GDEV Inc. (GDEV) Income Statement
GDEV 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsGDEV revenue and net income
Where GDEV's revenue goes
2025Each bar shows an amount and its share of revenue. GDEV kept 17.1% of revenue as net income.
GDEV profit margins
GDEV growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −3.9% | −5.5% | +9.2% | — |
| Gross profit | −5.7% | −4.6% | +9.3% | — |
| Operating income | +75.6% | −15.3% | — | — |
| Net income | +171.5% | +111.7% | — | — |
| EPS (diluted) | +156.8% | +472.4% | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
GDEV quarterly EPS vs estimates
GDEV beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: November 23, 2026 (estimate $1.33).
GDEV income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $404.3M | $420.9M | $464.5M | $479.7M | $434.1M | $260.9M | $93.8M |
| Cost of revenue | $141.4M | $142.0M | $160.7M | $177.0M | $136.2M | $92.6M | $44.5M |
| Gross profit | $262.9M | $278.9M | $303.9M | $302.7M | $297.9M | $168.3M | $49.3M |
| Sales, general & admin | $187.2M | $233.6M | $250.1M | $176.8M | $293.2M | $169.4M | $84.8M |
| Total operating expenses | $191.8M | $238.4M | $265.5M | $185.5M | $421.2M | $170.0M | $85.1M |
| Operating income | $71.1M | $40.5M | $38.4M | $117.2M | −$123.3M | −$1.7M | −$35.8M |
| Interest income | $1.7M | $2.3M | $3.9M | $1.6M | $11.2M | $7,000 | — |
| Interest expense | $84,000 | $205,000 | $408,000 | $482,000 | $91,000 | $45,000 | $168,000 |
| Income before taxes | $74.7M | $30.0M | $50.0M | $11.2M | −$116.3M | $111,000 | −$35.5M |
| Income taxes | $5.4M | $4.5M | $3.9M | $3.8M | $1.1M | $862,000 | $7,000 |
| Net income | $69.3M | $25.5M | $46.1M | $7.3M | −$117.4M | −$751,000 | −$35.5M |
| EBITDA | $81.6M | $36.4M | $56.7M | $18.6M | −$113.7M | $672,000 | −$35.5M |
| EPS (diluted) | $3.75 | $1.46 | −$4.96 | $0.02 | −$1000.57 | −$0.04 | −$1.97 |
| Gross margin | 65.0% | 66.3% | 65.4% | 63.1% | 68.6% | 64.5% | 52.6% |
| Operating margin | 17.6% | 9.6% | 8.3% | 24.4% | −28.4% | −0.6% | −38.1% |
| Net margin | 17.1% | 6.1% | 9.9% | 1.5% | −27.1% | −0.3% | −37.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $93.6M | $99.0M | $90.0M | $97.6M | $119.9M | $97.0M | $97.5M | $110.7M | $105.8M | $106.9M | $109.0M | $121.3M |
| Cost of revenue | $32.3M | $34.0M | $33.0M | $35.0M | $39.4M | $34.1M | $33.8M | $36.6M | $35.4M | $36.2M | $38.0M | $39.9M |
| Gross profit | $61.2M | $65.0M | $57.0M | $62.5M | $80.5M | $62.9M | $63.7M | $74.0M | $70.4M | $70.7M | $71.0M | $81.4M |
| Sales, general & admin | $41.4M | — | $33.5M | $38.2M | $59.9M | $8.3M | $49.2M | $59.0M | $54.4M | $70.7M | $61.5M | $49.1M |
| Total operating expenses | $40.9M | $47.0M | $44.0M | $37.6M | $61.8M | $49.8M | $51.0M | $59.4M | $55.2M | $70.7M | $61.0M | $52.4M |
| Operating income | $20.3M | $18.0M | $13.0M | $24.9M | $18.6M | $13.1M | $12.7M | $14.6M | $15.2M | −$25,000 | $10.0M | $29.0M |
| Interest income | $411,000 | — | — | — | $410,000 | — | — | — | $569,000 | — | $907,000 | $1.1M |
| Interest expense | $17,000 | — | — | — | $118,000 | $102,000 | — | — | $18,000 | $3.3M | $151,000 | $115,000 |
| Income before taxes | $21.6M | $18.0M | $13.0M | $25.7M | $18.2M | $15.6M | −$1.2M | $16.1M | $15.7M | −$4.5M | $12.3M | $25.3M |
| Income taxes | $1.7M | $1.0M | −$1.0M | $1.6M | $1.6M | $1.3M | $1.2M | $1.5M | $986,000 | $878,000 | $1.2M | $1.6M |
| Net income | $19.9M | $17.0M | $14.0M | $24.1M | $16.6M | $14.3M | −$2.4M | $14.6M | $14.7M | −$5.4M | $11.0M | $23.7M |
| EBITDA | $22.2M | $18.5M | $15.0M | $26.7M | $18.9M | $14.7M | $13.5M | $16.3M | $16.3M | −$25,000 | $12.0M | $27.1M |
| EPS (diluted) | $1.08 | $0.77 | $0.76 | $1.32 | $0.90 | $0.77 | −$0.13 | $0.79 | $0.81 | −$0.01 | $0.06 | $0.12 |
| Gross margin | 65.4% | 65.7% | 63.3% | 64.1% | 67.1% | 64.9% | 65.3% | 66.9% | 66.6% | 66.1% | 65.1% | 67.1% |
| Operating margin | 21.7% | 18.2% | 14.4% | 25.5% | 15.5% | 13.5% | 13.1% | 13.2% | 14.4% | −0.0% | 9.2% | 23.9% |
| Net margin | 21.3% | 17.2% | 15.6% | 24.7% | 13.9% | 14.7% | −2.4% | 13.2% | 13.9% | −5.1% | 10.1% | 19.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in GDEV's financial statements (latest annual report filed March 31, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
GDEV financial results
In fiscal year 2025 (ended December 31, 2025), GDEV reported revenue of $404.3 million, down 3.9% from the year before. It had net income of $69.3 million (up 171.5%), a net profit margin of 17.1%. Diluted earnings per share came to $3.75. Over five years revenue grew at an average rate of 9.2% a year.
See the GDEV stock overview for the latest quote and news, or the GDEV chart for price history and technical indicators.
GDEV income statement FAQ
What is GDEV's annual revenue?
GDEV reported total revenue of $404.3 million for fiscal year 2025, which ended on December 31, 2025. That was down 3.9% from $420.9 million the previous year.
Is GDEV profitable?
Yes. GDEV reported net income of $69.3 million in fiscal 2025, a net profit margin of 17.1%; its operating margin was 17.6%.
What is GDEV's gross margin?
GDEV's gross margin was 65.0% in fiscal 2025: for every $100 of revenue, GDEV kept $65 after the direct cost of its products and services.
How fast is GDEV growing?
Revenue grew 9.2% a year on average over the last five fiscal years, from $260.9 million to $404.3 million.
What are GDEV's earnings per share?
GDEV earned $3.75 per diluted share in fiscal 2025, compared with $1.46 a year earlier.
When will GDEV report its next earnings?
GDEV is expected to report results for the quarter ending September 30, 2026 on November 23, 2026.
When does GDEV's fiscal year end?
GDEV's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 31, 2026.