Filing Flows › Snail (SNAL) › Q1 2025
Snail (SNAL) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 14, 2025
Snail (SNAL) reported revenue of $20.1M for the first quarter 2025 (Q1 2025), +42% from a year earlier and -23% from the quarter before. Operating margin was -20.4%, net loss $1.9M (9.7% of revenue).
Snail, Q1 2025: revenue $20.1M (+42% year over year), operating margin -20.4%, net loss $1.9M, operating cash flow $765K. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $20.1M | -23% | +42% |
| Operating profit | −$4.1M | -236% | — |
| Net earnings | −$1.9M | -274% | — |
| Operating cash flow | $765K | — | -89% |
What changed
Revenue was $20.1M in Q1 2025, up 42% year over year and down 23% from the previous quarter. Console was the largest line at 41% of revenue. Console added $2.3M year over year (up 38%), 38% of the total change. Manufactured Product, Other declined 78%.
Gross margin was 29.1%, up 14.4 points from a year earlier. Operating costs exceeded revenue by $4.1M, an operating margin of -20.4%. Operating expenses grew 132% against revenue growth of 42%. The fastest-growing cost line was Sales & marketing (+826%). The quarter ended with a net loss of $1.9M, after a profit of $1.1M the previous quarter.
Operating cash flow was $765K (down 89% year over year). Non-cash charges added back $103K of depreciation and amortization and $844K of share-based compensation. Working capital and other items added $1.8M.
Questions
What was Snail's revenue in the first quarter 2025?
Snail (SNAL) reported revenue of $20.1M for the first quarter 2025 (Q1 2025), +42% from a year earlier and -23% from the quarter before.
Was Snail profitable in the first quarter 2025?
Operating loss was $4.1M (-20.4% of revenue) and net loss $1.9M.
Source: Snail 10-Q on SEC EDGAR.