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Companies / Technology / Snail, Inc.
SNAL

Snail, Inc.

TechnologyPrepackaged Software
Ticker SNALCULVER CITY, CAFiscal year ends DecemberBook value per share $-2.00Diluted shares 5.7M

Snail Games USA, Inc. (Nasdaq Capital Market: SNAI) is a leading global independent developer and publisher of interactive digital entertainment. The company operates through its website at snailgamesusa.com and maintains its principal executive office in Culver City, California. From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$81.23M
−3.8% year over year
Last 12 mo $85.90M
-21.25%
−25.9 percentage points
Last 12 mo -13.93%
$-27.24M
−1590.8% year over year
Last 12 mo $-9.63M
163.03%
+144.1 percentage points
Last 12 mo 83.82%
Cash & financing
$-1.15M
+26.3% year over year
Last 12 mo $8.12M
$-6.40M
−309.0% year over year
Last 12 mo $5.55M
-0.88
Was 0.59× a year earlier
Last 12 mo -0.70
28.7M
No change, year over year
Last 12 mo 5.7M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Snail, Inc. does

In the company’s own words

Snail Games USA, Inc. (Nasdaq Capital Market: SNAI) is a leading global independent developer and publisher of interactive digital entertainment. The company operates through its website at snailgamesusa.com and maintains its principal executive office in Culver City, California.

The company's core business centers on developing and publishing premium games across multiple platforms including consoles, PCs, and mobile devices. Snail Games generates the substantial majority of its revenues from its flagship ARK franchise, which accounted for 89.4% of total revenues in 2025. The ARK series comprises multiple titles including ARK: Survival Evolved, ARK: Survival Ascended, and ARK: Ultimate Mobile Edition, with over 108.6 million console and PC installs through December 31, 2025. The company also publishes other notable titles including Bellwright, PixARK, West Hunt, and Voyage Century Online through its publishing labels Snail Games USA, Wandering Wizard, and Interactive Films.

Revenue is diversified across platforms, with 38.4% from consoles, 50.0% from PC, and 9.6% from mobile in 2025. The company generated net revenue of $81.2 million in 2025. Snail Games operates seven internal development studios and partners with two related-party development studios, employing 166 full-time employees worldwide as of December 31, 2025, with approximately 74% based in North America and 26% in the EMEA region.

The company's competitive advantages include its category-defining ARK franchise with proven track record of growth, expertise in sandbox survival games developed over sixteen years, and proprietary technology including advanced game engines and server infrastructure. Snail Games also operates NOIZ, a proprietary micro-influencer marketing platform that helps brands engage with content creators and streamers. The company has expanded beyond gaming into film and television production, animation, and digital asset initiatives including a strategic stablecoin project announced in December 2025.

The business model emphasizes collaborative partnerships with independent development studios, providing capital, technological resources, and marketing support while preserving developer autonomy and culture. This approach creates a self-reinforcing growth flywheel where quality games attract users and influencers, generating revenue reinvested in new development teams and proprietary technology.

Company details
Sector
Technology
Industry
Prepackaged Software
Headquarters
CULVER CITY, CA
Fiscal year end
December
CIK
1886894
SIC
7372

Financial performance, year by year

Fiscal 2022–2025 · USD
$-38.55M$-4.61M$29.33M$63.27M$97.21M2022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Snail, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

5
funds hold it
0 of 35
superinvestors hold it
$0.33M
held by funds, at market
15.8%
of shares held by funds

Largest fund holders · Snail, Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
Fidelity Extended Market Index Fund
FSMAX · Fidelity Concord Street Trust
0.00%of fund net assets
Fidelity Series Total Market Index Fund
FCFMX · Fidelity Concord Street Trust
0.00%of fund net assets
Fidelity Total Market Index Fund
FSKAX · Fidelity Concord Street Trust
0.00%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Snail, Inc. and its peers compare on margins and cash generation over ten years?”
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