secwatch.observer — SEC 8-K summary
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Issuer:     Snail, Inc. (SNAL)
CIK:        0001886894
Form:       8-K
Filed at:   2025-11-12T23:59:59+00:00
Accession:  0001493152-25-021904
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Snail Q3 revenue $13.8M down 39% YoY; net loss $7.9M; bookings up 9.3%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1886894/000149315225021904/0001493152-25-021904-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1886894/000149315225021904/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-021904

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer