Snail, Inc. Class A (SNAL)
NASDAQ:SNAL
Want to see SNAL full AI Analyst Report?
Top Page
Snail, Inc. Class A
(NASDAQ:SNAL)
Select Model
Select Model
Rating:50Neutral
Price Target:
$0.76
▼(-7.68% Downside)
Action:Reiterated
Date:05/29/26
The score is constrained primarily by weak financial fundamentals—negative equity/high leverage and unreliable cash flow (negative free cash flow). Offsetting this are improving technical trends and a positive earnings-call inflection with strong Q1 growth, but corporate-event risk (Nasdaq compliance) and execution/timing dependence keep the overall profile below average.
Positive Factors
Revenue and bookings momentum
Sustained quarterly growth in revenue, bookings and unit sales indicates improving demand and product-market fit across titles. Higher bookings expand forward revenue visibility and support reinvestment, creating durable upside to cash generation and operating leverage if maintained across upcoming content drops.
Negative Factors
Deeply negative equity and high leverage
Negative equity and elevated absolute debt materially weaken financial flexibility and increase refinancing and covenant risk. Over a multi‑month horizon this reduces the company's ability to fund development organically, makes debt renegotiation harder, and raises the likelihood of dilutive or costly financing under stress.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and bookings momentum
Sustained quarterly growth in revenue, bookings and unit sales indicates improving demand and product-market fit across titles. Higher bookings expand forward revenue visibility and support reinvestment, creating durable upside to cash generation and operating leverage if maintained across upcoming content drops.
Read all positive factors
Snail, Inc. Class A (SNAL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$33.01M
Dividend YieldN/A
Average Volume (3M)116.36K
Price to Earnings (P/E)―
Beta (1Y)2.61
Revenue Growth-2.27%
EPS Growth-1454.59%
CountryUS
Employees149
SectorCommunication Services
Sector Strength97
IndustryElectronic Gaming & Multimedia
Share Statistics
EPS (TTM)-0.62
Shares Outstanding14,918,935
10 Day Avg. Volume118,464
30 Day Avg. Volume116,355
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)-2.03
Price to Sales (P/S)0.41
P/FCF Ratio-28.48
Enterprise Value/Market Cap1.04
Enterprise Value/Revenue0.39
Enterprise Value/Gross Profit1.22
Enterprise Value/Ebitda-4.36
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., along with its affiliated entities, operates globally in the creation, promotion, release, and distribution of interactive digital entertainment. The company provides a diverse portfolio encompassing video games, various digital conte...
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 | 28.24M | 22.18M | 30.23M | 12.16M | 21.32M | 43.05M |
| EBITDA | -7.89M | -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 | 81.15M | 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 | 19.17M | 7.22M | 14.87M | 22.03M | 18.64M |
| Total Liabilities | 76.56M | 103.03M | 58.02M | 88.06M | 63.41M | 70.03M |
| Stockholders Equity | -14.21M | -16.37M | 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
Negative
0.82
Price Trends
0.73
Positive
0.70
Positive
0.83
Negative
Market Momentum
0.02
Positive
45.90
Neutral
6.80
Positive
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 0.82 is below the 20-day moving average (MA) of 0.88, above the 50-day MA of 0.73, and below the 200-day MA of 0.83, indicating a neutral trend. The MACD of 0.02 indicates Positive momentum. The RSI at 45.90 is Neutral, neither overbought nor oversold. The STOCH value of 6.80 is Positive, 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 |
|---|---|---|---|---|---|---|---|
85 Outperform | $563.92M | 4.95 | 12.16% | ― | 9.99% | -2.49% | |
72 Outperform | $20.71M | 3.74 | 153.14% | ― | 82.97% | 21220.00% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
54 Neutral | $236.41M | 3.29 | -60.77% | 18.48% | ― | ― | |
50 Neutral | $33.01M | -2.95 | 171.06% | ― | -2.27% | -1454.59% |
* Communication Services Sector Average
SNAL
Snail, Inc. Class A
0.76
-0.34
-31.27%
DDI
Doubledown Interactive Co
11.38
0.79
7.46%
GDEV
Nexters
13.03
-7.59
-36.81%
MSGM
Motorsport Games
4.25
1.37
47.57%
Snail, Inc. Class A Corporate Events
Regulatory Filings and ComplianceStock Split
Snail Inc. Holders Approve Potential Reverse Stock Split
Neutral
Jun 3, 2026
On June 2, 2026, majority stockholders Hai Shi and Ying Zhou delivered a written consent approving an amendment to Snail, Inc.’s charter to authorize a reverse stock split of its common shares, including treasury stock, at a ratio between 1-...
Business Operations and StrategyPrivate Placements and Financing
Snail Expands At-The-Market Equity Offering Capacity
Neutral
May 21, 2026
On May 20, 2026, Snail, Inc. increased the capacity of its existing at-the-market equity offering program to allow up to $3.66 million of additional Class A common stock to be sold, on top of more than $4.36 million of shares previously issued und...
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.