DoubleDown Interactive Co., Ltd.
DDI Nasdaq Services-Computer Processing & Data Preparation Financials FY2023–FY2025
Last close · Oct 23, 2026
$13.24
0.7%
Revenue
Total sales reported in the income statement.
$360M
5.5%
vs prior year
Operating margin
Operating income as a share of revenue.
35.3%
4.9 pts
Net income
Profit after all expenses, interest and tax.
$102M
17.4%
Free cash flow
Cash from operations minus capital spending.
$137M
7.5%
Return on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
16.6%
2.7 pts
Market cap
Last close times the latest diluted share count, so it is approximate.
$32.8M
Oct 23 close
P/E
Last close divided by diluted earnings per share over the last four quarters.
0.3x
On $41.37 EPS (TTM)
What DoubleDown Interactive Co., Ltd. does
No business description yet.
- Legal name
- DoubleDown Interactive Co., Ltd.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 20-F · Mar 31, 2026
- Accession · CIK
- 0001628280-26-022395
0001799567
Revenue and margins
DoubleDown Interactive Co., Ltd. had $360M of revenue in fiscal 2025, up 5.5% on the year before.
FY23
Revenue $309M
FY24
Revenue $341M
FY25
Revenue $360M
Q1 '24
Revenue $88.1M
Q2 '24
Revenue $88.2M
Q3 '24
Revenue $83.0M
Q4 '24
Revenue $82.0M
Q1 '25
Revenue $83.5M
Q2 '25
Revenue $84.8M
Q3 '25
Revenue $95.8M
Q4 '25
Revenue $95.8M
FY23
Gross 67.9%
Operating 38.4%
Net 32.7%
FCF 7.7%
FY24
Gross 69.7%
Operating 40.1%
Net 36.4%
FCF 43.2%
FY25
Gross 71.8%
Operating 35.3%
Net 28.5%
FCF 37.9%
Gross
Operating
Net
FCF
Q1 '24
Gross 68.9%
Operating 35.3%
Net 34.4%
FCF 40.5%
Q2 '24
Gross 69.6%
Operating 41.2%
Net 37.5%
FCF 39.4%
Q3 '24
Gross 70.1%
Operating 42.6%
Net 30.1%
FCF 38.3%
Q4 '24
Gross 70.1%
Operating 41.7%
Net 43.5%
FCF 55.2%
Q1 '25
Gross 71.1%
Operating 35.5%
Net 28.6%
FCF 49.1%
Q2 '25
Gross 72.1%
Operating 38.2%
Net 25.8%
FCF 23.2%
Q3 '25
Gross 70.9%
Operating 36.5%
Net 34.1%
FCF 34.7%
Q4 '25
Gross 73.0%
Operating 31.2%
Net 25.1%
FCF 44.5%
Gross
Operating
Net
FCF
Net income and earnings per share
From fiscal 2023 to 2025, diluted EPS grew 0.7% a year. Loss periods are shown in red.
FY23
Net income $101M
FY24
Net income $124M
FY25
Net income $102M
Q1 '24
Net income $30.3M
Q2 '24
Net income $33.1M
Q3 '24
Net income $25.0M
Q4 '24
Net income $35.7M
Q1 '25
Net income $23.8M
Q2 '25
Net income $21.8M
Q3 '25
Net income $32.7M
Q4 '25
Net income $24.1M
FY23
Diluted EPS $40.78
FY24
Diluted EPS $50.09
FY25
Diluted EPS $41.37
Q1 '24
Diluted EPS $12.24
Q2 '24
Diluted EPS $13.35
Q3 '24
Diluted EPS $10.10
Q4 '24
Diluted EPS $14.40
Q1 '25
Diluted EPS $9.62
Q2 '25
Diluted EPS $8.82
Q3 '25
Diluted EPS $13.21
Q4 '25
Diluted EPS $9.72
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
FY23
Return on capital 17.5%
Return on equity 13.9%
Return on assets 12.6%
FY24
Return on capital 19.3%
Return on equity 15.8%
Return on assets 14.5%
FY25
Return on capital 16.6%
Return on equity 11.4%
Return on assets 10.5%
Return on capital
Return on equity
Return on assets
Cash flow
Free cash flow was $137M in fiscal 2025, 37.9% of revenue. Cash from operations minus capital spending.
FY23
Free cash flow $23.9M
FY24
Free cash flow $148M
FY25
Free cash flow $137M
Q1 '24
Free cash flow $35.7M
Q2 '24
Free cash flow $34.8M
Q3 '24
Free cash flow $31.8M
Q4 '24
Free cash flow $45.3M
Q1 '25
Free cash flow $41.0M
Q2 '25
Free cash flow $19.7M
Q3 '25
Free cash flow $33.3M
Q4 '25
Free cash flow $42.6M
FY23
Cash from operations $24.1M
Capital spending $0.2M
FY24
Cash from operations $148M
Capital spending $0.9M
FY25
Cash from operations $137M
Capital spending $0.2M
Cash from operations
Capital spending
Q1 '24
Cash from operations $35.7M
Capital spending $0.0M
Q2 '24
Cash from operations $34.8M
Capital spending $0.0M
Q3 '24
Cash from operations $32.1M
Capital spending $0.3M
Q4 '24
Cash from operations $45.9M
Capital spending $0.6M
Q1 '25
Cash from operations $41.1M
Capital spending $0.1M
Q2 '25
Cash from operations $19.7M
Capital spending −$0.0M
Q3 '25
Cash from operations $33.4M
Capital spending $0.1M
Q4 '25
Cash from operations $42.6M
Capital spending $0.0M
Cash from operations
Capital spending
Dividends, buybacks and share count
DoubleDown Interactive Co., Ltd. returned $0.1M to shareholders in fiscal 2025, 0% of free cash flow. The diluted share count rose 0.0%.
FY23
Dividends $0.0M
Buybacks —
FY24
Dividends $0.3M
Buybacks —
FY25
Dividends $0.1M
Buybacks —
Dividends
Buybacks
Q1 '24
Dividends —
Buybacks —
Q2 '24
Dividends —
Buybacks —
Q3 '24
Dividends $0.2M
Buybacks —
Q4 '24
Dividends −$0.0M
Buybacks —
Q1 '25
Dividends —
Buybacks —
Q2 '25
Dividends —
Buybacks —
Q3 '25
Dividends $0.0M
Buybacks —
Q4 '25
Dividends $0.1M
Buybacks —
Dividends
Buybacks
FY23
Diluted shares 0.00B
FY24
Diluted shares 0.00B
FY25
Diluted shares 0.00B
Balance sheet
Cash, debt and the ratios that show how comfortably DoubleDown Interactive Co., Ltd. can carry it.
FY23
Cash $207M
Debt $0.0M
FY24
Cash $335M
Debt $34.0M
FY25
Cash $389M
Debt $0.0M
Cash
Debt
| Fiscal year end | FY23 | FY24 | FY25 |
|---|---|---|---|
| Cash and short-term investments | $207M | $335M | $389M |
| Debt incl. finance leases | $0.0M | $34.0M | $0.0M |
| Net debt / EBITDA | −1.7x | −2.1x | −2.9x |
| Debt / equity | 0.0x | 0.0x | 0.0x |
| Interest coverage | 58.2x | 66.9x | 66.8x |
| Current ratio | 4.6x | 19.4x | 7.7x |
| Quick ratio | 4.6x | 19.4x | 7.7x |
| Total assets | $803M | $906M | $1.0B |
| Total liabilities | $75.5M | $64.1M | $90.2M |
| Shareholders' equity | $728M | $842M | $950M |
| Net debt (− = net cash) | −$207M | −$301M | −$389M |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. “Plan” marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
| Test | FY23 | FY24 | FY25 |
|---|---|---|---|
| Net income is positive | ✓ | ✓ | ✓ |
| Cash from operations is positive | ✓ | ✓ | ✓ |
| Return on assets rose | — | ✓ | ✕ |
| Cash from operations exceeds net income | ✕ | ✓ | ✓ |
| Debt fell relative to assets | — | ✕ | ✓ |
| Current ratio rose | — | ✓ | ✕ |
| Share count didn't rise | — | ✓ | ✓ |
| Gross margin rose | — | ✓ | ✓ |
| Revenue rose relative to assets | — | ✕ | ✕ |
| F-score | — / 3 | 7 / 9 | 6 / 9 |
| Accruals ratio | 9.6% | −2.8% | −3.5% |
| Altman Z'' | 14.55 | 19.61 | 16.58 |
3 years of figures
Amounts in USD. Hover a ratio’s name for its definition.
| Fiscal year | FY23 | FY24 | FY25 |
|---|---|---|---|
| Income statement | |||
| Revenue | $309M | $341M | $360M |
| Gross profit | $210M | $238M | $258M |
| Research and development | $21.2M | $13.9M | $12.0M |
| Operating income | $119M | $137M | $127M |
| Interest expense | $2.0M | $2.0M | $1.9M |
| Pretax income | $131M | $163M | $140M |
| Income tax | $30.3M | $38.4M | $37.2M |
| Net income | $101M | $124M | $102M |
| Net income to common | $101M | $124M | $102M |
| Diluted EPS | $40.78 | $50.09 | $41.37 |
| Diluted shares | 0.00B | 0.00B | 0.00B |
| Cash flow | |||
| Cash from operations | $24.1M | $148M | $137M |
| Capital expenditure | $0.2M | $0.9M | $0.2M |
| Free cash flow | $23.9M | $148M | $137M |
| Depreciation and amortization | $0.7M | $3.3M | $6.1M |
| Acquisitions | $26.9M | $0.0M | — |
| Dividends paid | $0.0M | $0.3M | $0.1M |
| Dividends and buybacks | $0.0M | $0.3M | $0.1M |
| Balance sheet | |||
| Cash and short-term investments | $207M | $335M | $389M |
| Total debt | $0.0M | $34.0M | $0.0M |
| Current assets | $316M | $453M | $528M |
| Current liabilities | $68.5M | $23.4M | $68.1M |
| Property and equipment, net | $0.4M | $1.0M | $1.1M |
| Goodwill | $397M | $396M | $427M |
| Intangible assets | $51.6M | $47.7M | $79.9M |
| Total assets | $803M | $906M | $1.0B |
| Total liabilities | $75.5M | $64.1M | $90.2M |
| Shareholders' equity | $728M | $842M | $950M |
| Margins | |||
| Gross margin | 67.9% | 69.7% | 71.8% |
| Operating margin | 38.4% | 40.1% | 35.3% |
| EBITDA margin | 38.6% | 41.1% | 37.0% |
| Net margin | 32.7% | 36.4% | 28.5% |
| FCF margin | 7.7% | 43.2% | 37.9% |
| Returns | |||
| Return on capital | 17.5% | 19.3% | 16.6% |
| Return on capital employed | 16.1% | 15.5% | 13.1% |
| Return on equity | 13.9% | 15.8% | 11.4% |
| Return on assets | 12.6% | 14.5% | 10.5% |
| Return on tangible equity | 36.2% | 31.1% | 23.1% |
| Growth | |||
| Revenue growth | — | 10.5% | 5.5% |
| Net income growth | — | 22.8% | −17.4% |
| EPS growth | — | 22.8% | −17.4% |
| FCF growth | — | 517.7% | −7.5% |
| Share count change | — | 0.0% | 0.0% |
| Financial health | |||
| Net debt / EBITDA | −1.7x | −2.1x | −2.9x |
| Debt / equity | 0.0x | 0.0x | 0.0x |
| Interest coverage | 58.2x | 66.9x | 66.8x |
| Current ratio | 4.6x | 19.4x | 7.7x |
| Quick ratio | 4.6x | 19.4x | 7.7x |
| Capital allocation | |||
| Capex / revenue | 0.1% | 0.3% | 0.1% |
| Payouts / FCF | 0.0% | 0.2% | 0.1% |
| Quality scores | |||
| Piotroski F-score | — | 7.0 | 6.0 |
| Altman Z'' | 14.6 | 19.6 | 16.6 |
| Accruals ratio | 9.6% | −2.8% | −3.5% |
Source: SEC EDGAR XBRL filings (CIK 0001799567). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.