GDEV Inc.
GDEV Nasdaq· Services-Computer Programming Services
KIRA · Stoqly’s AI analyst, in plain words
- GDEV Inc. had $404M of revenue in fiscal 2025, down 3.9% on the year before. Over five years, revenue changed +9.2% a year on average.
- Its operating margin was 17.6%, up 8.0 pts: of every 100 in sales, about 18 is left after running the business.
- GDEV Inc. made $69.3M of net profit in fiscal 2025.
- Free cash flow was $29.1M in fiscal 2025, 7.2% of revenue.
- GDEV Inc. returned $56.0M to shareholders in fiscal 2025, 192% of free cash flow. The diluted share count fell 0.2%.
Market cap
—
P/E
—
Revenue
$404M
Net income
$69.3M
Free cash flow
$29.1M
Operating margin
17.6%
GDEV Inc. in 30 seconds · fiscal 2025
Are sales growing?
−3.9%
No. Sales fell 3.9% last year.
Does it make a profit?
17.1%
Yes. It keeps 17.1% of every sale as profit.
Does profit turn into cash?
7.2%
Partly. 7.2% of sales ends up as free cash.
How healthy are the accounts?
5 / 7
Mixed. It passes 5 of 7 health tests.
What GDEV Inc. does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 20-F · Mar 31, 2026
- Legal name
- GDEV Inc.
- CIK
- 0001848739
GDEV Inc. · GDEV
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $434M | $480M | $465M | $421M | $404M |
| Revenue growth | 66.4% | 10.5% | −3.2% | −9.4% | −3.9% |
| Operating margin | −28.4% | 3.9% | 8.3% | 9.6% | 17.6% |
| Net income | −$117M | $7.3M | $46.1M | $25.5M | $69.3M |
| Net margin | −27.1% | 1.5% | 9.9% | 6.1% | 17.1% |
| Diluted EPS | −$0.64 | $0.37 | $2.30 | $1.38 | $3.77 |
| Cash | |||||
| Cash from operations | $106M | $116M | $18.0M | $28.5M | $29.4M |
| Capital expenditure | $1.1M | $1.0M | $0.7M | $0.3M | $0.3M |
| Free cash flow | $104M | $115M | $17.2M | $28.2M | $29.1M |
| FCF margin | 24.1% | 24.0% | 3.7% | 6.7% | 7.2% |
| Dividends paid | $160M | — | — | — | $56.0M |
| Share buybacks | — | — | — | $33.1M | — |
| Share count change | 3.9% | −89.2% | 1.2% | −8.0% | −0.2% |
| Debt and strength | |||||
| Cash and short-term investments | $143M | $86.8M | $71.8M | $111M | $62.9M |
| Shareholders' equity | −$161M | −$149M | −$99.8M | −$102M | −$90.6M |
| Current ratio | 0.6x | 0.6x | 0.7x | 0.7x | 0.7x |
| Interest coverage | −1,354.5x | 162.5x | 628.9x | 532.9x | 846.8x |
| Returns and quality | |||||
| Piotroski F-score | 4 | 6 | 4 | 5 | 5 |
| Altman Z'' | −9.2 | −6.1 | −4.1 | −4.3 | −3.8 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.3M
2 insiders
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
GDEV Inc. · GDEV
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Source: SEC EDGAR XBRL filings (CIK 0001848739). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.