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Data breach / PII exposure
Time-sensitive event — see the red-flag panel below for the source-quoted detail.
Red Flags Detected
- Securities Litigation (worsened) — Multiple separate securities class action lawsuits now pending, up from one in the prior filing.
- Copyright Infringement Class Action (new) — New class action filed in Montana alleging unauthorized use of copyrighted works to train the company's large language model.
- Data Breach Multidistrict Litigation (worsened) — Motions to dismiss denied; case has moved to discovery, increasing litigation exposure.
Snowflake revenue up 35.1% to $1.55B, but new securities suits and AI risks mount
Filed September 4, 2026 · Period ending July 31, 2026 · Compared to 10-Q Sep 5, 2025 · ~1 min read
Key Changes
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high
Revenue rose 35.1% to $1.55B, while net loss narrowed to $191.7M from $297.9M a year ago.
MD&A / Key Financials view on EDGAR → -
high
Two new securities class actions and a copyright suit were filed; a derivative suit was stayed pending class action resolution.
Legal Proceedings verify on EDGAR → -
high
Remaining performance obligations jumped to $9.0B from $6.9B, with 54% expected to be recognized within 12 months.
MD&A: RPO 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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Figures/quotes linked to EDGAR · Narrative written by AI · Sep 4, 2026 · How we verify