The company's financial foundation has eroded significantly, resulting in a negative equity position of -$14.2M as of 2026Q1 and a concerning current ratio that has consistently hovered between 0.53 and 0.86.
| Total Current Assets | 28.8M | 31.06B | 31.14M | 56.55M | 42.64M | 45.21M | 61.25M | 0 |
| Cash & Short-Term Investments | 14.45M | 7.3M | 7.3M | 15.2M | 13.87M | 11.66M | 27.59M | 0 |
| Cash Only | 14.45M | 7.3M | 7.3M | 15.2M | 13.87M | 10.16M | 27.59M | 0 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 1.5M | 0 | 0 |
| Accounts Receivable | 9.31M | 13.62M | 12.81M | 25.24M | 18.2M | 20.88M | 22.66M | 23.78M |
| Days Sales Outstanding | 50.35 | 61.18 | 55.34 | 151.26 | 89.25 | 71.42 | 66.19 | 100.56 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - |
| Other Current Assets | 1.49M | 22.29B | 641.24K | 463.31K | 662.27K | 441.95K | 397.08K | 0 |
| Total Non-Current Assets | 28.04M | 28.25B | 31.05M | 34.31M | 30.14M | 34.88M | 62.36M | 0 |
| Property, Plant & Equipment | 8.72M | 8.87B | 5.66M | 7.12M | 8.72M | 10.78M | 13.11M | 0 |
| Fixed Asset Turnover | 0.00x | 0.01x | 14.93x | 8.55x | 8.54x | 9.90x | 9.53x | - |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 8.51M | 3.83B | 973.91K | 271.72K | 1.66M | 9.32M | 35.9M | 0 |
| Long-Term Investments | 5.37M | 1.75M | 2.44M | 8.62M | 6.37M | 6.39M | 6.31M | 0 |
| Other Non-Current Assets | 9.07M | 15.55B | 11.17M | 8.05M | 5.78M | 199.92K | 2.01M | 0 |
| Total Assets | 56.84M | 59.31B | 62.19M | 90.86M | 72.77M | 80.09M | 123.62M | 0 |
| Asset Turnover | 1.43x | 0.00x | 1.36x | 0.67x | 1.02x | 1.33x | 1.01x | - |
| Asset Growth % | -28.05% | 95259.27% | -31.55% | 24.85% | -9.13% | -35.21% | - | - |
| Total Current Liabilities | 48.04M | 49.81B | 36.18M | 71.31M | 51.58M | 53.5M | 65.31M | 0 |
| Accounts Payable | 25.56M | 25.57M | 20.04M | 35.2M | 29.37M | 27.61M | 29.24M | 0 |
| Days Payables Outstanding | 138.53 | 158.09 | 134.86 | 263.59 | 201.81 | 158.21 | 158.58 | - |
| Short-Term Debt | 4.15M | 5.54B | 7.17M | 13.45M | 15.87M | 11.38M | 11.45M | 0 |
| Deferred Revenue (Current) | 14.86B | 14.8B | 3.95M | 19.25M | 4.34M | 11.01M | 18.41M | 0 |
| Other Current Liabilities | 3.8M | 29.44B | 5.03M | 3.41M | 2M | 3.5M | 6.21M | 0 |
| Current Ratio | 0.60x | 0.62x | 0.86x | 0.79x | 0.83x | 0.85x | 0.94x | - |
| Quick Ratio | 0.60x | 0.62x | 0.86x | 0.79x | 0.83x | 0.85x | 0.94x | - |
| Cash Conversion Cycle | -88.17 | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 28.52M | 31.38B | 21.84M | 16.74M | 11.83M | 16.54M | 23.97M | 0 |
| Long-Term Debt | 6.47M | 4.34B | 0 | 0 | 3.22M | 2.89M | 445K | 0 |
| Capital Lease Obligations | 8.76M | 4.34M | 57.98K | 1.43M | 2.93M | 4.38M | 6.06M | 0 |
| Deferred Tax Liabilities | 21.84M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 625.35K | 27.04B | 265.25K | 254.73K | 457.02K | 0 | 0 | 0 |
| Total Liabilities | 76.56M | 81.19B | 58.02M | 88.06M | 63.41M | 70.03M | 89.28M | 0 |
| Total Debt | 14.86M | 7.22M | 7.22M | 14.87M | 22.03M | 18.64M | 17.96M | 0 |
| Net Debt | 415.45K | -79.03K | -79.03K | -324.98K | 8.16M | 8.48M | -9.63M | 0 |
| Debt / Equity | -0.75x | - | 1.73x | 5.31x | 2.35x | 1.85x | 0.52x | - |
| Debt / EBITDA | -1.92x | - | 1.72x | - | 3.33x | 0.77x | 0.40x | - |
| Net Debt / EBITDA | -0.05x | - | -0.02x | - | 1.23x | 0.35x | -0.22x | - |
| Interest Coverage | -13.30x | -23.83x | 4.40x | -6.50x | -0.57x | 23.87x | 65.46x | -10.60x |
| Total Equity | -19.72M | -21.88B | 4.17M | 2.8M | 9.36M | 10.05M | 34.34M | 0 |
| Equity Growth % | -2817.76% | -524882.99% | 48.87% | -70.09% | -6.84% | -70.73% | - | - |
| Book Value per Share | -0.21 | -584.38 | 0.11 | 0.08 | 0.25 | 0.27 | 0.93 | - |
| Total Shareholders' Equity | -14.21M | -16.37B | 9.67M | 8.3M | 14.86M | 15.59M | 39.36M | 0 |
| Common Stock | 3.92K | 6.79M | 3.84K | 3.8K | 3.8K | 5K | 5K | 0 |
| Retained Earnings | -37.22M | -39.35B | -12.12M | -13.95M | -4.86M | 16.05M | 7.58M | 0 |
| Treasury Stock | -3.67M | -3.67M | -3.67M | -3.67M | -3.41M | 0 | 0 | 0 |
| Accumulated OCI | -296.56K | -275.05M | -279.46K | -254.38K | -307.2K | -94.62M | -62.38M | 0 |
| Minority Interest | -5.51M | -5.51B | -5.5M | -5.5M | -5.49M | -5.54M | -5.02M | 0 |
Liquidity and solvency strain
As reported in recent financial filings, Snail, Inc. has seen its equity position deteriorate into negative territory, falling to -$14.2M in 2026Q1, which signals a significant weakening of the company's financial foundation as accumulated losses continue to outpace any potential capital preservation efforts by management.
The consistent decline in equity suggests that the company is effectively consuming its own capital base to fund ongoing operations. This trajectory implies that without a fundamental shift in profitability, the balance sheet will likely remain in a state of structural impairment.
Based on the company's reported figures, the current ratio has hovered between 0.53 and 0.86 over the last ten quarters, indicating that Snail, Inc. consistently lacks sufficient liquid assets to cover its short-term obligations, thereby heightening the risk of a near-term liquidity crisis for investors.
A current ratio consistently below 1.0 suggests that the firm is reliant on the continuous inflow of cash from operations or external financing to meet its immediate liabilities. This lack of a liquidity buffer leaves the company highly susceptible to even minor disruptions in its revenue cycle.
According to quarterly balance sheet data, the company's debt levels have fluctuated significantly, with total debt reaching $14.9M in 2026Q1, a trend that appears driven by the necessity to bridge operational funding gaps rather than a strategic effort to optimize the firm's capital structure.
The volatility in debt levels suggests that management is utilizing credit facilities as a stop-gap measure to maintain operations. This reliance on debt in the face of negative equity warrants close monitoring, as it may limit future financing flexibility and increase the cost of capital.
As indicated by the company's financial statements, the presence of massive, anomalous figures in PPE and deferred revenue—such as the $8.9T in PPE reported in 2025Q4—suggests significant data reporting inconsistencies that make traditional balance sheet analysis highly unreliable for assessing the firm's true financial health.
These extreme outliers in the reported data imply that investors should exercise extreme caution, as they may indicate either severe accounting errors or non-standard reporting practices. Such distortions make it difficult to ascertain the actual value of the company's asset base or its true liability profile.
Quick answers to the most common questions about buying SNAL stock.
As of 2025, Snail, Inc. Class A Common Stock (SNAL) had total assets of $59.31B including $31.06B in current assets.
Snail, Inc. Class A Common Stock (SNAL) carries total debt of $7.2M, offset by $7.3M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Snail, Inc. Class A Common Stock (SNAL) has total shareholders' equity (book value) of $-16372.3M ($-584.38 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Snail, Inc. Class A Common Stock (SNAL) reported a current ratio of 0.62x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.