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GDEV Inc. logo

GDEV Inc.

GDEV

NASDAQTechnologyElectronic Gaming & Multimedia

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Previous close

$10.625

−$0.575 · -5.13%

Aug 21, 4:00 PM ET

GDEV company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

85

Deep Value

Momentum

22

Weakening

Sentiment

55

Mixed

Risk resilience

23

High Risk

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Company profile

Company website

GDEV Inc. operates as a global interactive entertainment firm, specializing in the development and provision of a diverse portfolio of digital games. Its offerings span various platforms, including desktop computers, mobile devices, web browsers, and social networks, reaching audiences across the United States, Europe, Asia, and other international markets. The company, which traces its origins back to its establishment in 2010, was formerly known as Nexters Inc. before officially rebranding to GDEV Inc. in June 2023. Its corporate headquarters are situated in Limassol, Cyprus.

Industry
Electronic Gaming & Multimedia
Sector
Technology
Headquarters
CY
CEO
Andrey Fadeev
Listed since
Oct 5, 2020
Employees
488

Market position

Day range

Current $10.625

52-week range

Current $10.625

Open
$11.00
Previous close
$11.20
Volume
3.18K
0.59× average
Average volume
5.42K
Average daily volume
Market cap
192.85M USD
Beta
1.28
Market reference 1
50-day average
$12.2167
-13.03% below average
200-day average
$15.4432
-31.20% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
214.13M USD
P/E (TTM)
2.57×
P/B (TTM)
-3.73×
P/S (TTM)
0.51×
EV / EBITDA
2.62×
Earnings yield
25.49%
Free cash flow yield
10.71%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
64.59%
Operating margin
19.91%
Net margin
19.75%
Return on equity
-76.55%
Return on assets
29.74%
Return on invested capital
3303.17%

Financial health

Debt / equity
-0.03×
Current ratio
0.67×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends78%40%1%-38%Gross margin, FY2021: 68.63%Gross margin, FY2022: 63.10%Gross margin, FY2023: 65.41%Gross margin, FY2024: 66.26%Gross margin, FY2025: 65.03%Operating margin, FY2021: -28.39%Operating margin, FY2022: 3.93%Operating margin, FY2023: 8.26%Operating margin, FY2024: 9.62%Operating margin, FY2025: 17.59%Net margin, FY2021: -27.05%Net margin, FY2022: 1.52%Net margin, FY2023: 9.93%Net margin, FY2024: 6.07%Net margin, FY2025: 17.15%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 68.63%. Gross margin FY2022 63.10%. Gross margin FY2023 65.41%. Gross margin FY2024 66.26%. Gross margin FY2025 65.03%. Operating margin FY2021 -28.39%. Operating margin FY2022 3.93%. Operating margin FY2023 8.26%. Operating margin FY2024 9.62%. Operating margin FY2025 17.59%. Net margin FY2021 -27.05%. Net margin FY2022 1.52%. Net margin FY2023 9.93%. Net margin FY2024 6.07%. Net margin FY2025 17.15%.

Income trends

Revenue

404.35M USD-3.94%

Operating income

71.14M USD+75.67%

Net income

69.33M USD+171.52%
Income trends across reported periods539.98M USD298.8M USD57.63M USD−183.55M USDRevenue, FY2021: 434.09M USDRevenue, FY2022: 479.69M USDRevenue, FY2023: 464.55M USDRevenue, FY2024: 420.93M USDRevenue, FY2025: 404.35M USDOperating income, FY2021: −123.26M USDOperating income, FY2022: 18.85M USDOperating income, FY2023: 38.36M USDOperating income, FY2024: 40.5M USDOperating income, FY2025: 71.14M USDNet income, FY2021: −117.44M USDNet income, FY2022: 7.3M USDNet income, FY2023: 46.12M USDNet income, FY2024: 25.53M USDNet income, FY2025: 69.33M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 434.09M USD. Revenue FY2022 479.69M USD. Revenue FY2023 464.55M USD. Revenue FY2024 420.93M USD. Revenue FY2025 404.35M USD. Operating income FY2021 −123.26M USD. Operating income FY2022 18.85M USD. Operating income FY2023 38.36M USD. Operating income FY2024 40.5M USD. Operating income FY2025 71.14M USD. Net income FY2021 −117.44M USD. Net income FY2022 7.3M USD. Net income FY2023 46.12M USD. Net income FY2024 25.53M USD. Net income FY2025 69.33M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue404.35M USD420.93M USD464.55M USD479.69M USD434.09M USD
Cost of goods sold141.41M USD142.02M USD160.69M USD173.66M USD136.17M USD
Gross profit262.93M USD278.92M USD303.86M USD302.71M USD297.92M USD
Selling, general, and administrative187.24M USD233.57M USD250.15M USD183.28M USD293.2M USD
Operating expenses191.79M USD238.42M USD265.5M USD283.86M USD421.18M USD
Interest income1.75M USD2.34M USD4.02M USD1.64M USD—
Interest expense84K USD429K USD408K USD1.07M USD91K USD
Depreciation and amortization6.85M USD6.18M USD6.28M USD6.9M USD2.54M USD
Operating income71.14M USD40.5M USD38.36M USD18.85M USD−123.26M USD
Net income69.33M USD25.53M USD46.12M USD7.3M USD−117.44M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
50%
5 beats, 3 misses, 2 met estimates
Average EPS surprise
+54.23%
10 comparable reports
Latest EPS result
1.08
Estimate 1.08 · Met by 0.00%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates1.450.890.33-0.23Q1 '25MissQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26MissQ2 '26MetQ3 '26MetQ4 '26Estimate
Q1 2025, reported Mar 25, 2025: actual -0.11, estimate 0.64, surprise -117.19%, Miss. Q2 2025, reported May 16, 2025: actual 0.77, estimate 0.18, surprise +327.78%, Beat. Q3 2025, reported Sep 2, 2025: actual 0.9, estimate 0.26, surprise +246.15%, Beat. Q4 2025, reported Nov 24, 2025: actual 1.32, estimate 0.42, surprise +214.29%, Beat. Q1 2026, reported Mar 5, 2026: actual 0.65, estimate 0.8, surprise -18.75%, Miss. Q2 2026, reported May 19, 2026: actual 0.67, estimate 0.67, surprise 0.00%, Met estimate. Q3 2026, reported Aug 21, 2026: actual 1.08, estimate 1.08, surprise 0.00%, Met estimate. Q4 2026, reported Nov 13, 2026: actual —, estimate 1.33, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates124.71M111.54M98.37M85.2MQ1 '25MissQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26MissQ2 '26MetQ3 '26MissQ4 '26Estimate
Q1 2025, reported Mar 25, 2025: actual 97.5M USD, estimate 99.9M USD, surprise -2.40%, Miss. Q2 2025, reported May 16, 2025: actual 97M USD, estimate 90.35M USD, surprise +7.36%, Beat. Q3 2025, reported Sep 2, 2025: actual 119.91M USD, estimate 100.25M USD, surprise +19.61%, Beat. Q4 2025, reported Nov 24, 2025: actual 97.57M USD, estimate 96.5M USD, surprise +1.11%, Beat. Q1 2026, reported Mar 5, 2026: actual 90M USD, estimate 95.8M USD, surprise -6.05%, Miss. Q2 2026, reported May 19, 2026: actual 92M USD, estimate 92M USD, surprise 0.00%, Met estimate. Q3 2026, reported Aug 21, 2026: actual 93.57M USD, estimate 115M USD, surprise -18.63%, Miss. Q4 2026, reported Nov 13, 2026: actual —, estimate 109M USD, surprise —, Comparison unavailable.

GDEV news

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ETFs holding GDEV

Funds reporting this stock among their holdings, ordered by reported position size.

Dimensional - US Core Equity 1 ETF logoDimensional - US Core Equity 1 ETFDCOR
Market value
2.97K
Weight
0.00%
AUM
3.51B USD
Expense ratio
0.14%
Price / 1D
$84.54+0.42%
Dimensional - US Core Equity 2 ETF logoDimensional - US Core Equity 2 ETFDFAC
Market value
1.07K
Weight
0.00%
AUM
49.31B USD
Expense ratio
0.17%
Price / 1D
$45.61+0.46%

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