Snowflake shares jump 30% after strong third-quarter results

Snowflake's stock surged over 30% after it reported strong third-quarter results for fiscal year 2025, with product revenue rising 29% year over year to $900 million. The company also saw a 55% increase in remaining performance obligations, reaching $5.7 billion. Despite the positive revenue figures, Snowflake continues to face challenges. The company reported an operating loss of $366 million, maintaining a 39% loss margin. This raises concerns about its ability to achieve profitability as growth slows. Investors are weighing the recent stock increase against Snowflake's ongoing financial struggles. While the partnership with Anthropic may enhance future revenue, the lack of profitability and high valuation could lead some investors to reconsider their positions.