Company Analysis

Snail, Inc. (SNAL)

Nasdaq: SNAL · Services-Prepackaged Software · Culver City, CA · filing with the SEC since 2021
Grade3.6
◀ Past 3.3● Present 3.2▶ Future 4.1
2 est.

The grade of Snail, Inc.

Nine metrics read from its own filings, by tense
Headline grade
3.6/10
◀ Past3.325% of the headline
● Present3.235% of the headline
▶ Future4.140% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

3.3/1025% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
1.4/10

Has it survived what it has been through?

6 warning events since 2021; the latest 2026-07-02.

weight 22% of this tense · 14th percentile among 230 sector filers · read for itself

From the record

Snail, Inc.'s filings since 2021 show 6 warning events of 2 kinds: a notice about its exchange listing (8-K item 3.01, 5 times, the latest 2026-07-02); a late-report notice (Form NT 10-K or NT 10-Q, the latest 2025-08-15) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
2.5/10

What has it actually done, year after year?

-6.6% a year over 5 filed years; profitable in 3 of 5.

weight 45% of this tense · 25th percentile among 213 sector filers · read for its customers

From the record

Snail, Inc.'s 5 filed years say what it did: revenue went from $107 million in fiscal 2021 to $81 million in fiscal 2025, down 6.6% a year; it rose in 1 of 4 years; the deepest fall was 43% from fiscal 2021 to fiscal 2023; net income was positive in 3 of 5 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span-6.6%bottom 8% of its family
  • the share of years revenue rosebottom 2% of its family
  • the share of filed years with a profittop 25% of its family
  • the deepest fall from a revenue peak42.9%bottom 16% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
5.6/10

How has it treated the people who own it?

SI estimate 5.6/10, confidence 20 of 100 (family median).

weight 33% of this tense · 50th percentile among 180 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income, so the desk assumes the typical reading of its industry family, the median of 180 members with one.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
family median, 180 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Snail, Inc.'s shareholder treatment is put at 5.6 of 10 with a confidence of 20 of 100, because fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income, so the desk assumes the typical reading of its industry family, the median of 180 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

● Present

What are they doing right now?

3.2/1035% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
2.9/10

Is it financially healthy right now?

Leverage 137%: owes 137¢ per asset dollar.

weight 45% of this tense · 29th percentile among 217 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Snail, Inc.'s shareholders' equity was below zero, so the profit on it is not read, and gross profitability: its products earned about 38 cents per dollar of everything the company owns. Leverage: it owed about 137 cents per dollar of assets (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 3% of its family
  • gross profit against assetstop 44% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
2.6/10

How strong is its position in its industry?

bottom 26% of 218 in its family; net margin -33.5%.

weight 33% of this tense · 26th percentile among 218 sector filers · read for its customers

From the record

Snail, Inc.'s standing among 218 graded names in its industry family: revenue of $81 million in fiscal 2025 ranks in the bottom 28% by size; a net margin of -33.5% ranks in the bottom 23%; revenue growth of 2.9% a year over the last 3 filed years ranks in the bottom 27% (its annual reports).

What it rests on

  • revenue against the family$81.2Mbottom 28% of its family
  • net margin-33.5%bottom 23% of its family
  • three-year revenue growth2.9%bottom 27% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
4.8/10

What are the people in charge doing?

SI estimate 4.8/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 157 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Fewer than two of the three parts can be read: officer and director changes against the people in charge, the years the people in charge have been filing, the chief executive's years under the title, so the desk assumes the typical reading of its industry family, the median of 157 members with one.
What the record cannot read
Fewer than two of the three parts can be read: officer and director changes against the people in charge, the years the people in charge have been filing, the chief executive's years under the title.
How it was reasoned
family median, 157 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Snail, Inc.'s leadership is put at 4.8 of 10 with a confidence of 20 of 100, because fewer than two of the three parts can be read: officer and director changes against the people in charge, the years the people in charge have been filing, the chief executive's years under the title, so the desk assumes the typical reading of its industry family, the median of 157 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

4.1/1040% of the headline grade · 3 of 3 filed

Room to expand

as filed
2.4/10

How much room does it have to grow?

bottom 24% of 216 in its family for room to expand.

weight 22% of this tense · 24th percentile among 216 sector filers · read for itself

From the record

Snail, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $11 million against debt of $14 million leaves -6.6% of its assets as net cash, bottom 16% of its family; cash from operations less capital spending is -1.4% of revenue (bottom 29%); a gross margin of 27.6% (bottom 10%); research spending of 18% of revenue (bottom 41%) (its annual report).

What it rests on

  • cash less debt against assets-6.6%bottom 16% of its family
  • cash from operations less capital spending against revenue-1.4%bottom 29% of its family
  • gross margin27.6%bottom 10% of its family
  • research spending against revenue18.0%bottom 41% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
7.3/10

What could actually drive growth from here?

top 27% of 213 in its family for growth drivers.

weight 45% of this tense · 73rd percentile among 213 sector filers · read for its customers

From the record

Snail, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 2.9% a year over the last three filed years against -6.6% over all 5, speeding up (top 4% of its family); the newest year grew -3.8% (bottom 13%); research spending grew 70.2% a year (top 4%); capital spending grew 44.3% a year (top 15%) (its annual reports). Snail, Inc. reported 7 product lines in fiscal 2025: Console at $31 million (38%), Platform Three at $20 million (24%), Service Other at $11 million (13%), and 4 more; 2 of 7 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span+9.5 points a yeartop 4% of its family
  • the newest year's revenue growth-3.8%bottom 13% of its family
  • three-year growth of research spending70.2%top 4% of its family
  • three-year growth of capital spending44.3%top 15% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
0.9/10

Did its newest year beat what its own record pointed to?

bottom 9% of 194 in its family for expectations against reality.

weight 33% of this tense · 9th percentile among 194 sector filers · read for its shareholders

From the record

Snail, Inc.'s newest year against its own record: revenue of $81 million in fiscal 2025 came in 9.7% below the $90 million its prior three years' pace pointed to (bottom 17% of its family); net income of $27 million against a prior three-year average of $2 million (bottom 2%); a net margin of -33.5% against -3.8% before (bottom 9%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-9.7%bottom 17% of its family
  • net income against the prior three years' averagefive times below its prior average or morebottom 2% of its family
  • net margin against its prior average-29.7 pointsbottom 9% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton SNAL · research, not advice