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GRAVITY Co., Ltd.

GRVY Communication Services Electronic Gaming & Multimedia

GRAVITY Co., Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $392.4 million, up 11.9% from fiscal 2024.

Revenue
−17.1%
EPS
+60.3%
Free cash flow
+3,467.8%

Quarter to June 2026, against a year earlier

66.57 1.89 −2.76%
Market cap
$462.0M
P/E
8.0×
Fwd P/E
—
Dividend yield
—
F-score
7/9
Altman Z
6.44
Beneish M
−2.51
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 0.13%

Capital & Financial Ratios $m

Size
Market Cap 462.04
Revenue ttm 386.79
Net income ttm 47.12
Free cash flow ttm 88.96
Net debt Q (422.71)
Valuation
P/E 7.97
Forward P/E —
Price / sales 1.20
Forward P/S Powerpack
Price / FCF 5.20
Price / book 1.02
Financial health
Current ratio Q 7.20 (at or above 1.5: strong)
Debt / equity Q 0.00 (at or below 0.5: strong)
Interest coverage Q 27.96
Growth
Revenue growth Q −17.14% (below 0%: shrinking)
Operating income growth Q +22.55% (above 0%: growing)
EPS, this year —
EPS, next year A —
Revenue, next year A —
EPS, past 5 yrs −2.56% (below 0%: weak)
EPS, next 5 yrs A —

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.1×, against a ten-year median of 0.4×; over the ten years it ranged from −0.7× in 2016 to 3.6× in 2017.
P/E against its own 10 years 52.36%
10-year low 10-year high
P/S against its own 10 years 61.79%
10-year low 10-year high
P/B against its own 10 years 16.24%
10-year low 10-year high
EV/Sales against its own 10 years 10.50%
10-year low 10-year high
EV/FCF against its own 10 years 22.02%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 373 392 436 423
Receivables 60 58 41 50
Inventory — — — —
Other 3 2 2 1
438 458 489 490
2023 2024 2025 Q'26
Payables 49 48 43 43
ST’ Debt — — — —
Other 6 3 4 4
85 76 67 68

Compound Annual Growth %

10y 5y 3y
Sales 29.11% 3.86% 6.53%
Cash Flow 0.00% (0.96%) (8.18%)
Earnings 0.00% (1.20%) (6.70%)
Book Value 33.06% 25.75% 24.51%

EPS $

Mar Jun Sep Dec Year
’26 2.78 2.26 — — —
’25 2.15 1.41 2.04 1.27 6.72
’24 2.87 1.31 2.45 2.33 8.55
’23 4.03 4.92 3.09 3.29 14.55
’22 1.95 1.93 1.62 3.52 9.26
’21 3.01 1.88 3.20 0.65 8.29
’20 1.09 1.57 3.10 1.34 7.65
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 106 105 — — —
’25 90 126 99 77 392
’24 81 89 98 82 351
’23 122 181 131 146 580
’22 68 74 72 111 325
’21 87 74 109 103 373
’20 65 74 113 73 325
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 — — — — —
’25 — — — 53 53
’24 — — — 55 55
’23 — — — — 106
’22 — — — — 69
’21 — — — — 67
’20 — — — — 56
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 — — — — —
’25 — — — 53 49
’24 — — — 55 52
’23 — — — (2) 101
’22 — — — (1) 67
’21 — — — (2) 63
’20 — — — (1) 53
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 43 127 258 289 325 373 325 580 351 392 387 +27.9% — — — —
Gross margin, % 41.64 33.46 26.76 26.37 41.12 45.84 42.33 33.16 38.72 35.02 33.70 (6.6) pt
EBT 3 13 31 41 70 89 77 135 74 64 77 +41.3%
EBT margin, % 6.65 10.21 12.01 14.20 21.68 23.99 23.70 23.25 21.23 16.22 19.98 +9.6 pt
Net income 0 12 28 32 50 59 58 106 59 47 47 +89.7%
Per share, $
Per share, $ Revenue 6.14 18.34 74.29 41.56 46.74 53.61 46.70 83.53 50.45 56.47 55.66 +27.9%
Earnings 0.03 1.80 8.13 4.88 7.65 8.29 9.26 14.55 8.55 6.72 8.35 +82.4%
Cash flow 0.29 3.39 9.32 3.04 8.04 9.61 9.90 15.25 7.91 7.67 0.00 +43.9%
Capex (0.02) (0.27) (0.56) (0.26) (0.43) (0.54) (0.28) (0.67) (0.48) (0.64) 0.00 +47.1%
Free cash flow 0.27 3.12 8.75 2.78 7.62 9.07 9.62 14.58 7.43 7.03 0.00 +43.6%
Book value 3.60 5.70 19.57 13.33 20.42 31.97 33.26 53.39 57.25 64.21 65.07 +37.7%
Shares, m 7 7 3 7 7 7 7 7 7 7 7 0.0%
Valuation, ×
Valuation, × P/E 266.00 26.79 15.20 7.78 25.47 7.79 4.65 4.37 7.04 8.42 7.97 37.4
P/S 0.87 2.64 1.62 0.90 3.87 1.27 0.90 0.80 1.25 1.02 1.20 1.5
P/B 1.40 8.51 5.36 2.74 7.98 2.75 1.19 1.35 1.14 0.98 1.02 3.3
EV/Sales 0.07 2.21 1.29 0.56 3.37 0.81 0.12 0.21 0.17 0.00 0.10 0.9
EV/FCF 0.08 14.70 12.13 4.11 10.95 1.92 0.19 0.42 0.21 0.00 0.45 4.5
Cash, $m
Cash, $m Operating cash flow 2 24 32 21 56 67 69 106 55 53 103 +43.9%
Capex 0 (2) (2) (2) (3) (4) (2) (5) (3) (4) (14) +47.1%
Free cash flow 2 22 30 19 53 63 67 101 52 49 89 +43.6%
Balance, $m
Balance, $m Working capital 27 40 60 80 131 209 221 352 381 422 422 +35.6%
Net debt (32) (55) (86) (95) (146) (223) (238) (373) (392) (436) (423) +33.6%
Shareholders’ equity 25 40 68 93 142 222 231 371 398 446 452 +37.7%
Returns, %
Returns, % ROA 0.49 15.97 21.76 21.61 28.45 23.41 19.20 27.31 12.61 9.44 10.94 +9.0 pt
ROIC 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 623.50 335.92 130.48 +335.9 pt
ROE 0.82 37.11 52.60 39.86 42.78 32.61 25.65 35.08 15.46 11.19 12.99 +10.4 pt
People
People Employees 228 243 249 284 324 377 400 437 464 499 — +9.1%
Revenue/emp, $m 0.19 0.52 1.04 1.02 1.00 0.99 0.81 1.33 0.76 0.79 — +17.3%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 25 Oct 2026

GRAVITY Co., Ltd. vs peers in Electronic Gaming & Multimedia (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
PLTK Playtika Holding Corp. $881.1M — (loss-making) 5.0× −0.12% (below 0%: shrinking) 0.00% +65.31% (above 0%: growing) 74.03% 17.25% Compare
DDI DoubleDown Interactive Co., Ltd. Sponsored ADR $675.4M 5.4× 5.2× +11.17% (above 0%: growing) +50.00% (above 0%: growing) +24.80% (above 0%: growing) 75.54% 38.72% Compare
GRVY GRAVITY Co., Ltd. $462.0M 8.0× — −17.14% (below 0%: shrinking) +60.28% (above 0%: growing) +3,467.78% (above 0%: growing) 32.33% 17.04%
SOHU Sohu.com Inc. $355.1M 1.6× — (loss-making) +7.34% (above 0%: growing) n/m +65.84% (above 0%: growing) 78.64% (13.50%) Compare
FIRY Firy Inc. $178.7M — (loss-making) — (loss-making) +22.92% (above 0%: growing) n/m +15.94% (above 0%: growing) 87.38% (69.59%) Compare
GDEV GDEV Inc. $159.0M 2.2× 2.0× −18.54% (below 0%: shrinking) +1,000.00% (above 0%: growing) +4,744.48% (above 0%: growing) 84.44% 21.72% Compare
GCL GCL Global Holdings Ltd. $130.6M — (loss-making) — — −66.67% (below 0%: shrinking) −1,222.35% (below 0%: shrinking) — — Compare
CTW CTW Cayman $100.7M — — — — −216.27% (below 0%: shrinking) — — Compare
MYPS PLAYSTUDIOS, Inc. $56.2M — (loss-making) — (loss-making) −15.14% (below 0%: shrinking) n/m +281.63% (above 0%: growing) 81.23% (40.41%) Compare
Median of peers $168.9M 2.2× 5.0× +3.61% +25.00% +45.06% 79.94% 1.87%

All 22 Electronic Gaming & Multimedia stocks →

GRAVITY Co., Ltd. (GRVY) Latest News

7 Aug

Impact 4 ·
Impact 3 · · InvestorsHub

28 Jul

Impact 4 ·

24 Jul

Impact 4 ·

17 Jul

Impact 4 ·

16 Jul

Impact 4 ·

4 Jun

Impact 4 · · GlobeNewswire

22 May

Impact 3 · · PR Newswire

8 May

Impact 3 · · GlobeNewswire

5 Apr

Impact 4 · · Benzinga

26 Mar

Impact 4 · · GlobeNewswire

5 Mar

Impact 4 · · PR Newswire

13 Feb

Impact 4 · · GlobeNewswire

10 Feb

Impact 4 · · GlobeNewswire

25 Jan

Impact 3 · · Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.

16 Jan

Impact 4 · · GlobeNewswire

14 Jan

Impact 4 · · GlobeNewswire

29 Dec

Impact 3 · · Simply Wall St.

26 Dec

Impact 4 · · GlobeNewswire

7 Nov

Impact 4 · · GlobeNewswireGuruFocus.comZacksGuruFocus.comGuruFocus.comMT NewswiresZacksZacks

3 Nov

Impact 4 · · GlobeNewswire

28 Oct

Impact 3 · · Simply Wall St.

27 Oct

Impact 4 ·

23 Oct

Impact 4 · · GlobeNewswire

1 Oct

Impact 3 · · Simply Wall St.

26 Sep

Impact 4 · · GlobeNewswire

25 Sep

Impact 4 · · GlobeNewswireMT NewswiresGuruFocus.comEngadgetCoinDeskEngadgetEngadgetBusiness Wire Videos

4 Sep

Impact 4 · · GlobeNewswire

20 Aug

Impact 4 ·

17 Aug

Impact 3 · · Simply Wall St.
stockrow.com/GRVY · Data as of Oct 25, 2026 · For information only; not investment advice. · © 2026 stockrow.com