Snowflake Inc. Cost of Revenue

Cost of Revenue of SNOW for past 10 years: annual, quarterly and twelve month trailing (TTM) including Cost of Revenue growth rates and interactive chart. Cost of revenue refers to the direct costs attributable to the production of the goods or supply of services by an entity. It is also commonly known as the “cost of goods sold (COGS)”. Cost of sales measures the cost of goods produced or services provided in a period by an entity. It includes the cost of the direct materials used in producing the goods, direct labor costs used to produce the good, along with any other direct costs associated with the production of goods. In case of services cost of sales includes the labor cost or salaries of the employees and other directly attributable costs. Cost of sales does not include indirect expenses such as distribution costs and marketing costs. It appears on the income statement and is deducted from the sales revenue for the calculation of gross profit (or gross margin).

Highlights and Quick Summary

  • Cost of Revenue for the quarter ending January 31, 2023 was $206 Million (a 7.83% increase compared to previous quarter)
  • Year-over-year quarterly Cost of Revenue increased by 39.02%
  • Annual Cost of Revenue for 2023 was $718 Million (a 56.52% increase from previous year)
  • Annual Cost of Revenue for 2022 was $458 Million (a 88.98% increase from previous year)
  • Annual Cost of Revenue for 2021 was $243 Million (a 108.13% increase from previous year)
  • Twelve month Cost of Revenue ending January 31, 2023 was $718 Million (a 11.06% increase compared to previous quarter)
  • Twelve month trailing Cost of Revenue increased by 40.97% year-over-year
Trailing Cost of Revenue for the last four month:
31 Jan '23 31 Oct '22 31 Jul '22 30 Apr '22
$718 Million $646 Million $576 Million $509 Million
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Historical Cost of Revenue of Snowflake Inc.

Most recent Cost of Revenueof SNOW including historical data for past 10 years.

Interactive Chart of Cost of Revenue of Snowflake Inc.

Snowflake Inc. Cost of Revenue for the past 10 Years (both Annual and Quarterly)

(All values are in $ million)

Year Q1 Q2 Q3 Q4 Fiscal Year
2023 $205.66 – – – $717.54
2022 $190.72 $173.23 $147.93 $134.18 $458.43
2021 $120.79 $106.12 $97.35 $82.9 $242.59
2020 $66.68 $50.45 $42.56 $34.52 $116.56
2019 – – – – $51.75

Business Profile of Snowflake Inc.

Sector: Technology
Industry: Software Application
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