---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-010393"
form_type: "8-K"
ticker: "SNAL"
cik: "0001886894"
company_name: "Snail, Inc."
filed_at: "2025-05-14T23:59:59+00:00"
generated_at: "2026-05-21T10:32:50.163053+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Snail Q1 revenue up 42.5% to $20.1M; net loss widens slightly to $1.9M

## Summary
- Net revenue $20.1M vs $14.1M YoY; net loss $(1.9)M vs $(1.8)M.
- Bookings rose 13.6% to $22.2M; EBITDA was $(3.2)M.
- ARK franchise DAUs up ~16% to 243K on Steam/Epic; ASE sold ~690,775 units, ASA sold ~751,960 units.
- ARK Mobile surpassed 4.8M downloads since launch; average DAUs 143,976.
- Signed MoU with Mega Matrix for co-development of at least 10 short dramas.

## SEC filing metadata
- accession: 0001641172-25-010393
- form_type: 8-K
- ticker: SNAL
- cik: 0001886894
- company_name: Snail, Inc.
- filed_at: 2025-05-14T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1886894/000164117225010393/0001641172-25-010393-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1886894/000164117225010393/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-010393
- JSON: https://secwatch.observer/filing/0001641172-25-010393.json
- Plain text: https://secwatch.observer/filing/0001641172-25-010393.txt

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