Snowflake
Verified“US company, US capital, runs on US clouds.”
- Listing
- NYSE: SNOW
- Revenue (FY2026)
- $4.68B
- Employees
- 7,834
- Infrastructure
- AWS / Azure / GCP
19 = midpoint of Control 16 & Data 21
Sovereignty Quadrant
Control β who owns & governs the company Β· Data β where your data lives. Every dot is a company β click to open it.
Every number below traces to 15 sourced facts across 8 independent sources, last verified 2026-06-12. 3 open questions hold confidence at 88% β they lower confidence, never the score.
Control β
Who legally and economically controls the company
Legal & Jurisdiction
20
Incorporated in Delaware with principal executive offices in Bozeman, Montana; EU law (GDPR) applies to EU customer data, but the controlling entity is a US corporation subject to US jurisdiction and the CLOUD Act.
Why 20? 4 sourced facts · click to expand
Snowflake Inc. is incorporated in the State of Delaware and is a US corporation.
Snowflake FY2025 Form 10-K (SEC EDGAR) Β· as of 2025-01-31
Snowflake's principal executive offices are at 106 East Babcock Street, Suite 3A, Bozeman, MT 59715.
Snowflake FY2025 Form 10-K cover page (SEC EDGAR) Β· as of 2025-01-31
As a US-domiciled provider, Snowflake (and the US clouds it runs on) can be compelled to disclose data under the US CLOUD Act regardless of where the data is physically stored.
EDPB-EDPS joint response on the US CLOUD Act (annex) Β· as of 2019-07-10
Snowflake's certificate of incorporation designates the Delaware Court of Chancery as the exclusive forum for key disputes.
Snowflake FY2025 Form 10-K (SEC EDGAR) Β· as of 2025-01-31
Control & Ownership
12
NYSE-listed under SNOW with a single-class, one-share-one-vote structure since 2021; the largest disclosed holders are US institutions (Vanguard ~8.1%, BlackRock 5%+), placing both voting control and economic majority in the US.
Why 12? 4 sourced facts · click to expand
Snowflake Class A common stock trades on the New York Stock Exchange under the ticker SNOW.
Snowflake FY2025 Form 10-K cover page (SEC EDGAR) Β· as of 2025-01-31
All Class B shares converted to Class A on March 1, 2021, eliminating the dual-class structure so each share has one equal vote.
Snowflake 8-K, March 2021 (SEC EDGAR) Β· as of 2021-03-01
The Vanguard Group held 27,154,056 shares (8.1%) and BlackRock became a 5%+ holder as of Sept 30, 2024 β both US asset managers.
Snowflake 2025 Proxy Statement (DEF 14A, SEC EDGAR) Β· as of 2025-05-20
All directors and executive officers as a group (15 persons) held 23,578,406 shares, about 6.8%.
Snowflake 2025 Proxy Statement (DEF 14A, SEC EDGAR) Β· as of 2025-05-20
Data β
Where your data lives and who can reach it
Data & Infrastructure
15
Snowflake owns no data centers; the platform is deployed entirely across the three US hyperscalers (AWS, Azure, GCP). EU at-rest data residency exists, but the infrastructure is US-provider-controlled under a US parent.
Why 15? 4 sourced facts · click to expand
Snowflake's platform is delivered as a service deployed across multiple third-party public clouds, namely AWS, Azure, and GCP.
Snowflake FY2025 Form 10-K (SEC EDGAR) Β· as of 2025-01-31
Snowflake leases all its offices, owns no real property, and depends on the public cloud infrastructure on which its platform relies.
Snowflake FY2025 Form 10-K (SEC EDGAR) Β· as of 2025-01-31
Snowflake offers EU at-rest data residency that keeps customer data in the deployment region unless the customer enables cross-region replication or sharing.
Snowflake Data Boundary Roadmap in Europe Β· as of 2025-01-01
Snowflake operates EU public-cloud regions (e.g., AWS/Azure Frankfurt, Dublin, Paris, Amsterdam, Stockholm), all on US hyperscaler infrastructure.
Snowflake Documentation β Supported cloud regions Β· as of 2026-01-30
Operations & People
30
A US-led, USD-reporting, globally distributed company headquartered (of record) in the US with US leadership, but with a real EU operational footprint (Dublin, Berlin offices) and staff across 34 countries.
Why 30? 3 sourced facts · click to expand
As of January 31, 2025, Snowflake had 7,834 employees operating across 34 countries.
Snowflake FY2025 Form 10-K, Human Capital (SEC EDGAR) Β· as of 2025-01-31
Sridhar Ramaswamy (US-based, ex-Google) became CEO effective February 28, 2024, leading a US-headquartered management team.
Snowflake press release β Ramaswamy named CEO Β· as of 2024-02-28
Snowflake reports financials in US dollars and recorded full-year fiscal 2026 revenue of $4.68 billion (up 29% YoY).
Snowflake Q4/FY2026 results press release Β· as of 2026-01-31
Aligned to the EU Commission’s official Cloud Sovereignty Framework (SEAL, Jun 2026) β
What we don’t know
3 open questions β they lower confidence, never the score
- ?
What share of EU customer workloads actually sits in EU regions vs. US regions?
Snowflake offers EU residency, but adoption data isn't public, so real EU data localization could be higher or far lower than the option implies.
- ?
Has Snowflake received and complied with US CLOUD Act / FISA requests touching EU customer data?
No public transparency report quantifies compelled disclosures, so the practical extent of US-law exposure for EU data is unverified.
- ?
How material is EU/EMEA revenue and headcount to the total?
Snowflake does not break out EMEA revenue in detail, limiting confidence in the operations score's EU weighting.
EU Cloud Sovereignty Framework lens
The EU Cloud Sovereignty Framework (SEAL) is designed to assess cloud service providers; Snowflake is a multi-cloud data platform layered on US hyperscalers, so this is an analogous mapping for orientation, not a certification or an official SEAL assessment.
Strategic
US-controlled strategic direction; EU customers are dependent on a US vendor whose roadmap and ownership sit entirely outside the EU.
Legal & jurisdictional
Delaware incorporation, NYSE listing, US executive office; subject to US law and the CLOUD Act even for EU-region data.
Data & AI
Offers EU at-rest data residency, customer-managed keys, and a stated data-boundary roadmap, but data and Cortex AI run on US-provider infrastructure under a US parent.
Operational
Real EU operating presence (Dublin, Berlin) and staff across 34 countries, but leadership, control and USD reporting are US-centered.
Supply chain
Core dependency on three US hyperscalers (AWS, Azure, GCP) with minimum spend commitments; no EU-sovereign infrastructure underlies the service.
Technological
Proprietary US-owned platform with no EU control over the underlying compute, storage, or source code.
Security & compliance
Holds broad certifications (ISO 27001, SOC 2, etc.) and GDPR processing terms, but compliance does not neutralize US extraterritorial legal reach.
Environmental sustainability
Inherits the hyperscalers' regional energy profiles; no Snowflake-specific EU sustainability data verified here.
EU alternatives
German-headquartered high-performance analytics database that can be deployed on-prem or in EU clouds, with EU jurisdiction over the vendor.
French sovereign cloud operating its own EU data centers; a strong sovereignty base, but its managed analytics stack is less feature-equivalent to Snowflake.
High-performance OLAP engine (open source, Amsterdam origins) but the commercial company is US-incorporated; self-hosting in the EU mitigates, the SaaS does not.
How the method works
Methodology v2 (provisional): the score is the midpoint of two axes β Control (who owns and governs the company) and Data (where your data lives and who can reach it). Each axis is scored only on verified evidence; unknowns reduce confidence, never the score. Every input below is sourced; the weights and judgments are open to challenge.
Spotted an error? Every claim is sourced β challenge it and we correct the record.
- 2026-06-12 β Initial golden profile, authored from primary sources (human + AI review).
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Verified 2026-06-12 Β· Human + AI joint review (sources independently checked) Β· Methodology