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

Amphastar Pharmaceuticals, Inc. is the larger business by last-quarter revenue ($183.1M vs $119.9M, roughly 1.5× GDEV Inc.). GDEV Inc. runs the higher net margin — 13.9% vs 13.3%, a 0.5% gap on every dollar of revenue. On growth, GDEV Inc. posted the faster year-over-year revenue change (13.3% vs -1.8%).

Amphastar Pharmaceuticals is a publicly traded American speciality pharmaceutical company. It was incorporated in May 2004 and primarily develops, manufactures, and sells inhalation and intranasal products.

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...

AMPH vs GDEV — Head-to-Head

Bigger by revenue
AMPH
AMPH
1.5× larger
AMPH
$183.1M
$119.9M
GDEV
Growing faster (revenue YoY)
GDEV
GDEV
+15.1% gap
GDEV
13.3%
-1.8%
AMPH
Higher net margin
GDEV
GDEV
0.5% more per $
GDEV
13.9%
13.3%
AMPH

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
AMPH
AMPH
GDEV
GDEV
Revenue
$183.1M
$119.9M
Net Profit
$24.4M
$16.6M
Gross Margin
46.8%
Operating Margin
19.4%
15.5%
Net Margin
13.3%
13.9%
Revenue YoY
-1.8%
13.3%
Net Profit YoY
-35.7%
13.0%
EPS (diluted)
$0.51
$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
AMPH
AMPH
GDEV
GDEV
Q4 25
$183.1M
Q3 25
$191.8M
Q2 25
$174.4M
$119.9M
Q1 25
$170.5M
Q4 24
$186.5M
Q3 24
$191.2M
Q2 24
$182.4M
$105.8M
Q1 24
$171.8M
Net Profit
AMPH
AMPH
GDEV
GDEV
Q4 25
$24.4M
Q3 25
$17.4M
Q2 25
$31.0M
$16.6M
Q1 25
$25.3M
Q4 24
$38.0M
Q3 24
$40.4M
Q2 24
$37.9M
$14.7M
Q1 24
$43.2M
Gross Margin
AMPH
AMPH
GDEV
GDEV
Q4 25
46.8%
Q3 25
51.4%
Q2 25
49.6%
Q1 25
50.0%
Q4 24
46.5%
Q3 24
53.3%
Q2 24
52.2%
Q1 24
52.4%
Operating Margin
AMPH
AMPH
GDEV
GDEV
Q4 25
19.4%
Q3 25
13.2%
Q2 25
24.2%
15.5%
Q1 25
21.9%
Q4 24
24.2%
Q3 24
29.8%
Q2 24
30.3%
14.4%
Q1 24
27.9%
Net Margin
AMPH
AMPH
GDEV
GDEV
Q4 25
13.3%
Q3 25
9.0%
Q2 25
17.8%
13.9%
Q1 25
14.8%
Q4 24
20.4%
Q3 24
21.1%
Q2 24
20.8%
13.9%
Q1 24
25.1%
EPS (diluted)
AMPH
AMPH
GDEV
GDEV
Q4 25
$0.51
Q3 25
$0.37
Q2 25
$0.64
$0.90
Q1 25
$0.51
Q4 24
$0.74
Q3 24
$0.78
Q2 24
$0.73
$0.81
Q1 24
$0.81

Balance Sheet & Financial Strength

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

Metric
AMPH
AMPH
GDEV
GDEV
Cash + ST InvestmentsLiquidity on hand
$282.8M
$41.6M
Total DebtLower is stronger
$608.7M
Stockholders' EquityBook value
$788.8M
$-129.4M
Total Assets
$1.6B
$210.2M
Debt / EquityLower = less leverage
0.77×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMPH
AMPH
GDEV
GDEV
Q4 25
$282.8M
Q3 25
$276.2M
Q2 25
$231.8M
$41.6M
Q1 25
$236.9M
Q4 24
$221.6M
Q3 24
$250.5M
Q2 24
$217.8M
$50.8M
Q1 24
$289.6M
Total Debt
AMPH
AMPH
GDEV
GDEV
Q4 25
$608.7M
Q3 25
$608.6M
Q2 25
$607.7M
Q1 25
$603.9M
Q4 24
$601.6M
Q3 24
$596.4M
Q2 24
$586.9M
Q1 24
$594.0M
Stockholders' Equity
AMPH
AMPH
GDEV
GDEV
Q4 25
$788.8M
Q3 25
$776.7M
Q2 25
$757.5M
$-129.4M
Q1 25
$751.3M
Q4 24
$732.3M
Q3 24
$727.7M
Q2 24
$713.3M
$-118.7M
Q1 24
$672.4M
Total Assets
AMPH
AMPH
GDEV
GDEV
Q4 25
$1.6B
Q3 25
$1.7B
Q2 25
$1.6B
$210.2M
Q1 25
$1.6B
Q4 24
$1.6B
Q3 24
$1.5B
Q2 24
$1.5B
$282.8M
Q1 24
$1.6B
Debt / Equity
AMPH
AMPH
GDEV
GDEV
Q4 25
0.77×
Q3 25
0.78×
Q2 25
0.80×
Q1 25
0.80×
Q4 24
0.82×
Q3 24
0.82×
Q2 24
0.82×
Q1 24
0.88×

Cash Flow & Capital Efficiency

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

Metric
AMPH
AMPH
GDEV
GDEV
Operating Cash FlowLast quarter
$32.9M
Free Cash FlowOCF − Capex
$24.6M
FCF MarginFCF / Revenue
13.4%
Capex IntensityCapex / Revenue
4.5%
Cash ConversionOCF / Net Profit
1.35×
TTM Free Cash FlowTrailing 4 quarters
$121.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMPH
AMPH
GDEV
GDEV
Q4 25
$32.9M
Q3 25
$52.6M
Q2 25
$35.6M
Q1 25
$35.1M
Q4 24
$29.0M
Q3 24
$60.0M
Q2 24
$69.1M
Q1 24
$55.3M
Free Cash Flow
AMPH
AMPH
GDEV
GDEV
Q4 25
$24.6M
Q3 25
$47.2M
Q2 25
$25.0M
Q1 25
$24.4M
Q4 24
$16.6M
Q3 24
$46.2M
Q2 24
$63.1M
Q1 24
$46.5M
FCF Margin
AMPH
AMPH
GDEV
GDEV
Q4 25
13.4%
Q3 25
24.6%
Q2 25
14.3%
Q1 25
14.3%
Q4 24
8.9%
Q3 24
24.1%
Q2 24
34.6%
Q1 24
27.1%
Capex Intensity
AMPH
AMPH
GDEV
GDEV
Q4 25
4.5%
Q3 25
2.8%
Q2 25
6.1%
Q1 25
6.3%
Q4 24
6.7%
Q3 24
7.2%
Q2 24
3.3%
Q1 24
5.1%
Cash Conversion
AMPH
AMPH
GDEV
GDEV
Q4 25
1.35×
Q3 25
3.03×
Q2 25
1.15×
Q1 25
1.39×
Q4 24
0.76×
Q3 24
1.48×
Q2 24
1.82×
Q1 24
1.28×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AMPH
AMPH

Other Products$62.4M34%
Baqsimi$46.7M26%
Primatenemist$27.9M15%
Epinephrine$17.1M9%
Lidocaine$14.9M8%
Glucagon$14.1M8%

GDEV
GDEV

Segment breakdown not available.

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