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

• Market Cap: $24.54M
• Dividend Yield: N/A
• Average Volume (3M): 116.36K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.05
• Revenue Growth: -5.17%
• EPS Growth: -898.23%
• Country: US
• Employees: 149
• Sector: Communication Services
• Sector Strength: 97
• Industry: Electronic Gaming & Multimedia
• EPS (TTM): -0.21
• Shares Outstanding: 8,998,728
• 10 Day Avg. Volume: 118,464
• 30 Day Avg. Volume: 116,355
• PEG Ratio: -0.31
• Price to Book (P/B): 7.07
• Price to Sales (P/S): 0.81
• P/FCF Ratio: -43.73
• Enterprise Value/Market Cap: 0.94
• Enterprise Value/Revenue: 0.28
• Enterprise Value/Gross Profit: 0.96
• Enterprise Value/Ebitda: >-0.01
• 1Y Price Target: $3.00
• Price Target Upside: 361.54% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): 0.12
• Revenue Forecast (FY): $119.00M

• Rating: 43 Neutral
• Price Target: $0.77 ▲(19.08% Upside)
• Action: Reiterated Date: 02/04/26
• Date: Action: Reiterated 02/04/26

The score is held down primarily by weak and unstable financials (large TTM loss, negative equity, and negative free cash flow) alongside a bearish technical backdrop. Earnings-call commentary provides some offset via improving bookings and Q4 release catalysts, but Nasdaq non-compliance adds meaningful near-term risk.

Positive Factors

Engagement & Unit Sales Growth

Sustained user engagement and materially higher unit sales indicate durable product-market fit for core ARC titles. High DAU and large download counts support recurring in-game monetization, lower marginal marketing costs per user, and a larger addressable base for future DLC and live-ops revenue over the next several quarters.

Bookings Growth & Revenue Visibility

Rising bookings paired with a sizable deferred revenue balance gives near-term revenue visibility and smoothing versus volatile GAAP receipts. Recognizable deferred revenue and presales reduce execution risk for upcoming quarters and provide predictable cash conversion windows to fund content cadence and ops spending.

Strategic Innovation — Stablecoin Project

Developing an internal stablecoin is a structural move to embed payments and microtransactions, potentially lowering transaction frictions and platform fees. If executed, it can create a proprietary payments layer, increase user stickiness, and open new monetization and partnership avenues beyond single-title sales.

Negative Factors

Negative Stockholders' Equity

Negative equity is a durable impairment to financial flexibility: it reduces the company's ability to absorb future losses, constrains borrowing and covenant room, and raises the probability of dilutive financing or distressed outcomes if operational performance stalls during content investment cycles.

Negative Free Cash Flow & Volatile Cash Generation

Persistent negative free cash flow means the business is not self-funding after capex and content investments, requiring external capital to execute roadmaps. Historical swings in operating cash increase financing risk and can force scaling back live-ops or new releases if capital access tightens, harming long-term growth.

Collapsed Margins & Large Net Losses

Severely compressed margins and large TTM losses undermine the company's capacity to reinvest and signal profitability fragility. Margin collapse makes returns on new content more uncertain, pressures R&D and marketing budgets, and prolongs reliance on external funding until sustainable margin recovery is proven.

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. generates revenue primarily through the sale of its video games and in-game purchases. The company offers its games on multiple platforms, including consoles, PCs, and mobile devices, allowing it to reach a wide range of consumers. In addition to direct sales, Snail, Inc. monetizes its games through microtransactions, where players can purchase virtual goods, upgrades, or additional content within the games. The company may also earn revenue through licensing agreements, where third-party companies pay for the rights to use or distribute Snail's gaming content. Strategic partnerships with other technology and gaming companies can enhance distribution channels and provide additional revenue opportunities.

Snail, Inc. Class A Financial Statement Overview

Summary

Financial quality is weak and volatile: TTM profitability collapsed with a very large net loss, equity turned negative, and free cash flow remained negative despite slightly positive operating cash flow—raising operational and balance-sheet risk.

Income Statement

The income statement shows a sharp deterioration in profitability. While revenue in TTM (Trailing-Twelve-Months) is extremely high versus prior years, margins collapsed (near-zero gross margin and deeply negative operating and net margins), resulting in a very large net loss. Earlier years were mixed—strong profitability in 2020–2021, losses in 2022–2023, a small profit in 2024—suggesting earnings quality and sustainability have been volatile, with the latest TTM being the weakest point.

Balance Sheet

Leverage appears manageable in absolute debt dollars, but the capital structure weakened materially in TTM (Trailing-Twelve-Months) with stockholders’ equity turning negative, which reduces financial flexibility and raises balance-sheet risk. Historically, the company carried moderate-to-high leverage (debt relative to equity was elevated in 2021–2023, improved in 2024), but the move to negative equity in the latest period is a major setback despite a reasonable total asset base.

Cash Flow

Cash generation is inconsistent. Operating cash flow turned slightly positive in TTM (Trailing-Twelve-Months), but free cash flow remained negative, indicating the business is not currently self-funding after investment needs. Prior years also showed swings—strong cash generation in 2020–2021, negative operating/free cash flow in 2022 and 2024, and modestly positive in 2023—highlighting elevated volatility and weaker cash reliability in the most recent periods.

Breakdown	TTM	Dec 2024	Mar 2024	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	82.33M	84.47M	60.90M	74.44M	106.73M	124.94M
Gross Profit	24.16M	30.23M	12.16M	21.32M	43.05M	57.64M
EBITDA	-9.24B	3.49M	-8.15M	7.70M	26.18M	51.80M
Net Income	-25.25M	1.83M	-9.09M	947.81K	8.47M	30.69M
Balance Sheet
Total Assets	51.06M	62.19M	90.86M	72.77M	80.09M	123.62M
Cash, Cash Equivalents and Short-Term Investments	12.28M	7.30M	15.20M	13.87M	11.66M	27.59M
Total Debt	10.87M	7.22M	14.87M	22.03M	18.64M	17.96M
Total Liabilities	72.14M	58.02M	88.06M	63.41M	70.03M	89.28M
Stockholders Equity	-15.57M	9.67M	8.30M	14.86M	15.59M	39.36M
Cash Flow
Free Cash Flow	-2.45M	-1.57M	465.87K	-3.36M	10.85M	48.46M
Operating Cash Flow	552.07K	-1.57M	465.87K	-3.36M	15.85M	48.49M
Investing Cash Flow	-4.15M	0.00	0.00	1.21M	-35.85M	-18.14M
Financing Cash Flow	5.11M	-6.49M	-3.44M	4.84M	2.63M	-7.56M

Snail, Inc. Class A Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.65
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• 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 0.65 is below the 20-day moving average (MA) of 0.65, below the 50-day MA of 0.75, and below the 200-day MA of 1.00, indicating a bearish trend. The MACD of -0.03 indicates Negative momentum. The RSI at 44.14 is Neutral, neither overbought nor oversold. The STOCH value of 56.64 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	$454.41M	4.45	11.19%	―	1.21%	0.72%
MSGM	65 Neutral	$21.50M	40.43	44.93%	―	11.38%	-94.39%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
GDEV	59 Neutral	$274.67M	7.07	―	18.48%	―	―
GMGI	57 Neutral	$96.66M	-15.81	-4.94%	―	53.06%	-196.63%
BHAT	44 Neutral	$1.44M	>-0.01	-14.99%	―	-53.11%	82.68%
SNAL	43 Neutral	$24.54M	-0.94	22.59%	―	-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.

Snail, Inc. Issues Note and Conversion Shares

Snail, Inc. Class A has issued a Note and Conversion Shares under the exemption provided by Section 4(a)(2) of the Securities Act of 1933, which allows for the offer and sale of securities not involving a public offering. This move is expected to impact the company’s financial operations by leveraging private investment opportunities, potentially affecting its market positioning and stakeholder interests.

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.