On Snowflake dilution

Investment Analysis Clubs Saul’s Investing Discussions
1

One of the resident trolls tried to scare you about dilution yesterday, using diluted shares compared to basic shares, and his little game was exposed.

I’m just reading the Conference Call and here’s a little excerpt from the CFO’s prepared remarks:

Going forward, we are using our strong cash position to transition to a net share settlement for vesting of employee RSUs in almost all countries. This will help us further manage dilution, which has already been running below 1% YoY on a fully diluted basis.

Saul

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Saul,

That line really caught my eye too. For a rapidly growing technology company to have less than 1% dilution is almost unheard of. Just one more reason I want to own shares in this outstanding business.

Don

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