vs

Side-by-side financial comparison of GDEV Inc. (GDEV) and Holley Inc. (HLLY). Click either name above to swap in a different company.

Holley Inc. is the larger business by last-quarter revenue ($155.4M vs $119.9M, roughly 1.3× GDEV Inc.). GDEV Inc. runs the higher net margin — 13.9% vs 4.1%, a 9.8% gap on every dollar of revenue. On growth, GDEV Inc. posted the faster year-over-year revenue change (13.3% vs 11.0%).

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...

Holley Performance Products is an automotive performance company based in Bowling Green, Kentucky. It was founded in 1896 in Bradford, Pennsylvania, by George Holley and Earl Holley. When the company was based in Michigan it was a major producer of carburetors for many Detroit-built automobiles.

GDEV vs HLLY — Head-to-Head

Bigger by revenue
HLLY
HLLY
1.3× larger
HLLY
$155.4M
$119.9M
GDEV
Growing faster (revenue YoY)
GDEV
GDEV
+2.3% gap
GDEV
13.3%
11.0%
HLLY
Higher net margin
GDEV
GDEV
9.8% more per $
GDEV
13.9%
4.1%
HLLY

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
GDEV
GDEV
HLLY
HLLY
Revenue
$119.9M
$155.4M
Net Profit
$16.6M
$6.3M
Gross Margin
46.8%
Operating Margin
15.5%
12.7%
Net Margin
13.9%
4.1%
Revenue YoY
13.3%
11.0%
Net Profit YoY
13.0%
116.7%
EPS (diluted)
$0.90
$0.06

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
HLLY
HLLY
Q4 25
$155.4M
Q3 25
$138.4M
Q2 25
$119.9M
$166.7M
Q1 25
$153.0M
Q4 24
$140.1M
Q3 24
$134.0M
Q2 24
$105.8M
$169.5M
Q1 24
$158.6M
Net Profit
GDEV
GDEV
HLLY
HLLY
Q4 25
$6.3M
Q3 25
$-806.0K
Q2 25
$16.6M
$10.9M
Q1 25
$2.8M
Q4 24
$-37.8M
Q3 24
$-6.3M
Q2 24
$14.7M
$17.1M
Q1 24
$3.7M
Gross Margin
GDEV
GDEV
HLLY
HLLY
Q4 25
46.8%
Q3 25
43.2%
Q2 25
41.7%
Q1 25
41.9%
Q4 24
45.6%
Q3 24
39.0%
Q2 24
41.5%
Q1 24
32.8%
Operating Margin
GDEV
GDEV
HLLY
HLLY
Q4 25
12.7%
Q3 25
11.5%
Q2 25
15.5%
16.5%
Q1 25
12.6%
Q4 24
-20.7%
Q3 24
4.2%
Q2 24
14.4%
16.4%
Q1 24
6.4%
Net Margin
GDEV
GDEV
HLLY
HLLY
Q4 25
4.1%
Q3 25
-0.6%
Q2 25
13.9%
6.5%
Q1 25
1.8%
Q4 24
-27.0%
Q3 24
-4.7%
Q2 24
13.9%
10.1%
Q1 24
2.4%
EPS (diluted)
GDEV
GDEV
HLLY
HLLY
Q4 25
$0.06
Q3 25
$-0.01
Q2 25
$0.90
$0.09
Q1 25
$0.02
Q4 24
$-0.32
Q3 24
$-0.05
Q2 24
$0.81
$0.14
Q1 24
$0.03

Balance Sheet & Financial Strength

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

Metric
GDEV
GDEV
HLLY
HLLY
Cash + ST InvestmentsLiquidity on hand
$41.6M
$37.2M
Total DebtLower is stronger
$516.1M
Stockholders' EquityBook value
$-129.4M
$448.9M
Total Assets
$210.2M
$1.2B
Debt / EquityLower = less leverage
1.15×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GDEV
GDEV
HLLY
HLLY
Q4 25
$37.2M
Q3 25
$50.7M
Q2 25
$41.6M
$63.8M
Q1 25
$39.1M
Q4 24
$56.1M
Q3 24
$50.8M
Q2 24
$50.8M
$53.1M
Q1 24
$41.1M
Total Debt
GDEV
GDEV
HLLY
HLLY
Q4 25
$516.1M
Q3 25
$528.9M
Q2 25
$543.3M
Q1 25
$551.3M
Q4 24
$545.4M
Q3 24
$556.4M
Q2 24
$556.1M
Q1 24
$567.6M
Stockholders' Equity
GDEV
GDEV
HLLY
HLLY
Q4 25
$448.9M
Q3 25
$439.7M
Q2 25
$-129.4M
$437.8M
Q1 25
$424.6M
Q4 24
$421.2M
Q3 24
$458.7M
Q2 24
$-118.7M
$463.2M
Q1 24
$444.9M
Total Assets
GDEV
GDEV
HLLY
HLLY
Q4 25
$1.2B
Q3 25
$1.2B
Q2 25
$210.2M
$1.2B
Q1 25
$1.1B
Q4 24
$1.1B
Q3 24
$1.2B
Q2 24
$282.8M
$1.2B
Q1 24
$1.2B
Debt / Equity
GDEV
GDEV
HLLY
HLLY
Q4 25
1.15×
Q3 25
1.20×
Q2 25
1.24×
Q1 25
1.30×
Q4 24
1.29×
Q3 24
1.21×
Q2 24
1.20×
Q1 24
1.28×

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
HLLY
HLLY
Operating Cash FlowLast quarter
$6.2M
Free Cash FlowOCF − Capex
$3.8M
FCF MarginFCF / Revenue
2.4%
Capex IntensityCapex / Revenue
1.5%
Cash ConversionOCF / Net Profit
0.98×
TTM Free Cash FlowTrailing 4 quarters
$33.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GDEV
GDEV
HLLY
HLLY
Q4 25
$6.2M
Q3 25
$7.4M
Q2 25
$40.5M
Q1 25
$-7.8M
Q4 24
$4.1M
Q3 24
$-1.7M
Q2 24
$25.7M
Q1 24
$18.8M
Free Cash Flow
GDEV
GDEV
HLLY
HLLY
Q4 25
$3.8M
Q3 25
$5.3M
Q2 25
$35.7M
Q1 25
$-10.8M
Q4 24
$1.7M
Q3 24
$-3.5M
Q2 24
$24.3M
Q1 24
$17.6M
FCF Margin
GDEV
GDEV
HLLY
HLLY
Q4 25
2.4%
Q3 25
3.8%
Q2 25
21.4%
Q1 25
-7.1%
Q4 24
1.2%
Q3 24
-2.6%
Q2 24
14.3%
Q1 24
11.1%
Capex Intensity
GDEV
GDEV
HLLY
HLLY
Q4 25
1.5%
Q3 25
1.6%
Q2 25
2.9%
Q1 25
1.9%
Q4 24
1.7%
Q3 24
1.3%
Q2 24
0.8%
Q1 24
0.8%
Cash Conversion
GDEV
GDEV
HLLY
HLLY
Q4 25
0.98×
Q3 25
Q2 25
3.73×
Q1 25
-2.79×
Q4 24
Q3 24
Q2 24
1.50×
Q1 24
5.05×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GDEV
GDEV

Segment breakdown not available.

HLLY
HLLY

Truck Off Road$125.5M81%
Euro Import$29.9M19%

Related Comparisons