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

OFG BANCORP is the larger business by last-quarter revenue ($184.3M vs $119.9M, roughly 1.5× GDEV Inc.). OFG BANCORP runs the higher net margin — 30.3% vs 13.9%, a 16.5% gap on every dollar of revenue. On growth, GDEV Inc. posted the faster year-over-year revenue change (13.3% vs 0.9%).

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...

OFG Bancorp, founded in 1964, is the financial holding company for Oriental Bank, located in San Juan, Puerto Rico. OFG offers a wide range of retail and commercial banking, lending and wealth management products, services and technology, primarily in Puerto Rico and the U.S. Virgin Islands through its principal subsidiaries: Oriental Bank, Oriental Financial Services LLC, and Oriental Insurance LLC. Its headquarters are located at Oriental Center, 254 Muñoz Rivera Avenue, San Juan, PR 00918....

GDEV vs OFG — Head-to-Head

Bigger by revenue
OFG
OFG
1.5× larger
OFG
$184.3M
$119.9M
GDEV
Growing faster (revenue YoY)
GDEV
GDEV
+12.4% gap
GDEV
13.3%
0.9%
OFG
Higher net margin
OFG
OFG
16.5% more per $
OFG
30.3%
13.9%
GDEV

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
GDEV
GDEV
OFG
OFG
Revenue
$119.9M
$184.3M
Net Profit
$16.6M
$55.9M
Gross Margin
Operating Margin
15.5%
25.7%
Net Margin
13.9%
30.3%
Revenue YoY
13.3%
0.9%
Net Profit YoY
13.0%
11.0%
EPS (diluted)
$0.90
$1.27

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
OFG
OFG
Q4 25
$184.3M
Q3 25
$186.2M
Q2 25
$119.9M
$182.4M
Q1 25
$178.6M
Q4 24
$182.7M
Q3 24
$174.7M
Q2 24
$105.8M
$179.8M
Q1 24
$174.4M
Net Profit
GDEV
GDEV
OFG
OFG
Q4 25
$55.9M
Q3 25
$51.8M
Q2 25
$16.6M
$51.8M
Q1 25
$45.6M
Q4 24
$50.3M
Q3 24
$47.0M
Q2 24
$14.7M
$51.1M
Q1 24
$49.7M
Operating Margin
GDEV
GDEV
OFG
OFG
Q4 25
25.7%
Q3 25
33.0%
Q2 25
15.5%
36.1%
Q1 25
33.3%
Q4 24
28.9%
Q3 24
35.4%
Q2 24
14.4%
39.6%
Q1 24
38.9%
Net Margin
GDEV
GDEV
OFG
OFG
Q4 25
30.3%
Q3 25
27.8%
Q2 25
13.9%
28.4%
Q1 25
25.5%
Q4 24
27.6%
Q3 24
26.9%
Q2 24
13.9%
28.4%
Q1 24
28.5%
EPS (diluted)
GDEV
GDEV
OFG
OFG
Q4 25
$1.27
Q3 25
$1.16
Q2 25
$0.90
$1.15
Q1 25
$1.00
Q4 24
$1.10
Q3 24
$1.00
Q2 24
$0.81
$1.08
Q1 24
$1.05

Balance Sheet & Financial Strength

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

Metric
GDEV
GDEV
OFG
OFG
Cash + ST InvestmentsLiquidity on hand
$41.6M
$1.0B
Total DebtLower is stronger
Stockholders' EquityBook value
$-129.4M
$1.4B
Total Assets
$210.2M
$12.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GDEV
GDEV
OFG
OFG
Q4 25
$1.0B
Q3 25
$740.3M
Q2 25
$41.6M
$851.8M
Q1 25
$710.6M
Q4 24
$591.1M
Q3 24
$680.6M
Q2 24
$50.8M
$740.4M
Q1 24
$754.4M
Stockholders' Equity
GDEV
GDEV
OFG
OFG
Q4 25
$1.4B
Q3 25
$1.4B
Q2 25
$-129.4M
$1.3B
Q1 25
$1.3B
Q4 24
$1.3B
Q3 24
$1.3B
Q2 24
$-118.7M
$1.2B
Q1 24
$1.2B
Total Assets
GDEV
GDEV
OFG
OFG
Q4 25
$12.5B
Q3 25
$12.2B
Q2 25
$210.2M
$12.2B
Q1 25
$11.7B
Q4 24
$11.5B
Q3 24
$11.5B
Q2 24
$282.8M
$11.3B
Q1 24
$11.2B

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
OFG
OFG
Operating Cash FlowLast quarter
$217.7M
Free Cash FlowOCF − Capex
$199.3M
FCF MarginFCF / Revenue
108.1%
Capex IntensityCapex / Revenue
10.0%
Cash ConversionOCF / Net Profit
3.90×
TTM Free Cash FlowTrailing 4 quarters
$345.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GDEV
GDEV
OFG
OFG
Q4 25
$217.7M
Q3 25
$39.5M
Q2 25
$35.9M
Q1 25
$83.1M
Q4 24
$252.5M
Q3 24
$58.1M
Q2 24
$95.1M
Q1 24
$61.0M
Free Cash Flow
GDEV
GDEV
OFG
OFG
Q4 25
$199.3M
Q3 25
$35.5M
Q2 25
$31.8M
Q1 25
$78.7M
Q4 24
$231.2M
Q3 24
$51.8M
Q2 24
$90.4M
Q1 24
$54.8M
FCF Margin
GDEV
GDEV
OFG
OFG
Q4 25
108.1%
Q3 25
19.1%
Q2 25
17.4%
Q1 25
44.1%
Q4 24
126.5%
Q3 24
29.6%
Q2 24
50.3%
Q1 24
31.4%
Capex Intensity
GDEV
GDEV
OFG
OFG
Q4 25
10.0%
Q3 25
2.1%
Q2 25
2.3%
Q1 25
2.4%
Q4 24
11.7%
Q3 24
3.6%
Q2 24
2.6%
Q1 24
3.5%
Cash Conversion
GDEV
GDEV
OFG
OFG
Q4 25
3.90×
Q3 25
0.76×
Q2 25
0.69×
Q1 25
1.82×
Q4 24
5.02×
Q3 24
1.24×
Q2 24
1.86×
Q1 24
1.23×

Financial Flow Comparison

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

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