Snail, Inc. reported a net revenue of $81.2 million for the fiscal year ending December 31, 2025, a decrease of 3.8% from $84.5 million in 2024. The decline in revenue was attributed to a significant reduction in deferred revenue recognition related to the ARK franchise, which accounted for 89.4% of total revenue. The company also experienced a net loss of $27.2 million in 2025, compared to a net income of $1.8 million in the previous year. This shift in profitability was influenced by increased costs of revenues, which rose by 8.4% to $58.8 million, and a substantial rise in operating expenses, which surged by 50.7% to $39.7 million.
In terms of operational metrics, Snail, Inc. reported an average of 224,000 daily active users across its ARK franchise on Steam and Epic platforms, up from 213,000 in 2024. The company has maintained a diversified revenue base, with approximately 38.4% of revenue coming from consoles, 49.7% from PC, and 9.6% from mobile platforms. The ARK franchise continues to be a significant driver of user engagement, with over 4.3 billion hours played since its release, and the average player spending 161.4 hours on the game.
Strategically, Snail, Inc. has expanded its gaming portfolio through the release of multiple downloadable content (DLC) expansions for the ARK franchise, including the recently launched ARK: Lost Colony, which sold over 372,000 units during its pre-sale period. The company also broadened its offerings with three game acquisitions and six indie releases in 2025. Additionally, Snail, Inc. has ventured into the film and television space with its short-form mobile app, SaltyTV, which has released over 140 short film dramas, and is exploring a digital asset initiative to launch a proprietary stablecoin.
Looking ahead, Snail, Inc. aims to continue leveraging its strong ARK franchise while investing in new content and technology to enhance user engagement. The company plans to expand its micro-influencer marketing platform, NOIZ, and is focused on international market expansion, particularly in South America. However, the company faces challenges, including the need to manage its debt obligations and maintain compliance with Nasdaq listing requirements, as it has received a deficiency letter regarding its stock price. The management is actively monitoring these issues and exploring options to regain compliance.
About Snail, Inc.
Snail, Inc. is a global independent developer and publisher of interactive digital entertainment, specializing in sandbox survival games. Its flagship franchise, ARK, has over 90 million installs and continues to drive revenue through DLCs and new titles. With a focus on innovation and technology, Snail is expanding its offerings across platforms and enhancing player engagement through its micro-influencer platform, NOIZ. The company aims to capitalize on the growing gaming market and enhance its IP portfolio.
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