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Snowflake Inc. SNOW

Snowflake Inc. scores weak on business quality (4.4 of 10). Here is why, in plain words, and what our sealed record shows.

Last price$368.89Oct 9, 2026
Business qualityWeak
Next earningsDec 1, 2026, after the close
Insiders, 90 daysSelling

Why it matters

  1. What Snowflake Inc. does

    Snowflake sells cloud-based data storage, processing, and analytic solutions. Enterprises pay for data consumption across multiple public clouds to centralize their analytics.

  2. What it does best

    Snowflake delivers top decile of its sector revenue growth at 29.2%, outpacing peers like OKTA at 11.8%. Its platform locks in enterprise data pipelines through native multi-cloud sharing, making customer migration friction-heavy.

  3. The main risk

    A staggering negative operating margin of 22.7% highlights severe unprofitability despite $5.4B in revenue. If enterprise consumption growth cools, steep operating losses will drain cash reserves faster.

Quality, check by check

Scored against its own industry, from company filings.

ProfitabilityWeak

Operating margin sits at -22.7% and ROE is -53.6%, ranking in the bottom quartile of its sector. Losses are narrowing slowly, showing that scale has not yet unlocked operating leverage.

MoatWeak

A weak moat score of 2.7 reflects low switching barriers in early-stage enterprise data. Competitors like MongoDB offer rival developer ecosystems, keeping pricing power constrained.

GrowthFast

Revenue surged 29.2% to $5.4B, continuing a multi-year expansion from $2.8B in 2024. Growth is holding strong, though moderating slightly from hyper-scale historical rates.

Financial healthWeak

Snowflake holds $4.0B in cash against $2.3B in debt, generating $1.2B in free cash flow. The balance sheet remains liquid, but high debt-to-equity of 1.2 softens the position.

Insiders

Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.

3 sold $22.1M outside pre-planned sales.

Our sealed record on SNOW

Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.

The first sealed verdicts appear here on Oct 11, 2026.

Questions

Is SNOW a good business?

Snowflake Inc. scores weak on the Cluenex quality check (4.4 of 10), measured against its own industry. Profitability is weak, moat weak, growth fast and financial health weak.

Are insiders buying SNOW?

In the last 90 days of SEC Form 4 filings: 3 sold $22.1M outside pre-planned sales.

When does SNOW report earnings?

Dec 1, 2026, after the close.

For members

See SNOW today

  • Today's verdict on SNOW, and why
  • Fair value with cautious, base and optimistic cases
  • The exact price that would change the verdict
  • Which stocks each signal names, the night it fires
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Cite this page: Cluenex, “Snowflake Inc. (SNOW)”, https://cluenex.com/stocks/snow/, data as of Oct 10, 2026.