Symbols / GDEV Stock $17.99 -2.23% GDEV Inc.

Communication Services • Electronic Gaming & Multimedia • Cyprus • NGM
GDEV (Stock) Chart
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About

GDEV Inc. develops and publishes online games in the United States, Europe, Asia, and internationally. Its core product offering includes Hero Wars, offers a suite of games across mobile, social, and web-based platforms, as well as franchises gaming in the role-playing game genre. The company was formerly known as Nexters Inc. and changed its name to GDEV Inc. in June 2023. GDEV Inc. was founded in 2010 and is headquartered in Limassol, Cyprus.

Stock Fundamentals
Scroll to Statements
Market Cap 326.53M Enterprise Value 222.09M Income 69.33M Sales 404.35M Book/sh -4.99 Cash/sh 6.22
Dividend Yield — Payout 0.00% Employees — IPO — P/E 4.77 Forward P/E 13.33
PEG 0.74 P/S 0.81 P/B -3.61 P/C — EV/EBITDA 2.92 EV/Sales 0.55
Quick Ratio 0.66 Current Ratio 0.67 Debt/Eq — LT Debt/Eq — EPS (ttm) 3.77 EPS next Y 1.35
EPS Growth — Revenue Growth -7.90% Earnings 2026-05-15 ROA 17.60% ROE — ROIC —
Gross Margin 65.03% Oper. Margin 15.25% Profit Margin 17.15% Shs Outstand 18.15M Shs Float 2.45M Short Float 0.06%
Short Ratio 3.77 Short Interest — 52W High 42.20 52W Low 10.25 Beta 1.23 Avg Volume 2.31K
Volume 1.93K Target Price $70.00 Recom None Prev Close $18.40 Price $17.99 Change -2.23%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$70.00
Mean price target
2. Current target
$17.99
Latest analyst target
3. DCF / Fair value
$18.77
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$17.99
Low
$70.00
High
$70.00
Mean
$70.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2024-09-17 main Noble Capital Markets Outperform → Outperform $70
2024-08-12 init Noble Capital Markets — → Outperform $6
2024-06-14 init Oppenheimer — → Perform —
News
RSS: Latest GDEV news
Insider Transactions

No recent insider transactions.

Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
404.35
-3.94%
420.93
-9.39%
464.55
-3.16%
479.69
Operating Revenue
404.35
-3.94%
420.93
-9.39%
464.55
-3.16%
479.69
Cost Of Revenue
141.41
-0.43%
142.02
-13.73%
164.61
-6.99%
176.98
Reconciled Cost Of Revenue
137.11
-1.09%
138.62
-13.73%
160.69
-7.47%
173.66
Gross Profit
262.93
-5.73%
278.92
-7.01%
299.94
-0.92%
302.71
Operating Expense
191.79
-19.55%
238.40
-6.75%
255.65
+37.80%
185.53
Selling General And Administration
187.24
-19.84%
233.56
-6.63%
250.15
+41.49%
176.79
Selling And Marketing Expense
153.50
-23.56%
200.82
-8.03%
218.35
+49.10%
146.45
General And Administrative Expense
33.73
+3.03%
32.74
+2.98%
31.79
+4.80%
30.34
Salaries And Wages
22.48
+1.43%
22.16
-8.23%
24.15
+4.82%
23.04
Other Gand A
10.94
+13.66%
9.62
+55.96%
6.17
+6.82%
5.78
Other Operating Expenses
2.00
-1.86%
2.04
-35.31%
3.16
-38.82%
5.16
Total Expenses
333.21
-12.41%
380.41
-9.48%
420.27
+15.93%
362.51
Operating Income
71.14
+75.57%
40.52
-8.50%
44.28
-62.21%
117.18
Total Operating Income As Reported
71.13
+75.65%
40.50
+5.57%
38.36
+103.54%
18.85
EBITDA
81.63
+124.09%
36.43
-35.48%
56.46
+204.32%
18.55
Normalized EBITDA
75.58
+83.61%
41.17
-23.36%
53.71
-53.30%
115.01
Reconciled Depreciation
6.85
+10.89%
6.18
-1.51%
6.28
-9.06%
6.90
EBIT
74.78
+147.22%
30.25
-39.73%
50.18
+330.69%
11.65
Total Unusual Items
6.05
+227.67%
-4.74
-272.42%
2.75
+102.85%
-96.46
Total Unusual Items Excluding Goodwill
6.05
+227.67%
-4.74
-272.42%
2.75
+102.85%
-96.46
Special Income Charges
-0.01
+93.48%
-0.14
+97.67%
-5.92
+93.99%
-98.44
Impairment Of Capital Assets
—
0.00
0.00
-100.00%
63.38
Restructuring And Mergern Acquisition
0.00
-100.00%
0.12
0.00
-100.00%
0.10
Write Off
0.01
-59.09%
0.02
-99.63%
5.92
-80.26%
29.99
Net Income
69.33
+171.52%
25.53
-44.63%
46.12
+531.45%
7.30
Pretax Income
74.70
+148.63%
30.04
-39.91%
49.99
+347.57%
11.17
Net Non Operating Interest Income Expense
1.31
-26.88%
1.79
-48.68%
3.48
+508.39%
0.57
Interest Expense Non Operating
0.08
-59.02%
0.20
+7.89%
0.19
-60.58%
0.48
Net Interest Income
1.31
-26.88%
1.79
-48.68%
3.48
+508.39%
0.57
Interest Expense
0.08
-59.02%
0.20
+7.89%
0.19
-60.58%
0.48
Interest Income Non Operating
1.75
-25.38%
2.34
-41.65%
4.02
+145.09%
1.64
Interest Income
1.75
-25.38%
2.34
-41.65%
4.02
+145.09%
1.64
Other Income Expense
2.25
+118.35%
-12.26
-649.13%
2.23
+102.10%
-106.58
Gain On Sale Of Security
6.06
+231.70%
-4.60
-153.07%
8.67
+338.61%
1.98
Gain On Sale Of Business
—
0.00
0.00
+100.00%
-4.97
Tax Provision
5.37
+18.98%
4.51
+16.24%
3.88
+3.16%
3.76
Tax Rate For Calcs
0.00
-52.14%
0.00
+93.44%
0.00
-76.95%
0.00
Tax Effect Of Unusual Items
0.43
+161.10%
-0.71
-433.51%
0.21
+100.66%
-32.47
Net Income Including Noncontrolling Interests
69.33
+171.52%
25.53
-44.63%
46.12
+522.33%
7.41
Net Income From Continuing Operation Net Minority Interest
69.33
+171.52%
25.53
-44.63%
46.12
+531.45%
7.30
Net Income From Continuing And Discontinued Operation
69.33
+171.52%
25.53
-44.63%
46.12
+531.45%
7.30
Net Income Continuous Operations
69.33
+171.52%
25.53
-44.63%
46.12
+522.33%
7.41
Minority Interests
0.00
0.00
0.00
+100.00%
-0.11
Normalized Income
63.72
+115.54%
29.56
-32.17%
43.58
-38.87%
71.29
Net Income Common Stockholders
69.33
+171.52%
25.53
-44.63%
46.12
+531.45%
7.30
Diluted EPS
3.77
+173.19%
1.38
-40.00%
2.30
+521.62%
0.37
Basic EPS
3.82
+172.86%
1.40
-40.17%
2.34
+532.43%
0.37
Basic Average Shares
18.13
-0.40%
18.20
-7.78%
19.74
-0.29%
19.80
Diluted Average Shares
18.40
-0.21%
18.44
-7.96%
20.03
+1.18%
19.80
Diluted NI Availto Com Stockholders
69.33
+171.52%
25.53
-44.63%
46.12
+531.45%
7.30
Depreciation Amortization Depletion Income Statement
2.55
-8.50%
2.79
+18.59%
2.35
-34.29%
3.58
Depreciation And Amortization In Income Statement
2.55
-8.50%
2.79
+18.59%
2.35
-34.29%
3.58
Earnings From Equity Interest
-3.80
+49.51%
-7.52
-1360.97%
-0.52
+94.91%
-10.12
Insurance And Claims
0.31
-67.09%
0.95
-35.23%
1.47
-3.22%
1.52
Total Other Finance Cost
0.36
+1.70%
0.35
+1.73%
0.35
-40.68%
0.58
Line Item Trend 2025-12-31 2024-12-31 2023-12-31
Total Assets
233.11
-14.36%
272.20
-15.09%
320.55
Current Assets
155.05
-13.67%
179.60
-16.03%
213.88
Cash Cash Equivalents And Short Term Investments
104.32
-22.62%
134.81
-13.60%
156.03
Cash And Cash Equivalents
58.91
-46.95%
111.05
+54.67%
71.80
Cash Equivalents
4.07
-90.94%
44.90
+299206.67%
0.01
Cash Financial
54.84
-17.10%
66.15
-7.84%
71.78
Other Short Term Investments
45.41
+91.14%
23.76
-71.80%
84.24
Receivables
40.05
+5.16%
38.08
-21.96%
48.80
Accounts Receivable
31.74
-3.48%
32.89
-27.63%
45.44
Other Receivables
0.05
+488.89%
0.01
-52.63%
0.02
Taxes Receivable
7.08
+42.66%
4.96
+55.45%
3.19
Loans Receivable
1.17
+418.58%
0.23
+52.70%
0.15
Prepaid Assets
4.88
+8.94%
4.47
-32.19%
6.60
Restricted Cash
4.00
0.00
—
Other Current Assets
1.81
-18.82%
2.23
-8.64%
2.44
Total Non Current Assets
78.06
-15.70%
92.60
-13.20%
106.68
Net PPE
1.94
-33.49%
2.91
-28.41%
4.07
Gross PPE
3.44
-12.12%
3.91
-16.32%
4.67
Accumulated Depreciation
-1.50
-50.10%
-1.00
-64.47%
-0.61
Machinery Furniture Equipment
2.39
+15.74%
2.06
+17.73%
1.75
Other Properties
1.05
-43.28%
1.85
-36.78%
2.92
Goodwill And Other Intangible Assets
2.49
-60.25%
6.25
-39.35%
10.31
Goodwill
1.84
+0.00%
1.84
+0.00%
1.84
Other Intangible Assets
0.65
-85.29%
4.42
-47.88%
8.48
Investments And Advances
18.66
+15.78%
16.11
-10.84%
18.07
Long Term Equity Investment
2.24
0.00
0.00
Other Investments
—
—
—
Non Current Deferred Assets
54.67
-18.67%
67.21
-9.32%
74.12
Non Current Deferred Taxes Assets
0.11
+8.74%
0.10
-15.57%
0.12
Other Non Current Assets
—
0.11
+0.00%
0.11
Total Liabilities Net Minority Interest
323.68
-13.39%
373.73
-11.10%
420.37
Current Liabilities
231.89
-11.98%
263.45
-12.98%
302.76
Payables And Accrued Expenses
24.64
+17.39%
20.99
-39.23%
34.53
Payables
18.72
+9.15%
17.15
-41.91%
29.53
Accounts Payable
12.16
-6.10%
12.95
-40.37%
21.71
Other Payable
0.58
-13.00%
0.67
-25.67%
0.90
Dividends Payable
4.02
0.00
—
Current Accrued Expenses
5.92
+54.22%
3.84
-23.37%
5.01
Total Tax Payable
1.96
-44.52%
3.54
-48.87%
6.92
Income Tax Payable
1.83
-39.52%
3.03
-53.21%
6.47
Current Debt And Capital Lease Obligation
0.78
-39.39%
1.28
-12.07%
1.46
Current Capital Lease Obligation
0.78
-39.39%
1.28
-12.07%
1.46
Current Deferred Liabilities
191.48
-15.34%
226.18
-4.88%
237.77
Current Deferred Revenue
188.13
-15.52%
222.69
-4.90%
234.18
Other Current Liabilities
15.00
+0.00%
15.00
-48.26%
29.00
Total Non Current Liabilities Net Minority Interest
91.79
-16.77%
110.27
-6.23%
117.61
Long Term Debt And Capital Lease Obligation
0.31
+1622.22%
0.02
-98.17%
0.98
Long Term Capital Lease Obligation
0.31
+1622.22%
0.02
-98.17%
0.98
Non Current Deferred Liabilities
91.11
-17.09%
109.89
-4.73%
115.34
Non Current Deferred Revenue
91.11
-17.09%
109.89
-4.73%
115.34
Other Non Current Liabilities
—
—
—
Stockholders Equity
-90.56
+10.80%
-101.53
-1.72%
-99.81
Common Stock Equity
-90.56
+10.80%
-101.53
-1.72%
-99.81
Capital Stock
0.00
0.00
0.00
Common Stock
0.00
0.00
0.00
Share Issued
19.91
+0.20%
19.87
+0.53%
19.76
Ordinary Shares Number
18.15
+0.22%
18.11
-8.36%
19.76
Treasury Shares Number
1.76
+0.00%
1.76
0.00
Additional Paid In Capital
30.11
+0.93%
29.83
+16.84%
25.53
Retained Earnings
-239.22
+3.75%
-248.54
+9.32%
-274.08
Gains Losses Not Affecting Retained Earnings
7.05
+19.76%
5.89
+14.52%
5.14
Treasury Stock
33.10
+0.00%
33.10
0.00
Minority Interest
0.00
0.00
0.00
Other Equity Adjustments
—
—
—
Total Equity Gross Minority Interest
-90.56
+10.80%
-101.53
-1.72%
-99.81
Total Capitalization
-90.56
+10.80%
-101.53
-1.72%
-99.81
Working Capital
-76.84
+8.36%
-83.86
+5.66%
-88.88
Invested Capital
-90.56
+10.80%
-101.53
-1.72%
-99.81
Total Debt
1.09
-16.38%
1.30
-46.74%
2.44
Capital Lease Obligations
1.09
-16.38%
1.30
-46.74%
2.44
Net Tangible Assets
-93.05
+13.67%
-107.78
+2.13%
-110.12
Tangible Book Value
-93.05
+13.67%
-107.78
+2.13%
-110.12
Available For Sale Securities
3.34
+10.81%
3.02
-7.00%
3.24
Current Deferred Taxes Liabilities
3.34
-4.16%
3.49
-3.06%
3.60
Derivative Product Liabilities
0.36
-0.82%
0.36
-71.44%
1.28
Financial Assets Designatedas Fair Value Through Profitor Loss Total
13.07
-0.20%
13.10
-11.68%
14.83
Foreign Currency Translation Adjustments
7.05
+19.76%
5.89
+14.52%
5.14
Investmentin Financial Assets
16.41
+1.86%
16.11
-10.84%
18.07
Investmentsin Associatesat Cost
2.24
0.00
0.00
Non Current Note Receivables
0.32
0.00
0.00
Other Equity Interest
144.60
+0.14%
144.40
+0.56%
143.59
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
29.45
+3.23%
28.52
+58.88%
17.95
-84.53%
116.08
Cash Flow From Continuing Operating Activities
29.45
+3.23%
28.52
+58.88%
17.95
-84.53%
116.08
Net Income From Continuing Operations
69.33
+171.52%
25.53
-44.63%
46.12
+522.33%
7.41
Depreciation Amortization Depletion
6.85
+10.89%
6.18
-1.51%
6.28
-9.06%
6.90
Depreciation
—
2.03
+15.22%
1.76
—
Amortization Cash Flow
—
4.15
-8.04%
4.51
—
Depreciation And Amortization
6.85
+10.89%
6.18
-1.51%
6.28
-9.06%
6.90
Amortization Of Intangibles
—
4.15
-8.04%
4.51
—
Other Non Cash Items
-1.68
+23.07%
-2.18
+42.54%
-3.79
-256.58%
-1.06
Stock Based Compensation
0.61
-52.35%
1.28
-37.11%
2.03
-45.83%
3.75
Provisionand Write Offof Assets
—
—
—
—
Asset Impairment Charge
-0.41
-601.23%
0.08
-98.66%
6.04
-93.57%
93.90
Deferred Tax
5.37
+18.98%
4.51
+16.24%
3.88
+3.16%
3.76
Deferred Income Tax
5.37
+18.98%
4.51
+16.24%
3.88
+3.16%
3.76
Operating Gains Losses
-2.38
-119.60%
12.12
+238.39%
-8.76
-166.82%
13.11
Gain Loss On Investment Securities
-5.26
-797.95%
-0.59
+95.38%
-12.67
-322.65%
-3.00
Unrealized Gain Loss On Investment Securities
—
1.70
+1376.52%
0.12
0.00
Net Foreign Currency Exchange Gain Loss
-0.80
-115.35%
5.19
+52.75%
3.40
+232.84%
1.02
Change In Working Capital
-44.07
-205.35%
-14.43
+55.92%
-32.74
-208.69%
-10.61
Change In Receivables
-0.38
-106.24%
6.01
+160.85%
-9.88
-119.65%
-4.50
Change In Payables And Accrued Expense
-1.76
+83.10%
-10.39
-1544.62%
-0.63
-127.70%
2.28
Change In Payable
-1.76
+83.10%
-10.39
-1544.62%
-0.63
-127.70%
2.28
Change In Other Working Capital
-41.94
-317.25%
-10.05
+54.78%
-22.23
-164.94%
-8.39
Investing Cash Flow
-22.40
-140.08%
55.90
+272.20%
-32.46
+81.10%
-171.78
Cash Flow From Continuing Investing Activities
-22.40
-140.08%
55.90
+272.20%
-32.46
+81.10%
-171.78
Net PPE Purchase And Sale
-0.31
+9.33%
-0.34
+53.59%
-0.74
+25.65%
-0.99
Purchase Of PPE
-0.31
+9.33%
-0.34
+53.59%
-0.74
+25.65%
-0.99
Capital Expenditure
-0.31
+28.54%
-0.44
+41.99%
-0.76
+28.64%
-1.06
Net Investment Purchase And Sale
-20.29
-132.57%
62.29
+296.66%
-31.68
+53.23%
-67.73
Purchase Of Investment
-44.70
+30.01%
-63.87
+40.40%
-107.16
-58.22%
-67.73
Sale Of Investment
24.41
-80.65%
126.16
+67.13%
75.48
0.00
Net Business Purchase And Sale
-2.31
+69.25%
-7.52
-1360.97%
-0.52
+99.29%
-72.08
Purchase Of Business
-2.31
+69.25%
-7.52
-1360.97%
-0.52
+99.29%
-72.08
Gain Loss On Sale Of Business
-0.12
0.00
0.00
-100.00%
4.97
Net Intangibles Purchase And Sale
0.00
+104.40%
-0.09
-468.75%
-0.02
+75.00%
-0.06
Purchase Of Intangibles
-0.00
+97.89%
-0.10
-493.75%
-0.02
+75.00%
-0.06
Net Other Investing Changes
-0.77
-496.90%
-0.13
+86.62%
-0.96
+96.88%
-30.91
Financing Cash Flow
-57.40
-27.74%
-44.94
-2206.72%
-1.95
-2.31%
-1.90
Cash Flow From Continuing Financing Activities
-57.40
-27.74%
-44.94
-2206.72%
-1.95
-2.31%
-1.90
Net Issuance Payments Of Debt
-1.33
+16.53%
-1.59
+15.91%
-1.89
-5.76%
-1.79
Issuance Of Debt
—
0.00
0.00
-100.00%
0.22
Repayment Of Debt
-1.33
+16.53%
-1.59
+15.91%
-1.89
+6.01%
-2.01
Long Term Debt Issuance
—
0.00
0.00
-100.00%
0.22
Long Term Debt Payments
-1.33
+16.53%
-1.59
+15.91%
-1.89
+6.01%
-2.01
Net Long Term Debt Issuance
-1.33
+16.53%
-1.59
+15.91%
-1.89
-5.76%
-1.79
Net Common Stock Issuance
0.00
+100.00%
-33.11
0.00
0.00
Common Stock Payments
0.00
+100.00%
-33.11
0.00
0.00
Common Stock Dividend Paid
—
—
0.00
0.00
Cash Dividends Paid
-55.99
0.00
0.00
0.00
Repurchase Of Capital Stock
0.00
+100.00%
-33.11
0.00
0.00
Proceeds From Stock Option Exercised
0.00
+100.00%
-10.16
0.00
0.00
Net Other Financing Charges
—
—
—
—
Changes In Cash
-50.36
-227.53%
39.49
+339.96%
-16.46
+71.43%
-57.60
Effect Of Exchange Rate Changes
2.22
+1025.00%
-0.24
-116.21%
1.48
-6.09%
1.58
Beginning Cash Position
111.05
+54.67%
71.80
-17.26%
86.77
-39.23%
142.80
End Cash Position
62.91
-43.35%
111.05
+54.67%
71.80
-17.26%
86.77
Free Cash Flow
29.13
+3.72%
28.09
+63.31%
17.20
-85.05%
115.02
Dividend Received CFO
—
—
—
-0.23
Dividends Received CFI
0.75
-45.30%
1.37
+27.18%
1.08
0.00
Earnings Losses From Equity Investments
3.80
-49.51%
7.52
+1360.97%
0.52
-94.91%
10.12
Interest Paid CFF
-0.08
-10.53%
-0.08
-35.71%
-0.06
+51.30%
-0.12
Interest Received CFI
0.53
+61.04%
0.33
-11.41%
0.37
0.00
Interest Received CFO
—
0.00
0.00
0.00
Sale Of Intangibles
0.01
+50.00%
0.00
0.00
0.00
Taxes Refund Paid
-4.18
+8.47%
-4.57
-319.85%
-1.09
-0.93%
-1.08
SEC Filings

No SEC filings found for this symbol (may be non-US or ticker not in SEC index).

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