Gravity Co., Ltd. (GRVY)

Gravity Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	561,213	482,665	710,621	448,028	395,534	387,869
Other Revenue	-	-	2,822	6,750	18,404	18,084
Revenue	561,213	482,665	713,443	454,778	413,938	405,953
Revenue Growth (YoY)	12.13%	-32.35%	56.88%	9.87%	1.97%	12.46%
Cost of Revenue	371,014	306,903	484,958	267,365	224,173	239,045
Gross Profit	190,199	175,762	228,485	187,413	189,765	166,908
Selling, General & Admin	100,488	82,626	57,057	66,804	75,631	62,400
Research & Development	12,539	15,262	13,486	13,797	16,570	15,034
Amortization of Goodwill & Intangibles	1,747	1,747	1,340	1,155	-	-
Other Operating Expenses	3,774	3,290	2,898	6,678	-573	-465
Operating Expenses	123,376	107,753	79,552	91,411	91,628	76,969
Operating Income	66,823	68,009	148,932	96,002	98,137	89,939
Interest Expense	-	-135.38	-161.81	-126.83	-115	-186
Interest & Investment Income	57,195	60,179	23,565	13,341	1,383	1,088
Currency Exchange Gain (Loss)	4,040	4,040	-2,999	800.11	1,314	-1,259
Other Non Operating Income (Expenses)	-26,742	-24,170	878.61	325.99	-	-
EBT Excluding Unusual Items	101,315	107,922	170,216	110,342	100,719	89,582
Gain (Loss) on Sale of Assets	1.97	1.97	14.08	10.04	-50	-
Asset Writedown	-1,577	-1,577	-1,531	-470.15	-1,368	-1,571
Pretax Income	99,740	106,347	168,699	109,882	99,301	88,011
Income Tax Expense	21,493	21,445	36,717	26,824	33,421	25,455
Earnings From Continuing Operations	78,247	84,902	131,982	83,058	65,880	62,556
Minority Interest in Earnings	5.07	17.07	36.99	104.14	67	147
Net Income	78,252	84,919	132,019	83,162	65,947	62,703
Net Income to Common	78,252	84,919	132,019	83,162	65,947	62,703
Net Income Growth	-6.17%	-35.68%	58.75%	26.10%	5.17%	57.25%
Shares Outstanding (Basic)	7	7	7	7	7	7
Shares Outstanding (Diluted)	7	7	7	7	7	7
EPS (Basic)	11261.10	12220.54	18998.55	11967.61	9490.28	9023.44
EPS (Diluted)	11261.10	12220.54	18998.55	11967.61	9490.00	9023.00
EPS Growth	-6.17%	-35.68%	58.75%	26.11%	5.18%	57.25%
Free Cash Flow	-	77,941	129,969	97,539	72,436	68,785
Free Cash Flow Per Share	-	11216.34	18703.47	14036.65	10424.10	9898.69
Gross Margin	33.89%	36.41%	32.03%	41.21%	45.84%	41.12%
Operating Margin	11.91%	14.09%	20.88%	21.11%	23.71%	22.16%
Profit Margin	13.94%	17.59%	18.50%	18.29%	15.93%	15.45%
Free Cash Flow Margin	-	16.15%	18.22%	21.45%	17.50%	16.94%
EBITDA	72,358	72,690	152,474	97,881	99,919	91,005
EBITDA Margin	12.89%	15.06%	21.37%	21.52%	24.14%	22.42%
D&A For EBITDA	5,535	4,681	3,541	1,879	1,782	1,066
EBIT	66,823	68,009	148,932	96,002	98,137	89,939
EBIT Margin	11.91%	14.09%	20.88%	21.11%	23.71%	22.16%
Effective Tax Rate	21.55%	20.16%	21.77%	24.41%	33.66%	28.92%
Revenue as Reported	576,821	500,845	725,516	463,618	413,938	405,953
Advertising Expenses	-	38,731	13,661	29,898	35,948	30,084

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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