| SCHEDULE OF DISAGGREGATION OF REVENUE |
SCHEDULE
OF DISAGGREGATION OF REVENUE
| | |
2026 | | |
2025 | |
| Over time | |
$ | 1,177,126 | | |
$ | 1,817,808 | |
| Point in time | |
| 26,117,528 | | |
| 18,293,064 | |
| Total revenue from contracts with customers: | |
$ | 27,294,654 | | |
$ | 20,110,872 | |
Geography
The
Company attributes net revenue to geographic regions based on customer location. Net revenue by geographic region for the three months
ended March 31, 2026 and 2025 were as follows:
| | |
2026 | | |
2025 | |
| United States | |
$ | 24,271,263 | | |
$ | 17,301,686 | |
| International | |
| 3,023,391 | | |
| 2,809,186 | |
| Total revenue from contracts with customers: | |
$ | 27,294,654 | | |
$ | 20,110,872 | |
No individual country accounted for more than 10% of total revenue.
Platform
Net
revenue by platform for the three months ended March 31, 2026 and 2025 were as follows:
| | |
2026 | | |
2025 | |
| Console | |
$ | 8,267,462 | | |
$ | 8,305,578 | |
| PC | |
| 17,163,718 | | |
| 9,008,138 | |
| Mobile | |
| 1,450,042 | | |
| 2,347,233 | |
| Other | |
| 413,432 | | |
| 449,923 | |
| Total revenue from contracts with customers: | |
$ | 27,294,654 | | |
$ | 20,110,872 | |
Our
net revenues through our current period top four platform providers as a proportion of our total net revenue for the three months ended
March 31, 2026 and 2025 were as follows:
| | |
2026 | | |
2025 | |
| | |
| |
| Platform 1 | |
$ | 16,857,489 | | |
$ | 8,762,894 | |
| Platform 2 | |
| 2,909,709 | | |
| 2,735,268 | |
| Platform 3 | |
| 5,079,402 | | |
| 5,173,560 | |
| Platform 4 | |
| 277,666 | | |
| 395,596 | |
| All Other Revenue | |
| 2,170,388 | | |
| 3,043,554 | |
| Total revenue from contracts with customers: | |
$ | 27,294,654 | | |
$ | 20,110,872 | |
Snail
Inc. and Subsidiaries
Notes
to Condensed Consolidated Financial Statements
Distribution
channel
Our
products are delivered through digital online services (digital download, online platforms, and cloud streaming), mobile, and retail
distribution and other. Net revenue by distribution channel for the three months ended March 31, 2026 and 2025 was as follows:
| | |
2026 | | |
2025 | |
| Digital | |
$ | 25,431,180 | | |
$ | 17,313,716 | |
| Mobile | |
| 1,450,042 | | |
| 2,347,233 | |
| Physical retail and other | |
| 413,432 | | |
| 449,923 | |
| Total revenue from contracts with customers: | |
$ | 27,294,654 | | |
$ | 20,110,872 | |
|
| SCHEDULE OF DEFERRED REVENUE |
SCHEDULE
OF DEFERRED REVENUE
| | |
2026 | | |
2025 | |
| Deferred revenue, beginning balance in advance of revenue recognition billing | |
$ | 32,082,525 | | |
$ | 25,467,447 | |
| Revenue recognized | |
| (3,128,851 | ) | |
| (1,278,631 | ) |
| Revenue deferred | |
| 2,770,347 | | |
| 3,416,657 | |
| Deferred revenue, ending balance | |
| 31,724,021 | | |
| 27,605,473 | |
| Less: current portion | |
| (14,533,507 | ) | |
| (3,864,474 | ) |
| Deferred revenue, long term | |
$ | 17,190,514 | | |
$ | 23,740,999 | |
|