Gravity Co., Ltd. (GRVY)

Gravity Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	497,693	710,621	448,028	395,534	387,869	344,225
Other Revenue	2,822	2,822	6,750	18,404	18,084	16,742
Revenue	500,515	713,443	454,778	413,938	405,953	360,967
Revenue Growth (YoY)	-33.80%	56.88%	9.87%	1.97%	12.46%	25.87%
Cost of Revenue	319,225	484,958	267,365	224,173	239,045	265,788
Gross Profit	181,290	228,485	187,413	189,765	166,908	95,179
Selling, General & Admin	73,663	54,972	66,804	75,631	62,400	35,367
Research & Development	15,342	13,486	13,797	16,570	15,034	9,503
Other Operating Expenses	7,209	6,385	6,678	-573	-465	-
Operating Expenses	100,923	79,552	91,411	91,628	76,969	46,376
Operating Income	80,366	148,932	96,002	98,137	89,939	48,803
Interest Expense	-1,576	-161.81	-126.83	-115	-186	-277.45
Interest & Investment Income	27,920	23,565	13,341	1,383	1,088	1,626
Currency Exchange Gain (Loss)	-2,999	-2,999	800.11	1,314	-1,259	1,245
Other Non Operating Income (Expenses)	4,943	878.61	325.99	-	-	342.26
EBT Excluding Unusual Items	108,655	170,216	110,342	100,719	89,582	51,739
Gain (Loss) on Sale of Assets	14.08	14.08	10.04	-50	-	3.95
Asset Writedown	-1,531	-1,531	-470.15	-1,368	-1,571	-485.96
Pretax Income	107,138	168,699	109,882	99,301	88,011	51,257
Income Tax Expense	23,797	36,717	26,824	33,421	25,455	11,526
Earnings From Continuing Operations	83,341	131,982	83,058	65,880	62,556	39,730
Minority Interest in Earnings	53.99	36.99	104.14	67	147	145.78
Net Income	83,395	132,019	83,162	65,947	62,703	39,876
Net Income to Common	83,395	132,019	83,162	65,947	62,703	39,876
Net Income Growth	-41.94%	58.75%	26.10%	5.17%	57.25%	26.82%
Shares Outstanding (Basic)	7	7	7	7	7	7
Shares Outstanding (Diluted)	7	7	7	7	7	7
EPS (Basic)	12001.19	18998.55	11967.61	9490.28	9023.44	5738.46
EPS (Diluted)	12001.19	18998.55	11967.61	9490.00	9023.00	5738.00
EPS Growth	-41.94%	58.75%	26.11%	5.18%	57.25%	26.81%
Free Cash Flow	-	129,969	97,539	72,436	68,785	25,388
Free Cash Flow Per Share	-	18703.47	14036.64	10424.10	9898.69	3653.58
Gross Margin	36.22%	32.03%	41.21%	45.84%	41.12%	26.37%
Operating Margin	16.06%	20.88%	21.11%	23.71%	22.16%	13.52%
Profit Margin	16.66%	18.50%	18.29%	15.93%	15.45%	11.05%
Free Cash Flow Margin	-	18.22%	21.45%	17.50%	16.94%	7.03%
EBITDA	82,886	151,178	97,881	99,919	91,005	49,514
EBITDA Margin	16.56%	21.19%	21.52%	24.14%	22.42%	13.72%
D&A For EBITDA	2,520	2,245	1,879	1,782	1,066	710.97
EBIT	80,366	148,932	96,002	98,137	89,939	48,803
EBIT Margin	16.06%	20.88%	21.11%	23.71%	22.16%	13.52%
Effective Tax Rate	22.21%	21.76%	24.41%	33.66%	28.92%	22.49%
Revenue as Reported	516,652	725,516	463,618	413,938	405,953	360,967
Advertising Expenses	-	13,661	29,898	35,948	30,084	14,948

Source: S&P Capital IQ. Standard template. Financial Sources.