Snail, Inc. Class A (SNAL) AI Stock Analysis

• Market Cap: $20.02M
• Dividend Yield: N/A
• Average Volume (3M): 116.36K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.08
• Revenue Growth: -5.17%
• EPS Growth: -898.23%
• Country: US
• Employees: 149
• Sector: Communication Services
• Sector Strength: 97
• Industry: Electronic Gaming & Multimedia
• EPS (TTM): -0.03
• Shares Outstanding: 8,998,728
• 10 Day Avg. Volume: 118,464
• 30 Day Avg. Volume: 116,355
• PEG Ratio: 0.00
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 57.20
• Enterprise Value/Revenue: 14.10K
• Enterprise Value/Gross Profit: 51.13K
• Enterprise Value/Ebitda: -66.20K
• 1Y Price Target: $2.75
• Price Target Upside: 418.87% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): 0.12
• Revenue Forecast (FY): $119.00M

• Rating: 41 Neutral
• Price Target: $0.60 ▲(12.45% Upside)
• Action: Reiterated Date: 03/20/26
• Date: Action: Reiterated 03/20/26

The score is weighed down primarily by severely deteriorated financial performance (revenue collapse, negative free cash flow, and a highly impaired balance sheet with negative equity and large debt). Technicals also remain bearish with the price below key moving averages and negative MACD. While the earnings call noted improving bookings and potentially stronger upcoming releases, current losses and Nasdaq non-compliance risk limit the upside reflected in the score.

Positive Factors

Proprietary stablecoin initiative

Developing a proprietary stablecoin is a structural diversification away from pure game sales toward in‑game economy monetization and platform-level payments. If executed, it could create recurring revenue streams, lower transaction frictions with players, and give a first‑mover advantage in game-native digital finance.

Rising bookings

Sustained bookings growth signals demand resilience and future revenue conversion as deferred amounts are recognized. Higher bookings reflect effective monetization, presales and live-ops strength, supporting multi-month revenue visibility and underwriting near-term content investment returns.

High engagement and unit sales

Large install base, rising unit sales and solid DAUs indicate strong player engagement and durable franchise economics. This supports long-term live-ops monetization (DLC, microtransactions), lowers new user acquisition needs, and strengthens IP value for sequels, ports, and cross-platform expansion.

Negative Factors

Severely impaired balance sheet

Massive negative equity and a sudden, large debt swing materially reduce solvency and financial flexibility. This elevates refinancing and covenant risk, constrains investment in game development, and increases bankruptcy/liquidation risk absent credible deleveraging or capital infusions over coming quarters.

Revenue collapse and volatile profitability

An extreme revenue drop and swing to deep negative margins undermine sustainable operations and the business model's resiliency. Volatile top-line trends make forecasting development ROI and live-ops returns unreliable, pressuring long-term ability to fund content pipeline organically.

Nasdaq listing compliance risk

Ongoing listing non‑compliance creates structural uncertainty: potential delisting or forced reverse split can dilute liquidity and curb access to equity capital. Listing pressure complicates strategic partnerships and investor confidence, making multi-month capital raises and execution on long-term projects more difficult.

Snail, Inc. Class A Business Overview & Revenue Model

Company Description

Snail, Inc., together with its subsidiaries, develops, markets, publishes, and distributes interactive digital entertainment for consumers worldwide. It offers games, content, and support for various platforms, including game consoles, personal computers, mobile phones, and tablets. The company was founded in 2009 and is based in Culver City, California.

How the Company Makes Money

Snail, Inc. primarily makes money by developing and publishing video games and monetizing them through (1) direct game sales (digital downloads and, where applicable, physical sales) on PC/console platforms, (2) ongoing in-game monetization such as downloadable content (DLC) and other add-on purchases tied to its titles, and (3) revenue share arrangements with third-party platforms and distributors (e.g., digital storefronts) through which its games are sold, where the platform typically retains a portion of gross receipts and remits the remainder to the publisher. The company’s earnings are influenced by the performance and lifecycle of its game portfolio (including new releases and the continued engagement of existing titles), the effectiveness of live-operations and content updates in sustaining player spending, and commercial terms with external partners such as storefronts, console ecosystems, and any co-development/co-publishing counterparties. Specific material partnerships and their financial terms: null.

Snail, Inc. Class A Financial Statement Overview

Summary

Financials are severely distressed. The income statement shows an extreme revenue collapse and deeply negative margins, cash flow has been negative in the last two years, and the 2025 balance sheet shows negative equity alongside very large debt—materially elevating solvency and going‑concern risk.

Income Statement

Performance has deteriorated sharply. Revenue fell from $84.5M (2024) to just $0.08M (2025 annual), and profitability swung from a modest profit in 2024 (about 2.2% net margin) to deeply negative operating results in 2025 (EBITDA margin about -21%). While earlier years show the business can be profitable (strong 2020–2021 margins), results since 2022 have been volatile with losses returning in 2023 and the extreme 2025 revenue collapse creating major sustainability concerns.

Balance Sheet

The latest balance sheet (2025 annual) is extremely distressed: stockholders’ equity is negative (about -$16.4B) alongside very large total debt (about $9.9B), indicating severe leverage and/or balance-sheet impairment. This is a dramatic reversal versus 2024, when equity was positive (~$9.7M) and debt was modest (~$7.2M). The magnitude and direction of the 2025 shift materially elevates solvency and financial flexibility risk.

Cash Flow

Cash generation is inconsistent and recently weak. Operating cash flow was negative in 2025 (about -$0.0M) and also negative in 2024 (about -$1.6M), following a positive but small 2023 and very strong 2020–2021 period. Free cash flow mirrors this pattern and remains negative in the last two years, suggesting the company is not currently self-funding operations, despite having demonstrated strong cash generation in earlier years.

Breakdown	Dec 2025	Dec 2024	Mar 2024	Dec 2022	Dec 2021
Income Statement
Total Revenue	81.20K	84.47M	60.90M	74.44M	106.73M
Gross Profit	22.40K	30.23M	12.16M	21.32M	43.05M
EBITDA	-17.30K	3.49M	-8.15M	7.70M	26.18M
Net Income	0.00	1.83M	-9.09M	947.81K	8.47M
Balance Sheet
Total Assets	59.31B	62.19M	90.86M	72.77M	80.09M
Cash, Cash Equivalents and Short-Term Investments	8.76B	7.30M	15.20M	13.87M	11.66M
Total Debt	9.88B	7.22M	14.87M	22.03M	18.64M
Total Liabilities	81.19B	58.02M	88.06M	63.41M	70.03M
Stockholders Equity	-16.37B	9.67M	8.30M	14.86M	15.59M
Cash Flow
Free Cash Flow	-1.20K	-1.57M	465.87K	-3.36M	10.85M
Operating Cash Flow	-1.20K	-1.57M	465.87K	-3.36M	15.85M
Investing Cash Flow	-5.30K	0.00	0.00	1.21M	-35.85M
Financing Cash Flow	8.70K	-6.49M	-3.44M	4.84M	2.63M

Snail, Inc. Class A Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.53
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SNAL, the sentiment is Negative. The current price of 0.53 is below the 20-day moving average (MA) of 0.64, below the 50-day MA of 0.68, and below the 200-day MA of 0.97, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 32.36 is Neutral, neither overbought nor oversold. The STOCH value of 24.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SNAL.

Snail, Inc. Class A Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DDI	77 Outperform	$414.02M	4.17	11.28%	―	1.21%	0.72%
MSGM	72 Outperform	$23.58M	2.21	44.93%	―	11.38%	-94.39%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
GDEV	59 Neutral	$262.89M	3.94	-62.85%	18.48%	―	―
SNAL	41 Neutral	$20.02M	―	2115.82%	―	-5.17%	-898.23%

Snail, Inc. Class A Corporate Events

Snail, Inc. Faces Nasdaq Non-Compliance, Weighs Options

On December 30, 2025, Snail, Inc. disclosed that it had received a notice from Nasdaq stating that, from November 11 through December 29, 2025, its common stock failed to maintain the required minimum closing bid price of $1.00 per share for 30 consecutive business days, putting it out of compliance with Nasdaq’s listing standards. The company’s stock continues to trade on the Nasdaq Capital Market, and Snail has been given a 180-day grace period, until June 29, 2026, to regain compliance—potentially by achieving a closing bid price at or above $1.00 for at least ten consecutive business days—with the possibility of a further 180-day extension if other listing requirements are met; to preserve its listing and avoid potential delisting, the company said it will closely monitor its share price and may employ measures such as a reverse stock split, signaling heightened listing risk and uncertainty for shareholders over the coming months.

The most recent analyst rating on (SNAL) stock is a Buy with a $3.00 price target. To see the full list of analyst forecasts on Snail, Inc. Class A stock, see the SNAL Stock Forecast page.