Snail, Inc. income statement
In fiscal 2025, Snail, Inc. reported revenue of $81.2m, down 3.8% on the year before, operating income of −$17.3m (a -21.3% margin) and net income of −$27.2m. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|
| Revenue | 107 | 74 | 61 | 84 | 81 | 86 |
| Cost of revenue | 64 | 53 | 48 | 54 | 59 | 57 |
| Gross profit | 43 | 21 | 13 | 30 | 22 | 29 |
| Research and development | 1 | 3 | 5 | 12 | 15 | 16 |
| General and administrative | 16 | 19 | 16 | 13 | 18 | 19 |
| Operating income | 8 | −2 | −10 | 4 | −17 | −12 |
| Interest expense | 0 | 1 | 2 | 1 | 1 | 1 |
| Income before tax | 10 | −1 | −11 | 2 | −17 | −11 |
| Income tax | 2 | −2 | −2 | 1 | 11 | −2 |
| Net income | 8 | 1 | −9 | 2 | −27 | −10 |
| Diluted EPS | $0.24 | $0.03 | −$0.25 | $0.05 | — | — |
| EBITDA | 9 | −1 | −10 | 4 | −17 | −12 |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 23 | 26 | 20 | 22 | 14 | 25 | 27 | 20 |
| Cost of revenue | 14 | 15 | 14 | 15 | 14 | 15 | 16 | 12 |
| Gross profit | 9 | 11 | 6 | 7 | 0 | 10 | 12 | 8 |
| Research and development | 4 | 4 | 4 | 3 | 4 | 4 | 4 | 4 |
| General and administrative | 4 | 4 | 5 | 3 | 5 | 5 | 5 | 5 |
| Operating income | 0 | 3 | −4 | −2 | −10 | −1 | 2 | −3 |
| Interest expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Income before tax | 0 | 1 | −3 | −3 | −9 | −1 | 2 | −3 |
| Income tax | 0 | 0 | −1 | 14 | −2 | −0 | 0 | −0 |
| Net income | 0 | 1 | −2 | −17 | −8 | −1 | 2 | −3 |
| Diluted EPS | $0.01 | $0.03 | −$0.06 | −$0.44 | — | — | — | — |
| EBITDA | 0 | 3 | −4 | −2 | −10 | −1 | 2 | −3 |
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