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Side-by-side financial comparison of AVADEL PHARMACEUTICALS PLC (AVDL) 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 $77.5M, roughly 1.5× AVADEL PHARMACEUTICALS PLC). GDEV Inc. runs the higher net margin — 13.9% vs 0.0%, a 13.8% gap on every dollar of revenue. On growth, AVADEL PHARMACEUTICALS PLC posted the faster year-over-year revenue change (54.9% vs 13.3%).

Avadel Pharmaceuticals, is an Irish specialty pharmaceutical company that focuses on sleep disorder medicines. Avadel markets products in the hospital and primary care spaces. The company is headquartered in Dublin, Ireland with operations in St. Louis, Missouri and Lyon, France.

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...

AVDL vs GDEV — Head-to-Head

Bigger by revenue
GDEV
GDEV
1.5× larger
GDEV
$119.9M
$77.5M
AVDL
Growing faster (revenue YoY)
AVDL
AVDL
+41.5% gap
AVDL
54.9%
13.3%
GDEV
Higher net margin
GDEV
GDEV
13.8% more per $
GDEV
13.9%
0.0%
AVDL

Income Statement — Q3 FY2025 vs Q2 FY2025

Metric
AVDL
AVDL
GDEV
GDEV
Revenue
$77.5M
$119.9M
Net Profit
$20.0K
$16.6M
Gross Margin
Operating Margin
2.5%
15.5%
Net Margin
0.0%
13.9%
Revenue YoY
54.9%
13.3%
Net Profit YoY
100.8%
13.0%
EPS (diluted)
$0.00
$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
AVDL
AVDL
GDEV
GDEV
Q3 25
$77.5M
Q2 25
$68.1M
$119.9M
Q1 25
$52.5M
Q4 24
$50.4M
Q3 24
$50.0M
Q2 24
$41.5M
$105.8M
Q1 24
$27.2M
Q4 23
$19.5M
Net Profit
AVDL
AVDL
GDEV
GDEV
Q3 25
$20.0K
Q2 25
$9.7M
$16.6M
Q1 25
$-4.9M
Q4 24
$-5.0M
Q3 24
$-2.6M
Q2 24
$-13.8M
$14.7M
Q1 24
$-27.3M
Q4 23
$-28.8M
Gross Margin
AVDL
AVDL
GDEV
GDEV
Q3 25
Q2 25
90.7%
Q1 25
89.4%
Q4 24
90.5%
Q3 24
87.7%
Q2 24
93.3%
Q1 24
94.4%
Q4 23
96.4%
Operating Margin
AVDL
AVDL
GDEV
GDEV
Q3 25
2.5%
Q2 25
13.0%
15.5%
Q1 25
-5.7%
Q4 24
-6.5%
Q3 24
-0.7%
Q2 24
-30.7%
14.4%
Q1 24
-95.8%
Q4 23
-128.0%
Net Margin
AVDL
AVDL
GDEV
GDEV
Q3 25
0.0%
Q2 25
14.2%
13.9%
Q1 25
-9.4%
Q4 24
-10.0%
Q3 24
-5.2%
Q2 24
-33.3%
13.9%
Q1 24
-100.6%
Q4 23
-148.0%
EPS (diluted)
AVDL
AVDL
GDEV
GDEV
Q3 25
$0.00
Q2 25
$0.10
$0.90
Q1 25
$-0.05
Q4 24
$-0.04
Q3 24
$-0.03
Q2 24
$-0.14
$0.81
Q1 24
$-0.30
Q4 23
$-0.28

Balance Sheet & Financial Strength

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

Metric
AVDL
AVDL
GDEV
GDEV
Cash + ST InvestmentsLiquidity on hand
$91.6M
$41.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$98.2M
$-129.4M
Total Assets
$199.4M
$210.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVDL
AVDL
GDEV
GDEV
Q3 25
$91.6M
Q2 25
$81.5M
$41.6M
Q1 25
$66.5M
Q4 24
$73.8M
Q3 24
$65.8M
Q2 24
$71.4M
$50.8M
Q1 24
$88.8M
Q4 23
$105.1M
Stockholders' Equity
AVDL
AVDL
GDEV
GDEV
Q3 25
$98.2M
Q2 25
$90.7M
$-129.4M
Q1 25
$74.1M
Q4 24
$73.8M
Q3 24
$74.7M
Q2 24
$70.3M
$-118.7M
Q1 24
$78.4M
Q4 23
$87.7M
Total Assets
AVDL
AVDL
GDEV
GDEV
Q3 25
$199.4M
Q2 25
$187.2M
$210.2M
Q1 25
$167.9M
Q4 24
$164.2M
Q3 24
$158.3M
Q2 24
$157.5M
$282.8M
Q1 24
$167.9M
Q4 23
$164.7M

Cash Flow & Capital Efficiency

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

Metric
AVDL
AVDL
GDEV
GDEV
Operating Cash FlowLast quarter
$22.2M
Free Cash FlowOCF − Capex
$22.2M
FCF MarginFCF / Revenue
28.7%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
1110.25×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AVDL
AVDL
GDEV
GDEV
Q3 25
$22.2M
Q2 25
$12.7M
Q1 25
$-8.2M
Q4 24
$7.9M
Q3 24
$-6.9M
Q2 24
$-18.2M
Q1 24
$-29.7M
Q4 23
$-28.0M
Free Cash Flow
AVDL
AVDL
GDEV
GDEV
Q3 25
$22.2M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Q4 23
FCF Margin
AVDL
AVDL
GDEV
GDEV
Q3 25
28.7%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Q4 23
Capex Intensity
AVDL
AVDL
GDEV
GDEV
Q3 25
0.0%
Q2 25
Q1 25
Q4 24
Q3 24
0.0%
Q2 24
Q1 24
Q4 23
Cash Conversion
AVDL
AVDL
GDEV
GDEV
Q3 25
1110.25×
Q2 25
1.31×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Q4 23

Financial Flow Comparison

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

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