The company maintains a fortress balance sheet with a minimal debt-to-equity ratio of 0.04 and a current ratio of 8.20 as of 2026Q1.
| Total Current Assets | 565.06M | 527.44M | 453.24M | 316.4M | 312.88M | 270.75M | 90.51M | 65.86M | 49.87M |
| Cash & Short-Term Investments | 533.5M | 489.91M | 414.85M | 274.99M | 285.24M | 242.06M | 63.19M | 42.42M | 30.96M |
| Cash Only | 432.92M | 388.79M | 334.85M | 206.91M | 217.35M | 242.06M | 63.19M | 42.42M | 30.96M |
| Short-Term Investments | 100.58M | 101.12M | 80M | 67.83M | 67.89M | 0 | 0 | 0 | 0 |
| Accounts Receivable | 28.2M | 32.01M | 30.78M | 32.36M | 21.2M | 21.88M | 23.3M | 19.81M | 16.09M |
| Days Sales Outstanding | 30.69 | 32.44 | 32.91 | 38.24 | 24.1 | 21.98 | 23.73 | 26.43 | 22.01 |
| Inventory | 0 | 0 | 0 | 248.35K | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | 0.91 | - | - | - | - | - |
| Other Current Assets | 3.36M | 5.52M | 7.61M | 2.16M | 6.44M | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 509.39M | 512.84M | 452.92M | 524.64M | 479.13M | 699.16M | 716.32M | 749.54M | 770.44M |
| Property, Plant & Equipment | 6.02M | 5.36M | 5.33M | 7.53M | 4.29M | 7.32M | 10.36M | 12.76M | 499K |
| Fixed Asset Turnover | 67.16x | 67.24x | 64.00x | 41.03x | 74.76x | 49.60x | 34.58x | 21.44x | 534.83x |
| Goodwill | 425.63M | 426.55M | 395.8M | 396.7M | 379.07M | 633.97M | 633.97M | 633.97M | 633.97M |
| Intangible Assets | 76.71M | 79.85M | 47.67M | 51.57M | 35.05M | 53.68M | 71.36M | 102.7M | 135.8M |
| Long-Term Investments | 0 | 0 | 0 | 1.28M | 1.4M | 1.48M | 0 | 0 | -6.4M |
| Other Non-Current Assets | 1.02M | 905.77K | 746K | 47.33M | 67.98K | 100.38K | 71K | 113K | 176K |
| Total Assets | 1.07B | 1.04B | 906.16M | 803.34M | 792.05M | 969.92M | 806.83M | 815.4M | 820.32M |
| Asset Turnover | 0.36x | 0.35x | 0.38x | 0.38x | 0.41x | 0.37x | 0.44x | 0.34x | 0.33x |
| Asset Growth % | 58.37% | 14.8% | 12.8% | 1.43% | -18.34% | 20.21% | -1.05% | -0.6% | - |
| Total Current Liabilities | 68.94M | 68.13M | 23.38M | 68.5M | 116.48M | 20.8M | 25.65M | 50.49M | 142.6M |
| Accounts Payable | 23.41M | 24.56M | 2.89M | 13.29M | 13.83M | 14.75M | 16.65M | 10.91M | 14.3M |
| Days Payables Outstanding | 85.07 | 88.21 | 10.18 | 48.93 | 46.18 | 42.53 | 48.12 | 39.99 | 50.15 |
| Short-Term Debt | 35.01M | 36.28M | 0 | 38.78M | 0 | 0 | 0 | 34.55M | 123.42M |
| Deferred Revenue (Current) | 6.48M | 1.86M | 1.75M | 2.52M | 2.43M | 2.25M | 2.42M | 1.8M | 1.92M |
| Other Current Liabilities | 1.31M | 1.76M | 0 | 10.64M | 97.18M | 730K | 717K | 261K | 1.2M |
| Current Ratio | 8.20x | 7.74x | 19.38x | 4.62x | 2.69x | 13.01x | 3.53x | 1.30x | 0.35x |
| Quick Ratio | 8.20x | 7.74x | 19.38x | 4.62x | 2.69x | 13.01x | 3.53x | 1.30x | 0.35x |
| Cash Conversion Cycle | -54.38 | - | - | -9.77 | - | - | - | - | - |
| Total Non-Current Liabilities | 24.97M | 22M | 40.75M | 6.95M | 49.34M | 85.13M | 81.67M | 384.24M | 347.85M |
| Long-Term Debt | 0 | 3.31M | 34.01M | 0 | 39.45M | 42.18M | 45.96M | 342.5M | 324.77M |
| Capital Lease Obligations | 14.19M | 3.31M | 3.51M | 4.42M | 1.63M | 4.69M | 7.83M | 10.42M | 0 |
| Deferred Tax Liabilities | 55.3M | 17.36M | 0 | 848K | 0 | 28.31M | 20.15M | 24.01M | 21.75M |
| Other Non-Current Liabilities | 1.36M | -1.97M | 3.22M | 1.68M | 8.27M | 9.95M | 7.73M | 7.3M | 1.33M |
| Total Liabilities | 93.91M | 90.13M | 64.13M | 75.45M | 165.83M | 105.93M | 107.32M | 434.73M | 490.45M |
| Total Debt | 38.66M | 42.9M | 38.69M | 46.35M | 44.13M | 49.94M | 56.82M | 390.27M | 446.78M |
| Net Debt | -394.26M | -345.89M | -296.16M | -160.56M | -173.22M | -192.12M | -6.37M | 347.85M | 415.82M |
| Debt / Equity | 0.04x | 0.05x | 0.05x | 0.06x | 0.07x | 0.06x | 0.08x | 1.03x | 1.35x |
| Debt / EBITDA | 0.26x | 0.30x | 0.27x | 0.38x | - | 0.43x | 0.47x | 3.84x | 5.25x |
| Net Debt / EBITDA | -2.65x | -2.43x | -2.08x | -1.32x | - | -1.65x | -0.05x | 3.42x | 4.89x |
| Interest Coverage | 17.79x | 19.65x | 80.49x | 74.19x | -165.67x | 51.03x | 7.97x | 2.57x | 2.13x |
| Total Equity | 980.54M | 950.14M | 842.03M | 727.89M | 626.23M | 863.99M | 699.51M | 380.67M | 329.86M |
| Equity Growth % | 53.23% | 12.84% | 15.68% | 16.23% | -27.52% | 23.51% | 83.76% | 15.4% | - |
| Book Value per Share | 19.79 | 19.17 | 16.99 | 14.69 | 12.64 | 18.76 | 15.79 | 7.68 | 6.66 |
| Total Shareholders' Equity | 980.34M | 949.95M | 841.91M | 727.73M | 626.23M | 863.99M | 699.51M | 380.67M | 329.86M |
| Common Stock | 21.2M | 21.19M | 21.2M | 21.2M | 21.2M | 21.2M | 18.92M | 10.6M | 10.6M |
| Retained Earnings | 610.11M | 574.47M | 472.13M | 327.27M | 226.39M | 147.93M | 69.71M | 16.09M | -20.24M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -10.32M | -4.9M | -10.69M | 19.98M | 19.36M | 23.03M | 22.82M | 9.43M | 76K |
| Minority Interest | 204.03K | 187.95K | 118K | 157K | 0 | 0 | 0 | 0 | 0 |
Single product concentration risk
According to reported financial statements, DDI has expanded its total assets from $803.3M in 2023Q4 to $1.1B in 2026Q1, a trend driven primarily by the consistent retention of earnings rather than external financing, signaling a business model that is increasingly self-funding and structurally insulated from credit market volatility.
The steady climb in retained earnings, which reached $610.1M in the most recent quarter, suggests that the company is effectively converting its high-margin gaming revenue into permanent equity. This trajectory implies that management is prioritizing balance sheet fortification over aggressive reinvestment, which may limit short-term growth but significantly enhances the company's long-term resilience.
Based on DDI's reported figures, the company maintains a minimal debt-to-equity ratio of 0.04 as of 2026Q1, reflecting a conservative capital structure that effectively eliminates refinancing risk and provides the firm with substantial flexibility to navigate potential industry-wide downturns or pursue strategic inorganic growth opportunities.
With total debt hovering near $38.7M against a cash position of over $432M, the company is essentially operating in a net-cash position. This lack of leverage suggests that the business model is not dependent on external capital to sustain its operations, which is a critical advantage in the capital-intensive mobile gaming sector.
As reported in recent filings, DDI's current ratio of 8.20 in 2026Q1 underscores a massive liquidity buffer, far exceeding the requirements of its operational needs and providing a significant safety margin against the inherent volatility of the social casino market and potential shifts in platform fee structures.
The company's ability to maintain such high liquidity while simultaneously growing its asset base suggests that its cash conversion cycle is highly efficient. Investors should monitor whether this idle cash will eventually be deployed for shareholder returns or if it remains a permanent fixture of the company's defensive posture.
Analysis of the balance sheet reveals that equity has grown to $980.3M by 2026Q1, with retained earnings serving as the primary engine of this expansion, indicating that the company's book value is supported by organic profitability rather than dilutive equity issuances or complex financial engineering.
The absence of significant stock-based compensation or dilutive financing events suggests that the equity base is of high quality and directly reflects the cumulative success of the company's flagship title. This stability in the equity structure provides a clear view of the value generated for shareholders over the past ten quarters.
Based on the provided data, goodwill accounts for approximately $425.6M of the $1.1B total asset base as of 2026Q1, which warrants further investigation as it represents a significant portion of the company's valuation that is sensitive to potential impairment if the flagship title's performance were to falter.
While the headline balance sheet appears pristine, the reliance on intangible assets suggests that the company's book value is heavily dependent on the continued market dominance of its core product. Any material decline in player engagement could necessitate a non-cash write-down, which would impact the reported equity position despite the company's strong cash reserves.
Quick answers to the most common questions about buying DDI stock.
As of 2025, DoubleDown Interactive Co., Ltd. (DDI) had total assets of $1.04B including $527.4M in current assets.
DoubleDown Interactive Co., Ltd. (DDI) carries total debt of $42.9M, offset by $489.9M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
DoubleDown Interactive Co., Ltd. (DDI) has total shareholders' equity (book value) of $950.0M ($19.17 book value per share). Book value represents the net worth of the company belonging to common stock holders.
DoubleDown Interactive Co., Ltd. (DDI) reported a current ratio of 7.74x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.