Snail, Inc. Files 10-Q for Period Ending June 30, 2025
Ticker: SNAL · Form: 10-Q · Filed: Aug 19, 2025 · CIK: 1886894
| Field | Detail |
|---|---|
| Company | Snail, Inc. (SNAL) |
| Form Type | 10-Q |
| Filed Date | Aug 19, 2025 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, quarterly-filing, software
TL;DR
Snail Inc. 10-Q filed. Q2 2025 financials out.
AI Summary
Snail, Inc. filed its 10-Q for the period ending June 30, 2025. The company, formerly known as Snail Games USA, Inc., is incorporated in Delaware and operates in the prepackaged software industry. Its principal executive offices are located in Culver City, California.
Why It Matters
This filing provides investors with an update on Snail, Inc.'s financial performance and operational status for the second quarter of 2025.
Risk Assessment
Risk Level: low — This is a standard quarterly filing with no immediate red flags or significant new information presented in the provided snippet.
Key Numbers
- 20250630 — Reporting Period End Date (Indicates the end of the fiscal quarter being reported.)
- 20250819 — Filing Date (The date the 10-Q was officially submitted to the SEC.)
Key Players & Entities
- Snail, Inc. (company) — Filer
- Snail Games USA, Inc. (company) — Former company name
- Culver City, CA (location) — Business and mail address city/state
- DE (location) — State of incorporation
FAQ
What is Snail, Inc.'s primary business activity?
Snail, Inc. operates in the SERVICES-PREPACKAGED SOFTWARE industry, as indicated by its SIC code [7372].
When was Snail, Inc. formerly known as Snail Games USA, Inc.?
The company's name changed from Snail Games USA, Inc. on October 6, 2021.
Where are Snail, Inc.'s principal executive offices located?
Snail, Inc.'s business and mail address is 12049 Jefferson Boulevard, Culver City, CA 90230.
What is the fiscal year end for Snail, Inc.?
Snail, Inc.'s fiscal year ends on December 31.
What is the SEC file number for Snail, Inc.?
Snail, Inc.'s SEC file number is 001-41556.
Filing Stats: 4,497 words · 18 min read · ~15 pages · Grade level 18.5 · Accepted 2025-08-19 15:01:05
Key Financial Figures
- $0.0001 — tered Class A common stock, par value $0.0001 per share SNAL The Nasdaq Stock M
Filing Documents
- form10-q.htm (10-Q) — 2214KB
- ex31-1.htm (EX-31.1) — 18KB
- ex31-2.htm (EX-31.2) — 18KB
- ex32-1.htm (EX-32.1) — 8KB
- ex32-2.htm (EX-32.2) — 7KB
- 0001641172-25-024806.txt ( ) — 11246KB
- snal-20250630.xsd (EX-101.SCH) — 87KB
- snal-20250630_cal.xml (EX-101.CAL) — 102KB
- snal-20250630_def.xml (EX-101.DEF) — 418KB
- snal-20250630_lab.xml (EX-101.LAB) — 659KB
- snal-20250630_pre.xml (EX-101.PRE) — 547KB
- form10-q_htm.xml (XML) — 2000KB
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION Item 1. Condensed Consolidated Financial Statements (Unaudited) 2 Snail, Inc. and Subsidiaries Condensed Consolidated Balance Sheets as of June 30, 2025 and December 31, 2024 2 Snail, Inc. and Subsidiaries Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) for the three and six months ended June 30, 2025 and 2024 3 Snail, Inc. and Subsidiaries Condensed Consolidated Statements of Equity for the three and six months ended June 30, 2025 and 2024 4 Snail, Inc. and Subsidiaries Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2025 and 2024 5 Snail, Inc. and Subsidiaries Notes to Condensed Consolidated Financial Statements 6 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 31 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 46 Item 4.
Controls and Procedures
Controls and Procedures 46
OTHER INFORMATION
PART II. OTHER INFORMATION Item 1.
Legal Proceedings
Legal Proceedings 47 Item 1A.
Risk Factors
Risk Factors 47 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 53 Item 3. Defaults Upon Senior Securities 54 Item 4. Mine Safety Disclosures 54 Item 5. Other Information 54 Item 6. Exhibits 54
SIGNATURES
SIGNATURES 55 i CAUTIONARY This Quarterly Report on Form 10-Q (the "Quarterly Report") contains statements that constitute forward-looking statements. Many of the forward-looking statements contained in this Quarterly Report can be identified by the use of forward-looking words such as "anticipate," "believe," "could," "expect," "should," "plan," "intend," "may," "predict," "continue," "estimate" and "potential," or the negative of these terms or other similar expressions. Forward-looking belief or current expectations. These forward-looking statements include information about possible or assumed future results of our business, financial condition, results of operations, liquidity, plans and objectives. Forward-looking statements are based on our management's beliefs and assumptions and on information currently available to our management. Such statements are subject to risks and uncertainties, and actual results may differ materially from those expressed or implied in the forward-looking statements due to various factors, including, but not limited to, those identified described in "Part II, Item 1A. – Risk Factors," of this Quarterly Report. The our ability to re-establish profitable operations, raise additional capital or renegotiate our debt arrangements; our growth prospects and strategies; launching new games and additional functionality to games that are commercially successful; our expectations regarding significant drivers of our future growth; our failure to comply or regain compliance with the continued listing requirements of the Nasdaq Capital Market; our ability to retain and increase our player base and develop new video games and enhance our existing games; comp