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Side-by-side financial comparison of GDEV Inc. (GDEV) and INDEPENDENCE REALTY TRUST, INC. (IRT). Click either name above to swap in a different company.

INDEPENDENCE REALTY TRUST, INC. is the larger business by last-quarter revenue ($165.3M vs $119.9M, roughly 1.4× GDEV Inc.). On growth, GDEV Inc. posted the faster year-over-year revenue change (13.3% vs 2.5%).

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...

Brandywine Realty Trust is a Philadelphia-based real estate investment trust (REIT) that invests in office buildings in Philadelphia, Washington, D.C., and Austin, Texas.

GDEV vs IRT — Head-to-Head

Bigger by revenue
IRT
IRT
1.4× larger
IRT
$165.3M
$119.9M
GDEV
Growing faster (revenue YoY)
GDEV
GDEV
+10.8% gap
GDEV
13.3%
2.5%
IRT

Income Statement — Q2 FY2025 vs Q1 FY2026

Metric
GDEV
GDEV
IRT
IRT
Revenue
$119.9M
$165.3M
Net Profit
$16.6M
Gross Margin
Operating Margin
15.5%
Net Margin
13.9%
Revenue YoY
13.3%
2.5%
Net Profit YoY
13.0%
EPS (diluted)
$0.90
$0.00

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
IRT
IRT
Q1 26
$165.3M
Q4 25
$167.1M
Q3 25
$167.1M
Q2 25
$119.9M
$162.2M
Q1 25
$161.2M
Q4 24
$161.0M
Q3 24
$160.1M
Q2 24
$105.8M
$158.4M
Net Profit
GDEV
GDEV
IRT
IRT
Q1 26
Q4 25
$33.3M
Q3 25
$6.9M
Q2 25
$16.6M
$8.0M
Q1 25
$8.4M
Q4 24
$-1.0M
Q3 24
$12.4M
Q2 24
$14.7M
$10.4M
Operating Margin
GDEV
GDEV
IRT
IRT
Q1 26
Q4 25
Q3 25
Q2 25
15.5%
Q1 25
Q4 24
Q3 24
Q2 24
14.4%
Net Margin
GDEV
GDEV
IRT
IRT
Q1 26
Q4 25
19.9%
Q3 25
4.1%
Q2 25
13.9%
5.0%
Q1 25
5.2%
Q4 24
-0.6%
Q3 24
7.7%
Q2 24
13.9%
6.5%
EPS (diluted)
GDEV
GDEV
IRT
IRT
Q1 26
$0.00
Q4 25
$0.14
Q3 25
$0.03
Q2 25
$0.90
$0.03
Q1 25
$0.04
Q4 24
$-0.01
Q3 24
$0.05
Q2 24
$0.81
$0.05

Balance Sheet & Financial Strength

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

Metric
GDEV
GDEV
IRT
IRT
Cash + ST InvestmentsLiquidity on hand
$41.6M
$23.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$-129.4M
$3.4B
Total Assets
$210.2M
$6.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GDEV
GDEV
IRT
IRT
Q1 26
$23.3M
Q4 25
$23.6M
Q3 25
$23.3M
Q2 25
$41.6M
$19.5M
Q1 25
$29.1M
Q4 24
$21.2M
Q3 24
$17.6M
Q2 24
$50.8M
$21.0M
Total Debt
GDEV
GDEV
IRT
IRT
Q1 26
Q4 25
$2.3B
Q3 25
$2.3B
Q2 25
$2.2B
Q1 25
$2.3B
Q4 24
$2.3B
Q3 24
$2.3B
Q2 24
$2.3B
Stockholders' Equity
GDEV
GDEV
IRT
IRT
Q1 26
$3.4B
Q4 25
$3.5B
Q3 25
$3.5B
Q2 25
$-129.4M
$3.4B
Q1 25
$3.5B
Q4 24
$3.4B
Q3 24
$3.4B
Q2 24
$-118.7M
$3.4B
Total Assets
GDEV
GDEV
IRT
IRT
Q1 26
$6.1B
Q4 25
$6.0B
Q3 25
$6.1B
Q2 25
$210.2M
$6.0B
Q1 25
$6.0B
Q4 24
$6.1B
Q3 24
$5.9B
Q2 24
$282.8M
$5.9B
Debt / Equity
GDEV
GDEV
IRT
IRT
Q1 26
Q4 25
0.66×
Q3 25
0.66×
Q2 25
0.66×
Q1 25
0.65×
Q4 24
0.68×
Q3 24
0.68×
Q2 24
0.66×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GDEV
GDEV

Segment breakdown not available.

IRT
IRT

Rental and other property revenue$165.2M100%
Other revenue$109.0K0%

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