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Operating Expense Breakdown
Details spending across R&D, sales & marketing, and administration, showing how Snowflake invests to grow versus move toward profitability. Watch the balance between growth-driven spending and margin improvement to judge sustainability.Snowflake is visibly ramping investment into R&D and Sales & Marketing to monetize AI momentum and expand large‑customer footprints; both categories have accelerated and now drive expense growth. G&A is modest by comparison aside from a clear one‑off spike consistent with acquisition/integration costs (Observe), aligning with management’s cited margin headwind. Management is banking on these investments to deliver outsized revenue leverage (higher guidance and improved operating margins), but AI gross‑margin pressure and potential customer consumption controls remain the key execution risks to monitor.
Date | Sales and Marketing | Research and Development | General and Administrative |
|---|---|---|---|
Jun 30, 2026 | $611.62M | $567.48M | $120.59M |
Mar 31, 2026 | $588.95M | $534.94M | $128.72M |
Dec 31, 2025 | $551.26M | $511.04M | $113.52M |
Sep 30, 2025 | $550.36M | $494.03M | $107.12M |
Jun 30, 2025 | $501.96M | $492.00M | $119.47M |
Mar 31, 2025 | $458.55M | $472.40M | $209.59M |
Dec 31, 2024 | $432.68M | $492.49M | $115.09M |
Sep 30, 2024 | $437.96M | $442.44M | $106.26M |
Jun 30, 2024 | $400.63M | $437.66M | $97.76M |
Mar 31, 2024 | $400.82M | $410.79M | $93.15M |