---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-011614"
form_type: "8-K"
ticker: "SNAL"
cik: "0001886894"
company_name: "Snail, Inc."
filed_at: "2026-03-19T23:59:59+00:00"
generated_at: "2026-05-15T09:42:12.472524+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Snail Q4 net loss $0.9M; FY2025 net loss $27.2M on $81.2M revenue

## Summary
- Q4 revenue $25.1M (-4% YoY); net loss $0.9M vs. net income $1.1M in Q4 2024.
- FY2025 revenue $81.2M (-4% YoY); net loss $27.2M vs. net income $1.8M, weighed by $10.1M deferred tax valuation allowance.
- Full-year bookings rose 16% to $87.8M; unrestricted cash $8.6M at Dec 31, 2025.
- ARK Survival Ascended surpassed 4M units; roadmap includes ARK World Creator (May 2026) and Genesis Part 1 remake.
- Bellwright exceeded 1M Steam downloads; Q4 unit sales 166,000 and Maiden Voyage update drove peak concurrent users.

## SEC filing metadata
- accession: 0001493152-26-011614
- form_type: 8-K
- ticker: SNAL
- cik: 0001886894
- company_name: Snail, Inc.
- filed_at: 2026-03-19T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1886894/000149315226011614/0001493152-26-011614-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1886894/000149315226011614/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-011614
- JSON: https://secwatch.observer/filing/0001493152-26-011614.json
- Plain text: https://secwatch.observer/filing/0001493152-26-011614.txt

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