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Dollar-Based Net Retention Rate
Measures how revenue from existing customers changes over time, accounting for expansions, contractions, and churn. A rate above 100% signals that customers are expanding their usage and that Snowflake can grow revenue without relying solely on new customer wins.After a multi-quarter slide from peak levels, retention has bottomed and shows a modest rebound into the mid‑120s — management cites 126% — driven by AI product adoption (CoCo, Snowflake Intelligence), large‑customer expansion and strategic deals (AWS/OpenAI). That rebound validates stronger upsell and consumption, but retention remains well below prior highs, leaving room to re‑accelerate. Key risks: AI consumption could pressure gross margins and customers may throttle usage to control costs, which would cap further retention-driven revenue expansion.
Date | Dollar-Based Net Retention Rate |
|---|---|
Jun 30, 2026 | 126.00 |
Mar 31, 2026 | 126.00 |
Dec 31, 2025 | 125.00 |
Sep 30, 2025 | 125.00 |
Jun 30, 2025 | 125.00 |
Mar 31, 2025 | 124.00 |
Dec 31, 2024 | 126.00 |
Sep 30, 2024 | 127.00 |
Jun 30, 2024 | 127.00 |
Mar 31, 2024 | 128.00 |