For the quarter ending 2025-09-30, SNAL had $4,379,249 increase in cash & cash equivalents over the period. $6,554,408 in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Revenues, net | 56,116,149 | - |
| Cost of revenues | 43,299,471 | - |
| Gross profit | 12,816,678 | - |
| Salaries and wages | 10,427,812 | - |
| Public company expenses | 564,334 | - |
| General and administrative | 3,043,408 | - |
| Research and development | 10,634,595 | - |
| Advertising and marketing | 3,711,480 | - |
| Depreciation and amortization | 203,579 | - |
| Total operating expenses | 28,585,208 | - |
| Income (loss) from operations | -9,850,257 | - |
| Total other income (expense), net | 420,414 | - |
| Income (loss) before provision for income taxes | -15,541,746 | - |
| (benefit from) provision for income taxes | 10,833,616 | - |
| Net income (loss) | -7,865,691 | -18,509,671 |
| Amortization - intangible assets | 111,557 | 79,424 |
| Amortization film assets | 380,132 | 645,069 |
| Amortization - loan origination fees and debt discounts | 3,431 | -19,504 |
| Loss on change in fair value of convertible notes | 186,040 | 82,180 |
| Gain on change in fair value of warrant liabilities | -390,442 | -91,383 |
| Depreciation - property and equipment | 67,912 | 135,667 |
| Impairment of film assets | 336,134 | 415,719 |
| Gain on remeasurement of previously held equity interest | 0 | 7,857 |
| Stock-based compensation expense (income) | 45,053 | 280,888 |
| Deferred taxes, net | 0 | 10,808,885 |
| Accounts receivable | -10,177,156 | 7,825,905 |
| Accounts receivable - related party | 0 | -3,836,866 |
| Prepaid expenses - related party | 963,866 | 1,728,666 |
| Prepaid expenses and other current assets | 22,878 | -537,799 |
| Prepaid taxes | -1,732,218 | -1,161,649 |
| Other noncurrent assets | 88,269 | 1,064,165 |
| Accounts payable | 692,822 | -110,912 |
| Accounts payable - related parties | -1,366,184 | 1,040,862 |
| Accrued expenses and other liabilities | -218,538 | 1,009,796 |
| Loan and interest receivable - related party | 504 | 992 |
| Lease liabilities | -79,175 | -163,920 |
| Accretion convertible notes | - | 0 |
| Deferred revenue | 3,826,609 | 7,075,046 |
| Net cash provided by operating activities | 6,563,517 | -2,413,125 |
| Acquisition of software | 0 | 290,000 |
| Acquisition of software licenses | 980,336 | 2,008,690 |
| Investments in software | 130,902 | 718,236 |
| Net cash paid for acquisition of matrioshka | 0 | 9,719 |
| Acquisition of fixed assets | 9,109 | - |
| Net cash used in investing activities | -1,120,347 | -3,026,645 |
| Repayments on promissory note | 64,419 | 0 |
| Repayments on notes payable | 271,658 | 0 |
| Repayments on revolving loan | - | 43,018 |
| Repayments on convertible notes | 775,952 | 638,753 |
| Borrowings on term loan | 0 | 3,500,000 |
| Cash proceeds from exercise of warrants | 0 | 159,000 |
| Payments of capitalized offering costs | - | 0 |
| Proceeds from issuance of convertible notes | 0 | 3,000,000 |
| Net cash provided by (used in) financing activities | -1,069,011 | 5,977,229 |
| Effect of foreign currency translation on cash and cash equivalents | 5,090 | 64,023 |
| Net increase (decrease) in cash and cash equivalents, and restricted cash and cash equivalents | 4,379,249 | 601,482 |
| Cash and cash equivalents at beginning of period | 8,238,944 | - |
| Cash and cash equivalents at end of period | 13,219,675 | - |
Snail, Inc. (SNAL)
Snail, Inc. (SNAL)