XML 40 R29.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Equity (Tables) | 6 Months Ended
--- | ---
Jul. 31, 2022
Share-Based Payment Arrangement [Abstract] |
Schedule of Shares Reserved For Future Issuance | The Company had reserved shares of common stock for future issuance as follows (in thousands):
| July 31, 2022 |  | January 31, 2022
2012 Equity Incentive Plan: |  |  |
Options outstanding | 37,521 |  |  | 42,043 |
Restricted stock units outstanding | 3,493 |  |  | 4,530 |
2020 Equity Incentive Plan: |  |  |
Options outstanding | 642 |  |  | — |
Restricted stock units outstanding | 10,844 |  |  | 5,082 |
Shares available for future grants | 55,207 |  |  | 45,446 |
2020 Employee Stock Purchase Plan: |  |  |
Shares available for future grants | 11,148 |  |  | 8,209 |
Total shares of common stock reserved for future issuance | 118,855 |  |  | 105,310 |
Option Activity Rollforward | A summary of stock option activity and activity regarding shares available for grant under the Plans during the six months ended July 31, 2022 is as follows:
| Shares Available for Grant (in thousands) |  | Number of Options Outstanding (in thousands) |  | Weighted- Average Exercise Price |  | Weighted-Average Remaining Contractual Life (in years) |  | Aggregate Intrinsic Value (in thousands)
Balance—January 31, 2022 | 45,446 |  |  | 42,043 |  |  | $ | 7.53 |  |  | 6.9 |  | $ | 11,283,299 |
Shares authorized | 15,619 |  |  | — |  |  | $ | — |  |  |  |  |
Options granted | (642) |  |  | 642 |  |  | $ | 207.56 |  |  |  |  |
Options exercised | — |  |  | (2,448) |  |  | $ | 6.18 |  |  |  |  |
Options canceled | 400 |  |  | (400) |  |  | $ | 6.98 |  |  |  |  |
RSUs granted | (5,763) |  |  | — |  |  |  |  |  |  |
Shares withheld related to net share settlement of RSUs | 292 |  |  | — |  |  |  |  |  |  |
RSUs forfeited | 327 |  |  | — |  |  |  |  |  |  |
Balance—April 30, 2022 | 55,679 |  |  | 39,837 |  |  | $ | 10.84 |  |  | 6.7 |  | $ | 6,421,133 |
Options exercised | — |  |  | (1,494) |  |  | $ | 5.65 |  |  |  |  |
Options canceled | 180 |  |  | (180) |  |  | $ | 7.32 |  |  |  |  |
RSUs granted | (1,374) |  |  | — |  |  |  |  |  |  |
Shares withheld related to net share settlement of RSUs | 260 |  |  | — |  |  |  |  |  |  |
RSUs forfeited | 462 |  |  | — |  |  |  |  |  |  |
Balance—July 31, 2022 | 55,207 |  |  | 38,163 |  |  | $ | 11.06 |  |  | 6.5 |  | $ | 5,336,155 |
Vested and exercisable as of July 31, 2022 |  |  | 26,233 |  |  | $ | 7.39 |  |  | 6.2 |  | $ | 3,741,879 |
Option Rollforward Schedule | A summary of stock option activity and activity regarding shares available for grant under the Plans during the six months ended July 31, 2022 is as follows:
| Shares Available for Grant (in thousands) |  | Number of Options Outstanding (in thousands) |  | Weighted- Average Exercise Price |  | Weighted-Average Remaining Contractual Life (in years) |  | Aggregate Intrinsic Value (in thousands)
Balance—January 31, 2022 | 45,446 |  |  | 42,043 |  |  | $ | 7.53 |  |  | 6.9 |  | $ | 11,283,299 |
Shares authorized | 15,619 |  |  | — |  |  | $ | — |  |  |  |  |
Options granted | (642) |  |  | 642 |  |  | $ | 207.56 |  |  |  |  |
Options exercised | — |  |  | (2,448) |  |  | $ | 6.18 |  |  |  |  |
Options canceled | 400 |  |  | (400) |  |  | $ | 6.98 |  |  |  |  |
RSUs granted | (5,763) |  |  | — |  |  |  |  |  |  |
Shares withheld related to net share settlement of RSUs | 292 |  |  | — |  |  |  |  |  |  |
RSUs forfeited | 327 |  |  | — |  |  |  |  |  |  |
Balance—April 30, 2022 | 55,679 |  |  | 39,837 |  |  | $ | 10.84 |  |  | 6.7 |  | $ | 6,421,133 |
Options exercised | — |  |  | (1,494) |  |  | $ | 5.65 |  |  |  |  |
Options canceled | 180 |  |  | (180) |  |  | $ | 7.32 |  |  |  |  |
RSUs granted | (1,374) |  |  | — |  |  |  |  |  |  |
Shares withheld related to net share settlement of RSUs | 260 |  |  | — |  |  |  |  |  |  |
RSUs forfeited | 462 |  |  | — |  |  |  |  |  |  |
Balance—July 31, 2022 | 55,207 |  |  | 38,163 |  |  | $ | 11.06 |  |  | 6.5 |  | $ | 5,336,155 |
Vested and exercisable as of July 31, 2022 |  |  | 26,233 |  |  | $ | 7.39 |  |  | 6.2 |  | $ | 3,741,879 |
Schedule of Unvested RSU Rollforward | A summary of RSU activity during the six months ended July 31, 2022 is as follows:
| Number of Shares (in thousands) |  | Weighted-Average Grant Date Fair Value per Share
Unvested Balance—January 31, 2022 | 9,612 |  |  | $ | 180.08 |
Granted | 5,763 |  |  | $ | 201.89 |
Vested | (848) |  |  | $ | 161.90 |
Forfeited | (327) |  |  | $ | 202.80 |
Unvested Balance—April 30, 2022 | 14,200 |  |  | $ | 189.50 |
Granted | 1,374 |  |  | $ | 145.19 |
Vested | (775) |  |  | $ | 156.97 |
Forfeited | (462) |  |  | $ | 196.87 |
Unvested Balance—July 31, 2022 | 14,337 |  |  | $ | 186.77 |
Schedule of Unvested RSA Rollforward | A summary of restricted common stock activity during the six months ended July 31, 2022 is as follows:
| Outside of the Plans
| Number of Shares (in thousands) |  | Weighted-Average Grant Date Fair Value per Share
Unvested Balance—January 31, 2022 | 380 |  |  | $ | 2.11 |
Granted | 409 |  |  | $ | 229.13 |
Vested | (90) |  |  | $ | 2.10 |
Unvested Balance—April 30, 2022 | 699 |  |  | $ | 134.99 |
Vested | (90) |  |  | $ | 2.10 |
Unvested Balance—July 31, 2022 | 609 |  |  | $ | 154.73 |
Valuation Assumptions Schedule | The following table summarizes the assumptions used in estimating the fair value of stock options granted to employees during the six months ended July 31, 2022:
|  |  |  |  | Six Months Ended July 31, 2022
Expected term (in years) |  |  |  |  | 6.0 |  |
Expected volatility |  |  |  |  | 50.0 | % |  |
Risk-free interest rate |  |  |  |  | 1.8 | % |  |
Expected dividend yield |  |  |  |  | — | % |  |
Valuation Assumptions Other Than Stock Options Schedule | The following table summarizes the assumptions used in estimating the fair value of employee stock purchase rights granted under the 2020 ESPP during the three and six months ended July 31, 2022 and 2021:
| Three and Six Months Ended
| 2022 |  | 2021
Expected term (in years) | 0.5 |  | 0.5
Expected volatility | 58.9 | % |  | 49.5 | %
Risk-free interest rate | 0.9 | % |  | 0.1 | %
Expected dividend yield | — | % |  | — | %
Share-based Compensation Schedule | Stock-based compensation included in the condensed consolidated statements of operations was as follows (in thousands):
| Three Months Ended July 31, |  | Six Months Ended July 31,
| 2022 |  | 2021 |  | 2022 |  | 2021 |  |
Cost of revenue | $ | 26,070 |  |  | $ | 22,114 |  |  | $ | 48,705 |  |  | $ | 45,217 |  |  |
Sales and marketing | 60,162 |  |  | 52,336 |  |  | 112,631 |  |  | 98,389 |  |  |
Research and development | 96,897 |  |  | 62,827 |  |  | 170,490 |  |  | 118,646 |  |  |
General and administrative | 26,052 |  |  | 26,714 |  |  | 49,848 |  |  | 52,753 |  |  |
Stock-based compensation, net of amounts capitalized | 209,181 |  |  | 163,991 |  |  | 381,674 |  |  | 315,005 |  |  |
Capitalized stock-based compensation | 6,715 |  |  | 6,938 |  |  | 13,210 |  |  | 13,237 |  |  |
Total stock-based compensation | $ | 215,896 |  |  | $ | 170,929 |  |  | $ | 394,884 |  |  | $ | 328,242 |  |  |

X
- Definition Schedule Of Shares Reserved For Future Issuance + References No definition available. + Details
Name: | snow_ScheduleOfSharesReservedForFutureIssuanceTableTextBlock
Namespace Prefix: | snow_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of share-based payment arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5047-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
Name: | us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the changes in outstanding nonvested restricted stock shares. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
Name: | us-gaap_NonvestedRestrictedStockSharesActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of employee stock purchase plans, including, but not limited to: (a) expected term, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardEmployeeStockPurchasePlanValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in restricted stock units (RSUs). + References No definition available. + Details
Name: | us-gaap_ScheduleOfUnvestedRestrictedStockUnitsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration