[2] Snæfell's women's team first played in Úrvalsdeild kvenna during the 2008–09 season after winning 1. deild kvenna the previous season with a perfect record.

It won the national championship for three straight seasons, from 2014[3] to 2016, and the Icelandic Basketball Cup in 2016.

[6] On 2 June 2021, the club announced that it would not take its seat in the Úrvalsdeild for the 2021–22 season and register it in the second-tier 1. deild kvenna.

On 11 December 2024, the team withdrew from the 1. deild after posting a 2–5 record in the first 7 games.

It had previously forfeited its game in the Icelandic Cup a few days earlier.