Quarterly ResultAug 11, 2026, 04:25 PM
Snail Q2 Net Loss $(3.04)M; H1 Net Loss $(0.91)M; Reverse Split
AI Summary
Snail, Inc. reported a net loss of $(3.04) million for the second quarter of 2026, an improvement from $(16.56) million in the same period last year. Year-to-date net loss also significantly improved to $(0.91) million from $(18.51) million. Revenues for Q2 2026 were $19.68 million, a decrease from Q2 2025, but year-to-date revenues increased to $46.97 million. The company also completed a 1-for-5 reverse stock split in July 2026 and raised capital through an at-the-market offering and conversion of convertible notes.
Key Highlights
- Net loss for Q2 2026 was $(3.04) million, compared to $(16.56) million in Q2 2025.
- Net loss for H1 2026 was $(0.91) million, significantly improved from $(18.51) million in H1 2025.
- Revenues for Q2 2026 were $19.68 million, down from $22.19 million in Q2 2025.
- Revenues for H1 2026 increased to $46.97 million from $42.30 million in H1 2025.
- Basic loss per share for Q2 2026 was $(0.36), compared to $(2.22) in Q2 2025.
- Cash and cash equivalents increased to $13.29 million as of June 30, 2026, from $8.57 million at year-end 2025.
- Effected a 1-for-5 reverse stock split on Class A and Class B common stock on July 2, 2026.
- Raised $4.23 million from at-the-market offering and converted $0.87 million of convertible notes to common stock.
Price Impact
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