For the year ending 2025-12-31, SNAL had $2,264,220 increase in cash & cash equivalents over the period. -$1,168,854 in free cash flow.
| Cash Flow | 2025-12-31 |
|---|---|
| Revenues, net | 81,225,622 |
| Cost of revenues | 58,794,947 |
| Gross profit | 22,430,675 |
| Salaries and wages | 7,806,131 |
| Public company expenses | 741,666 |
| General and administrative | 11,080,591 |
| Research and development | 14,580,668 |
| Advertising and marketing | 5,236,951 |
| Depreciation | 247,976 |
| Total operating expenses | 39,693,983 |
| Income (loss) from operations | -17,263,308 |
| Total other income (expense), net | 714,476 |
| Income (loss) before provision for income taxes | -16,548,832 |
| Provision for income taxes | 10,688,900 |
| Net income (loss) | -27,237,732 |
| Amortization intangible assets, net-Nonrelated Party | 311,129 |
| Amortization intangible assets, net-Related Party | 83,333 |
| Amortization film assets | 1,331,330 |
| Amortization loan origination fees and debt discounts | 13,109 |
| Loss on change in fair value of convertible notes | 504,658 |
| (gain) loss on change in fair value of warrant liabilities | -719,925 |
| Depreciation property and equipment | 247,976 |
| Impairment of film assets | 868,722 |
| Impairment of intangible assets | 667,460 |
| Gain on remeasurement of previously held equity interest | 7,857 |
| Stock-based compensation expense (income) | 371,496 |
| Deferred taxes, net | 10,817,741 |
| Accounts receivable | 2,678,525 |
| Accounts receivable related party | -3,836,866 |
| Prepaid expenses related party | 1,583,563 |
| Prepaid expenses and other current assets | 386,461 |
| Prepaid taxes | -2,584,417 |
| Other noncurrent assets | 1,265,874 |
| Accounts payable | 1,106,676 |
| Accounts payable related parties | 3,473,842 |
| Accrued expenses and other liabilities | 110,762 |
| Loan and interest receivable related party | 2,000 |
| Lease liabilities | -215,715 |
| Deferred revenue | 6,615,079 |
| Net cash used in operating activities | -1,153,056 |
| Acquisition of software | 290,000 |
| Acquisition of software licenses | 4,087,896 |
| Investments in software | 854,269 |
| Net cash paid for acquisition of matrioshka | 9,719 |
| Acquisition of fixed assets | 15,798 |
| Net cash used in investing activities | -5,257,682 |
| Repayments on notes payable | 624,131 |
| Repayments on convertible notes | 2,303,527 |
| Borrowings on revolving loan | 2,000,000 |
| Borrowings on term loan | 3,500,000 |
| Cash proceeds from exercise of warrants | 159,000 |
| Proceeds on issuance of convertible notes | 6,000,000 |
| Payments of loan origination fees | 25,750 |
| Net cash provided by (used in) financing activities | 8,705,592 |
| Effect of foreign currency translation on cash and cash equivalents | -30,634 |
| Net increase (decrease) in cash and cash equivalents, and restricted cash and cash equivalents | 2,264,220 |
| Cash and cash equivalents, and restricted cash and cash equivalents beginning of the year | 8,238,944 |
| Cash and cash equivalents, and restricted cash and cash equivalents end of the year | 10,503,164 |
Snail, Inc. (SNAL)
Snail, Inc. (SNAL)