Snail, Inc. Class A (SNAL)
NASDAQ:SNAL
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Snail, Inc. Class A
(NASDAQ:SNAL)
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Rating:52Neutral
Price Target:
$1.00
▲(21.95% Upside)
Action:Reiterated
Date:05/16/26
SNAL scores low-to-mid primarily due to weak financial performance (negative equity/high leverage and negative free cash flow), partially offset by improving operating momentum and positive guidance from the latest earnings call, strong technical uptrend, and a low P/E valuation. Corporate events add both a cost-structure tailwind and elevated listing/compliance risk.
Positive Factors
Revenue and profitability inflection
A material quarter-to-quarter recovery in revenue and a strong EBITDA rebound indicate improving product-market fit and operational leverage. If sustained, this strengthens internal funding ability for development, reduces near-term financing reliance, and supports reinvestment into content and live-ops.
Negative Factors
Severely weakened balance sheet
Deeply negative shareholders' equity and very large debt materially reduce financial flexibility and heighten refinancing and covenant risk. This structural weakness constrains the firm's ability to sustain multi‑year development spend and increases vulnerability to funding shocks.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and profitability inflection
A material quarter-to-quarter recovery in revenue and a strong EBITDA rebound indicate improving product-market fit and operational leverage. If sustained, this strengthens internal funding ability for development, reduces near-term financing reliance, and supports reinvestment into content and live-ops.
Read all positive factors
Snail, Inc. Class A (SNAL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$49.44M
Dividend YieldN/A
Average Volume (3M)116.36K
Price to Earnings (P/E)5.4
Beta (1Y)2.57
Revenue Growth-2.27%
EPS Growth-1454.59%
CountryUS
Employees149
SectorCommunication Services
Sector Strength97
IndustryElectronic Gaming & Multimedia
Share Statistics
EPS (TTM)-0.62
Shares Outstanding13,873,422
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 Cap0.89
Enterprise Value/Revenue0.50
Enterprise Value/Gross Profit1.56
Enterprise Value/Ebitda-5.35
Forecast
1Y Price Target
$3.50Price Target Upside326.83% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.02
Revenue Forecast (FY)$92.00M
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 from the commercialization of video games. Key revenue streams include: (1) game sales, where the company earns revenue from digital and/or physical sales of titles it publishes and/or develops (typically via plat...
Snail, Inc. Class A Earnings Call Summary
Earnings Call Date:May 13, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 18, 2026
Earnings Call Sentiment Positive
The call conveyed a clearly positive operational and financial inflection: strong revenue growth (35.7%), a net income turnaround (+210%), EBITDA recovery (+173.3%), unit sales growth (+42.6%) and improved cash (+$5.7M). Management emphasized a multi‑franchise AAA pipeline in final development phases and secured $6M in annual licensing savings to reinvest. However, there are notable execution and timing risks: declines in some legacy revenue streams (ARK Mobile/ASE), higher cost of revenue and taxes, only modest operating expense improvement, potential one‑time promotional drivers for recent ASA strength, early‑stage monetization for SaltyTV, and dependence on successful launches of the new AAA titles and stablecoin commercialization. On balance, the positives materially outweigh the negatives but the roadmap relies on successful execution of multiple initiatives.Positive Updates
Revenue Growth
Net revenue increased 35.7% year-over-year to $27.3 million in Q1 2026 (from $20.1 million), driven primarily by increases in ASA (+$4.2M), Bellwright (+$2.1M) and $2.5M of deferred revenue recognized during the period.
Negative Updates
Declines in Certain Legacy Revenues
Revenue from ARK Mobile and ASE decreased year-over-year (specific percentage not disclosed), partially offsetting other gains and indicating variability across product lines.
Read all updates
Q1-2026 Updates
Positive
Negative
Revenue Growth
Net revenue increased 35.7% year-over-year to $27.3 million in Q1 2026 (from $20.1 million), driven primarily by increases in ASA (+$4.2M), Bellwright (+$2.1M) and $2.5M of deferred revenue recognized during the period.
Read all positive updates
Company Guidance
Management guided that 2026 is driven by a packed ARK and new-IP roadmap — roughly 11 ARK content drops this year (including Fantastic Tames Season 1 in May, ARK Tides of Fortune in June, ASA Genesis Part 1 in June and ASA Dragontopia in December) and three AAA titles in final development (For the Stars, Nine Yin Sutra: Immortal and Wushu) that they expect to shift the revenue mix over the next several years; they said the ASA Genesis Part 1 release will allow recognition of approximately $11.0 million of deferred revenue and that amended licensing saves $6.0 million annually to be reinvested in development. Financial momentum cited as supporting this guidance included Q1 net revenue up 35.7% to $27.3M, bookings up 21.1% to $26.9M, net income up 210% to $2.1M, EBITDA up 173.3% to $2.4M, total units sold up 42.6% to 2.2M (ASA 1.4M, ASE ~573k), ASE avg/peak DAU 117k/143k, ASA avg/peak DAU 127k/188k, ARK Mobile ~11.9M downloads and >141k avg DAU, and unrestricted cash of $14.3M (vs. $8.6M at year-end); they also highlighted SaltyTV scale (279 IPs in 2026, 5.7x content growth, ~6k subscribers, >400k app downloads) and two interactive games slated for Q3 with ~7–8 month cycles and ~1M unit projections.Snail, Inc. Class A Financial Statement Overview
Summary
Income Statement
40
Negative
Balance Sheet
18
Very Negative
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Mar 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 88.41M | 81.23M | 84.47M | 60.90M | 74.44M | 106.73M |
| Gross Profit | 28.23M | 22.18M | 30.23M | 12.16M | 21.32M | 43.05M |
| EBITDA | -8.23M | -13.75M | 3.49M | -8.15M | 7.70M | 26.18M |
| Net Income | -23.15M | -27.24M | 1.83M | -9.09M | 947.81K | 8.47M |
Balance Sheet | ||||||
| Total Assets | 56.84M | 59.31B | 62.19M | 90.86M | 72.77M | 80.09M |
| Cash, Cash Equivalents and Short-Term Investments | 14.45M | 8.76B | 7.30M | 15.20M | 13.87M | 11.66M |
| Total Debt | 14.86M | 9.88B | 7.22M | 14.87M | 22.03M | 18.64M |
| Total Liabilities | 76.56M | 81.19B | 58.02M | 88.06M | 63.41M | 70.03M |
| Stockholders Equity | -14.21M | -16.37B | 9.67M | 8.30M | 14.86M | 15.59M |
Cash Flow | ||||||
| Free Cash Flow | 7.16M | -1.17M | -1.57M | 465.87K | -3.36M | 10.85M |
| Operating Cash Flow | 8.29M | -1.15M | -1.57M | 465.87K | -3.36M | 15.85M |
| Investing Cash Flow | -3.54M | -5.26M | 0.00 | 0.00 | 1.21M | -35.85M |
| Financing Cash Flow | 1.24M | 8.71M | -6.49M | -3.44M | 4.84M | 2.63M |
Snail, Inc. Class A Technical Analysis
Positive
0.82
Price Trends
0.63
Positive
0.73
Positive
0.91
Negative
Market Momentum
0.06
Negative
53.93
Neutral
26.23
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SNAL, the sentiment is Positive. The current price of 0.82 is above the 20-day moving average (MA) of 0.61, above the 50-day MA of 0.63, and below the 200-day MA of 0.91, indicating a neutral trend. The MACD of 0.06 indicates Negative momentum. The RSI at 53.93 is Neutral, neither overbought nor oversold. The STOCH value of 26.23 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
85 Outperform | $594.64M | 2.96 | 11.28% | ― | 9.94% | -2.42% | |
72 Outperform | $26.00M | 17.71 | 153.14% | ― | 82.97% | 21220.00% | |
68 Neutral | $292.04M | 4.86 | -64.47% | 18.48% | ― | ― | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
52 Neutral | $49.44M | 5.41 | 353.48% | ― | -2.27% | -1454.59% |
* Communication Services Sector Average
SNAL
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Snail, Inc. Class A Corporate Events
Business Operations and StrategyRegulatory Filings and Compliance
Snail Amends ARK License, Outsources Project Aether Development
Positive
Apr 10, 2026
On April 6, 2026, Snail, Inc. amended its exclusive license with SDE Inc. for ARK: Survival Evolved and ARK: Survival Ascended, effective April 1, 2026, cutting monthly licensing fees from $2 million to $1.5 million until the release of ARK 2 and ...
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...
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.