GDEV

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GDEV Inc.

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Key Metrics

Previous Close: $11.01
52-Week Range: $10.00 – $42.20
Market Cap: $194.97M
P/E (TTM): 2.62
EPS (TTM): 4.11
Dividend Yield: 0.00%

Advanced Metrics

Price/Book: —
PEG Ratio: 0.74
Return on Equity: —
Return on Assets: 21.77%
Gross Margin: 64.75%
Operating Margin: 21.72%
Profit Margin: 19.92%
Current Ratio: 0.75
Debt/Equity: —
Total Debt: $1.74M
Free Cash Flow: $34.49M
Revenue Growth: -22.00%
Earnings Growth: 20.00%
Enterprise Value: $71.35M

GDEV Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$479.69M	$464.55M	$420.93M	$404.35M
Cost of Revenue	$176.98M	$164.61M	$142.02M	$141.41M
Gross Profit	$302.71M	$299.94M	$278.92M	$262.93M
Selling, General & Admin	$176.79M	$250.15M	$233.56M	$187.24M
Operating Expenses	$185.53M	$255.65M	$238.40M	$191.79M
Operating Income	$117.18M	$44.28M	$40.52M	$71.14M
EBITDA	$18.55M	$56.46M	$36.43M	$81.63M
Pretax Income	$11.17M	$49.99M	$30.04M	$74.70M
Income Tax	$3.76M	$3.88M	$4.51M	$5.37M
Net Income	$7.30M	$46.12M	$25.53M	$69.33M
Diluted EPS	0.37	2.30	1.38	3.77
Diluted Shares	19.80M	20.03M	18.44M	18.40M

GDEV Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$86.77M	$71.80M	$111.05M	$58.91M
Receivables	$42.90M	$48.80M	$38.08M	$40.05M
Current Assets	$188.87M	$213.88M	$179.60M	$155.05M
Total Assets	$322.04M	$320.55M	$272.20M	$233.11M
Current Liabilities	$332.40M	$302.76M	$263.45M	$231.89M
Total Debt	$1.19M	$2.44M	$1.30M	$1.09M
Total Liabilities	$470.82M	$420.37M	$373.73M	$323.68M
Retained Earnings	-$320.19M	-$274.08M	-$248.54M	-$239.22M
Shareholders' Equity	-$148.78M	-$99.81M	-$101.53M	-$90.56M
Working Capital	-$143.54M	-$88.88M	-$83.86M	-$76.84M

GDEV Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$116.08M	$17.95M	$28.52M	$29.45M
Capital Expenditure	-$1.06M	-$755.00K	-$438.00K	-$313.00K
Free Cash Flow	$115.02M	$17.20M	$28.09M	$29.13M
Depreciation & Amortisation	$6.90M	$6.28M	$6.18M	$6.85M
Stock-Based Compensation	$3.75M	$2.03M	$1.28M	$609.00K
Investing Cash Flow	-$171.78M	-$32.46M	$55.90M	-$22.40M
Financing Cash Flow	-$1.90M	-$1.95M	-$44.94M	-$57.40M
Dividends Paid	$0.00	$0.00	$0.00	-$55.99M
Share Repurchases	$0.00	$0.00	-$33.11M	$0.00
Net Change in Cash	-$57.60M	-$16.46M	$39.49M	-$50.36M

GDEV Income statement, quarterly periods, in USD
USD	Q2 2025	Q2 2026
Revenue	$119.91M	$93.57M
Cost of Revenue	$39.43M	$32.35M
Gross Profit	$80.48M	$61.22M
Selling, General & Admin	$59.88M	$39.50M
Operating Expenses	$61.47M	$40.89M
Operating Income	$19.02M	$20.33M
EBITDA	$18.86M	$21.85M
Pretax Income	$18.22M	$21.61M
Income Tax	$1.60M	$1.67M
Net Income	$16.63M	$19.94M
Diluted EPS	0.90	1.08
Diluted Shares	18.52M	18.47M

GDEV Balance Sheet statement, quarterly periods, in USD
USD	Q2 2025	Q2 2026
Cash & Equivalents	$31.55M	$74.24M
Receivables	$46.83M	$38.55M
Current Assets	$128.67M	$165.71M
Total Assets	$210.18M	$240.34M
Current Liabilities	$249.99M	$221.36M
Total Debt	$2.28M	$1.74M
Total Liabilities	$339.61M	$292.03M
Retained Earnings	-$277.67M	-$201.87M
Shareholders' Equity	-$129.43M	-$51.69M
Working Capital	-$121.32M	-$55.65M

Market Snapshot

About

GDEV Inc. is a gaming and entertainment company focused on developing and operating online games and interactive entertainment platforms. The company creates mobile and PC games across various genres, with operations primarily concentrated in Eastern European and international markets. GDEV develops both free-to-play and premium gaming titles, monetizing through in-game purchases and advertising. The company operates game development studios and publishing operations to bring titles to market across multiple platforms. GDEV aims to build a portfolio of engaging gaming experiences that attract and retain global player communities.