Last 22 quarters of trend data · Technology · Electronic Gaming & Multimedia
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
GDEV Inc.'s quarterly P/E stands at 4.9x. EV/EBITDA has compressed 20.2% YoY to 3.5x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 3.24 | 4.87 | 5.18 | 4.19 | 3.77 | — | 7.76 | 8.83 | — | 9.87 | 5.88 | 15.36 | — |
| — | — | -33.2% | -52.5% | — | — | +32.0% | -42.5% | — | — | -41.1% | +98.4% | — | |
| P/S Ratio | 0.55 | 0.76 | 1.28 | 0.58 | 0.55 | 0.89 | 1.02 | 1.23 | 1.05 | 1.00 | 1.15 | 2.60 | 2.80 |
| — | -15.1% | +25.0% | -52.8% | -48.2% | -11.0% | -10.7% | -52.6% | -62.5% | -67.2% | -54.7% | +3.7% | +12.0% | |
| P/B Ratio | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/FCF | 7.61 | 3.35 | 8.26 | — | 8.31 | 17.95 | 9.62 | 11.67 | 310.35 | 11.32 | 17.28 | 25.44 | — |
| — | -81.3% | -14.1% | — | -97.3% | +58.6% | -44.3% | -54.1% | — | -40.0% | +225.3% | +69.1% | — | |
| EV / EBITDA | 2.10 | 3.50 | 4.18 | 3.25 | 2.58 | 4.39 | 5.66 | 7.60 | 48.37 | 9.10 | 4.05 | 17.25 | — |
| — | -20.2% | -26.1% | -57.3% | -94.7% | -51.8% | +39.6% | -55.9% | — | -91.6% | -29.4% | +166.9% | — | |
| EV / EBIT | 2.31 | 4.04 | 4.48 | 3.43 | 2.90 | 4.66 | 6.28 | 7.89 | — | 7.40 | 4.30 | 19.09 | — |
| — | -13.3% | -28.7% | -56.6% | — | -37.0% | +46.2% | -58.7% | — | — | -48.3% | +181.4% | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
GDEV Inc.'s operating margin was 14.4% in Q4 2025, down 11.1 pp QoQ and up 1.4 pp YoY. The trailing four-quarter average of 17.3% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin contracted 3.1% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 65.0% | 63.3% | 64.1% | 67.1% | 64.9% | 65.3% | 66.9% | 66.6% | 66.4% | 64.1% | 67.1% | 63.3% | 63.2% |
| — | -3.1% | -4.2% | +0.8% | -2.3% | +1.9% | -0.3% | +5.2% | +5.0% | +41.8% | +0.8% | -8.6% | -4.4% | |
| Operating Margin | 17.6% | 14.4% | 25.5% | 15.5% | 13.5% | 13.1% | 13.2% | 14.2% | -0.0% | 7.8% | 23.9% | 12.9% | -9.0% |
| — | +10.6% | +92.7% | +9.5% | +60441.1% | +68.4% | -44.6% | +9.7% | +99.8% | +1272.2% | -37.4% | -62.3% | -168.0% | |
| Net Margin | 17.1% | 15.6% | 24.7% | 13.9% | 14.7% | -2.4% | 13.2% | 13.9% | -1.3% | 10.2% | 19.5% | 17.0% | -6.9% |
| — | +743.6% | +87.1% | -0.3% | +1192.6% | -123.8% | -32.3% | -18.2% | +80.4% | +110.4% | -21.9% | -47.7% | -136.9% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| ROA | 27.4% | 6.2% | 11.2% | 7.7% | 5.8% | -0.8% | 5.2% | 5.1% | -0.5% | 3.5% | 7.8% | 6.5% | — |
| — | +827.2% | +116.8% | +50.7% | +1331.7% | -124.0% | -33.5% | -21.2% | — | +112.4% | -5.8% | -41.1% | — | |
| ROIC | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
GDEV Inc.'s Debt/EBITDA ratio is 0.1x, up from 0.0x last quarter — comfortably within a safe range.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Debt / EBITDA | 0.01 | 0.07 | 0.05 | 0.12 | 0.14 | 0.10 | 0.07 | 0.14 | 0.46 | 0.24 | 0.07 | 0.05 | — |
| — | -24.6% | -33.3% | -13.6% | -68.7% | -60.3% | +1.4% | +154.4% | — | -44.7% | +169.4% | +87.5% | — | |
| Current Ratio | 0.67 | 0.67 | 0.60 | 0.51 | 0.50 | 0.68 | 0.61 | 0.58 | 0.53 | 0.71 | 0.66 | 0.56 | — |
| — | -1.9% | -1.1% | -11.2% | -5.2% | -3.5% | -7.9% | +2.6% | — | +24.3% | +17.2% | +16.5% | — | |
| Quick Ratio | 0.67 | 0.67 | 0.60 | 0.51 | 0.50 | 0.68 | 0.61 | 0.58 | 0.52 | 0.70 | 0.64 | 0.55 | — |
| — | -1.9% | -1.1% | -11.2% | -3.3% | -2.0% | -4.7% | +5.6% | — | +26.7% | +17.7% | +28.7% | — | |
| Interest Coverage | 890.24 | — | — | 154.64 | 128.57 | — | — | 143.10 | — | 126.62 | 7.93 | 65.42 | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 22 years · Updated daily
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Quick answers to the most common questions about buying GDEV stock.
GDEV Inc.'s current P/E is 3.2x. The average P/E over the last 4 quarters is 4.5x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
GDEV Inc.'s current operating margin is 17.6%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking GDEV Inc.'s business trajectory between earnings reports.