GDEV Inc. GDEV

10.90 0.00 0.00% as of 25 Sep
Market cap
$198.1M
P/E
2.7×

Insider Decisions

Total sells 0.14
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — 1 — — —
Insider Ownership 88.71%

Capital & Financial Ratios

Market Cap 198.12
Revenue 440.60
Net Income 68.24
Free Cash Flow 30.21
Net Debt (121.49)
Current Ratio 0.75
Debt/Equity 0.00
P/E ratio 2.70
P/S ratio 0.45
P/B ratio 0.00
Past 5Y EPS Growth —
This Y EPS Growth 25.48%
Next Y EPS Growth 13.76%
Next 5Y EPS Growth (9.96%)
in millions of $

Dividends

Payout Ratio 0.00
Annual Dividend Rate —
Annual Dividend Yield —

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 156 135 108 121
Receivables 52 42 45 43
Inventory — — — —
Other 2 2 2 1
214 180 155 166
2023 2024 2025 Q'26
Payables 30 20 25 28
ST’ Debt — — — —
Other 30 16 16 16
303 263 232 221
in millions of $

Compound Annual Growth

10y 5y 3y
Sales — 9.16% (5.54%)
Cash Flow — (24.57%) (36.70%)
Earnings — 0.00% 111.74%
Book Value — 0.00% 0.00%

Revenue

Mar Jun Sep Dec Year
’26 — 94 — — —
’25 — 120 — — 404
’24 — 106 — — 421
’23 119 115 121 — 465
’22 126 126 128 100 480
’21 87 110 115 123 434
’20 — 63 65 — 261
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 — 15 — — —
’25 — (4) — — 29
’24 — 12 — — 29
’23 (12) 0 8 — 18
’22 18 21 60 17 116
’21 18 (7) 51 44 106
’20 — 47 32 — 121
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 — 15 — — —
’25 — (4) — — 29
’24 — 12 — — 28
’23 (12) 0 8 — 17
’22 18 21 59 17 115
’21 18 (8) 51 43 104
’20 — 47 32 — 120
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 — 1.08 — — —
’25 — 0.90 — — 3.77
’24 — 0.81 — — 1.38
’23 (0.04) 0.10 1.20 — 2.30
’22 1.20 1.50 1.60 (3.90) 0.40
’21 (0.67) (10.00k) (5.60) 1.24 (6.40)
’20 — 5.20k (0.63) — (0.04)
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
— — — — 92.50 64.00 62.00 19.00 18.19 8.60

Analyst estimates 2026–2028

Powerpack
Low Price
— — — — 106.50 132.50 90.00 85.00 42.76 42.20
High Price
— — — 1 1 809 1,044 726 589 475
Employees
— — — 94 261 1 0 1 1 1
Revenue/Emp
— — — 94 261 434 480 465 421 404
Revenue
— — — 83.24% 93.33% 95.64% 90.82% 88.03% 87.94% 85.97%
Gross Margin
— — — (36) 0 (116) 11 50 30 75
EBT
— — — (37.86%) 0.04% (26.80%) 2.33% 10.76% 7.14% 18.47%
EBT Margin
— 0 — (36) (1) (117) 7 46 26 69
Net Income
— — — 0 1 3 7 6 6 7
Depreciation
— — — 5.31 14.77 23.65 24.23 23.53 23.12 22.30
Revenue/Sh
— — — (2.01) (0.04) (6.40) 0.40 2.30 1.40 3.82
Earnings/Sh
— — — 0.85 6.83 5.75 5.86 0.91 1.57 1.62
Cash Flow/Sh
— — — (0.01) (0.01) (0.08) (0.05) (0.04) (0.02) (0.02)
Capex/Sh
— — — 0.84 6.82 5.67 5.81 0.87 1.54 1.61
Free CF/Sh
— — — 0.00 (5.77) (8.78) (7.51) (5.06) (5.58) (4.99)
Book Value/Sh
— — — 18 18 18 20 20 18 18
Shares
— — — 0.00 0.00 0.00 159.50 0.00 9.34 4.95
PE Ratio
— — — 0.00 0.00 3.41 2.63 0.96 0.76 0.59
PS Ratio
— — — 342.57 0.00 0.00 0.00 0.00 0.00 0.00
PB Ratio
— — — 0.00 0.00 3.08 2.35 0.62 0.47 0.35
EV/Sales
— — — 0.00 0.00 12.84 9.79 22.67 28.95 10.76
EV/FCF
— — — 15 121 106 116 18 29 29
Op' Cash Flow
— — — 0 0 (1) (1) (1) 0 0
Capex
— — — 15 120 104 115 17 28 29
FCF
— — — — (113) (132) (144) (89) (84) (77)
Working Cap'
— — — — 0 1 1 — — —
Total Debt
— — — — (85) (142) (136) (156) (135) (108)
Net Debt
— — — 0 (102) (161) (149) (100) (102) (91)
Sh' Equity
— — — 0.00% (0.71%) (44.78%) 2.30% 14.35% 8.62% 27.44%
ROA
— — — 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
ROIC
— — — 0.00% 0.00% 89.33% (4.71%) (37.10%) (25.36%) (72.18%)
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

GDEV Inc. peers in Electronic Gaming & Multimedia

All 23 Electronic Gaming & Multimedia stocks →

GDEV Inc. (GDEV) key facts

  • GDEV Inc. (GDEV) is an Electronic Gaming & Multimedia company in the Communication Services sector, listed on Nasdaq.
  • GDEV Inc.’s revenue for fiscal 2025 (year ended December 2025) was $404.3 million, down 3.94% from fiscal 2024.
  • As of September 25, 2026, GDEV traded at $10.90, a market capitalization of $198.1 million.
  • Return on equity was −72.2% and debt-to-equity 0.00.

Source: company filings (standardised) and stockrow calculations.

GDEV Inc. (GDEV) Latest News

News by impact score

Fine-tune

19 Sep

3

GDEV Inc. has improved operating cash flow through marketing discipline. Cash flow gains support GDEV financial stability and operations without major strategic shifts.

31 Aug

3

GDEV launches self-tender offer to repurchase up to 1,813,236 ordinary shares for $20,000,000 cash at $11.03 per share. Share buyback of this size may lift earnings per share and short-term stock sentiment via reduced float.

21 Aug

3

GDEV Inc. released financial results for the second quarter and first half of 2026. Quarterly results release supplies updated financial metrics that can shift near-term investor views and share price.

4 Aug

3

GDEV Inc. management closed a corporate credit facility with Liberty Mutual Investments for Telyon. Credit facility closure improves liquidity for Telyon without shifting core operations or strategy.

19 May

3

GDEV Inc. reported financial results for the first quarter of 2026. Quarterly results release can move GDEV stock price and short-term sentiment.

26 Mar

4

GDEV Inc. (GDEV) receives rating upgrade to Strong Buy from analysts, highlighting positive outlook on its performance and growth potential. Analyst upgrade to Strong Buy enhances investor sentiment and could significantly boost stock price and market performance.

19 Mar

4

GDEV management announces sale of Revolv to fleet electrification provider Zenobē. Sale of Revolv constitutes a major strategic divestiture reshaping GDEV's business focus and financial position.

18 Mar

4

GDEV Founder, Chairman, and CEO Andrey Fadeev increased his ownership stake to 37%. CEO Andrey Fadeev's ownership increase to 37% signals strong confidence in GDEV's future, likely enhancing investor sentiment and supporting positive market performance.

5 Mar

4

GDEV Inc. announces preliminary, unaudited financial results for the fourth quarter and full twelve months of 2025. Preliminary annual financial results signal key performance metrics that significantly influence stock valuation and investor sentiment.

22 Dec

3

Individual investors hold 30% of GDEV Inc. (NASDAQ:GDEV) shares, while private companies control 41% of the company's ownership. This distribution highlights the significant influence of private entities over the company's decision-making and strategic direction. The ownership structure may moderately influence GDEV's strategic decisions and investor sentiment.

24 Nov

4

GDEV Inc. reported its financial results for the third quarter and the first nine months of 2025, highlighting significant revenue growth and improved profitability metrics compared to the previous year. The company attributed its success to strong performance in key gaming segments and successful product launches. Management expressed optimism about future growth prospects and ongoing investments in technology and innovation. Strong revenue growth and improved profitability indicate a significant positive shift in the company's performance and future outlook.

11 Nov

3

GDEV Inc. (NASDAQ:GDEV) is under scrutiny as investors weigh the potential for buying shares. The company's recent performance and market conditions are being analyzed to determine if it is a favorable time for investment. Factors influencing this decision include financial metrics, competitive positioning, and broader market trends. Current market conditions and company performance suggest a moderate influence on GDEV's financial trajectory.

6 Nov

3

Playtika Holding (PLTK) reported better-than-expected earnings and revenue for Q3, surpassing analysts' estimates. The company's strong performance was driven by increased user engagement and successful game launches. Playtika's focus on innovative gaming experiences and strategic marketing initiatives contributed to its growth. The positive results have bolstered investor confidence and may influence market sentiment towards similar companies in the gaming sector. Playtika's strong earnings may moderately influence market sentiment and competitive positioning within the gaming industry.

28 Oct

3

Consumer discretionary stocks, including GDEV Inc. (GDEV), are facing challenges this year as market dynamics shift. Analysts are observing a lag in performance compared to other sectors, raising concerns about consumer spending and economic conditions. GDEV's position within this category may be affected by broader trends, impacting investor sentiment and future growth prospects. Consumer discretionary stocks are experiencing noticeable challenges that could moderately influence GDEV's market performance.

9 Oct

3

Consumer discretionary stocks, including GDEV Inc. (GDEV), are facing challenges this year as market dynamics shift. Analysts are observing a lag in performance compared to other sectors, raising concerns about consumer spending and economic conditions. GDEV's position within this sector may be influenced by broader trends affecting consumer discretionary companies, potentially impacting its market performance and investor sentiment. The performance of consumer discretionary stocks, including GDEV, is expected to moderately influence the company's financial performance and market positioning.

30 Sep

3

GDEV Inc. (GDEV) is being evaluated for its potential inclusion on investor watchlists due to its recent performance and market position. Analysts are considering various factors, including financial metrics and industry trends, to determine if GDEV represents a viable investment opportunity. The company's strategic initiatives and market dynamics are also under scrutiny as investors seek to understand its future trajectory. GDEV's performance and strategic initiatives may moderately influence its financial outlook and market positioning.

23 Sep

4

GDEV Inc. (GDEV) has shown strong performance this year, outpacing many of its peers in the consumer discretionary sector. The company's stock has benefited from positive market trends and strategic initiatives, leading to increased investor interest. Analysts are optimistic about GDEV's growth potential, citing its innovative product offerings and effective marketing strategies as key drivers. Comparisons with competitors indicate that GDEV is well-positioned to maintain its momentum in the coming months. GDEV's strong performance and strategic initiatives are likely to significantly influence its future market position and investor sentiment.

22 Sep

3

GDEV Inc. (GDEV) experienced a significant increase of 26.2% in its stock price, raising questions about the sustainability of this upward momentum. Analysts are evaluating the factors contributing to this surge and whether it reflects a lasting trend or a temporary spike. Market sentiment appears to be shifting, and investors are closely monitoring GDEV's performance in the coming weeks to determine if this growth can be maintained. The stock price increase indicates a moderately noticeable influence on market sentiment and potential financial performance.

3 Sep

4

GDEV Inc. (NASDAQ:GDEV) is reportedly undervalued by approximately 34%, according to analysts who suggest that the company's current stock price does not reflect its potential growth and earnings capabilities. Investors are encouraged to consider the company's fundamentals and market position, which may indicate a significant upside in the stock's value. The analysis highlights the disconnect between market perception and the company's actual performance metrics, suggesting a potential opportunity for investors. The significant undervaluation indicates a potential shift in investor sentiment and market dynamics that could alter GDEV's trajectory.

2 Sep

4

GDEV Inc. reported its financial results for the second quarter and first half of 2025, highlighting significant revenue growth and improved profitability metrics. The company attributed its success to strong demand for its gaming products and successful marketing strategies. Additionally, GDEV announced plans for new game releases and expansions into emerging markets, which are expected to drive future growth. Overall, the results exceeded market expectations, leading to positive investor sentiment. Strong revenue growth and new game releases indicate significant future potential for GDEV's market performance.

4

GDEV Inc. has strengthened its strategic partnership with Royal Ark, coinciding with the success of its game, Zombie Miner, which has reached the top position in its genre. This collaboration is expected to enhance GDEV's market presence and drive further growth in the gaming sector. The partnership and the game's success are likely to significantly impact GDEV's market position and future performance.

27 Aug

4

GDEV Inc. has announced over $200 million in capital commitments for Fund II, aimed at scaling distributed energy platforms across North America. This funding is expected to enhance the company's capabilities in the energy sector, supporting its growth strategy and expanding its market presence. The significant capital commitments indicate a major strategic move that could enhance GDEV's competitive positioning in the energy market.

5 Aug

4

GDEV Inc. has acquired Light Hour Games to enhance its portfolio in the mobile casual gaming sector. This strategic move aims to leverage Light Hour's expertise and innovative game designs, positioning GDEV to better compete in the growing mobile gaming market. The acquisition reflects GDEV's commitment to expanding its offerings and tapping into new audiences. The acquisition is a significant strategic move that could enhance GDEV's competitive positioning and market presence in mobile gaming.

24 Jul

3

GDEV Inc. (NASDAQ:GDEV) announced a one-time special cash dividend of $3.31 per share, totaling around $60 million, approved by its Board of Directors on February 21. This payout represents a roughly 20% yield based on the average share price over the previous 30 trading days and will be funded from the company's accumulated profits. GDEV's cash holdings were approximately $153 million as of Q3 2024. While GDEV shows investment potential, some analysts suggest that certain AI stocks may offer better upside and lower risk. The special dividend reflects GDEV's financial health and may positively influence investor sentiment, but its overall impact on the company's trajectory is expected to be limited.

1 Jul

3

GDEV Inc. (NASDAQ:GDEV) has 41% of its ownership held by private companies, while individual investors account for 30%. The two largest shareholders, Everix Investments Limited and Andrey Fadeev, control 63% of the company. Insiders own 28%, indicating alignment with shareholders. The lack of institutional ownership suggests potential concerns about the company's performance or liquidity. GDEV's earnings and revenue track record may not attract institutional investors, and there is limited analyst coverage. Overall, the ownership structure indicates significant influence from a small group of shareholders. The concentrated ownership structure may affect GDEV's strategic decisions and investor sentiment.

23 Jun

3

GDEV Inc. has announced a change in leadership, with a new CEO taking over the role effective immediately. The company aims to enhance its strategic direction and operational efficiency under the new leadership. This transition is expected to bring fresh perspectives and drive growth initiatives moving forward. Leadership changes can moderately influence company performance and strategic direction.

16 May

4

GDEV Inc. reported its financial results for the first quarter of 2025, highlighting significant revenue growth and increased user engagement across its gaming platforms. The company attributed its success to new game releases and enhanced marketing strategies. Management expressed optimism about future performance, citing ongoing investments in technology and talent acquisition. The results exceeded analyst expectations, leading to a positive outlook for the remainder of the year. Significant revenue growth and positive management outlook indicate a strong potential for future performance.

6 May

4

GDEV Inc. announces the development of Pixel Gun 2, a cross-platform sequel to Pixel Gun 3D, set to launch in early 2026 on iOS, Android, and Steam, with console versions to follow. The game aims to enhance the franchise's pixel-art style while introducing next-generation shooter mechanics and full cross-platform play. Pixel Gun 3D, which has over 300 million installs and 3 million monthly active users, will continue to receive updates. GDEV's CEO emphasizes the commitment to accessibility and community engagement in the gaming experience. The launch of Pixel Gun 2 represents a significant strategic move that could enhance GDEV's market position and investor sentiment.

16 Apr

3

GDEV Inc. (NASDAQ:GDEV) has experienced a decline in earnings over the past year, leading to a decrease in investment value for shareholders. This downward trend raises concerns about the company's financial health and future performance. Earnings decline may moderately affect investor sentiment and financial performance.

31 Mar

3

GDEV Inc. reported its fourth quarter and full year 2024 results, revealing a 12% quarter-over-quarter and 11% year-over-year revenue decline to $98 million. Selling and marketing expenses decreased by 14% year-over-year, while adjusted EBITDA rose 22% to $12 million. Profit for the period fell to $2 million from $11 million in Q4 2023, impacted by increased finance expenses and losses from equity-accounted associates. Bookings also declined by 11% year-over-year to $94 million, with a notable drop in monthly paying users. Despite challenges, European market expansion showed positive results, increasing regional bookings share to 32%. GDEV maintains a strong cash position of $1,512 million, supporting future investments. Revenue and profit declines indicate challenges, but European expansion and increased adjusted EBITDA suggest moderate positive influences.

stockrow.com/GDEV · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com