CD Projekt (CDR.WA) Stock Price

CD Projekt Price

🇵🇱GPW·CLOSED
226.00PLN
Market closed
Today +/-
Today %

CD Projekt (CDR.WA) Stock | ISIN PLOPTTC00011 | WKN 534356. The current CD Projekt stock price is 226 PLN (2026). Revenue is 876.39 M PLN. Net income is 296.3 M PLN. The P/E ratio is 76.65. Market capitalization is 22.71 B PLN. CD Projekt operates in the Communication sector.

CD Projekt stock price

Ex-Dividend
Details

Stock Price

ⓘ

How to Read This Chart

This chart tracks the historical stock price of CD Projekt over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how CD Projekt stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing CD Projekt's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

CD Projekt Stock Price History
DateCD Projekt Price
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CD Projekt Revenue, EBIT, Net Income

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  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2005
244.2 M PLN
-6.5 M PLN
-6.6 M PLN
Jan 1, 2006
141 M PLN
-12 M PLN
-12.3 M PLN
Jan 1, 2007
100.2 M PLN
-14.1 M PLN
-22.5 M PLN
Jan 1, 2008
47.6 M PLN
1.1 M PLN
1.1 M PLN
Jan 1, 2009
1.3 M PLN
-500,000 PLN
-2.3 M PLN
Jan 1, 2010
50.4 M PLN
-700,000 PLN
-3.5 M PLN
Jan 1, 2011
136.2 M PLN
27.9 M PLN
24 M PLN
Jan 1, 2012
164 M PLN
28.7 M PLN
28.1 M PLN
Jan 1, 2013
142.2 M PLN
15.8 M PLN
14.9 M PLN
Jan 1, 2014
96.19 M PLN
7.62 M PLN
5.21 M PLN
Jan 1, 2015
798.01 M PLN
424.28 M PLN
342.43 M PLN
Jan 1, 2016
583.9 M PLN
303.57 M PLN
250.51 M PLN
Jan 1, 2017
463.18 M PLN
241.51 M PLN
200.27 M PLN
Jan 1, 2018
362.9 M PLN
112.45 M PLN
109.33 M PLN
Jan 1, 2019
521.27 M PLN
180.48 M PLN
175.32 M PLN

CD Projekt Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jun 11, 2026, 12:00 AM
 
REVENUE (M PLN)
REVENUE GROWTH (%)
GROSS MARGIN (%)
GROSS INCOME (M PLN)
NET INCOME (M PLN)
NET INCOME GROWTH (%)
DIV. (PLN)
DIV. GROWTH (%)
SHARES (M)
DOCUMENTS
Details

Income Statement Key Figures

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Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales CD Projekt generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue CD Projekt retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare CD Projekt's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares CD Projekt has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against CD Projekt's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

CD Projekt stock margins

The CD Projekt margin analysis displays the gross margin, EBIT margin, as well as the profit margin of CD Projekt. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for CD Projekt.

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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2005
18.39 %
-2.66 %
-2.7 %
Jan 1, 2006
8.3 %
-8.51 %
-8.72 %
Jan 1, 2007
5.89 %
-14.07 %
-22.46 %
Jan 1, 2008
7.35 %
2.31 %
2.31 %
Jan 1, 2009
7.69 %
-38.46 %
-176.92 %
Jan 1, 2010
64.68 %
-1.39 %
-6.94 %
Jan 1, 2011
59.99 %
20.48 %
17.62 %
Jan 1, 2012
45.37 %
17.5 %
17.13 %
Jan 1, 2013
37.48 %
11.11 %
10.48 %
Jan 1, 2014
36.97 %
7.92 %
5.42 %
Jan 1, 2015
73.61 %
53.17 %
42.91 %
Jan 1, 2016
80.61 %
51.99 %
42.9 %
Jan 1, 2017
82.26 %
52.14 %
43.24 %
Jan 1, 2018
70.72 %
30.99 %
30.13 %
Jan 1, 2019
69.05 %
34.62 %
33.63 %

CD Projekt Stock Revenue, EBIT, Earnings per Share

The CD Projekt earnings per share therefore indicates how much revenue CD Projekt has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.

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Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2005
11 PLN
-0.29 PLN
-0.3 PLN
Jan 1, 2006
6.35 PLN
-0.54 PLN
-0.55 PLN
Jan 1, 2007
4.51 PLN
-0.64 PLN
-1.01 PLN
Jan 1, 2008
1.69 PLN
0.04 PLN
0.04 PLN
Jan 1, 2009
0.05 PLN
-0.02 PLN
-0.08 PLN
Jan 1, 2010
0.8 PLN
-0.01 PLN
-0.06 PLN
Jan 1, 2011
1.46 PLN
0.3 PLN
0.26 PLN
Jan 1, 2012
1.73 PLN
0.3 PLN
0.3 PLN
Jan 1, 2013
1.5 PLN
0.17 PLN
0.16 PLN
Jan 1, 2014
1.01 PLN
0.08 PLN
0.05 PLN
Jan 1, 2015
8.4 PLN
4.47 PLN
3.61 PLN
Jan 1, 2016
6.03 PLN
3.13 PLN
2.59 PLN
Jan 1, 2017
4.65 PLN
2.43 PLN
2.01 PLN
Jan 1, 2018
3.61 PLN
1.12 PLN
1.09 PLN
Jan 1, 2019
5.18 PLN
1.79 PLN
1.74 PLN

CD Projekt business model & stock analysis

CD Projekt SA is a Polish company specializing in the development and distribution of video games. It was founded in 1994 in Warsaw by Marcin Iwiński and Michał Kiciński. Initially, they were a small distribution company for foreign video games, but soon they began developing their own games. Over the years, the company has become one of the most significant game developers globally, with a focus on role-playing games. The most well-known and best-selling games are The Witcher series and Cyberpunk 2077. In 2020, they achieved a record revenue with a profit of almost 620 million euros. The company is divided into two main divisions, focusing on game development and distribution. The development arm, CD Projekt Red, has gained recognition worldwide for their creations and has studios in Warsaw and Krakow. CD Projekt RED has built a reputation for quality products, particularly known for their work on The Witcher series. These games are praised for their sci-fi elements, open worlds, and strong narratives, gaining a loyal fan base. In 2015, the company released the third installment of The Witcher saga, The Witcher 3, which sold over 10 million copies, setting a record for the Polish company. Cyberpunk 2077 is the latest title released in December 2020. It is an action role-playing game played from a first-person perspective, set in a futuristic world. The game has received immense attention from players and critics, being considered one of the most anticipated games of 2020. CD Projekt RED creates games for PC, consoles, and mobile devices. Their games are known for their strong narratives, open worlds, stunning graphics, and direct engagement with the community. They are dedicated to making games by fans, for fans, and often provide free add-ons to extend the player experience. CD Projekt also has a distribution division, CD Projekt Publishing, specializing in marketing video games. They have contracts with major companies such as Electronic Arts, Take-Two Interactive, and Square Enix to sell their games in Poland and other countries. Despite the success of Cyberpunk 2077, CD Projekt has also faced criticism for delays and shortcomings in releasing game updates. However, the company is working hard to address these issues and make their products as captivating as possible. Overall, CD Projekt has achieved an excellent position in the market through their high-quality products and close connection with the community. They are a company specialized in grand developments and highly appreciated by their customers.

CD Projekt SWOT Analysis

Strengths

CD Projekt SA benefits from a strong market position as a renowned video game developer and publisher. The company's flagship franchise, The Witcher, has achieved critical acclaim and a dedicated fan base, contributing to its brand value and market recognition.

CD Projekt SA has a talented and dedicated team of developers who consistently deliver high-quality products. The company's commitment to storytelling, innovation, and immersive gaming experiences has set it apart from competitors.

Weaknesses

CD Projekt SA is heavily dependent on the success of its major franchises, such as The Witcher and Cyberpunk 2077. Any setbacks or delays in game releases can significantly impact the company's financial performance and reputation.

Although CD Projekt SA has a loyal fan base, it may struggle to attract new players who are not familiar with its existing franchises. This narrow market appeal could limit the company's growth potential.

Opportunities

CD Projekt SA can leverage its strong brand and reputation to expand into new markets or develop new franchises. The company's success in creating immersive storytelling experiences positions it well to explore partnerships in film or television production.

The growing global gaming market presents opportunities for CD Projekt SA to capitalize on the increasing demand for high-quality video games across different platforms, including consoles, PC, and mobile.

Threats

The competitive landscape in the video game industry is intense, with established players and new entrants continuously vying for market share. CD Projekt SA faces the risk of losing its market position if it fails to innovate or keep up with evolving industry trends.

Public perception and backlash surrounding certain decisions, such as the release of Cyberpunk 2077 with technical issues, may impact CD Projekt SA's reputation and consumer trust.

CD Projekt Eulerpool Fair Value

CD Projekt historical P/E ratio, EBIT multiple, and P/S ratio

CD Projekt annual returns

Details

Annual Return

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What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

CD Projekt shares outstanding

The number of shares was CD Projekt in 2025 — This indicates how many shares 100.488 M is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.

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  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2005
22.2 M base_Shares
Jan 1, 2006
22.2 M base_Shares
Jan 1, 2007
22.2 M base_Shares
Jan 1, 2008
28.2 M base_Shares
Jan 1, 2009
28.2 M base_Shares
Jan 1, 2010
63.1 M base_Shares
Jan 1, 2011
93.6 M base_Shares
Jan 1, 2012
95 M base_Shares
Jan 1, 2013
95 M base_Shares
Jan 1, 2014
94.95 M base_Shares
Jan 1, 2015
94.95 M base_Shares
Jan 1, 2016
96.91 M base_Shares
Jan 1, 2017
99.56 M base_Shares
Jan 1, 2018
100.55 M base_Shares
Jan 1, 2019
100.66 M base_Shares

CD Projekt Dividend History

10 years of dividend payments

YearAnnual DividendYoY ChangePayments
20251PLN 0.0%1×
Jun 27, 20251PLN 0.0%1/1
20241PLN 0.0%1×
20231PLN 0.0%1×
20221PLN↓ 80.0%1×
20215PLN 0.0%1×
20205PLN↑ 376.2%1×
20191.05PLN 0.0%1×
20181.05PLN 0.0%1×
20171.05PLN 0.0%1×
20161.05PLN—1×

CD Projekt dividend history and estimates

In 2025, CD Projekt paid a dividend amounting to 1 PLN. Dividend means that CD Projekt distributes a portion of its profits to its owners.

  • Max

Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Invalid Date
0 PLN
1.05 PLN
Jan 1, 2017
1.05 PLN
0 PLN
Invalid Date
0 PLN
1.05 PLN
Jan 1, 2019
1.05 PLN
0 PLN
Invalid Date
0 PLN
5 PLN
Jan 1, 2021
5 PLN
0 PLN
Jan 1, 2022
1 PLN
0 PLN
Jan 1, 2023
1 PLN
0 PLN
Jan 1, 2024
1 PLN
0 PLN
Jan 1, 2025
1 PLN
0 PLN
Invalid Date
0 PLN
3.1 PLN
Invalid Date
0 PLN
16.55 PLN

CD Projekt dividend payout ratio

In 2025, CD Projekt had a payout ratio of 86.22%. The payout ratio indicates the percentage of the company's profits that CD Projekt distributes as dividends.

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Payout ratio
Details
Date
Payout ratio
Jan 1, 2005
104.64 %
Jan 1, 2006
104.64 %
Jan 1, 2007
104.64 %
Jan 1, 2008
104.64 %
Jan 1, 2009
104.64 %
Jan 1, 2010
104.64 %
Jan 1, 2011
104.64 %
Jan 1, 2012
104.64 %
Jan 1, 2013
104.64 %
Jan 1, 2014
104.64 %
Jan 1, 2015
104.64 %
Jan 1, 2016
40.62 %
Jan 1, 2017
52.2 %
Jan 1, 2018
96.56 %
Jan 1, 2019
60.29 %
Price targets and forecasts for CD Projekt are not yet available.

CD Projekt Earnings Estimates

CD Projekt Earnings Estimates

DateEPS estimateRevenue EstimateQuarterly report
5/27/20240.61PLN160.78 MPLN2024 Q1
3/28/20241.42PLN373.83 MPLN2023 Q4
5/24/20230.71PLN190.13 MPLN2023 Q1
4/12/20231.41PLN355.01 MPLN2022 Q4
11/28/20220.42PLN193.3 MPLN2022 Q3
9/7/20220.93PLN205.73 MPLN2022 Q2
5/26/20220.6PLN211.26 MPLN2022 Q1
4/14/20221.12PLN252.89 MPLN2021 Q4
11/29/20210.56PLN192.47 MPLN2021 Q3
9/1/20210.78PLN231.82 MPLN2021 Q2

EESG©

Eulerpool ESG Scorecard© for the CD Projekt stock

59/100
54
Environment
92
Social
32
Governance
E

Environment

20
Scope 1 - Direct Emissions27.9
Scope 2 - Indirect emissions from purchased energy1,911
Scope 3 - Indirect emissions within the value chain335,999
Total CO₂ emissions1,939
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather—
Pesticides—
Palm Oil—
Tobacco
Genetically modified organisms
Climate concept—
Sustainable forestry—
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees31
Percentage of women in management—
Percentage of Asian employees—
Share of Asian management—
Percentage of Hispanic/Latino employees—
Hispano/Latino Management share—
Percentage of Black employees—
Black Management Share—
Percentage of white employees—
White Management Share—
Adult content
Alcohol
Weapons—
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept—
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

CD Projekt shareholder structure

% Name
12.58861%
Iwinski (Marcin)
Iwinski (Marcin)
9.94088%
Kicinski (Michal)
Kicinski (Michal)
6.82543%
Nielubowicz (Piotr Marcin)
Nielubowicz (Piotr Marcin)
5.39083%
Nationale-Nederlanden Powszechne Towarzystwo Emerytalne S.A.
Nationale-Nederlanden Powszechne Towarzystwo Emerytalne S.A.
2.2523%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
1.97869%
Norges Bank Investment Management (NBIM)
Norges Bank Investment Management (NBIM)
1.304%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
0.69015%
Goldman Sachs Towarzystwo Funduszy Inwestycyjnych SA
Goldman Sachs Towarzystwo Funduszy Inwestycyjnych SA
0.65644%
BlackRock Advisors (UK) Limited
BlackRock Advisors (UK) Limited
0.54217%
Fidelity Management & Research Company LLC
Fidelity Management & Research Company LLC
...

CD Projekt Executives and Management Board

MN

Mr. Michal Nowakowski

Joint Chief Executive Officer, Chief Commercial Officer, Member of the Management Board

Compensation7.45 M PLN
PZ

Mr. Pawel Zawodnego

Joint Chief Operating Officer, Member of the Management Board

Compensation7.45 M PLN
PN

Mr. Piotr Nielubowicz

Vice President of the Management Board, Chief Financial Officer

Compensation7.45 M PLN
AK

Mr. Adam Kicinski

Co-Chairman of the Supervisory Board · since 2010

Compensation7.45 M PLN
PK

Mr. Piotr Karwowski

Joint Chief Operating Officer, Member of the Management Board

Compensation7.39 M PLN

Frequently asked questions about CD Projekt

The business model of CD Projekt SA revolves around the development, publishing, and distribution of video games. As a renowned Polish game developer, CD Projekt SA focuses on creating immersive and story-driven experiences for gamers worldwide. The company is best known for its critically acclaimed game series, such as The Witcher and Cyberpunk 2077. CD Projekt SA's business model emphasizes delivering high-quality and innovative games that captivate players and drive sales. With a strong emphasis on storytelling and immersive gameplay, CD Projekt SA continues to establish itself as a prominent player in the gaming industry.

All fundamentals and in-depth analysis of CD Projekt

Our stock analysis for CD Projekt Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of CD Projekt Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.

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