GDEV Inc. (GDEV)

NASDAQ: GDEV · Real-Time Price · USD

11.11

+0.25 (2.30%)

At close: Sep 30, 2026, 4:00 PM EDT

11.43

+0.32 (2.88%)

After-hours: Sep 30, 2026, 4:10 PM EDT

GDEV Inc. Financials Overview

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	380.39	404.35	420.93	464.55	479.69	434.09
Revenue Growth	-10.52%	-3.94%	-9.39%	-3.16%	10.50%	66.39%
Gross Profit	246.31	262.93	278.92	299.94	302.71	297.92
Operating Income	78.47	71.13	40.5	38.36	82.22	2.18
Net Income	75.79	69.33	25.53	46.12	7.3	-117.46
Earnings Per Share	4.11	3.77	1.38	2.30	0.37	-6.40
EPS Growth	60.54%	173.19%	-40.00%	523.49%	-	-

Revenue by Segment

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Other Segments and Corporate Activities	18.41	14.94	17.29	17.4	7.29	-
Nexters Global LTD	366.11	389.41	403.64	447.15	472.39	434.09
Total	380.39	404.35	420.93	464.55	479.69	434.09

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	125.69	112.96	139.08	159.28	140.13	145.26
Total Debt	1.74	1.09	1.3	2.44	1.19	1.93
Net Cash (Debt)	123.95	111.88	137.78	156.84	138.94	143.33
Net Cash Growth	60.28%	-18.80%	-12.15%	12.89%	-3.06%	67.75%
Net Cash Per Share	6.72	6.08	7.47	7.83	7.02	7.81

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	48	29.45	28.53	17.95	116.08	105.53
Capital Expenditures	-0.19	-0.31	-0.34	-0.74	-0.99	-1.1
Free Cash Flow	47.81	29.13	28.18	17.22	115.09	104.43
Free Cash Flow Growth	277.56%	3.38%	63.71%	-85.04%	10.21%	-13.32%

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Gross Margin	64.75%	65.03%	66.26%	64.56%	63.10%	68.63%
Operating Margin	20.63%	17.59%	9.62%	8.26%	17.14%	0.50%
Pretax Margin	21.45%	18.47%	7.14%	10.76%	2.33%	-26.80%
Profit Margin	19.92%	17.15%	6.07%	9.93%	1.52%	-27.06%
FCF Margin	12.57%	7.21%	6.69%	3.71%	23.99%	24.06%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '26 Oct 1, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	2.70	3.92	13.71	9.46	171.69	-
Forward PE	2.27	3.76	11.41	10.04	10.04	12.27
P/FCF Ratio	4.22	9.34	12.43	25.35	10.89	15.17
PS Ratio	0.53	0.67	0.83	0.94	2.61	3.65