Snail, Inc. SNAL
mission is to provide high-quality entertainment experiences to audiences around the world. We are a leading, global independent
developer and publisher of interactive digital entertainment for consumers around the world. We have built a premier portfolio of
premium games designed for use on a variety of platforms, including consoles, PCs, and mobile devices. ARK: Survival Ascended was
ranked in top 100 on Steam in 2025, a year in which we launched the ARK: Lost Colony downloadable content (" DLC"). Our
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- United States
- United Kingdom
- Non-US
| Region | FY2025 | FY2024 |
|---|---|---|
| United States | $72.1M | $73.1M |
| United Kingdom | $7.4M | $9.2M |
| Non-US | $1.7M | $2.1M |
As the company reported it, from the “SCHEDULE OF DISAGGREGATION OF REVENUE (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $81.2M | $84.5M | $60.9M | $74.4M | $106.7M | — |
| Cost of revenue | $58.8M | $54.2M | $48.3M | $53.1M | $63.7M | — |
| Gross profit | $22.4M | $30.2M | $12.6M | $21.3M | $43.0M | — |
| R&D | $14.6M | $11.6M | $5.1M | $3.0M | $834.8K | — |
| SG&A | $18.1M | $12.9M | $15.8M | $18.7M | $16.4M | — |
| Total operating expenses | $39.7M | $26.3M | $22.9M | $22.9M | $34.7M | — |
| Operating income | -$17.3M | $3.9M | -$10.3M | -$1.6M | $8.3M | — |
| Interest expense | $660.1K | $723.0K | $1.5M | — | — | — |
| Pre-tax income | -$16.5M | $2.5M | -$11.5M | -$1.5M | $9.7M | — |
| Income tax | $10.7M | $632.1K | $2.4M | $2.4M | $1.8M | — |
| Net income | -$27.2M | $1.8M | -$9.1M | $947.8K | $8.5M | — |
| EPS, basic | -0.73 | 0.05 | -0.25 | 0.03 | 0.24 | — |
| EPS, diluted | — | 0.05 | -0.25 | 0.03 | 0.24 | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Cash and equivalents | $8.6M | $7.3M | $16.3M | $19.2M | $16.6M | $33.9M |
| Receivables | — | — | — | $6.8M | $12.2M | — |
| Total current assets | $31.1M | $31.2M | $56.7M | $42.6M | $45.2M | — |
| Property, plant and equipment | $4.1M | $4.4M | $4.7M | $5.1M | $5.7M | — |
| Other intangibles | $8.7M | $973.9K | $271.7K | $1.7M | — | — |
| Total assets | $59.3M | $62.2M | $90.9M | $72.8M | $80.1M | — |
| Accounts payable | — | — | — | $9.5M | $3.9M | — |
| Short-term debt | $1.3M | $2.7M | $2.8M | $86.5K | $77.3K | — |
| Total current liabilities | $49.8M | $36.2M | $71.3M | $51.6M | $53.5M | — |
| Long-term debt | $4.3M | $5.7M | $12.2M | $3.2M | $2.9M | — |
| Total liabilities | $81.2M | $58.0M | $88.1M | $63.4M | $70.0M | — |
| Retained earnings | -$39.4M | -$12.1M | -$13.9M | -$4.9M | $16.0M | — |
| Total equity | -$16.4M | $9.7M | $2.8M | $9.4M | $10.1M | $34.3M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Operating cash flow | -$1.2M | -$1.6M | $465.9K | -$3.4M | $15.8M | — |
| Depreciation and amortisation | $248.0K | $303.7K | $432.3K | $565.9K | $798.8K | — |
| Stock-based compensation | $371.5K | -$890.2K | $848.0K | $223.2K | — | — |
| Capital expenditure | $15.8K | — | — | $5.3K | — | — |
| Investing cash flow | -$5.3M | — | — | $1.2M | -$35.8M | — |
| Financing cash flow | $8.7M | -$6.5M | -$3.4M | $4.8M | $2.6M | — |
| Dividends paid | — | — | — | $8.2M | — | — |
| Buybacks | — | — | — | $3.4M | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001493152-26-014247.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | — | $106.7M | $74.4M | $60.9M | $84.5M | $81.2M |
| Gross profit | — | $43.0M | $21.3M | $12.6M | $30.2M | $22.4M |
| Net income | — | $8.5M | $947.8K | -$9.1M | $1.8M | -$27.2M |
Recent filings and events
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Delisting notice The exchange has told the company it no longer meets the rules for staying listed - usually price, market cap, or filings that are late. Item 3.01
- Shareholder rights changed The terms attaching to the shares themselves have changed. Item 3.03
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Other event Item 8.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Shareholder vote Item 5.07
- Shareholder vote Item 5.07
- Other event Item 8.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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