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SNOW Operating Expenses

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In Q4'26, Snowflake's total operating expenses reached $1.18B USD, comprising $511M USD in R&D expenses and $665M USD in SG&A expenses, marking a slight sequential increase from Q3'26's $1.15B USD total. From Q1'24 to Q4'26, operating expenses exhibited a consistent upward trend, growing from $687M USD to $1.18B USD, driven by accelerating R&D investments (from $277M USD to $511M USD) and even sharper SG&A expansion (from $410M USD to $665M USD), with notable acceleration in Q1'26 due to a $668M USD SG&A spike before stabilizing in later quarters; this pattern underscores ongoing scaling efforts in innovation and administrative functions amid the company's growth phase.