GDEV Inc.(GDEV)Earnings, Financials & Key Ratios
GDEV•NASDAQ
$13.48
3.6× P/E·Price updated Jul 6, 2026
AboutGDEV Inc. operates as a gaming and entertainment company in the United States, Europe, Asia, and internationally. It develops desktop, mobile, web, and social games. The company was formerly known as Nexters Inc. and changed its name to GDEV Inc. in June 2023. GDEV Inc. was founded in 2010 and is headquartered in Limassol, Cyprus.Show more
- Revenue$404M-3.9%
- EBITDA$78M+67.1%
- Net Income$69M+171.5%
- EPS (Diluted)3.77+173.2%
- Gross Margin65.03%-1.9%
- EBITDA Margin19.29%+73.9%
- Operating Margin17.59%+82.9%
- Net Margin17.15%+182.7%
GDEV Price & Volume
GDEV Inc. (GDEV) stock price & volume — 10-year historical chart
Loading chart...
Flagship Title Maturity Challenges Structural Equity Position
Investment Thesis • Updated 2025Q4
VerdictNegative
Growth:Contracting
Profitability:Moderate
Financial:Vulnerable
Cash Flow:Mixed
Primary Risk:Flagship title revenue concentration
Key Thesis Takeaways
- GDEV faces a challenging outlook as its flagship title struggles with a 7.7% year-over-year revenue contraction in 2025Q4, signaling potential exhaustion in its core user acquisition model.
- While the company maintains high gross margins near 63.3%, the persistent negative equity position of -$90.6M and reliance on deferred revenue buffers suggest significant long-term structural risks.
- Investors should monitor whether the aggressive capital return strategy, highlighted by a $58.7M dividend payment, undermines the necessary reinvestment required to diversify the company's aging IP portfolio.
Verdict Logic
the company's structural reliance on a single aging title and a negative equity position of -$90.6M outweigh the appeal of a 25.7% dividend yield, which may not be sustainable given the recent revenue contraction.
GDEV Growth Metrics
GDEV Inc. (GDEV) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years9.16%
3 Years-5.54%
TTM-3.92%
Profit CAGR
10 Years-
5 Years-
3 Years111.74%
TTM170.27%
EPS CAGR
10 Years-
5 Years-
3 Years116.79%
TTM164.9%
Return on Capital
10 Years921.55%
5 Years921.55%
3 Years921.55%
Last Year1427.51%
GDEV Recent Earnings
GDEV Inc. (GDEV) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 6/12 qtrs (67%)●Beat Revenue 6/12 qtrs (67%)
Q2 2026Latest
May 19, 2026Metric
Actual
Est
EPS
$0.75+11.9%
$0.67
Rev
$92M+0.0%
$92M
Q2 2026
Mar 5, 2026Metric
Actual
Est
EPS
$0.65-18.8%
$0.80
Rev
$90M-6.1%
$96M
Q4 2025
Nov 24, 2025Metric
Actual
Est
EPS
$1.32+214.3%
$0.42
Rev
$98M+1.1%
$97M
Q4 2025
Sep 2, 2025Metric
Actual
Est
EPS
$0.90+246.2%
$0.26
Rev
$120M+19.6%
$100M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 19, 2026 | $0.75vs $0.67+11.9% | $92Mvs $92M+0.0% |
| Q2 2026 | Mar 5, 2026 | $0.65vs $0.80-18.8% | $90Mvs $96M-6.1% |
| Q4 2025 | Nov 24, 2025 | $1.32vs $0.42+214.3% | $98Mvs $97M+1.1% |
| Q4 2025 | Sep 2, 2025 | $0.90vs $0.26+246.2% | $120Mvs $100M+19.6% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for GDEV Inc. (GDEV)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $13.48 | $244.67M | 3.58 | -3.94% | 17.15% | — | 22.91% | |
| $1.21 | $112.97M | -9.31 | 4.13% | -6.21% | -79.7% | — | |
| $64.71 | $449.66M | 10.08 | 11.92% | 14.91% | 12.25% | — | |
| $3.88 | $1.48B | -7.05 | 8.08% | -10.54% | — | — | |
| $37.31 | $6.32B | 95.67 | 27.82% | 11.37% | 12.64% | — | |
| $2.41 | $551.66M | -34.10 | 6.96% | -2.51% | -2.41% | — |
Compare GDEV vs Peers
GDEV Inc. (GDEV) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Get notified when GDEV posts new earnings or crosses analyst targets
Free. No account needed. Unsubscribe any time.
GDEV Frequently Asked Questions
GDEV Inc. (GDEV) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is GDEV Inc.'s revenue?
GDEV Inc. (GDEV) reported $404.5M in revenue for fiscal year 2025. This represents a 331% increase from $93.8M in 2019.
How fast is GDEV Inc. growing?
GDEV Inc. (GDEV) saw revenue decline by 3.9% over the past year.
Is GDEV profitable?
Yes, GDEV Inc. (GDEV) is profitable, generating $69.0M in net income for fiscal year 2025 (17.1% net margin).
Dividend & Returns
Does GDEV pay dividends?
Yes, GDEV Inc. (GDEV) pays a dividend with a yield of 22.91%. This makes it attractive for income-focused investors.
What is GDEV Inc.'s free cash flow?
GDEV Inc. (GDEV) generated $31.9M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.