Snowflake’s Total Number of Customers (2020 – 2022)

Exclusive Data

You need the Pro Plan for unlimited access.

Pro Plan

$49 per month*

60% discount ends in:

00
Days
00
Hours
00
Mins.
00
Seconds

.

Download

About

This chart shows Snowflake’s Total Number of Customers, including its Customers with trailing twelve month product revenue greater than $1 million, reported on a quarterly basis.
Subscribe to Pro or Enterprise plans to unlock this feature.
More information
Subscribe to Pro or Enterprise plans to unlock this feature.
Contact the Analyst
Share on facebook
Share on twitter
Share on linkedin
Share on email
Share on reddit
Share on facebook
Share on twitter
Share on linkedin
Share on email

Become a smarter investor today.

Access Business Quant for as low as $19/month

Become a smarter investor today.

Access KPIs & Segment Financials on US stocks

This chart shows Snowflake’s Total Number of Customers, including its Customers with trailing twelve month product revenue greater than $1 million, reported on a quarterly basis.

Snowflake’s Total Number of Customers

The following table highlights Snowflake’s Total Number of Customers for Q2 2021, Q1 2022 & Q2 2022:

Breakdown Q3 2021  Q2 2022  Q3 2022 
Customers with trailing 12-month product revenue>$1 million 65 116 148
Total customers 3554 4990 5416

Customers with Trailing 12-Month Product Revenue > $1 Million

Snowflake counts the number of customers under capacity arrangements that contributed more than $1 million in product revenue in the trailing 12 months. This was done as a measure to scale with their customers and attract large enterprises to their platform. 

Compared with smaller customers, large customers present a greater opportunity for Snowflake to sell additional capacity because these customers have larger budgets, a wider range of potential use cases, and greater potential for migrating new workloads to Snowflake’s platform over time. Large customer relationships lead to scale and operating leverage in their business model. This customer count is adjusted for consolidations, acquisitions, spin-offs, and other market activities.

On a QoQ basis, the customer count under this category increased by 32, which is a 27% increase. Even on a YoY basis, there was an increase of 83, which is a 127% growth.

Total Customers

At the end of each period, Snowflake counts the total number of customers. For purposes of determining their customer count, they treat each customer account with a different count. Those accounts having end-customers under a reseller arrangement, that have at least one corresponding capacity contract are treated as unique customers. However, a single organization with multiple divisions, segments, or subsidiaries may be counted as multiple customers. Even here, customer count is adjusted for consolidations, acquisitions, spin-offs, and other market activities. The customers that use the platform only under on-demand arrangements are not included in this count. 

Snowflake’s platform is used globally by a broad range of industries and has been adopted by many organizations for their cloud and data transformation initiatives. As of January 31, 2021, their total customers included 186 of the Fortune 500, based on the 2020 Fortune 500 list. These customers contributed approximately 27% of their total revenue for the fiscal year ended January 31, 2021.

It is to be noted that, this statistic is really important, as the number of customers is an essential indicator of the growth of any business and future revenue trends. On a QoQ basis, there was an increase of 8.5% in the total customer count. Even on a YoY basis, the total customer count increased by more than 52%.

About the Company

Snowflake Inc. delivers a data cloud ecosystem where its customers, partners, data providers, and data consumers can break down data silos and derive value from rapidly growing data sets in secure, governed, and compliant ways. It is listed on the NYSE with the stock ticker SNOW.

Snowflake’s platform is an innovative technology that enables customers to consolidate data to drive meaningful business insights, build data-driven applications, and share data. They provide their platform through a customer-centric, consumption-based business model, wherein customers are charged only for the resources they use.

In September 2020, Snowflake completed its IPO in which it issued and sold 32,200,000 shares of its Class A common stock at $120.00 per share. They received net proceeds of $3700 million after deducting underwriting discounts. Salesforce Ventures LLC and Berkshire Hathaway Inc. each purchased 2,083,333 shares of the Class A common stock at $120.00 per share. Also under the terms of their amended and restated certificate of incorporation, on March 1, 2021, all shares of then-outstanding Class B common stock were automatically converted into the equivalent number of common stock of Class A shares. 

Did you like Snowflake’s Total Number of Customers statistic?

Access more such key performance indicator (KPI) data points and segment financials, on thousands of US stocks, with Business Quant.

You can get started here.

Read more

Access Segment financials and KPI data on US stocks

Our Plans

Always know what you’ll pay. No hidden costs or surprises.

  • Annual
  • Monthly

Basic

Get to know us

  • Access only basic data
  • This statistic is not included The statistic that you're currently viewing, is not included in the Basic plan. Please subscribe to the Pro plan to access this statistic.
$0
per month
Start for Free

60% discount until May 22

Pro

For serious investing

  • This statistic is included Instant access to all the data and features on the Business Quant platform. This also includes access to the statistic that you're currently viewing.
  • Granular KPI data Access segment financials, non-GAAP metrics and KPI data from presentations and filings. Examples include financials by segment / region / product category, AT&T's broadband subscriber trends, Tesla's deliveries by model and lots more.
  • Stock research tools Features include : Stock screener, Stock comparison, sector financials, stock warnings, advanced charting tools, financial statements dating back 10+ years, stock reports, SEC filings and stock ratings. There are 200+ financial items and ratios on thousands of US stocks.
  • Industry data & tools Access premium operating data on 40+ industries. Examples include market share, smartphone shipments by vendor, subscribers by wireless carrier, historical gold production. There are 20,000+ such statistics.
$49
$19
per month*
Buy Now

Enterprise

For tailored workflows

  • All of Pro plan Get unfettered access to all our dashboards and dossiers.
  • Custom built features Get tailored dashboards built specially for you , based on your set of requirements, to simplify your research workflow.
$99
per month, onwards*
Contact Us

* Billed annually, local taxes extra. 

Basic

Get to know us

  • Access only basic data
  • This statistic is not included The statistic that you're currently viewing, is not included in the Basic plan. Please subscribe to the Pro plan to access this statistic.
$0
per month
Start for Free

60% discount on Annual plan

Pro

For serious investing

  • This statistic is included Instant access to all the data and features on the Business Quant platform. This also includes access to the statistic that you're currently viewing.
  • Granular KPI data Access segment financials, non-GAAP metrics and KPI data from presentations and filings. Examples include financials by segment / region / product category, AT&T's broadband subscriber trends, Tesla's deliveries by model and lots more.
  • Stock research tools Features include : Stock screener, Stock comparison, sector financials, stock warnings, advanced charting tools, financial statements dating back 10+ years, stock reports, SEC filings and stock ratings. There are 200+ financial items and ratios on thousands of US stocks.
  • Industry data & tools Access premium operating data on 40+ industries. Examples include market share, smartphone shipments by vendor, subscribers by wireless carrier, historical gold production. There are 20,000+ such statistics.
$49
per month*
Buy Now

Enterprise

For tailored workflows

  • All of Pro plan Get unfettered access to all our features.
  • Custom built features Get tailored dashboards built specially for you , based on your set of requirements, to simplify your research workflow.
$99
per month, onwards*
Contact Us

* Local taxes extra. 

BQ Star Yellow 60%

Get Pro for 60% off

  • Access all features immediately
  • Datasets updated every day
  • Export data in CSV and XLSX formats

Offer Ends In

Starting from $49 $19 / month

.