Snail, Inc. Earnings Per Share Disclosure
The Company uses the two class method to compute its basic earnings (loss) per share (“Basic EPS”) and diluted earnings (loss) per share (“Diluted EPS”). The following table summarizes the computations of basic EPS and diluted EPS. The allocation of earnings between Class A and Class B shares is based on their respective economic rights to the undistributed earnings of the Company. Basic EPS is computed as net income (loss) divided by the weighted-average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur using the treasury stock and if-converted methods, as applicable. The following table provides a reconciliation of the weighted average number of shares used in the calculation of Basic and Diluted EPS.
| For
the year ended December 31, |
||||||||
| 2025 | 2024 | |||||||
| Basic Earnings (Loss) Per Share: | ||||||||
| Net income (loss) attributable to Class A common stockholders | $ | (6,322,162 | ) | $ | 400,576 | |||
| Net income (loss) attributable to Class B common stockholders | (20,912,963 | ) | 1,431,364 | |||||
| Total net income (loss) attributable to Snail Inc. | $ | (27,235,125 | ) | $ | 1,831,940 | |||
| Class A weighted average shares outstanding - basic | 8,690,934 | 8,045,469 | ||||||
| Class B weighted average shares outstanding - basic | 28,748,580 | 28,748,580 | ||||||
| Class A and B basic earnings (loss) per share | $ | (0.73 | ) | $ | 0.05 | |||
| Diluted Earnings (Loss) Per Share: | ||||||||
| Net income (loss) attributable to Class A common stockholders | $ | (6,322,162 | ) | $ | 400,576 | |||
| Dilutive effects of convertible notes warrants | ||||||||
| Net income (loss) attributable to Class A common stockholders | $ | (6,322,162 | ) | $ | 400,576 | |||
| Net income (loss) attributable to Class B common stockholders | $ | (20,912,963 | ) | $ | 1,431,364 | |||
| Dilutive effects of convertible notes warrants | (376,226 | ) | ||||||
| Net income (loss) attributable to Class B common stockholders | $ | (21,289,189 | ) | $ | 1,431,364 | |||
| Class A weighted average shares outstanding - basic | 8,690,934 | 8,045,469 | ||||||
| Dilutive effects of convertible notes warrants | ||||||||
| Class A weighted average shares outstanding - diluted | 8,690,934 | 8,045,469 | ||||||
| Class B weighted average shares outstanding - basic | 28,748,580 | 28,748,580 | ||||||
| Dilutive effects of convertible note warrants | ||||||||
| Class B weighted average shares outstanding - diluted | 28,748,580 | 28,748,580 | ||||||
| Diluted earnings (loss) per Class A share | $ | (0.73 | ) | $ | 0.05 | |||
| Diluted earnings (loss) per Class B share | $ | (0.74 | ) | $ | 0.05 | |||
| 2025 | 2024 | Method | ||||||||
| Excluded Shares: | ||||||||||
| Restricted stock units outstanding | 1,194,024 | 1,142,284 | Treasury | |||||||
| Equity line of credit warrants | 334,314 | 334,314 | Treasury | |||||||
| Underwriters warrants | 120,000 | Treasury | ||||||||
| Convertible notes | 2,655,608 | If-Converted | ||||||||
| Convertible notes warrants | 1,216,185 | 1,405,470 | Treasury | |||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 19, 2026 | Showing above |
| 2024 | Mar 26, 2025 | |
| 2023 | Apr 1, 2024 | |
| 2022 | Mar 29, 2023 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.