SNOWSNOWFLAKE INC.·BacklogPositive

Backlog recognition · 2027-07-31

2027.07.31 · 10-Q · filed
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What happens

Revenue already under contract is expected to be recognized in this period; the stated share or amount becomes revenue without new orders.

From the filing

“As of July 31, 2026, the Company’s RPO was approximately $ 9.0 billion, of which the Company expects approximately 54 % to be recognized as revenue in the 12 months ending July 31, 2027 based on historical customer consumption patterns”
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Analysis of this filing

Snowflake's backlog fell for a second straight quarter, $9.77bn → $9.00bn — quarterly operating cash flow $91m against $424m of stock-based compensation

Other dates in this filing

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aiSwingX™ analyzes US filings and reports them as news investors can read.
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