Snail, Inc. (SNAL)
Snail, Inc. (SNAL)
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Revenues, net | 27,294,654 | 25,109,473 | 56,116,149 | NaN |
| Cost of revenues | 15,638,213 | 15,495,476 | 43,299,471 | NaN |
| Gross profit | 11,656,441 | 9,613,997 | 12,816,678 | NaN |
| Salaries and wages | 2,019,741 | -2,621,681 | 10,427,812 | NaN |
| Public company expenses | 169,829 | 177,332 | 564,334 | NaN |
| General and administrative | 2,461,187 | 8,037,183 | 3,043,408 | NaN |
| Research and development | 4,014,669 | 3,946,073 | 10,634,595 | NaN |
| Advertising and marketing | 868,789 | 1,525,471 | 3,711,480 | NaN |
| Depreciation | 12,734 | 247,976 | NaN | NaN |
| Depreciation and amortization | NaN | NaN | 203,579 | NaN |
| Impairment expenses | 69,149 | NaN | NaN | NaN |
| Total operating expenses | 9,616,098 | 11,108,775 | 28,585,208 | NaN |
| Income (loss) from operations | 2,040,343 | -1,494,778 | -9,850,257 | NaN |
| Total other income, net | 201,037 | 487,692 | 420,414 | NaN |
| Income (loss) before provision for (benefit from) income taxes | 2,241,380 | -1,007,086 | -15,541,746 | NaN |
| Provision for (benefit from) income taxes | 106,824 | -144,716 | 10,833,616 | NaN |
| Net income (loss) | 2,134,556 | -862,370 | -7,865,691 | -18,509,671 |
| Deferred taxes, net | 0 | 10,817,741 | NaN | NaN |
| Accounts receivable related party | 0 | 0 | 0 | -3,836,866 |
| Deferred taxes, net | NaN | NaN | 0 | 10,808,885 |
| Amortization intangible assets, net-Nonrelated Party | 150,442 | 311,129 | NaN | NaN |
| Impairment of film assets | NaN | NaN | 336,134 | 415,719 |
| Impairment of intangible assets | NaN | 667,460 | NaN | NaN |
| Amortization - intangible assets | NaN | NaN | 111,557 | 79,424 |
| Amortization intangible assets, net-Related Party | 250,000 | 83,333 | NaN | NaN |
| Gain on remeasurement of previously held equity interest | NaN | 0 | 0 | 7,857 |
| Amortization film assets | 140,709 | 306,129 | 380,132 | 645,069 |
| Amortization loan origination fees and debt discounts | 2,949 | 29,182 | 3,431 | -19,504 |
| Loss (gain) on change in fair value of convertible notes | 70,760 | 236,438 | 186,040 | 82,180 |
| Gain on change in fair value of warrant liabilities | -410,658 | -238,100 | -390,442 | -91,383 |
| Depreciation property and equipment | 12,734 | 44,397 | 67,912 | 135,667 |
| Stock-based compensation expenses | 44,880 | 45,555 | 45,053 | 280,888 |
| Accounts receivable | -3,321,990 | 5,029,776 | -10,177,156 | 7,825,905 |
| Prepaid expenses related party | -106,414 | -1,108,969 | 963,866 | 1,728,666 |
| Prepaid expenses and other current assets | -746,830 | 901,382 | 22,878 | -537,799 |
| Prepaid taxes | -3,829,908 | 309,450 | -1,732,218 | -1,161,649 |
| Other noncurrent assets | 422,573 | 113,440 | 88,269 | 1,064,165 |
| Accounts payable | -1,621,431 | 524,766 | 692,822 | -110,912 |
| Accounts payable related parties | 1,581,936 | 3,799,164 | -1,366,184 | 1,040,862 |
| Accrued expenses and other liabilities | 471,399 | -680,496 | -218,538 | 1,009,796 |
| Loan and interest receivable related party | 493 | 504 | 504 | 992 |
| Lease liabilities | 86,834 | 27,380 | -79,175 | -163,920 |
| Deferred revenue | -358,504 | -4,286,576 | 3,826,609 | 7,075,046 |
| Accretion convertible notes | NaN | NaN | NaN | 0 |
| Impairment of film assets | 69,149 | 868,722 | NaN | NaN |
| Net cash provided by operating activities | 10,207,831 | -5,303,448 | 6,563,517 | -2,413,125 |
| Acquisition of software | 0 | 0 | 0 | 290,000 |
| Investments in software | 0 | 5,131 | 130,902 | 718,236 |
| Acquisition of software licenses | 162,000 | 1,098,870 | 980,336 | 2,008,690 |
| Net cash paid for acquisition of matrioshka | NaN | 0 | 0 | 9,719 |
| Acquisition of fixed assets | NaN | 6,689 | 9,109 | NaN |
| Borrowings on revolving loan | NaN | 2,000,000 | NaN | NaN |
| Net cash used in investing activities | -162,000 | -1,110,690 | -1,120,347 | -3,026,645 |
| Borrowings on term loan | NaN | 0 | 0 | 3,500,000 |
| Repayments on promissory note | -64,419 | NaN | 64,419 | 0 |
| Cash proceeds from exercise of warrants | 0 | 0 | 0 | 159,000 |
| Proceeds from issuance of convertible notes | 0 | 3,000,000 | 0 | 3,000,000 |
| Repayments on notes payable | 295,119 | 352,473 | 271,658 | 0 |
| Repayments on convertible notes | 1,525,384 | 888,822 | 775,952 | 638,753 |
| Repayments on revolving loan | 2,456,982 | NaN | NaN | 43,018 |
| Payments of capitalized offering costs | NaN | NaN | NaN | 0 |
| Payments of loan origination fees | 7,500 | 25,750 | NaN | NaN |
| Net cash provided by (used in) financing activities | -4,328,003 | 3,797,374 | -1,069,011 | 5,977,229 |
| Effect of foreign currency translation on cash and cash equivalents | -26,824 | -99,747 | 5,090 | 64,023 |
| Net increase in cash and cash equivalents, and restricted cash and cash equivalents | 5,691,004 | -2,716,511 | 4,379,249 | 601,482 |
| Cash and cash equivalents, and restricted cash and cash equivalents beginning of the period | 10,503,164 | 13,219,675 | 8,238,944 | NaN |
| Cash and cash equivalents, and restricted cash and cash equivalents end of the period | 16,194,168 | 10,503,164 | 13,219,675 | NaN |