Gravity (ADR)
Develops and publishes Ragnarok games across online and mobile formats.
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Profile
Develops and publishes online and mobile games built around the Ragnarok franchise. Mobile games provide most revenue, while regional subsidiaries distribute and service games across Asian markets and the United States.
Develops and publishes online and mobile games, with Ragnarok Online, Ragnarok Zero, Ragnarok M, Ragnarok X, and newer franchise titles forming the core catalogue. It also has indie and console releases, webtoons, merchandising, and golf simulators.
Mobile games are the largest revenue line, while online games remain a separate line. Releases are supported by regional subsidiaries and service entities across Asian markets and the United States.
Ragnarok M: Classic and Ragnarok X: Next Generation have been launched in multiple regions, alongside online-game launches such as Ragnarok Online America Latina and Ragnarok Zero. The business operates under the control of GungHo Online Entertainment.
Company facts
Categories
Key statistics
Year to date +28.3% · Average volume (30d) 42.4K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 7, 2026Q2 FY26 | — | $2.26 | — | — | $105.6M | — | +11.43% |
| May 8, 2026Q1 FY26 | — | $2.78 | — | — | $73.2K | — | −2.29% |
| Mar 27, 2026Q4 FY25 | — | $1.07 | — | — | $54.1K | — | −0.13% |
| Nov 7, 2025Q3 FY25 | — | $2.04 | — | — | $98.5M | — | +0.75% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $69.0M | $88.8M | $73.1M | $57.1M | $82.7M | $118.0M | |
| Gross profit | $25.1M | $29.5M | $26.5M | $19.7M | $28.6M | $38.2M | |
| Operating income | $12.4M | $10.4M | $11.3M | $6.5M | $8.5M | $20.1M | |
| Net income | $11.1M | $6.9M | $10.5M | $6.2M | $9.0M | $17.7M | |
| Diluted EPS | $1.59 | $0.99 | $1.50 | $0.89 | $1.29 | $2.55 | |
| Gross margin | 36.4% | 33.2% | 36.3% | 34.5% | 34.5% | 32.3% | |
| Operating margin | 18.0% | 11.7% | 15.5% | 11.3% | 10.3% | 17.0% |
Fiscal years (4-quarter sums)FY21 $225.3M · FY22 $192.4M · FY23 $226.0M · FY24 $362.0M · FY25 $288.1M
Revenue by product · FY25
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $148.4M · Total debt $0 · Total assets $541.5M · Shareholders' equity $464.4M
Dividends
No dividends on record.
Ownership
Shares outstanding 6.95M · Float 2.83M · 40.7% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Acadian Asset Management LLC | 226.2K | 3.26% | 13F | May 13, 2026 |
| Morgan Stanley | 159.2K | 2.29% | 13F | May 15, 2026 |
| Ranmore Fund Management Ltd | 139.7K | 2.01% | 13F | May 11, 2026 |
| Militia Capital Management LLC | 61.8K | 0.89% | 13F | Aug 12, 2026 |
| UBS Group AG | 53.4K | 0.77% | 13F | May 5, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
Not reported.