GDEV Inc.

GDEV Inc.

GDEV
GDEV Inc.US flagNASDAQ Global Market
11.40
USD
+0.05
- -
206.92MMarket Cap
GDEV Inc.
GDEV
(NASDAQ Global Market)

Recent

price

11.40

P/E

ratio

- -

div

yld

- -

ROIC.AI

2019
2020
2021
2022
2023
2024
2025
TTM
FRC
4.77
13.28
23.65
24.23
23.53
23.12
22.3
24.39
Revenue per Share
-1.81
-0.04
-6.4
0.37
2.34
1.4
3.82
0.37
Basic EPS, GAAP
0.76
6.13
5.67
5.81
0.87
1.54
1.61
5.81
Free Cash Flow per Basic Share
0.21
2.63
8.74
- -
- -
- -
3.09
- -
Dividend per Share
- -
-5.19
-8.2
-7.55
-5.05
-5.61
-4.99
-7.55
Book Value per Share
- -
-5.19
-8.29
-8.3
-5.57
-5.95
-5.13
-8.3
Tangible Book Value per Share
20
20
18
20
20
18
18
20
Basic Weighted Avg Shares
94
261
434
480
465
421
404
483
Sales/Revenue/Turnover
-38.12
-0.64
0.53
24.43
9.53
9.63
17.59
23.09
Operating Margin (%)
- -
1
3
7
6
6
7
7
Depreciation Expense
-36
-1
-117
7
46
26
69
7
Net Income, GAAP
- -
776.58
- -
33.66
7.76
15.01
7.18
12.92
Effective Tax Rate (%)
-37.87
-0.29
-27.06
1.52
9.93
6.07
17.15
1.51
Profit Margin (%)
- -
-113
-132
-144
-89
-84
-77
-144
Working Capital
- -
1
1
- -
1
- -
- -
- -
LT Debt
- -
-102
-161
-149
-100
-102
-91
-149
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
2.1
- -
-4.9
-37.79
-26.02
-73.18
53.62
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Jun'22
Sep'22
Dec'22
ST Debt
1
1
1
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
1
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
20
20
20
Market Capitalization
1,254
1,254
1,257

Working Capital

FRC

in mil. unless spec.
Jun'22
Sep'22
Dec'22
Total Current Assets
158
175
189
Cash, Cash Equivalents & STI
91
132
137
Accounts Receivable, Net
42
33
42
Inventories
- -
- -
- -
Total Current Liabilities
327
312
332
Payables & Accruals
18
20
33
ST Debt
1
1
1
Deferred Revenue
298
286
296

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
1.68%
-10.8%
Free Cash Flow
- -
-4.22%
3.72%
Net Income, GAAP
- -
3,218.39%
171.52%
Sales/Revenue/Turnover
- -
12.08%
-3.94%
Total Cash Common Dividend
- -
- -
-65.09%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
106
- -
- -
- -
421
2025
120
- -
- -
- -
404
2026
94
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.81
- -
- -
- -
1.4
2025
0.92
- -
- -
- -
3.82
2026
1.1
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
3.09
2026
- -
- -
- -
- -
- -
Business
GDEV Inc. (Nasdaq: GDEV) is a global gaming and entertainment holding company that develops and publishes live-service online games across mobile, web, Steam, social, and PC platforms; its core portfolio includes the RPG franchise Hero Wars from founding studio Nexters, the shooter Pixel Gun 3D from Cubic Games, Idle Zombie Miner from Royal Ark, and emerging AI-driven titles from studios including Game Gears and Light Hour Games. The company, founded in 2010 and headquartered in Limassol, Cyprus, operates studios serving diverse genres such as role-playing, action, shooters, idle tycoon, casual, and light-core games, targeting players in the United States, Europe, Asia, and internationally with over 550 million all-time installs, nearly 14 million monthly active users, and approximately 1,000 employees across more than 25 countries. GDEV Inc. generates revenue through in-game purchases, advertising, and sustainable development of its intellectual properties, which have produced over $2.7 billion in all-time bookings. In recent developments, the company acquired AI-powered mobile casual studio Light Hour Games in August 2025 to bolster its casual gaming capabilities; increased its ownership in portfolio studio Royal Ark to 57% in September 2025 amid the success of Zombie Miner, which generated about $23 million in the first half of 2025 and topped its genre; launched Pixel Gun 3D on Steam in April 2024; and reported strong financials including $421 million in 2024 profit and Q3 2025 results on November 24, 2025. Formerly known as Nexters Inc., GDEV rebranded in June 2023 to reflect its evolution into a multi-studio hub focused on franchise growth and innovation.

Company News

  • GDEV announces commencement of self tender offer to purchase for cash up to $20,000,000 in value of its ordinary shares (or up to 1,813,236 Ordinary Shares) at a purchase price of $11.03 per ordinary share

  • GDEV Inc. (GDEV) Shareholder/Analyst Call Prepared Remarks Transcript

  • 3 Gaming Stocks Worth Buying Despite Industry Headwinds

  • GDEV announces results for the second quarter and first half of 2026

  • GDEV Inc. (GDEV) Moves 5.5% Higher: Will This Strength Last?

  • GDEV announces results for the first quarter of 2026

  • Has GDEV Inc. (GDEV) Outpaced Other Consumer Discretionary Stocks This Year?

  • Hilton Q1 Earnings Beat Estimates on RevPAR Growth, 2026 View Raised

  • GDEV Inc. (GDEV) Soars 10.1%: Is Further Upside Left in the Stock?

  • All You Need to Know About GDEV Inc. (GDEV) Rating Upgrade to Strong Buy

  • GDEV Founder, Chairman and Chief Executive Officer, Andrey Fadeev Increased Ownership Stake to 37%

  • GDEV announces preliminary, unaudited results for the fourth quarter and twelve months of 2025

  • Are Consumer Discretionary Stocks Lagging GDEV Inc. (GDEV) This Year?

  • Are Consumer Discretionary Stocks Lagging GDEV Inc. (GDEV) This Year?

  • Is GDEV Inc. (GDEV) Stock Outpacing Its Consumer Discretionary Peers This Year?

  • GDEV Inc. (GDEV) Moves 26.2% Higher: Will This Strength Last?

  • GDEV announces results for the second quarter and first half of 2025

  • GDEV Strengthens Strategic Partnership with Royal Ark as Zombie Miner Reaches TOP-1 Position in its Genre

  • GDEV Management Announces Over $200MM of Fund II Capital Commitments to Scale Distributed Energy Platforms Across North America

  • GDEV acquires Light Hour Games to expand its portfolio in mobile casual games