Snowflake (SNOW) Cost of Revenue (2019 - 2026)

Snowflake's Cost of Revenue history runs 8 years deep, the most recent figure standing at $26.9 million for Q1 2026.

• In Q1 2026, Cost of Revenue rose 208.87% year-over-year to $26.9 million; the TTM figure through Jan 2026 stood at $1.4 billion (up 45.22% YoY), while the FY2026 annual figure was $1.5 billion, up 26.6% from the prior year.
• Cost of Revenue came in at $26.9 million for Q1 2026 at Snowflake, down from $550.4 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $735.0 million in Q1 2024 to a low of -$85.5 million in Q1 2023.
• A 5-year average of $273.3 million and a median of $272.5 million in 2024 frame the typical range for Cost of Revenue.
• Across the five-year window, Cost of Revenue slumped 142.06% in 2023 and soared 959.7% in 2024, its largest moves.
• Snowflake's Cost of Revenue stood at $190.7 million in 2022, then jumped by 86.18% to $355.1 million in 2023, then dropped by 9.63% to $320.9 million in 2024, then jumped by 71.51% to $550.4 million in 2025, then slumped by 95.11% to $26.9 million in 2026.
• According to Business Quant data, Cost of Revenue over the past three periods registered $26.9 million, $550.4 million, and $371.8 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

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