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MARKETS / NASDAQ / SNAL
NASDAQ · SERVICES-PREPACKAGED SOFTWARE

Snail, Inc. SNAL

5 fiscal years on record · USD · FY2025 reported · SEC filings only
$81.2M
▼ 3.8% YoY
$-27.2M
▼ 1586.7% YoY
$-1.2M
In brief

What this company does

It publishes games under three specialized labels: Snail Games USA, Wandering Wizard and Interactive Films. For the years ended December 31, 2025 and 2024, the company generated 89.4% and 85.1%, respectively, of its revenues from the ARK franchise. For the years ended December 31, 2025 and 2024, net revenue was $81.2 million and $84.5 million, respectively. As of December 31, 2025, the company had 166 full-time employees worldwide, approximately 74% based in North America and approximately 26% in Europe, the Middle East and Africa. Snail Games USA, Inc. was incorporated in the State of California on September 22, 2009. Snail, Inc. was incorporated in the State of Delaware on January 11, 2022.

Written from the business description in Snail, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 19 March 2026. Every sentence was checked against that document before publication.

Growth
USD 81.2M
Revenue, FY2025 · full 5-year series below
Revenue $M Net income $M
FY2025 · Revenue 81.2 · Net income -27.2
40M80M-10M-20M20212022202320242025
Compound annual growth
+2.9%
−40.7%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−34 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -21.3% · Net -33.5%
2%4%6%-10%-20%-30%20212022202320242025
ROE
FY2024 · ROE 20.4%
20%40%-20%-40%-60%20212022202320242025

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -1.2
-2M20212022202320242025
Net buybacks $M Dividends $M
FY2022 · Dividends 8.2 · Net buybacks —
4M8M2022

Total assetsUSD 59.3M
EquityUSD -16.4M
CashUSD 8.6M
Gross debtUSD 5.6M
Net debtUSD -3.0M
Current ratio0.62×

Equity was negative — liabilities exceeded assets. No ratio is shown.

The 5-year record
5 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 20252024202320222021
Revenue $B0.10.10.10.10.1
Operating income $B−0.00.0−0.0−0.00.0
EBITDA $B−0.00.0−0.0−0.00.0
Income tax $B0.00.0−0.0−0.00.0
Net income $B−0.00.0−0.00.00.0
Free cash flow $B−0.0··−0.0·
EPS, diluted $·0.05−0.250.030.24
Dividend / sh $·····
Payout %···865·
ROE %·20.4−78.56.254.3

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 20 reconciliationsAUDITED

Reconciled in 5 of 19 fiscal years. 75 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityServices-Prepackaged Software
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
SEC categoryemerging growth company
Data on record since2021

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