Snowflake
SNOWQ1 2025(SNOW Q4 FY2025)Estimated6% AI
AI Revenue %
6%
AI Fair Value
$1.4B
AI Revenue (Q)
$72.8M
Total Revenue (Q)
$1.2B
Source: SEC EDGAR 10-K Filing
View 10-K on SEC.govAnalysis
Snowflake's Q4 FY2025 (three months ended January 31, 2025) derived from 10-K annual filing. Full year FY2025 revenue was $3,626.4M, minus 9-month revenue of $2,639.6M gives Q4 revenue of approximately $986.8M. The FY2025 10-K shows the company now fully brands itself as the 'AI Data Cloud' and lists AI Technology as a core growth driver. The 10-K includes a new CODM disclosure showing consolidated net loss as the key metric, and cost of product revenue at 65% third-party cloud infrastructure (up from prior years), suggesting growing compute-intensive workloads like AI inference. The 6% estimate (~$59.2M) reflects a full quarter of Cortex AI in general availability, expanding customer adoption of LLM inference, search, and fine-tuning capabilities, plus Snowpark ML maturation.
Analyzed by claude-opus-4-6
Quoted Figures
Fiscal Year Ended January 31, 2025: Revenue $3,626,396 thousand
10-K for fiscal year ended January 31, 2025, Segment Information
Nine Months Ended October 31, 2024: Revenue $2,639,626 thousand
10-Q for period ended October 31, 2024, Segment Information
approximately 65% of cost of product revenue represented third-party cloud infrastructure expenses incurred in connection with the customers use of the Snowflake platform
10-K for fiscal year ended January 31, 2025, Segment Information footnote
AI Products Identified (Ring 1)
Cortex AI (GA - LLM inference, fine-tuning, search, analysts)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