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

ATN International, Inc. is the larger business by last-quarter revenue ($169.1M vs $119.9M, roughly 1.4× GDEV Inc.). GDEV Inc. runs the higher net margin — 13.9% vs -4.0%, a 17.9% gap on every dollar of revenue. On growth, GDEV Inc. posted the faster year-over-year revenue change (13.3% vs 1.2%).

ATN International, Inc. (ATN) formerly known as Atlantic Tele-Network, Inc., is a publicly traded telecommunications company that is headquartered in Beverly, Massachusetts. It operates digital wireless, wireline, and both terrestrial and submarine fiber optic networks, serving markets that are geographically separated and technically challenging, such as the plains, deserts, and mountainous areas of the United States.

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...

ATNI vs GDEV — Head-to-Head

Bigger by revenue
ATNI
ATNI
1.4× larger
ATNI
$169.1M
$119.9M
GDEV
Growing faster (revenue YoY)
GDEV
GDEV
+12.1% gap
GDEV
13.3%
1.2%
ATNI
Higher net margin
GDEV
GDEV
17.9% more per $
GDEV
13.9%
-4.0%
ATNI

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
ATNI
ATNI
GDEV
GDEV
Revenue
$169.1M
$119.9M
Net Profit
$-6.8M
$16.6M
Gross Margin
Operating Margin
9.3%
15.5%
Net Margin
-4.0%
13.9%
Revenue YoY
1.2%
13.3%
Net Profit YoY
-261.7%
13.0%
EPS (diluted)
$-0.31
$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
ATNI
ATNI
GDEV
GDEV
Q4 25
$169.1M
Q3 25
$166.9M
Q2 25
$166.5M
$119.9M
Q1 25
$164.6M
Q4 24
$167.1M
Q3 24
$164.6M
Q2 24
$169.4M
$105.8M
Q1 24
$172.9M
Net Profit
ATNI
ATNI
GDEV
GDEV
Q4 25
$-6.8M
Q3 25
$3.9M
Q2 25
$-9.3M
$16.6M
Q1 25
$-11.4M
Q4 24
$4.2M
Q3 24
$-39.5M
Q2 24
$11.3M
$14.7M
Q1 24
$-7.9M
Operating Margin
ATNI
ATNI
GDEV
GDEV
Q4 25
9.3%
Q3 25
5.9%
Q2 25
0.1%
15.5%
Q1 25
1.6%
Q4 24
5.2%
Q3 24
-23.3%
Q2 24
14.4%
14.4%
Q1 24
2.6%
Net Margin
ATNI
ATNI
GDEV
GDEV
Q4 25
-4.0%
Q3 25
2.4%
Q2 25
-5.6%
13.9%
Q1 25
-6.9%
Q4 24
2.5%
Q3 24
-24.0%
Q2 24
6.7%
13.9%
Q1 24
-4.6%
EPS (diluted)
ATNI
ATNI
GDEV
GDEV
Q4 25
$-0.31
Q3 25
$0.18
Q2 25
$-0.56
$0.90
Q1 25
$-0.69
Q4 24
$0.16
Q3 24
$-2.26
Q2 24
$0.50
$0.81
Q1 24
$-0.50

Balance Sheet & Financial Strength

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

Metric
ATNI
ATNI
GDEV
GDEV
Cash + ST InvestmentsLiquidity on hand
$102.9M
$41.6M
Total DebtLower is stronger
$565.2M
Stockholders' EquityBook value
$444.3M
$-129.4M
Total Assets
$1.7B
$210.2M
Debt / EquityLower = less leverage
1.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATNI
ATNI
GDEV
GDEV
Q4 25
$102.9M
Q3 25
$106.6M
Q2 25
$99.4M
$41.6M
Q1 25
$83.8M
Q4 24
$73.7M
Q3 24
$101.0M
Q2 24
$59.2M
$50.8M
Q1 24
$56.8M
Total Debt
ATNI
ATNI
GDEV
GDEV
Q4 25
$565.2M
Q3 25
$579.6M
Q2 25
$583.4M
Q1 25
$562.4M
Q4 24
$557.4M
Q3 24
$568.9M
Q2 24
$540.8M
Q1 24
$541.3M
Stockholders' Equity
ATNI
ATNI
GDEV
GDEV
Q4 25
$444.3M
Q3 25
$452.3M
Q2 25
$458.7M
$-129.4M
Q1 25
$473.3M
Q4 24
$489.5M
Q3 24
$490.8M
Q2 24
$526.8M
$-118.7M
Q1 24
$530.0M
Total Assets
ATNI
ATNI
GDEV
GDEV
Q4 25
$1.7B
Q3 25
$1.7B
Q2 25
$1.7B
$210.2M
Q1 25
$1.7B
Q4 24
$1.7B
Q3 24
$1.8B
Q2 24
$1.8B
$282.8M
Q1 24
$1.8B
Debt / Equity
ATNI
ATNI
GDEV
GDEV
Q4 25
1.27×
Q3 25
1.28×
Q2 25
1.27×
Q1 25
1.19×
Q4 24
1.14×
Q3 24
1.16×
Q2 24
1.03×
Q1 24
1.02×

Cash Flow & Capital Efficiency

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

Metric
ATNI
ATNI
GDEV
GDEV
Operating Cash FlowLast quarter
$36.2M
Free Cash FlowOCF − Capex
$7.1M
FCF MarginFCF / Revenue
4.2%
Capex IntensityCapex / Revenue
17.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$43.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATNI
ATNI
GDEV
GDEV
Q4 25
$36.2M
Q3 25
$37.8M
Q2 25
$23.9M
Q1 25
$35.9M
Q4 24
$30.5M
Q3 24
$39.0M
Q2 24
$35.2M
Q1 24
$23.2M
Free Cash Flow
ATNI
ATNI
GDEV
GDEV
Q4 25
$7.1M
Q3 25
$18.9M
Q2 25
$2.8M
Q1 25
$15.1M
Q4 24
$5.8M
Q3 24
$15.2M
Q2 24
$9.4M
Q1 24
$-12.8M
FCF Margin
ATNI
ATNI
GDEV
GDEV
Q4 25
4.2%
Q3 25
11.3%
Q2 25
1.7%
Q1 25
9.2%
Q4 24
3.5%
Q3 24
9.2%
Q2 24
5.6%
Q1 24
-7.4%
Capex Intensity
ATNI
ATNI
GDEV
GDEV
Q4 25
17.2%
Q3 25
11.3%
Q2 25
12.7%
Q1 25
12.7%
Q4 24
14.8%
Q3 24
14.5%
Q2 24
15.2%
Q1 24
20.8%
Cash Conversion
ATNI
ATNI
GDEV
GDEV
Q4 25
Q3 25
9.62×
Q2 25
Q1 25
Q4 24
7.24×
Q3 24
Q2 24
3.11×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

ATNI
ATNI

Us Telecommunications$86.9M51%
Fixed Consumer$42.8M25%
Fixed Business$18.5M11%
Transferred At Point In Time$7.2M4%
Mobility Business$5.3M3%
Other Revenue$4.2M2%
Other Communication Services$3.2M2%
Managed Services$1.2M1%
Construction Services$448.0K0%

GDEV
GDEV

Segment breakdown not available.

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