Snail, Inc. Class A (SNAL)
NASDAQ:SNAL
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Snail, Inc. Class A
(NASDAQ:SNAL)
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Rating:40Underperform
Price Target:
$0.50
▼(-0.80% Downside)
Action:DowngradedDate:04/01/26
The score is weighed down primarily by severely distressed financials (revenue collapse, negative free cash flow, and negative equity with very large debt). Technicals remain bearish with the stock below key moving averages and negative MACD, while earnings-call positives (bookings/engagement and upcoming releases) are not enough to offset ongoing losses and Nasdaq compliance risks.
Positive Factors
Diversified game monetization & live-ops model
Snail’s core business combines upfront game sales with ongoing in-game monetization and platform revenue shares. That mix and emphasis on live-ops and updates supports recurring spend, lower marginal acquisition costs, and durable revenue streams across title lifecycles.
Negative Factors
Severely impaired balance sheet and massive negative equity
Negative equity of this magnitude and very large debt indicate severe balance-sheet impairment and likely material accounting or extinguishment events. Such leverage restricts financing flexibility, raises solvency risk, and can force restructuring or dilutive capital actions over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified game monetization & live-ops model
Snail’s core business combines upfront game sales with ongoing in-game monetization and platform revenue shares. That mix and emphasis on live-ops and updates supports recurring spend, lower marginal acquisition costs, and durable revenue streams across title lifecycles.
Read all positive factors
Snail, Inc. Class A (SNAL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$16.42M
Dividend YieldN/A
Average Volume (3M)116.36K
Price to Earnings (P/E)―
Beta (1Y)2.02
Revenue Growth-5.17%
EPS Growth-898.23%
CountryUS
Employees149
SectorCommunication Services
Sector Strength97
IndustryElectronic Gaming & Multimedia
Share Statistics
EPS (TTM)-0.03
Shares Outstanding9,032,061
10 Day Avg. Volume118,464
30 Day Avg. Volume116,355
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)>-0.01
Price to Sales (P/S)0.41
P/FCF Ratio-28.48
Enterprise Value/Market Cap-530.93
Enterprise Value/Revenue-107.35
Enterprise Value/Gross Profit-393.08
Enterprise Value/Ebitda0.94
Forecast
1Y Price Target
$2.75Price Target Upside450.00% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.12
Revenue Forecast (FY)$119.00M
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 co...
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 a...
Snail, Inc. Class A Earnings Call Summary
Earnings Call Date:Nov 12, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:May 20, 2026
Earnings Call Sentiment Neutral
While the company is making significant progress in its stablecoin project and experiencing strong engagement in its gaming portfolio, the decrease in net revenue and significant losses overshadow these achievements. The promise of upcoming releases suggests potential positive outcomes in the near future.Positive Updates
Stablecoin Project Progress
Snail, Inc. continues to make meaningful progress on its proprietary stablecoin project, positioning itself as one of the first gaming companies to issue such a coin, with significant untapped potential in the gaming industry.
Negative Updates
Decrease in Net Revenue
Net revenue for the third quarter decreased to $13.8 million from $22.5 million in the previous year, primarily due to an increase in deferred revenue.
Read all updates
Q3-2025 Updates
Positive
Negative
Stablecoin Project Progress
Snail, Inc. continues to make meaningful progress on its proprietary stablecoin project, positioning itself as one of the first gaming companies to issue such a coin, with significant untapped potential in the gaming industry.
Read all positive updates
Company Guidance
During the third-quarter 2025 earnings call for Snail, Inc., several key metrics and guidance were discussed. The company reported a net revenue of $13.8 million, a decrease from $22.5 million in the same period last year, primarily due to an increase in deferred revenue related to ARC Survival Ascended, amounting to $10.9 million. The deferred revenue balance stood at $36.4 million, with expectations to recognize $26.5 million within the next twelve months, including $5.8 million from the ARC Lost Colony presale. Despite the decline in net revenue, bookings increased by 9.3% to $17.6 million compared to the previous year, driven by sales promotions and new releases like ARC Lost Colony and ARC Aquatica. The company also faced a net loss of $7.9 million for the quarter, attributed to increased expenses and deferred revenue. Engagement metrics showed a 7.8% increase in units sold year-over-year, with 4.8 million units sold over nine months. Average daily active users (DAU) for ARC Survival Ascended were recorded at approximately 122,658 and 92,876. The company anticipates a stronger fourth quarter, bolstered by the forthcoming launch of ARC Lost Colony and other new titles.Snail, Inc. Class A Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
5
Very Negative
Cash Flow
18
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Mar 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 81.23M | 84.47M | 60.90M | 74.44M | 106.73M |
| Gross Profit | 22.18M | 30.23M | 12.16M | 21.32M | 43.05M |
| EBITDA | -13.75M | 3.49M | -8.15M | 7.70M | 26.18M |
| Net Income | -27.24M | 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 | -1.17M | -1.57M | 465.87K | -3.36M | 10.85M |
| Operating Cash Flow | -1.15M | -1.57M | 465.87K | -3.36M | 15.85M |
| Investing Cash Flow | -5.26M | 0.00 | 0.00 | 1.21M | -35.85M |
| Financing Cash Flow | 8.71M | -6.49M | -3.44M | 4.84M | 2.63M |
Snail, Inc. Class A Technical Analysis
Negative
0.50
Price Trends
0.62
Negative
0.75
Negative
0.93
Negative
Market Momentum
-0.04
Positive
36.07
Neutral
33.59
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 0.5 is below the 20-day moving average (MA) of 0.56, below the 50-day MA of 0.62, and below the 200-day MA of 0.93, indicating a bearish trend. The MACD of -0.04 indicates Positive momentum. The RSI at 36.07 is Neutral, neither overbought nor oversold. The STOCH value of 33.59 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 Risk Analysis
Snail, Inc. Class A disclosed 60 risk factors in its most recent earnings report. Snail, Inc. Class A reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Snail, Inc. Class A Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $434.58M | 4.17 | 11.28% | ― | 1.21% | 0.72% | |
62 Neutral | $21.44M | 2.21 | 44.93% | ― | 11.38% | -94.39% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
53 Neutral | $253.93M | 3.94 | -62.85% | 18.48% | ― | ― | |
40 Underperform | $16.42M | -9.73 | 2115.82% | ― | -5.17% | -898.23% |
* Communication Services Sector Average
SNAL
Snail, Inc. Class A
0.43
-0.37
-45.75%
DDI
Doubledown Interactive Co
8.77
-1.10
-11.14%
GDEV
Nexters
13.99
4.00
40.04%
MSGM
Motorsport Games
3.71
2.89
352.44%
Snail, Inc. Class A Corporate Events
Delistings and Listing ChangesFinancial DisclosuresRegulatory Filings and Compliance
Snail, Inc. Faces Nasdaq Listing Compliance Deficiency Notice
Negative
Apr 1, 2026
On March 26, 2026, Snail, Inc. disclosed that it received a deficiency letter from Nasdaq after failing to meet the minimum net income requirement from continuing operations for its 2023, 2024, and 2025 fiscal years, as well as alternative standar...
Delistings and Listing ChangesRegulatory Filings and ComplianceStock Split
Snail, Inc. Faces Nasdaq Non-Compliance, Weighs Options
Negative
Jan 2, 2026
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 co...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.