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- Asset Impairment (new) — Company recorded $108.7M impairment charge for San Mateo office facility exit, a new material charge not present in prior period.
Snowflake grows 29% to $4.7B revenue, acquires Observe for $596M, but net loss flat at $1.3B
Filed March 20, 2026 · Period ending January 31, 2026 · Compared to 10-K Mar 21, 2025 · ~2 min read
Key Changes
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Acquired Observe for ~$596M (half cash, half stock) in Feb 2026 to add AI-powered observability, the largest acquisition disclosed; also bought Crunchy Data for $164.5M to support new Snowflake Postgres product.
Business: Observe acquisition verify on EDGAR → -
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Launched Snowflake Postgres and new Transactions product category, unifying operational databases with analytics on a single platform—a strategic expansion into transactional workloads traditionally dominated by separate database vendors.
Business: Snowflake Postgres launch verify on EDGAR → -
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Data breach MDL survived dismissal in Oct 2025 and entered discovery; new copyright lawsuit filed alleging LLM training used copyrighted works without authorization; second securities class action filed Feb 2026.
Legal Proceedings verify on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Source-verified from EDGAR · Narrative written by AI · Jun 21, 2026 · How we verify