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Side-by-side financial comparison of Evolus, Inc. (EOLS) 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 $90.3M, roughly 1.3× Evolus, Inc.). GDEV Inc. runs the higher net margin — 13.9% vs 0.1%, a 13.7% gap on every dollar of revenue. On growth, Evolus, Inc. posted the faster year-over-year revenue change (14.4% vs 13.3%).

Evolus, Inc. is a medical aesthetics company focused on developing and commercializing non-surgical cosmetic treatment solutions. Its flagship product is a prescription neuromodulator designed to reduce moderate to severe glabellar frown lines, serving licensed aesthetic healthcare providers and consumers across North America, Europe, and key Asia-Pacific regional markets.

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...

EOLS vs GDEV — Head-to-Head

Bigger by revenue
GDEV
GDEV
1.3× larger
GDEV
$119.9M
$90.3M
EOLS
Growing faster (revenue YoY)
EOLS
EOLS
+1.1% gap
EOLS
14.4%
13.3%
GDEV
Higher net margin
GDEV
GDEV
13.7% more per $
GDEV
13.9%
0.1%
EOLS

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
EOLS
EOLS
GDEV
GDEV
Revenue
$90.3M
$119.9M
Net Profit
$130.0K
$16.6M
Gross Margin
65.7%
Operating Margin
4.7%
15.5%
Net Margin
0.1%
13.9%
Revenue YoY
14.4%
13.3%
Net Profit YoY
101.9%
13.0%
EPS (diluted)
$0.01
$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
EOLS
EOLS
GDEV
GDEV
Q4 25
$90.3M
Q3 25
$69.0M
Q2 25
$69.4M
$119.9M
Q1 25
$68.5M
Q4 24
$78.9M
Q3 24
$61.1M
Q2 24
$66.9M
$105.8M
Q1 24
$59.3M
Net Profit
EOLS
EOLS
GDEV
GDEV
Q4 25
$130.0K
Q3 25
$-15.7M
Q2 25
$-17.1M
$16.6M
Q1 25
$-18.9M
Q4 24
$-6.8M
Q3 24
$-19.2M
Q2 24
$-11.3M
$14.7M
Q1 24
$-13.1M
Gross Margin
EOLS
EOLS
GDEV
GDEV
Q4 25
65.7%
Q3 25
66.5%
Q2 25
65.3%
Q1 25
68.1%
Q4 24
66.7%
Q3 24
68.9%
Q2 24
70.3%
Q1 24
68.3%
Operating Margin
EOLS
EOLS
GDEV
GDEV
Q4 25
4.7%
Q3 25
-16.7%
Q2 25
-14.7%
15.5%
Q1 25
-22.1%
Q4 24
-2.9%
Q3 24
-25.3%
Q2 24
-11.5%
14.4%
Q1 24
-15.0%
Net Margin
EOLS
EOLS
GDEV
GDEV
Q4 25
0.1%
Q3 25
-22.8%
Q2 25
-24.7%
13.9%
Q1 25
-27.6%
Q4 24
-8.6%
Q3 24
-31.4%
Q2 24
-17.0%
13.9%
Q1 24
-22.1%
EPS (diluted)
EOLS
EOLS
GDEV
GDEV
Q4 25
$0.01
Q3 25
$-0.24
Q2 25
$-0.27
$0.90
Q1 25
$-0.30
Q4 24
$-0.11
Q3 24
$-0.30
Q2 24
$-0.18
$0.81
Q1 24
$-0.22

Balance Sheet & Financial Strength

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

Metric
EOLS
EOLS
GDEV
GDEV
Cash + ST InvestmentsLiquidity on hand
$53.8M
$41.6M
Total DebtLower is stronger
$146.1M
Stockholders' EquityBook value
$-23.1M
$-129.4M
Total Assets
$225.9M
$210.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EOLS
EOLS
GDEV
GDEV
Q4 25
$53.8M
Q3 25
$43.5M
Q2 25
$61.7M
$41.6M
Q1 25
$67.9M
Q4 24
$87.0M
Q3 24
$85.0M
Q2 24
$93.7M
$50.8M
Q1 24
$97.0M
Total Debt
EOLS
EOLS
GDEV
GDEV
Q4 25
$146.1M
Q3 25
Q2 25
Q1 25
$121.8M
Q4 24
$121.5M
Q3 24
$121.2M
Q2 24
$120.9M
Q1 24
$120.6M
Stockholders' Equity
EOLS
EOLS
GDEV
GDEV
Q4 25
$-23.1M
Q3 25
$-28.8M
Q2 25
$-18.7M
$-129.4M
Q1 25
$-6.6M
Q4 24
$5.5M
Q3 24
$5.9M
Q2 24
$19.3M
$-118.7M
Q1 24
$18.4M
Total Assets
EOLS
EOLS
GDEV
GDEV
Q4 25
$225.9M
Q3 25
$219.0M
Q2 25
$228.8M
$210.2M
Q1 25
$213.4M
Q4 24
$232.6M
Q3 24
$229.6M
Q2 24
$233.8M
$282.8M
Q1 24
$226.2M
Debt / Equity
EOLS
EOLS
GDEV
GDEV
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
22.00×
Q3 24
20.58×
Q2 24
6.26×
Q1 24
6.54×

Cash Flow & Capital Efficiency

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

Metric
EOLS
EOLS
GDEV
GDEV
Operating Cash FlowLast quarter
$12.8M
Free Cash FlowOCF − Capex
$11.3M
FCF MarginFCF / Revenue
12.6%
Capex IntensityCapex / Revenue
1.6%
Cash ConversionOCF / Net Profit
98.67×
TTM Free Cash FlowTrailing 4 quarters
$-45.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EOLS
EOLS
GDEV
GDEV
Q4 25
$12.8M
Q3 25
$-14.7M
Q2 25
$-24.8M
Q1 25
$-15.6M
Q4 24
$4.8M
Q3 24
$-5.7M
Q2 24
$-6.5M
Q1 24
$-10.6M
Free Cash Flow
EOLS
EOLS
GDEV
GDEV
Q4 25
$11.3M
Q3 25
$-15.6M
Q2 25
$-25.5M
Q1 25
$-16.0M
Q4 24
$4.4M
Q3 24
$-6.0M
Q2 24
$-6.9M
Q1 24
$-10.9M
FCF Margin
EOLS
EOLS
GDEV
GDEV
Q4 25
12.6%
Q3 25
-22.7%
Q2 25
-36.7%
Q1 25
-23.3%
Q4 24
5.5%
Q3 24
-9.9%
Q2 24
-10.4%
Q1 24
-18.3%
Capex Intensity
EOLS
EOLS
GDEV
GDEV
Q4 25
1.6%
Q3 25
1.4%
Q2 25
1.0%
Q1 25
0.5%
Q4 24
0.6%
Q3 24
0.5%
Q2 24
0.7%
Q1 24
0.4%
Cash Conversion
EOLS
EOLS
GDEV
GDEV
Q4 25
98.67×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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