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Side-by-side financial comparison of Amalgamated Financial Corp. (AMAL) and GDEV Inc. (GDEV). Click either name above to swap in a different company.

GDEV Inc. is the larger business by last-quarter revenue ($119.9M vs $85.2M, roughly 1.4× Amalgamated Financial Corp.). On growth, GDEV Inc. posted the faster year-over-year revenue change (13.3% vs 9.4%).

CI Financial is a Canadian investment management company based in Toronto, Ontario. It offers investment management and wealth management services targeted to high net worth retail investors, as well as brokerage and trading services to portfolio managers and institutional investors.

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...

AMAL vs GDEV — Head-to-Head

Bigger by revenue
GDEV
GDEV
1.4× larger
GDEV
$119.9M
$85.2M
AMAL
Growing faster (revenue YoY)
GDEV
GDEV
+3.9% gap
GDEV
13.3%
9.4%
AMAL

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
AMAL
AMAL
GDEV
GDEV
Revenue
$85.2M
$119.9M
Net Profit
$16.6M
Gross Margin
Operating Margin
39.0%
15.5%
Net Margin
13.9%
Revenue YoY
9.4%
13.3%
Net Profit YoY
13.0%
EPS (diluted)
$0.88
$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
AMAL
AMAL
GDEV
GDEV
Q4 25
$85.2M
Q3 25
$85.6M
Q2 25
$80.9M
$119.9M
Q1 25
$77.0M
Q4 24
$77.9M
Q3 24
$81.0M
Q2 24
$78.5M
$105.8M
Q1 24
$78.3M
Net Profit
AMAL
AMAL
GDEV
GDEV
Q4 25
Q3 25
$26.8M
Q2 25
$26.0M
$16.6M
Q1 25
$25.0M
Q4 24
Q3 24
$27.9M
Q2 24
$26.8M
$14.7M
Q1 24
$27.2M
Operating Margin
AMAL
AMAL
GDEV
GDEV
Q4 25
39.0%
Q3 25
42.9%
Q2 25
43.8%
15.5%
Q1 25
45.1%
Q4 24
42.4%
Q3 24
47.2%
Q2 24
45.6%
14.4%
Q1 24
49.2%
Net Margin
AMAL
AMAL
GDEV
GDEV
Q4 25
Q3 25
31.3%
Q2 25
32.1%
13.9%
Q1 25
32.5%
Q4 24
Q3 24
34.5%
Q2 24
34.1%
13.9%
Q1 24
34.8%
EPS (diluted)
AMAL
AMAL
GDEV
GDEV
Q4 25
$0.88
Q3 25
$0.88
Q2 25
$0.84
$0.90
Q1 25
$0.81
Q4 24
$0.78
Q3 24
$0.90
Q2 24
$0.87
$0.81
Q1 24
$0.89

Balance Sheet & Financial Strength

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

Metric
AMAL
AMAL
GDEV
GDEV
Cash + ST InvestmentsLiquidity on hand
$291.2M
$41.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$794.5M
$-129.4M
Total Assets
$8.9B
$210.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMAL
AMAL
GDEV
GDEV
Q4 25
$291.2M
Q3 25
$115.5M
Q2 25
$171.1M
$41.6M
Q1 25
$65.7M
Q4 24
$60.7M
Q3 24
$149.2M
Q2 24
$58.0M
$50.8M
Q1 24
$155.2M
Stockholders' Equity
AMAL
AMAL
GDEV
GDEV
Q4 25
$794.5M
Q3 25
$775.6M
Q2 25
$754.0M
$-129.4M
Q1 25
$736.0M
Q4 24
$707.7M
Q3 24
$698.2M
Q2 24
$646.0M
$-118.7M
Q1 24
$616.8M
Total Assets
AMAL
AMAL
GDEV
GDEV
Q4 25
$8.9B
Q3 25
$8.7B
Q2 25
$8.6B
$210.2M
Q1 25
$8.3B
Q4 24
$8.3B
Q3 24
$8.4B
Q2 24
$8.3B
$282.8M
Q1 24
$8.1B

Cash Flow & Capital Efficiency

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

Metric
AMAL
AMAL
GDEV
GDEV
Operating Cash FlowLast quarter
$135.8M
Free Cash FlowOCF − Capex
$134.4M
FCF MarginFCF / Revenue
157.8%
Capex IntensityCapex / Revenue
1.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$229.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMAL
AMAL
GDEV
GDEV
Q4 25
$135.8M
Q3 25
$39.5M
Q2 25
$24.9M
Q1 25
$34.2M
Q4 24
$124.1M
Q3 24
$35.8M
Q2 24
$28.0M
Q1 24
$31.3M
Free Cash Flow
AMAL
AMAL
GDEV
GDEV
Q4 25
$134.4M
Q3 25
$38.3M
Q2 25
$24.2M
Q1 25
$32.5M
Q4 24
$122.3M
Q3 24
$35.2M
Q2 24
$27.8M
Q1 24
$31.1M
FCF Margin
AMAL
AMAL
GDEV
GDEV
Q4 25
157.8%
Q3 25
44.7%
Q2 25
29.9%
Q1 25
42.2%
Q4 24
157.0%
Q3 24
43.4%
Q2 24
35.4%
Q1 24
39.7%
Capex Intensity
AMAL
AMAL
GDEV
GDEV
Q4 25
1.6%
Q3 25
1.4%
Q2 25
0.9%
Q1 25
2.3%
Q4 24
2.3%
Q3 24
0.7%
Q2 24
0.3%
Q1 24
0.3%
Cash Conversion
AMAL
AMAL
GDEV
GDEV
Q4 25
Q3 25
1.47×
Q2 25
0.96×
Q1 25
1.37×
Q4 24
Q3 24
1.28×
Q2 24
1.05×
Q1 24
1.15×

Financial Flow Comparison

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

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