Snowflake
SNOWQ4 2024(SNOW Q3 FY2025)Estimated5% AI
AI Revenue %
5%
AI Fair Value
$1.1B
AI Revenue (Q)
$101.6M
Total Revenue (Q)
$2.0B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Snowflake's Q3 FY2025 (three months ended October 31, 2024) filing shows total revenue of $942.1M. The AI product portfolio continues to mature with Cortex AI generally available and expanding. The risk factors now mention 'generative AI technology' specifically: 'If we are not successful in executing our investments in artificial intelligence and machine learning technology (AI Technology), including generative AI technology.' Snowflake issued $2.3B in convertible notes during this quarter, partially to fund AI infrastructure investment. No AI-specific revenue disclosed. The 5% estimate (~$47.1M) reflects the growing adoption of Cortex AI features (LLM functions, search, fine-tuning), Snowpark ML workloads, and increasing consumption from customers running AI/ML pipelines on the platform.
Analyzed by claude-opus-4-6
Quoted Figures
Revenue $942,094 thousand for the three months ended October 31, 2024
10-Q for period ended October 31, 2024, Segment Information
If we are not successful in executing our investments in artificial intelligence and machine learning technology (AI Technology), including generative AI technology, our business, financial condition, and results of operations could be harmed.
10-Q for period ended October 31, 2024, Selected Risks
Convertible senior notes, net $2,269,459 thousand
10-Q for period ended October 31, 2024, Condensed Consolidated Balance Sheet
AI Products Identified (Ring 1)
Cortex AI (LLM inference, fine-tuning, search)Snowpark MLDocument AIArctic LLM
AI-Enabled Items (Ring 2 — Not Counted)
These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.
AI Data Cloud platformSnowflake MarketplaceStreamlit
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix