Gravity Co., Ltd (GRVY) Balance Sheet

NASDAQ: GRVYAssets, liabilities, debt and equity over 10 years.

GRVY balance sheet, 2025

December 31, 2025 · South Korean won

₩742.63B assets = ₩105.29B liabilities + ₩637.34B equity

What it owns₩742.63BCash & ST investments: ₩618.61B (83.3%)Cash & ST investments₩618.61B · 83%Receivables: ₩59.22B (8.0%)Receivables ₩59.22BOther current: ₩20.66B (2.8%)PP&E: ₩10.77B (1.5%)Goodwill & intangibles: ₩14.31B (1.9%)LT investments: ₩3.81B (0.5%)Other non-current: ₩15.25B (2.1%)=How it is financed₩742.63BCurrent liabilities: ₩96.03B (12.9%)Current liabilities₩96.03B · 13%Other LT liabilities: ₩9.26B (1.2%)Shareholders’ equity: ₩637.34B (85.8%)Shareholders’ equity₩637.34B · 86%

Both columns are drawn to the same scale: what GRVY owns equals what it owes plus shareholders’ equity. Hover a block for its value.

GRVY financial health

Current ratio7.27
Comfortable · current assets cover current liabilities 7.27×
Equity / assets85.8%
Equity-funded · of assets funded by shareholders
Goodwill & intangibles1.9%
Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

GRVY balance sheet trends, 2016–2025

MetricTrendThenLatestChange
Total assets₩52.18B2016₩742.63B2025+34.3%/yr
Total liabilities₩20.18B2016₩105.29B2025+20.2%/yr
Shareholders’ equity₩32.00B2016₩636.83B2025+39.4%/yr
Cash & short-term investments₩35.50B2016₩618.61B2025+37.4%/yr
Total debt₩1.36B2016₩7.12B2024+23.0%/yr
Net cash (debt)₩34.14B2016₩552.68B2024+₩518.5B
Working capital₩32.12B2016₩602.46B2025+₩570.3B
Current ratio2.9620167.272025+4.31
Debt / equity0.0420160.012024−0.03
Shares outstanding6.9M20166.9M2025+0.0%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

GRVY assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

GRVY liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

GRVY debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

GRVY balance sheet in South Korean won

2025202420232022202120202019201820172016
Assets
Cash & short-term investments₩618.61B₩559.80B₩465.74B₩340.25B₩247.70B₩182.45B₩118.93B₩95.55B₩61.60B₩35.50B
Cash & equivalents₩203.59B₩228.90B₩184.08B₩169.88B₩99.10B₩110.63B₩79.43B₩86.05B₩39.10B₩14.00B
Short-term investments₩415.02B₩330.91B₩281.65B₩170.37B₩148.60B₩71.82B₩39.50B₩9.50B₩22.50B₩21.50B
Receivables₩59.22B₩82.72B₩74.85B₩77.40B₩52.62B₩59.77B₩32.31B₩60.92B₩42.87B₩10.54B
Inventory₩0₩0₩468,000₩3.33B₩3.16B₩2.24B₩1.96B₩2.52B₩3.03B₩1.21B
Other current assets₩20.66B₩11.08B₩6.31B₩790.7M₩2.65B₩2.12B₩2.66B₩1.18B₩1.38B₩1.25B
Total current assets₩698.48B₩653.61B₩546.90B₩421.77B₩306.13B₩246.59B₩155.86B₩160.17B₩108.87B₩48.50B
Property, plant & equipment (net)₩10.77B₩9.96B₩10.15B₩8.14B₩11.34B₩7.70B₩6.66B₩1.50B₩945.9M₩320.6M
Goodwill & intangible assets₩14.31B₩7.06B₩6.37B₩3.87B₩3.34B₩3.36B₩1.72B₩1.16B₩1.04B₩132.9M
Long-term investments₩3.81B₩1.77B₩1.82B₩2.18B₩3.02B₩1.32B₩1.77B₩1.49B₩1.39B₩1.70B
Other non-current assets₩15.25B₩14.07B₩12.94B₩8.14B₩3.69B₩6.40B₩9.41B₩8.85B₩3.64B₩1.53B
Total assets₩742.63B₩686.46B₩578.18B₩444.09B₩327.53B₩265.37B₩175.43B₩173.17B₩115.88B₩52.18B
Liabilities
Accounts payable₩61.92B₩67.93B₩61.78B₩73.55B₩41.20B₩52.69B₩37.50B₩71.93B₩44.41B₩10.03B
Short-term debt—₩3.18B₩22.31B—₩15.71B₩13.69B₩5.56B₩3.96B₩4.10B₩1.36B
Deferred revenue₩21.50B₩26.76B₩18.09B₩18.54B₩13.48B₩13.69B₩10.75B₩16.48B₩16.10B₩7.30B
Total current liabilities₩96.03B₩108.65B₩106.43B₩105.71B₩74.00B₩82.72B₩55.79B₩93.52B₩64.74B₩16.38B
Long-term debt₩0₩0₩0₩0₩0₩0₩0₩0₩0₩0
Lease obligations——————₩0₩0₩0₩0
Other long-term liabilities₩9.26B₩9.45B₩8.02B₩8.20B₩6.69B₩5.30B₩3.87B₩4.10B₩7.14B₩3.80B
Total liabilities₩105.29B₩118.10B₩114.45B₩113.91B₩80.69B₩88.02B₩59.66B₩97.62B₩71.88B₩20.18B
Shareholders' equity
Common stock & paid-in capital₩3.47B₩3.47B₩3.47B₩3.47B₩3.47B₩3.47B₩3.47B₩3.47B₩3.47B₩3.47B
Retained earnings (deficit)₩580.86B₩513.42B₩428.50B₩296.48B₩213.32B₩147.37B₩84.67B₩45.40B₩13.96B−₩736.6M
Treasury stock——————₩0₩0₩0₩0
Accumulated other comprehensive income——₩4.02B₩2.48B₩2.18B−₩1.04B₩274.5M₩138.4M−₩39.7M₩1.06B
Minority interest₩508.0M₩691.0M₩641.0M₩653.0M——₩0₩0₩0₩0
Total shareholders' equity₩636.83B₩567.67B₩463.09B₩329.53B₩246.07B₩176.91B₩115.77B₩75.55B₩44.00B₩32.00B
Key figures
Total debt—₩7.12B₩2.34B₩3.06B₩5.12B₩3.25B₩5.56B₩3.96B₩4.10B₩1.36B
Net cash (debt)—₩552.68B₩463.40B₩337.19B₩242.58B₩179.20B₩113.37B₩91.59B₩57.49B₩34.14B
Working capital₩602.46B₩544.96B₩440.46B₩316.06B₩232.14B₩163.87B₩100.08B₩66.65B₩44.13B₩32.12B
Tangible book value₩622.52B₩560.62B₩456.72B₩325.66B₩242.73B₩173.55B₩114.05B₩74.39B₩42.96B₩31.87B
Shares outstanding6.9M6.9M6.9M6.9M6.9M6.9M6.9M6.9M6.9M6.9M
Current ratio7.276.025.143.994.142.982.791.711.682.96
Quick ratio7.065.915.083.954.062.932.711.671.612.81
Debt / equity—0.010.010.010.020.020.050.050.090.04
Equity / assets85.8%82.7%80.1%74.2%75.1%66.7%66.0%43.6%38.0%61.3%

Quarterly columns are labeled by the month the quarter ended. Figures in South Korean won as reported (latest annual report filed April 24, 2026); data from EODHD.

GRVY financial position

At the end of fiscal 2025 (December 31, 2025), Gravity had total assets of ₩742.6 billion (up 8.2% from a year earlier), total liabilities of ₩105.3 billion and shareholders' equity of ₩636.8 billion. Its current ratio was 7.27. In the latest quarter (ended June 30, 2026) total assets were ₩742.7 billion and equity ₩636.9 billion.

Related: GRVY income statement, GRVY cash flow statement, GRVY key metrics. See the GRVY stock overview for the latest quote and news.

GRVY balance sheet FAQ

What are Gravity's total assets?

Gravity reported total assets of ₩742.6 billion at the end of fiscal 2025 (December 31, 2025), compared with ₩686.5 billion a year earlier.

How much cash does Gravity have?

Gravity held ₩618.6 billion in cash and short-term investments at the end of fiscal 2025.

What is Gravity's book value?

Gravity's shareholders' equity (book value) was ₩636.8 billion at the end of fiscal 2025.

What is Gravity's current ratio?

Gravity had current assets of ₩698.5 billion and current liabilities of ₩96.0 billion, a current ratio of 7.27 (it can cover its short-term obligations).

How much goodwill does Gravity have?

Gravity carried ₩14.3 billion of goodwill and intangible assets, 1.9% of total assets, at the end of fiscal 2025.

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