Snail, Inc. reported Q4 and Full Year 2025 financial results, with full year net loss of $(27.2) million compared to net income of $1.8 million in the prior year, despite a 16.2% increase in bookings to $87.8 million. The Company highlighted ARK franchise updates and progress on its AAA game pipeline during the quarter.
Key takeaways
Full Year 2025 Net Loss was $(27.2) million, impacted by a $10.1 million non-cash tax expense from valuation allowance on deferred tax assets.
Full Year 2025 Bookings increased 16.2% to $87.8 million, up from $75.7 million in the prior year.
Q4 2025 Net Revenues were $25.1 million, a decrease from $26.2 million in the same period last year.
Unrestricted cash was $8.6 million as of December 31, 2025, compared to $7.3 million as of December 31, 2024.
ARK: Ultimate Mobile Edition surpassed 10 million downloads as of December 31, 2025.
Total units sold increased 32.7% to 6.3 million units for the full year 2025.