secwatch.observer — SEC 8-K summary
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Issuer:     Snail, Inc. (SNAL)
CIK:        0001886894
Form:       8-K
Filed at:   2025-08-19T23:59:59+00:00
Accession:  0001641172-25-024808
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1886894/000164117225024808/0001641172-25-024808-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1886894/000164117225024808/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-024808

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