Snail, Inc.
For the period ended Dec 31, 2024. Filed Mar 26, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 26, 2025
SNAL$2.15+3.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations and Comprehensive Income (Loss)
Consolidated Statements of Operations and Comprehensive Income (Loss) for the Years Ended December 31, 2024 and 2023
| 2024 | 2023 | |
|---|---|---|
| Revenues, net | $84,467,047 | $60,902,098 |
| Cost of revenues | 54,236,342 | 48,306,403 |
| Gross profit | 30,230,705 | 12,595,695 |
| Operating expenses: | ||
| General and administrative | 12,867,210 | 15,816,088 |
| Research and development | 11,647,293 | 5,057,421 |
| Advertising and marketing | 1,523,398 | 1,582,464 |
| Depreciation | 303,714 | 432,306 |
| Loss on disposal of fixed assets | - | 427 |
| Total operating expenses | 26,341,615 | 22,888,706 |
| Income (loss) from operations | 3,889,090 | (10,293,011) |
| Other income (expense): | ||
| Interest income | 260,679 | 129,854 |
| Interest income - related parties | 2,005 | 2,000 |
| Interest expense | (723,038) | (1,531,719) |
| Other income (expense) | (981,223) | 265,980 |
| Foreign currency transaction gain (loss) | 11,686 | (68,180) |
| Total other income (expense), net | (1,429,891) | (1,202,065) |
| Income (loss) before provision for (benefit from) income taxes | 2,459,199 | (11,495,076) |
| Provision for (benefit from) income taxes | 632,124 | (2,400,652) |
| Net income (loss) | 1,827,075 | (9,094,424) |
| Net loss attributable to non-controlling interests | (4,865) | (8,349) |
| Net income (loss) attributable to Snail, Inc. | 1,831,940 | (9,086,075) |
| Comprehensive income (loss) statement: | ||
| Net income (loss) | $1,827,075 | (9,094,424) |
| Other comprehensive income (loss) related to foreign currency translation adjustments, net of tax | (25,074) | 52,817 |
| Total comprehensive income (loss) | $1,802,001 | $(9,041,607) |
| Net income (loss) attributable to Class A common stockholders: | ||
| Basic | $400,576 | $(1,960,813) |
| Diluted | $400,576 | $(1,960,813) |
| Net income (loss) attributable to Class B common stockholders: | ||
| Basic | $1,431,364 | $(7,125,262) |
| Diluted | $1,431,364 | $(7,125,262) |
| Income (loss) per share attributable to Class A and B common stockholders: | ||
| Basic | $0.05 | $(0.25) |
| Diluted | $0.05 | $(0.25) |
| Weighted-average shares used to compute income (loss) per share attributable to Class A common stockholders: | ||
| Basic | 8,045,469 | 7,911,369 |
| Diluted | 8,045,469 | 7,911,369 |
| Weighted-average shares used to compute income (loss) per share attributable to Class B common stockholders: | ||
| Basic | 28,748,580 | 28,748,580 |
| Diluted | 28,748,580 | 28,748,580 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.