Snowflake Just Got $2 Billion. Is It Good for Shareholders?

If the company already had plenty of money, why did it need more?At the close of its fiscal second quarter of 2025 (ended July 31), data company Snowflake (SNOW -3.13%) had more than $3.2 billion in cash, cash equivalents, and short-term investments. That's a huge cash position. But management apparently wanted an even bigger bank account.Last month, Snowflake's management announced a deal to raise between $2 billion and $2.3 billion. And at first glance, the move looks like a no-brainer. The company is get ...