---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-038482"
form_type: "8-K"
ticker: "SNAL"
cik: "0001886894"
company_name: "Snail, Inc."
filed_at: "2023-03-30T23:59:59+00:00"
generated_at: "2026-06-17T09:47:04.105156+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Snail Q4 revenue $15.3M (-35% YoY); net loss $2.3M; full-year EBITDA loss $0.7M

## Summary
- Q4 revenue $15.3M, down 35% YoY; net loss $2.3M vs $9.1M loss prior year.
- Full-year 2022 revenue $74.4M (-30% YoY); net income $1.0M vs $7.9M prior year.
- ARK DAUs averaged 305,376 in 2022 (+19% YoY); units sold 5.5M vs 6.6M.
- Unrestricted cash $12.9M at Dec 31, 2022; EBITDA loss $0.7M for full year vs gain $9.2M.
- CEO expects ARK 2 product roadmap in April 2023; Ragnarok expansion on Switch released Feb 7.

## SEC filing metadata
- accession: 0001104659-23-038482
- form_type: 8-K
- ticker: SNAL
- cik: 0001886894
- company_name: Snail, Inc.
- filed_at: 2023-03-30T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1886894/000110465923038482/0001104659-23-038482-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1886894/000110465923038482/tm2310943d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-038482
- JSON: https://secwatch.observer/filing/0001104659-23-038482.json
- Plain text: https://secwatch.observer/filing/0001104659-23-038482.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.