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MARKETS / NASDAQ / Technology / Software / 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

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

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
50M100M-10M-20M
202120242025
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%
202120232025
ROE
FY2024 · ROE 20.4%
20%40%-20%-40%-60%
202120232025
Three returns, three denominators.
Return on equityNot applicable: equity was zero or negative in this period, so return on equity has no meaning.
Gross margin27.6%
Operating margin-21.3%
Net margin-33.5%
EBITDAUSD -17.0M

Return on equity has no reading this year — return on capital employed, just below, still does: -97%.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -1.2
-2M-3M
202120232025
Net buybacks $M Dividends $M
FY2022 · Dividends 8.2 · Net buybacks ·
3M6M
2022
Dividends paid·
Net buybacks·
Share of profit·
Consecutive raises·

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

Equity was zero or negative — liabilities equaled or 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—not applicable◌not available in our data
SNAL, 5-year financial record
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. "—" not applicable · "◌" not available in our data.

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Provenance

Company facts, as filed

How we verify · 0 failures in 20 reconciliationsAUDITED

Reconciled in 5 of the 5 fiscal years we could check. 28 checks were skipped: the balance sheet is not tagged before 2021. 14 checks were skipped: EPS is not tagged before 2021. 14 checks were skipped: revenue is not tagged before 2021.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityServices-Prepackaged Software
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
SEC categoryemerging growth company
Data on record since2021

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