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Side-by-side financial comparison of OCULAR THERAPEUTIX, INC (OCUL) and Snail, Inc. (SNAL). Click either name above to swap in a different company.
Snail, Inc. is the larger business by last-quarter revenue ($25.1M vs $13.3M, roughly 1.9× OCULAR THERAPEUTIX, INC). Snail, Inc. runs the higher net margin — -3.4% vs -488.0%, a 484.5% gap on every dollar of revenue. On growth, Snail, Inc. posted the faster year-over-year revenue change (-4.2% vs -22.4%). Over the past eight quarters, Snail, Inc.'s revenue compounded faster (33.4% CAGR vs -5.3%).
Ocular Therapeutix, Inc. is a biopharmaceutical firm specializing in developing and commercializing innovative ophthalmic therapies. Its products treat acute and chronic eye conditions including post-surgical pain, glaucoma, and dry eye, serving patients and ophthalmology providers primarily across the U.S. and select global markets.
Suzhou Snail Digital Technology Co., Ltd., doing business as Snail, is a Chinese video game company and a Virtual Network Operator headquartered in Suzhou, China, which has branches Snail Games and Snail Mobile. Its division, Snail USA, markets Snail Games products in North America, South America, & Europe. Snail Games products include massively multiplayer online (MMOs), real-time strategy (RTS), and casual games. Its global registered user base has reached over 70 million accounts. The U.S....
OCUL vs SNAL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $13.3M | $25.1M |
| Net Profit | $-64.7M | $-862.2K |
| Gross Margin | 88.0% | 38.3% |
| Operating Margin | -526.5% | -6.0% |
| Net Margin | -488.0% | -3.4% |
| Revenue YoY | -22.4% | -4.2% |
| Net Profit YoY | -33.6% | -177.0% |
| EPS (diluted) | $-0.27 | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $13.3M | $25.1M | ||
| Q3 25 | $14.5M | $13.8M | ||
| Q2 25 | $13.5M | $22.2M | ||
| Q1 25 | $10.7M | $20.1M | ||
| Q4 24 | $17.1M | $26.2M | ||
| Q3 24 | $15.4M | $22.5M | ||
| Q2 24 | $16.4M | $21.6M | ||
| Q1 24 | $14.8M | $14.1M |
| Q4 25 | $-64.7M | $-862.2K | ||
| Q3 25 | $-69.4M | $-7.9M | ||
| Q2 25 | $-67.8M | $-16.6M | ||
| Q1 25 | $-64.1M | $-1.9M | ||
| Q4 24 | $-48.4M | $1.1M | ||
| Q3 24 | $-36.5M | $235.1K | ||
| Q2 24 | $-43.8M | $2.3M | ||
| Q1 24 | $-64.8M | $-1.8M |
| Q4 25 | 88.0% | 38.3% | ||
| Q3 25 | 87.8% | 0.1% | ||
| Q2 25 | 85.6% | 31.3% | ||
| Q1 25 | 88.2% | 29.1% | ||
| Q4 24 | 92.8% | 43.3% | ||
| Q3 24 | 89.9% | 38.6% | ||
| Q2 24 | 90.8% | 37.5% | ||
| Q1 24 | 91.0% | 14.7% |
| Q4 25 | -526.5% | -6.0% | ||
| Q3 25 | -472.3% | -71.3% | ||
| Q2 25 | -502.6% | -8.2% | ||
| Q1 25 | -597.5% | -20.4% | ||
| Q4 24 | -296.1% | 11.5% | ||
| Q3 24 | -298.2% | 1.8% | ||
| Q2 24 | -265.1% | 12.4% | ||
| Q1 24 | -214.0% | -15.6% |
| Q4 25 | -488.0% | -3.4% | ||
| Q3 25 | -477.3% | -56.9% | ||
| Q2 25 | -503.9% | -74.7% | ||
| Q1 25 | -598.7% | -9.7% | ||
| Q4 24 | -283.3% | 4.3% | ||
| Q3 24 | -236.6% | 1.0% | ||
| Q2 24 | -266.3% | 10.4% | ||
| Q1 24 | -438.9% | -12.6% |
| Q4 25 | $-0.27 | — | ||
| Q3 25 | $-0.38 | — | ||
| Q2 25 | $-0.39 | $-0.44 | ||
| Q1 25 | $-0.38 | $-0.06 | ||
| Q4 24 | $-0.25 | $0.03 | ||
| Q3 24 | $-0.22 | $0.01 | ||
| Q2 24 | $-0.26 | $0.06 | ||
| Q1 24 | $-0.49 | $-0.05 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $737.1M | $8.6M |
| Total DebtLower is stronger | — | $14.6M |
| Stockholders' EquityBook value | $654.3M | $-16.4M |
| Total Assets | $808.1M | $59.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $737.1M | $8.6M | ||
| Q3 25 | $344.8M | $12.3M | ||
| Q2 25 | $391.1M | $7.9M | ||
| Q1 25 | $349.7M | $9.4M | ||
| Q4 24 | $392.1M | $7.3M | ||
| Q3 24 | $427.2M | $10.6M | ||
| Q2 24 | $459.7M | $15.5M | ||
| Q1 24 | $482.9M | $16.1M |
| Q4 25 | — | $14.6M | ||
| Q3 25 | — | $10.5M | ||
| Q2 25 | — | $11.8M | ||
| Q1 25 | — | $9.0M | ||
| Q4 24 | — | $5.7M | ||
| Q3 24 | — | $5.7M | ||
| Q2 24 | — | $5.8M | ||
| Q1 24 | — | $6.5M |
| Q4 25 | $654.3M | $-16.4M | ||
| Q3 25 | $258.2M | $-15.6M | ||
| Q2 25 | $305.9M | $-8.0M | ||
| Q1 25 | $265.9M | $9.1M | ||
| Q4 24 | $315.3M | $9.7M | ||
| Q3 24 | $352.0M | $8.2M | ||
| Q2 24 | $377.7M | $7.9M | ||
| Q1 24 | $408.0M | $5.6M |
| Q4 25 | $808.1M | $59.3M | ||
| Q3 25 | $410.9M | $51.1M | ||
| Q2 25 | $451.3M | $58.0M | ||
| Q1 25 | $405.9M | $64.5M | ||
| Q4 24 | $457.9M | $62.2M | ||
| Q3 24 | $490.4M | $66.8M | ||
| Q2 24 | $517.1M | $75.4M | ||
| Q1 24 | $538.9M | $78.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.99× | ||
| Q4 24 | — | 0.59× | ||
| Q3 24 | — | 0.70× | ||
| Q2 24 | — | 0.73× | ||
| Q1 24 | — | 1.16× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-54.2M | $-5.3M |
| Free Cash FlowOCF − Capex | $-57.1M | — |
| FCF MarginFCF / Revenue | -430.9% | — |
| Capex IntensityCapex / Revenue | 21.4% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-216.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-54.2M | $-5.3M | ||
| Q3 25 | $-50.7M | $6.6M | ||
| Q2 25 | $-55.2M | $-3.2M | ||
| Q1 25 | $-44.7M | $764.5K | ||
| Q4 24 | $-39.4M | $-3.6M | ||
| Q3 24 | $-36.6M | $-5.0M | ||
| Q2 24 | $-24.8M | $206.6K | ||
| Q1 24 | $-33.9M | $6.8M |
| Q4 25 | $-57.1M | — | ||
| Q3 25 | $-56.7M | — | ||
| Q2 25 | $-56.5M | — | ||
| Q1 25 | $-46.6M | — | ||
| Q4 24 | $-39.6M | — | ||
| Q3 24 | $-36.6M | — | ||
| Q2 24 | $-25.5M | — | ||
| Q1 24 | $-34.1M | — |
| Q4 25 | -430.9% | — | ||
| Q3 25 | -390.0% | — | ||
| Q2 25 | -419.7% | — | ||
| Q1 25 | -435.6% | — | ||
| Q4 24 | -232.0% | — | ||
| Q3 24 | -237.6% | — | ||
| Q2 24 | -155.4% | — | ||
| Q1 24 | -231.1% | — |
| Q4 25 | 21.4% | — | ||
| Q3 25 | 41.2% | — | ||
| Q2 25 | 9.3% | — | ||
| Q1 25 | 18.1% | — | ||
| Q4 24 | 1.2% | — | ||
| Q3 24 | 0.6% | — | ||
| Q2 24 | 4.5% | — | ||
| Q1 24 | 1.7% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -3.21× | ||
| Q3 24 | — | -21.05× | ||
| Q2 24 | — | 0.09× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
OCUL
Segment breakdown not available.
SNAL
| Pc | $14.7M | 59% |
| Platform Three | $5.2M | 21% |
| Platform Two | $3.3M | 13% |
| Sales Channel Directly To Consumer Mobile Sale | $1.6M | 6% |
