GDEV

GDEV Enterprise Value

The Enterprise Value (EV) of GDEV (GDEV) as of Nov 12, 2026 is 166.60 M USD. In the previous year, Enterprise Value (EV) was 136.63 M USD — a change of 21.93% (higher).

Enterprise Value

166.60 MUSD

YoY

21.93%

Last updated:

Enterprise Value (EV) of GDEV is 2025 166.60 M USD. Enterprise Value (EV) of GDEV was 2024 136.63 M USD. It decreases by 21.93% higher compared to the previous year.

The GDEV Enterprise Value history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

Enterprise Value
Date
Enterprise Value
Jan 1, 2019
255.70 M USD
Jan 1, 2020
186.78 M USD
Jan 1, 2021
129.24 M USD
Jan 1, 2022
134.20 M USD
Jan 1, 2023
116.55 M USD
Jan 1, 2024
136.63 M USD
Jan 1, 2025
166.60 M USD
The GDEV Enterprise Value history
YEAREnterprise ValueYoY
166.60 MUSD+21.93%
136.63 MUSD+17.24%
116.55 MUSD-13.16%
134.20 MUSD+3.84%
129.24 MUSD-30.81%
186.78 MUSD-26.95%
255.70 MUSD—

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GDEV Stock analysis

What does GDEV do? GDEV, Inc. generates revenue through the development and publishing of video games across its portfolio of subsidiaries, including Nexters, Cubic Games, Dragon Machines, and others. The company monetizes its franchises such as Hero Wars, Island Questaway, Pixel Gun 3D, and Throne Rush, which are distributed through mobile and web platforms. Nexters Global Ltd and MX Capital Ltd, the two operational segments, handle development and publishing activities, with Hero Wars featuring mobile gameplay involving hydras and guilds, and Throne Rush offering strategy-based kingdom management. Players purchase in-game content and engage with the games through mobile and web channels. The primary buyers of GDEV's games are mobile and web users who interact with franchises like Hero Wars and Throne Rush, seeking co-op adventures and strategy-based gameplay. Hero Wars attracts players through mobile-based challenges involving hydras and guild collaboration, while Throne Rush appeals to strategy enthusiasts aiming to rule kingdoms and capture enemy wealth. These segments target casual and strategic gamers across mobile and web platforms, driving revenue through in-app purchases and engagement. GDEV's revenue streams are derived from its diverse portfolio of franchises and subsidiaries, with Nexters Global Ltd and MX Capital Ltd managing development and publishing. The company's games, including Pixel Gun 3D and Island Questaway, are monetized through mobile and web platforms, where players engage in co-op adventures and strategy-based activities. The firm's focus on enhancing its studio portfolio ensures continued growth in its gaming segments. GDEV is one of the most popular companies on Eulerpool.

Frequently Asked Questions about GDEV stock

Enterprise Value (EV) of GDEV is 166.60 M USD in 2025.

Enterprise Value (EV) of GDEV changed from 136.63 M USD to 166.60 M USD, representing a 21.93% change. The value is higher than the previous year.

On Eulerpool you can find the complete historical development of Enterprise Value (EV) GDEV since 2006 – with annual values, charts, and detailed analysis.

Enterprise Value represents the total value of a company, including both equity and debt, minus cash. It provides a more comprehensive picture than market capitalization alone.

EV = Market Capitalization + Total Debt - Cash & Equivalents

To evaluate Enterprise Value (EV)'s USD, it is essential to compare it with peers in the same industry and sector. On Eulerpool, you can find direct industry comparisons for Enterprise Value (EV).

A 'good' USD varies by industry and company stage. On Eulerpool, you can compare Enterprise Value (EV)'s GDEV with sector peers and the industry average to assess whether it is attractive.

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Valuation — GDEV

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