On March 19, 2026, Snail, Inc. (Nasdaq: SNAL) released its financial results for the fourth quarter and full year ended December 31, 2025. The company reported net revenues of $25.1 million for Q4 2025, a decrease from $26.2 million in the same period last year. The decline was attributed to a reduction in deferred revenues recognized during the year. Total units sold increased to 1.5 million, up from 1.3 million in Q4 2024, driven by higher sales of its ARK franchise and Bellwright. However, the company reported a net loss of $27.2 million for the full year, compared to a net income of $1.8 million in 2024. This significant loss was primarily due to a non-cash tax expense related to the full valuation of deferred tax assets, alongside increased operating expenses. The company’s bookings for Q4 were $20.8 million, up from $17.0 million a year earlier, indicating a positive trend in sales despite the overall net loss. Snail, Inc. also highlighted its ongoing investment in AAA game development, with several titles in the pipeline expected to enhance revenue visibility through 2027. The company plans to host a webcast to discuss these results further, emphasizing its commitment to growth and operational execution.

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