secwatch.observer — SEC 8-K summary
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Issuer:     Snail, Inc. (SNAL)
CIK:        0001886894
Form:       8-K
Filed at:   2026-03-19T23:59:59+00:00
Accession:  0001493152-26-011614
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1886894/000149315226011614/0001493152-26-011614-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1886894/000149315226011614/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-011614

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