Databricks vs Snowflake: Financial Comparison and Growth Analysis in High-Rate Environment

Databricks announced a $43B Series I valuation and released quarterly financials showing 51% YoY revenue growth of $375M despite higher interest rates, compared to Snowflake's 85% growth in a lower-rate environment. The analysis reveals Databricks has higher gross margins (85% vs 72%), more customers (10,000 vs 6,333), but lower average contract value ($37.5k vs $61.3k), indicating a broader customer base with more enterprise accounts.