SN
Snowflake
SNOW · Technology
Company brief
SN
SNOWTechnology$65B

Snowflake

Data cloud platform. Unified data storage, processing, and sharing across clouds.

Moat score
72/100
13F status
Tracking pending
Main Metrics

Beginner valuation check

Price
$164
Next earnings
Data pending

Data pending from FMP or Finnhub.

1Y Performance
-14%

Negative price performance shows recent market sentiment, not a full investment thesis.

Forward P/E
88.0x

Forward P/E around 88.0x means investors pay about $88.0 for each expected $1 of future profit per share, usually the next 12 months or next fiscal year. It is a forecast, not a fact.

P/E
N/A

Trailing P/E is unavailable, often because earnings are negative or provider data is missing.

EPS
$-3.95
Market Cap
$54.4B
Forward P/E is the cleanest beginner valuation anchor here; compare it with growth and recent performance.

Source: market data index. As of May 21, 2026. P/E can be unavailable or misleading when earnings are negative.

Scenario Framework

Bull / Neutral / Bear

Neutral Case

The market continues to weigh Snowflake’s strong platform position against its demanding valuation, so the stock follows execution more than narrative.

Watch signal

Revenue growth holds up, but the market still focuses on whether the current forward P/E around 88.0x is justified by business quality.

What you own

Snowflake is exposure to data cloud platform with medium switching costs and 131% net revenue retention.

Base thesis

Leader in cloud data warehousing with strong product-market fit; compute-storage separation enables efficient scaling

Main risk

The main question is whether the company can keep customer value compounding without margin pressure eroding the moat.

How to inspect it

Use the simulator to walk through the workflows, systems, and data dependencies investors are effectively buying.

Business Lines

What's Inside

4
Roles
8
Screens
3
Tours
Play as Alex Rivera (Data Engineering)
Switch between Data Engineering, Analytics, Platform, Security
3 guided investor tours available
Investor Snapshot
72Moat Score
Net Revenue Retention131%
Retention RiskMedium
AI Disruption RiskMedium
Switching CostsMedium
13F Ownership
Tracking pending

No SEC-backed 13F rows are matched for this ticker yet. We do not fabricate ownership rows.

Investment Thesis
  • Leader in cloud data warehousing with strong product-market fit; compute-storage separation enables efficient scaling
  • Net revenue retention of 131% driven by consumption growth and workload expansion within accounts
  • Data sharing and Marketplace differentiate from legacy warehouses; network effects as data ecosystem grows
  • Medium switching costs: migration is feasible but non-trivial for large datasets and complex pipelines
  • AI/ML workloads (Cortex, Document AI) and Iceberg support expand TAM; medium disruption risk from AI-native data platforms
  • Competition from Databricks, BigQuery, and Redshift; growth deceleration and margin pressure in focus