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Side-by-side financial comparison of GDEV Inc. (GDEV) and Midland States Bancorp, Inc. (MSBI). Click either name above to swap in a different company.
GDEV Inc. is the larger business by last-quarter revenue ($119.9M vs $79.5M, roughly 1.5× Midland States Bancorp, Inc.). Midland States Bancorp, Inc. runs the higher net margin — 23.2% vs 13.9%, a 9.3% gap on every dollar of revenue.
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...
Rainier Bancorporation was the Seattle-based parent corporation of Rainier National Bank, a Washington state bank with branches throughout the state. Rainier traced its roots back to the National Bank of Commerce, which was founded by Richard Holyoke in 1889. The name Rainier National Bank was adopted in 1974. Rainier Bancorp expanded into Alaska with the purchase of Anchorage's People's Bank & Trust in 1983 and into Oregon with the purchase of Gresham's Mount Hood Security Bank in 1986, expa...
GDEV vs MSBI — Head-to-Head
Income Statement — Q2 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $119.9M | $79.5M |
| Net Profit | $16.6M | $18.5M |
| Gross Margin | — | — |
| Operating Margin | 15.5% | — |
| Net Margin | 13.9% | 23.2% |
| Revenue YoY | 13.3% | — |
| Net Profit YoY | 13.0% | 739.3% |
| EPS (diluted) | $0.90 | $0.74 |
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.
| Q1 26 | — | $79.5M | ||
| Q4 25 | — | $85.6M | ||
| Q3 25 | — | $81.1M | ||
| Q2 25 | $119.9M | $82.2M | ||
| Q1 25 | — | $76.1M | ||
| Q4 24 | — | $93.9M | ||
| Q3 24 | — | $92.7M | ||
| Q2 24 | $105.8M | $90.9M |
| Q1 26 | — | $18.5M | ||
| Q4 25 | — | $-2.9M | ||
| Q3 25 | — | $7.6M | ||
| Q2 25 | $16.6M | $12.0M | ||
| Q1 25 | — | $-141.0M | ||
| Q4 24 | — | $-30.8M | ||
| Q3 24 | — | $20.4M | ||
| Q2 24 | $14.7M | $25.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | -5.5% | ||
| Q3 25 | — | 13.9% | ||
| Q2 25 | 15.5% | 18.1% | ||
| Q1 25 | — | -181.2% | ||
| Q4 24 | — | -66.5% | ||
| Q3 24 | — | 26.9% | ||
| Q2 24 | 14.4% | 35.0% |
| Q1 26 | — | 23.2% | ||
| Q4 25 | — | -4.9% | ||
| Q3 25 | — | 9.3% | ||
| Q2 25 | 13.9% | 14.6% | ||
| Q1 25 | — | -185.4% | ||
| Q4 24 | — | -52.5% | ||
| Q3 24 | — | 22.1% | ||
| Q2 24 | 13.9% | 28.3% |
| Q1 26 | — | $0.74 | ||
| Q4 25 | — | $-0.22 | ||
| Q3 25 | — | $0.24 | ||
| Q2 25 | $0.90 | $0.44 | ||
| Q1 25 | — | $-6.58 | ||
| Q4 24 | — | $-1.49 | ||
| Q3 24 | — | $0.83 | ||
| Q2 24 | $0.81 | $1.06 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $41.6M | $89.4M |
| Total DebtLower is stronger | — | $33.2M |
| Stockholders' EquityBook value | $-129.4M | $569.5M |
| Total Assets | $210.2M | $6.5B |
| Debt / EquityLower = less leverage | — | 0.06× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $89.4M | ||
| Q4 25 | — | $127.8M | ||
| Q3 25 | — | $166.1M | ||
| Q2 25 | $41.6M | $176.6M | ||
| Q1 25 | — | $102.0M | ||
| Q4 24 | — | $114.8M | ||
| Q3 24 | — | $121.9M | ||
| Q2 24 | $50.8M | $124.6M |
| Q1 26 | — | $33.2M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $569.5M | ||
| Q4 25 | — | $565.5M | ||
| Q3 25 | — | $584.0M | ||
| Q2 25 | $-129.4M | $573.7M | ||
| Q1 25 | — | $571.4M | ||
| Q4 24 | — | $710.8M | ||
| Q3 24 | — | $771.2M | ||
| Q2 24 | $-118.7M | $736.8M |
| Q1 26 | — | $6.5B | ||
| Q4 25 | — | $6.5B | ||
| Q3 25 | — | $6.9B | ||
| Q2 25 | $210.2M | $7.1B | ||
| Q1 25 | — | $7.3B | ||
| Q4 24 | — | $7.5B | ||
| Q3 24 | — | $7.7B | ||
| Q2 24 | $282.8M | $7.7B |
| Q1 26 | — | 0.06× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GDEV
Segment breakdown not available.
MSBI
| Net Interest Income | $57.4M | 72% |
| Noninterest Income | $22.1M | 28% |
