Snail, Inc. balance sheet
At the end of fiscal 2025, Snail, Inc. had total assets of $59.3m, total liabilities of $81.2m and shareholders' equity of −$16.4m. It held $8.6m in cash against $14.6m of debt: net debt of $6.0m.
Balance sheet
| Fiscal year | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|
| Cash and equivalents | 10 | 13 | 15 | 7 | 9 | 13 |
| Receivables | 12 | 7 | — | — | — | — |
| Total current assets | 45 | 43 | 57 | 31 | 31 | 32 |
| Total assets | 80 | 73 | 91 | 62 | 59 | 57 |
| Accounts payable | 4 | 9 | — | — | — | — |
| Deferred revenue (current) | 11 | 4 | 19 | 4 | 15 | 29 |
| Total current liabilities | 53 | 52 | 71 | 36 | 50 | 58 |
| Short-term debt | 0 | 0 | 3 | 3 | 1 | 1 |
| Long-term debt | 3 | 3 | 12 | 6 | 4 | 4 |
| Total debt | 12 | 18 | 15 | 6 | 15 | 8 |
| Total liabilities | 70 | 63 | 88 | 58 | 81 | 74 |
| Shareholders' equity | 16 | 15 | 8 | 10 | −16 | −11 |
| Non-controlling interests and other (assets − liabilities − equity) | −6 | −5 | −5 | −6 | −6 | −6 |
| Net debt (negative = net cash) | 2 | 5 | −1 | −2 | 6 | −5 |
| Shares outstanding | — | — | — | — | — | — |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 37 | 31 | 31 | 39 | 35 | 31 | 29 | 32 |
| Total assets | 67 | 62 | 64 | 58 | 51 | 59 | 57 | 57 |
| Deferred revenue (current) | 13 | 4 | 4 | 17 | 30 | 15 | 15 | 29 |
| Total current liabilities | 44 | 36 | 37 | 55 | 66 | 50 | 48 | 58 |
| Short-term debt | 3 | 3 | 3 | 3 | 3 | 1 | 1 | 1 |
| Long-term debt | 6 | 6 | 9 | 12 | 11 | 4 | 4 | 4 |
| Total debt | 8 | 8 | 12 | 15 | 13 | 6 | 5 | 5 |
| Total liabilities | 64 | 58 | 61 | 71 | 72 | 81 | 77 | 74 |
| Shareholders' equity | 8 | 10 | 9 | −8 | −16 | −16 | −14 | −11 |
| Non-controlling interests and other (assets − liabilities − equity) | −6 | −6 | −6 | −6 | −6 | −6 | −6 | −6 |
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