---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-024808"
form_type: "8-K"
ticker: "SNAL"
cik: "0001886894"
company_name: "Snail, Inc."
filed_at: "2025-08-19T23:59:59+00:00"
generated_at: "2026-05-17T11:34:05.269316+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Snail posts Q2 net loss of $16.6M; revenue up to $22.2M; launches stablecoin initiative

## Summary
- Net loss $16.6M vs net income $2.3M YoY; revenue $22.2M (+2.8% YoY).
- Bookings $27.1M (+18.5% YoY); EBITDA loss $2.4M vs $3.1M income.
- ARK franchise: ASE units 1.2M, ASA units 807k; ARK Mobile 6.9M total downloads.
- Announced proprietary stablecoin initiative; formed Snail Coins LLC; ATM offering for reserve backing.
- Signed MoU with Mega Matrix Inc. for short drama co-production and distribution.

## SEC filing metadata
- accession: 0001641172-25-024808
- form_type: 8-K
- ticker: SNAL
- cik: 0001886894
- company_name: Snail, Inc.
- filed_at: 2025-08-19T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1886894/000164117225024808/0001641172-25-024808-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1886894/000164117225024808/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-024808
- JSON: https://secwatch.observer/filing/0001641172-25-024808.json
- Plain text: https://secwatch.observer/filing/0001641172-25-024808.txt

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