Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of GDEV.
Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|---|
| Revenue | $420.93M | $464.55M | $479.69M | $434.09M | $260.89M | $93.81M |
| Cost of Revenue | $142.02M | $160.69M | $173.66M | $136.17M | $92.55M | $44.49M |
| Gross Profit | $278.92M | $303.86M | $306.03M | $297.92M | $168.34M | $49.32M |
| Gross Profit Ratio | 66.26% | 65.41% | 63.80% | 68.63% | 64.52% | 52.57% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $32.74M | $31.79M | $36.83M | $23.03M | $3.69M | $2.61M |
| Selling and Marketing Expenses | $200.82M | $218.35M | $146.45M | $270.17M | $165.76M | $82.18M |
| Selling General and Administrative Expenses | $233.56M | $250.15M | $183.28M | $293.20M | $169.44M | $84.79M |
| Other Expenses | $4.85M | $15.35M | $5.57M | $2.54M | $561.00K | $286.00K |
| Operating Expenses | $238.42M | $265.50M | $188.85M | $295.74M | $170.01M | $85.08M |
| Cost and Expenses | $380.44M | $426.19M | $362.51M | $431.91M | $262.56M | $129.57M |
| Interest Income | $2.34M | $4.02M | $1.64M | $- | $7.00K | $84.00K |
| Interest Expense | $205.00K | $408.00K | $482.00K | $91.00K | $45.00K | $168.00K |
| Depreciation and Amortization | $6.18M | $6.28M | $6.90M | $2.54M | $561.00K | $286.00K |
| EBITDA | $36.43M | $56.68M | $19.14M | $4.72M | $-1.11M | $-35.47M |
| EBITDA Ratio | 8.65% | 12.20% | 3.99% | 1.09% | -0.42% | -37.81% |
| Operating Income | $40.50M | $38.36M | $108.34M | $127.62M | $-1.67M | $-35.76M |
| Operating Income Ratio | 9.62% | 8.26% | 22.59% | 29.40% | -0.64% | -38.12% |
| Total Other Income Expenses Net | $-10.45M | $11.63M | $-7.68M | $6.94M | $1.78M | $240.00K |
| Income Before Tax | $30.04M | $49.99M | $11.17M | $-116.32M | $111.00K | $-35.52M |
| Income Before Tax Ratio | 7.14% | 10.76% | 2.33% | -26.80% | 0.04% | -37.86% |
| Income Tax Expense | $4.51M | $3.88M | $3.76M | $1.13M | $862.00K | $7.00K |
| Net Income | $25.53M | $46.12M | $7.30M | $-117.44M | $-751.00K | $-35.53M |
| Net Income Ratio | 6.07% | 9.93% | 1.52% | -27.05% | -0.29% | -37.87% |
| EPS | $1.40 | $2.30 | $0.37 | $-6.40 | $-0.04 | $-1.81 |
| EPS Diluted | $1.38 | $2.30 | $0.37 | $-6.40 | $-0.04 | $-1.81 |
| Weighted Average Shares Outstanding | 18.20M | 20.05M | 19.80M | 18.35M | 17.66M | 19.65M |
| Weighted Average Shares Outstanding Diluted | 18.44M | 20.03M | 19.80M | 18.35M | 17.66M | 19.65M |
| SEC Filing | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $111.05M | $71.80M | $86.77M | $142.80M | $84.56M | $17.57M |
| Short Term Investments | $23.76M | $84.24M | $50.37M | $2.46M | $2.04M | $910.00K |
| Cash and Short Term Investments | $134.81M | $156.03M | $137.14M | $142.80M | $84.56M | $18.48M |
| Net Receivables | $38.08M | $48.80M | $42.90M | $42.75M | $30.94M | $23.77M |
| Inventory | $- | $3.25M | $6.31M | $- | $1 | $1 |
| Other Current Assets | $6.71M | $5.79M | $62.18M | $5.60M | $5.18M | $633.00K |
| Total Current Assets | $179.60M | $213.88M | $188.87M | $191.15M | $120.68M | $42.88M |
| Property Plant Equipment Net | $2.91M | $4.07M | $2.25M | $3.40M | $1.22M | $133.00K |
| Goodwill | $1.84M | $1.84M | $1.84M | $1.50M | $- | $- |
| Intangible Assets | $4.42M | $8.48M | $12.98M | $266.00K | $76.00K | $336.00K |
| Goodwill and Intangible Assets | $6.25M | $10.31M | $14.81M | $1.77M | $76.00K | $336.00K |
| Long Term Investments | $16.11M | $18.07M | $17.90M | $116.53M | $- | $- |
| Tax Assets | $103.00K | $122.00K | $108.00K | $25.00K | $- | $- |
| Other Non-Current Assets | $67.22M | $74.10M | $98.11M | $107.00K | $89.59M | $37.12M |
| Total Non-Current Assets | $92.60M | $106.68M | $133.18M | $121.83M | $90.88M | $37.59M |
| Other Assets | $- | $- | $- | $- | $- | $- |
| Total Assets | $272.20M | $320.55M | $322.04M | $312.98M | $211.55M | $80.47M |
| Account Payables | $12.95M | $21.71M | $22.30M | $16.19M | $9.79M | $13.01M |
| Short Term Debt | $1.28M | $1.46M | $743.00K | $831.00K | $342.00K | $4.03M |
| Tax Payables | $3.54M | $6.92M | $5.26M | $814.00K | $306.00K | $- |
| Deferred Revenue | $222.69M | $234.18M | $295.55M | $294.61M | $215.56M | $1.17M |
| Other Current Liabilities | $22.99M | $38.50M | $8.55M | $10.38M | $7.42M | $88.98M |
| Total Current Liabilities | $263.45M | $302.76M | $332.40M | $322.82M | $233.42M | $106.02M |
| Long Term Debt | $18.00K | $983.00K | $-40.07M | $1.10M | $818.00K | $66.00K |
| Deferred Revenue Non-Current | $109.89M | $115.34M | $96.89M | $128.07M | $79.22M | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $40.51M | $- | $-79.22M | $- |
| Other Non-Current Liabilities | $365.00K | $1.28M | $577.00K | $22.03M | $- | $22.95M |
| Total Non-Current Liabilities | $110.27M | $117.61M | $138.42M | $151.21M | $80.04M | $23.02M |
| Other Liabilities | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $373.73M | $420.37M | $470.82M | $474.03M | $313.46M | $129.03M |
| Preferred Stock | $- | $- | $- | $- | $- | $- |
| Common Stock | $- | $- | $- | $- | $27.00K | $27.00K |
| Retained Earnings | $-248.54M | $-274.08M | $-320.19M | $-327.50M | $-114.02M | $-56.70M |
| Accumulated Other Comprehensive Income Loss | $5.89M | $148.74M | $3.49M | $166.41M | $12.08M | $8.11M |
| Other Total Stockholders Equity | $141.13M | $25.53M | $167.93M | $25.88M | $- | $1 |
| Total Stockholders Equity | $-101.53M | $-99.81M | $-148.78M | $-161.09M | $-101.91M | $-48.57M |
| Total Equity | $-101.53M | $-99.81M | $-148.78M | $-161.05M | $-101.91M | $-48.57M |
| Total Liabilities and Stockholders Equity | $272.20M | $320.55M | $322.04M | $312.98M | $211.55M | $80.47M |
| Minority Interest | $- | $- | $- | $44.00K | $- | $- |
| Total Liabilities and Total Equity | $272.20M | $320.55M | $322.04M | $312.98M | $211.55M | $80.47M |
| Total Investments | $39.87M | $102.31M | $68.27M | $116.53M | $2.04M | $910.00K |
| Total Debt | $1.30M | $2.44M | $1.19M | $1.93M | $1.16M | $4.03M |
| Net Debt | $-109.75M | $-69.36M | $-85.59M | $-140.87M | $-83.40M | $-13.54M |
Cash Flow Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|---|
| Net Income | $25.53M | $46.12M | $7.41M | $-117.44M | $-751.00K | $-35.53M |
| Depreciation and Amortization | $6.18M | $6.28M | $6.90M | $2.54M | $561.00K | $286.00K |
| Deferred Income Tax | $4.51M | $3.88M | $3.76M | $1.13M | $862.00K | $7.00K |
| Stock Based Compensation | $1.28M | $2.03M | $3.75M | $3.76M | $2.28M | $6.46M |
| Change in Working Capital | $-14.43M | $-32.74M | $-10.61M | $97.87M | $123.59M | $44.25M |
| Accounts Receivables | $6.01M | $-9.88M | $-4.50M | $-12.68M | $-7.49M | $-20.44M |
| Inventory | $- | $- | $2.22M | $3.08M | $8.55M | $- |
| Accounts Payables | $- | $-632.00K | $2.28M | $9.60M | $-1.06M | $- |
| Other Working Capital | $-20.45M | $-22.23M | $-10.61M | $97.87M | $123.59M | $64.69M |
| Other Non Cash Items | $5.46M | $-7.61M | $104.87M | $117.66M | $-5.91M | $-527.00K |
| Net Cash Provided by Operating Activities | $28.52M | $17.95M | $116.08M | $105.52M | $120.62M | $14.95M |
| Investments in Property Plant and Equipment | $-343.00K | $-755.00K | $-1.06M | $-1.44M | $-147.00K | $-102.00K |
| Acquisitions Net | $-7.52M | $-515.00K | $-72.08M | $-1.16M | $- | $- |
| Purchases of Investments | $-63.87M | $-107.16M | $-67.73M | $- | $-250.00M | $- |
| Sales Maturities of Investments | $126.16M | $75.48M | $-64.00K | $- | $- | $- |
| Other Investing Activities | $1.48M | $482.00K | $-30.85M | $-123.00K | $250.51M | $-243.00K |
| Net Cash Used for Investing Activities | $55.90M | $-32.46M | $-171.78M | $-2.72M | $361.00K | $-345.00K |
| Debt Repayment | $-1.59M | $-1.89M | $-2.01M | $-2.18M | $-4.32M | $4.05M |
| Common Stock Issued | $- | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $-33.11M | $- | $- | $- | $- | $- |
| Dividends Paid | $- | $- | $- | $-160.37M | $-51.68M | $-4.12M |
| Other Financing Activities | $-10.23M | $-56.00K | $109.00K | $119.57M | $-43.00K | $-85.00K |
| Net Cash Used Provided by Financing Activities | $-44.94M | $-1.95M | $-1.90M | $-42.98M | $-56.05M | $-156.00K |
| Effect of Forex Changes on Cash | $-240.00K | $1.48M | $1.58M | $-1.57M | $2.05M | $39.00K |
| Net Change in Cash | $39.25M | $-14.98M | $-56.03M | $58.24M | $66.99M | $14.49M |
| Cash at End of Period | $111.05M | $71.80M | $86.77M | $142.80M | $84.56M | $17.57M |
| Cash at Beginning of Period | $71.80M | $86.77M | $142.80M | $84.56M | $17.57M | $3.07M |
| Operating Cash Flow | $28.52M | $17.95M | $116.08M | $105.52M | $120.62M | $14.95M |
| Capital Expenditure | $-438.00K | $-739.00K | $-1.06M | $-1.44M | $-147.00K | $-102.00K |
| Free Cash Flow | $28.09M | $17.20M | $115.02M | $104.08M | $120.48M | $14.85M |