Gravity Co., Ltd. (GRVY)

Gravity Co. Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	680,348	725,516	463,618	413,938	405,953	360,967
Revenue Growth (YoY)	26.00%	56.49%	12.00%	1.97%	12.46%	25.87%
Cost of Revenue	453,101	484,958	267,365	224,173	239,045	265,788
Gross Profit	227,247	240,558	196,253	189,765	166,908	95,179
Selling, General & Admin	68,542	66,066	77,614	75,631	62,400	36,873
Research & Development	14,165	13,486	13,797	16,570	15,034	9,503
Other Operating Expenses	0	639	134	845	1,106	140
Operating Expenses	82,707	80,191	91,545	93,046	78,540	46,516
Operating Income	144,540	160,367	104,708	96,719	88,368	48,663
Interest Expense / Income	13,050	14,935	10,779	2,686	3,833	1,594
Other Expense / Income	-23,462	-23,304	-16,057	-5,335	-3,623	-4,333
Pretax Income	154,952	168,736	109,986	99,368	88,158	51,402
Income Tax	32,533	36,717	26,824	33,421	25,455	11,526
Net Income	122,419	132,019	83,162	65,947	62,703	39,876
Net Income Growth	18.63%	58.75%	26.10%	5.17%	57.24%	26.82%
Shares Outstanding (Basic)	7	7	7	7	7	7
Shares Outstanding (Diluted)	7	7	7	7	7	7
EPS (Basic)	17617.00	18999.00	11968.00	9490.00	9023.00	5738.00
EPS (Diluted)	17617.00	18999.00	11968.00	9490.00	9023.00	5738.00
EPS Growth	18.63%	58.75%	26.11%	5.18%	57.25%	26.81%
Free Cash Flow	-	129,990	97,554	72,465	68,788	25,479
Free Cash Flow Per Share	-	18706.56	14038.77	10428.27	9899.12	3666.62
Gross Margin	33.40%	33.16%	42.33%	45.84%	41.12%	26.37%
Operating Margin	21.25%	22.10%	22.58%	23.37%	21.77%	13.48%
Profit Margin	17.99%	18.20%	17.94%	15.93%	15.45%	11.05%
Free Cash Flow Margin	-	17.92%	21.04%	17.51%	16.94%	7.06%
Effective Tax Rate	21.00%	21.76%	24.39%	33.63%	28.87%	22.42%
EBITDA	-	183,671	120,765	102,054	91,991	52,996
EBITDA Margin	-	25.32%	26.05%	24.65%	22.66%	14.68%
EBIT	168,002	183,671	120,765	102,054	91,991	52,996
EBIT Margin	24.69%	25.32%	26.05%	24.65%	22.66%	14.68%

Source: Financials are provided by Nasdaq Data Link and sourced from audited reports submitted to the Securities and Exchange Commission (SEC).