The chart shows the extent to which the Remaining Performance Obligations (RPO) of Snowflake
$SNOW (+0.59%) grew between January 2020 and October 2024.

RPOS indicate how much turnover
Snowflake can still expect from existing contracts, but which has not been realized.

Key facts:

Strong growth: RPOs have risen from USD 426 million in January 2020 to USD 5,732 million in October 2024 - an increase of 1244.59%.

Rapid growth: RPO grew by an average of 72.75% per year.

Steady development: RPOs have been rising steadily since 2022, with clearly recognizable quarterly increases.

This development shows that more and more customers are relying on Snowflake in the long term, which clearly demonstrates the strength of the company and its business model.