Filing Flows › Snail (SNAL) › Q4 2024
Snail (SNAL) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 26, 2025
Snail (SNAL) reported revenue of $26.2M for the fourth quarter 2024 (Q4 2024), -8% from a year earlier and +16% from the quarter before. Operating margin was 11.5%, net earnings $1.1M (4.3% of revenue).
Snail, Q4 2024: revenue $26.2M (-8% year over year), operating margin 11.5%, net earnings $1.1M, operating cash flow −$3.6M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $26.2M | +16% | -8% |
| Gross profit | $11.3M | +30% | +14% |
| Operating profit | $3.0M | +642% | -18% |
| Net earnings | $1.1M | +380% | -53% |
| Operating cash flow | −$3.6M | — | — |
What changed
Revenue was $26.2M in Q4 2024, down 8% year over year and up 16% from the previous quarter.
Gross margin was 43.3%, up 8.6 points from a year earlier. Operating profit was $3.0M, a 11.5% margin (down 1.4 points year over year). Operating expenses grew 33% against a revenue fall of 8%. The fastest-growing cost line was Research & development (+254%). Net earnings were $1.1M, down 53% year over year. The effective tax rate was 24.5%.
Operating cash flow was −$3.6M. Non-cash charges added back $68K of depreciation and $7K of share-based compensation. Working capital and other items used $4.8M.
Questions
What was Snail's revenue in the fourth quarter 2024?
Snail (SNAL) reported revenue of $26.2M for the fourth quarter 2024 (Q4 2024), -8% from a year earlier and +16% from the quarter before.
Was Snail profitable in the fourth quarter 2024?
Operating profit was $3.0M (11.5% of revenue) and net earnings $1.1M.
Source: Snail 10-K on SEC EDGAR.