How much debt does GDEV have?

GDEV had total debt of $1.09M as of Dec 31, 2025, against $112.96M in cash and short-term investments. Total debt was $1.30M a year earlier.

What are GDEV's total assets?

GDEV reported total assets of $233.11M as of Dec 31, 2025, down 14.4% from $272.20M a year earlier. Total liabilities were $323.68M.

What is GDEV's shareholders' equity?

GDEV's shareholders' equity was negative at −$90.56M as of Dec 31, 2025, so its liabilities exceeded its assets.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry.

GDEV (GDEV) Balance Sheet: Assets & Liabilities

GDEV Balance Sheet Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for GDEV Inc. (GDEV) - 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
Current Assets
Cash and Cash Equivalents	62.91	111.05	111.05	71.80	86.77	86.77	142.80	84.56	17.57
Short-Term Investments	44.90	23.76	23.76	84.24	50.37	50.37	2.46	2.05	0.91
Cash & Short-Term Investments	112.96	134.81	134.81	156.03	137.14	137.14	145.26	86.60	18.48
Accounts Receivable	43.52	38.08	32.89	48.80	42.90	41.87	45.09	30.94	23.77
Inventory	0.00	0.00	-	3.25	0.00	-	0.00	0.00	0.00
Other Current Assets	3.21	6.71	2.23	5.79	8.83	2.51	3.26	3.14	0.63
Total Current Assets	155.05	179.60	179.60	213.88	188.87	188.87	191.15	120.68	42.88
Non-Current Assets
Property, Plant & Equipment (Net)	1.94	2.91	2.91	4.07	2.25	2.25	3.40	1.22	0.13
Long-Term Investments	18.66	16.12	16.12	18.07	17.90	17.90	0.00	0.00	0.00
Goodwill	1.84	1.84	1.84	1.84	1.84	1.84	1.50	0.00	0.00
Intangible Assets	0.65	4.42	4.42	8.48	12.98	12.98	0.27	0.08	0.34
Other Non-Current Assets	54.98	67.22	0.11	74.10	98.11	0.11	116.67	89.59	37.12
Total Non-Current Assets	78.06	92.60	92.60	106.68	133.18	133.18	121.83	90.88	37.59
Total Assets	233.11	272.20	272.20	320.55	322.04	322.04	312.98	211.55	80.47
Current Liabilities
Accounts Payable	25.14	12.95	12.95	21.71	22.30	22.30	26.57	9.79	13.01
Short-Term Debt	0.78	1.28	-	1.46	0.74	-	0.83	0.05	4.03
Current Portion of Long-Term Debt	-	-	-	-	-	-	-	0.05	-
Accrued Liabilities	8.38	-	3.84	7.69	-	4.50	9.95	3.52	-
Deferred Revenue	188.14	222.69	222.69	234.18	295.55	295.55	294.61	215.56	1.17
Other Current Liabilities	17.84	22.99	15.00	38.50	8.36	5.59	0.81	3.91	87.81
Total Current Liabilities	231.89	263.45	263.45	302.76	332.40	332.40	322.83	233.42	106.02
Non-Current Liabilities
Long-Term Debt	0.31	0.02	0.02	0.98	0.44	0.44	1.10	0.82	0.07
Deferred Tax Liabilities	0.00	0.00	-	0.00	0.00	-	0.00	-79.22	0.00
Other Non-Current Liabilities	91.48	0.37	110.26	1.28	41.09	0.58	150.10	79.22	22.95
Total Non-Current Liabilities	91.79	110.27	110.27	117.61	138.42	138.42	151.21	80.04	23.02
Total Liabilities	323.68	373.73	373.73	420.37	470.82	470.82	474.03	313.46	129.04
Stockholders' Equity
Common Stock	0.00	0.00	-	0.00	0.00	-	0.00	0.03	0.03
Retained Earnings	-239.22	-248.55	-248.55	-274.08	-320.19	-320.19	-327.50	-114.02	-56.70
Accumulated Other Comprehensive Income	7.05	5.89	5.89	148.74	3.49	3.49	0.04	12.08	8.11
Treasury Stock	33.10	-	33.10	-	-	-	-	-	-
Additional Paid-in Capital	141.60	141.13	29.83	25.53	167.93	23.69	25.88	0.00	0.00
Minority Interest	0.00	0.00	-	0.00	0.00	-	0.04	0.00	0.00
Shares Outstanding	18.15	-	18.11	19.76	-	19.71	19.65	-	-
Total Stockholders' Equity	-90.56	-101.53	-101.53	-99.81	-148.78	-148.78	-161.05	-101.91	-48.57
Total Liabilities & Equity	233.11	272.20	272.20	320.55	322.04	322.04	312.98	211.55	80.47

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

GDEV Balance Sheet Analysis

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