# GDEV share price today (GDEV Inc., GDEV)

> GDEV Inc.'s balance sheet is under water: its net worth is negative, so it owes more than it owns. This is a high-risk situation: shareholders can be wiped out by new shares or a restructuring before the business recovers. GDEV · Communication Services · Electronic Gaming & Multimedia · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/gdev

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## Key numbers

- Business trend: Mixed, from fewer quarters than usual
- Price: $8.75 (−61.7% in a year)
- P/E: 2.1× (lower than 99% of the last 1 year)
- Revenue (Jun 2026): $93.6 M (−22.0% on a year ago)
- Profit (Jun 2026): $19.9 M (+20.0% on a year ago)
- Operating margin: 21.7% (+6.2 points on a year ago)
- ROE: −77%, FY25
- Profit that came in as cash: 54%, last 3 years

The main question: profits are rising, but only 54% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. ## What is the GDEV share price today? GDEV Inc.'s share price was $8.75 at the close on 3 November 2026. That is 37.6% below its average price over the last 200 trading days. In the last 52 weeks it traded between $9 and $22, and at that close it was at the low of that range. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 26 weeks running. Over the last 1 year the share price moved −44% while the S&P 500 moved +21%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 8 May 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does GDEV pay? GDEV Inc. pays no dividend. In the last 12 reported quarters it declared no dividend per share, so there is no payout history to chart and no yield to show. Companies like this usually keep their earnings in the business, so the cash-flow sections show where that cash goes. ## Which stock lists is GDEV on? GDEV is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is GDEV profitable? GDEV Inc. earned $19.9 M of net profit in the Jun 2026 quarter, +20.0% on the same quarter a year earlier. That is the 2nd quarter in a row of profit growth. Full-year FY25 profit was $69.3 M. That is 21.3% of the quarter's revenue. The same quarter a year earlier earned $16.6 M. 2 of the last 12 reported quarters were loss-making. For the full year, FY25 profit was $69.3 M (+171.5% on the year before). Why profit moved: revenue changed −22.0% on a year earlier and the margin moved +6.2 percentage points. Most of the change came from keeping more of each sale. On average over the last four quarters, profit changed +35.3% and revenue −13.2%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra dollar of revenue adds more to profit. ## How much revenue does GDEV make, and is it growing? GDEV Inc. reported $93.6 M of revenue in the Jun 2026 quarter, −22.0% on the same quarter a year earlier. Over 4 years it has grown −1.8% a year on average. The last full year, FY25, came in at $404 M. The last four reported quarters add to $377 M. FY25 revenue was $404 M, −3.9% on the year before. Recent pace: the last four quarters grew −13.2% on average, against −1.8% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew −13.5%, against −7.7% a year over the last 8 quarters (rolling over); profit over the last 12 months grew +73.8%, against +32.2% a year (accelerating). ## How much of every $100 of sales does GDEV keep? GDEV Inc.'s operating margin was 21.7% in the Jun 2026 quarter, 6.2 percentage points higher than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 5 years it has been between 0.5% and 17.6%. The latest quarter is above every full year in that period. Across 5 years it has been between 0.5% and 17.6%, and FY25's 17.6% is the highest of them. Why the margin moved: operating margin changed +6.2 percentage points on the year while gross margin changed −1.7 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales. As noted under valuation: when margins are at a record, every ratio built on profit looks better than usual, so a low multiple can mislead. ## Is GDEV's profit turning into cash? Over the last 3 years, 54% of GDEV Inc.'s reported profit came in as cash from its operations, a gap worth watching. In FY25 it brought in $29.4 M of operating cash against $69.3 M of profit. After $311 K of spending on assets, $29.1 M was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does GDEV's cash go? GDEV Inc. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $1.4 M on assets over the last 3 years. Averaged over those years that is 0.1% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $1.4 M over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is GDEV's P/E ratio, and how does it compare with its own history? GDEV Inc.'s P/E is 2.1×, about the lowest it has ever been. Its usual P/E (the middle reading) is 4.0×, over 1 year of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Keep one thing in mind: margins are the best this company has ever reported. A multiple that looks low against its own past can mislead when profit is at a record. If margins fall back, today's multiple is higher than it looks. Why the multiple is where it is: over the past year earnings per share moved +173.2% while the price moved −61.7%. Earnings did better than the price, which pulled the multiple down within its own range. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. ## Is the GDEV business getting better or worse? GDEV Inc.'s business is giving mixed signals. Growth has been steadily positive, but there is no return figure to confirm steady growth. This is based on 12 quarters of 3 measures, with some gaps. Why it matters: when the lines disagree, each line above matters more than any single label. The return-on-capital line is not shown: net worth is negative, so a return on capital means nothing. The balance sheet is in distress, and this reading uses the growth lines alone. This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution. ## How much does GDEV earn on its capital? GDEV Inc. earned a ROE of −77% in FY25. Its return on capital used (ROIC) is left out: on sales this small it reads 1,325%, a number that says nothing useful about the business. It comes from a 17.1% net margin and 1.73× asset turnover (sales divided by assets). Why the return is what it is (FY25): a 17.1% net margin × 1.73× asset turnover × −2.57× leverage (assets divided by equity) ≈ −76.0% on equity. The margin does most of the work; borrowing plays a small part, so this return is earned, not borrowed. ## Does GDEV have too much debt? GDEV Inc.'s net worth is negative: it owes more than it owns, so a debt-to-equity ratio means nothing here. Year by year, that ratio went from −0.01 in FY21 to −0.01 in FY25. So the returns on this page come from the business, not from borrowed money. ## What is the GDEV shareholding pattern? 0.1% of GDEV Inc.'s tradable shares are in short positions, which are bets that the price will fall, so very few traders are betting against this stock. At normal trading volumes, closing those positions would take about 0.8 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is GDEV from balance-sheet trouble? For GDEV Inc., the Z-score is 1.86. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is in the grey area between the two. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 1.86 is in the grey area, neither clearly safe nor clearly in trouble. ## How does GDEV rank in its industry? 59.4 out of 100, rank 3 of 9 in Electronic Gaming & Multimedia, with 81% of the evidence available. GDEV Inc. scores 59.4 out of 100 against the 9 companies it is compared with in Electronic Gaming & Multimedia, ranking 3. Earnings are strong; relative strength in its sector is -38.8% and the one-year return is -59.2%. The four parts add up to the total exactly: 23.8 + 19.9 + 14.6 + 1.1 = 59.4. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is GDEV compared with? GDEV ranks 3 of 9 Electronic Gaming & Multimedia companies on the 4-Factor Sector Score, with 59.4 out of 100. 1. [DoubleDown Interactive Co., Ltd.](https://www.sectoralpha.in/us/stocks/ddi) DDI · leader · Most evidence points up · 81% evidence 66.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.7/35 · Revenue 14.1% · Profit 16.8% · Operating margin change 0.5 points · 83% evidence Capital efficiency 16.8/25 · ROCE 13.5% · Operating margin 38.7% · 76% evidence Valuation 14.8/20 · P/E 4.5× · PEG 0.26 · 65% evidence Relative strength 17.6/20 · Lead over its industry 25% · Lead over S&P 500 19.4% · 1 year 52.7% · 100% evidence · 10 of 12 weeks ahead Exact sum: 17.7 + 16.8 + 14.8 + 17.6 = 66.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Electronic Arts Inc.](https://www.sectoralpha.in/us/stocks/ea) EA · Evidence leans up · 65% evidence 62.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.3/43.75 · Revenue 9.7% · Profit 51.8% · Operating margin change 14.9 points · 95% evidence Capital efficiency 18.5/31.25 · ROCE 5.6% · Operating margin 25.8% · 76% evidence Valuation 16.1/25 · P/E 47.5× · PEG 0.86 · 65% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 28.3 + 18.5 + 16.1 = 62.9 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: There is no relative-strength reading for this week, so the score is built from earnings, capital efficiency and valuation alone. 3. GDEV Inc. this page GDEV · quiet · Evidence leans up · 81% evidence 59.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.8/35 · Revenue -13.5% · Profit 71.1% · Operating margin change 6.2 points · 83% evidence Capital efficiency 19.9/25 · ROCE 415.5% · Operating margin 21.7% · 76% evidence Valuation 14.6/20 · P/E 3× · PEG 0.86 · 65% evidence Relative strength 1.1/20 · Lead over its industry -38.8% · Lead over S&P 500 -41.7% · 1 year -59.2% · 100% evidence · 0 of 12 weeks ahead Exact sum: 23.8 + 19.9 + 14.6 + 1.1 = 59.4 · What this means: Earnings are strong; relative strength in its sector is -38.8% and the one-year return is -59.2%. 4. [Playtika Holding Corp.](https://www.sectoralpha.in/us/stocks/pltk) PLTK · basing · Evidence leans down · 71% evidence 48.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.4/35 · Revenue 5.9% · Profit -425.6% · Operating margin change 7.7 points · 83% evidence Capital efficiency 17.9/25 · ROCE 17.5% · Operating margin 18.8% · 76% evidence Valuation 11.5/20 · P/E -5.1× · PEG n/a · 15% evidence Relative strength 1.9/20 · Lead over its industry -37.6% · Lead over S&P 500 -40.7% · 1 year -52.9% · 100% evidence · 0 of 12 weeks ahead Exact sum: 17.4 + 17.9 + 11.5 + 1.9 = 48.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Roblox Corporation](https://www.sectoralpha.in/us/stocks/rblx) RBLX · turning · Evidence leans down · 61% evidence 47.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.6/35 · Revenue 41.3% · Profit n/a · Operating margin change 16.5 points · 62% evidence Capital efficiency 4.8/25 · ROCE -25.7% · Operating margin -13.3% · 76% evidence Valuation 10.0/20 · P/E n/a · PEG n/a · 0% evidence Relative strength 8.6/20 · Lead over its industry -22.5% · Lead over S&P 500 -26.2% · 1 year -57.5% · 100% evidence · 3 of 12 weeks ahead Exact sum: 23.6 + 4.8 + 10 + 8.6 = 47 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Firy Inc.](https://www.sectoralpha.in/us/stocks/firy) FIRY · leader · Evidence leans down · 64% evidence 46.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.6/35 · Revenue 30% · Profit n/a · Operating margin change -6.2 points · 62% evidence Capital efficiency 3.3/25 · ROCE -80% · Operating margin -69.6% · 76% evidence Valuation 11.1/20 · P/E -2.8× · PEG n/a · 15% evidence Relative strength 19.4/20 · Lead over its industry 77.3% · Lead over S&P 500 68.7% · 1 year 101.5% · 100% evidence · 11 of 12 weeks ahead Exact sum: 12.6 + 3.3 + 11.1 + 19.4 = 46.4 · What this means: Relative strength against the index is 68.7%, and revenue and profit growth are weak. 7. [Sohu.com Limited](https://www.sectoralpha.in/us/stocks/sohu) SOHU · basing · Evidence leans down · 64% evidence 46.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.8/35 · Revenue 9.1% · Profit 83.2% · Operating margin change 4.2 points · 62% evidence Capital efficiency 7.0/25 · ROCE -3.1% · Operating margin -13.5% · 76% evidence Valuation 10.6/20 · P/E 1.4× · PEG n/a · 15% evidence Relative strength 10.8/20 · Lead over its industry -11.7% · Lead over S&P 500 -15.5% · 1 year -13.2% · 100% evidence · 0 of 12 weeks ahead Exact sum: 17.8 + 7 + 10.6 + 10.8 = 46.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [Take-Two Interactive Software, Inc.](https://www.sectoralpha.in/us/stocks/ttwo) TTWO · quiet · Evidence leans down · 64% evidence 44.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.3/35 · Revenue 15.3% · Profit n/a · Operating margin change -0.9 points · 62% evidence Capital efficiency 8.6/25 · ROCE -1.4% · Operating margin 0.5% · 76% evidence Valuation 9.4/20 · P/E 42.5× · PEG n/a · 15% evidence Relative strength 6.9/20 · Lead over its industry -12.8% · Lead over S&P 500 -16.9% · 1 year -16% · 100% evidence · 0 of 12 weeks ahead Exact sum: 19.3 + 8.6 + 9.4 + 6.9 = 44.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. CTW CTW · quiet · Too little evidence to rank firmly · 51% evidence 34.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.0/35 · Revenue n/a · Profit n/a · Operating margin change -12.3 points · 26% evidence Capital efficiency 7.2/25 · ROCE -17.5% · Operating margin -13.4% · 76% evidence Valuation 8.9/20 · P/E 43× · PEG n/a · 15% evidence Relative strength 3.9/20 · Lead over its industry -18.1% · Lead over S&P 500 -22% · 1 year -27.6% · 100% evidence · 1 of 12 weeks ahead Exact sum: 14 + 7.2 + 8.9 + 3.9 = 34 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Electronic Gaming & Multimedia](https://www.sectoralpha.in/us/sectors/electronic-gaming-multimedia), all 9 compared on one page. ## Which companies are close to GDEV in size? GDEV is the 10th largest of 10 Electronic Gaming & Multimedia companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: Roblox Corporation, Playtika Holding Corp., DoubleDown Interactive Co., Gravity Co., Sohu.com and Firy Inc. It is the smallest. ### Electronic Gaming & Multimedia companies close in size

1. [Roblox Corporation](https://www.sectoralpha.in/us/stocks/rblx) $32.5 billion
2. [Playtika Holding Corp.](https://www.sectoralpha.in/us/stocks/pltk) $767 million
3. [DoubleDown Interactive Co., Ltd.](https://www.sectoralpha.in/us/stocks/ddi) $659 million
4. [Gravity Co., Ltd.](https://www.sectoralpha.in/us/stocks/grvy) $474 million
5. [Sohu.com Limited](https://www.sectoralpha.in/us/stocks/sohu) $337 million
6. [Firy Inc.](https://www.sectoralpha.in/us/stocks/firy) $208 million
7. GDEV Inc. $159 million

[All 10 Electronic Gaming & Multimedia companies, largest first](https://www.sectoralpha.in/us/sectors/electronic-gaming-multimedia#all-companies)

## What else do people ask about GDEV? ### What were GDEV's latest quarterly results? GDEV Inc. reported revenue of $93.6 M and net profit of $19.9 M for the Jun 2026 quarter. Revenue fell 22.0% and profit rose 20.0% compared with a year earlier. Earnings per share were $1.08. The operating margin was 21.7%, 6.2 percentage points higher than a year earlier (as of 3 November 2026). ### What is GDEV's market cap? GDEV Inc.'s market capitalisation is $159 M at a stock price of $8.75. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### What is GDEV's P/E ratio? GDEV Inc.'s P/E is 2.1×, higher than 1% of its own last 1 years. Its usual level (the middle reading) is 4.0×. This compares the price with the company's own past; it is not a view on what the shares are worth (as of 3 November 2026). ### How is GDEV valued against its own history? Against its own history, GDEV Inc.'s valuation is low: its P/E of 2.1× has been lower only 1% of the time in 1 years (usual level 4.0×). This compares the price with the company's own past; it is not a view on what the shares are worth or where the price goes next. One thing to keep in mind: margins are the best this company has ever reported, and a multiple can look low when profit is at a record (as of 3 November 2026). ### How is GDEV performing? GDEV Inc.'s latest readings are below. In its latest quarter, revenue fell 22.0% and profit rose 20.0% compared with a year earlier. Over the past 13 weeks it has done worse than the S&P 500, for 26 weeks running. This describes what the data did, not a rating (as of 3 November 2026). ### Will GDEV's stock price go up? This page does not forecast GDEV Inc.'s stock price. What it shows instead: the stock price is $8.75. Its P/E of 2.1× is higher than 1% of its own last 1 years. Nobody can reliably say which way a price will move, and this site does not try (as of 3 November 2026). ### Where is GDEV in its business cycle? GDEV Inc.'s FY25 operating margin was 17.6%, against a 5-year range of 0.5% to 17.6%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 21.7%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the GDEV story? The main question: profits are rising, but only 54% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is GDEV a stock worth studying right now? What the numbers show: GDEV Inc.'s balance sheet is under water: its net worth is negative, so it owes more than it owns. This is a high-risk situation: shareholders can be wiped out by new shares or a restructuring before the business recovers. The main open question: whether the business can earn its way back to positive net worth before new shares or a restructuring get there first. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). This is research, not advice. We’re not SEBI-registered.