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SNOW Current Contract Liabilities

Current Contract LiabilitiesCurrent Contract Liabilities

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The latest data point for SNOW in Q1'27 shows Current Contract Liabilities of 2.85B USD. This represents a sequential decrease from the 3.36B USD recorded in the previous quarter. From Q2'24 to Q1'27, the overall trend reflects a steady growth in contract liabilities, climbing from 1.54B USD to 2.85B USD. The data exhibits a distinct seasonal pattern where liabilities peak significantly in the fourth quarter of each fiscal year (e.g., Q4'24, Q4'25, and Q4'26) followed by a moderate correction in the subsequent first quarter. Notably, the Q4'26 peak of 3.36B USD represents the highest point in the observed period, indicating strong year-end booking cycles.