GAAP. But non-GAAP, Snowflake is cash positive which is a more realistic way of looking at the business. Most Snowflake customers pay annually for a certain amount of capacity, but Snowflake can't recognize that money until the customer uses it. But it is still money in the bank. RPO is up to $1.8B now and Snowflake continues adding new customers at a rapid pace. Almost half the Fortune 500 now. Ask yourself why that might be.$Snowflake(SNOW)$
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