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Side-by-side financial comparison of ARTIVION, INC. (AORT) 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 $116.0M, roughly 1.0× ARTIVION, INC.). GDEV Inc. runs the higher net margin — 13.9% vs 2.1%, a 11.8% gap on every dollar of revenue. On growth, ARTIVION, INC. posted the faster year-over-year revenue change (19.2% vs 13.3%).

Artivion, Inc. is a distributor of cryogenically preserved human tissues for cardiac and vascular transplant applications and develops medical devices. Among its products are human heart valves, which are treated to remove excess cellular material and antigens, and BioGlue surgical adhesive.

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...

AORT vs GDEV — Head-to-Head

Bigger by revenue
GDEV
GDEV
1.0× larger
GDEV
$119.9M
$116.0M
AORT
Growing faster (revenue YoY)
AORT
AORT
+5.9% gap
AORT
19.2%
13.3%
GDEV
Higher net margin
GDEV
GDEV
11.8% more per $
GDEV
13.9%
2.1%
AORT

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
AORT
AORT
GDEV
GDEV
Revenue
$116.0M
$119.9M
Net Profit
$2.4M
$16.6M
Gross Margin
63.1%
Operating Margin
9.2%
15.5%
Net Margin
2.1%
13.9%
Revenue YoY
19.2%
13.3%
Net Profit YoY
114.7%
13.0%
EPS (diluted)
$0.06
$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
AORT
AORT
GDEV
GDEV
Q4 25
$116.0M
Q3 25
$113.4M
Q2 25
$113.0M
$119.9M
Q1 25
$99.0M
Q4 24
$97.3M
Q3 24
$95.8M
Q2 24
$98.0M
$105.8M
Q1 24
$97.4M
Net Profit
AORT
AORT
GDEV
GDEV
Q4 25
$2.4M
Q3 25
$6.5M
Q2 25
$1.3M
$16.6M
Q1 25
$-505.0K
Q4 24
$-16.5M
Q3 24
$-2.3M
Q2 24
$-2.1M
$14.7M
Q1 24
$7.5M
Gross Margin
AORT
AORT
GDEV
GDEV
Q4 25
63.1%
Q3 25
65.6%
Q2 25
64.7%
Q1 25
64.2%
Q4 24
63.2%
Q3 24
63.7%
Q2 24
64.6%
Q1 24
64.6%
Operating Margin
AORT
AORT
GDEV
GDEV
Q4 25
9.2%
Q3 25
11.1%
Q2 25
7.4%
15.5%
Q1 25
2.2%
Q4 24
2.7%
Q3 24
4.6%
Q2 24
6.6%
14.4%
Q1 24
26.0%
Net Margin
AORT
AORT
GDEV
GDEV
Q4 25
2.1%
Q3 25
5.7%
Q2 25
1.2%
13.9%
Q1 25
-0.5%
Q4 24
-16.9%
Q3 24
-2.4%
Q2 24
-2.2%
13.9%
Q1 24
7.7%
EPS (diluted)
AORT
AORT
GDEV
GDEV
Q4 25
$0.06
Q3 25
$0.13
Q2 25
$0.03
$0.90
Q1 25
$-0.01
Q4 24
$-0.40
Q3 24
$-0.05
Q2 24
$-0.05
$0.81
Q1 24
$0.18

Balance Sheet & Financial Strength

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

Metric
AORT
AORT
GDEV
GDEV
Cash + ST InvestmentsLiquidity on hand
$64.9M
$41.6M
Total DebtLower is stronger
$215.1M
Stockholders' EquityBook value
$448.2M
$-129.4M
Total Assets
$884.8M
$210.2M
Debt / EquityLower = less leverage
0.48×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AORT
AORT
GDEV
GDEV
Q4 25
$64.9M
Q3 25
$73.4M
Q2 25
$53.5M
$41.6M
Q1 25
$37.7M
Q4 24
$53.5M
Q3 24
$56.2M
Q2 24
$55.0M
$50.8M
Q1 24
$51.1M
Total Debt
AORT
AORT
GDEV
GDEV
Q4 25
$215.1M
Q3 25
$214.9M
Q2 25
$215.6M
Q1 25
$314.7M
Q4 24
$314.3M
Q3 24
$314.0M
Q2 24
$313.6M
Q1 24
$313.3M
Stockholders' Equity
AORT
AORT
GDEV
GDEV
Q4 25
$448.2M
Q3 25
$438.7M
Q2 25
$419.9M
$-129.4M
Q1 25
$294.3M
Q4 24
$276.2M
Q3 24
$304.7M
Q2 24
$295.1M
$-118.7M
Q1 24
$295.0M
Total Assets
AORT
AORT
GDEV
GDEV
Q4 25
$884.8M
Q3 25
$857.7M
Q2 25
$838.4M
$210.2M
Q1 25
$791.2M
Q4 24
$789.1M
Q3 24
$803.1M
Q2 24
$789.5M
$282.8M
Q1 24
$784.0M
Debt / Equity
AORT
AORT
GDEV
GDEV
Q4 25
0.48×
Q3 25
0.49×
Q2 25
0.51×
Q1 25
1.07×
Q4 24
1.14×
Q3 24
1.03×
Q2 24
1.06×
Q1 24
1.06×

Cash Flow & Capital Efficiency

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

Metric
AORT
AORT
GDEV
GDEV
Operating Cash FlowLast quarter
$19.6M
Free Cash FlowOCF − Capex
$-7.9M
FCF MarginFCF / Revenue
-6.9%
Capex IntensityCapex / Revenue
23.7%
Cash ConversionOCF / Net Profit
8.06×
TTM Free Cash FlowTrailing 4 quarters
$839.0K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AORT
AORT
GDEV
GDEV
Q4 25
$19.6M
Q3 25
$22.3M
Q2 25
$15.0M
Q1 25
$-17.0M
Q4 24
$10.1M
Q3 24
$11.5M
Q2 24
$6.1M
Q1 24
$-5.5M
Free Cash Flow
AORT
AORT
GDEV
GDEV
Q4 25
$-7.9M
Q3 25
$17.7M
Q2 25
$11.7M
Q1 25
$-20.6M
Q4 24
$8.7M
Q3 24
$7.8M
Q2 24
$3.6M
Q1 24
$-9.1M
FCF Margin
AORT
AORT
GDEV
GDEV
Q4 25
-6.9%
Q3 25
15.6%
Q2 25
10.4%
Q1 25
-20.8%
Q4 24
9.0%
Q3 24
8.2%
Q2 24
3.7%
Q1 24
-9.3%
Capex Intensity
AORT
AORT
GDEV
GDEV
Q4 25
23.7%
Q3 25
4.1%
Q2 25
2.9%
Q1 25
3.7%
Q4 24
1.5%
Q3 24
3.8%
Q2 24
2.6%
Q1 24
3.7%
Cash Conversion
AORT
AORT
GDEV
GDEV
Q4 25
8.06×
Q3 25
3.42×
Q2 25
11.16×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
-0.73×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AORT
AORT

Aortic Stent Grafts$43.3M37%
On X$27.8M24%
Preservation Services$24.1M21%
Surgical Sealants$20.3M18%
Other Products$463.0K0%

GDEV
GDEV

Segment breakdown not available.

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