Filing Flows › Snail (SNAL) › Q1 2026
Snail (SNAL) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 13, 2026
Snail (SNAL) reported revenue of $27.3M for the first quarter 2026 (Q1 2026), +36% from a year earlier and +9% from the quarter before. Operating margin was 7.5%, net earnings $2.1M (7.8% of revenue).
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 follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $27.3M | +9% | +36% |
| Gross profit | $11.7M | +21% | +99% |
| Operating profit | $2.0M | — | — |
| Net earnings | $2.1M | — | — |
| Operating cash flow | $10.2M | — | 13× |
What changed
Revenue was $27.3M in Q1 2026, up 36% year over year and up 9% from the previous quarter. PC was the largest line at 63% of revenue. PC added $8.2M year over year (up 91%), 114% of the total change. Mobile declined 38%.
Gross margin was 42.7%, up 13.6 points from Q1 2025. Operating profit was $2.0M, a 7.5% margin (up 27.9 points year over year). Operating expenses fell 3% while revenue rose 36%. The fastest-growing cost line was Other operating costs (+21%). Net earnings were $2.1M. The effective tax rate was 4.8%.
Operating cash flow was $10.2M (up 1235% year over year), 478% of net earnings. Non-cash charges added back $13K of depreciation and $45K of share-based compensation. Working capital and other items added $8.0M.
Questions
What was Snail's revenue in the first quarter 2026?
Snail (SNAL) reported revenue of $27.3M for the first quarter 2026 (Q1 2026), +36% from a year earlier and +9% from the quarter before.
Was Snail profitable in the first quarter 2026?
Operating profit was $2.0M (7.5% of revenue) and net earnings $2.1M.
Source: Snail 10-Q on SEC EDGAR.