Gdev Inc. key statistics and ratios

In fiscal 2025, Gdev Inc. had an operating margin of 17.6% and a current ratio of 0.67. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Gdev Inc.: financial ratios, annual
Fiscal year	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Operating margin	−38.1%	−0.6%	−28.4%	3.9%	8.3%	9.6%	17.6%
Net margin	−37.9%	−0.3%	−27.1%	1.5%	9.9%	6.1%	17.1%
Free-cash-flow margin	15.9%	46.2%	24.1%	24.0%	3.7%	6.7%	7.2%
Return on assets	—	−0.4%	−44.8%	2.3%	14.4%	8.6%	27.4%
Asset turnover	—	1.23	1.66	1.51	1.45	1.42	1.60
Current ratio	—	0.52	0.59	0.57	0.71	0.68	0.67
Interest cover (operating income ÷ interest)	n/m	n/m	n/m	162.5x	—	—	—
Effective tax rate	—	—	—	33.7%	7.8%	15.0%	7.2%
Capital spending as % of revenue	0.0%	0.1%	0.3%	0.2%	0.2%	0.1%	0.1%
Free cash flow ÷ net income	—	—	—	>999%	37.3%	110.4%	42.0%
Dividends ÷ net income	—	—	—	—	—	—	80.8%
Dividends and buybacks ÷ free cash flow	27.6%	42.9%	153.6%	—	—	117.5%	192.2%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

2 of 3 checks passed · December 31, 2025

What it owns · $233m

Short-term assets $155mLonger-term assets $78m

What it owes, and who funded it · $324m

Short-term liabilities $232mLonger-term liabilities $92mShareholders' equity $-91m

Short-term assets cover short-term liabilities $155m of assets due within a year against $232m of liabilities due within a year.
Short-term assets cover long-term liabilities $155m short-term assets against $92m of longer-dated liabilities.
More cash than debt Cash or debt not separately reported. Not assessable.
Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
Operating profit covers interest at least five times over Operating income of $71m against $84,000 of interest.

From Gdev Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Gdev Inc.'s SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Gdev Inc.