Snowflake (SNOW) 10-Q 31 May 24 2025 Q1 Quarterly report Financial data

Cover

Cover - shares shares in Millions	3 Months Ended
	Apr. 30, 2024	May 07, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Apr. 30, 2024
Document Transition Report	false
Entity File Number	001-39504
Entity Registrant Name	SNOWFLAKE INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	46-0636374
Entity Address, Address Line One	Suite 3A
Entity Address, Address Line Two	106 East Babcock Street
Entity Address, City or Town	Bozeman
Entity Address, State or Province	MT
Entity Address, Postal Zip Code	59715
City Area Code	844
Local Phone Number	766-9355
Title of 12(b) Security	Class A Common Stock, $0.0001 par value
Trading Symbol	SNOW
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		334.8
Entity Central Index Key	0001640147
Current Fiscal Year End Date	--01-31
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	Q1
Amendment Flag	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Apr. 30, 2024	Jan. 31, 2024
Current assets:
Cash and cash equivalents	$ 1,330,411	$ 1,762,749
Short-term investments	2,200,935	2,083,499
Accounts receivable, net	345,505	926,902
Deferred commissions, current	85,448	86,096
Prepaid expenses and other current assets	180,991	180,018
Total current assets	4,143,290	5,039,264
Long-term investments	927,981	916,307
Property and equipment, net	263,667	247,464
Operating lease right-of-use assets	244,681	252,128
Goodwill	975,906	975,906
Intangible assets, net	307,967	331,411
Deferred commissions, non-current	179,917	187,093
Other assets	254,609	273,810
Total assets	7,298,018	8,223,383
Current liabilities:
Accounts payable	64,239	51,721
Accrued expenses and other current liabilities	398,002	446,860
Operating lease liabilities, current	30,940	33,944
Deferred revenue, current	1,935,642	2,198,705
Total current liabilities	2,428,823	2,731,230
Operating lease liabilities, non-current	247,501	254,037
Deferred revenue, non-current	14,692	14,402
Other liabilities	39,310	33,120
Total liabilities	2,730,326	3,032,789
Commitments and contingencies (Note 10)
Stockholders’ equity:
Preferred stock; $0.0001 par value per share; 200,000 shares authorized, zero shares issued and outstanding as of each April 30, 2024 and January 31, 2024	0	0
Common stock; $0.0001 par value per share; 2,500,000 Class A shares authorized, 335,264 and 334,453 shares issued and outstanding as of April 30, 2024 and January 31, 2024, respectively (excluding $200 shares held by a wholly-owned subsidiary and treated as treasury stock for accounting purposes as of each April 30, 2024 and January 31, 2024); 185,461 Class B shares authorized, zero shares issued and outstanding as of each April 30, 2024 and January 31, 2024	34	34
Treasury stock, at cost; 469 and 492 shares held as of April 30, 2024 and January 31, 2024, respectively	(63,958)	(67,140)
Additional paid-in capital	9,546,792	9,331,238
Accumulated other comprehensive loss	(15,713)	(8,220)
Accumulated deficit	(4,908,921)	(4,075,604)
Total Snowflake Inc. stockholders’ equity	4,558,234	5,180,308
Noncontrolling interest	9,458	10,286
Total stockholders’ equity	4,567,692	5,190,594
Total liabilities and stockholders’ equity	$ 7,298,018	$ 8,223,383

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (PARENTHETICAL) - $ / shares	Apr. 30, 2024	Jan. 31, 2024
Preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized (in shares)	200,000,000	200,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Treasury stock (in shares)	469,000	492,000
Class A Common Stock
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	2,500,000,000	2,500,000,000
Common stock, shares issued (in shares)	335,264,000	334,453,000
Common stock, shares outstanding (in shares)	335,264,000	334,453,000
Class A Common Stock | Investing Subsidiary
Treasury stock (in shares)	200,000	200,000
Class B Common Stock
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	185,461,000	185,461,000
Common stock, shares issued (in shares)	0	0
Common stock, shares outstanding (in shares)	0	0

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2024	Apr. 30, 2023
Income Statement [Abstract]
Revenue	$ 828,709	$ 623,599
Cost of revenue	272,517	209,414
Gross profit	556,192	414,185
Operating expenses:
Sales and marketing	400,822	331,558
Research and development	410,794	277,412
General and administrative	93,148	78,453
Total operating expenses	904,764	687,423
Operating loss	(348,572)	(273,238)
Interest income	54,779	43,131
Other expense, net	(21,302)	(2,562)
Loss before income taxes	(315,095)	(232,669)
Provision for (benefit from) income taxes	2,721	(6,605)
Net loss	(317,816)	(226,064)
Less: net loss attributable to noncontrolling interest	(828)	(437)
Net loss attributable to Snowflake Inc.	$ (316,988)	$ (225,627)
Net loss per share attributable to Class A common stockholders- basic (in dollars per share)	$ (0.95)	$ (0.70)
Net loss per share attributable to Class A common stockholders - diluted (in dollars per share)	$ (0.95)	$ (0.70)

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2024	Apr. 30, 2023
Statement of Comprehensive Income [Abstract]
Net loss	$ (317,816)	$ (226,064)
Other comprehensive income (loss):
Net change in unrealized gains or losses on available-for-sale debt securities	(7,421)	7,444
Foreign currency translation adjustments	(23)	0
Other	(49)	0
Total other comprehensive income (loss)	(7,493)	7,444
Comprehensive loss	(325,309)	(218,620)
Less: comprehensive loss attributable to noncontrolling interest	(828)	(437)
Comprehensive loss attributable to Snowflake Inc.	$ (324,481)	$ (218,183)

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Class A Common Stock	Parent [Member]	Common Stock Class A Common Stock	Treasury Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Loss	Accumulated Deficit	Noncontrolling Interest
Beginning balance (in shares) at Jan. 31, 2023				323,305
Beginning balance at Jan. 31, 2023	$ 5,468,615		$ 5,456,436	$ 32	$ 0	$ 8,210,750	$ (38,272)	$ (2,716,074)	$ 12,179
Beginning balance, treasury stock (in shares) at Jan. 31, 2023					0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon exercise of stock options (in shares)				2,376
Issuance of common stock upon exercise of stock options	15,333		15,333	$ 1		15,332
Issuance of common stock under employee stock purchase plan (in shares)				312
Issuance of common stock under employee stock purchase plan	37,065		37,065			37,065
Vesting of early exercised stock options	61		61			61
Vesting of restricted stock units (in shares)				1,862
Shares withheld related to net share settlement of equity awards (in shares)				(638)
Shares withheld related to net share settlement of equity awards	(89,003)		(89,003)			(89,003)
Repurchases of common stock (in shares)					(500)
Repurchases of common stock as treasury stock	(68,299)		(68,299)		$ (68,299)
Repurchases and retirement of common stock (in shares)				(905)
Repurchases and retirement of common stock	(123,395)		(123,395)					(123,395)
Stock-based compensation	276,228		276,228			276,228
Other comprehensive income (loss)	7,444		7,444				7,444
Net loss	(226,064)		(225,627)					(225,627)	(437)
Ending balance (in shares) at Apr. 30, 2023				326,312
Ending balance at Apr. 30, 2023	5,297,985		5,286,243	$ 33	$ (68,299)	8,450,433	(30,828)	(3,065,096)	11,742
Ending balance, treasury stock (in shares) at Apr. 30, 2023					(500)
Beginning balance (in shares) at Jan. 31, 2024		334,453		334,453
Beginning balance at Jan. 31, 2024	$ 5,190,594		5,180,308	$ 34	$ (67,140)	9,331,238	(8,220)	(4,075,604)	10,286
Beginning balance, treasury stock (in shares) at Jan. 31, 2024	(492)				(492)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon exercise of stock options (in shares)	1,379			1,370
Issuance of common stock upon exercise of stock options	$ 10,517		10,517			10,517
Issuance of common stock under employee stock purchase plan (in shares)				346
Issuance of common stock under employee stock purchase plan	46,735		46,735			46,735
Issuance of common stock in connection with a business combination (in shares)				1
Vesting of restricted stock units (in shares)				3,188
Shares withheld related to net share settlement of equity awards (in shares)				(1,112)
Shares withheld related to net share settlement of equity awards	$ (177,084)		(177,084)			(177,084)
Repurchases of common stock (in shares)	(500)
Repurchases and retirement of common stock (in shares)				(2,982)
Repurchases and retirement of common stock	$ (516,329)		(516,329)					(516,329)
Reissuance of treasury stock upon settlement of equity awards (in shares)					23
Reissuance of treasury stock upon settlement of equity awards	81		81		$ 3,182	(3,101)
Stock-based compensation	338,487		338,487			338,487
Other comprehensive income (loss)	(7,493)		(7,493)				(7,493)
Net loss	(317,816)		(316,988)					(316,988)	(828)
Ending balance (in shares) at Apr. 30, 2024		335,264		335,264
Ending balance at Apr. 30, 2024	$ 4,567,692		$ 4,558,234	$ 34	$ (63,958)	$ 9,546,792	$ (15,713)	$ (4,908,921)	$ 9,458
Ending balance, treasury stock (in shares) at Apr. 30, 2024	(469)				(469)

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2024	Apr. 30, 2023
Cash flows from operating activities:
Net loss	$ (317,816)	$ (226,064)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	40,221	23,163
Non-cash operating lease costs	13,722	12,869
Amortization of deferred commissions	22,764	17,672
Stock-based compensation, net of amounts capitalized	331,936	264,509
Net accretion of discounts on investments	(11,992)	(15,331)
Net realized and unrealized losses on strategic investments in equity securities	20,695	2,414
Deferred income tax	0	(8,868)
Other	669	9,978
Changes in operating assets and liabilities, net of effects of business combinations:
Accounts receivable	579,319	362,893
Deferred commissions	(14,940)	(16,440)
Prepaid expenses and other assets	(1,111)	5,527
Accounts payable	21,244	(3,093)
Accrued expenses and other liabilities	(54,688)	(8,542)
Operating lease liabilities	(13,374)	(10,763)
Deferred revenue	(261,181)	(110,480)
Net cash provided by operating activities	355,468	299,444
Cash flows from investing activities:
Purchases of property and equipment	(16,519)	(6,970)
Capitalized internal-use software development costs	(7,404)	(9,341)
Cash paid for business combinations, net of cash, cash equivalents, and restricted cash acquired	0	(123,112)
Purchases of investments	(1,078,261)	(1,037,286)
Sales of investments	30,360	5,652
Maturities and redemptions of investments	921,395	808,844
Settlement of cash flow hedges	(749)	0
Net cash used in investing activities	(151,178)	(362,213)
Cash flows from financing activities:
Proceeds from exercise of stock options	10,686	15,370
Proceeds from issuance of common stock under employee stock purchase plan	46,735	37,065
Taxes paid related to net share settlement of equity awards	(174,590)	(84,399)
Repurchases of common stock	(516,329)	(191,694)
Net cash used in financing activities	(633,498)	(223,658)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	(2,633)	535
Net decrease in cash, cash equivalents, and restricted cash	(431,841)	(285,892)
Cash, cash equivalents, and restricted cash—beginning of period	1,780,977	956,731
Cash, cash equivalents, and restricted cash—end of period	1,349,136	670,839
Supplemental disclosures of non-cash investing and financing activities:
Property and equipment included in accounts payable and accrued expenses	16,793	8,071
Stock-based compensation included in capitalized software development costs	9,295	11,719
Unpaid taxes related to net share settlement of equity awards included in accrued expenses and other current liabilities	9,354	4,657
Reconciliation of cash, cash equivalents, and restricted cash:
Cash and cash equivalents	1,330,411	653,014
Restricted cash—included in other assets and prepaid expenses and other current assets	18,725	17,825
Total cash, cash equivalents, and restricted cash	$ 1,349,136	$ 670,839

Organization and Description of

Organization and Description of Business	3 Months Ended
	Apr. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Description of Business	Organization and Description of Business Snowflake Inc. (Snowflake or the Company) provides a cloud-based data platform, which enables customers to consolidate data into a single source of truth to drive meaningful insights, apply AI to solve business problems, build data applications, and share data and data products. The Company provides its platform through a customer-centric, consumption-based business model, only charging customers for the resources they use. Through its platform, the Company delivers the AI Data Cloud, a network where Snowflake customers, partners, developers, data providers, and data consumers can break down data silos and derive value from rapidly growing data sets in secure, governed, and compliant ways. Snowflake was incorporated in the State of Delaware on July 23, 2012.

Basis of Presentation and Summa

Basis of Presentation and Summary of Significant Accounting Policies	3 Months Ended
	Apr. 30, 2024
Accounting Policies [Abstract]
Basis of Presentation and Summary of Significant Accounting Policies	Basis of Presentation and Summary of Significant Accounting Policies Fiscal Year The Company’s fiscal year ends on January 31. For example, references to fiscal 2025 refer to the fiscal year ending January 31, 2025. Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) and applicable rules and regulations of the U.S. Securities and Exchange Commission (SEC) regarding interim financial reporting. Accordingly, they do not include all disclosures normally required in annual consolidated financial statements prepared in accordance with GAAP. Therefore, these unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes included in the Company’s Annual Report on Form 10-K for the fiscal year ended January 31, 2024, which was filed with the SEC on March 26, 2024. In management’s opinion, these unaudited condensed consolidated financial statements have been prepared on the same basis as the annual financial statements and reflect all adjustments, which include only normal recurring adjustments necessary for the fair statement of the Company’s financial position as of April 30, 2024 and the results of operations for the three months ended April 30, 2024 and 2023, and cash flows for the three months ended April 30, 2024 and 2023. The condensed balance sheet as of January 31, 2024 was derived from the audited consolidated financial statements but does not include all disclosures required by GAAP. The results of operations for the three months ended April 30, 2024 are not necessarily indicative of the results to be expected for the full year or any other future interim or annual period. Principles of Consolidation The condensed consolidated financial statements include the accounts of Snowflake Inc., its wholly-owned subsidiaries, and a majority-owned subsidiary in which the Company has a controlling financial interest. All intercompany transactions and balances have been eliminated in consolidation. The Company records noncontrolling interest in its condensed consolidated financial statements to recognize the minority ownership interest in its majority-owned subsidiary. Profits and losses of the majority-owned subsidiary are attributed to controlling and noncontrolling interests using the hypothetical liquidation at book value method. Segment Information The Company has a single operating and reportable segment. The Company’s chief operating decision maker is its Chief Executive Officer, who reviews financial information presented on a consolidated basis for purposes of making operating decisions, assessing financial performance, and allocating resources. For information regarding the Company’s revenue by geographic area, see Note 3, “Revenue, Accounts Receivable, Deferred Revenue, and Remaining Performance Obligations.” The following table presents the Company’s long-lived assets, comprising property and equipment, net and operating lease right-of-use assets, by geographic area (in thousands): April 30, 2024 January 31, 2024 United States $ 387,161 $ 379,664 Other (1) 121,187 119,928 Total $ 508,348 $ 499,592 ________________ (1) No individual country outside of the United States accounted for more than 10% of the Company’s long-lived assets as of April 30, 2024 and January 31, 2024. Use of Estimates The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. Such estimates include, but are not limited to, stand-alone selling prices (SSP) for each distinct performance obligation, internal-use software development costs, the expected period of benefit for deferred commissions, the fair value of intangible assets acquired in business combinations, the useful lives of long-lived assets, the carrying value of operating lease right-of-use assets, stock-based compensation, accounting for income taxes, and the fair value of investments in marketable and non-marketable securities. The Company bases its estimates on historical experience and also on assumptions that management considers reasonable. These estimates are assessed on a regular basis; however, actual results could differ from these estimates. Summary of Significant Accounting Policies The Company’s significant accounting policies are discussed in “Note 2 – Basis of Presentation and Summary of Significant Accounting Policies” of the Company’s Annual Report on Form 10-K for the fiscal year ended January 31, 2024, which was filed with the SEC on March 26, 2024. Recently Issued Accounting Pronouncements Not Yet Adopted In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures , which requires disclosure, on an annual and interim basis, of significant segment expenses that are regularly provided to the chief operating decision maker and included within each reported measure of segment profit and loss, and an amount for other segment items by reportable segment and a description of its composition. This guidance also requires disclosures on the title and position of the chief operating decision maker and an explanation of how the chief operating decision maker uses the reported measures of segment profit or loss in assessing segment performance and deciding how to allocate resources, and interim disclosures of reportable segment’s profit or loss and assets. This guidance is effective for the Company for its fiscal year beginning February 1, 2024 and interim periods within its fiscal year beginning February 1, 2025 on a retrospective basis. Early adoption is permitted. The Company is currently evaluating the impact of the adoption of this guidance on its condensed consolidated financial statements and disclosures. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures , which requires annual disclosure on disaggregation of rate reconciliation categories and income taxes paid by jurisdiction. This guidance is effective for the Company for its fiscal year beginning February 1, 2025 on a prospective basis. Early adoption and retrospective application are permitted. The Company is currently evaluating the impact of the adoption of this guidance on its condensed consolidated financial statements and disclosures.

Revenue, Accounts Receivable, D

Revenue, Accounts Receivable, Deferred Revenue, and Remaining Performance Obligations	3 Months Ended
	Apr. 30, 2024
Revenue from Contract with Customer [Abstract]
Revenue, Accounts Receivable, Deferred Revenue, and Remaining Performance Obligations	Revenue, Accounts Receivable, Deferred Revenue, and Remaining Performance Obligations Disaggregation of Revenue Revenue consists of the following (in thousands): Three Months Ended April 30, 2024 2023 Product revenue $ 789,587 $ 590,072 Professional services and other revenue 39,122 33,527 Total $ 828,709 $ 623,599 Revenue by geographic area, based on the location of the Company’s customers (or end-customers under reseller arrangements), was as follows (in thousands): Three Months Ended April 30, 2024 2023 Americas: United States $ 632,041 $ 482,989 Other Americas (1) 23,735 16,856 EMEA (1)(2) 131,657 94,890 Asia-Pacific and Japan (1) 41,276 28,864 Total $ 828,709 $ 623,599 ________________ (1) No individual country in these areas represented more than 10% of the Company’s revenue for all periods presented. (2) Includes Europe, the Middle East, and Africa. Accounts Receivable, Net As of April 30, 2024 and January 31, 2024, allowance for credit losses of $3.5 million and $2.5 million, respectively, was included in the Company’s accounts receivable, net balance. Significant Customers For purposes of assessing the concentration of credit risk and significant customers, a group of customers under common control or customers that are affiliates of each other are regarded as a single customer. As of April 30, 2024 and January 31, 2024, there were no customers that represented 10% or more of the Company’s accounts receivable, net balance. Additionally, there were no customers that represented 10% or more of the Company’s revenue for each of the three months ended April 30, 2024 and 2023. Deferred Revenue The Company recognized $673.5 million and $494.7 million of revenue for the three months ended April 30, 2024 and 2023, respectively, from the deferred revenue balances as of January 31, 2024 and 2023, respectively. Remaining Performance Obligations Remaining performance obligations (RPO) represent the amount of contracted future revenue that has not yet been recognized, including (i) deferred revenue and (ii) non-cancelable contracted amounts that will be invoiced and recognized as revenue in future periods. The Company’s RPO excludes performance obligations from on-demand arrangements as there are no minimum purchase commitments associated with these arrangements, and certain time and materials contracts that are billed in arrears. Portions of RPO that are not yet invoiced and are denominated in foreign currencies are revalued into U.S. dollars each period based on the applicable period-end exchange rates. As of April 30, 2024, the Company’s RPO was $5.0 billion, of which the Company expects approximately 51% to be recognized as revenue in the twelve months ending April 30, 2025 based on historical customer consumption patterns. However, the amount and timing of revenue recognition are generally dependent upon customers’ future consumption, which is inherently variable at customers’ discretion and can extend beyond the original contract term in cases where customers are permitted to roll over unused capacity to future periods, generally on the purchase of additional capacity at renewal.

Cash Equivalents and Investment

Cash Equivalents and Investments	3 Months Ended
	Apr. 30, 2024
Investments, Debt and Equity Securities [Abstract]
Cash Equivalents and Investments	Cash Equivalents and Investments The following is a summary of the Company’s cash equivalents, short-term investments, and long-term investments on the condensed consolidated balance sheets (in thousands): April 30, 2024 Amortized Gross Gross Estimated Cash equivalents: Money market funds $ 492,568 $ — $ — $ 492,568 U.S. government securities 367,494 — (1) 367,493 Time deposits 58,145 — — 58,145 Commercial paper 53,742 — (7) 53,735 Corporate notes and bonds 34,423 1 (13) 34,411 Total cash equivalents 1,006,372 1 (21) 1,006,352 Investments: Corporate notes and bonds 1,496,420 901 (6,658) 1,490,663 U.S. government and agency securities 785,243 — (6,125) 779,118 Commercial paper 528,809 37 (798) 528,048 Certificates of deposit 331,079 153 (145) 331,087 Total investments 3,141,551 1,091 (13,726) 3,128,916 Total cash equivalents and investments $ 4,147,923 $ 1,092 $ (13,747) $ 4,135,268 January 31, 2024 Amortized Gross Gross Estimated Cash equivalents: U.S. government securities $ 742,235 $ 1 $ (2) $ 742,234 Money market funds 533,211 — — 533,211 Time deposits 56,263 — — 56,263 Total cash equivalents 1,331,709 1 (2) 1,331,708 Investments: Corporate notes and bonds 1,549,151 1,959 (3,394) 1,547,716 U.S. government and agency securities 877,496 574 (4,653) 873,417 Commercial paper 353,525 154 (131) 353,548 Certificates of deposit 224,869 271 (15) 225,125 Total investments 3,005,041 2,958 (8,193) 2,999,806 Total cash equivalents and investments $ 4,336,750 $ 2,959 $ (8,195) $ 4,331,514 The Company included $22.6 million and $24.2 million of interest receivable in prepaid expenses and other current assets on the condensed consolidated balance sheets as of April 30, 2024 and January 31, 2024, respectively. The Company did not recognize an allowance for credit losses against interest receivable as of April 30, 2024 and January 31, 2024 because such potential losses were not material. As of April 30, 2024, the contractual maturities of the Company’s available-for-sale marketable debt securities did not exceed 36 months. The estimated fair values of available-for-sale marketable debt securities, classified as short-term or long-term investments on the Company’s condensed consolidated balance sheets, by remaining contractual maturity, are as follows (in thousands): April 30, 2024 Estimated Due within 1 year $ 2,200,935 Due in 1 year to 3 years 927,981 Total $ 3,128,916 The following tables show the fair values of, and the gross unrealized losses on, the Company’s available-for-sale marketable debt securities, classified by the length of time that the securities have been in a continuous unrealized loss position and aggregated by investment type, on the condensed consolidated balance sheets (in thousands): April 30, 2024 Less than 12 Months 12 Months or Greater Total Fair Value Gross Fair Value Gross Fair Value Gross Cash equivalents: U.S. government securities $ 257,696 $ (1) $ — $ — $ 257,696 $ (1) Commercial paper 42,735 (7) — — 42,735 (7) Corporate notes and bonds 21,406 (13) — — 21,406 (13) Total cash equivalents 321,837 (21) — — 321,837 (21) Investments: Corporate notes and bonds 974,840 (5,218) 206,956 (1,440) 1,181,796 (6,658) U.S. government and agency securities 628,114 (3,628) 151,004 (2,497) 779,118 (6,125) Commercial paper 422,472 (798) — — 422,472 (798) Certificates of deposit 109,602 (145) — — 109,602 (145) Total investments 2,135,028 (9,789) 357,960 (3,937) 2,492,988 (13,726) Total cash equivalents and investments $ 2,456,865 $ (9,810) $ 357,960 $ (3,937) $ 2,814,825 $ (13,747) January 31, 2024 Less than 12 Months 12 Months or Greater Total Fair Value Gross Fair Value Gross Fair Value Gross Cash equivalents: U.S. government securities $ 338,893 $ (2) $ — $ — $ 338,893 $ (2) Total cash equivalents 338,893 (2) — — 338,893 (2) Investments: Corporate notes and bonds 625,766 (1,259) 321,952 (2,135) 947,718 (3,394) U.S. government and agency securities 525,408 (1,323) 191,863 (3,330) 717,271 (4,653) Commercial paper 172,422 (131) — — 172,422 (131) Certificates of deposit 71,813 (15) — — 71,813 (15) Total investments 1,395,409 (2,728) 513,815 (5,465) 1,909,224 (8,193) Total cash equivalents and investments $ 1,734,302 $ (2,730) $ 513,815 $ (5,465) $ 2,248,117 $ (8,195) For available-for-sale marketable debt securities with unrealized loss positions, the Company does not intend to sell these securities and it is more likely than not that the Company will hold these securities until maturity or a recovery of the cost basis. The decline in fair values of these securities due to credit related factors was not material as of April 30, 2024 and January 31, 2024. See Note 5, “Fair Value Measurements,” for information regarding the Company’s strategic investments.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Apr. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (an exit price) in an orderly transaction between market participants at the reporting date. The accounting guidance establishes a three-tiered hierarchy, which prioritizes the inputs used in the valuation methodologies in measuring fair value as follows: Level 1 Inputs: Unadjusted quoted prices in active markets for identical assets or liabilities accessible to the reporting entity at the measurement date. Level 2 Inputs: Other than quoted prices included in Level 1 inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the asset or liability. Level 3 Inputs: Unobservable inputs for the asset or liability used to measure fair value to the extent that observable inputs are not available, thereby allowing for situations in which there is little, if any, market activity for the asset or liability at the measurement date. The following table presents the fair value hierarchy for the Company’s assets and liabilities measured at fair value on a recurring basis as of April 30, 2024 (in thousands): Level 1 Level 2 Total Assets: Cash equivalents: Money market funds $ 492,568 $ — $ 492,568 U.S. government securities — 367,493 367,493 Time deposits — 58,145 58,145 Commercial paper — 53,735 53,735 Corporate notes and bonds — 34,411 34,411 Short-term investments: Corporate notes and bonds — 834,770 834,770 Commercial paper — 528,048 528,048 U.S. government and agency securities — 518,716 518,716 Certificates of deposit — 319,401 319,401 Long-term investments: Corporate notes and bonds — 655,893 655,893 U.S. government and agency securities — 260,402 260,402 Certificates of deposit — 11,686 11,686 Derivative assets: Foreign currency forward contracts — 1,041 1,041 Total assets $ 492,568 $ 3,643,741 $ 4,136,309 Liabilities: Derivative liabilities: Foreign currency forward contracts $ — $ (1,512) $ (1,512) Total liabilities $ — $ (1,512) $ (1,512) The following table presents the fair value hierarchy for the Company’s assets and liabilities measured at fair value on a recurring basis as of January 31, 2024 (in thousands): Level 1 Level 2 Total Assets: Cash equivalents: U.S. government securities $ — $ 742,234 $ 742,234 Money market funds 533,211 — 533,211 Time deposits — 56,263 56,263 Short-term investments: Corporate notes and bonds — 939,727 939,727 U.S. government and agency securities — 573,780 573,780 Commercial paper — 353,548 353,548 Certificates of deposit — 216,444 216,444 Long-term investments: Corporate notes and bonds — 607,989 607,989 U.S. government and agency securities — 299,637 299,637 Certificates of deposit — 8,681 8,681 Derivative assets: Foreign currency forward contracts — 60 60 Total assets $ 533,211 $ 3,798,363 $ 4,331,574 Liabilities: Derivative liabilities: Foreign currency forward contracts $ — $ (745) $ (745) Total liabilities $ — $ (745) $ (745) The Company determines the fair value of its security holdings based on pricing from the Company’s service providers and market prices from industry-standard independent data providers. Such market prices may be quoted prices in active markets for identical assets (Level 1 inputs) or pricing determined using inputs other than quoted prices that are observable either directly or indirectly (Level 2 inputs), such as yield curve, volatility factors, credit spreads, default rates, loss severity, current market and contractual prices for the underlying instruments or debt, broker and dealer quotes, as well as other relevant economic measures. Strategic Investments The tables above do not include the Company’s strategic investments, which consist primarily of (i) non-marketable equity securities recorded at cost minus impairment, if any, and adjusted for observable transactions for the same or similar investments of the same issuer (referred to as the Measurement Alternative), and (ii) marketable equity securities. The Company’s non-marketable equity securities accounted for using the Measurement Alternative are recorded at fair value on a non-recurring basis and classified within Level 3 of the fair value hierarchy because significant unobservable inputs or data in an inactive market are used in estimating their fair value. The estimation of fair value for these assets requires the use of an observable transaction price or other unobservable inputs, including the volatility, rights, and obligations of the securities the Company holds. The Company’s marketable equity securities are recorded at fair value on a recurring basis and classified within Level 1 of the fair value hierarchy because they are valued using the quoted market price. The following table presents the Company’s strategic investments by type (in thousands): April 30, 2024 January 31, 2024 Equity securities: Non-marketable equity securities under Measurement Alternative $ 198,579 $ 190,238 Non-marketable equity securities under equity method 5,388 5,307 Marketable equity securities 12,606 37,320 Debt securities: Non-marketable debt securities 1,985 1,500 Total strategic investments—included in other assets $ 218,558 $ 234,365 The following table summarizes the gains and losses associated with the Company’s strategic investments in equity securities (in thousands): Three Months Ended April 30, 2024 2023 Unrealized losses on non-marketable equity securities under Measurement Alternative: Impairments $ (18,753) $ — Net unrealized losses on marketable equity securities (3,655) (2,414) Net unrealized losses on strategic investments in equity securities (22,408) (2,414) Net realized gains on marketable equity securities sold (1) 1,713 — Total—included in other expense, net $ (20,695) $ (2,414) ________________ (1) Represents the difference between the sale proceeds and the carrying value of the security at the beginning of the period or the purchase date, if later. The cumulative upward adjustments and the cumulative impairments to the carrying value of the non-marketable equity securities accounted for using the Measurement Alternative held by the Company as of April 30, 2024 were $37.1 million and $59.9 million, respectively.

Property and Equipment, Net

Property and Equipment, Net	3 Months Ended
	Apr. 30, 2024
Property, Plant and Equipment [Abstract]
Property and Equipment, Net	Property and Equipment, Net Property and equipment, net consisted of the following (in thousands): April 30, 2024 January 31, 2024 Leasehold improvements $ 96,281 $ 67,804 Computers, equipment, and software 46,092 29,859 Furniture and fixtures 22,233 17,593 Capitalized internal-use software development costs 150,350 93,222 Construction in progress—capitalized internal-use software development costs 37,807 78,737 Construction in progress—other 1,548 34,890 Total property and equipment, gross 354,311 322,105 Less: accumulated depreciation and amortization (1) (90,644) (74,641) Total property and equipment, net $ 263,667 $ 247,464 ________________ (1) Includes $40.4 million and $30.0 million of accumulated amortization related to capitalized internal-use software development costs as of April 30, 2024 and January 31, 2024, respectively. Depreciation and amortization expense was $16.8 million and $7.6 million for the three months ended April 30, 2024 and 2023, respectively. Included in these amounts was the amortization of capitalized internal-use software development costs of $10.9 million and $3.5 million for the three months ended April 30, 2024 and 2023, respectively. During the three months ended April 30, 2023, the Company recognized impairment charges of $7.1 million related to its capitalized internal-use software development costs previously included in construction in-progress that were no longer probable of being completed. Such impairment charges were recorded as research and development expenses on the condensed consolidated statements of operations. No impairment charge was recognized during the three months ended April 30, 2024.

Business Combinations

Business Combinations	3 Months Ended
	Apr. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Business Combinations	Business Combinations Fiscal 2024 Mountain US Corporation (formerly known as Mobilize.Net Corporation) On February 10, 2023, the Company acquired all outstanding stock of Mountain US Corporation (formerly known as Mobilize.Net Corporation) (Mountain), a privately-held company which provided a suite of tools for efficiently migrating databases to the AI Data Cloud, for $76.3 million in cash. The Company acquired Mountain primarily for its talent and developed technology. The Company has accounted for this transaction as a business combination. The purchase consideration was allocated to assets acquired and liabilities assumed based on their respective estimated fair values. The allocation of purchase consideration, inclusive of measurement period adjustments, was as follows: Estimated Fair Value Estimated Useful Life Cash and cash equivalents $ 11,594 Goodwill 46,426 Developed technology intangible asset 33,000 5 Other net tangible liabilities (6,623) Deferred tax liabilities, net (1) (8,136) Total $ 76,261 ________________ (1) Deferred tax liabilities, net primarily relates to the intangible asset acquired and the amount presented is net of deferred tax assets. The fair value of the developed technology intangible asset was estimated using the replacement cost method, which utilizes assumptions for the cost to replace it, such as time and resources required, as well as a theoretical profit margin and opportunity cost. The excess of purchase consideration over the fair values of identifiable net assets acquired was recorded as goodwill, which is not deductible for income tax purposes. The Company believes the goodwill balance associated with this business combination represents the synergies expected from strengthening enablement capabilities and the acceleration of legacy migrations to the AI Data Cloud, as well as expanding the Company’s professional services footprint. LeapYear Technologies, Inc. On February 10, 2023, the Company acquired all outstanding stock of LeapYear Technologies, Inc. (LeapYear), a privately-held company which provided a differential privacy platform, for $62.0 million in cash. The Company acquired LeapYear primarily for its talent and developed technology. The Company has accounted for this transaction as a business combination. The purchase consideration was allocated to assets acquired and liabilities assumed based on their respective estimated fair values. The allocation of purchase consideration, inclusive of measurement period adjustments, was as follows: Estimated Fair Value Estimated Useful Life Cash, cash equivalents, and restricted cash $ 3,563 Goodwill 9,029 Developed technology intangible asset 53,000 5 Other net tangible liabilities (1,434) Deferred tax liabilities, net (1) (2,150) Total $ 62,008 ________________ (1) Deferred tax liabilities, net primarily relates to the intangible asset acquired and the amount presented is net of deferred tax assets. The fair value of the developed technology intangible asset was estimated using the replacement cost method, which utilizes assumptions for the cost to replace it, such as time and resources required, as well as a theoretical profit margin and opportunity cost. The excess of purchase consideration over the fair values of identifiable net assets acquired was recorded as goodwill, which is not deductible for income tax purposes. The Company believes the goodwill balance associated with this business combination represents the synergies expected from expanded market opportunities when integrating the acquired developed technologies with the Company’s offerings. Acquisition-related costs, recorded as general and administrative expenses, associated with each of the business combinations above were not material during the three months ended April 30, 2023. Pro forma financial information has not been presented as the effects of each of the Mountain and LeapYear business combinations were not material to the Company’s condensed consolidated financial statements.

Intangible Assets and Goodwill

Intangible Assets and Goodwill	3 Months Ended
	Apr. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets and Goodwill	Intangible Assets and Goodwill Intangible Assets, Net Intangible assets, net consisted of the following (in thousands): April 30, 2024 Gross Accumulated Amortization Net Finite-lived intangible assets: Developed technology $ 243,596 $ (59,853) $ 183,743 Developer community 154,900 (63,072) 91,828 Assembled workforce 55,732 (26,384) 29,348 Patents 8,874 (6,652) 2,222 Total finite-lived intangible assets $ 463,102 $ (155,961) $ 307,141 Indefinite-lived intangible assets—trademarks 826 Total intangible assets, net $ 307,967 January 31, 2024 Gross Accumulated Amortization Net Finite-lived intangible assets: Developed technology $ 243,596 $ (47,919) $ 195,677 Developer community 154,900 (55,442) 99,458 Assembled workforce 55,732 (22,945) 32,787 Patents 8,874 (6,211) 2,663 Total finite-lived intangible assets $ 463,102 $ (132,517) $ 330,585 Indefinite-lived intangible assets—trademarks 826 Total intangible assets, net $ 331,411 Amortization expense of intangible assets was $23.4 million and $15.6 million for the three months ended April 30, 2024 and 2023, respectively. As of April 30, 2024, future amortization expense is expected to be as follows (in thousands): Amount Fiscal Year Ending January 31, Remainder of 2025 $ 71,341 2026 88,513 2027 84,360 2028 51,795 2029 11,132 Thereafter — Total $ 307,141 Goodwill

Accrued Expenses and Other Curr

Accrued Expenses and Other Current Liabilities	3 Months Ended
	Apr. 30, 2024
Payables and Accruals [Abstract]
Accrued Expenses and Other Current Liabilities	Accrued Expenses and Other Current Liabilities Accrued expenses and other current liabilities consisted of the following (in thousands): April 30, 2024 January 31, 2024 Accrued compensation $ 166,649 $ 205,056 Accrued third-party cloud infrastructure expenses 71,741 48,571 Liabilities associated with sales, marketing and business development programs 56,855 39,571 Employee contributions under employee stock purchase plan 15,943 40,641 Accrued taxes 11,926 37,108 Employee payroll tax withheld on employee stock transactions 11,728 22,479 Accrued professional services 9,397 9,274 Accrued purchases of property and equipment 9,121 4,508 Other 44,642 39,652 Total accrued expenses and other current liabilities $ 398,002 $ 446,860

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Apr. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Operating Leases —The Company leases its facilities for office space under non-cancelable operating leases with various expiration dates through fiscal 2035. Certain lease agreements include options to renew or terminate the lease, which are not reasonably certain to be exercised and therefore are not factored into the determination of lease payments. In addition, the Company subleases certain of its unoccupied facilities to third parties with various expiration dates through fiscal 2030. Such subleases have all been classified as operating leases. Sublease income is recorded as a reduction to the Company’s operating lease costs. Sublease income was $2.4 million and $3.1 million for the three months ended April 30, 2024 and 2023, respectively. In May 2024, the Company entered into an agreement related to a new office facility located in the United States. The lease will commence in fiscal 2025 with an expiration date in fiscal 2039. Total commitment, net of tenant incentives expected to be received, under the lease is estimated to be approximately $96 million. Other Contractual Commitments —Other contractual commitments relate mainly to third-party cloud infrastructure agreements and subscription arrangements used to facilitate the Company’s operations at the enterprise level. There were no material contractual obligations that were entered into during the three months ended April 30, 2024 that were outside the ordinary course of business. 401(k) Plan —The Company sponsors a 401(k) defined contribution plan covering all eligible U.S. employees. Contributions to the 401(k) plan are discretionary. The Company did not make any matching contributions to the 401(k) plan for each of the three months ended April 30, 2024 and 2023. Legal Matters —On March 23, 2021, a former employee filed a charge with the National Labor Relations Board (the NLRB) claiming that he was terminated in retaliation for engaging in concerted activity protected under the National Labor Relations Act. On September 15, 2023, following a hearing before a NLRB administrative law judge, the administrative law judge issued his ruling in favor of the former employee and ordered that he be awarded certain compensatory and other damages. The Company is appealing the ruling to the Board of the NLRB. The Company believes it is reasonably possible that a loss could ultimately result from an unfavorable outcome and that an estimate of the potential range of loss is between zero and $25 million, plus interest. No material loss accrual was recorded as of April 30, 2024 and January 31, 2024, because management believes the likelihood of material loss resulting from this charge is not probable given the further appellate proceedings that are due to take place. In addition, the Company is involved from time to time in various claims and legal actions arising in the ordinary course of business. While it is not feasible to predict or determine the ultimate outcome of these matters, the Company believes that none of its current legal proceedings will have a material adverse effect on its financial position, results of operations, or cash flows. Letters of Credit —As of April 30, 2024, the Company had a total of $18.7 million in cash collateralized letters of credit outstanding, substantially in favor of certain landlords for the Company’s leased facilities. These letters of credit renew annually and expire at various dates through fiscal 2033. Indemnification —The Company enters into indemnification provisions under agreements with other parties in the ordinary course of business, including business partners, investors, contractors, customers, and the Company’s officers, non-employee directors, and certain employees. The Company has agreed to indemnify and defend the indemnified party for claims and related losses suffered or incurred by the indemnified party from actual or threatened third-party claims due to the Company’s activities or non-compliance with certain representations and warranties made by the Company. It is not possible to determine the maximum potential loss under these indemnification provisions due to the Company’s limited history of prior indemnification claims and the unique facts and circumstances involved in each particular provision. For each of the three months ended April 30, 2024 and 2023, losses recorded in the condensed consolidated statements of operations in connection with the indemnification provisions were not material.

Equity

Equity	3 Months Ended
	Apr. 30, 2024
Share-Based Payment Arrangement [Abstract]
Equity	Equity Common Stock —The Company had reserved shares of common stock for future issuance as follows (in thousands): April 30, 2024 January 31, 2024 2012 Equity Incentive Plan: Options outstanding 25,296 26,767 Restricted stock units outstanding 388 789 2020 Equity Incentive Plan: Options outstanding 1,562 602 Restricted stock units outstanding 22,653 20,168 Shares available for future grants 71,037 59,371 2020 Employee Stock Purchase Plan: Shares available for future grants 16,759 13,764 Total shares of common stock reserved for future issuance 137,695 121,461 Stock Repurchase Program and Treasury Stock —In February 2023, the Company’s board of directors authorized a stock repurchase program of up to $2.0 billion of its outstanding Class A common stock. Repurchases may be effected, from time to time, either on the open market (including via pre-set trading plans), in privately negotiated transactions, or through other transactions in accordance with applicable securities laws. The program is funded using the Company’s working capital and will expire in March 2025. The timing and amount of any repurchases will be determined by management based on an evaluation of market conditions and other factors. The program does not obligate the Company to acquire any particular amount of common stock, and the repurchase program may be suspended or discontinued at any time at the Company’s discretion. The following table summarizes the stock repurchase activity under the Company’s stock repurchase program (in thousands, except per share data): Three Months Ended April 30, 2024 2023 Number of shares repurchased 2,982 1,405 Weighted-average price per share (1) $ 173.14 $ 136.39 Aggregate purchase price (1) $ 516,329 $ 191,694 ________________ (1) Includes transaction costs associated with the repurchases. As of April 30, 2024, $891.9 million remained available for future stock repurchases under the stock repurchase program. The first 0.5 million shares repurchased during the three months ended April 30, 2023 were recorded in treasury stock as a reduction to the stockholders’ equity on the condensed consolidated balance sheets. All shares of Class A common stock subsequently repurchased were retired. Upon retirement, the par value of the common stock repurchased was deducted from common stock and any excess of repurchase price (including associated transaction costs) over par value was recorded entirely to retained earnings (accumulated deficit) on the condensed consolidated balance sheets. Equity Incentive Plans —The Company’s 2020 Equity Incentive Plan (2020 Plan), which became effective in connection with its Initial Public Offering (IPO), provides for the grant of incentive stock options, nonqualified stock options, stock appreciation rights, restricted stock awards, restricted stock unit awards (RSUs), performance awards and other forms of equity compensation (collectively, equity awards). All shares that remain available for future grants are under the 2020 Plan. The Company’s 2012 Equity Incentive Plan (2012 Plan) provided for the grant of equity awards to employees, non-employee directors, and other service providers of the Company. The 2012 Plan was terminated in September 2020 in connection with the IPO but continues to govern the terms of outstanding awards that were granted prior to the termination of the 2012 Plan. Upon the expiration, forfeiture, cancellation, or reacquisition of any shares of common stock underlying outstanding equity awards granted under the 2012 Plan, an equal number of shares of Class A common stock will become available for grant under the 2020 Plan. No further equity awards will be granted under the 2012 Plan. The Company’s 2020 Employee Stock Purchase Plan (2020 ESPP), which became effective in connection with the IPO, authorizes the issuance of shares of common stock pursuant to purchase rights granted to employees. Offering periods are generally six months long and begin on March 15 and September 15 of each year, except for the first two offering periods. The initial offering period began on September 15, 2020 and ended on February 26, 2021. The second offering period began on March 1, 2021 and ended on September 14, 2021. On February 1, 2024, the shares available for grant under the 2020 Plan and the 2020 ESPP were automatically increased by 16.7 million shares and 3.3 million shares, respectively, pursuant to the annual evergreen increase provisions under the 2020 Plan and the 2020 ESPP. Stock Options —Stock options granted under the 2012 Plan and the 2020 Plan (collectively, the Plans) generally vest based on continued service over four years and expire ten years from the date of grant. Certain stock options granted under the 2012 Plan are exercisable at any time following the date of grant and expire ten years from the date of grant. A summary of stock option activity during the three months ended April 30, 2024 is as follows: Number of Shares Weighted- Weighted-Average Remaining Contractual Life Aggregate Balance—January 31, 2024 27,369 $ 12.35 5.0 $ 5,023,664 Granted 960 $ 163.04 Exercised (1,379) $ 7.69 Canceled (92) $ 3.75 Balance—April 30, 2024 26,858 $ 18.01 4.8 $ 3,723,873 Vested and exercisable as of April 30, 2024 25,584 $ 10.61 4.7 $ 3,715,804 During the three months ended April 30, 2024, the Company granted a stock option with a grant-date fair value of $77.89 per share. No options were granted during the three months ended April 30, 2023. The intrinsic value of options exercised in the three months ended April 30, 2024 and 2023 was $241.8 million and $321.7 million, respectively. The aggregate grant-date fair value of options that vested during the three months ended April 30, 2024 and 2023 was $7.3 million and $16.5 million, respectively. Equity-Classified RSUs —RSUs granted under the 2012 Plan are equity-classified and had both service-based and performance-based vesting conditions, of which the performance-based vesting condition was satisfied upon the effectiveness of the IPO in September 2020. The service-based vesting condition for these awards is typically satisfied over four years with a cliff vesting period of one year and continued vesting quarterly thereafter. Stock-based compensation associated with RSUs granted under the 2012 Plan was recognized using an accelerated attribution method from the time it was deemed probable that the vesting condition was met through the time the service-based vesting condition had been achieved. Equity-classified RSUs granted under the 2020 Plan include those that only contain a service-based vesting condition that is typically satisfied over four years, and the related stock-based compensation for these RSUs is recognized on a straight-line basis over the requisite service period. In addition, during each of the three months ended April 30, 2024 and 2023, the Company granted, under the 2020 Plan, equity-classified RSUs that have both service-based and performance-based vesting conditions (Leadership PRSUs) to its executive officers and certain other members of its senior leadership team. The service-based vesting condition for these Leadership PRSUs is typically satisfied over four years with a cliff vesting period of one year and continued vesting quarterly thereafter. The performance-based vesting condition is satisfied upon the achievement of certain Company annual performance targets set by the compensation committee of the board of directors of the Company. The ultimate number of the Leadership PRSUs eligible to vest ranges between 0% to 120% of the target number of the Leadership PRSUs based on the weighted-average achievement of such Company annual performance metrics for the respective fiscal year. Stock-based compensation associated with these Leadership PRSUs is recognized using an accelerated attribution method over the requisite service period, based on the Company’s periodic assessment of the probability that the performance condition will be achieved. The Company recognized stock-based compensation of $12.5 million and $3.9 million associated with Leadership PRSUs during the three months ended April 30, 2024 and 2023, respectively. A summary of equity-classified RSUs activity during the three months ended April 30, 2024 is as follows: Number of Shares Weighted-Average Grant Date Unvested Balance—January 31, 2024 19,575 $ 169.82 Granted (1) 5,869 $ 167.74 Vested (3,202) $ 162.47 Forfeited (533) $ 168.85 Performance adjustment (2) (50) $ 139.58 Unvested Balance—April 30, 2024 21,659 $ 170.44 ________________ (1) Includes 0.8 million Leadership PRSUs granted at 120% of the target number of these awards, which represents the maximum number of Leadership PRSUs that may be eligible to vest with respect to these awards over their full term. (2) Represents an adjustment in the number of shares outstanding, with regards to Leadership PRSUs granted during the three months ended April 30, 2023, based on the actual achievement of the associated Company annual performance targets for fiscal 2024. Liability-Classified RSUs —During the fourth quarter of fiscal 2024, in connection with a business combination, the Company agreed to grant, under the 2020 Plan, RSUs that contain both post-combination service-based and performance-based vesting conditions (Acquisition PRSUs) to eligible existing or future employees, subject to a maximum total number of approximately 1.7 million shares. The post-combination service-based vesting condition for these Acquisition PRSUs is satisfied over four years with a cliff vesting period of one year and continued vesting quarterly thereafter. The performance-based vesting condition is contingent on the achievement of certain performance metric over the twelve-month period ending January 31, 2027. Acquisition PRSUs will vest when both service-based and performance-based conditions are satisfied. The ultimate number of Acquisition PRSUs eligible to vest is determined based on the actual achievement of the performance metric, which takes into account certain factors including the Company’s stock price and market capitalization. Once granted, Acquisition PRSUs are initially liability-classified and recorded in other liabilities on the Company’s condensed consolidated balance sheets, as the monetary value of the obligation under each potential outcome of the performance condition is predominantly based on a fixed monetary amount known at inception and will be settled in a variable number of shares. Subsequently, these awards are remeasured to the fair value at each reporting date until the number of Acquisition PRSUs eligible to vest is fixed, at which time these awards will be reclassified to equity. Stock-based compensation associated with these awards is recognized based on the probable outcome of the performance condition, using an accelerated attribution method over the requisite service period, with a cumulative catch-up adjustment recognized for changes in the fair value estimated at each reporting date. As of April 30, 2024 and January 31, 2024, 1.4 million shares of these Acquisition PRSUs had been granted and remained unvested, and the associated liabilities were $3.2 million and $0.5 million, respectively. Stock-based compensation recognized for these Acquisition PRSUs was not material for the three months ended April 30, 2024. Restricted Common Stock —From time to time, the Company has granted restricted common stock outside of the Plans. Restricted common stock is not deemed to be outstanding for accounting purposes until it vests. A summary of restricted common stock activity during the three months ended April 30, 2024 is as follows: Outside of the Plans Number of Shares Weighted-Average Grant Date Unvested Balance—January 31, 2024 671 $ 209.15 Vested (146) $ 223.42 Unvested Balance—April 30, 2024 525 $ 205.15 Stock-Based Compensation — The following table summarizes the assumptions used in estimating the fair value of a stock option granted to an employee during the three months ended April 30, 2024: Three Months Ended April 30, 2024 Expected term (in years) 4.8 Expected volatility 56.7 % Risk-free interest rate 4.2 % Expected dividend yield — % In addition, for the stock option granted during the three months ended April 30, 2024, the shares to be issued upon exercise are subject to a one-year holding period. As such, the Company applied a 7.6% discount for lack of marketability to the fair value estimated using the Black-Scholes option-pricing model, based on the assumptions included in the table above. No stock options were granted during the three months ended April 30, 2023. The following table summarizes the assumptions used in estimating the fair value of employee stock purchase rights granted under the 2020 ESPP during the three months ended April 30, 2024 and 2023: Three Months Ended April 30, 2024 2023 Expected term (in years) 0.5 0.5 Expected volatility 49.6 % 71.3 % Risk-free interest rate 5.4 % 4.7 % Expected dividend yield — % — % Expected term —For stock options considered to be “plain vanilla” options, the Company estimates the expected term based on the simplified method, which is essentially the weighted average of the vesting period and contractual term, as the Company’s historical option exercise experience does not provide a reasonable basis upon which to estimate the expected term. The expected term for employee stock purchase rights granted under the 2020 ESPP (ESPP Rights) approximates the offering period. Expected volatility —In fiscal 2023 and 2024, the Company used the average volatility of its Class A common stock and the stocks of a peer group of representative public companies to develop an expected volatility assumption. During the three months ended April 30, 2024, the Company began using the average of (i) the historical volatility of its Class A common stock, and (ii) the implied volatility from publicly traded options on its Class A common stock to develop an expected volatility assumption. Risk-free interest rate —Risk-free rate is estimated based upon quoted market yields for the United States Treasury debt securities for a term consistent with the expected life of the awards in effect at the time of grant. Expected dividend yield —Because the Company has never paid and has no intention to pay cash dividends on common stock, the expected dividend yield is zero. Fair value of underlying common stock —Since the completion of the IPO, the fair value of the Company’s common stock is determined by the closing price, on the date of grant, of its common stock, which is traded on the New York Stock Exchange. The following table summarizes the assumptions used in estimating the fair value of liability-classified Acquisition PRSUs as of April 30, 2024 and January 31, 2024: April 30, 2024 January 31, 2024 Expected volatility 57.0 % 60.0 % Risk-free interest rate 4.9 % 4.0 % Expected volatility —In fiscal 2024, expected volatility was estimated based on the historical volatility of the Company’s Class A common stock. During the three months ended April 30, 2024, the Company began using the average of (i) the historical volatility of its Class A common stock, and (ii) the implied volatility from publicly traded options on its Class A common stock to develop an expected volatility assumption. Risk-free interest rate —Risk-free rate is estimated based upon quoted market yields for the United States Treasury debt securities for a term that approximates the period from the reporting date to January 31, 2027. Stock-based compensation included in the condensed consolidated statements of operations was as follows (in thousands): Three Months Ended April 30, 2024 2023 Cost of revenue $ 32,408 $ 30,462 Sales and marketing 73,407 72,295 Research and development 194,672 136,417 General and administrative 31,449 25,335 Stock-based compensation, net of amounts capitalized 331,936 264,509 Capitalized stock-based compensation 9,295 11,719 Total stock-based compensation $ 341,231 $ 276,228 As of April 30, 2024, total compensation cost related to unvested awards not yet recognized was $3.6 billion, which will be recognized over a weighted-average period of 3.0 years.

Income Taxes

Income Taxes	3 Months Ended
	Apr. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company computes its tax provision for interim periods by applying the estimated annual effective tax rate to year-to-date pre-tax income from recurring operations and adjusting for discrete tax items arising in that quarter. The Company had an effective tax rate of (0.9%) and 2.8% for the three months ended April 30, 2024 and 2023, respectively. The Company has incurred U.S. operating losses and has minimal profits in foreign jurisdictions. The Company has evaluated all available evidence, both positive and negative, including historical levels of income and expectations and risks associated with estimates of future taxable income, and has determined that it is more likely than not that its net deferred tax assets will not be realized in the United States and the United Kingdom. Due to uncertainties surrounding the realization of the deferred tax assets, the Company maintains a full valuation allowance against its net deferred tax assets. The Company is subject to income taxes in the United States and numerous foreign jurisdictions. As of April 30, 2024, tax years 2012 and forward generally remain open for examination for U.S. federal and state tax purposes, and tax years 2019 and forward generally remain open for examination for foreign tax purposes. The Company has applied ASC 740 and determined that it has uncertain tax positions giving rise to unrecognized tax benefits for each of the three months ended April 30, 2024 and 2023. The Company’s policy is to recognize interest and penalties related to uncertain tax positions in income tax expense. The Company does not anticipate any significant changes to unrecognized tax benefits over the next 12 months. None of the unrecognized tax benefits are currently expected to impact the Company’s effective tax rate, if realized, as a result of the full valuation allowance. On August 16, 2022, President Biden signed the Inflation Reduction Act of 2022 (the Inflation Act) into law. The Inflation Act contains certain tax measures, including a corporate alternative minimum tax of 15% on some large corporations and an excise tax of 1% on stock repurchases. For the three months ended April 30, 2024, the Inflation Act had no material impact to the Company, including its stock repurchase program. The Company is continuing to evaluate the various provisions of the Inflation Act and does not anticipate the impact, if any, will be material to the Company.

Net Loss per Share

Net Loss per Share	3 Months Ended
	Apr. 30, 2024
Earnings Per Share [Abstract]
Net Loss per Share	Net Loss per Share Basic and diluted net loss per share attributable to Snowflake Inc. Class A common stockholders is computed in conformity with the two-class method required for participating securities. The Company considers unvested common stock to be participating securities, as the holders of such stock have the right to receive nonforfeitable dividends on a pari passu basis in the event that a dividend is declared on common stock. Basic net loss per share attributable to Snowflake Inc. Class A common stockholders is computed by dividing net loss attributable to Snowflake Inc. Class A common stockholders by the weighted-average number of shares of Snowflake Inc. Class A common stock outstanding during the period, which excludes treasury stock. Diluted net loss per share attributable to Snowflake Inc. Class A common stockholders is computed by giving effect to all potentially dilutive Snowflake Inc. Class A common stock equivalents to the extent they are dilutive. For purposes of this calculation, stock options, RSUs, restricted common stock, early exercised stock options, and ESPP Rights are considered to be common stock equivalents but have been excluded from the calculation of diluted net loss per share attributable to Snowflake Inc. Class A common stockholders as their effect is anti-dilutive for all periods presented. The following table presents the calculation of basic and diluted net loss per share attributable to Snowflake Inc. Class A common stockholders (in thousands, except per share data): Three Months Ended April 30, 2024 2023 Numerator: Net loss $ (317,816) $ (226,064) Less: net loss attributable to noncontrolling interest (828) (437) Net loss attributable to Snowflake Inc. Class A common stockholders $ (316,988) $ (225,627) Denominator: Weighted-average shares used in computing net loss per share attributable to Snowflake Inc. Class A common stockholders—basic and diluted 333,584 324,157 Net loss per share attributable to Snowflake Inc. Class A common stockholders—basic and diluted $ (0.95) $ (0.70) No Class B common stock was outstanding during any periods presented. The following potentially dilutive securities were excluded from the calculation of diluted net loss per share attributable to Snowflake Inc. Class A common stockholders for the periods presented because the impact of including them would have been anti-dilutive (in thousands): Three Months Ended April 30, 2024 2023 Stock options 26,858 33,428 RSUs 23,041 20,544 Unvested restricted common stock and early exercised stock options 525 298 Employee stock purchase rights under the 2020 ESPP 111 80 Total 50,535 54,350

Related Party Transactions

Related Party Transactions	3 Months Ended
	Apr. 30, 2024
Related Party Transactions [Abstract]
Related Party Transactions	A member of the Company’s board of directors currently serves as the Chief Executive Officer of a privately-held company (the Related Party), which has been the Company’s customer since 2018. During the three months ended April 30, 2024, as a minority investor, the Company made a strategic investment of approximately $5.0 million by purchasing non-marketable equity securities issued by the Related Party. Revenue recognized from the Related Party was not material for each of the three months ended April 30, 2024 and 2023. Additionally, as of April 30, 2024 and January 31, 2024, the Company did not have material accounts receivable balance due from the Related Party.

Subsequent Event

Subsequent Event	3 Months Ended
	Apr. 30, 2024
Subsequent Events [Abstract]
Subsequent Event	Subsequent Event As set forth in Note 10, “Commitments and Contingencies,” in May 2024, the Company entered into an agreement related to a new office facility located in the United States. The lease will commence in fiscal 2025 with an expiration date in fiscal 2039. Total commitment, net of tenant incentives expected to be received, under the lease is estimated to be approximately $96 million. The Company will recognize the related right-of-use asset and lease liability, which have not yet been determined, at the lease commencement date.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2024	Apr. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss) Attributable to Parent	$ (316,988)	$ (225,627)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Apr. 30, 2024 shares
Trading Arrangements, by Individual
Material Terms of Trading Arrangement	Trading Arrangement Action Date Rule 10b5-1* Non-Rule 10b5-1** Total Shares Subject to Trading Arrangement Expiration Date Frank Slootman, Director Adopted March 25, 2024 X 1,024,562 (1) December 17, 2024 Grzegorz J. Czajkowski, EVP, Engineering & Support Terminated March 27, 2024 (2) X 561,001 (1) March 31, 2025 Grzegorz J. Czajkowski, EVP, Engineering & Support Adopted March 27, 2024 X 1,279,758 (1) June 24, 2025 Teresa Briggs, Director Adopted March 29, 2024 X 848 July 9, 2024 Benoit Dageville, President of Products and Director Adopted March 29, 2024 X 420,136 (1)(3) June 27, 2025 * Intended to satisfy the affirmative defense of Rule 10b5-1(c) ** Not intended to satisfy the affirmative defense of Rule 10b5-1(c) (1) The actual number of shares subject to the trading arrangement under the Rule 10b5-1 Plan may be different due to (i) our withholding of certain shares to satisfy tax withholding obligations in connection with the vesting of restricted stock units and/or (ii) the amount of whole shares distributed in connection with the vesting of restricted stock units due to rounding, as applicable. (2) The trading arrangement was originally adopted on December 22, 2023. (3) The trading arrangement provides for a gift of up to 90,000 shares of our common stock. No other directors or officers, as defined in Rule 16a-1(f), adopted and/or terminated a “Rule 10b5-1 trading arrangement” or a “non-Rule 10b5-1 trading arrangement,” as defined in Regulation S-K Item 408, during the last fiscal quarter.
Non-Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Terminated	false
Frank Slootman [Member]
Trading Arrangements, by Individual
Name	Frank Slootman
Title	Director
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	March 25, 2024
Arrangement Duration	267 days
Aggregate Available	1,024,562
Teresa Briggs [Member]
Trading Arrangements, by Individual
Name	Teresa Briggs
Title	Director
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	March 29, 2024
Arrangement Duration	102 days
Aggregate Available	848
Benoit Dageville [Member]
Trading Arrangements, by Individual
Name	Benoit Dageville
Title	President of Products and Director
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	March 29, 2024
Arrangement Duration	455 days
Aggregate Available	420,136
Grzegorz J. Czajkowski December 2023 Plan [Member] | Grzegorz J. Czajkowski [Member]
Trading Arrangements, by Individual
Name	Grzegorz J. Czajkowski
Title	EVP, Engineering & Support
Rule 10b5-1 Arrangement Terminated	true
Termination Date	March 27, 2024
Grzegorz J. Czajkowski March 2024 Plan [Member] | Grzegorz J. Czajkowski [Member]
Trading Arrangements, by Individual
Name	Grzegorz J. Czajkowski
Title	EVP, Engineering & Support
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	March 27, 2024
Arrangement Duration	454 days
Aggregate Available	1,279,758

Basis of Presentation and Sum_2

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Apr. 30, 2024
Accounting Policies [Abstract]
Fiscal Year	Fiscal Year The Company’s fiscal year ends on January 31. For example, references to fiscal 2025 refer to the fiscal year ending January 31, 2025.
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) and applicable rules and regulations of the U.S. Securities and Exchange Commission (SEC) regarding interim financial reporting. Accordingly, they do not include all disclosures normally required in annual consolidated financial statements prepared in accordance with GAAP. Therefore, these unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes included in the Company’s Annual Report on Form 10-K for the fiscal year ended January 31, 2024, which was filed with the SEC on March 26, 2024.
Principles of Consolidation	Principles of Consolidation The condensed consolidated financial statements include the accounts of Snowflake Inc., its wholly-owned subsidiaries, and a majority-owned subsidiary in which the Company has a controlling financial interest. All intercompany transactions and balances have been eliminated in consolidation. The Company records noncontrolling interest in its condensed consolidated financial statements to recognize the minority ownership interest in its majority-owned subsidiary. Profits and losses of the majority-owned subsidiary are attributed to controlling and noncontrolling interests using the hypothetical liquidation at book value method.
Segment Information	Segment Information
Use of Estimates	Use of Estimates The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. Such estimates include, but are not limited to, stand-alone selling prices (SSP) for each distinct performance obligation, internal-use software development costs, the expected period of benefit for deferred commissions, the fair value of intangible assets acquired in business combinations, the useful lives of long-lived assets, the carrying value of operating lease right-of-use assets, stock-based compensation, accounting for income taxes, and the fair value of investments in marketable and non-marketable securities.
Remaining Performance Obligations	Remaining Performance Obligations
Fair Value of Financial Instruments	Fair Value Measurements Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (an exit price) in an orderly transaction between market participants at the reporting date. The accounting guidance establishes a three-tiered hierarchy, which prioritizes the inputs used in the valuation methodologies in measuring fair value as follows: Level 1 Inputs: Unadjusted quoted prices in active markets for identical assets or liabilities accessible to the reporting entity at the measurement date. Level 2 Inputs: Other than quoted prices included in Level 1 inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the asset or liability. Level 3 Inputs: Unobservable inputs for the asset or liability used to measure fair value to the extent that observable inputs are not available, thereby allowing for situations in which there is little, if any, market activity for the asset or liability at the measurement date. The Company determines the fair value of its security holdings based on pricing from the Company’s service providers and market prices from industry-standard independent data providers. Such market prices may be quoted prices in active markets for identical assets (Level 1 inputs) or pricing determined using inputs other than quoted prices that are observable either directly or indirectly (Level 2 inputs), such as yield curve, volatility factors, credit spreads, default rates, loss severity, current market and contractual prices for the underlying instruments or debt, broker and dealer quotes, as well as other relevant economic measures.
Strategic Investments	Strategic Investments The tables above do not include the Company’s strategic investments, which consist primarily of (i) non-marketable equity securities recorded at cost minus impairment, if any, and adjusted for observable transactions for the same or similar investments of the same issuer (referred to as the Measurement Alternative), and (ii) marketable equity securities. The Company’s non-marketable equity securities accounted for using the Measurement Alternative are recorded at fair value on a non-recurring basis and classified within Level 3 of the fair value hierarchy because significant unobservable inputs or data in an inactive market are used in estimating their fair value. The estimation of fair value for these assets requires the use of an observable transaction price or other unobservable inputs, including the volatility, rights, and obligations of the securities the Company holds. The Company’s marketable equity securities are recorded at fair value on a recurring basis and classified within Level 1 of the fair value hierarchy because they are valued using the quoted market price.
Net Loss Per Share	Net Loss per Share Basic and diluted net loss per share attributable to Snowflake Inc. Class A common stockholders is computed in conformity with the two-class method required for participating securities. The Company considers unvested common stock to be participating securities, as the holders of such stock have the right to receive nonforfeitable dividends on a pari passu basis in the event that a dividend is declared on common stock. Basic net loss per share attributable to Snowflake Inc. Class A common stockholders is computed by dividing net loss attributable to Snowflake Inc. Class A common stockholders by the weighted-average number of shares of Snowflake Inc. Class A common stock outstanding during the period, which excludes treasury stock. Diluted net loss per share attributable to Snowflake Inc. Class A common stockholders is computed by giving effect to all potentially dilutive Snowflake Inc. Class A common stock equivalents to the extent they are dilutive. For purposes of this calculation, stock options, RSUs, restricted common stock, early exercised stock options, and ESPP Rights are considered to be common stock equivalents but have been excluded from the calculation of diluted net loss per share attributable to Snowflake Inc. Class A common stockholders as their effect is anti-dilutive for all periods presented.
Recently Issued Accounting Pronouncements Not Yet Adopted	Recently Issued Accounting Pronouncements Not Yet Adopted In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures , which requires disclosure, on an annual and interim basis, of significant segment expenses that are regularly provided to the chief operating decision maker and included within each reported measure of segment profit and loss, and an amount for other segment items by reportable segment and a description of its composition. This guidance also requires disclosures on the title and position of the chief operating decision maker and an explanation of how the chief operating decision maker uses the reported measures of segment profit or loss in assessing segment performance and deciding how to allocate resources, and interim disclosures of reportable segment’s profit or loss and assets. This guidance is effective for the Company for its fiscal year beginning February 1, 2024 and interim periods within its fiscal year beginning February 1, 2025 on a retrospective basis. Early adoption is permitted. The Company is currently evaluating the impact of the adoption of this guidance on its condensed consolidated financial statements and disclosures. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures , which requires annual disclosure on disaggregation of rate reconciliation categories and income taxes paid by jurisdiction. This guidance is effective for the Company for its fiscal year beginning February 1, 2025 on a prospective basis. Early adoption and retrospective application are permitted. The Company is currently evaluating the impact of the adoption of this guidance on its condensed consolidated financial statements and disclosures.

Basis of Presentation and Sum_3

Basis of Presentation and Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Apr. 30, 2024
Accounting Policies [Abstract]
Summary of Long-lived Assets by Geographic Areas	The following table presents the Company’s long-lived assets, comprising property and equipment, net and operating lease right-of-use assets, by geographic area (in thousands): April 30, 2024 January 31, 2024 United States $ 387,161 $ 379,664 Other (1) 121,187 119,928 Total $ 508,348 $ 499,592 ________________ (1) No individual country outside of the United States accounted for more than 10% of the Company’s long-lived assets as of April 30, 2024 and January 31, 2024.

Revenue, Accounts Receivable,_2

Revenue, Accounts Receivable, Deferred Revenue, and Remaining Performance Obligations (Tables)	3 Months Ended
	Apr. 30, 2024
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	Revenue consists of the following (in thousands): Three Months Ended April 30, 2024 2023 Product revenue $ 789,587 $ 590,072 Professional services and other revenue 39,122 33,527 Total $ 828,709 $ 623,599
Revenue from External Customers by Geographic Areas	Revenue by geographic area, based on the location of the Company’s customers (or end-customers under reseller arrangements), was as follows (in thousands): Three Months Ended April 30, 2024 2023 Americas: United States $ 632,041 $ 482,989 Other Americas (1) 23,735 16,856 EMEA (1)(2) 131,657 94,890 Asia-Pacific and Japan (1) 41,276 28,864 Total $ 828,709 $ 623,599 ________________ (1) No individual country in these areas represented more than 10% of the Company’s revenue for all periods presented. (2) Includes Europe, the Middle East, and Africa.

Cash Equivalents and Investme_2

Cash Equivalents and Investments (Tables)	3 Months Ended
	Apr. 30, 2024
Investments, Debt and Equity Securities [Abstract]
Schedule of Cash and Cash Equivalents	The following is a summary of the Company’s cash equivalents, short-term investments, and long-term investments on the condensed consolidated balance sheets (in thousands): April 30, 2024 Amortized Gross Gross Estimated Cash equivalents: Money market funds $ 492,568 $ — $ — $ 492,568 U.S. government securities 367,494 — (1) 367,493 Time deposits 58,145 — — 58,145 Commercial paper 53,742 — (7) 53,735 Corporate notes and bonds 34,423 1 (13) 34,411 Total cash equivalents 1,006,372 1 (21) 1,006,352 Investments: Corporate notes and bonds 1,496,420 901 (6,658) 1,490,663 U.S. government and agency securities 785,243 — (6,125) 779,118 Commercial paper 528,809 37 (798) 528,048 Certificates of deposit 331,079 153 (145) 331,087 Total investments 3,141,551 1,091 (13,726) 3,128,916 Total cash equivalents and investments $ 4,147,923 $ 1,092 $ (13,747) $ 4,135,268 January 31, 2024 Amortized Gross Gross Estimated Cash equivalents: U.S. government securities $ 742,235 $ 1 $ (2) $ 742,234 Money market funds 533,211 — — 533,211 Time deposits 56,263 — — 56,263 Total cash equivalents 1,331,709 1 (2) 1,331,708 Investments: Corporate notes and bonds 1,549,151 1,959 (3,394) 1,547,716 U.S. government and agency securities 877,496 574 (4,653) 873,417 Commercial paper 353,525 154 (131) 353,548 Certificates of deposit 224,869 271 (15) 225,125 Total investments 3,005,041 2,958 (8,193) 2,999,806 Total cash equivalents and investments $ 4,336,750 $ 2,959 $ (8,195) $ 4,331,514
Schedule of Debt Securities, Available-for-Sale	The following is a summary of the Company’s cash equivalents, short-term investments, and long-term investments on the condensed consolidated balance sheets (in thousands): April 30, 2024 Amortized Gross Gross Estimated Cash equivalents: Money market funds $ 492,568 $ — $ — $ 492,568 U.S. government securities 367,494 — (1) 367,493 Time deposits 58,145 — — 58,145 Commercial paper 53,742 — (7) 53,735 Corporate notes and bonds 34,423 1 (13) 34,411 Total cash equivalents 1,006,372 1 (21) 1,006,352 Investments: Corporate notes and bonds 1,496,420 901 (6,658) 1,490,663 U.S. government and agency securities 785,243 — (6,125) 779,118 Commercial paper 528,809 37 (798) 528,048 Certificates of deposit 331,079 153 (145) 331,087 Total investments 3,141,551 1,091 (13,726) 3,128,916 Total cash equivalents and investments $ 4,147,923 $ 1,092 $ (13,747) $ 4,135,268 January 31, 2024 Amortized Gross Gross Estimated Cash equivalents: U.S. government securities $ 742,235 $ 1 $ (2) $ 742,234 Money market funds 533,211 — — 533,211 Time deposits 56,263 — — 56,263 Total cash equivalents 1,331,709 1 (2) 1,331,708 Investments: Corporate notes and bonds 1,549,151 1,959 (3,394) 1,547,716 U.S. government and agency securities 877,496 574 (4,653) 873,417 Commercial paper 353,525 154 (131) 353,548 Certificates of deposit 224,869 271 (15) 225,125 Total investments 3,005,041 2,958 (8,193) 2,999,806 Total cash equivalents and investments $ 4,336,750 $ 2,959 $ (8,195) $ 4,331,514
Schedule of Available For Sale Securities Remaining Contractual Maturity	The estimated fair values of available-for-sale marketable debt securities, classified as short-term or long-term investments on the Company’s condensed consolidated balance sheets, by remaining contractual maturity, are as follows (in thousands): April 30, 2024 Estimated Due within 1 year $ 2,200,935 Due in 1 year to 3 years 927,981 Total $ 3,128,916
Schedule of Debt Securities, Available-for-sale, Unrealized Loss Position, Fair Value	The following tables show the fair values of, and the gross unrealized losses on, the Company’s available-for-sale marketable debt securities, classified by the length of time that the securities have been in a continuous unrealized loss position and aggregated by investment type, on the condensed consolidated balance sheets (in thousands): April 30, 2024 Less than 12 Months 12 Months or Greater Total Fair Value Gross Fair Value Gross Fair Value Gross Cash equivalents: U.S. government securities $ 257,696 $ (1) $ — $ — $ 257,696 $ (1) Commercial paper 42,735 (7) — — 42,735 (7) Corporate notes and bonds 21,406 (13) — — 21,406 (13) Total cash equivalents 321,837 (21) — — 321,837 (21) Investments: Corporate notes and bonds 974,840 (5,218) 206,956 (1,440) 1,181,796 (6,658) U.S. government and agency securities 628,114 (3,628) 151,004 (2,497) 779,118 (6,125) Commercial paper 422,472 (798) — — 422,472 (798) Certificates of deposit 109,602 (145) — — 109,602 (145) Total investments 2,135,028 (9,789) 357,960 (3,937) 2,492,988 (13,726) Total cash equivalents and investments $ 2,456,865 $ (9,810) $ 357,960 $ (3,937) $ 2,814,825 $ (13,747) January 31, 2024 Less than 12 Months 12 Months or Greater Total Fair Value Gross Fair Value Gross Fair Value Gross Cash equivalents: U.S. government securities $ 338,893 $ (2) $ — $ — $ 338,893 $ (2) Total cash equivalents 338,893 (2) — — 338,893 (2) Investments: Corporate notes and bonds 625,766 (1,259) 321,952 (2,135) 947,718 (3,394) U.S. government and agency securities 525,408 (1,323) 191,863 (3,330) 717,271 (4,653) Commercial paper 172,422 (131) — — 172,422 (131) Certificates of deposit 71,813 (15) — — 71,813 (15) Total investments 1,395,409 (2,728) 513,815 (5,465) 1,909,224 (8,193) Total cash equivalents and investments $ 1,734,302 $ (2,730) $ 513,815 $ (5,465) $ 2,248,117 $ (8,195)

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Apr. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value, Assets Measured on Recurring Basis	The following table presents the fair value hierarchy for the Company’s assets and liabilities measured at fair value on a recurring basis as of April 30, 2024 (in thousands): Level 1 Level 2 Total Assets: Cash equivalents: Money market funds $ 492,568 $ — $ 492,568 U.S. government securities — 367,493 367,493 Time deposits — 58,145 58,145 Commercial paper — 53,735 53,735 Corporate notes and bonds — 34,411 34,411 Short-term investments: Corporate notes and bonds — 834,770 834,770 Commercial paper — 528,048 528,048 U.S. government and agency securities — 518,716 518,716 Certificates of deposit — 319,401 319,401 Long-term investments: Corporate notes and bonds — 655,893 655,893 U.S. government and agency securities — 260,402 260,402 Certificates of deposit — 11,686 11,686 Derivative assets: Foreign currency forward contracts — 1,041 1,041 Total assets $ 492,568 $ 3,643,741 $ 4,136,309 Liabilities: Derivative liabilities: Foreign currency forward contracts $ — $ (1,512) $ (1,512) Total liabilities $ — $ (1,512) $ (1,512) The following table presents the fair value hierarchy for the Company’s assets and liabilities measured at fair value on a recurring basis as of January 31, 2024 (in thousands): Level 1 Level 2 Total Assets: Cash equivalents: U.S. government securities $ — $ 742,234 $ 742,234 Money market funds 533,211 — 533,211 Time deposits — 56,263 56,263 Short-term investments: Corporate notes and bonds — 939,727 939,727 U.S. government and agency securities — 573,780 573,780 Commercial paper — 353,548 353,548 Certificates of deposit — 216,444 216,444 Long-term investments: Corporate notes and bonds — 607,989 607,989 U.S. government and agency securities — 299,637 299,637 Certificates of deposit — 8,681 8,681 Derivative assets: Foreign currency forward contracts — 60 60 Total assets $ 533,211 $ 3,798,363 $ 4,331,574 Liabilities: Derivative liabilities: Foreign currency forward contracts $ — $ (745) $ (745) Total liabilities $ — $ (745) $ (745)
Schedule of Fair Value Measurements	The following table presents the Company’s strategic investments by type (in thousands): April 30, 2024 January 31, 2024 Equity securities: Non-marketable equity securities under Measurement Alternative $ 198,579 $ 190,238 Non-marketable equity securities under equity method 5,388 5,307 Marketable equity securities 12,606 37,320 Debt securities: Non-marketable debt securities 1,985 1,500 Total strategic investments—included in other assets $ 218,558 $ 234,365
Unrealized Gain (Loss) on Investments	The following table summarizes the gains and losses associated with the Company’s strategic investments in equity securities (in thousands): Three Months Ended April 30, 2024 2023 Unrealized losses on non-marketable equity securities under Measurement Alternative: Impairments $ (18,753) $ — Net unrealized losses on marketable equity securities (3,655) (2,414) Net unrealized losses on strategic investments in equity securities (22,408) (2,414) Net realized gains on marketable equity securities sold (1) 1,713 — Total—included in other expense, net $ (20,695) $ (2,414) ________________ (1) Represents the difference between the sale proceeds and the carrying value of the security at the beginning of the period or the purchase date, if later.
Realized Gain (Loss) on Investments	The following table summarizes the gains and losses associated with the Company’s strategic investments in equity securities (in thousands): Three Months Ended April 30, 2024 2023 Unrealized losses on non-marketable equity securities under Measurement Alternative: Impairments $ (18,753) $ — Net unrealized losses on marketable equity securities (3,655) (2,414) Net unrealized losses on strategic investments in equity securities (22,408) (2,414) Net realized gains on marketable equity securities sold (1) 1,713 — Total—included in other expense, net $ (20,695) $ (2,414) ________________ (1) Represents the difference between the sale proceeds and the carrying value of the security at the beginning of the period or the purchase date, if later.

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	3 Months Ended
	Apr. 30, 2024
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment, Net	Property and equipment, net consisted of the following (in thousands): April 30, 2024 January 31, 2024 Leasehold improvements $ 96,281 $ 67,804 Computers, equipment, and software 46,092 29,859 Furniture and fixtures 22,233 17,593 Capitalized internal-use software development costs 150,350 93,222 Construction in progress—capitalized internal-use software development costs 37,807 78,737 Construction in progress—other 1,548 34,890 Total property and equipment, gross 354,311 322,105 Less: accumulated depreciation and amortization (1) (90,644) (74,641) Total property and equipment, net $ 263,667 $ 247,464 ________________ (1) Includes $40.4 million and $30.0 million of accumulated amortization related to capitalized internal-use software development costs as of April 30, 2024 and January 31, 2024, respectively.

Business Combinations (Tables)

Business Combinations (Tables)	3 Months Ended
	Apr. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Schedule of Preliminary Allocation of Purchase Price to Assets Acquired and Liabilities Assumed	The purchase consideration was allocated to assets acquired and liabilities assumed based on their respective estimated fair values. The allocation of purchase consideration, inclusive of measurement period adjustments, was as follows: Estimated Fair Value Estimated Useful Life Cash and cash equivalents $ 11,594 Goodwill 46,426 Developed technology intangible asset 33,000 5 Other net tangible liabilities (6,623) Deferred tax liabilities, net (1) (8,136) Total $ 76,261 ________________ (1) Deferred tax liabilities, net primarily relates to the intangible asset acquired and the amount presented is net of deferred tax assets. The purchase consideration was allocated to assets acquired and liabilities assumed based on their respective estimated fair values. The allocation of purchase consideration, inclusive of measurement period adjustments, was as follows: Estimated Fair Value Estimated Useful Life Cash, cash equivalents, and restricted cash $ 3,563 Goodwill 9,029 Developed technology intangible asset 53,000 5 Other net tangible liabilities (1,434) Deferred tax liabilities, net (1) (2,150) Total $ 62,008 ________________ (1) Deferred tax liabilities, net primarily relates to the intangible asset acquired and the amount presented is net of deferred tax assets.

Intangible Assets and Goodwill

Intangible Assets and Goodwill (Tables)	3 Months Ended
	Apr. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets	Intangible assets, net consisted of the following (in thousands): April 30, 2024 Gross Accumulated Amortization Net Finite-lived intangible assets: Developed technology $ 243,596 $ (59,853) $ 183,743 Developer community 154,900 (63,072) 91,828 Assembled workforce 55,732 (26,384) 29,348 Patents 8,874 (6,652) 2,222 Total finite-lived intangible assets $ 463,102 $ (155,961) $ 307,141 Indefinite-lived intangible assets—trademarks 826 Total intangible assets, net $ 307,967 January 31, 2024 Gross Accumulated Amortization Net Finite-lived intangible assets: Developed technology $ 243,596 $ (47,919) $ 195,677 Developer community 154,900 (55,442) 99,458 Assembled workforce 55,732 (22,945) 32,787 Patents 8,874 (6,211) 2,663 Total finite-lived intangible assets $ 463,102 $ (132,517) $ 330,585 Indefinite-lived intangible assets—trademarks 826 Total intangible assets, net $ 331,411
Schedule of Future Amortization Expense	As of April 30, 2024, future amortization expense is expected to be as follows (in thousands): Amount Fiscal Year Ending January 31, Remainder of 2025 $ 71,341 2026 88,513 2027 84,360 2028 51,795 2029 11,132 Thereafter — Total $ 307,141

Accrued Expenses and Other Cu_2

Accrued Expenses and Other Current Liabilities (Tables)	3 Months Ended
	Apr. 30, 2024
Payables and Accruals [Abstract]
Schedule of Accrued Expenses and Other Current Liabilities	Accrued expenses and other current liabilities consisted of the following (in thousands): April 30, 2024 January 31, 2024 Accrued compensation $ 166,649 $ 205,056 Accrued third-party cloud infrastructure expenses 71,741 48,571 Liabilities associated with sales, marketing and business development programs 56,855 39,571 Employee contributions under employee stock purchase plan 15,943 40,641 Accrued taxes 11,926 37,108 Employee payroll tax withheld on employee stock transactions 11,728 22,479 Accrued professional services 9,397 9,274 Accrued purchases of property and equipment 9,121 4,508 Other 44,642 39,652 Total accrued expenses and other current liabilities $ 398,002 $ 446,860

Equity (Tables)

Equity (Tables)	3 Months Ended
	Apr. 30, 2024
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): April 30, 2024 January 31, 2024 2012 Equity Incentive Plan: Options outstanding 25,296 26,767 Restricted stock units outstanding 388 789 2020 Equity Incentive Plan: Options outstanding 1,562 602 Restricted stock units outstanding 22,653 20,168 Shares available for future grants 71,037 59,371 2020 Employee Stock Purchase Plan: Shares available for future grants 16,759 13,764 Total shares of common stock reserved for future issuance 137,695 121,461
Class of Treasury Stock	The following table summarizes the stock repurchase activity under the Company’s stock repurchase program (in thousands, except per share data): Three Months Ended April 30, 2024 2023 Number of shares repurchased 2,982 1,405 Weighted-average price per share (1) $ 173.14 $ 136.39 Aggregate purchase price (1) $ 516,329 $ 191,694 ________________ (1) Includes transaction costs associated with the repurchases.
Option Activity Rollforward	A summary of stock option activity during the three months ended April 30, 2024 is as follows: Number of Shares Weighted- Weighted-Average Remaining Contractual Life Aggregate Balance—January 31, 2024 27,369 $ 12.35 5.0 $ 5,023,664 Granted 960 $ 163.04 Exercised (1,379) $ 7.69 Canceled (92) $ 3.75 Balance—April 30, 2024 26,858 $ 18.01 4.8 $ 3,723,873 Vested and exercisable as of April 30, 2024 25,584 $ 10.61 4.7 $ 3,715,804
Schedule of Unvested RSU Rollforward	A summary of equity-classified RSUs activity during the three months ended April 30, 2024 is as follows: Number of Shares Weighted-Average Grant Date Unvested Balance—January 31, 2024 19,575 $ 169.82 Granted (1) 5,869 $ 167.74 Vested (3,202) $ 162.47 Forfeited (533) $ 168.85 Performance adjustment (2) (50) $ 139.58 Unvested Balance—April 30, 2024 21,659 $ 170.44 ________________ (1) Includes 0.8 million Leadership PRSUs granted at 120% of the target number of these awards, which represents the maximum number of Leadership PRSUs that may be eligible to vest with respect to these awards over their full term. (2) Represents an adjustment in the number of shares outstanding, with regards to Leadership PRSUs granted during the three months ended April 30, 2023, based on the actual achievement of the associated Company annual performance targets for fiscal 2024.
Schedule of Unvested RSA Rollforward	A summary of restricted common stock activity during the three months ended April 30, 2024 is as follows: Outside of the Plans Number of Shares Weighted-Average Grant Date Unvested Balance—January 31, 2024 671 $ 209.15 Vested (146) $ 223.42 Unvested Balance—April 30, 2024 525 $ 205.15
Valuation Assumptions Schedule	The following table summarizes the assumptions used in estimating the fair value of a stock option granted to an employee during the three months ended April 30, 2024: Three Months Ended April 30, 2024 Expected term (in years) 4.8 Expected volatility 56.7 % Risk-free interest rate 4.2 % Expected dividend yield — %
Valuation Assumptions Other Than Stock Options Schedule	The following table summarizes the assumptions used in estimating the fair value of employee stock purchase rights granted under the 2020 ESPP during the three months ended April 30, 2024 and 2023: Three Months Ended April 30, 2024 2023 Expected term (in years) 0.5 0.5 Expected volatility 49.6 % 71.3 % Risk-free interest rate 5.4 % 4.7 % 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 April 30, 2024 and January 31, 2024: April 30, 2024 January 31, 2024 Expected volatility 57.0 % 60.0 % Risk-free interest rate 4.9 % 4.0 %
Share-based Compensation Schedule	Stock-based compensation included in the condensed consolidated statements of operations was as follows (in thousands): Three Months Ended April 30, 2024 2023 Cost of revenue $ 32,408 $ 30,462 Sales and marketing 73,407 72,295 Research and development 194,672 136,417 General and administrative 31,449 25,335 Stock-based compensation, net of amounts capitalized 331,936 264,509 Capitalized stock-based compensation 9,295 11,719 Total stock-based compensation $ 341,231 $ 276,228

Net Loss per Share (Tables)

Net Loss per Share (Tables)	3 Months Ended
	Apr. 30, 2024
Earnings Per Share [Abstract]
Schedule of Basic and Diluted Net Loss per Share	The following table presents the calculation of basic and diluted net loss per share attributable to Snowflake Inc. Class A common stockholders (in thousands, except per share data): Three Months Ended April 30, 2024 2023 Numerator: Net loss $ (317,816) $ (226,064) Less: net loss attributable to noncontrolling interest (828) (437) Net loss attributable to Snowflake Inc. Class A common stockholders $ (316,988) $ (225,627) Denominator: Weighted-average shares used in computing net loss per share attributable to Snowflake Inc. Class A common stockholders—basic and diluted 333,584 324,157 Net loss per share attributable to Snowflake Inc. Class A common stockholders—basic and diluted $ (0.95) $ (0.70)
Schedule of Potentially Dilutive Securities Excluded from Computation of Net Loss per Share	The following potentially dilutive securities were excluded from the calculation of diluted net loss per share attributable to Snowflake Inc. Class A common stockholders for the periods presented because the impact of including them would have been anti-dilutive (in thousands): Three Months Ended April 30, 2024 2023 Stock options 26,858 33,428 RSUs 23,041 20,544 Unvested restricted common stock and early exercised stock options 525 298 Employee stock purchase rights under the 2020 ESPP 111 80 Total 50,535 54,350

Basis of Presentation and Sum_4

Basis of Presentation and Summary of Significant Accounting Policies - Summary of Long-lived Assets by Geographic Areas (Details) - USD ($) $ in Thousands	Apr. 30, 2024	Jan. 31, 2024
Revenues from External Customers and Long-Lived Assets [Line Items]
Total	$ 508,348	$ 499,592
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Total	387,161	379,664
Other
Revenues from External Customers and Long-Lived Assets [Line Items]
Total	$ 121,187	$ 119,928

Revenue, Accounts Receivable,_3

Revenue, Accounts Receivable, Deferred Revenue, and Remaining Performance Obligations - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2024	Apr. 30, 2023
Disaggregation of Revenue [Line Items]
Revenue	$ 828,709	$ 623,599
Product revenue
Disaggregation of Revenue [Line Items]
Revenue	789,587	590,072
Professional services and other revenue
Disaggregation of Revenue [Line Items]
Revenue	$ 39,122	$ 33,527

Revenue, Accounts Receivable,_4

Revenue, Accounts Receivable, Deferred Revenue, and Remaining Performance Obligations - Revenue from External Customers by Geographic Areas (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2024	Apr. 30, 2023
Disaggregation of Revenue [Line Items]
Revenue	$ 828,709	$ 623,599
United States
Disaggregation of Revenue [Line Items]
Revenue	632,041	482,989
Other Americas
Disaggregation of Revenue [Line Items]
Revenue	23,735	16,856
EMEA
Disaggregation of Revenue [Line Items]
Revenue	131,657	94,890
Asia-Pacific and Japan
Disaggregation of Revenue [Line Items]
Revenue	$ 41,276	$ 28,864

Revenue, Accounts Receivable,_5

Revenue, Accounts Receivable, Deferred Revenue, and Remaining Performance Obligations - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 30, 2024	Apr. 30, 2023	Jan. 31, 2024
Disaggregation of Revenue [Line Items]
Allowance for doubtful accounts	$ 3.5		$ 2.5
Revenue recognized	673.5	$ 494.7
Remaining performance obligation	$ 5,000
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-05-01
Disaggregation of Revenue [Line Items]
Revenue, remaining performance obligation, percentage	51%
Remaining performance obligation, remaining life	12 months

Cash Equivalents and Investme_3

Cash Equivalents and Investments - Schedule of Cash and Cash Equivalents and Investments Fair Value (Details) - USD ($) $ in Thousands	Apr. 30, 2024	Jan. 31, 2024
Cash equivalents:
Amortized Cost	$ 1,006,372	$ 1,331,709
Gross Unrealized Gains	1	1
Gross Unrealized Losses	(21)	(2)
Estimated Fair Value	1,006,352	1,331,708
Investments:
Amortized Cost	3,141,551	3,005,041
Gross Unrealized Gains	1,091	2,958
Gross Unrealized Losses	(13,726)	(8,193)
Estimated Fair Value	3,128,916	2,999,806
Amortized Cost	4,147,923	4,336,750
Gross Unrealized Gains	1,092	2,959
Gross Unrealized Losses	(13,747)	(8,195)
Estimated Fair Value	4,135,268	4,331,514
Corporate notes and bonds
Investments:
Amortized Cost	1,496,420	1,549,151
Gross Unrealized Gains	901	1,959
Gross Unrealized Losses	(6,658)	(3,394)
Estimated Fair Value	1,490,663	1,547,716
U.S. government and agency securities
Investments:
Amortized Cost	785,243	877,496
Gross Unrealized Gains	0	574
Gross Unrealized Losses	(6,125)	(4,653)
Estimated Fair Value	779,118	873,417
Commercial paper
Investments:
Amortized Cost	528,809	353,525
Gross Unrealized Gains	37	154
Gross Unrealized Losses	(798)	(131)
Estimated Fair Value	528,048	353,548
Certificates of deposit
Investments:
Amortized Cost	331,079	224,869
Gross Unrealized Gains	153	271
Gross Unrealized Losses	(145)	(15)
Estimated Fair Value	331,087	225,125
Money market funds
Cash equivalents:
Amortized Cost	492,568	533,211
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Estimated Fair Value	492,568	533,211
U.S. government securities
Cash equivalents:
Amortized Cost	367,494	742,235
Gross Unrealized Gains	0	1
Gross Unrealized Losses	(1)	(2)
Estimated Fair Value	367,493	742,234
Time deposits
Cash equivalents:
Amortized Cost	58,145	56,263
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Estimated Fair Value	58,145	$ 56,263
Commercial paper
Cash equivalents:
Amortized Cost	53,742
Gross Unrealized Gains	0
Gross Unrealized Losses	(7)
Estimated Fair Value	53,735
Corporate notes and bonds
Cash equivalents:
Amortized Cost	34,423
Gross Unrealized Gains	1
Gross Unrealized Losses	(13)
Estimated Fair Value	$ 34,411

Cash Equivalents and Investme_4

Cash Equivalents and Investments - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 30, 2024	Jan. 31, 2024
Debt Securities, Available-for-sale, Unrealized Loss Position
Contractual maturities of available-for-sale debt securities, maximum	36 months
Prepaid Expenses and Other Current Assets
Debt Securities, Available-for-sale, Unrealized Loss Position
Interest receivable, current	$ 22.6	$ 24.2

Cash Equivalents and Investme_5

Cash Equivalents and Investments - Schedule of Available for Sale Securities Remaining Contractual Maturity (Details) $ in Thousands	Apr. 30, 2024 USD ($)
Investments, Debt and Equity Securities [Abstract]
Due within 1 year	$ 2,200,935
Due in 1 year to 3 years	927,981
Total	$ 3,128,916

Cash Equivalents and Investme_6

Cash Equivalents and Investments - Schedule of Debt Securities, Available-for-sale, Unrealized Loss Position, Fair Value (Details) - USD ($) $ in Thousands	Apr. 30, 2024	Jan. 31, 2024
Cash Equivalents, Fair Value
Less than 12 months, fair value	$ 321,837	$ 338,893
12 months or greater, fair value	0	0
Total, fair value	321,837	338,893
Cash Equivalents, Gross Unrealized Losses
Less than 12 months, accumulated losses	(21)	(2)
12 months or greater, accumulated losses	0	0
Total, accumulated losses	(21)	(2)
Investments, Fair Value
Less than 12 months, fair value	2,135,028	1,395,409
12 months or greater, fair value	357,960	513,815
Total, fair value	2,492,988	1,909,224
Investments, Gross Unrealized Losses
Less than 12 months, accumulated losses	(9,789)	(2,728)
12 months or greater, accumulated losses	(3,937)	(5,465)
Total, accumulated losses	(13,726)	(8,193)
Cash Equivalents And Debt Securities, Available-For-Sale [Abstract]
Less than 12 months, fair value	2,456,865	1,734,302
12 months or greater, fair value	357,960	513,815
Total, fair value	2,814,825	2,248,117
Cash Equivalents And Debt Securities, Available-For-Sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Less than 12 months, accumulated losses	(9,810)	(2,730)
12 months or greater, accumulated losses	(3,937)	(5,465)
Total, accumulated losses	(13,747)	(8,195)
Corporate notes and bonds
Investments, Fair Value
Less than 12 months, fair value	974,840	625,766
12 months or greater, fair value	206,956	321,952
Total, fair value	1,181,796	947,718
Investments, Gross Unrealized Losses
Less than 12 months, accumulated losses	(5,218)	(1,259)
12 months or greater, accumulated losses	(1,440)	(2,135)
Total, accumulated losses	(6,658)	(3,394)
U.S. government and agency securities
Investments, Fair Value
Less than 12 months, fair value	628,114	525,408
12 months or greater, fair value	151,004	191,863
Total, fair value	779,118	717,271
Investments, Gross Unrealized Losses
Less than 12 months, accumulated losses	(3,628)	(1,323)
12 months or greater, accumulated losses	(2,497)	(3,330)
Total, accumulated losses	(6,125)	(4,653)
Commercial paper
Investments, Fair Value
Less than 12 months, fair value	422,472	172,422
12 months or greater, fair value	0	0
Total, fair value	422,472	172,422
Investments, Gross Unrealized Losses
Less than 12 months, accumulated losses	(798)	(131)
12 months or greater, accumulated losses	0	0
Total, accumulated losses	(798)	(131)
Certificates of deposit
Investments, Fair Value
Less than 12 months, fair value	109,602	71,813
12 months or greater, fair value	0	0
Total, fair value	109,602	71,813
Investments, Gross Unrealized Losses
Less than 12 months, accumulated losses	(145)	(15)
12 months or greater, accumulated losses	0	0
Total, accumulated losses	(145)	(15)
U.S. government securities
Cash Equivalents, Fair Value
Less than 12 months, fair value	257,696	338,893
12 months or greater, fair value	0	0
Total, fair value	257,696	338,893
Cash Equivalents, Gross Unrealized Losses
Less than 12 months, accumulated losses	(1)	(2)
12 months or greater, accumulated losses	0	0
Total, accumulated losses	(1)	$ (2)
Commercial paper
Cash Equivalents, Fair Value
Less than 12 months, fair value	42,735
12 months or greater, fair value	0
Total, fair value	42,735
Cash Equivalents, Gross Unrealized Losses
Less than 12 months, accumulated losses	(7)
12 months or greater, accumulated losses	0
Total, accumulated losses	(7)
Corporate notes and bonds
Cash Equivalents, Fair Value
Less than 12 months, fair value	21,406
12 months or greater, fair value	0
Total, fair value	21,406
Cash Equivalents, Gross Unrealized Losses
Less than 12 months, accumulated losses	(13)
12 months or greater, accumulated losses	0
Total, accumulated losses	$ (13)

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Assets Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Apr. 30, 2024	Jan. 31, 2024
Assets:
Cash equivalents	$ 1,006,352	$ 1,331,708
Short-term investments	2,200,935	2,083,499
Long-term investments	927,981	916,307
Money market funds
Assets:
Cash equivalents	492,568	533,211
U.S. government securities
Assets:
Cash equivalents	367,493	742,234
Time deposits
Assets:
Cash equivalents	58,145	56,263
Commercial paper
Assets:
Cash equivalents	53,735
Corporate notes and bonds
Assets:
Cash equivalents	34,411
Recurring
Assets:
Derivative assets	1,041	60
Total assets	4,136,309	4,331,574
Liabilities:
Derivative liabilities	(1,512)	(745)
Total liabilities	(1,512)	(745)
Recurring | Corporate notes and bonds
Assets:
Short-term investments	834,770	939,727
Long-term investments	655,893	607,989
Recurring | Commercial paper
Assets:
Short-term investments	528,048	353,548
Recurring | U.S. government and agency securities
Assets:
Short-term investments	518,716	573,780
Long-term investments	260,402	299,637
Recurring | Certificates of deposit
Assets:
Short-term investments	319,401	216,444
Long-term investments	11,686	8,681
Recurring | Money market funds
Assets:
Cash equivalents	492,568	533,211
Recurring | U.S. government securities
Assets:
Cash equivalents	367,493
Recurring | U.S. government securities
Assets:
Cash equivalents		742,234
Recurring | Time deposits
Assets:
Cash equivalents	58,145	56,263
Recurring | Commercial paper
Assets:
Cash equivalents	53,735
Recurring | Corporate notes and bonds
Assets:
Cash equivalents	34,411
Recurring | Level 1
Assets:
Derivative assets		0
Total assets	492,568	533,211
Liabilities:
Derivative liabilities		0
Total liabilities	0	0
Recurring | Level 1 | Corporate notes and bonds
Assets:
Short-term investments	0	0
Long-term investments	0	0
Recurring | Level 1 | Commercial paper
Assets:
Short-term investments	0	0
Recurring | Level 1 | U.S. government and agency securities
Assets:
Short-term investments	0	0
Long-term investments	0	0
Recurring | Level 1 | Certificates of deposit
Assets:
Short-term investments	0	0
Long-term investments	0	0
Recurring | Level 1 | Money market funds
Assets:
Cash equivalents	492,568	533,211
Recurring | Level 1 | U.S. government securities
Assets:
Cash equivalents	0
Recurring | Level 1 | U.S. government securities
Assets:
Cash equivalents		0
Recurring | Level 1 | Time deposits
Assets:
Cash equivalents	0	0
Recurring | Level 1 | Commercial paper
Assets:
Cash equivalents	0
Recurring | Level 1 | Corporate notes and bonds
Assets:
Cash equivalents	0
Recurring | Level 2
Assets:
Derivative assets	1,041	60
Total assets	3,643,741	3,798,363
Liabilities:
Derivative liabilities	(1,512)	(745)
Total liabilities	(1,512)	(745)
Recurring | Level 2 | Corporate notes and bonds
Assets:
Short-term investments	834,770	939,727
Long-term investments	655,893	607,989
Recurring | Level 2 | Commercial paper
Assets:
Short-term investments	528,048	353,548
Recurring | Level 2 | U.S. government and agency securities
Assets:
Short-term investments	518,716	573,780
Long-term investments	260,402	299,637
Recurring | Level 2 | Certificates of deposit
Assets:
Short-term investments	319,401	216,444
Long-term investments	11,686	8,681
Recurring | Level 2 | Money market funds
Assets:
Cash equivalents	0	0
Recurring | Level 2 | U.S. government securities
Assets:
Cash equivalents	367,493
Recurring | Level 2 | U.S. government securities
Assets:
Cash equivalents		742,234
Recurring | Level 2 | Time deposits
Assets:
Cash equivalents	58,145	$ 56,263
Recurring | Level 2 | Commercial paper
Assets:
Cash equivalents	53,735
Recurring | Level 2 | Corporate notes and bonds
Assets:
Cash equivalents	$ 34,411

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Strategic Investments (Details) - USD ($) $ in Thousands	Apr. 30, 2024	Jan. 31, 2024
Fair Value Disclosures [Abstract]
Non-marketable equity securities under Measurement Alternative	$ 198,579	$ 190,238
Non-marketable equity securities under equity method	5,388	5,307
Marketable equity securities	12,606	37,320
Non-marketable debt securities	1,985	1,500
Total strategic investments—included in other assets	$ 218,558	$ 234,365

Fair Value Measurements - Unrea

Fair Value Measurements - Unrealized Gain (Loss) on Investments (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2024	Apr. 30, 2023
Fair Value Disclosures [Abstract]
Impairments	$ (18,753)	$ 0
Net unrealized losses on marketable equity securities	(3,655)	(2,414)
Net unrealized losses on strategic investments in equity securities	(22,408)	(2,414)
Net realized gains on marketable equity securities sold	1,713	0
Total—included in other expense, net	$ (20,695)	$ (2,414)

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details) $ in Millions	Apr. 30, 2024 USD ($)
Fair Value Disclosures [Abstract]
Upward adjustments	$ 37.1
Impairments	$ 59.9

Property and Equipment, Net - S

Property and Equipment, Net - Schedule of Property and Equipment, Net (Details) - USD ($) $ in Thousands	Apr. 30, 2024	Jan. 31, 2024
Property, Plant and Equipment
Total property and equipment, gross	$ 354,311	$ 322,105
Less: accumulated depreciation and amortization	(90,644)	(74,641)
Total property and equipment, net	263,667	247,464
Leasehold improvements
Property, Plant and Equipment
Total property and equipment, gross	96,281	67,804
Computers, equipment, and software
Property, Plant and Equipment
Total property and equipment, gross	46,092	29,859
Furniture and fixtures
Property, Plant and Equipment
Total property and equipment, gross	22,233	17,593
Capitalized internal-use software development costs
Property, Plant and Equipment
Total property and equipment, gross	150,350	93,222
Less: accumulated depreciation and amortization	(40,400)	(30,000)
Construction in progress—capitalized internal-use software development costs
Property, Plant and Equipment
Total property and equipment, gross	37,807	78,737
Construction in progress—other
Property, Plant and Equipment
Total property and equipment, gross	$ 1,548	$ 34,890

Property and Equipment, Net - N

Property and Equipment, Net - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 30, 2024	Apr. 30, 2023
Property, Plant and Equipment [Abstract]
Depreciation	$ 16.8	$ 7.6
Accumulated amortization, property, plant, and equipment	10.9	3.5
Impairment of capitalized internal-use software	$ 0	$ 7.1

Business Combinations - Narrati

Business Combinations - Narrative (Details) - USD ($)		3 Months Ended
	Feb. 10, 2023	Apr. 30, 2023
Mountain US Corporation
Business Acquisition [Line Items]
Consideration transferred	$ 76,300,000
Business combination, acquisition related costs		$ 0
LeapYear Technologies, Inc.
Business Acquisition [Line Items]
Consideration transferred	$ 62,000,000
Business combination, acquisition related costs		$ 0

Business Combinations - Schedul

Business Combinations - Schedule of Preliminary Allocation of Purchase Price to Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Feb. 10, 2023	Apr. 30, 2024	Jan. 31, 2024
Business Acquisition [Line Items]
Goodwill		$ 975,906	$ 975,906
Mountain US Corporation
Business Acquisition [Line Items]
Cash and cash equivalents	$ 11,594
Goodwill	46,426
Developed technology intangible asset	33,000
Other net tangible liabilities	(6,623)
Deferred tax liabilities, net	(8,136)
Total	$ 76,261
Estimated Useful Life (in years)	5 years
LeapYear Technologies, Inc.
Business Acquisition [Line Items]
Cash and cash equivalents	$ 3,563
Goodwill	9,029
Developed technology intangible asset	53,000
Other net tangible liabilities	(1,434)
Deferred tax liabilities, net	(2,150)
Total	$ 62,008
Estimated Useful Life (in years)	5 years

Intangible Assets and Goodwil_2

Intangible Assets and Goodwill - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	Apr. 30, 2024	Jan. 31, 2024
Finite-Lived Intangible Assets [Line Items]
Gross	$ 463,102	$ 463,102
Accumulated Amortization	(155,961)	(132,517)
Net	307,141	330,585
Indefinite-lived intangible assets—trademarks	826	826
Total intangible assets, net	307,967	331,411
Developed technology
Finite-Lived Intangible Assets [Line Items]
Gross	243,596	243,596
Accumulated Amortization	(59,853)	(47,919)
Net	183,743	195,677
Developer community
Finite-Lived Intangible Assets [Line Items]
Gross	154,900	154,900
Accumulated Amortization	(63,072)	(55,442)
Net	91,828	99,458
Assembled workforce
Finite-Lived Intangible Assets [Line Items]
Gross	55,732	55,732
Accumulated Amortization	(26,384)	(22,945)
Net	29,348	32,787
Patents
Finite-Lived Intangible Assets [Line Items]
Gross	8,874	8,874
Accumulated Amortization	(6,652)	(6,211)
Net	$ 2,222	$ 2,663

Intangible Assets and Goodwil_3

Intangible Assets and Goodwill - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2024	Apr. 30, 2023	Jan. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 23,400	$ 15,600
Goodwill	$ 975,906		$ 975,906

Intangible Assets and Goodwil_4

Intangible Assets and Goodwill - Schedule of Future Amortization Expense (Details) - USD ($) $ in Thousands	Apr. 30, 2024	Jan. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of 2025	$ 71,341
2026	88,513
2027	84,360
2028	51,795
2029	11,132
Thereafter	0
Net	$ 307,141	$ 330,585

Accrued Expenses and Other Cu_3

Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	Apr. 30, 2024	Jan. 31, 2024
Payables and Accruals [Abstract]
Accrued compensation	$ 166,649	$ 205,056
Accrued third-party cloud infrastructure expenses	71,741	48,571
Liabilities associated with sales, marketing and business development programs	56,855	39,571
Employee contributions under employee stock purchase plan	15,943	40,641
Accrued taxes	11,926	37,108
Employee payroll tax withheld on employee stock transactions	11,728	22,479
Accrued professional services	9,397	9,274
Accrued purchases of property and equipment	9,121	4,508
Other	44,642	39,652
Total accrued expenses and other current liabilities	$ 398,002	$ 446,860

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Details) - USD ($)	3 Months Ended
	Apr. 30, 2024	Apr. 30, 2023	May 31, 2024	Jan. 31, 2024
Other Commitments [Line Items]
Sublease income	$ 2,400,000	$ 3,100,000
Cost of matching contributions	0	$ 0
Loss contingency accrual	0			$ 0
Letters of credit outstanding	18,700,000
Subsequent Event | New Office Facility Lease In The US
Other Commitments [Line Items]
Lessee, operating lease, liability, to be paid			$ 96,000,000
Minimum
Other Commitments [Line Items]
Loss contingency, range of possible loss	0
Maximum
Other Commitments [Line Items]
Loss contingency, range of possible loss	$ 25,000,000

Equity - Narrative (Details)

Equity - Narrative (Details) - USD ($)		3 Months Ended
	Feb. 01, 2024	Apr. 30, 2024	Apr. 30, 2023	Jan. 31, 2024	Feb. 28, 2023
Share-based Compensation Arrangement by Share-based Payment Award
Stock repurchase program, authorized amount					$ 2,000,000,000
Stock repurchase program, remaining authorized repurchase amount		$ 891,900,000
Repurchases of common stock (in shares)		(500,000)
Granted (per share)		$ 77.89
Options granted (shares)		960,000	0
Intrinsic value of shares exercised		$ 241,800,000	$ 321,700,000
Grant date fair value of vested shares		7,300,000	16,500,000
Stock-based compensation, net of amounts capitalized		$ 331,936,000	$ 264,509,000
Expected dividend yield		0%	0%
Unrecognized share-based compensation expense		$ 3,600,000,000
Unrecognized share-based compensation expense recognition period (term)		3 years
2020 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award
Shares authorized (in shares)	16,700,000
Employee stock purchase rights under the 2020 ESPP
Share-based Compensation Arrangement by Share-based Payment Award
Offering period		6 months
Shares authorized (in shares)	3,300,000
Expected dividend yield		0%	0%
Stock options
Share-based Compensation Arrangement by Share-based Payment Award
Vesting period (years)		4 years
Expiration period (years)		10 years
Award holding period		1 year
Discount for lack of marketability		7.60%
Expected dividend yield		0%
Stock options | 2012 Equity Incentive Plan:
Share-based Compensation Arrangement by Share-based Payment Award
Expiration period (years)		10 years
Equity-Classified Restricted Stock Units (RSUs) | 2020 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award
Vesting period (years)		4 years
Equity-Classified Restricted Stock Units (RSUs) | 2012 Equity Incentive Plan:
Share-based Compensation Arrangement by Share-based Payment Award
Vesting period (years)		4 years
Equity-Classified Restricted Stock Units (RSUs) | 2012 Equity Incentive Plan: | Grant Date
Share-based Compensation Arrangement by Share-based Payment Award
Vesting period (years)		1 year
Equity-Classified Performance Shares | 2020 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award
Vesting period (years)		4 years
Stock-based compensation, net of amounts capitalized		$ 12,500,000	$ 3,900,000
Equity-Classified Performance Shares | 2020 Equity Incentive Plan | Minimum
Share-based Compensation Arrangement by Share-based Payment Award
Performance target, percentage		0%
Equity-Classified Performance Shares | 2020 Equity Incentive Plan | Maximum
Share-based Compensation Arrangement by Share-based Payment Award
Performance target, percentage		120%
Equity-Classified Performance Shares | 2020 Equity Incentive Plan | Grant Date
Share-based Compensation Arrangement by Share-based Payment Award
Vesting period (years)		1 year
Liability-Classified Performance Shares | 2020 Equity Incentive Plan | Fiscal Year 2024 Acquisition
Share-based Compensation Arrangement by Share-based Payment Award
Vesting period (years)		4 years
Stock-based compensation, net of amounts capitalized		$ 0
Shares available for grant (in shares)		1,700,000
Liability-classified instruments, granted and non-vested (in shares)		1,400,000		1,400,000
Liability-classified instruments, liability, classified, noncurrent		$ 3,200,000		$ 500,000
Liability-Classified Performance Shares | 2020 Equity Incentive Plan | Grant Date | Fiscal Year 2024 Acquisition
Share-based Compensation Arrangement by Share-based Payment Award
Vesting period (years)		1 year

Equity - Shares Reserved For Fu

Equity - Shares Reserved For Future Issuance (Details) - shares shares in Thousands	Apr. 30, 2024	Jan. 31, 2024
Share-based Compensation Arrangement by Share-based Payment Award
Common stock reserved for future issuances (in shares)	137,695	121,461
Employee stock purchase rights under the 2020 ESPP
Share-based Compensation Arrangement by Share-based Payment Award
Common stock reserved for future issuances (in shares)	16,759	13,764
2012 Equity Incentive Plan: | Stock options
Share-based Compensation Arrangement by Share-based Payment Award
Common stock reserved for future issuances (in shares)	25,296	26,767
2012 Equity Incentive Plan: | RSUs
Share-based Compensation Arrangement by Share-based Payment Award
Common stock reserved for future issuances (in shares)	388	789
2020 Equity Incentive Plan | Stock options
Share-based Compensation Arrangement by Share-based Payment Award
Common stock reserved for future issuances (in shares)	1,562	602
2020 Equity Incentive Plan | RSUs
Share-based Compensation Arrangement by Share-based Payment Award
Common stock reserved for future issuances (in shares)	22,653	20,168
2020 Equity Incentive Plan | Shares available for future grants
Share-based Compensation Arrangement by Share-based Payment Award
Common stock reserved for future issuances (in shares)	71,037	59,371

Equity - Schedule of Stock Repu

Equity - Schedule of Stock Repurchase Activity (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Apr. 30, 2024	Apr. 30, 2023
Share-Based Payment Arrangement [Abstract]
Number of shares repurchased (in shares)	2,982	1,405
Weighted-average price per share (in dollars per share)	$ 173.14	$ 136.39
Aggregate purchase price	$ 516,329	$ 191,694

Equity - Option Activity Rollfo

Equity - Option Activity Rollforward (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		12 Months Ended
	Apr. 30, 2024	Apr. 30, 2023	Jan. 31, 2024
Number of Options Outstanding (in thousands)
Shares outstanding, beginning (in shares)	27,369,000
Granted (in shares)	(960,000)	0
Exercised (in shares)	(1,379,000)
Canceled (in shares)	(92,000)
Shares outstanding, ending (in shares)	26,858,000		27,369,000
Weighted- Average Exercise Price
Shares outstanding, beginning balance (in dollars per share)	$ 12.35
Granted (in dollars per share)	163.04
Exercised (in dollars per share)	7.69
Canceled (in shares)	3.75
Shares outstanding, ending balance (in dollars per share)	$ 18.01		$ 12.35
Weighted-average remaining contractual life	4 years 9 months 18 days		5 years
Aggregate Intrinsic Value (in thousands)
Aggregate intrinsic value	$ 3,723,873		$ 5,023,664
Vested and exercisable (in shares)	25,584,000
Vested and exercisable, weighted average share price (in dollars per share)	$ 10.61
Vested and exercisable, weighted average remaining contractual life	4 years 8 months 12 days
Vested and exercisable, intrinsic value	$ 3,715,804

Equity - Unvested RSA & RSU Rol

Equity - Unvested RSA & RSU Rollforward (Details) shares in Thousands	3 Months Ended
	Apr. 30, 2024 $ / shares shares
Equity-Classified Restricted Stock Units (RSUs)
Number of Shares (in thousands)
Unvested balance, beginning (in shares)	19,575
Granted (shares)	5,869
Vested (shares)	(3,202)
Forfeited (shares)	(533)
Performance adjustment (in shares)	(50)
Unvested balance, ending (shares)	21,659
Weighted-Average Grant Date Fair Value per Share
Unvested balance, beginning balance (in dollars per share) | $ / shares	$ 169.82
Granted (in dollars per share) | $ / shares	167.74
Vested (in dollars per share) | $ / shares	162.47
Forfeited (in dollars per share) | $ / shares	168.85
Performance adjustment (in dollars per share) | $ / shares	139.58
Unvested balance, ending balance (in dollars per share) | $ / shares	$ 170.44
2020 Equity Incentive Plan | Equity-Classified Performance Shares
Number of Shares (in thousands)
Granted (shares)	800
2020 Equity Incentive Plan | Equity-Classified Performance Shares | Maximum
Weighted-Average Grant Date Fair Value per Share
Performance target, percentage	120%
Outside of the Plans | RCS
Number of Shares (in thousands)
Unvested balance, beginning (in shares)	671
Vested (shares)	(146)
Unvested balance, ending (shares)	525
Weighted-Average Grant Date Fair Value per Share
Unvested balance, beginning balance (in dollars per share) | $ / shares	$ 209.15
Vested (in dollars per share) | $ / shares	223.42
Unvested balance, ending balance (in dollars per share) | $ / shares	$ 205.15

Equity - Valuation Assumptions

Equity - Valuation Assumptions (Details)			3 Months Ended
	Apr. 30, 2024	Jan. 31, 2024	Apr. 30, 2024	Apr. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology
Expected dividend yield			0%	0%
Stock options
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology
Expected term (in years)			4 years 9 months 18 days
Expected volatility			56.70%
Risk-free interest rate			4.20%
Expected dividend yield			0%
Employee stock purchase rights under the 2020 ESPP
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology
Expected term (in years)			6 months	6 months
Expected volatility			49.60%	71.30%
Risk-free interest rate			5.40%	4.70%
Expected dividend yield			0%	0%
Liability-Classified Performance Shares | 2020 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology
Expected volatility	57%	60%
Risk-free interest rate	4.90%	4%

Equity - Share-based Compensati

Equity - Share-based Compensation (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2024	Apr. 30, 2023
Share-based Payment Arrangement, Expensed and Capitalized, Amount
Stock-based compensation, net of amounts capitalized	$ 331,936	$ 264,509
Capitalized stock-based compensation	9,295	11,719
Total stock-based compensation	341,231	276,228
Cost of revenue
Share-based Payment Arrangement, Expensed and Capitalized, Amount
Stock-based compensation, net of amounts capitalized	32,408	30,462
Sales and marketing
Share-based Payment Arrangement, Expensed and Capitalized, Amount
Stock-based compensation, net of amounts capitalized	73,407	72,295
Research and development
Share-based Payment Arrangement, Expensed and Capitalized, Amount
Stock-based compensation, net of amounts capitalized	194,672	136,417
General and administrative
Share-based Payment Arrangement, Expensed and Capitalized, Amount
Stock-based compensation, net of amounts capitalized	$ 31,449	$ 25,335

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details)	3 Months Ended
	Apr. 30, 2024	Apr. 30, 2023
Income Tax Disclosure [Abstract]
Effective tax rate	(0.90%)	2.80%

Net Loss per Share - Schedule o

Net Loss per Share - Schedule of Basic and Diluted Net Loss per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Apr. 30, 2024	Apr. 30, 2023
Numerator:
Net loss	$ (317,816)	$ (226,064)
Less: net loss attributable to noncontrolling interest	(828)	(437)
Net loss attributable to Snowflake Inc.	$ (316,988)	$ (225,627)
Denominator:
Net loss per share attributable to Class A common stockholders- basic (in dollars per share)	$ (0.95)	$ (0.70)
Net loss per share attributable to Class A common stockholders - diluted (in dollars per share)	$ (0.95)	$ (0.70)
Class A Common Stock
Denominator:
Weighted-average shares used in computing net loss per share attributable to Class A common stockholders - basic (in shares)	333,584	324,157
Weighted-average shares used in computing net loss per share attributable to Class A common stockholders - diluted (in shares)	333,584	324,157
Net loss per share attributable to Class A common stockholders- basic (in dollars per share)	$ (0.95)	$ (0.70)
Net loss per share attributable to Class A common stockholders - diluted (in dollars per share)	$ (0.95)	$ (0.70)

Net Loss per Share - Schedule_2

Net Loss per Share - Schedule of Potentially Dilutive Securities Excluded from Computation of Net Loss per Share (Details) - shares shares in Thousands	3 Months Ended
	Apr. 30, 2024	Apr. 30, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive securities excluded from computation of diluted net loss per share (in shares)	50,535	54,350
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive securities excluded from computation of diluted net loss per share (in shares)	26,858	33,428
RSUs
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive securities excluded from computation of diluted net loss per share (in shares)	23,041	20,544
Unvested restricted common stock and early exercised stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive securities excluded from computation of diluted net loss per share (in shares)	525	298
Employee stock purchase rights under the 2020 ESPP
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive securities excluded from computation of diluted net loss per share (in shares)	111	80

Net Loss per Share - Narrative

Net Loss per Share - Narrative (Details) - Class B Common Stock - shares	3 Months Ended
	Apr. 30, 2024	Apr. 30, 2023
Class of Stock [Line Items]
Weighted-average shares used in computing net loss per share attributable to Class B common stockholders - basic (in shares)	0	0
Weighted-average shares used in computing net loss per share attributable to Class B common stockholders - diluted (in shares)	0	0

Related Party Transactions (Det

Related Party Transactions (Details) - Related Party - USD ($)	3 Months Ended
	Apr. 30, 2024	Apr. 30, 2023	Jan. 31, 2024
Related Party Transaction [Line Items]
Strategic investment, non-marketable equity securities	$ 5,000,000
Revenue	0	$ 0
Receivables	$ 0		$ 0

Subsequent Event (Details)

Subsequent Event (Details) $ in Millions	May 31, 2024 USD ($)
Subsequent Event | New Office Facility Lease In The US
Subsequent Event [Line Items]
Lessee, operating lease, liability, to be paid	$ 96