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Side-by-side financial comparison of BrightSpire Capital, Inc. (BRSP) 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 $83.2M, roughly 1.4× BrightSpire Capital, Inc.). GDEV Inc. runs the higher net margin — 13.9% vs -17.3%, a 31.1% gap on every dollar of revenue. On growth, GDEV Inc. posted the faster year-over-year revenue change (13.3% vs -0.4%).

Oakley Capital Investments, is a large British investment trust focused on investments in mid-market companies in the business services, consumer, education and technology sectors. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

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...

BRSP vs GDEV — Head-to-Head

Bigger by revenue
GDEV
GDEV
1.4× larger
GDEV
$119.9M
$83.2M
BRSP
Growing faster (revenue YoY)
GDEV
GDEV
+13.7% gap
GDEV
13.3%
-0.4%
BRSP
Higher net margin
GDEV
GDEV
31.1% more per $
GDEV
13.9%
-17.3%
BRSP

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
BRSP
BRSP
GDEV
GDEV
Revenue
$83.2M
$119.9M
Net Profit
$-14.4M
$16.6M
Gross Margin
Operating Margin
15.5%
Net Margin
-17.3%
13.9%
Revenue YoY
-0.4%
13.3%
Net Profit YoY
27.3%
13.0%
EPS (diluted)
$-0.11
$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
BRSP
BRSP
GDEV
GDEV
Q4 25
$83.2M
Q3 25
$83.9M
Q2 25
$85.9M
$119.9M
Q1 25
$77.6M
Q4 24
$83.5M
Q3 24
$88.2M
Q2 24
$91.4M
$105.8M
Q1 24
$95.8M
Net Profit
BRSP
BRSP
GDEV
GDEV
Q4 25
$-14.4M
Q3 25
$984.0K
Q2 25
$-23.1M
$16.6M
Q1 25
$5.3M
Q4 24
$-19.7M
Q3 24
$12.7M
Q2 24
$-67.9M
$14.7M
Q1 24
$-57.1M
Operating Margin
BRSP
BRSP
GDEV
GDEV
Q4 25
Q3 25
-1.7%
Q2 25
-54.5%
15.5%
Q1 25
5.1%
Q4 24
-24.9%
Q3 24
13.2%
Q2 24
-74.9%
14.4%
Q1 24
-59.4%
Net Margin
BRSP
BRSP
GDEV
GDEV
Q4 25
-17.3%
Q3 25
1.2%
Q2 25
-26.9%
13.9%
Q1 25
6.9%
Q4 24
-23.7%
Q3 24
14.4%
Q2 24
-74.2%
13.9%
Q1 24
-59.6%
EPS (diluted)
BRSP
BRSP
GDEV
GDEV
Q4 25
$-0.11
Q3 25
$0.00
Q2 25
$-0.19
$0.90
Q1 25
$0.04
Q4 24
$-0.16
Q3 24
$0.09
Q2 24
$-0.53
$0.81
Q1 24
$-0.45

Balance Sheet & Financial Strength

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

Metric
BRSP
BRSP
GDEV
GDEV
Cash + ST InvestmentsLiquidity on hand
$66.8M
$41.6M
Total DebtLower is stronger
$2.5B
Stockholders' EquityBook value
$938.4M
$-129.4M
Total Assets
$3.6B
$210.2M
Debt / EquityLower = less leverage
2.63×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BRSP
BRSP
GDEV
GDEV
Q4 25
$66.8M
Q3 25
$113.4M
Q2 25
$154.3M
$41.6M
Q1 25
$200.9M
Q4 24
$302.2M
Q3 24
$263.8M
Q2 24
$203.3M
$50.8M
Q1 24
$221.5M
Total Debt
BRSP
BRSP
GDEV
GDEV
Q4 25
$2.5B
Q3 25
$2.2B
Q2 25
$2.3B
Q1 25
$2.3B
Q4 24
$2.5B
Q3 24
$2.6B
Q2 24
$2.5B
Q1 24
$2.6B
Stockholders' Equity
BRSP
BRSP
GDEV
GDEV
Q4 25
$938.4M
Q3 25
$976.4M
Q2 25
$994.4M
$-129.4M
Q1 25
$1.0B
Q4 24
$1.0B
Q3 24
$1.1B
Q2 24
$1.1B
$-118.7M
Q1 24
$1.2B
Total Assets
BRSP
BRSP
GDEV
GDEV
Q4 25
$3.6B
Q3 25
$3.3B
Q2 25
$3.4B
$210.2M
Q1 25
$3.6B
Q4 24
$3.7B
Q3 24
$3.8B
Q2 24
$3.8B
$282.8M
Q1 24
$3.9B
Debt / Equity
BRSP
BRSP
GDEV
GDEV
Q4 25
2.63×
Q3 25
2.22×
Q2 25
2.27×
Q1 25
2.27×
Q4 24
2.38×
Q3 24
2.36×
Q2 24
2.28×
Q1 24
2.17×

Cash Flow & Capital Efficiency

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

Metric
BRSP
BRSP
GDEV
GDEV
Operating Cash FlowLast quarter
$73.0M
Free Cash FlowOCF − Capex
$55.1M
FCF MarginFCF / Revenue
66.2%
Capex IntensityCapex / Revenue
21.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$102.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BRSP
BRSP
GDEV
GDEV
Q4 25
$73.0M
Q3 25
$29.9M
Q2 25
$17.4M
Q1 25
$10.5M
Q4 24
$103.4M
Q3 24
$31.3M
Q2 24
$22.9M
Q1 24
$24.6M
Free Cash Flow
BRSP
BRSP
GDEV
GDEV
Q4 25
$55.1M
Q3 25
$27.4M
Q2 25
$11.6M
Q1 25
$8.0M
Q4 24
$97.3M
Q3 24
$28.3M
Q2 24
$22.7M
Q1 24
$22.2M
FCF Margin
BRSP
BRSP
GDEV
GDEV
Q4 25
66.2%
Q3 25
32.7%
Q2 25
13.4%
Q1 25
10.3%
Q4 24
116.6%
Q3 24
32.1%
Q2 24
24.9%
Q1 24
23.2%
Capex Intensity
BRSP
BRSP
GDEV
GDEV
Q4 25
21.6%
Q3 25
2.9%
Q2 25
6.8%
Q1 25
3.2%
Q4 24
7.3%
Q3 24
3.4%
Q2 24
0.1%
Q1 24
2.5%
Cash Conversion
BRSP
BRSP
GDEV
GDEV
Q4 25
Q3 25
30.36×
Q2 25
Q1 25
1.97×
Q4 24
Q3 24
2.46×
Q2 24
Q1 24

Financial Flow Comparison

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

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