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Snail, Inc. Class A
(NASDAQ:SNAL)
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Rating:44Neutral
Price Target:
$2.00
▼(-32.20% Downside)
Action:Reiterated
Date:09/06/26
SNAL scores low primarily due to weak financial performance driven by ongoing losses and a highly strained balance sheet with negative equity, alongside bearish technicals with the stock well below key moving averages. Earnings-call commentary provides some support via near-term deferred revenue recognition and improved liquidity, but listing-compliance risk and execution uncertainty keep the overall score subdued.
Positive Factors
Six-Month Revenue Growth
Six-month revenue growth indicates improving commercial traction despite recent quarterly volatility. Bellwright sales and deferred-revenue conversion provide identifiable contributors, while broader growth would strengthen the company’s ability to fund content development and support a more durable recovery.
Negative Factors
Negative Stockholders’ Equity
Negative equity reflects an impaired capital base and materially limits financial flexibility. It increases solvency and refinancing risk, may constrain investment in new content, and is especially significant for a company that needs recurring development spending to maintain its game portfolio.
Read all positive and negative factors
Positive Factors
Negative Factors
Six-Month Revenue Growth
Six-month revenue growth indicates improving commercial traction despite recent quarterly volatility. Bellwright sales and deferred-revenue conversion provide identifiable contributors, while broader growth would strengthen the company’s ability to fund content development and support a more durable recovery.
Read all positive factors
Snail, Inc. Class A (SNAL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$21.14M
Dividend YieldN/A
Average Volume (3M)47.74K
Price to Earnings (P/E)―
Beta (1Y)2.79
Revenue Growth-5.65%
EPS Growth46.36%
CountryUS
Employees166
SectorCommunication Services
Sector Strength97
IndustryElectronic Gaming & Multimedia
Share Statistics
EPS (TTM)-1.24
Shares Outstanding3,206,095
10 Day Avg. Volume101,037
30 Day Avg. Volume47,745
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)-2.04
Price to Sales (P/S)0.41
P/FCF Ratio-28.51
Enterprise Value/Market Cap0.94
Enterprise Value/Revenue0.23
Enterprise Value/Gross Profit0.69
Enterprise Value/Ebitda-2.37
Forecast
1Y Price Target
$17.50Price Target Upside493.22% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.48
Revenue Forecast (FY)$100.30M
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...
Snail, Inc. Class A Earnings Call Summary
Earnings Call Date:Aug 11, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 18, 2026
Earnings Call Sentiment Positive
The call presented a mix of short-term execution/timing headwinds and encouraging strategic progress. Q2 showed a decline in revenue and bookings and a wider EBITDA loss, largely attributable to timing shifts of key ARK DLC releases and softer ARK title sales; however, year-to-date revenue, unit growth, a materially stronger cash position, a sizeable deferred revenue backlog with near-term recognition (~$11M expected in Q3), successful Bellwright console traction, meaningful engagement metrics across ARK titles, and new growth initiatives (AI NHP and USDO stablecoin) provide multiple catalysts for recovery and growth in H2 2026 and into 2027. Overall, the positives around liquidity, pipeline, content cadence, and strategic diversification outweigh the quarter-specific negatives, though execution and regulatory risks remain.Positive Updates
Six-Month Revenue Growth
Net revenue for the six months ended June 30, 2026 was $47.0M, up from $42.3M a year ago, an increase of ~11% driven by Bellwright sales and a $5.3M change in deferred revenue.
Negative Updates
Quarterly Revenue Decline
Net revenue for Q2 2026 was $19.7M versus $22.2M a year ago, a decrease of ~$2.5M or ~11.3%, primarily due to lower ASA and ASE sales and timing shifts of DLC launches.
Read all updates
Q2-2026 Updates
Positive
Negative
Six-Month Revenue Growth
Net revenue for the six months ended June 30, 2026 was $47.0M, up from $42.3M a year ago, an increase of ~11% driven by Bellwright sales and a $5.3M change in deferred revenue.
Read all positive updates
Company Guidance
Management guided that timing shifts of key DLC launches moved material contributions into Q3 — they expect to recognize roughly $11.0 million of deferred revenue in Q3 related to Genesis Part 1 Ascended (plus sales from Tides of Fortune) — and that ARK: Fantastic Tames (1/3 recognized in Q2; remaining 2/3 to be recognized across Q3/Q4) and Dragontopia (phased revenue in Q3/Q4) will also be recognized as content is delivered; deferred revenue stood at $28.5 million and unrestricted cash was $13.3 million as of June 30. They reiterated bookings of $21.8 million in Q2 (6‑month bookings $48.7 million) and net revenue of $19.7 million in Q2 (6‑month net revenue $47.0 million), noted total units sold of 2.0 million in Q2 (4.2 million year‑to‑date), and highlighted product/user metrics (ASE ~574k units, avg DAU ~105k/peak 131k; ASA ~1.2M units, avg DAU ~120k/peak >155k; ARK Mobile avg DAU ~129k, downloads >13M; Bellwright >1M lifetime units, >46.4M playtime hours). They said licensing fee savings of ~$500k/month (~$1.5M/quarter) are being reinvested in development, R&D and G&A run‑rates are expected to be stable, ARK Maker and ARK: Survival of the Fittest are slated H2 2026, PixARK: Terracrypt (200+ hours, ~80 new creatures) is planned for this fall, and three AAA titles remain key longer‑term drivers.Snail, Inc. Class A Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
12
Very Negative
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Mar 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 85.90M | 81.23M | 84.47M | 60.90M | 74.44M | 106.73M |
| Gross Profit | 28.97M | 22.18M | 30.23M | 12.16M | 21.32M | 43.05M |
| EBITDA | -8.40M | -13.91M | 3.49M | -8.15M | 7.70M | 26.18M |
| Net Income | -9.63M | -27.24M | 1.83M | -9.09M | 947.81K | 8.47M |
Balance Sheet | ||||||
| Total Assets | 57.13M | 59.31M | 62.19M | 90.86M | 72.77M | 80.09M |
| Cash, Cash Equivalents and Short-Term Investments | 13.86M | 8.57M | 7.30M | 15.20M | 13.87M | 10.16M |
| Total Debt | 12.87M | 19.17M | 7.22M | 14.87M | 22.03M | 18.64M |
| Total Liabilities | 74.13M | 81.19M | 58.02M | 88.06M | 63.41M | 70.03M |
| Stockholders Equity | -11.49M | -16.37M | 9.67M | 8.30M | 14.86M | 15.59M |
Cash Flow | ||||||
| Free Cash Flow | 6.99M | -1.17M | -1.57M | 465.87K | -3.36M | 10.85M |
| Operating Cash Flow | 8.12M | -1.15M | -1.57M | 465.87K | -3.36M | 15.85M |
| Investing Cash Flow | -2.57M | -5.26M | 0.00 | 0.00 | 1.21M | -35.85M |
| Financing Cash Flow | 1.34M | 8.71M | -6.49M | -3.44M | 4.84M | 2.63M |
Snail, Inc. Class A Technical Analysis
Neutral
2.95
Price Trends
2.51
Negative
3.24
Negative
3.37
Negative
Market Momentum
-0.09
Negative
50.73
Neutral
68.10
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SNAL, the sentiment is Neutral. The current price of 2.95 is above the 20-day moving average (MA) of 2.23, above the 50-day MA of 2.51, and below the 200-day MA of 3.37, indicating a neutral trend. The MACD of -0.09 indicates Negative momentum. The RSI at 50.73 is Neutral, neither overbought nor oversold. The STOCH value of 68.10 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
72 Outperform | $21.06M | 10.67 | 39.82% | ― | 78.65% | ― | |
62 Neutral | $182.67M | 2.43 | -88.88% | 21.33% | ― | ― | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
59 Neutral | $37.88M | 7.75 | 12.38% | ― | ― | ― | |
47 Neutral | $48.87M | 1.46 | 9.98% | 7.31% | -3.28% | -480.08% | |
46 Neutral | $56.22M | -1.29 | -20.93% | ― | -13.26% | -46.94% | |
44 Neutral | $21.14M | -1.90 | 66.84% | ― | -5.65% | 46.36% |
* Communication Services Sector Average
SNAL
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Snail, Inc. Class A Corporate Events
Delistings and Listing ChangesRegulatory Filings and ComplianceStock Split
Snail Retains Nasdaq Listing Under Equity Compliance Conditions
Negative
Sep 1, 2026
On August 26, 2026, Snail, Inc. received a decision from a Nasdaq Hearings Panel allowing its Class A common stock to remain listed on the Nasdaq Capital Market, provided the company meets Nasdaq Listing Rule 5550(b) by achieving at least $2.5 mil...
Business Operations and StrategyRegulatory Filings and Compliance
Snail, Inc. Signs New SaltyTV Service Agreements
Positive
Aug 11, 2026
On August 5, 2026, Snail, Inc., via its subsidiary Interactive Films, LLC, signed a Short Drama Production Business Agreement with Suzhou Snail Digital Technology Co., Ltd. to provide technical development, marketing, and commercial operation serv...
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.