Snowflake Revenues: How Does SNOW Make Money?
Last Updated: 3/14/2025
Snowflake's Product segment will make 94% of $2.8 Bil in total revenues for the company over FY2024 and remains key to its revenue growth over the coming years
Snowflake's Business Model
Snowflake's Revenues have seen a dramatic increase of 248.8% from around $592 Mil in FY2021 to $2.1 Bil in FY2023
We expect it to increase to $2.8 Bil in FY2024
Revenue growth of about $1.5 Bil over 2021-2023
A.) Product has increased from $554 Mil in FY2021 to $1.9 Bil in FY2023
We expect it to grow 37% to $2.7 Bil in FY2024
B.) Professional Services And Other has increased from $38 Mil in FY2021 to $127 Mil in FY2023
We expect it to grow 26% to $160 Mil in FY2024
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