Filing Flows › Technology › Snail (SNAL)
Snail (SNAL) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 11, 2026 · Snail (SNAL) Q2 2026 earnings results →
Q2 2026 Revenue down 11% year over year to $19.7M · 15¢ of every $1 of revenue lost · operating margin -13.5%
Snail made $19.7M in Q2 2026 (-11% Y/Y): Pc $10.9M, Console $7.0M, Mobile $1.4M. Operating margin -13.5%, net loss $3.0M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 11, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $19.7M in Q2 2026, down 11% year over year and down 28% from the previous quarter. Pc was the largest line at 55% of revenue. Platform Three lost $2.9M year over year (down 42%), 115% of the total change.
Gross margin was 39.1%, up 7.7 points from Q2 2025. Operating costs exceeded revenue by $2.7M, an operating margin of -13.5%. Operating expenses grew 18% against a revenue fall of 11%. The fastest-growing cost line was General & admin (+43%). The quarter ended with a net loss of $3.0M, after a profit of $2.1M the previous quarter.
Operating cash flow was −$3.3M. Non-cash charges added back $13K of depreciation and $56K of share-based compensation. Working capital and other items used $373K.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 11, 2026 | $19.7M | -11% | -13.5% | −$3.0M | −$3.3M |
| Q1 2026 | 10-Q | May 13, 2026 | $27.3M | +36% | 7.5% | $2.1M | $10.2M |
| Q4 2025 | 10-K | Mar 19, 2026 | $25.1M | -4% | -6.0% | −$862K | −$5.3M |
| Q3 2025 | 10-Q | Nov 12, 2025 | $13.8M | -39% | -71.3% | −$7.9M | $6.6M |
| Q2 2025 | 10-Q | Aug 19, 2025 | $22.2M | +3% | -8.2% | −$16.6M | −$3.2M |
| Q1 2025 | 10-Q | May 14, 2025 | $20.1M | +42% | -20.4% | −$1.9M | $765K |
| Q4 2024 | 10-K | Mar 26, 2025 | $26.2M | -8% | 11.5% | $1.1M | −$3.6M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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Customers and suppliers named in filings
Sells to
- AAPL · Stated in 10-K (named, share not stated) · source
- GOOGL · Stated in 10-K (named, share not stated) · source
- AMZN · Stated in 10-K (named, share not stated) · source
Buys from
- AAPL · Stated in 10-K (named, share not stated) · source
- GOOGL · Stated in 10-K (named, share not stated) · source
About Snail
Our mission is to provide high-quality entertainment experiences to audiences around the world. We are a leading, global independent developer and publisher of interactive digital entertainment for consumers around the world. We have built a premier portfolio of premium games designed for use on a variety of platforms, including consoles, PCs, and mobile devices. ARK: Survival Ascended was ranked in top 100 on Steam in 2025, a year in which we launched the ARK: Lost Colony downloadable content (“ DLC”). Our expertise in technology, in-game ecosystems and monetization of online multiplayer games has enabled us to assemble a broad portfolio of intellectual property across multiple media formats and technology platforms.
In its own words, from its 10-K, filed Mar 19, 2026.
Snail against its Services-Prepackaged Software peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -11% against the peers' median +14%. Operating margin: -13.5% against the peers' median 15.2%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| SNAL Snail | Q2 2026 | $19.7M | -11% | -13.5% |
| MSFT Microsoft | Q1 FY27 | $92.3B | +19% | 49.8% |
| ORCL Oracle | Q1 FY27 | $19.3B | +30% | 34.8% |
| CRM Salesforce | Q2 FY27 | $11.3B | +11% | 20.5% |
| ADBE Adobe | Q3 FY26 | $6.8B | +13% | 34.8% |
| XYZ Block | Q3 2026 | $6.7B | +10% | 6.4% |
| INTU Intuit | Q4 FY26 | $4.4B | +14% | 10.9% |
| NOW ServiceNow | Q3 2026 | $4.1B | +20% | 9.4% |
| SHOP Shopify | Q3 2026 | $3.7B | +32% | 15.2% |
Source: Snail 10-Q on SEC EDGAR · CIK 1886894 · Services-Prepackaged Software
More on SNAL
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results