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SNOW Current Contract Liabilities

Current Contract Liabilities

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The latest data point for SNOW's Current Contract Liabilities in Q4'26 stands at $3.35B USD, reflecting a substantial year-over-year increase from $2.32B USD in Q1'26 and marking the highest value in the series. This uptick underscores robust deferred revenue recognition, likely driven by expanded customer contracts and subscription growth. Over the period from Q1'24 to Q4'26, the chart exhibits an overall upward trend with periodic fluctuations, starting at $1.57B USD and reaching $3.35B USD, representing more than a doubling in scale. Notable growth accelerated in Q4'24 ($2.21B USD) and Q4'25 ($2.60B USD), with dips in Q1'25 ($1.95B USD) and Q2'25 ($1.86B USD) suggesting seasonal billing cycles, while the bar chart highlights consistent quarterly expansion post-Q2'25, indicating strengthening long-term commitments.