Snail, Inc. (SNAL) Form 10-Q — Aug 11, 2026
Snail, Inc. reported Q2 2026 revenue of $19.7 million, down 11.3% from $22.2 million a year earlier, with a net loss of $3.0 million versus $16.6 million in Q2 2025 (the prior-year quarter included a $13.9 million tax valuation allowance charge). First-half results showed real improvement: revenue rose 11% to $47.0 million, the operating loss narrowed to $0.6 million from $5.9 million, and operating cash flow swung positive at $6.9 million. The balance sheet strengthened: cash rose to $13.3 million, total debt was cut to $8.1 million from $14.4 million, a $4.2 million at-the-market offering was completed, and the stockholders' deficit narrowed to $17.0 million.
Key figures
- Revenue
- 19676448
- Total Debt
- 8072540
- Revenue Yoy
- -11.3% (Q2 2026 vs Q2 2025); +11.1% for H1
- Total Assets
- 57134832
- Cash Position
- 13293820
- Shares Outstanding
- 3,206,095 Class A and 5,749,716 Class B as of August 10, 2026
- H1 2025 revenue
- 42296622
- H1 2026 revenue
- 46971102
- Q2 2025 revenue
- 22185750
- Atm net proceeds h1
- 4232897
- Reverse split ratio
- 1-for-5
- Deferred revenue total
- 33815017
- Operating cash flow h1
- 6862539
- Related party payables
- 18426220
- Convertible notes converted q2
- 866250
- Share repurchase program remaining
- 1300000
- Weighted avg interest rate short term
- 6.4%
Price after filing
Close on the filing date to close N calendar days later (from $4.75). Historical, not a forecast.
AI analysis
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