GDEV
Builds and develops game franchises across mobile, web, and Steam.
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Profile
Operates game studios and franchises, including Hero Wars and Pixel Gun 3D. The holding-company model brings together studios developing games across mobile, web, and Steam.
Operates as a gaming and entertainment holding company built from the Nexters studio lineage and the Hero Wars franchise. Its current portfolio includes Nexters, Cubic Games, Royal Ark, Game Gears, and Light Hour Games, with titles such as Hero Wars, Pixel Gun 3D, and Island Hoppers.
Games reach players across mobile, web, and Steam, while the group develops franchise IP across genres and platforms. Recent portfolio expansion includes Light Hour Games and a majority interest in Royal Ark. Founder Andrey Fadeev currently serves as both chief executive and board chair.
Company facts
Categories
Key statistics
Year to date −23.8% · Average volume (30d) 9.4K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 21, 2026Q2 FY26 | $1.08 | $1.08 | 0.0% | $109.0M | $93.6M | −14.2% | −5.09% |
| May 19, 2026Q1 FY26 | $0.67 | $0.75 | +11.9% | $92.0M | $92.0M | 0.0% | +0.06% |
| Mar 5, 2026Q4 FY25 | $0.80 | $0.65 | −18.8% | $95.8M | $90.0M | −6.1% | 0.00% |
| Nov 24, 2025Q3 FY25 | $0.42 | $1.32 | +214.3% | $96.5M | $97.6M | +1.1% | +2.23% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $97.0M | $119.9M | $97.6M | $90.0M | $99.0M | $93.6M | |
| Gross profit | $62.9M | $80.5M | $62.5M | $57.0M | $65.0M | $61.0M | |
| Operating income | $13.1M | $18.6M | $24.9M | $13.0M | $18.0M | $19.8M | |
| Net income | $14.3M | $16.6M | $24.1M | $14.0M | $17.0M | $19.9M | |
| Diluted EPS | $0.77 | $0.90 | $1.32 | $0.77 | $0.94 | $1.08 | |
| Gross margin | 64.9% | 67.1% | 64.1% | 63.3% | 65.7% | 65.2% | |
| Operating margin | 13.5% | 15.5% | 25.5% | 14.4% | 18.2% | 21.2% |
Fiscal years (4-quarter sums)FY21 $434.1M · FY22 $479.7M · FY23 $464.5M · FY24 $421.0M · FY25 $404.5M
Revenue by product · FY25
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $121.5M · Total debt $1.7M · Total assets $240.3M · Shareholders' equity −$51.7M
Dividends
To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Mar 12, 2025 | Mar 3 | $3.31 |
Ownership
Shares outstanding 18.15M · Float 2.46M · 13.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Andrey Fadeev · director, officer: Chief Executive Officer | 6.71M | 36.97% | Form 4 | Mar 18, 2026 |
| Igor Bukhman · director | 3.72M | 20.50% | Form 4 | Mar 18, 2026 |
| Anton Reingold · officer: See Remarks | 383.5K | 2.11% | Form 4 | Aug 24, 2026 |
| Andrew Jeremy Sheppard · director | 8.4K | 0.05% | Form 4 | Aug 12, 2026 |
| Alexander Karavaev · officer: Chief Financial Officer | 1.7K | 0.01% | Form 4 | Mar 18, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 3, 2026 | Marie Juliette France Holive | director | −10,654 | $13.45 |
Peers
- Gravity (ADR)
Cross-platform fantasy RPG overlap through the Ragnarok franchise
- NetEase (ADR)
Large online-games portfolio spanning mobile and PC experiences
- Playtika
Casual mobile-game engagement and monetization overlap
- Roblox
Mobile and PC playtime competes through shared gaming experiences
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| GDEV | $11.00 | −2.65% | $197.3M | 2.6 | — | 0.5 | −22.0% |
| Gravity (ADR) | $75.16 | −0.04% | $522.3M | 12.0 | — | 1.6 | −15.5% |
| NetEase (ADR) | $122.56 | −0.11% | $78.37B | 16.4 | 15.1 | 4.5 | +13.9% |
| Playtika | $2.28 | −2.15% | $882.5M | — | 3.3 | 0.3 | +5.0% |
| Roblox | $38.60 | +0.16% | $27.52B | — | — | 4.8 | +44.1% |
| Median | 14.2 | 9.2 | 3.1 | +9.5% |