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Snail, Inc. Class A Common Stock logo

Snail, Inc. Class A Common Stock

SNAL
21
Electronic Gaming & Multimedia · Technology
Price
$4.94
-0.20 (-3.89%)
Market Cap
$37.1M
Exchange
NASDAQ Global Market
Winston Score
21
Winston is worried
Weak fundamentals across most pillars.

Share count rising — dilution

+1.4% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 7.4M (2021) → 7.5M (2025)

Snail, Inc. is a video game developer and publisher based in the United States, though it was originally founded in China. The company is best known for making and selling *ARK: Survival Evolved*, a popular survival game where players tame dinosaurs and build shelters. It sells games to consumers on platforms like Steam, PlayStation, and Xbox, and its main customers are PC and console gamers worldwide.

Snail makes money primarily by selling game copies and downloadable content (DLC) for its titles. The company is small, with a market cap near zero, and it depends heavily on the ARK franchise for most of its revenue — which is a significant risk since it lacks a diverse game portfolio. Snail faces stiff competition from much larger game studios, and its negative operating margin shows it is currently spending more than it earns, making the release of new titles or expansions critical to improving its financial health.

Winston Score History

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+35.7% YoY

YoY Growth Rate

Strong revenue growth

EPS Growth

+207.1% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$14,600/ year

Declining (-100% vs prior year)

0.0% of revenue

Below sector average (15%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

4.6%ownership

Relatively low insider ownership

Cash Position

Cash flow positive

$16M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Strong grower

Snail, Inc. Class A Common Stock is growing revenue at 36% year-over-year. The Winston Score penalises unprofitable companies, but revenue at this pace tells a different story — this is a company still in "build mode."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin
42.7%
Healthy — 42.7% gross margin
Operating Margin
7.7%
Modest — 7.7% operating margin
ROCE
N/A
Data not available

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Growth

Sales YoY
-2.3%
Shrinking sales (-2.3% YoY)
EPS YoY
-1446.7%
Earnings shrinking (-1446.7% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

EPS Consistency
2/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion
N/A
Data not available
FCF Margin
8.1%
Modest free cash flow (8.1%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

Debt / Equity
N/A
Data not available
Interest Cover
N/A
Data not available

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Valuation

P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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