GDEV (GDEV) Financial Statements & Analysis

GDEV (GDEV) Income Statement

GDEV reported revenue of $404.35M in fiscal 2025 (fiscal year ended Dec 31, 2025), down 3.9% from $420.93M a year earlier. Net income was $69.33M, up 171.5% year over year, a net margin of 17.1%. Gross margin was 65.0% and operating margin 17.6%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $93.57M, down 22.0% from the same quarter a year earlier.

GDEV Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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GDEV Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2024	FY 2023	FY 2022	FY 2022	FY 2021	FY 2020	FY 2019
Period ending	Dec 2025	Mar 2025	Dec 2024	Dec 2023	Mar 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Revenue & Gross Profit
Revenue	404.35	420.93	420.93	464.55	479.69	479.69	434.09	260.89	93.81
Cost of Revenue	141.41	142.02	142.02	160.69	176.98	176.98	136.17	92.55	44.49
Gross Profit	262.93	278.92	278.92	303.86	302.71	302.71	297.92	168.34	49.32
Operating Expenses
Research & Development	0.00	0.00	-	0.00	0.00	-	0.00	0.00	0.00
Selling, General & Administrative	187.24	233.57	240.63	250.15	176.79	191.82	293.10	169.45	84.79
Operating Expenses	191.79	238.40	238.42	265.50	185.53	283.86	421.18	170.01	85.08
Operating Income	71.14	40.52	40.50	38.36	117.18	18.85	-123.26	-1.67	-35.76
Other Income/Expense
Interest Income	1.75	2.34	3.72	4.02	1.64	1.87	0.00	0.01	0.08
Interest Expense	0.08	0.21	-0.08	0.41	0.48	-0.12	-0.09	-0.05	0.17
Other Income/Expense	2.25	-10.48	-10.45	11.63	-106.01	-7.68	6.94	-0.18	0.24
Income
Income Before Tax	74.70	30.04	30.04	49.99	11.17	11.17	-116.32	0.11	-35.52
Income Tax Expense	5.37	4.51	4.51	3.88	3.76	3.76	1.13	0.86	0.01
Net Income	69.33	25.53	25.53	46.12	7.30	7.30	-117.46	-0.75	-35.53
Net Income - Continuous Operations	69.33	25.53	25.53	46.12	7.30	7.41	-117.44	-0.75	-35.53
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	81.63	36.43	45.05	56.68	18.55	89.12	4.72	-1.11	-35.47
EBIT	74.78	-	40.50	38.36	-	82.22	2.18	-1.67	-
Depreciation & Amortization	2.55	6.18	4.56	6.28	6.90	6.90	2.54	0.56	0.29
Earnings Per Share
Basic EPS	4.00	1.00	1.00	2.00	-	-	-6.00	-	-2.00
Diluted EPS	4.00	1.00	1.00	2.00	-	-	-6.00	-	-2.00
Basic Shares Outstanding	18.13	18.20	18.20	20.03	19.80	19.80	18.35	17.66	19.65
Diluted Shares Outstanding	18.40	18.44	18.44	20.03	19.80	19.80	18.35	17.66	19.65

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About GDEV Financial Statements

What was GDEV's revenue in fiscal 2025?

GDEV reported revenue of $404.35M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 3.9% from $420.93M a year earlier.

Is GDEV profitable?

Yes. GDEV earned net income of $69.33M in fiscal 2025, a net margin of 17.1%. In fiscal 2024 it earned $25.53M.

What is GDEV's operating margin?

GDEV's operating income was $71.14M on revenue of $404.35M in fiscal 2025, an operating margin of 17.6%, compared with 9.6% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition