| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 19.68 | 27.9% | 11.3% |
| Total Income | 19.68 | 27.9% | 11.3% |
| Expenditure | 22.34 | 11.5% | 6.9% |
| PBT | -3.17 | 241.5% | 17.8% |
| Net Profit | -3.04 | 242.7% | 81.6% |
| OPM | -13.54% | 21.02pp | 5.35pp |
| NPM | -15.45% | 23.27pp | 59.20pp |
| EPS | — |
Snail, Inc. Reports Q2 2026 Financial Results
12 Aug 2026 · 12 Aug, 1:43 am
Summary
Snail, Inc. announced its financial results for the second quarter ended June 30, 2026, reporting net revenues of $19.7 million, a decrease from the prior year quarter, primarily due to lower sales of ARK franchise titles. However, the company saw a significant improvement in net loss, which narrowed to $3.0 million from $16.6 million in the same period last year. For the first six months of 2026, net revenues increased by 11.1% to $47.0 million, with total units sold up 13.8%. Management expressed optimism for the second half of 2026, citing a robust gaming pipeline and new business initiatives.
Key Highlights
- 1
Snail, Inc. reported net revenues of $19.7 million for the second quarter of 2026, a decrease from $22.2 million in the same period last year.
- 2
Total units sold were 2.0 million units in Q2 2026, compared to 2.1 million units in the same period last year.
- 3
Net loss improved significantly to $3.0 million in Q2 2026, compared to a net loss of $16.6 million in the same period last year.
- 4
For the six months ended June 30, 2026, net revenues increased 11.1% to $47.0 million compared to $42.3 million in the same period last year.
- 5
Total units sold for the first six months of 2026 increased 13.8% to 4.2 million units compared to 3.7 million units in the same period last year.
- 6
EBITDA for the six months ended June 30, 2026, improved to $(0.6) million compared to $(5.8) million in the same period last year.
- 7
Unrestricted cash increased to $13.3 million as of June 30, 2026, compared to $8.6 million as of December 31, 2025.
Management Comments
Hai Shi
Over the last several months, we have begun executing against the robust gaming pipeline we previously outlined, which has established a strong foundation for the second half of 2026. During the second quarter, we launched the ARK: Fantastic Tames Season 1 Pack and brought Bellwright to Xbox and PlayStation, with the console launch providing an important contribution during an otherwise measured quarter for new game releases. Shortly after the second quarter ended, we released three ARK DLC expansion maps: Tides of Fortune, Genesis Part 1 Ascended, and Dragontopia. These launches, together with our broader slate of planned ARK content, have established a strong foundation for the rest of the year. Additionally, we continue to invest in our next generation of internally developed AAA titles, which we view as critical drivers of Snail’s long-term growth profile. For The Stars and 9 Yin Sutra Immortal were showcased across select gaming events over the past several months, demonstrating meaningful development progress and growing visibility for these titles as they move through the later stages of development. Operationally, we have made significant progress across a new developing initiative that expands beyond traditional game development and publishing. Just last week, we announced our attendance at the Ai4 2026 conference, where we unveiled the AI Ranch initiative and our new product in development called Non-Human Player (NHP), an AI companion product for consumers designed to learn, adapt, and interact like a real human teammate. NHP is designed to deliver a personalized gaming experience tailored to each user’s playstyle. We believe this technology has the potential to address key challenges casual and hardcore gamers face while creating a personalized AI companion that can help players enjoy and improve their gaming experience across multiple titles. The outlook for the second half of 2026 remains strong as we continue to execute across multiple gaming pipelines and business opportunities. With a strong slate of ARK content through 2027, meaningful progress across three upcoming AAA titles, and the introduction of new business initiatives, we are well-positioned to support the transformation of Snail’s profile over the next several quarters.
Informational and educational content only. Not investment advice.