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GDEV Inc.

GDEVCommunication ServicesNASDAQ

Electronic Gaming & Multimedia · Last scanned Jun 1, 2026

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Financials · Annual
Revenue
$404.3M
-3.9% YoY
Net Income
$69.3M
+171.5% YoY
EBITDA
$81.6M
+124.1% YoY
Free Cash Flow
$18.9M

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About GDEV Inc.

Part of the communication services sector, GDEV Inc. (GDEV) is listed under Electronic Gaming & Multimedia. With a market capitalization of $261.5M, it sits in micro-cap territory. The company offers various games through mobile, social, and web-based platforms.

Key stats
Market Cap$261.5M
P/E (TTM)3.82
Fwd P/E10.67
EPS$3.77
Beta1.29
52W Change-7.0%
Analysis

With $113.0M in cash and $1.1M in debt, GDEV maintains more liquidity than leverage. This favorable balance sheet position can be an asset when capital markets become less accommodating. Annual free cash flow of $18.9M supports ongoing capital allocation decisions and provides a cushion against unexpected expenses or downturns. Return on assets of 17.6% further supports the picture of efficient asset utilization. Revenue has pulled back from $479.7M (2022) to $404.3M (2025), a 16% decline worth watching.

With cash comfortably exceeding debt, GDEV has financial flexibility that may help navigate uncertain periods. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence GDEV Inc.'s trajectory.

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