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

HighPeak Energy, Inc. is the larger business by last-quarter revenue ($216.6M vs $119.9M, roughly 1.8× GDEV Inc.). GDEV Inc. runs the higher net margin — 13.9% vs -11.6%, a 25.5% gap on every dollar of revenue. On growth, GDEV Inc. posted the faster year-over-year revenue change (13.3% vs -23.3%).

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...

Duke Energy Corporation is an American electric power and natural gas holding company headquartered in Charlotte, North Carolina. The company serves over 7 million customers in the eastern United States. In 2024 it ranked as the 141st largest company in the United States – its highest-ever placement on the Fortune 500 list.

GDEV vs HPK — Head-to-Head

Bigger by revenue
HPK
HPK
1.8× larger
HPK
$216.6M
$119.9M
GDEV
Growing faster (revenue YoY)
GDEV
GDEV
+36.6% gap
GDEV
13.3%
-23.3%
HPK
Higher net margin
GDEV
GDEV
25.5% more per $
GDEV
13.9%
-11.6%
HPK

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
GDEV
GDEV
HPK
HPK
Revenue
$119.9M
$216.6M
Net Profit
$16.6M
$-25.2M
Gross Margin
Operating Margin
15.5%
-7.6%
Net Margin
13.9%
-11.6%
Revenue YoY
13.3%
-23.3%
Net Profit YoY
13.0%
-380.7%
EPS (diluted)
$0.90
$-0.16

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
HPK
HPK
Q4 25
$216.6M
Q3 25
$188.9M
Q2 25
$119.9M
$200.4M
Q1 25
$257.4M
Q4 24
$282.6M
Q3 24
$271.6M
Q2 24
$105.8M
$275.3M
Q1 24
$287.8M
Net Profit
GDEV
GDEV
HPK
HPK
Q4 25
$-25.2M
Q3 25
$-18.3M
Q2 25
$16.6M
$26.2M
Q1 25
$36.3M
Q4 24
$9.0M
Q3 24
$49.9M
Q2 24
$14.7M
$29.7M
Q1 24
$6.4M
Operating Margin
GDEV
GDEV
HPK
HPK
Q4 25
-7.6%
Q3 25
17.3%
Q2 25
15.5%
21.7%
Q1 25
35.1%
Q4 24
26.1%
Q3 24
27.0%
Q2 24
14.4%
31.7%
Q1 24
35.8%
Net Margin
GDEV
GDEV
HPK
HPK
Q4 25
-11.6%
Q3 25
-9.7%
Q2 25
13.9%
13.1%
Q1 25
14.1%
Q4 24
3.2%
Q3 24
18.4%
Q2 24
13.9%
10.8%
Q1 24
2.2%
EPS (diluted)
GDEV
GDEV
HPK
HPK
Q4 25
$-0.16
Q3 25
$-0.15
Q2 25
$0.90
$0.19
Q1 25
$0.26
Q4 24
$0.06
Q3 24
$0.35
Q2 24
$0.81
$0.21
Q1 24
$0.05

Balance Sheet & Financial Strength

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

Metric
GDEV
GDEV
HPK
HPK
Cash + ST InvestmentsLiquidity on hand
$41.6M
$162.1M
Total DebtLower is stronger
$1.2B
Stockholders' EquityBook value
$-129.4M
$1.6B
Total Assets
$210.2M
$3.2B
Debt / EquityLower = less leverage
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GDEV
GDEV
HPK
HPK
Q4 25
$162.1M
Q3 25
$164.9M
Q2 25
$41.6M
$21.9M
Q1 25
$51.6M
Q4 24
$86.6M
Q3 24
$135.6M
Q2 24
$50.8M
$157.9M
Q1 24
$173.4M
Total Debt
GDEV
GDEV
HPK
HPK
Q4 25
$1.2B
Q3 25
$1.2B
Q2 25
$1.0B
Q1 25
$1.0B
Q4 24
$1.0B
Q3 24
$1.1B
Q2 24
$1.1B
Q1 24
$1.1B
Stockholders' Equity
GDEV
GDEV
HPK
HPK
Q4 25
$1.6B
Q3 25
$1.6B
Q2 25
$-129.4M
$1.7B
Q1 25
$1.6B
Q4 24
$1.6B
Q3 24
$1.6B
Q2 24
$-118.7M
$1.6B
Q1 24
$1.5B
Total Assets
GDEV
GDEV
HPK
HPK
Q4 25
$3.2B
Q3 25
$3.2B
Q2 25
$210.2M
$3.1B
Q1 25
$3.1B
Q4 24
$3.1B
Q3 24
$3.1B
Q2 24
$282.8M
$3.1B
Q1 24
$3.1B
Debt / Equity
GDEV
GDEV
HPK
HPK
Q4 25
0.75×
Q3 25
0.73×
Q2 25
0.62×
Q1 25
0.63×
Q4 24
0.65×
Q3 24
0.67×
Q2 24
0.70×
Q1 24
0.73×

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
HPK
HPK
Operating Cash FlowLast quarter
$93.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GDEV
GDEV
HPK
HPK
Q4 25
$93.1M
Q3 25
$120.2M
Q2 25
$141.2M
Q1 25
$157.1M
Q4 24
$139.5M
Q3 24
$177.1M
Q2 24
$202.3M
Q1 24
$171.4M
Cash Conversion
GDEV
GDEV
HPK
HPK
Q4 25
Q3 25
Q2 25
5.39×
Q1 25
4.32×
Q4 24
15.53×
Q3 24
3.55×
Q2 24
6.81×
Q1 24
26.63×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GDEV
GDEV

Segment breakdown not available.

HPK
HPK

Crude Oil Sales$152.1M70%
Natural Gas And NGL Sales$60.8M28%

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