Every 10-Q that Snail, Inc. (SNAL) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow SNAL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SNAL filings page.
Snail, Inc. reported higher year-to-date revenue but a smaller quarterly top line while sharply reducing losses. For the quarter ended June 30, 2026, net revenue was $19.7 million versus $22.2 million a year earlier, though six‑month revenue rose to $47.0 million from $42.3 million, driven mainly by PC and digital sales.
Quarterly gross profit improved to $7.7 million from $7.0 million as cost of revenues declined. The Q2 2026 net loss attributable to Snail, Inc. narrowed to $3.0 million from $16.6 million in Q2 2025, helped by a tax benefit instead of the large prior‑year tax expense. For the first six months, net loss was $0.9 million compared with $18.5 million.
Operating cash flow turned positive, generating $6.9 million versus a $2.4 million outflow a year earlier, supported by higher deferred revenue and working‑capital swings. Cash and restricted cash increased to $15.6 million. However, the balance sheet remains leveraged, with total liabilities of $74.1 million and a stockholders’ deficit of $17.0 million, reflecting substantial debt and negative retained earnings.
Snail, Inc. reported a strong turnaround for the quarter ended March 31, 2026. Net revenue reached $27.3M, significantly higher than the same period in 2025, driven mainly by PC and U.S. sales. Gross profit rose to $11.7M, and the company generated income from operations of $2.0M instead of a prior-year loss.
Net income attributable to Snail, Inc. was $2.13M, with basic earnings per share of $0.06 for Class A stockholders. Operating cash flow improved sharply to $10.2M, lifting cash and restricted cash to $16.2M. The company still reports a stockholders’ deficit of $19.7M and carries substantial related-party payables and deferred revenue of $31.7M, but its quarterly profitability and cash generation mark a notable improvement.
Snail, Inc. (SNAL) reported Q3 2025 results with a sharp year-over-year decline in revenue and profitability. Revenue was $13,819,527 versus $22,530,372 a year ago, and the company recorded a net loss of $7,865,694 compared with net income of $233,161 in Q3 2024. Gross profit was $14,406 as cost of revenues nearly matched sales.
For the nine months ended September 30, 2025, revenue was $56,116,149 versus $58,252,751 last year, with a net loss of $26,375,362 versus net income of $707,318. Operating expenses rose, including general and administrative of $4,844,261 and research and development of $3,731,441 in Q3. The quarter also included an impairment of film assets of $336,134.
The balance sheet shifted to a stockholders’ equity (deficit) of $(21,075,846) from $4,169,162 at December 31, 2024, as total liabilities reached $72,138,991 against total assets of $51,063,145. Cash and cash equivalents increased to $12,284,675. Operating cash flow for the first nine months was $4,150,392, supported by higher current deferred revenue of $30,211,054 tied to yet-to-be-delivered content.
As of November 10, 2025, outstanding shares were 8,998,728 Class A and 28,748,580 Class B.
Snail, Inc. (SNAL) reported strained interim results with growing operating costs, sizeable deferred revenue and liquidity pressures. Current assets were $38.8 million versus current liabilities of $55.2 million, producing a working capital deficit. The company recorded a net loss of $16.6 million for the period and an accumulated deficit of $30.6 million. Research and development expense rose to $6.9 million (six months) and general and administrative expense increased to $8.4 million (six months). Deferred revenue ended at $32.5 million, including multi-year non-refundable payments expected to be recognized over 12–60 months. The company disclosed debt covenant breaches for multiple loans and received lender waivers, and classified long-term debt as current given probable future covenant failures. Snail completed a business combination to acquire the remaining interest in Matrioshka Games on May 2, 2025.