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Side-by-side financial comparison of ADMA BIOLOGICS, INC. (ADMA) and GDEV Inc. (GDEV). Click either name above to swap in a different company.

ADMA BIOLOGICS, INC. is the larger business by last-quarter revenue ($139.2M vs $119.9M, roughly 1.2× GDEV Inc.). ADMA BIOLOGICS, INC. runs the higher net margin — 35.5% vs 13.9%, a 21.6% gap on every dollar of revenue. On growth, ADMA BIOLOGICS, INC. posted the faster year-over-year revenue change (18.4% vs 13.3%).

ADMA Biologics Inc. is a biopharmaceutical enterprise focused on the research, development, manufacturing and commercialization of specialty plasma-derived immunoglobulin therapies. It primarily operates in the United States, catering to patients with primary immunodeficiency and other immune-related disorders, healthcare providers and medical institutions across its core immune health therapeutic segment.

GDEV Inc. is a gaming and entertainment holding company. It is a publicly traded company listed on the Nasdaq stock exchange, headquartered in Limassol, Cyprus. The holding was evolved in June 2023 from a video game company Nexters, founded in 2014, one of the top five independent mobile game companies in Europe. Subsidiaries of GDEV include Nexters Studio, which operates offices in Cyprus, Armenia, and Kazakhstan, as well as Cubic Games, Royal Ark, Game Gears and Light Hour Games. The compan...

ADMA vs GDEV — Head-to-Head

Bigger by revenue
ADMA
ADMA
1.2× larger
ADMA
$139.2M
$119.9M
GDEV
Growing faster (revenue YoY)
ADMA
ADMA
+5.1% gap
ADMA
18.4%
13.3%
GDEV
Higher net margin
ADMA
ADMA
21.6% more per $
ADMA
35.5%
13.9%
GDEV

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
ADMA
ADMA
GDEV
GDEV
Revenue
$139.2M
$119.9M
Net Profit
$49.4M
$16.6M
Gross Margin
63.8%
Operating Margin
45.1%
15.5%
Net Margin
35.5%
13.9%
Revenue YoY
18.4%
13.3%
Net Profit YoY
-55.9%
13.0%
EPS (diluted)
$0.20
$0.90

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ADMA
ADMA
GDEV
GDEV
Q4 25
$139.2M
Q3 25
$134.2M
Q2 25
$122.0M
$119.9M
Q1 25
$114.8M
Q4 24
$117.5M
Q3 24
$119.8M
Q2 24
$107.2M
$105.8M
Q1 24
$81.9M
Net Profit
ADMA
ADMA
GDEV
GDEV
Q4 25
$49.4M
Q3 25
$36.4M
Q2 25
$34.2M
$16.6M
Q1 25
$26.9M
Q4 24
$111.9M
Q3 24
$35.9M
Q2 24
$32.1M
$14.7M
Q1 24
$17.8M
Gross Margin
ADMA
ADMA
GDEV
GDEV
Q4 25
63.8%
Q3 25
56.3%
Q2 25
55.1%
Q1 25
53.2%
Q4 24
53.9%
Q3 24
49.8%
Q2 24
53.6%
Q1 24
47.8%
Operating Margin
ADMA
ADMA
GDEV
GDEV
Q4 25
45.1%
Q3 25
38.0%
Q2 25
35.1%
15.5%
Q1 25
30.4%
Q4 24
32.6%
Q3 24
33.1%
Q2 24
36.6%
14.4%
Q1 24
26.7%
Net Margin
ADMA
ADMA
GDEV
GDEV
Q4 25
35.5%
Q3 25
27.1%
Q2 25
28.1%
13.9%
Q1 25
23.4%
Q4 24
95.2%
Q3 24
30.0%
Q2 24
29.9%
13.9%
Q1 24
21.7%
EPS (diluted)
ADMA
ADMA
GDEV
GDEV
Q4 25
$0.20
Q3 25
$0.15
Q2 25
$0.14
$0.90
Q1 25
$0.11
Q4 24
$0.45
Q3 24
$0.15
Q2 24
$0.13
$0.81
Q1 24
$0.08

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ADMA
ADMA
GDEV
GDEV
Cash + ST InvestmentsLiquidity on hand
$87.6M
$41.6M
Total DebtLower is stronger
$72.1M
Stockholders' EquityBook value
$477.3M
$-129.4M
Total Assets
$624.2M
$210.2M
Debt / EquityLower = less leverage
0.15×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ADMA
ADMA
GDEV
GDEV
Q4 25
$87.6M
Q3 25
$61.4M
Q2 25
$90.3M
$41.6M
Q1 25
$71.6M
Q4 24
$103.1M
Q3 24
$86.7M
Q2 24
$88.2M
$50.8M
Q1 24
$45.3M
Total Debt
ADMA
ADMA
GDEV
GDEV
Q4 25
$72.1M
Q3 25
$72.4M
Q2 25
Q1 25
Q4 24
$72.3M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ADMA
ADMA
GDEV
GDEV
Q4 25
$477.3M
Q3 25
$431.2M
Q2 25
$398.3M
$-129.4M
Q1 25
$373.4M
Q4 24
$349.0M
Q3 24
$231.9M
Q2 24
$188.3M
$-118.7M
Q1 24
$153.7M
Total Assets
ADMA
ADMA
GDEV
GDEV
Q4 25
$624.2M
Q3 25
$568.7M
Q2 25
$558.4M
$210.2M
Q1 25
$510.6M
Q4 24
$488.7M
Q3 24
$390.6M
Q2 24
$376.4M
$282.8M
Q1 24
$350.9M
Debt / Equity
ADMA
ADMA
GDEV
GDEV
Q4 25
0.15×
Q3 25
0.17×
Q2 25
Q1 25
Q4 24
0.21×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ADMA
ADMA
GDEV
GDEV
Operating Cash FlowLast quarter
$35.6M
Free Cash FlowOCF − Capex
$34.6M
FCF MarginFCF / Revenue
24.8%
Capex IntensityCapex / Revenue
0.8%
Cash ConversionOCF / Net Profit
0.72×
TTM Free Cash FlowTrailing 4 quarters
$27.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ADMA
ADMA
GDEV
GDEV
Q4 25
$35.6M
Q3 25
$13.3M
Q2 25
$21.1M
Q1 25
$-19.7M
Q4 24
$50.2M
Q3 24
$25.0M
Q2 24
$45.6M
Q1 24
$-2.2M
Free Cash Flow
ADMA
ADMA
GDEV
GDEV
Q4 25
$34.6M
Q3 25
$-1.1M
Q2 25
$18.7M
Q1 25
$-24.4M
Q4 24
$47.5M
Q3 24
$24.0M
Q2 24
$43.6M
Q1 24
$-4.6M
FCF Margin
ADMA
ADMA
GDEV
GDEV
Q4 25
24.8%
Q3 25
-0.8%
Q2 25
15.3%
Q1 25
-21.2%
Q4 24
40.4%
Q3 24
20.0%
Q2 24
40.7%
Q1 24
-5.6%
Capex Intensity
ADMA
ADMA
GDEV
GDEV
Q4 25
0.8%
Q3 25
10.7%
Q2 25
2.0%
Q1 25
4.1%
Q4 24
2.3%
Q3 24
0.9%
Q2 24
1.9%
Q1 24
2.9%
Cash Conversion
ADMA
ADMA
GDEV
GDEV
Q4 25
0.72×
Q3 25
0.36×
Q2 25
0.62×
Q1 25
-0.73×
Q4 24
0.45×
Q3 24
0.70×
Q2 24
1.42×
Q1 24
-0.12×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ADMA
ADMA

ADMA Bio Manufacturing Segment$123.1M88%
Other$16.0M12%

GDEV
GDEV

Segment breakdown not available.

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