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SNAL

Snail, Inc. Class A Common Stock

SNAL

Snail, Inc. Class A Common Stock • NASDAQ
$0.88 ▲ 0.00% (+0.00)
Market Cap $33.22 M
52w High $3.42
52w Low $0.64
Dividend Yield 0%
P/E -1.28
Volume 16.03K
Outstanding Shares 37.75M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $13.82B ▲ $9.865B ▲ $-7.866B ▼ -56.917% ▲ $-0.21 ▲ $-9.235B ▼
Q2-2025 $22.186M ▲ $8.772M ▼ $-16.562M ▼ -74.653% ▼ $-0.44 ▼ $-1.981M ▲
Q1-2025 $20.111M ▼ $9.948M ▲ $-1.946M ▼ -9.676% ▼ $-0.052 ▼ $-3.021M ▼
Q4-2024 $26.214M ▲ $8.329M ▲ $1.12M ▲ 4.272% ▲ $0.03 ▲ $1.647M ▲
Q3-2024 $22.53M $8.3M $235.147K 1.044% $0.006 $559.7K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $12.285M ▲ $51.063M ▼ $72.139M ▲ $-15.569M ▼
Q2-2025 $7.905M ▼ $57.957M ▼ $71.449M ▲ $-7.986M ▼
Q1-2025 $9.359M ▲ $64.497M ▲ $60.894M ▲ $9.108M ▼
Q4-2024 $7.304M ▼ $62.193M ▼ $58.024M ▼ $9.673M ▲
Q3-2024 $10.566M $66.779M $64.084M $8.198M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-7.866M ▲ $6.564M ▲ $-1.12M ▲ $-1.069M ▼ $4.379M ▲ $5.443M ▲
Q2-2025 $-16.562M ▼ $-3.178M ▼ $-1.148M ▲ $2.84M ▼ $-1.454M ▼ $-3.178M ▼
Q1-2025 $-1.947M ▼ $764.549K ▲ $-1.879M ▼ $3.137M ▲ $2.055M ▲ $-1.114M ▲
Q4-2024 $1.12M ▲ $-3.598M ▲ $0 $199.171K ▲ $-3.262M ▲ $-3.598M ▲
Q3-2024 $233.16K $-4.951M $0 $-27.662K $-4.927M $-4.951M

Revenue by Products

Product Q3-2024Q1-2025Q2-2025Q3-2025
Console
Console
 $0 ▲$0 ▲$10.00M ▲$0 ▼
Manufactured Product Other
Manufactured Product Other
 $0 ▲$0 ▲$0 ▲$0 ▲
Mobile
Mobile
 $0 ▲$0 ▲$0 ▲$0 ▲
PC
PC
 $0 ▲$0 ▲$10.00M ▲$10.00M ▲
Service Other
Service Other
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Snail’s income statement shows a very small, fairly flat business that has hovered around break-even for several years. Revenue has inched up recently after earlier softness, but profit margins remain thin, and results swing between a small profit and a small loss. This suggests the core games portfolio can support itself, but it has not yet scaled into consistently strong earnings. Volatile earnings per share also hint at sensitivity to one-off items and a relatively small equity base, so reported profits can move around quickly from year to year.

Balance Sheet

Balance Sheet The balance sheet looks lightweight and somewhat compressed compared with earlier years. Total assets and cash have trended down, while debt has not fallen by as much, which can make the company more sensitive to bumps in performance. Equity is modest, implying limited balance-sheet cushioning if results disappoint. On the positive side, the business does not appear heavily invested in fixed assets, which can offer some flexibility, but it also means there is not a large asset base to fall back on.

Cash Flow

Cash Flow Cash generation has been weak in recent years. Operating cash flow has been close to zero, and free cash flow has followed the same pattern, after stronger figures earlier in the period. Very low capital spending suggests an asset-light model, but it also highlights that the current portfolio and pipeline must carry the growth story without large new investments on the balance sheet. Overall, the recent cash-flow profile points to a business that is keeping itself running but not yet producing strong, surplus cash.

Competitive Edge

Competitive Edge Competitively, Snail leans heavily on the ARK franchise and its large, engaged community, which is a real strength in a hit-driven industry. Regular content updates and community-focused support help keep that moat in place. The Wandering Wizard publishing label adds diversification by giving access to multiple indie titles and creative teams, reducing reliance on a single game. However, the company operates in an intensely competitive space dominated by much larger publishers, and its small size and limited financial resources may limit marketing power and its ability to absorb failures.

Innovation and R&D

Innovation and R&D Snail is clearly leaning into innovation. It is using AI to streamline game development and experimenting with blockchain and a potential stablecoin to reshape in-game economies. Its experience with large online multiplayer worlds is another advantage, and the upcoming slate of diverse titles shows a willingness to explore new concepts and genres. The flip side is execution risk: these initiatives are early-stage, technically complex, and may face regulatory or adoption challenges, especially for blockchain-related efforts, and the company’s modest financial scale increases the pressure to deliver hits rather than experiments that do not pay off.

Summary

Overall, Snail looks like a niche gaming company built around a strong flagship community, an asset-light model, and an appetite for new technology. Financially, it is small, close to break-even, and not currently generating strong, reliable cash, with a balance sheet that offers only limited cushioning. Strategically, its community focus, indie publishing, and innovation in AI and blockchain could create upside if they scale successfully, but they also introduce meaningful execution and competitive risk. The company’s future path will likely be driven by the performance of new ARK content, the success of upcoming titles, and whether its technology bets can translate into durable, cash-generating franchises.

NEWS

November 26, 2025 · 8:30 AM UTC

Snail, Inc. to Present at NobleCon21 on December 3, 2025 at 2:00 p.m. Eastern Time

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November 20, 2025 · 8:30 AM UTC

Snail Inc. to Host Investor Day at the NASDAQ MarketSite on December 16, 2025

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November 14, 2025 · 8:30 AM UTC

Snail Inc.'s Wandering Wizard Highlights Publishing Strategy Following Rebel Engine Launch

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November 12, 2025 · 4:05 PM UTC

Snail, Inc. Reports Third Quarter 2025 Financial Results

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November 10, 2025 · 8:30 AM UTC

Snail, Inc. Sets Third Quarter 2025 Conference Call for Wednesday, November 12, 2025 at 4:30 p.m. ET

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