Filing Flows › Snail (SNAL) › Q1 2026 › vs Q4 2025
Snail (SNAL) Q1 2026 vs Q4 2025 (quarter over quarter)
Snail's revenue rose $2.2M (+9%) from $25.1M in Q4 2025 to $27.3M in Q1 2026. Gross margin 42.7% against 38.3% (+4.4 pts).
Snail, Q1 2026: revenue $27.3M (+36% year over year), operating margin 7.5%, net earnings $2.1M, operating cash flow $10.2M. The chart draws each line against Q4 2025, the increases inside each band.
Margins
| Q1 2026 | Q4 2025 | Change | |
|---|---|---|---|
| Gross margin | 42.7% | 38.3% | +4.4 pts |
| Operating margin | 7.5% | -6.0% | +13.4 pts |
| Net margin | 7.8% | -3.4% | +11.3 pts |
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $27.3M | $25.1M | $2.2M | +9% |
| Gross profit | $11.7M | $9.6M | $2.0M | +21% |
| Cost of revenue | $15.6M | $15.5M | $143K | +0.9% |
| Other income, net | $201K | $488K | −$287K | -59% |
| Operating profit | $2.0M | −$1.5M | $3.5M | — |
| Operating expenses | $9.6M | $11.1M | −$1.5M | -13% |
| Pre-tax earnings | $2.2M | −$1.0M | $3.2M | — |
| Research & development | $4.0M | $3.9M | $69K | +2% |
| Sales & marketing | $869K | $1.5M | −$657K | -43% |
| General & admin | $4.7M | $4.8M | −$158K | -3% |
| Other operating costs | $82K | $829K | −$747K | -90% |
| Net earnings | $2.1M | −$862K | $3.0M | — |
| Income tax | $107K | −$145K | $252K | — |
| Depreciation | $13K | $44K | −$32K | -71% |
| Share-based compensation | $45K | $46K | −$1K | -1% |
| Working capital & other | $8.0M | −$4.5M | $12.5M | — |
| Operating cash flow | $10.2M | −$5.3M | $15.5M | — |
Questions
How much did Snail's revenue grow quarter over quarter in Q1 2026?
Snail's revenue rose $2.2M (+9%) from $25.1M in Q4 2025 to $27.3M in Q1 2026. Gross margin 42.7% against 38.3% (+4.4 pts).