{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-25-021904","form_type":"8-K","ticker":"SNAL","cik":"0001886894","company_name":"Snail, Inc.","filed_at":"2025-11-12T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.984602+00:00","generated_at":"2026-05-16T21:38:16.960399+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Snail Q3 revenue $13.8M down 39% YoY; net loss $7.9M; bookings up 9.3%","bullets":["Net loss of $7.9M vs net income $0.2M in Q3 2024; EBITDA was $(9.7)M.","Net revenues $13.8M down 39% YoY; deferred revenue rose to $36.4M, with $5.8M expected in Q4 from ARK Lost Colony launch.","Bookings grew 9.3% to $17.6M YoY, driven by ARK promotions and pre-sales.","ARK franchise: ASE units 576k, ASA 499k units in Q3; total ARK sales up $2.2M YoY.","Stablecoin infrastructure development and multi-state regulatory licensing progressing."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-25-021904","json":"https://secwatch.observer/filing/0001493152-25-021904.json","markdown":"https://secwatch.observer/filing/0001493152-25-021904.md","text":"https://secwatch.observer/filing/0001493152-25-021904.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1886894/000149315225021904/0001493152-25-021904-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1886894/000149315225021904/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T21:38:16.960399+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}