v3.26.1
INCOME (LOSS) PER SHARE
 3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
INCOME (LOSS) PER SHARE

NOTE 16 – INCOME (LOSS) PER SHARE

 

The Company uses the two class method to compute its basic loss per share (“Basic EPS”) and diluted 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 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.

 

   2026   2025 
   For the three months ended
March 31,		 
   2026   2025 
Basic Earnings (Loss) Per Share:          
Net income (loss) attributable to Class A common stockholders  $510,510   $(441,731)
Net income (loss) attributable to Class B common stockholders   1,624,196    (1,504,276)
Total net income (loss) attributable to Snail Inc.  $2,134,706   $(1,946,007)
Class A weighted average shares outstanding - basic   9,036,135    8,442,025 
Class B weighted average shares outstanding - basic   28,748,580    28,748,580 
Class A and B basic earnings (loss) per share  $0.06   $(0.05)
           
Diluted Earnings (Loss) Per Share:          
Net income (loss) attributable to Class A common stockholders  $510,510   $(441,731)
Dilutive effects of convertible notes   333    — 
Dilutive effects of convertible notes warrants   —    (63,515)
Dilutive effects of equity line of credit warrants   —    (16,147)
Net income (loss) attributable to Class A common stockholders  $510,843   $(521,393)
Net income (loss) attributable to Class B common stockholders  $1,624,196   $(1,504,276)
Dilutive effects of convertible notes warrants   —    (216,296)
Dilutive effects of equity line of credit warrants   —    (54,986)
Net income (loss) attributable to Class B common stockholders  $1,624,196   $(1,775,558)
Class A weighted average shares outstanding - basic   9,036,135    8,442,025 
Dilutive effects of convertible notes   493,261    — 
Dilutive effects of convertible notes warrants   —    717,045 
Dilutive effects of equity line of credit warrants   —    82,752 
Class A weighted average shares outstanding - diluted   9,529,396    9,241,822 
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  $0.05   $(0.06)
Diluted earnings (loss) per Class B share  $0.06   $(0.06)

 

The following table provides a listing of shares excluded from the calculation of Diluted EPS due to their anti-dilutive effects:

 

   2026   2025   Method 
  

For the three months ended

March 31,

     
   2026   2025   Method 
Excluded Shares:               
Restricted stock units outstanding   1,160,691    1,129,455    Treasury 
Equity line of credit warrants   334,314    —    Treasury 
Underwriters warrants   —    120,000    Treasury 
Convertible notes   2,124,229    1,313,632    If-Converted 
Convertible notes warrants   1,216,185    —    Treasury