Filing Flows › Snail (SNAL) › Q2 2026
Snail (SNAL) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 11, 2026
Snail (SNAL) reported revenue of $19.7M for the second quarter 2026 (Q2 2026), -11% from a year earlier and -28% from the quarter before. Operating margin was -13.5%, net loss $3.0M (15.5% of revenue).
Snail, Q2 2026: revenue $19.7M (-11% year over year), operating margin -13.5%, net loss $3.0M, operating cash flow −$3.3M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $19.7M | -28% | -11% |
| Operating profit | −$2.7M | -231% | — |
| Net earnings | −$3.0M | -242% | — |
| Operating cash flow | −$3.3M | -133% | — |
What changed
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.
Questions
What was Snail's revenue in the second quarter 2026?
Snail (SNAL) reported revenue of $19.7M for the second quarter 2026 (Q2 2026), -11% from a year earlier and -28% from the quarter before.
Was Snail profitable in the second quarter 2026?
Operating loss was $2.7M (-13.5% of revenue) and net loss $3.0M.
Source: Snail 10-Q on SEC EDGAR.