Monitor next quarter's revenue growth and cash flow trajectory. The 2% revenue growth is tepid despite the large EPS beat, and operating cash flow declined 27%. Watch for guidance or bookings trends in upcoming filings to confirm whether user acquisition efficiency gains are sustainable.
Price Chart
Executive Summary
GDEV reported Q1 2026 revenue of $99M (+2% YoY) and net profit of $17M (+22% YoY), beating the consensus EPS estimate of $0.67 by 16.4%. Operating cash flow was $4M, down from $6M a year ago. The stock has a history of large EPS beats, but this quarter's growth is modest and cash flow weakened.
Key Financial Metrics
Key Facts
- Revenue $99M in Q1 2026 vs $97M in Q1 2025, up 2% YoY.
- Profit for the period, net of tax, $17M vs $14M in Q1 2025, up 22% YoY.
- Adjusted EBITDA $18M vs $16M in Q1 2025, up 15% YoY.
- EPS $0.78 (beat) vs consensus $0.67, a 16.4% beat.
- Cash flows from operating activities $4M vs $6M in Q1 2025, down 27%.
- Bookings $83M vs $81M, up 2% YoY; MPU down 5% to 269K, ABPPU up 8% to $97.
Financial Impact
Beat consensus EPS by 16.4% ($0.78 vs $0.67). Revenue was $99M vs consensus of $92.0M, a ~7.6% beat. Net profit increased $3M YoY.
Risk Factors
- Operating cash flow declined 27% YoY despite higher profit margins.
- MPU fell 5% YoY, indicating user base contraction partially offset by higher spend per user.
- G&A expenses up 23% YoY driven by legal costs; no segment guidance provided.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3297458 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 30, 2026 26d ago | SC TO-I/A | $11.11 | awaiting T+20 | — | $9.57 (−13.86%) |
Sep 29, 2026 27d ago | SC TO-I/A | $10.86 | awaiting T+20 | — | $9.57 (−11.88%) |
Aug 28, 2026 8w ago | 6-K | $11.60 $10.86 | ▼ −6.38% | ▼ −6.19% | $9.57 (−17.50%) |
Aug 21, 2026 9w ago | Press Release | $10.63 $11.46 | ▼ −7.86% | ▼ −8.39% | $9.57 (+9.93%) |
Aug 21, 2026 9w ago | 6-K | $10.63 $11.46 | ▼ −7.86% | ▼ −8.39% | $9.57 (+9.93%) |
Jul 10, 2026 15w ago | 6-K | $12.29 $13.48 | ▲ +9.68% | ▲ +7.26% | $9.57 (−22.13%) |
May 19, 2026 22w ago | Press Release | $15.99 $12.80 | ▼ −19.95% | ▼ −20.94% | $9.57 (−40.15%) |
Mar 5, 2026 33w ago | Press Release | $15.15 $14.40 | ▼ −4.95% | ▼ −2.91% | $9.57 (−36.83%) |
US Market Status
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