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Side-by-side financial comparison of GDEV Inc. (GDEV) and Genie Energy Ltd. (GNE). Click either name above to swap in a different company.

Genie Energy Ltd. is the larger business by last-quarter revenue ($138.3M vs $119.9M, roughly 1.2× GDEV Inc.). GDEV Inc. runs the higher net margin — 13.9% vs 4.9%, a 9.0% gap on every dollar of revenue. On growth, Genie Energy Ltd. posted the faster year-over-year revenue change (23.6% vs 13.3%).

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...

Genie Energy Ltd. is an American energy company headquartered in Newark, New Jersey. It is a holding company comprising Genie Retail Energy, Genie Retail Energy International, Genie Energy Services, and Genie Energy Oil and Gas. Michael Stein is the Chief Executive Officer, Genie Energy Ltd.

GDEV vs GNE — Head-to-Head

Bigger by revenue
GNE
GNE
1.2× larger
GNE
$138.3M
$119.9M
GDEV
Growing faster (revenue YoY)
GNE
GNE
+10.3% gap
GNE
23.6%
13.3%
GDEV
Higher net margin
GDEV
GDEV
9.0% more per $
GDEV
13.9%
4.9%
GNE

Income Statement — Q2 FY2025 vs Q3 FY2025

Metric
GDEV
GDEV
GNE
GNE
Revenue
$119.9M
$138.3M
Net Profit
$16.6M
$6.7M
Gross Margin
21.7%
Operating Margin
15.5%
5.0%
Net Margin
13.9%
4.9%
Revenue YoY
13.3%
23.6%
Net Profit YoY
13.0%
-33.9%
EPS (diluted)
$0.90
$0.26

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
GDEV
GDEV
GNE
GNE
Q3 25
$138.3M
Q2 25
$119.9M
$105.3M
Q1 25
$136.8M
Q4 24
$102.9M
Q3 24
$111.9M
Q2 24
$105.8M
$90.7M
Q1 24
$119.7M
Q4 23
$104.9M
Net Profit
GDEV
GDEV
GNE
GNE
Q3 25
$6.7M
Q2 25
$16.6M
$2.8M
Q1 25
$10.3M
Q4 24
$-15.3M
Q3 24
$10.2M
Q2 24
$14.7M
$9.6M
Q1 24
$8.1M
Q4 23
$-24.5M
Gross Margin
GDEV
GDEV
GNE
GNE
Q3 25
21.7%
Q2 25
22.3%
Q1 25
27.3%
Q4 24
32.5%
Q3 24
33.9%
Q2 24
36.8%
Q1 24
28.2%
Q4 23
32.0%
Operating Margin
GDEV
GDEV
GNE
GNE
Q3 25
5.0%
Q2 25
15.5%
1.9%
Q1 25
9.4%
Q4 24
-20.2%
Q3 24
10.4%
Q2 24
14.4%
11.6%
Q1 24
8.2%
Q4 23
-32.6%
Net Margin
GDEV
GDEV
GNE
GNE
Q3 25
4.9%
Q2 25
13.9%
2.7%
Q1 25
7.5%
Q4 24
-14.9%
Q3 24
9.1%
Q2 24
13.9%
10.6%
Q1 24
6.8%
Q4 23
-23.4%
EPS (diluted)
GDEV
GDEV
GNE
GNE
Q3 25
$0.26
Q2 25
$0.90
$0.11
Q1 25
$0.40
Q4 24
$-0.58
Q3 24
$0.38
Q2 24
$0.81
$0.36
Q1 24
$0.30
Q4 23
$-0.90

Balance Sheet & Financial Strength

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

Metric
GDEV
GDEV
GNE
GNE
Cash + ST InvestmentsLiquidity on hand
$41.6M
$109.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$-129.4M
$198.8M
Total Assets
$210.2M
$394.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GDEV
GDEV
GNE
GNE
Q3 25
$109.8M
Q2 25
$41.6M
$106.0M
Q1 25
$118.3M
Q4 24
$110.1M
Q3 24
$141.8M
Q2 24
$50.8M
$126.8M
Q1 24
$106.9M
Q4 23
$111.4M
Stockholders' Equity
GDEV
GDEV
GNE
GNE
Q3 25
$198.8M
Q2 25
$-129.4M
$197.0M
Q1 25
$198.0M
Q4 24
$190.5M
Q3 24
$211.1M
Q2 24
$-118.7M
$202.1M
Q1 24
$192.9M
Q4 23
$197.2M
Total Assets
GDEV
GDEV
GNE
GNE
Q3 25
$394.1M
Q2 25
$210.2M
$383.1M
Q1 25
$384.4M
Q4 24
$371.3M
Q3 24
$341.7M
Q2 24
$282.8M
$322.8M
Q1 24
$328.3M
Q4 23
$330.6M

Cash Flow & Capital Efficiency

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

Metric
GDEV
GDEV
GNE
GNE
Operating Cash FlowLast quarter
$13.9M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
2.07×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GDEV
GDEV
GNE
GNE
Q3 25
$13.9M
Q2 25
$1.1M
Q1 25
$15.3M
Q4 24
$13.0M
Q3 24
$24.4M
Q2 24
$20.4M
Q1 24
$12.9M
Q4 23
$10.5M
Free Cash Flow
GDEV
GDEV
GNE
GNE
Q3 25
Q2 25
Q1 25
$13.6M
Q4 24
Q3 24
$21.9M
Q2 24
$20.1M
Q1 24
$11.7M
Q4 23
FCF Margin
GDEV
GDEV
GNE
GNE
Q3 25
Q2 25
Q1 25
9.9%
Q4 24
Q3 24
19.6%
Q2 24
22.1%
Q1 24
9.8%
Q4 23
Capex Intensity
GDEV
GDEV
GNE
GNE
Q3 25
Q2 25
Q1 25
1.3%
Q4 24
Q3 24
2.2%
Q2 24
0.4%
Q1 24
1.0%
Q4 23
Cash Conversion
GDEV
GDEV
GNE
GNE
Q3 25
2.07×
Q2 25
0.40×
Q1 25
1.49×
Q4 24
Q3 24
2.39×
Q2 24
2.12×
Q1 24
1.59×
Q4 23

Financial Flow Comparison

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

Revenue Breakdown by Segment

GDEV
GDEV

Segment breakdown not available.

GNE
GNE

Sales Channel Directly To Consumer$108.8M79%
Sales Channel Through Intermediary$23.5M17%
Genie Renewables GREW$6.0M4%

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