In 2020, data company Snowflake (NYSE: SNOW) went public in one of the hottest initial public offerings (IPO) of all time. The IPO priced at $120 per share, but the stock finished its first day of trading above $250 per share.
Now, approaching four years later, Snowflake stock is down about 40% from where it closed on day one. In short, it's been a complete dud for early investors.
I wouldn't blame Snowflake entirely for the poor performance of its stock because the business has excelled. Here's how its financials have looked in each of its four complete fiscal years since its IPO.
Source Fool.com