XML 66 R41.htm IDEA: XBRL DOCUMENT
v3.25.1

Equity (Tables) | 12 Months Ended
--- | ---
Jan. 31, 2025
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):
| January 31, 2025 |  | January 31, 2024
2012 Equity Incentive Plan: |  |  |
Options outstanding | 20,067 |  |  | 26,767 |
Restricted stock units outstanding | — |  |  | 789 |
2020 Equity Incentive Plan: |  |  |
Options outstanding | 1,586 |  |  | 602 |
Restricted stock units outstanding | 24,790 |  |  | 20,168 |
Shares available for future grants | 64,834 |  |  | 59,371 |
2020 Employee Stock Purchase Plan: |  |  |
Shares available for future grants | 16,446 |  |  | 13,764 |
Total shares of common stock reserved for future issuance | 127,723 |  |  | 121,461 |
Share Repurchase Activity | The following table summarizes the stock repurchase activity under the Company’s stock repurchase program (in thousands, except per share data):
|  | Fiscal Year Ended January 31,
|  | 2025 |  | 2024
Number of shares repurchased |  | 14,765 |  |  | 4,012 |
Weighted-average price per share(1) |  | $ | 130.87 |  |  | $ | 147.49 |
Aggregate purchase price(1) |  | $ | 1,932,164 |  |  | $ | 591,673 |
________________ (1)Excludes transaction costs associated with the repurchases.
Option Activity Rollforward | A summary of stock option activity during the fiscal years ended January 31, 2025, 2024, and 2023 is as follows:
|  | 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 |  | 42,043 |  | $ | 7.53 |  |  | 6.9 |  | $ | 11,283,299 |  |  |
Granted |  | 642 |  | $ | 207.56 |  |  |  |  |  |  |
Exercised |  | (6,118) |  | $ | 6.50 |  |  |  |  |  |  |
Canceled |  | (713) |  | $ | 8.02 |  |  |  |  |  |  |
Balance—January 31, 2023 |  | 35,854 |  | $ | 11.27 |  |  | 5.9 |  | $ | 5,237,549 |  |  |
Exercised |  | (8,357) |  | $ | 6.84 |  |  |  |  |  |  |
Canceled |  | (128) |  | $ | 70.59 |  |  |  |  |  |  |
Balance—January 31, 2024 |  | 27,369 |  | $ | 12.35 |  |  | 5.0 |  | $ | 5,023,664 |  |  |
Granted |  | 1,037 |  | $ | 163.17 |  |  |  |  |  |  |
Exercised |  | (6,608) |  | $ | 6.79 |  |  |  |  |  |  |
Canceled |  | (145) |  | $ | 78.83 |  |  |  |  |  |  |
Balance—January 31, 2025 |  | 21,653 |  | $ | 20.83 |  |  | 4.2 |  | $ | 3,493,648 |  |  |
Vested and expected to vest as of January 31, 2025 |  | 21,653 |  | $ | 20.83 |  |  | 4.2 |  | $ | 3,493,648 |  |  |
Exercisable as of January 31, 2025 |  | 20,645 |  | $ | 13.53 |  |  | 4.1 |  | $ | 3,478,059 |  |  |
Option Rollforward Schedule | A summary of stock option activity during the fiscal years ended January 31, 2025, 2024, and 2023 is as follows:
|  | 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 |  | 42,043 |  | $ | 7.53 |  |  | 6.9 |  | $ | 11,283,299 |  |  |
Granted |  | 642 |  | $ | 207.56 |  |  |  |  |  |  |
Exercised |  | (6,118) |  | $ | 6.50 |  |  |  |  |  |  |
Canceled |  | (713) |  | $ | 8.02 |  |  |  |  |  |  |
Balance—January 31, 2023 |  | 35,854 |  | $ | 11.27 |  |  | 5.9 |  | $ | 5,237,549 |  |  |
Exercised |  | (8,357) |  | $ | 6.84 |  |  |  |  |  |  |
Canceled |  | (128) |  | $ | 70.59 |  |  |  |  |  |  |
Balance—January 31, 2024 |  | 27,369 |  | $ | 12.35 |  |  | 5.0 |  | $ | 5,023,664 |  |  |
Granted |  | 1,037 |  | $ | 163.17 |  |  |  |  |  |  |
Exercised |  | (6,608) |  | $ | 6.79 |  |  |  |  |  |  |
Canceled |  | (145) |  | $ | 78.83 |  |  |  |  |  |  |
Balance—January 31, 2025 |  | 21,653 |  | $ | 20.83 |  |  | 4.2 |  | $ | 3,493,648 |  |  |
Vested and expected to vest as of January 31, 2025 |  | 21,653 |  | $ | 20.83 |  |  | 4.2 |  | $ | 3,493,648 |  |  |
Exercisable as of January 31, 2025 |  | 20,645 |  | $ | 13.53 |  |  | 4.1 |  | $ | 3,478,059 |  |  |
Schedule of Unvested RSU Rollforward | A summary of equity-classified RSUs activity during the fiscal years ended January 31, 2025, 2024, and 2023 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 | 10,788 |  |  | $ | 180.65 |
Vested | (3,348) |  |  | $ | 165.30 |
Forfeited | (1,492) |  |  | $ | 206.02 |
Unvested Balance—January 31, 2023 | 15,560 |  |  | $ | 181.17 |
Granted | 12,706 |  |  | $ | 158.28 |
Vested | (6,810) |  |  | $ | 172.38 |
Forfeited | (1,881) |  |  | $ | 176.44 |
Unvested Balance—January 31, 2024 | 19,575 |  |  | $ | 169.82 |
Granted | 17,096 |  |  | $ | 142.07 |
Vested | (9,900) |  |  | $ | 168.04 |
Forfeited | (3,367) |  |  | $ | 163.07 |
Performance adjustment(1) | (50) |  |  | $ | 139.58 |
Unvested Balance—January 31, 2025 | 23,354 |  |  | $ | 151.30 |
________________ (1)Represents an adjustment in the number of shares outstanding, with regards to Leadership PRSUs granted during the fiscal year ended January 31, 2024, based on the actual achievement of the associated Company annual performance targets for fiscal 2024. A summary of liability-classified RSUs activity during the fiscal years ended January 31, 2025 and 2024 is as follows:
| Number of Shares (in thousands)
Unvested Balance—January 31, 2023 | — |
Granted(1) | 1,382 |
Unvested Balance—January 31, 2024 | 1,382 |
Granted(1) | 118 |
Forfeited | (64) |
Unvested Balance—January 31, 2025 | 1,436 |
________________ (1)Represents the maximum number of Acquisition PRSUs that may be eligible to vest with respect to these awards over their full term.
Schedule of Unvested RSA Rollforward | A summary of restricted common stock activity outside of the Plans during the fiscal years ended January 31, 2025, 2024, and 2023 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 |  |  |  |  | (361) |  |  | $ | 2.10 |
Unvested Balance—January 31, 2023 |  |  |  |  | 428 |  |  | $ | 219.26 |
Granted |  |  |  |  | 385 |  |  | $ | 194.28 |
Vested |  |  |  |  | (142) |  |  | $ | 199.28 |
Unvested Balance—January 31, 2024 |  |  |  |  | 671 |  |  | $ | 209.15 |
Granted |  |  |  |  | 445 |  |  | $ | 162.15 |
Vested |  |  |  |  | (219) |  |  | $ | 213.81 |
Forfeited |  |  |  |  | (76) |  |  | $ | 226.91 |
Unvested Balance—January 31, 2025 |  |  |  |  | 821 |  |  | $ | 180.82 |
Schedule of Valuation Assumptions | The following table summarizes the assumptions used in estimating the grant-date fair values of stock options granted to employees during the fiscal years ended January 31, 2025 and 2023:
|  |  |  |  |  |  | Fiscal Year Ended January 31,
|  |  |  |  | 2025 |  | 2023
Expected term (in years) |  |  |  |  |  |  | 4.8 - 6.0 |  | 6.0
Expected volatility |  |  |  |  |  |  | 56.6% - 56.7% |  | 50.0 | %
Risk-free interest rate |  |  |  |  |  |  | 4.2% - 4.4% |  | 1.8 | %
Expected dividend yield |  |  |  |  |  |  | — | % |  | — | %
Schedule of Valuation Assumptions Other than Stock Options | The following table summarizes the assumptions used in estimating the fair values of ESPP Rights granted under the 2020 ESPP during the fiscal years ended January 31, 2025, 2024, and 2023:
| Fiscal Year Ended January 31,
| 2025 |  | 2024 |  | 2023
Expected term (in years) | 0.5 |  | 0.5 |  | 0.5
Expected volatility | 46.3% - 49.6% |  | 48.4% - 71.3% |  | 58.9% - 74.8%
Risk-free interest rate | 4.5% - 5.4% |  | 4.7% - 5.5% |  | 0.9% - 3.8%
Expected dividend yield | — | % |  | — | % |  | — | %
Schedule of Valuation Assumptions, Liability-Classified Performance Shares | The following table summarizes the assumptions used in estimating the fair value of liability-classified Acquisition PRSUs as of January 31, 2025 and 2024:
|  |  |  |  | January 31, 2025 |  | January 31, 2024
Expected volatility |  |  |  |  |  |  | 50.0 | % |  | 60.0 | %
Risk-free interest rate |  |  |  |  |  |  | 4.2 | % |  | 4.0 | %
Share-based Compensation Schedule | Stock-based compensation included in the consolidated statements of operations was as follows (in thousands):
|  |  | Fiscal Year Ended January 31,
|  |  |  |  | 2025 |  | 2024 |  | 2023
Cost of revenue |  |  |  |  | $ | 142,163 |  |  | $ | 123,363 |  |  | $ | 106,302 |
Sales and marketing |  |  |  |  | 331,807 |  |  | 299,657 |  |  | 246,811 |
Research and development |  |  |  |  | 852,027 |  |  | 644,928 |  |  | 407,524 |
General and administrative |  |  |  |  | 153,317 |  |  | 100,067 |  |  | 100,896 |
Stock-based compensation, net of amounts capitalized |  |  |  |  | 1,479,314 |  |  | 1,168,015 |  |  | 861,533 |
Capitalized stock-based compensation |  |  |  |  | 38,493 |  |  | 48,830 |  |  | 29,417 |
Total stock-based compensation |  |  |  |  | $ | 1,517,807 |  |  | $ | 1,216,845 |  |  | $ | 890,950 |

X
- Definition Schedule Of Share-Based Payment Award, Liability-Classified Performance Shares, Valuation Assumptions + References No definition available. + Details
Name: | snow_ScheduleOfShareBasedPaymentAwardLiabilityClassifiedPerformanceSharesValuationAssumptionsTableTextBlock
Namespace Prefix: | snow_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule Of Shares Reserved For Future Issuance + References No definition available. + Details
Name: | snow_ScheduleOfSharesReservedForFutureIssuanceTableTextBlock
Namespace Prefix: | snow_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Share Repurchase Activity + References No definition available. + Details
Name: | snow_ShareRepurchaseActivityTableTextBlock
Namespace Prefix: | snow_
Data Type: | dtr-types1: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 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + 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 -Name Accounting Standards Codification -Section 50 -Subparagraph (c) -Paragraph 2 -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + 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 -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + 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 -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + 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 -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + 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 -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + 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