Risk Factors Update Summary
- Revenue declined from $2.8 billion to $2.1 billion and $1.2 billion for fiscal years 2024, 2023, and 2022, respectively.
- Net losses decreased from $838.0 million to $797.5 million and $679.9 million for fiscal years 2024, 2023, and 2022.
- Investment in AI Technology may impact competitive advantage and financial condition.
- Accumulated deficit increased from $2.7 billion to $4.1 billion as of January 31, 2023 and 2024.
- Increased consumption of the platform by newer customers at a slower pace than expected.
- Revenue growth rate has slowed in recent periods, with declines expected in future periods.
- Acquisitions, like Streamlit and Neeva Inc., may divert resources and affect operations.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1640147&owner=exclude
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