Snail, Inc.
SNAL Nasdaq Services-Prepackaged Software Financials FY2021–FY2025
Revenue
Total sales reported in the income statement.
$81.2M
3.8%
vs prior year
Operating margin
Operating income as a share of revenue.
−21.3%
25.9 pts
Net income
Profit after all expenses, interest and tax.
−$27.2M
1,586.7%
Free cash flow
Cash from operations minus capital spending.
−$1.2M
Return on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
—
Market cap
Last close times the latest diluted share count, so it is approximate.
—
P/E
Last close divided by diluted earnings per share over the last four quarters.
—
What Snail, Inc. does
No business description yet.
- Legal name
- Snail, Inc.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Mar 19, 2026
- Accession · CIK
- 0001493152-26-011617
0001886894
Revenue and margins
Snail, Inc. had $81.2M of revenue in fiscal 2025, down 3.8% on the year before.
FY21
Revenue $107M
FY22
Revenue $74.4M
FY23
Revenue $60.9M
FY24
Revenue $84.5M
FY25
Revenue $81.2M
Q3 '23
Revenue $9.0M
Q4 '23
Revenue $28.6M
Q1 '24
Revenue $14.1M
Q2 '24
Revenue $21.6M
Q3 '24
Revenue $22.5M
Q4 '24
Revenue $26.2M
Q1 '25
Revenue $20.1M
Q2 '25
Revenue $22.2M
Q3 '25
Revenue $13.8M
Q4 '25
Revenue $25.1M
Q1 '26
Revenue $27.3M
Q2 '26
Revenue $19.7M
FY21
Gross 40.3%
Operating 7.8%
Net 7.9%
FCF —
FY22
Gross 28.6%
Operating −2.2%
Net 1.3%
FCF −4.5%
FY23
Gross 20.7%
Operating −16.9%
Net −14.9%
FCF —
FY24
Gross 35.8%
Operating 4.6%
Net 2.2%
FCF —
FY25
Gross 27.6%
Operating −21.3%
Net −33.5%
FCF −1.4%
Gross
Operating
Net
FCF
Q3 '23
Gross −5.4%
Operating −62.1%
Net −49.4%
FCF —
Q4 '23
Gross 34.7%
Operating 12.9%
Net 8.4%
FCF —
Q1 '24
Gross 14.7%
Operating −15.6%
Net −12.6%
FCF —
Q2 '24
Gross 37.5%
Operating 12.4%
Net 10.4%
FCF —
Q3 '24
Gross 38.6%
Operating 1.8%
Net 1.0%
FCF —
Q4 '24
Gross 43.3%
Operating 11.5%
Net 4.3%
FCF —
Q1 '25
Gross 29.1%
Operating −20.4%
Net −9.7%
FCF —
Q2 '25
Gross 31.3%
Operating −8.2%
Net −74.7%
FCF —
Q3 '25
Gross 0.1%
Operating −71.3%
Net −56.9%
FCF —
Q4 '25
Gross 38.3%
Operating −6.0%
Net −3.4%
FCF −21.1%
Q1 '26
Gross 42.7%
Operating 7.5%
Net 7.8%
FCF —
Q2 '26
Gross 39.1%
Operating −13.5%
Net −15.5%
FCF —
Gross
Operating
Net
FCF
Net income and earnings per share
Loss periods are shown in red.
FY21
Net income $8.5M
FY22
Net income $0.9M
FY23
Net income −$9.1M
FY24
Net income $1.8M
FY25
Net income −$27.2M
Q3 '23
Net income −$4.4M
Q4 '23
Net income $2.4M
Q1 '24
Net income −$1.8M
Q2 '24
Net income $2.3M
Q3 '24
Net income $0.2M
Q4 '24
Net income $1.1M
Q1 '25
Net income −$1.9M
Q2 '25
Net income −$16.6M
Q3 '25
Net income −$7.9M
Q4 '25
Net income −$0.9M
Q1 '26
Net income $2.1M
Q2 '26
Net income −$3.0M
FY21
Diluted EPS $0.24
FY22
Diluted EPS $0.03
FY23
Diluted EPS −$0.25
FY24
Diluted EPS $0.05
FY25
Diluted EPS —
Q3 '23
Diluted EPS −$0.12
Q4 '23
Diluted EPS $0.06
Q1 '24
Diluted EPS −$0.05
Q2 '24
Diluted EPS $0.06
Q3 '24
Diluted EPS $0.01
Q4 '24
Diluted EPS $0.03
Q1 '25
Diluted EPS −$0.06
Q2 '25
Diluted EPS −$0.44
Q3 '25
Diluted EPS —
Q4 '25
Diluted EPS —
Q1 '26
Diluted EPS —
Q2 '26
Diluted EPS —
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
FY21
Return on capital 80.7%
Return on equity 54.3%
Return on assets 10.6%
FY22
Return on capital −6.6%
Return on equity 6.2%
Return on assets 1.2%
FY23
Return on capital −106.1%
Return on equity −78.5%
Return on assets −11.1%
FY24
Return on capital 35.7%
Return on equity 20.4%
Return on assets 2.4%
FY25
Return on capital —
Return on equity —
Return on assets −44.8%
Return on capital
Return on equity
Return on assets
Cash flow
Free cash flow was −$1.2M in fiscal 2025, −1.4% of revenue. Cash from operations minus capital spending.
FY21
Free cash flow —
FY22
Free cash flow −$3.4M
FY23
Free cash flow —
FY24
Free cash flow —
FY25
Free cash flow −$1.2M
Q3 '23
Free cash flow —
Q4 '23
Free cash flow —
Q1 '24
Free cash flow —
Q2 '24
Free cash flow —
Q3 '24
Free cash flow —
Q4 '24
Free cash flow —
Q1 '25
Free cash flow —
Q2 '25
Free cash flow —
Q3 '25
Free cash flow —
Q4 '25
Free cash flow −$5.3M
Q1 '26
Free cash flow —
Q2 '26
Free cash flow —
FY21
Cash from operations $15.8M
Capital spending —
FY22
Cash from operations −$3.4M
Capital spending $0.0M
FY23
Cash from operations $0.5M
Capital spending —
FY24
Cash from operations −$1.6M
Capital spending —
FY25
Cash from operations −$1.2M
Capital spending $0.0M
Cash from operations
Capital spending
Q3 '23
Cash from operations −$1.9M
Capital spending —
Q4 '23
Cash from operations $11.3M
Capital spending —
Q1 '24
Cash from operations $6.8M
Capital spending —
Q2 '24
Cash from operations $0.2M
Capital spending —
Q3 '24
Cash from operations −$5.0M
Capital spending —
Q4 '24
Cash from operations −$3.6M
Capital spending —
Q1 '25
Cash from operations $0.8M
Capital spending —
Q2 '25
Cash from operations −$3.2M
Capital spending —
Q3 '25
Cash from operations $6.6M
Capital spending —
Q4 '25
Cash from operations −$5.3M
Capital spending $0.0M
Q1 '26
Cash from operations $10.2M
Capital spending —
Q2 '26
Cash from operations −$3.3M
Capital spending —
Cash from operations
Capital spending
Dividends, buybacks and share count
Snail, Inc. returned — to shareholders in fiscal 2025. The diluted share count rose 0.0%.
FY21
Dividends —
Buybacks —
FY22
Dividends $8.2M
Buybacks —
FY23
Dividends —
Buybacks —
FY24
Dividends —
Buybacks —
FY25
Dividends —
Buybacks —
Dividends
Buybacks
FY21
Diluted shares —
FY22
Diluted shares —
FY23
Diluted shares —
FY24
Diluted shares —
FY25
Diluted shares —
Balance sheet
Cash, debt and the ratios that show how comfortably Snail, Inc. can carry it.
FY21
Cash $10.2M
Debt $3.0M
FY22
Cash $12.9M
Debt $17.2M
FY23
Cash $15.2M
Debt $14.6M
FY24
Cash $7.3M
Debt $5.7M
FY25
Cash $8.6M
Debt $14.6M
Cash
Debt
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $10.2M | $12.9M | $15.2M | $7.3M | $8.6M |
| Debt incl. finance leases | $3.0M | $17.2M | $14.6M | $5.7M | $14.6M |
| Net debt / EBITDA | −0.8x | — | — | −0.4x | — |
| Debt / equity | 0.2x | 1.2x | 1.8x | 0.6x | — |
| Interest coverage | 20.0x | −1.7x | −6.9x | 5.4x | −26.2x |
| Current ratio | 0.8x | 0.8x | 0.8x | 0.9x | 0.6x |
| Quick ratio | 0.8x | 0.8x | 0.8x | 0.9x | 0.6x |
| Total assets | $80.1M | $72.8M | $90.9M | $62.2M | $59.3M |
| Total liabilities | $70.0M | $63.4M | $88.1M | $58.0M | $81.2M |
| Shareholders' equity | $15.6M | $14.9M | $8.3M | $9.7M | −$16.4M |
| Net debt (− = net cash) | −$7.2M | $4.3M | −$0.6M | −$1.6M | $6.0M |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
| Test | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Net income is positive | ✓ | ✓ | ✕ | ✓ | ✕ |
| Cash from operations is positive | ✓ | ✕ | ✓ | ✕ | ✕ |
| Return on assets rose | — | ✕ | ✕ | ✓ | ✕ |
| Cash from operations exceeds net income | ✓ | ✕ | ✓ | ✕ | ✓ |
| Debt fell relative to assets | — | ✕ | ✓ | ✓ | ✕ |
| Current ratio rose | — | ✕ | ✕ | ✓ | ✕ |
| Share count didn't rise | — | — | — | — | — |
| Gross margin rose | — | ✕ | ✕ | ✓ | ✕ |
| Revenue rose relative to assets | — | ✕ | ✕ | ✓ | ✓ |
| F-score | — / 3 | 1 / 8 | 3 / 8 | 6 / 8 | 2 / 8 |
| Accruals ratio | −9.2% | 5.6% | −11.7% | 4.4% | −42.9% |
| Altman Z'' | 0.90 | −0.93 | −2.22 | −0.56 | −6.40 |
5 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Income statement | |||||
| Revenue | $107M | $74.4M | $60.9M | $84.5M | $81.2M |
| Gross profit | $43.0M | $21.3M | $12.6M | $30.2M | $22.4M |
| Research and development | $0.8M | $3.0M | $5.1M | $11.6M | $14.6M |
| Operating income | $8.3M | −$1.6M | −$10.3M | $3.9M | −$17.3M |
| Interest expense | $0.4M | $0.9M | $1.5M | $0.7M | $0.7M |
| Pretax income | $9.7M | −$1.5M | −$11.5M | $2.5M | −$16.5M |
| Income tax | $1.8M | −$2.4M | −$2.4M | $0.6M | $10.7M |
| Net income | $8.5M | $0.9M | −$9.1M | $1.8M | −$27.2M |
| Diluted EPS | $0.24 | $0.03 | −$0.25 | $0.05 | — |
| Cash flow | |||||
| Cash from operations | $15.8M | −$3.4M | $0.5M | −$1.6M | −$1.2M |
| Capital expenditure | — | $0.0M | — | — | $0.0M |
| Free cash flow | — | −$3.4M | — | — | −$1.2M |
| Depreciation and amortization | $0.8M | $0.6M | $0.4M | $0.3M | $0.2M |
| Stock-based compensation | $0.0M | $0.2M | $0.8M | −$0.9M | $0.4M |
| Acquisitions | — | — | — | — | $0.0M |
| Dividends paid | — | $8.2M | — | — | — |
| Dividends and buybacks | — | $8.2M | — | — | — |
| Balance sheet | |||||
| Cash and short-term investments | $10.2M | $12.9M | $15.2M | $7.3M | $8.6M |
| Total debt | $3.0M | $17.2M | $14.6M | $5.7M | $14.6M |
| Current assets | $45.2M | $42.6M | $56.7M | $31.2M | $31.1M |
| Current liabilities | $53.5M | $51.6M | $71.3M | $36.2M | $49.8M |
| Property and equipment, net | $5.7M | $5.1M | $4.7M | $4.4M | $4.1M |
| Intangible assets | — | $1.7M | $0.3M | $1.0M | $8.7M |
| Total assets | $80.1M | $72.8M | $90.9M | $62.2M | $59.3M |
| Total liabilities | $70.0M | $63.4M | $88.1M | $58.0M | $81.2M |
| Shareholders' equity | $15.6M | $14.9M | $8.3M | $9.7M | −$16.4M |
| Margins | |||||
| Gross margin | 40.3% | 28.6% | 20.7% | 35.8% | 27.6% |
| Operating margin | 7.8% | −2.2% | −16.9% | 4.6% | −21.3% |
| EBITDA margin | 8.5% | −1.4% | −16.2% | 5.0% | −20.9% |
| Net margin | 7.9% | 1.3% | −14.9% | 2.2% | −33.5% |
| FCF margin | — | −4.5% | — | — | −1.4% |
| Returns | |||||
| Return on capital | 80.7% | −6.6% | −106.1% | 35.7% | — |
| Return on capital employed | 31.2% | −7.6% | −52.7% | 15.0% | −181.7% |
| Return on equity | 54.3% | 6.2% | −78.5% | 20.4% | — |
| Return on assets | 10.6% | 1.2% | −11.1% | 2.4% | −44.8% |
| Return on tangible equity | 54.3% | 7.2% | −113.2% | 21.1% | — |
| Growth | |||||
| Revenue growth | — | −30.3% | −18.2% | 38.7% | −3.8% |
| Net income growth | — | −88.8% | −1,058.7% | — | −1,586.7% |
| EPS growth | — | −87.5% | −933.3% | — | — |
| Financial health | |||||
| Net debt / EBITDA | −0.8x | — | — | −0.4x | — |
| Debt / equity | 0.2x | 1.2x | 1.8x | 0.6x | — |
| Interest coverage | 20.0x | −1.7x | −6.9x | 5.4x | −26.2x |
| Current ratio | 0.8x | 0.8x | 0.8x | 0.9x | 0.6x |
| Quick ratio | 0.8x | 0.8x | 0.8x | 0.9x | 0.6x |
| Capital allocation | |||||
| Capex / revenue | — | 0.0% | — | — | 0.0% |
| Stock comp / revenue | 0.0% | 0.3% | 1.4% | −1.1% | 0.5% |
| Quality scores | |||||
| Piotroski F-score | — | 1.0 | 3.0 | 6.0 | 2.0 |
| Altman Z'' | 0.9 | −0.9 | −2.2 | −0.6 | −6.4 |
| Accruals ratio | −9.2% | 5.6% | −11.7% | 4.4% | −42.9% |
Source: SEC EDGAR XBRL filings (CIK 0001886894). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.