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Side-by-side financial comparison of Brilliant Earth Group, Inc. (BRLT) and GDEV Inc. (GDEV). Click either name above to swap in a different company.

Brilliant Earth Group, Inc. is the larger business by last-quarter revenue ($124.4M vs $119.9M, roughly 1.0× GDEV Inc.). GDEV Inc. runs the higher net margin — 13.9% vs -2.3%, a 16.2% gap on every dollar of revenue. On growth, GDEV Inc. posted the faster year-over-year revenue change (13.3% vs 4.1%).

Brilliant Earth is an American company that sells jewelry featuring diamonds and other gemstones that are asserted to be ethically sourced. The company was established in August 2005 by Beth Gerstein and Eric Grossberg, and is headquartered in San Francisco, California. According to Businessweek, the company has been influential in creating a market for ethically sourced jewelry. Some provenance claims were disputed as per a 2017 The Next Web article.

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...

BRLT vs GDEV — Head-to-Head

Bigger by revenue
BRLT
BRLT
1.0× larger
BRLT
$124.4M
$119.9M
GDEV
Growing faster (revenue YoY)
GDEV
GDEV
+9.2% gap
GDEV
13.3%
4.1%
BRLT
Higher net margin
GDEV
GDEV
16.2% more per $
GDEV
13.9%
-2.3%
BRLT

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
BRLT
BRLT
GDEV
GDEV
Revenue
$124.4M
$119.9M
Net Profit
$-2.9M
$16.6M
Gross Margin
55.9%
Operating Margin
-0.0%
15.5%
Net Margin
-2.3%
13.9%
Revenue YoY
4.1%
13.3%
Net Profit YoY
-908.9%
13.0%
EPS (diluted)
$-0.20
$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
BRLT
BRLT
GDEV
GDEV
Q4 25
$124.4M
Q3 25
$110.3M
Q2 25
$108.9M
$119.9M
Q1 25
$93.9M
Q4 24
$119.5M
Q3 24
$99.9M
Q2 24
$105.4M
$105.8M
Q1 24
$97.3M
Net Profit
BRLT
BRLT
GDEV
GDEV
Q4 25
$-2.9M
Q3 25
$-107.0K
Q2 25
$-166.0K
$16.6M
Q1 25
$-466.0K
Q4 24
$358.0K
Q3 24
$-141.0K
Q2 24
$185.0K
$14.7M
Q1 24
$139.0K
Gross Margin
BRLT
BRLT
GDEV
GDEV
Q4 25
55.9%
Q3 25
57.6%
Q2 25
58.3%
Q1 25
58.6%
Q4 24
59.6%
Q3 24
60.8%
Q2 24
60.8%
Q1 24
59.9%
Operating Margin
BRLT
BRLT
GDEV
GDEV
Q4 25
-0.0%
Q3 25
-0.6%
Q2 25
-1.1%
15.5%
Q1 25
-3.8%
Q4 24
2.0%
Q3 24
-1.1%
Q2 24
1.1%
14.4%
Q1 24
0.9%
Net Margin
BRLT
BRLT
GDEV
GDEV
Q4 25
-2.3%
Q3 25
-0.1%
Q2 25
-0.2%
13.9%
Q1 25
-0.5%
Q4 24
0.3%
Q3 24
-0.1%
Q2 24
0.2%
13.9%
Q1 24
0.1%
EPS (diluted)
BRLT
BRLT
GDEV
GDEV
Q4 25
$-0.20
Q3 25
$-0.01
Q2 25
$-0.01
$0.90
Q1 25
$-0.03
Q4 24
$0.02
Q3 24
$-0.01
Q2 24
$0.01
$0.81
Q1 24
$0.01

Balance Sheet & Financial Strength

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

Metric
BRLT
BRLT
GDEV
GDEV
Cash + ST InvestmentsLiquidity on hand
$79.1M
$41.6M
Total DebtLower is stronger
$0
Stockholders' EquityBook value
$12.3M
$-129.4M
Total Assets
$200.9M
$210.2M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BRLT
BRLT
GDEV
GDEV
Q4 25
$79.1M
Q3 25
$73.4M
Q2 25
$133.6M
$41.6M
Q1 25
$147.3M
Q4 24
$161.9M
Q3 24
$152.7M
Q2 24
$152.2M
$50.8M
Q1 24
$147.5M
Total Debt
BRLT
BRLT
GDEV
GDEV
Q4 25
$0
Q3 25
$0
Q2 25
$34.5M
Q1 25
$54.5M
Q4 24
$55.7M
Q3 24
$58.1M
Q2 24
$58.0M
Q1 24
$58.8M
Stockholders' Equity
BRLT
BRLT
GDEV
GDEV
Q4 25
$12.3M
Q3 25
$12.0M
Q2 25
$15.3M
$-129.4M
Q1 25
$14.9M
Q4 24
$15.3M
Q3 24
$14.5M
Q2 24
$14.1M
$-118.7M
Q1 24
$13.3M
Total Assets
BRLT
BRLT
GDEV
GDEV
Q4 25
$200.9M
Q3 25
$203.0M
Q2 25
$260.9M
$210.2M
Q1 25
$269.6M
Q4 24
$281.2M
Q3 24
$273.2M
Q2 24
$272.5M
$282.8M
Q1 24
$268.2M
Debt / Equity
BRLT
BRLT
GDEV
GDEV
Q4 25
0.00×
Q3 25
0.00×
Q2 25
2.26×
Q1 25
3.65×
Q4 24
3.63×
Q3 24
4.01×
Q2 24
4.13×
Q1 24
4.43×

Cash Flow & Capital Efficiency

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

Metric
BRLT
BRLT
GDEV
GDEV
Operating Cash FlowLast quarter
$7.2M
Free Cash FlowOCF − Capex
$5.7M
FCF MarginFCF / Revenue
4.6%
Capex IntensityCapex / Revenue
1.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$5.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BRLT
BRLT
GDEV
GDEV
Q4 25
$7.2M
Q3 25
$608.0K
Q2 25
$9.1M
Q1 25
$-7.1M
Q4 24
$14.1M
Q3 24
$2.0M
Q2 24
$7.3M
Q1 24
$-5.8M
Free Cash Flow
BRLT
BRLT
GDEV
GDEV
Q4 25
$5.7M
Q3 25
$-3.0K
Q2 25
$7.9M
Q1 25
$-7.9M
Q4 24
$11.9M
Q3 24
$674.0K
Q2 24
$6.5M
Q1 24
$-6.4M
FCF Margin
BRLT
BRLT
GDEV
GDEV
Q4 25
4.6%
Q3 25
-0.0%
Q2 25
7.3%
Q1 25
-8.4%
Q4 24
10.0%
Q3 24
0.7%
Q2 24
6.1%
Q1 24
-6.5%
Capex Intensity
BRLT
BRLT
GDEV
GDEV
Q4 25
1.2%
Q3 25
0.6%
Q2 25
1.1%
Q1 25
0.8%
Q4 24
1.8%
Q3 24
1.3%
Q2 24
0.8%
Q1 24
0.6%
Cash Conversion
BRLT
BRLT
GDEV
GDEV
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
39.36×
Q3 24
Q2 24
39.51×
Q1 24
-41.65×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BRLT
BRLT

US$120.3M97%
Non Us$4.2M3%

GDEV
GDEV

Segment breakdown not available.

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