Snail, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| 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 |
| Research and development | $14.6M | $11.6M | $5.1M | $3.0M | $834,818 |
| 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 | $660,088 | $723,038 | $1.5M | — | — |
| Pretax income | -$16.5M | $2.5M | -$11.5M | -$1.5M | $9.7M |
| Income tax expense | $10.7M | $632,124 | -$2.4M | -$2.4M | $1.8M |
| Net income | -$27.2M | $1.8M | -$9.1M | $947,807 | $8.5M |
| Balance Sheet | |||||
| Cash and equivalents | $8.6M | $7.3M | $15.2M | $12.9M | $10.2M |
| Current assets | $31.1M | $31.2M | $56.7M | $42.6M | $45.2M |
| Total assets | $59.3M | $62.2M | $90.9M | $72.8M | $80.1M |
| Current liabilities | $49.8M | $36.2M | $71.3M | $51.6M | $53.5M |
| Total liabilities | $81.2M | $58.0M | $88.1M | $63.4M | $70.0M |
| Total debt | $14.4M | $5.7M | $12.2M | $17.7M | $12.2M |
| Stockholders' equity | -$16.4M | $9.7M | $8.3M | $14.9M | $15.6M |
| Cash Flow Statement | |||||
| Cash from operations | -$1.2M | -$1.6M | $465,868 | -$3.4M | $15.8M |
| Depreciation and amortization | $247,976 | $303,714 | $432,306 | $565,906 | $798,813 |
| Stock-based compensation | $371,496 | $890,208 | $848,035 | $223,250 | $0 |
| Capital expenditure | $15,798 | — | — | $5,256 | — |
| Free cash flow | -$1.2M | — | — | -$3.4M | — |
| Dividends paid | — | — | — | $8.2M | — |
| Share repurchases | — | — | $257,093 | $3.4M | — |
| Impairments | $1.5M | — | — | $0 | $16.3M |
Shares outstanding 42.6M
Annual filing data through FY ended December 31, 2025; float as of July 16, 2026.