As of Q4'26 (2026-01-31), Snowflake's current contract liabilities reached USD 3.35B, marking the highest value in the observed period. This represents a significant increase from the previous quarter (Q3'26), which recorded USD 2.43B. Over the period from Q1'24 (2023-04-30) to Q4'26 (2026-01-31), current contract liabilities have shown an overall upward trend, with notable spikes in Q4 of each fiscal year. After a moderate rise and some fluctuations through FY24 and FY25, there was a substantial jump in Q4'26, suggesting strong growth in customer prepayments or deferred revenue commitments toward the end of the period. This pattern indicates seasonality and increasing customer engagement, with the most pronounced growth occurring in the latest quarters.