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GDEVGDEV Inc.
$9.02$164M
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
GDEV logo

GDEV Inc.

GDEV
NASDAQ · Video Games
$9.02
At close - USD
Market Cap$164M
P/E2.4x
52W High$25.03
Volume2.01K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Margin Rebound Masks Revenue Decline and Negative Equity

GDEV's 2026Q2 gross margin of 65.4% and operating margin of 21.7% suggest the business retains pricing and cost discipline, yet revenue fell 22.0% year over year to $93.6M, which appears to undercut the durability of that profitability.

GrowthContracting
ProfitabilityModerate
ValuationAttractive
TechnicalsWeak
Explore valuation models
MARKET ACTION

GDEV price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

5/12 Beats

EPS beat 5 of last 12 quarters

02

Valuation risk

-93% Peers

P/E is 93% below peer median

03

Market leadership

RS 23 · Lag

Laggard (Underperforming 77% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystConfirmed earnings · Nov 13

Market performance

Price History →

Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
GDEV-39.18%
S&P 500 (^GSPC)+7.63%
1-Year Return
GDEV-59.73%
S&P 500 (^GSPC)+9.69%
3-Year Return
GDEV-54.33%
S&P 500 (^GSPC)+71.18%
5-Year Return
GDEV-84.95%
S&P 500 (^GSPC)+58.98%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
2.2x
Forward P/EExpansion
2.0x
EV/EBITDA0th %ile
1.3x
FCF YieldCash Flow
30.6%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
2.2x
14.0x
0th· Low
EV/EBITDA
1.3x
8.4x
0th· Low
Price/FCF
3.3x
12.7x
0th· Low
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
No DCF Model AvailableIntrinsic value modeling is not supported for this equity.

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$404M-3.9% YoY
Net income FY25
$69M+171.5% YoY
Free cash flow FY25
$29M+3.7% YoY
Operating margin FY25
17.6%+8.0 pts YoY
ROIC (FY25)-
Avg ROIC 5Y-
ROE (FY25)-
Piotroski Score6 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate5/12 (50%)
Revenue Beat Rate6/12 (60%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 21, 2026
$1.08+0.0%
vs $1.08
$94M+0.0%
vs $94M
Q2 2026
May 19, 2026
$0.67+0.0%
vs $0.67
$92M+0.0%
vs $92M
Q2 2026
Mar 5, 2026
$0.65-18.8%
vs $0.80
$90M-6.1%
vs $96M
Q4 2025
Nov 24, 2025
$1.32+214.3%
vs $0.42
$98M+1.1%
vs $97M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
PRNewsWire·Oct 1, 2026
GDEV Management-backed Relevate Power and Eagle Creek Form Strategic Partnership to Expand Companies' Hydropower Footprints

The partnership brings together Relevate's redevelopment expertise and Eagle Creek's operating scale and expertise, advancing hydropower as a source of baseload generation across North America NEW YORK, Oct. 1, 2026 /PRNewswire/ -- GDEV Management (GDEV)-backed Relevate Power (Relevate) and Eagle Creek Renewable Energy (Eagle Creek), a hydropower owner and operator backed by Apollo (NYSE: APO) funds, today announced a strategic partnership across their portfolios of small hydropower assets. At the partnership's commencement, Eagle Creek will leverage its scale and highly experienced operations team to manage Relevate's portfolio of run-of-river hydroelectric projects.

GlobeNewsWire·Sep 30, 2026
GDEV announces final results of previously announced self tender offer to purchase for cash up to $20,000,000 in value of its ordinary shares (or up to 1,813,236 Ordinary Shares) at a purchase price of $11.03 per ordinary share

LIMASSOL, Cyprus, Sept. 30, 2026 (GLOBE NEWSWIRE) -- GDEV Inc. (NASDAQ: GDEV), an international gaming and entertainment company (“GDEV” or the “Company”), today announced the final results of the previously announced tender offer by the Company to purchase for cash up to $20,000,000 in value of its ordinary shares, no par value per ordinary share (each, a “share”), or up to 1,813,236 shares, at a purchase price of $11.03 per share, net to the seller in cash, without interest, less any applicable withholding taxes, which expired at 5:00 p.m.

GlobeNewsWire·Sep 29, 2026
GDEV announces preliminary results of previously announced self tender offer to purchase for cash up to $20,000,000 in value of its ordinary shares (or up to 1,813,236 Ordinary Shares) at a purchase price of $11.03 per ordinary share

LIMASSOL, Cyprus, Sept. 29, 2026 (GLOBE NEWSWIRE) -- GDEV Inc. (NASDAQ: GDEV), an international gaming and entertainment company (“GDEV” or the “Company”), today announced the preliminary results of the previously announced tender offer by the Company to purchase for cash up to $20,000,000 in value of its ordinary shares, no par value per ordinary share (each, a “share”), or up to 1,813,236 shares, at a purchase price of $11.03 per share, net to the seller in cash, without interest, less any applicable withholding taxes, which expired at 5:00 p.m.

GlobeNewsWire·Aug 31, 2026
GDEV announces commencement of self tender offer to purchase for cash up to $20,000,000 in value of its ordinary shares (or up to 1,813,236 Ordinary Shares) at a purchase price of $11.03 per ordinary share

LIMASSOL, Cyprus, Aug. 31, 2026 (GLOBE NEWSWIRE) -- GDEV Inc. (NASDAQ: GDEV), an international gaming and entertainment company (“GDEV” or the “Company”), today announced the commencement of a tender offer by the Company to purchase for cash up to $20,000,000 in value of its ordinary shares, no par value per ordinary share (each, a “share”), or up to 1,813,236 shares, at a purchase price of $11.03 per share, equivalent to the trailing volume weighted average price per share over the 10 trading days prior to August 28, 2026, the last full trading day prior to the commencement of the Offer, net to the seller in cash, without interest, less any applicable withholding taxes, using funds available from cash and cash equivalents. The tender offer, proration period and withdrawal rights will expire at 5:00 p.m.

Filtered for GDEV Inc.More Headlines
04

Compare before deciding

Benchmark GDEV against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for GDEV Inc. (GDEV)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
GDEV logoGDEVGDEV Inc.Current
$9.02$163.72M2.39-3.94%17.15%—34.24%
PLBY logoPLBYPlayboy, Inc.
$1.29$149.6M-9.924.13%0.23%1.44%—
GRVY logoGRVYGravity Co., Ltd.
$67.19$466.9M9.2711.92%13.11%9.3%—
PLTK logoPLTKPlaytika Holding Corp.
$2.44$928.13M-4.448.08%-9.89%—16.35%
GLBE logoGLBEGlobal-e Online Ltd.
$42.97$7.22B110.1827.82%13.87%16.7%—
HUYA logoHUYAHUYA Inc.
$2.19$501.3M-30.446.96%-1.6%-2.29%72.01%

Compare GDEV vs Peers

GDEV Inc. (GDEV) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs PLBY

Most directly comparable listed peer for GDEV.

Scale Benchmark

vs AAPL

Larger-name benchmark to compare GDEV against a more recognizable public peer.

Peer Set

Compare Top 5

vs PLBY, GRVY, PLTK, GLBE

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GDEV Frequently Asked Questions

GDEV Inc. (GDEV) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is GDEV Inc.'s revenue?

GDEV Inc. (GDEV) reported $401.1M in revenue over the trailing twelve months. Revenue was $404.3M in fiscal year 2025. That is 331% more than the $93.8M of fiscal year 2019.

How fast is GDEV Inc. growing?

GDEV Inc. (GDEV) revenue fell by 3.9% in fiscal year 2025, compared with the prior fiscal year.

Is GDEV profitable?

Yes. GDEV Inc. (GDEV) earned $74.7M in net income over the trailing twelve months (a 18.6% net margin).

Dividend & Returns
Does GDEV pay dividends?

Yes. GDEV Inc. (GDEV) pays a dividend that yields 34.24% at the current price, a high yield.

What is GDEV Inc.'s free cash flow?

GDEV Inc. (GDEV) generated $32.9M in free cash flow over the trailing twelve months.

What if you invested $1,000 in GDEV back in 2019?

Total return calculator · dividends reinvested · 7+ years of data

See returns →