GDEV Inc.
GDEV Inc. develops and publishes online games in the United States, Europe, Asia, and internationally. Its core product offering includes Hero Wars, offers a suite of games across mobile, social, and web-based platforms, as well as franchises gaming in the role-playing game genre. The company was formerly known as Nexters Inc. and changed its name to GDEV Inc. in June 2023. GDEV Inc. was founded … Read more
GDEV Inc. (GDEV) - Net Assets
Latest net assets as of September 2025: $-105.02 Million USD
Based on the latest financial reports, GDEV Inc. (GDEV) has net assets worth $-105.02 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($220.67 Million) and total liabilities ($325.69 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-105.02 Million |
| % of Total Assets | -47.59% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
GDEV Inc. - Net Assets Trend (2019–2024)
This chart illustrates how GDEV Inc.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for GDEV Inc. (2019–2024)
The table below shows the annual net assets of GDEV Inc. from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $-101.53 Million | -1.72% |
| 2023-12-31 | $-99.81 Million | +32.91% |
| 2022-12-31 | $-148.78 Million | +7.62% |
| 2021-12-31 | $-161.05 Million | -58.03% |
| 2020-12-31 | $-101.91 Million | -109.82% |
| 2019-12-31 | $-48.57 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to GDEV Inc.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 19184300000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Comprehensive Income | $5.89 Million | % |
| Other Components | $141.13 Million | % |
| Total Equity | $-101.53 Million | 100.00% |
GDEV Inc. Competitors by Market Cap
The table below lists competitors of GDEV Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Apcotex Industries Limited
NSE:APCOTEXIND
|
$78.33 Million |
|
Girisim Elektrik Taahhut Ticaret & Sanayi AS
IS:GESAN
|
$78.34 Million |
|
Daishin Balance No.6 Special Purpose Acquisition Co. Ltd
KQ:307750
|
$78.38 Million |
|
Zespol Elektrowni Patnow Adamow Konin SA
WAR:ZEP
|
$78.38 Million |
|
INTELLICHECK MOBI.DL-001
F:J5L1
|
$78.31 Million |
|
Iceland Seafood International hf.
IC:ICESEA
|
$78.24 Million |
|
Evertop Wire Cable Corp
TW:1616
|
$78.22 Million |
|
VisionWave Holdings, Inc. Common Stock
NASDAQ:VWAV
|
$78.21 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in GDEV Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -99,812,000 to -101,529,000, a change of -1,717,000.
- Net income of 25,534,000 contributed positively to equity growth.
- Share repurchases of 33,109,000 reduced equity.
- Other comprehensive income decreased equity by 142,846,000.
- Other factors increased equity by 148,704,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $25.53 Million | +25.15% |
| Share Repurchases | $33.11 Million | -32.61% |
| Other Comprehensive Income | $-142.85 Million | -140.69% |
| Other Changes | $148.70 Million | +146.46% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares GDEV Inc.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $-2.47 | $14.15 | x |
| 2020-12-31 | $-5.77 | $14.15 | x |
| 2021-12-31 | $-8.78 | $14.15 | x |
| 2022-12-31 | $-7.52 | $14.15 | x |
| 2023-12-31 | $-4.98 | $14.15 | x |
| 2024-12-31 | $-5.51 | $14.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently GDEV Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.07%
- • Asset Turnover: 1.55x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is below the historical average (0.00%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 0.00% | -37.87% | 1.17x | 0.00x | $-30.67 Million |
| 2020 | 0.00% | -0.29% | 1.23x | 0.00x | $9.44 Million |
| 2021 | 0.00% | -27.05% | 1.39x | 0.00x | $-101.33 Million |
| 2022 | 0.00% | 1.52% | 1.49x | 0.00x | $22.18 Million |
| 2023 | 0.00% | 9.93% | 1.45x | 0.00x | $56.10 Million |
| 2024 | 0.00% | 6.07% | 1.55x | 0.00x | $35.69 Million |
Industry Comparison
This section compares GDEV Inc.'s net assets metrics with peer companies in the Electronic Gaming & Multimedia industry.
Industry Context
- Industry: Electronic Gaming & Multimedia
- Average net assets among peers: $3,313,913,293
- Average return on equity (ROE) among peers: -81.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| GDEV Inc. (GDEV) | $-105.02 Million | 0.00% | N/A | $78.31 Million |
| Alliance Media Holdings Inc (ADTR) | $3.34 Million | 5.56% | 2.25x | $1.00 |
| Alpha Esports Tech Inc (APETF) | $2.65 Million | -47.32% | 0.21x | $1.19K |
| Atlantis Internet Group Corp (ATIG) | $-2.11 Million | 0.00% | 0.00x | $1.96 |
| Kuuhubb Inc (BCDMF) | $448.25K | -290.46% | 0.57x | $333.35K |
| Blue Hat Interactive Entertainment (BHAT) | $6.95 Million | 37.02% | 0.79x | $1.57K |
| i3 Interactive Inc (BLITF) | $439.47K | -289.81% | 0.19x | $21.80K |
| Global Gaming Technologies Corp (BLKCF) | $3.39 Million | -79.50% | 0.30x | $12.22K |
| Capcom Co. Ltd (CCOEF) | $32.49 Billion | 11.15% | 2.27x | $8.38 Billion |
| Doubledown Interactive Co Ltd (DDI) | $626.23 Million | -37.36% | 0.26x | $7.07 Million |
| DarkIris Inc. Class A Ordinary Shares (DKI) | $6.78 Million | -127.41% | 0.25x | $2.82 Million |