product · May 20, 2026
Snowflake Grew Revenue 6x to $3.6B in Four Years via Consumption Pricing Shift
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Snowflake grew revenue 6.1x from $592M to $3.626B over four years after replacing reserved capacity with consumption-based pricing. The shift produced 126 percent net dollar retention in the latest reported period. Snowflake implemented the consumption model change starting in 2022. Snowflake reported $3.626B revenue for the period ending around May 2026.
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