GDEV (GDEV)

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GDEV Inc. is a gaming and entertainment holding company that owns and supports a portfolio of game studios. The company focuses on live-service titles, a model in which games are continuously updated after launch with new content, events, features, and monetization opportunities. This approach depends on long-term player engagement rather than one-time sales, making retention, community management, data analysis, and content cadence central to the business.

GDEV’s studios develop and publish games across mobile, browser, and PC platforms. Its portfolio spans multiple genres and intellectual properties, including free-to-play games that typically generate revenue through in-app purchases and other digital monetization tools. The company is best known for operating in the global online games market, where successful titles can reach broad audiences but must compete for user attention against large publishers, independent studios, and platform-driven entertainment alternatives.

As a holding company, GDEV’s role is not limited to a single game or development team. It allocates resources across studios, supports publishing and live operations, and seeks to build durable franchises that can be expanded through updates, platform launches, and new content. This structure gives the company exposure to several products while also making execution across the portfolio important to performance.

For investors, GDEV offers exposure to the interactive entertainment sector, particularly the segment built around free-to-play and live-service gaming. Its results are influenced by player acquisition costs, engagement trends, content quality, platform rules, and the ability of its studios to extend the commercial life of existing games while developing new titles.

11.49USD
11.20 USD
+0.51(+4.63%)
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Market Cap
$199,593,653
P/E
P/FCF
P/S
Enterprise Value
Sector
Industry
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Market Cap
$199,593,653
Enterprise Value
P/E
P/B
P/S
EV / EBITDA
EV / Sales
EPS
Dividend Yield
P/FCF
P/CF
Free Cash Flow
ROE
ROA
Debt / Equity
Current Ratio
Quick Ratio
Cash
Avg Volume
Fundamentals Snapshot Price

Income Statement

Line Item2025 Q42024 Q42023 Q42022 Q42021 Q4
Revenue404.35M420.93M464.55M479.69M434.09M
Cost of revenue56.73M50.75M55.59M176.98M136.17M
Gross profit347.62M370.19M408.96M302.71M297.92M
Operating income71.13M40.5M38.36M18.85M-123.26M
EBITDA77.99M46.7M50.56M118.56M4.82M
Net income69.33M25.53M46.12M7.3M-117.46M
Income taxes5.37M4.51M3.88M3.76M1.13M
Interest expense-443K-7.56M-4.05M-2.19M-3.22M
Other operating expenses82.58M89.06M112.89M91.49M125.54M
Total operating expenses276.49M329.69M370.59M283.86M421.18M
Basic EPS3.821.42.340.37-6.4
Diluted EPS3.771.382.30.37-6.4

Balance Sheet

Line Item2025 Q42024 Q42023 Q42022 Q42021 Q4
Total assets233.11M272.2M320.55M322.04M312.98M
Total liabilities323.68M373.73M420.37M470.82M474.03M
Total equity-90.56M-101.53M-99.81M-148.78M-161.05M
Cash & equivalents62.91M111.05M71.8M86.77M142.8M
Current assets155.05M179.6M213.88M188.87M191.15M
Current liabilities231.89M263.45M302.76M332.4M322.83M
Accounts payable25.14M20.21M30.3M30.52M26.57M
Receivables44.92M42.56M52.05M49.22M45.21M
Inventories00000
Goodwill1.84M1.84M1.84M1.84M1.5M
Long-term debt00000

Cash Flow

Line Item2025 Q42024 Q42023 Q42022 Q42021 Q4
Operating cash flow29.45M28.53M17.95M116.08M105.53M
Investing cash flow-22.4M55.9M-32.46M-171.78M-2.72M
Financing cash flow-57.4M-44.94M-1.95M-1.9M-42.98M
Change in cash-50.36M39.49M-16.46M-57.61M59.83M
Net income69.33M25.53M46.12M7.41M-117.44M
KindFilingDateLink
edgar indexSC TO-I — GDEV Inc.View Filing
edgar index6-K — GDEV Inc.View Filing
edgar index25-NSE — GDEV Inc.View Filing
edgar index4 — GDEV Inc.View Filing
edgar index6-K — GDEV Inc.View Filing
form 4Form 4 — Reingold AntonView Filing
form 4Form 4 — Reingold AntonView Filing
form 4Form 4 — Reingold AntonView Filing
edgar index6-K/A — GDEV Inc.View Filing
edgar index4 — GDEV Inc.View Filing
form 4Form 4 — Sheppard Andrew JeremyView Filing
form 4Form 4 — Sheppard Andrew JeremyView Filing
edgar index424B3 — GDEV Inc.View Filing
edgar index6-K — GDEV Inc.View Filing
edgar index6-K — GDEV Inc.View Filing
edgar index4 — GDEV Inc.View Filing
edgar index4 — GDEV Inc.View Filing
edgar index4 — GDEV Inc.View Filing
form 4Form 4 — Shoham TalView Filing
form 4Form 4 — Sheppard Andrew JeremyView Filing
form 4Form 4 — Holive Marie Juliette FranceView Filing
edgar index4 — GDEV Inc.View Filing
form 4Form 4 — Holive Marie Juliette FranceView Filing
edgar index6-K — GDEV Inc.View Filing
edgar index20-F — GDEV Inc.View Filing
edgar index3 — GDEV Inc.View Filing
edgar index3 — GDEV Inc.View Filing
edgar index3 — GDEV Inc.View Filing
edgar index3 — GDEV Inc.View Filing
edgar index3 — GDEV Inc.View Filing
edgar index3 — GDEV Inc.View Filing
edgar index3 — GDEV Inc.View Filing
form 3Form 3 — Fadeev AndreyView Filing
form 3Form 3 — Karavaev AlexanderView Filing
form 3Form 3 — Karavaev AlexanderView Filing
form 3Form 3 — Reingold AntonView Filing
form 3Form 3 — Reingold AntonView Filing
form 3Form 3 — Bukhman IgorView Filing
form 3Form 3 — Sheppard Andrew JeremyView Filing
form 3Form 3 — Shoham TalView Filing
form 3Form 3 — Holive Marie Juliette FranceView Filing
edgar indexSCHEDULE 13D — GDEV Inc.View Filing
edgar indexSCHEDULE 13G/A — GDEV Inc.View Filing
edgar index6-K — GDEV Inc.View Filing
edgar index6-K — GDEV Inc.View Filing
edgar index144 — GDEV Inc.View Filing
edgar index6-K — GDEV Inc.View Filing
edgar index144 — GDEV Inc.View Filing
edgar index6-K — GDEV Inc.View Filing
edgar index6-K — GDEV Inc.View Filing
edgar index6-K — GDEV Inc.View Filing
edgar index6-K — GDEV Inc.View Filing
edgar index6-K — GDEV Inc.View Filing
edgar index6-K — GDEV Inc.View Filing
edgar index6-K — GDEV Inc.View Filing
edgar index20-F — GDEV Inc.View Filing
edgar index6-K — GDEV Inc.View Filing
edgar index6-K — GDEV Inc.View Filing
edgar index6-K — GDEV Inc.View Filing
edgar index6-K — GDEV Inc.View Filing
edgar indexUPLOAD — GDEV Inc.View Filing
edgar indexSCHEDULE 13G/A — GDEV Inc.View Filing
edgar indexCORRESP — GDEV Inc.View Filing
edgar indexUPLOAD — GDEV Inc.View Filing
edgar indexCORRESP — GDEV Inc.View Filing
edgar indexUPLOAD — GDEV Inc.View Filing
edgar index6-K — GDEV Inc.View Filing
edgar index424B3 — GDEV Inc.View Filing
edgar indexCORRESP — GDEV Inc.View Filing
edgar index6-K — GDEV Inc.View Filing
edgar indexUPLOAD — GDEV Inc.View Filing
edgar index6-K — GDEV Inc.View Filing
edgar indexEFFECT — GDEV Inc.View Filing
edgar indexCORRESP — GDEV Inc.View Filing
edgar indexUPLOAD — GDEV Inc.View Filing