Amount    
Stock-based compensation, net of amounts capitalized 33,780 33,815
Income Statement Location [Axis]: us-gaap:GeneralAndAdministrativeExpense    
Share-based Payment Arrangement, Expensed and Capitalized, Amount    
Stock-based compensation, net of amounts capitalized 32,929 37,216
Income Statement Location [Axis]: us-gaap:ResearchAndDevelopmentExpense    
Share-based Payment Arrangement, Expensed and Capitalized, Amount    
Stock-based compensation, net of amounts capitalized 237,752 220,913
Income Statement Location [Axis]: us-gaap:SellingAndMarketingExpense    
Share-based Payment Arrangement, Expensed and Capitalized, Amount    
Stock-based compensation, net of amounts capitalized $ 98,009 $ 87,516
v3.26.1
Income Taxes - Narrative (Details)
 3 Months Ended
Apr. 30, 2026
Apr. 30, 2025
Income Tax Disclosure [Abstract]    
Effective tax rate 0.40% (1.40%)
v3.26.1
Net Loss per Share - Narrative (Details) - shares
 3 Months Ended
Apr. 30, 2026
Apr. 30, 2025
Class of Stock [Line Items]    
Shares outstanding, basic (in shares) 345,391,000 332,657,000
Shares outstanding, diluted (in shares) 345,391,000 332,657,000
Class B Common Stock    
Class of Stock [Line Items]    
Shares outstanding, basic (in shares) 0 0
Shares outstanding, diluted (in shares) 0 0
v3.26.1
Net Loss per Share - Schedule of Basic and Diluted Net Loss per Share (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
 3 Months Ended
Apr. 30, 2026
Apr. 30, 2025
Numerator:    
Net income (loss) $ (295,571) $ (429,952)
Less: net income attributable to noncontrolling interest 0 140
Net loss attributable to Snowflake Inc. $ (295,571) $ (430,092)
Denominator:    
Weighted-average shares used in computing net loss per share attributable to Snowflake Inc. common stockholders - basic (in shares) 345,391 332,657
Weighted-average shares used in computing net loss per share attributable to Snowflake Inc. common stockholders - diluted (in shares) 345,391 332,657
Net loss per share attributable to Snowflake Inc. common stockholders - basic (in dollars per share) $ (0.86) $ (1.29)
Net loss per share attributable to Snowflake Inc. common stockholders - diluted (in dollars per share) $ (0.86) $ (1.29)
v3.26.1
Net Loss per Share - Schedule of Potentially Dilutive Securities Excluded from Computation of Net Loss per Share (Details) - shares
shares in Thousands
 3 Months Ended
Apr. 30, 2026
Apr. 30, 2025
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]    
Potentially dilutive securities excluded from computation of diluted net loss per share (in shares) 54,456 63,039
RSUs    
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]    
Potentially dilutive securities excluded from computation of diluted net loss per share (in shares) 25,988 26,633
Shares underlying the conversion option in the Notes    
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]    
Potentially dilutive securities excluded from computation of diluted net loss per share (in shares) 14,603 14,603
Stock options    
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]    
Potentially dilutive securities excluded from computation of diluted net loss per share (in shares) 12,934 20,806
Unvested restricted common stock    
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]    
Potentially dilutive securities excluded from computation of diluted net loss per share (in shares) 534 705
ESPP Rights    
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]    
Potentially dilutive securities excluded from computation of diluted net loss per share (in shares) 397 292
v3.26.1
Related Party Transactions (Details) - Related Party - USD ($)
 3 Months Ended
Apr. 30, 2025
Jan. 31, 2026
Related Party Transaction [Line Items]    
Strategic investment in non-marketable equity securities   $ 25,000,000.0
Revenue $ 0  
Accounts receivable   $ 0
v3.26.1
Subsequent Events (Details) - Nova - Forecast - Subsequent Event
$ in Millions
 1 Months Ended
Jun. 30, 2026
USD ($)
Subsequent Event [Line Items]  
Business combination, consideration transferred $ 110.0
Business combination, equity interest subject to vesting conditions 30.00%