As of Q4'26 (2026-01-31), SNOW reported Cash & Short-term Investments of USD 4.03B and Debt of USD 2.74B. This represents a net cash position, with cash holdings notably exceeding outstanding debt at the latest data point. Over the period from Q1'24 to Q4'26, Cash & Short-term Investments for SNOW have shown moderate volatility, peaking at USD 4.64B in Q4'25 before declining and partially recovering by Q4'26. Debt levels remained relatively stable and low until a sharp increase in Q3'25, when debt jumped from around USD 313M to USD 2.60B, and has since remained elevated above USD 2.68B. Despite the rise in debt, SNOW has consistently maintained higher cash reserves than debt throughout the observed quarters.