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CD Projekt S.A.

CD Projekt S.A.

7CD.BE
CD Projekt S.A.DE flagBerlin Stock Exchange
56.88
EUR
+0.18
- -
5.68BMarket Cap
CD Projekt S.A.
7CD.BE
(Berlin Stock Exchange)

Recent

price

56.88

P/E

ratio

- -

div

yld

- -

ROIC.AI

2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
TTM
FRC
0.05
0.89
1.46
1.73
1.5
1.01
8.4
6.12
4.82
3.78
5.42
22.17
8.82
9.46
12.27
9.86
10.03
Revenue per Share
-0.08
-0.06
0.25
0.3
0.15
0.05
3.61
2.63
2.08
1.14
1.82
11.97
2.07
3.45
4.8
4.7
4.54
Basic EPS, GAAP
-0.16
0.17
-0.06
0.24
0.19
-0.09
4.16
2.59
2.28
1.22
1.3
7.19
9.33
3.55
5.52
4.24
3.98
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
1.05
- -
1.05
- -
5
1
1
1
- -
Dividend per Share
-2.55
-0.41
0.18
0.49
0.56
0.48
4.08
3.83
3.31
2.46
2.8
12.94
3.01
4.4
5.48
5.66
2.55
Book Value per Share
0.13
-0.03
0.46
0.74
0.89
0.86
4.06
6.51
6.73
6.8
6.28
17.21
14.19
14.2
17.45
19.81
18.22
Tangible Book Value per Share
28
57
94
95
95
95
95
95
96
96
96
96
101
101
100
100
100
Basic Weighted Avg Shares
1
50
136
164
142
96
798
584
463
363
521
2,139
888
953
1,230
985
1,003
Sales/Revenue/Turnover
-169.03
-1.34
20.42
22.74
13.08
7.85
53.16
52.58
51.85
31.11
34.38
54.19
29.7
42.33
36.77
37.4
39.6
Operating Margin (%)
- -
2
2
3
3
3
100
37
5
17
37
268
105
14
17
17
12
Depreciation Expense
-2
-3
24
28
15
5
342
251
200
109
175
1,154
209
347
481
470
455
Net Income, GAAP
- -
- -
13.46
0.57
13.46
- -
18.78
19.69
19.05
11.13
7.32
0.91
4.66
11.72
10.66
- -
0.33
Effective Tax Rate (%)
-182.78
-6.84
17.3
17.15
10.21
5.42
42.91
42.9
43.24
30.13
33.63
53.97
23.52
36.44
39.11
47.7
45.33
Profit Margin (%)
-20
4
40
65
77
77
379
615
631
613
452
1,589
1,025
945
991
1,249
1,062
Working Capital
9
10
- -
- -
- -
- -
- -
- -
- -
- -
18
16
21
19
- -
- -
- -
LT Debt
4
78
123
152
167
168
514
777
883
1,003
1,106
2,183
1,894
2,031
2,403
2,801
2,878
Total Equity
- -
- -
19.31
24.99
9.82
- -
99.1
37.76
23.26
10.57
15.49
68.16
11.95
17.61
18.02
- -
14.75
Return on Invested Capital (%)
- -
- -
123.62
71.51
27.91
- -
157.98
66.55
58.58
39.44
66.94
148.47
26.17
84.76
94.33
- -
175.15
Return on Capital (%)
- -
- -
- -
88.44
29.01
10.52
158.07
66.55
58.6
39.46
69.41
152.19
26.94
92.99
96.88
84.25
174.81
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
100
100
100
Market Capitalization
18,886
21,495
28,518

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
1,468
1,389
1,352
Cash, Cash Equivalents & STI
1,188
1,175
1,127
Accounts Receivable, Net
168
88
91
Inventories
2
1
5
Total Current Liabilities
219
204
290
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
42.08%
25.26%
16.54%
Free Cash Flow
-425.29%
91.71%
-23.54%
Net Income, GAAP
701.7%
115.79%
-2.33%
Sales/Revenue/Turnover
97.24%
53.66%
-19.93%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
175
150
443
463
1,230
2024
227
198
228
333
985
2025
226
217
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.69
- -
2.03
- -
4.8
2024
1
- -
0.78
- -
4.7
2025
0.86
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
1
2024
- -
- -
- -
- -
1
2025
- -
- -
- -
- -
- -
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Business
CD Projekt S.A. is a Poland-based video game development and publishing company headquartered in Warsaw, founded in 1994. The company operates through its segments CD PROJEKT RED and GOG.com, offering a portfolio that includes video game development, digital distribution, and publishing. Its core products include the globally acclaimed game franchises The Witcher series, Cyberpunk 2077, and expansions such as Phantom Liberty for Cyberpunk 2077, alongside digital distribution services through GOG.com, which provides DRM-free gaming content. CD Projekt also develops and publishes new titles under The Witcher and Cyberpunk IPs, including upcoming projects like Witcher 4 and Cyberpunk 2. Additionally, the company has expanded its offerings into transmedia storytelling with new ventures such as a Witcher-themed board game and a Cyberpunk anime series. Recent major changes include the acquisition of Canadian development studios Digital Scapes and The Molasses Flood, which have boosted CD Projekt's development capabilities, especially in North America. The company has also formed strategic partnerships, notably with mobile game developer Scopely, to expand its IP reach into mobile gaming. In 2023 and 2024, CD Projekt launched several platform expansions for Cyberpunk 2077, including the Ultimate Edition on Mac and Nintendo Switch 2, and celebrated significant sales milestones, with The Witcher 3 surpassing 60 million copies sold and the Phantom Liberty expansion exceeding 10 million copies sold. Financially, CD Projekt reported strong revenue growth in 2025 with a 53% year-over-year increase in Q3 revenues, driven by robust sales of existing titles and ongoing investments in new games and technologies. The company is also developing new intellectual properties, such as the HADAR concept, while continuing a strategic focus on multiplatform presence and expanding its development workforce toward future projects.