snowflake revenue multiple

Snowflake . We are excited to announce that the new Snowflake Organizations feature is now available in public preview. A Snowflake Schema is an extension of a Star Schema, and it adds additional dimensions. Snowflake Reports Financial Results for the First Quarter of Fiscal 2022. NYSE: SNOW Earnings and Revenue Growth December 3rd, 2021 This view contains data from your HubSpot records. PDF Investor Presentation Primarily an enterprise solution, Snowflake leverages on direct sales. Snowflake is one of the most exciting companies in our coverage universe that is tied to the growth of the data and the analysis of the data within its platform. Snowflake's revenue in FYE 2020 represented just 1% of the firm's 2020 TAM. Snowflake Stock Looks Like Better Value After Q4 Results ... 148 customers with trailing 12-month product revenue greater than $1 million. Snowflake's cloud platform is . In its IPO prospectus, Snowflake disclosed its revenue rose 174% to $264.7 million in fiscal 2020 (it ended in January) and 121% annually during its July quarter to $133.1 million. Together, Amplitude and Snowflake solve organizational pain points around adoption, depth of insight and speed-to-action: Lightning-fast Queries: Amplitude enables every team to collaborate, experiment and make data-driven decisions in real-time by dropping query wait times from multiple seconds to milliseconds. SaaS businesses are valued on a multiple of their revenue - in most cases the projected revenue for the next 12 months. This is by no means cheap, even when considering Snowflake's . 3 Month Trailing Average: 15.9x Try Snowflake free for 30 days and experience the Data Cloud that helps eliminate the complexity, cost, and constraints inherent with other solutions. Free trial. A Snowflake Schema is an extension of a Star Schema, and it adds additional dimensions. With the mission to break down data silos. The company is projecting a full-year product revenue of US$1.126-1.131b) and a non-GAAP operating loss of -4%. It's, therefore, worth looking at Snowflake's earnings history below. Snowflake reported a net revenue-retention rate of 173% as of the end of the quarter on Oct. 31, and a remaining performance obligation of $1.8 billion, up 94% from last year and roughly in line . Snowflake stock now trades at about 75x projected FY'22 Revenue (FY ends January), well above the broader Internet software sector trading at a P/S multiple of about 15x. Organizations enable customers to easily manage their data, storage, and compute across multiple Snowflake accounts and even across regions and clouds. It added a net 1,660 subscription customers, raising the total to 13,080 . And remaining performance . Snowflake stock now trades at about 75x projected FY'22 Revenue (FY ends January), well above the broader Internet software sector trading at a P/S multiple of about 15x. Custom objects will be assigned an ID at the time of creation, and will be identified as 2-unique_ID.For example, 2-12345.Learn more about object_and_event_type_definitions.. object_with_object_properties. Primarily an enterprise solution, Snowflake leverages on direct sales. However, it's worth noting that shares of SNOW stock currently trade at a generous enterprise value to revenue multiple of 107X. CrowdStrike 's revenue accelerated 70% in the 2Q to $337.7M and subscription revenue increased by 71% YoY to $315.8M. The gains were driven in part by the . Overall, the multiples are high, but given the low interest rates and the growth of these companies, as evident from some of the numbers above, there is a clear path to justifying these valuations, although they do involve growing consistently over the next decade, and then generating FCFs of 30-35% of revenue. Pigment does this by first of all providing a wide range of connectors to integrate data from a variety of other platforms, including Snowflake, Netsuite, Looker, Workday, Salesforce, Google . Snowflake was already boasting incredibly lofty valuation multiples based on the offering price ($120) alone. It's also losing money on its bottom line, with . Update on Multiples. Shares of Snowflake Inc. sported their best performance in a year after the software company's latest earnings report was met with a flurry of praise. Analysts, on . The stock has climbed nearly 23% so far this year, with the latest jump higher prompted by blowout financial results released after . Numbers are rounded for presentation purposes. QUARTERLY REVENUE (MILLIONS) 124% YOY Growth ANNUAL REVENUE (MILLIONS) 117% YOY Growth Note: Fiscal year ends January 31. The gains were driven in part by the . The revenue growth required to justify its stock price means Snowflake will hold 46% of the its 2027 TAM. Multi-Cloud. The company runs through a consumption-based revenue model, enhanced by its professional services. Snowflake's platform is the engine that powers and provides access to the Data Cloud, creating a solution for data warehousing, data lakes, data engineering, data science, data application development, and data sharing. Snowflake is reporting impressive triple-digit revenue growth of 110% but also trades at a stunningly high price-to-sales (P/S) multiple over 100. Snowflake is a cloud-based platform whose vision is to enable organizations to have seamless access to explore, share, and unlock data value. Snowflake Schema in data warehouse is a logical arrangement of tables in a multidimensional database such that the ER diagram resembles a snowflake shape. Product sales, which make up more than 90% of Snowflake's revenue, will be $345 million to $350 million in the period ending in January, the company said Wednesday in a statement. Product revenue of $148.5 million, representing 115% year-over-year growth Remaining performance obligations of $927.9 million, representing 240% year-over-year growth 3,554 total customers Net revenue retention rate of 162% 65 customers with trailing 12-month product revenue greater than $1 million Snowflake (NYSE: SNOW), provider of the Data Cloud, today announced financial results for its . The company is expected to deliver total sales of $1.2 billion for the full year, with revenues projected to keep growing at 50% or more over the next few years. Multi-cloud is a cloud practice that entails the use of two or more cloud computing services. these non-GAAP financial measures to their nearest GAAP equivalents and for the calculation of certain other financial metrics. Revenu Securely share data across multiple public clouds with support for sharing from multi . Multiples shown below are calculated by taking the Enterprise Value (market cap + debt - cash) / NTM revenue. Product revenue of $312.5 million, representing 110% year-over-year growth Remaining performance obligations of $1.8 billion, representing 94% year-over-year growth 5,416 total customers Net revenue retention rate of 173% 148 customers with trailing 12-month product revenue greater than $1 million Snowflake (NYSE: SNOW), the Data Cloud company, today announced financial results for its third . Snowflake stock now trades at about 75x projected FY'22 Revenue (FY ends January), well above the broader Internet software sector trading at a P/S multiple of about 15x. The company has made progress on this: Customer growth in Q3 was 50%, but total revenue grew 110%, meaning that customer expansion counted for more than half of Snowflake's total revenue growth. The dimension tables are normalized which splits data into additional tables. Snowflake reported revenue growth of 103% year-over-year to $254.6 million in its Q2 2022 results. The dimension tables are normalized which splits data into additional tables. All in All, a . For fiscal 2023, the multiple to estimated sales of $1.88 billion is 55.0, and for 2024, it is 34.8 times estimated sales . Snowflake's 70% premium to the peer group median on enterprise value to expected revenue multiple bases is justified in part by the company's much higher growth rate. ): and 162% NRR (wow! If multiple institutions change their view on a stock simultaneously, you could see the share price drop fast. With the mission to break down data silos. 116 customers with trailing 12-month product revenue greater than $1 million. No-Headquarters/BOZEMAN, Mont., August 25, 2021 -- ( BUSINESS WIRE )--Snowflake (NYSE: SNOW), the Data Cloud company . Snowflake's product revenue from customers in the financial services industry grew more than 100% YoY* . Product revenue of $254.6 million, representing 103% year-over-year growth Remaining performance obligations of $1.5 billion, representing 122% year-over-year growth 4,990 total customers Net revenue retention rate of 169% 116 customers with trailing 12-month product revenue greater than $1 million Snowflake (NYSE: SNOW), the Data Cloud company, today announced financial results for its second . All in All, a . STRONG COMBINATION OF SCALE & GROWTH Product Revenue Professional Services and Other Revenue 11 It's more beneficial, therefore, to value Snowflake based on its revenue multiples. Snowflake is a cloud-based platform whose vision is to enable organizations to have seamless access to explore, share, and unlock data value. Valutico's broad tech revenue multiple applied to Snowflake yields a valuation of $3.5Bn using 2021 figures (2021 EV/Sales multiple applied: 5.51x), and even 2022 numbers, which assume over 100% top line growth and a 6.25x multiple only reach $7.2Bn, less than 10% of the current market cap. It's also losing money on its bottom line, with . See slide 16 for a definition of net revenue retention . That's a big milestone for software growth companies. No-Headquarters/BOZEMAN, Mont., December 01, 2021 -- ( BUSINESS WIRE )--Snowflake (NYSE: SNOW), the Data Cloud company . Founded in 2012, Snowflake is a data lake, warehousing, and sharing company that came public in 2020. Snowflake's revenue rocketed 110% year over year to $334.4 million. Valutico's broad tech revenue multiple applied to Snowflake yields a valuation of $3.5Bn using 2021 figures (2021 EV/Sales multiple applied: 5.51x), and even 2022 numbers, which assume over 100% top line growth and a 6.25x multiple only reach $7.2Bn, less than 10% of the current market cap. For the full 2022 fiscal year, Snowflake expects product revenue to come in the range between $1.126 billion to $1.131 billion, representing YoY growth between 103% and 104%. $1M+ product revenue customers is a measure of customers with greater than $1 million in trailing 12-month product revenue contribution as of October 31, 2021. As highlighted in the above tables, Snowflake has the highest valuation of the group and its multiple is more than 600% higher than the cloud median of 15x. Evaluate and compare key metrics for public cloud companies in the BVP Nasdaq Emerging Cloud Index. With shares more than doubling on the first day of trading, growth expectations are . A multi-cloud approach allows for enterprises to reap the specific benefits of different clouds, such as vendor variances in architecture and application features, and mitigate risks inherent to single-cloud storage. Snowflake has posted revenue growth rates above 100% every quarter. Non-GAAP results exclude stock compensation. Snowflake Schema in data warehouse is a logical arrangement of tables in a multidimensional database such that the ER diagram resembles a snowflake shape. Snowflake News. That was well above Wall Street's estimates, which had called for sales of $305.6 million. Multi-cloud is a cloud practice that entails the use of two or more cloud computing services. Snowflake Stock Trades At High Multiple Of Estimated Revenue Analyst estimates called for Snowflake to report a non-GAAP, adjusted loss of 15 cents. To date, the company has over 3,000 customers including nearly 30% of the Fortune 500 as its customers. Amplitude, Inc. (Nasdaq: AMPL), a pioneer in digital optimization, today announced the availability of a new product integration and partnership with Snowflake's sales to enterprise value multiple for fiscal 2022 is 90.3. Product revenue of $213.8 million, representing 110% year-over-year growth. Explore the Index. Revenue: US$334.41M (beat by US$28.28m) Revenue Growth: +109.5 Y/Y. While ARR is still "only" $850m, the growth numbers seem to justify the incredible revenue multiple: 110% YoY growth at $850m ARR (wow!) Snowflake reported a net revenue-retention rate of 173% as of the end of the quarter on Oct. 31, and a remaining performance obligation of $1.8 billion, up 94% from last year and roughly in line . Taking the $10B revenue by 2028 as base case, and assigning a 20x P/S multiple (which certainly isn't exceptional for a >30% growth company with high margins), then Snowflake's valuation could . Snowflake . Available on all three major clouds, Snowflake supports a wide range of workloads, such as data warehousing, data lakes, and data science. The company runs through a consumption-based revenue model, enhanced by its professional services. Equity Waterfall: Benchmark Companies (in millions) ACN: ORCL: MSFT: SAP: INTC: IBM: Enterprise Value: 195,935: 286,140: 2,101,408: 146,363: 222,246: 176,354 (+) Cash . Powered by that stickiness, revenue surged 104% to $272 million. But SNOW stock is unprofitable on the two most common accounting standards. Snowflake (NYSE: SNOW), the Data Cloud company, today announced the finalists and winners of the third-annual Data Drivers Awards for North America, t The stock surged over 15% on the news, partially reversing the recent sell-off that erased 23% of the company's value. Overall Stats: Overall Median: 16.0x. Analysts, on . Snowflake General Information Description. Top 5 Median: 74.7x. Snowflake is the only data warehouse built for the cloud, enabling the data-driven enterprise with instant elasticity, secure data sharing and per-second pricing, across multiple clouds. Queries to this table return one row for each record within an object (e.g., all contact records in the contacts object). However, it's worth noting that shares of SNOW stock currently trade at a generous enterprise value to revenue multiple of 107X. Snowflake is the only data warehouse built for the cloud, enabling the data-driven enterprise with instant elasticity, secure data sharing and per-second pricing, across multiple clouds. Multi-Cloud. Our price target of $400, or 35x EV/CY23 revenue, prices SNOW relatively in line on a growth-adjusted basis vs. other +30% growth stories in software," the analyst said in a client note . Atlassian is trading at 32 times forecast revenue, Airbnb at 14.1 times and Snowflake has gotten even loftier, with a forward-looking revenue multiple of 96 times, based on analyst forecasts. Taking the $10B revenue by 2028 as base case, and assigning a 20x P/S multiple (which certainly isn't exceptional for a >30% growth company with high margins), then Snowflake's valuation could . Snowflake (NYSE: SNOW), the Data Cloud company, today announced financial results for its third quarter of fiscal 2022, ended October 31, 2021. Wherever data or users live, Snowflake delivers a single and seamless experience across multiple public clouds. Snowflake's revenue rocketed 110% year over year to $334.4 million. Snowflake shares SNOW, +0.92% rose 15.9% in . This is by no means cheap, even when considering Snowflake's . And it posted a retention rate of 169%, meaning the average customer spent 69% more over the past year. That was well above Wall Street's estimates, which had called for sales of $305.6 million. Metrics include: Forward Revenue Multiple, Revenue Multiple, Revenue Growth Rate, LTM FCF Margin, Efficiency Score, and Gross Margin. Snowflake stock now trades at about 75x projected FY'22 Revenue (FY ends January), well above the broader Internet software sector trading at a P/S multiple of about 15x. A multi-cloud approach allows for enterprises to reap the specific benefits of different clouds, such as vendor variances in architecture and application features, and mitigate risks inherent to single-cloud storage. Snowflake is reporting impressive triple-digit revenue growth of 110% but also trades at a stunningly high price-to-sales (P/S) multiple over 100. Growth Adjusted EV/Fwd Revenue (EV/Fwd . Snowflake (ticker: SNOW) rose more than 11% Thursday to $346.67. Product sales, which make up more than 90% of Snowflake's revenue, will be $345 million to $350 million in the period ending in January, the company said Wednesday in a statement. Snowflake stock now trades at about 75x projected FY'22 Revenue (FY ends January), well above the broader Internet software sector trading at a P/S multiple of about 15x. Snowflake is nearing an annual revenue run-rate of $1 billion. Through a new ORGADMIN role, customers can now: Overall, the multiples are high, but given the low interest rates and the growth of these companies, as evident from some of the numbers above, there is a clear path to justifying these valuations, although they do involve growing consistently over the next decade, and then generating FCFs of 30-35% of revenue. . Remaining performance obligations of $1.4 . Snowflake (SNOW) is a growth stock valued at 9.6x EV/sales FY29E with significant downside and upside risk depending primarily on revenue growth trajectory. It's earned it. Find out all the key statistics for Snowflake Inc. (SNOW), including valuation measures, fiscal year financial statistics, trading record, share statistics and more. For the full 2022 fiscal year, Snowflake expects product revenue to come in the range between $1.126 billion to $1.131 billion, representing YoY growth between 103% and 104%. I would rather pay a high multiple for free cash flow already booked than pay a high . Snowflake was one of the hottest IPOs in Cloud ever in 2020, rocketing to an $85B+ market cap today! Sales < /a > Explore the Index added a net 1,660 subscription customers, raising the total to.! Grow into its Valuation one row for each record within an object ( e.g., all contact records the!: is it a Buy Right now we are excited to announce that the new Snowflake Organizations feature is available! Revenue surged 104 % to $ 272 million of trading, growth expectations are analysts.... > Can Snowflake Grow into its Valuation two or more cloud computing services reported growth. Q2 2022 results Q2 2022 results its Q2 2022 results year, with the latest jump higher prompted blowout., with justify its Stock price means Snowflake will hold 46 % of the 2027. By taking the enterprise Value ( market cap + debt - cash /!, which had called for sales of $ 305.6 million in 2020 reported revenue growth,! Or more cloud computing services from multi it & # x27 ; s estimates, which had called snowflake revenue multiple of... % year-over-year to $ 254.6 million in its Q2 2022 results public cloud companies in the contacts object...., representing 110 % year-over-year to $ 272 million Guidance Edges... < /a > Snowflake Stock Tumbles As revenue... Worth looking at Snowflake & # x27 ; s also losing money on its bottom line, with data storage... Is by no means cheap, even when considering Snowflake & # x27 ; s Snowflake accounts and even regions... Its customers Update on Multiples even across regions and clouds the next 12 months Stock is on. /A > Update on Multiples extension of a Star Schema, and compute multiple. % to $ 272 million of a Star Schema, and Gross Margin, growth are! In 2020 % so far this year, with software growth companies revenue Guidance Edges... < /a > non-GAAP!: //www.fool.com/investing/2020/09/18/can-snowflake-grow-into-its-valuation/ '' > Snowflake Stock: is it a Buy Right now the first of... Ntm revenue table return one row for each record within an object ( e.g., all contact in. Excited to announce that the new Snowflake Organizations feature is now available in public preview: //finbox.com/NYSE: ''... Ebitda Multiples for International Business Machines... < /a > these non-GAAP financial to! //Finbox.Com/Nyse: IBM/models/ebitda-multiples '' > Can Snowflake Grow into its Valuation of US $ 1.126-1.131b and. Street & # x27 ; s estimates, which had called snowflake revenue multiple of. Enterprise solution, Snowflake leverages on direct sales href= '' https: //www.investors.com/news/technology/snowflake-snow-stock-buy-now/ '' Can... Buy Right now, and it adds additional dimensions cloud companies in the contacts object ) operating. Doubling on the first day of trading, growth expectations are has posted revenue growth Rate LTM! Are normalized which splits data into additional tables clouds with support for sharing from multi see slide for. Sales of $ 305.6 million rose 15.9 % in product revenue of US 1.126-1.131b! & # x27 ; s also losing money on its bottom line with... 23 % so far this year, with, Efficiency Score, and it adds additional dimensions company has 3,000. 15.9 % in now available in public preview, +0.92 % rose 15.9 % in data... Rate, LTM FCF Margin, Efficiency Score snowflake revenue multiple and it adds additional dimensions net! 110 % year-over-year to $ 254.6 million in its Q2 2022 results data across multiple Snowflake accounts even. Is projecting a full-year product revenue of US $ 1.126-1.131b ) and a non-GAAP loss... Rate, LTM FCF Margin, Efficiency Score, and compute across multiple public clouds with for... Taking the enterprise Value ( market cap + debt - cash ) / NTM revenue which splits data into tables! The Stock has climbed nearly 23 % so far this year, with the latest jump higher prompted by financial... Of US $ 1.126-1.131b ) and a non-GAAP operating loss of -4 % the latest jump higher prompted by financial! A non-GAAP operating loss of -4 %: //finance.yahoo.com/news/snowflake-jumps-rosy-forecast-data-213147345.html '' > EBITDA Multiples International! Even across regions and clouds valued on a multiple of their revenue - in most cases the projected revenue the... Analysts Think... < /a > Explore the Index for International Business Machines... < /a > these non-GAAP measures! Forward revenue multiple, revenue surged 104 % to $ 254.6 million in its Q2 2022.! Financial measures to their nearest GAAP equivalents and for the calculation of certain other financial metrics below... 23 % so far this year, with, revenue growth of 103 % year-over-year to $ 254.6 in.: IBM/models/ebitda-multiples '' > Snowflake Stock Tumbles As product revenue of US $ 1.126-1.131b and! //Www.Investors.Com/News/Technology/Snowflake-Stock-Snowflake-Earnings-Snow-Q12021/ '' > Can Snowflake Grow into its Valuation //www.investors.com/news/technology/snowflake-stock-snowflake-earnings-snow-q12021/ '' > Snowflake Stock is Soaring Post-Earnings multiple... Reported revenue growth rates above 100 % every quarter As product revenue Guidance Edges... < /a > on! Means Snowflake will hold 46 % of the Fortune 500 As its.! Date, the company is projecting a full-year product revenue Guidance Edges... < /a > Update on.... Multiples for International Business Machines... < /a > Update on Multiples practice that entails the use of two more..., warehousing, and compute across multiple public clouds with support for sharing from multi multiple of revenue. Additional dimensions saas businesses are valued on a multiple of their revenue - snowflake revenue multiple most cases the projected for!, the company runs through a consumption-based revenue model, enhanced by its professional.... Primarily snowflake revenue multiple enterprise solution, Snowflake leverages on direct sales As product revenue of US $ ). For data snowflake revenue multiple sales < /a > these non-GAAP financial measures to their GAAP. '' > Snowflake Stock is Soaring Post-Earnings revenue of $ 305.6 million that entails the use of or! % every quarter are excited to announce that the new Snowflake Organizations feature is now available in public.. 23 % so far this year, with % so far this year, with the latest jump higher by! Is now available in public preview records in the BVP Nasdaq Emerging cloud.! Stock price means Snowflake will hold 46 % of the Fortune 500 As its customers Snowflake and... A cloud practice that entails the use of two or more cloud computing services are. Margin, Efficiency Score snowflake revenue multiple and it adds additional dimensions calculation of certain financial. Means Snowflake will hold 46 % of the its 2027 TAM at Snowflake & x27..., storage, and Gross Margin, and Gross Margin into its Valuation cloud companies the! Company runs through a consumption-based revenue model, enhanced by its professional services of $ 305.6.., LTM FCF Margin, Efficiency Score, and it adds additional dimensions /a > Update on Multiples the..., Snowflake is a cloud practice that entails the use of two or cloud! Revenue of US $ 1.126-1.131b ) and a non-GAAP operating loss of -4 % each record an! Revenue of $ 305.6 million pay a high multiple for free cash flow already booked than pay a high -. A multiple of their revenue - in most cases the projected revenue for the next 12 months Stock Tumbles product. Star Schema, and it adds additional dimensions $ 272 million projected revenue for the 12. Into its Valuation Multiples for International Business Machines... < /a > Explore the Index growth required to its. Snowflake reported revenue growth Rate, LTM FCF Margin, Efficiency Score, and it adds additional dimensions revenue US. Most common accounting standards total to 13,080 an enterprise solution, Snowflake leverages on direct sales 305.6 million 2022.... $ 254.6 million in its Q2 2022 results this year, with the latest jump higher prompted blowout... All contact records in the contacts object ) a net 1,660 subscription customers, the...: //www.investors.com/news/technology/snowflake-stock-snowflake-earnings-snow-q12021/ '' > Snowflake Stock is Soaring Post-Earnings records in the BVP Nasdaq Emerging cloud Index on! Shares more than doubling on the two most common accounting standards the its 2027 TAM Stock climbed! That came public in 2020 //www.investors.com/news/technology/snowflake-snow-stock-buy-now/ '' > Snowflake News powered by that stickiness, revenue 104. Line, with Explore the Index x27 ; s earnings history below Think... Would rather pay a high runs through a consumption-based revenue model, enhanced by professional... As product revenue of $ 213.8 million, representing 110 % year-over-year to $ 254.6 million its... Companies in the contacts object ) date, the company runs through a consumption-based revenue model enhanced. Practice that entails the use of two or more cloud computing services worth. Means cheap, even when considering Snowflake & # x27 ; s also losing money on its line! Growth Rate, LTM FCF Margin, Efficiency Score snowflake revenue multiple and sharing company that came public in 2020 storage and! Enhanced by its professional services definition of net revenue retention solution, Snowflake leverages on direct.. Total to 13,080 Multiples shown below are calculated by taking the enterprise Value ( market cap debt. Forecast for data software sales < /a > Explore the Index see slide 16 for definition. Its Valuation Jumps on snowflake revenue multiple Forecast for data software sales < /a > these non-GAAP measures! Fortune 500 As its customers new Snowflake Organizations feature is now available in public.... Had called for sales of $ 213.8 million, representing 110 % year-over-year to $ 272.! S a big milestone for software growth companies even across regions and clouds Think... < /a Snowflake! The Index the revenue growth required to justify its Stock price means Snowflake will hold 46 % of its! A definition of net revenue retention cap + debt - cash ) / NTM revenue date, the has.... < /a > these non-GAAP financial measures to their nearest GAAP equivalents and the... $ 254.6 million in its Q2 2022 results ) and a non-GAAP operating loss of %. And sharing company that came public in 2020 the total to 13,080 -4 % and it adds additional dimensions Forward! Company that came public in 2020 from multi an object ( e.g. all...