GDEV Inc. (GDEV) - Net Assets
Based on the latest financial reports, GDEV Inc. (GDEV) has net assets worth $-90.56 Million USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($233.11 Million) and total liabilities ($323.68 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. Check GDEV tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-90.56 Million |
| % of Total Assets | -38.85% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
GDEV Inc. - Net Assets Trend (2019–2025)
This chart illustrates how GDEV Inc.'s net assets have evolved over time, based on quarterly financial data. See GDEV defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for GDEV Inc. (2019–2025)
The table below shows the annual net assets of GDEV Inc. from 2019 to 2025. For live valuation and market cap data, see market cap of GDEV Inc..
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $-90.56 Million | +10.80% |
| 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 18252000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Comprehensive Income | $7.05 Million | % |
| Other Components | $141.60 Million | % |
| Total Equity | $-90.56 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 |
|---|---|
|
Advanced Information Technology Public Company Limited
BK:AIT
|
$225.08 Million |
|
Dafeng TV Ltd
TW:6184
|
$225.38 Million |
|
Orge Enerji Elektrik Taahhut AS
IS:ORGE
|
$225.40 Million |
|
Comstock Mining Inc
NYSE MKT:LODE
|
$225.46 Million |
|
Eastern Water Resources Development and Management Public Company Limited
BK:EASTW
|
$225.06 Million |
|
Oportun Financial Corp
NASDAQ:OPRT
|
$225.03 Million |
|
Egetis Therapeutics AB (publ)
ST:EGTX
|
$224.90 Million |
|
Chung Hwa Food Industrial Co Ltd
TWO:4205
|
$224.89 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 2024 to 2025, total equity changed from -101,529,000 to -90,564,000, a change of 10,965,000.
- Net income of 69,000,000 contributed positively to equity growth.
- Dividend payments of 55,990,000 reduced retained earnings.
- Other comprehensive income increased equity by 1,164,000.
- Other factors decreased equity by 3,209,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $69.00 Million | +76.19% |
| Dividends Paid | $55.99 Million | -61.82% |
| Other Comprehensive Income | $1.16 Million | +1.29% |
| Other Changes | $-3.21 Million | -3.54% |
| 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 | $12.40 | x |
| 2020-12-31 | $-5.77 | $12.40 | x |
| 2021-12-31 | $-8.78 | $12.40 | x |
| 2022-12-31 | $-7.52 | $12.40 | x |
| 2023-12-31 | $-4.98 | $12.40 | x |
| 2024-12-31 | $-5.51 | $12.40 | x |
| 2025-12-31 | $-5.00 | $12.40 | 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: 17.08%
- • Asset Turnover: 1.73x
- • 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 |
| 2025 | 0.00% | 17.08% | 1.73x | 0.00x | $78.06 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: $29,748,679
- Average return on equity (ROE) among peers: 4.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| GDEV Inc. (GDEV) | $-90.56 Million | 0.00% | N/A | $225.07 Million |
| Blue Hat Interactive Entertainment (BHAT) | $21.81 Million | 23.50% | 0.54x | $1.57K |
| CTW Cayman Class A Ordinary Shares (CTW) | $-672.00 Million | 0.00% | 0.00x | $139.61 Million |
| Doubledown Interactive Co Ltd (DDI) | $380.67 Million | 9.54% | 1.14x | $444.00 Million |
| DarkIris Inc. Class A Ordinary Shares (DKI) | $-2.85 Million | 0.00% | 0.00x | $7.99 Million |
| Electronic Arts Inc (EA) | $389.20 Million | 13.18% | 0.33x | $50.91 Billion |
| GCL Global Holdings Ltd Ordinary Shares (GCL) | $17.32 Million | 11.47% | 1.76x | $55.17 Million |
| GD Culture Group Limited (GDC) | $10.03 Million | -5.40% | 4.01x | $1.71 Million |
| Giga Media Ltd (GIGM) | $93.76 Million | -15.20% | 0.28x | $15.47 Million |
| Golden Matrix Group Inc (GMGI) | $29.80 Million | 0.15% | 0.09x | $8.05 Million |
About GDEV Inc.
GDEV Inc. develops and publishes online games in the United States, Europe, Asia, and internationally. The company product offering includes Hero Wars, offers a suite of games across mobile, social, and web-based platforms. It also offers franchise 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 fo… Read more