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Side-by-side financial comparison of GDEV Inc. (GDEV) and Orion Group Holdings Inc (ORN). Click either name above to swap in a different company.

Orion Group Holdings Inc is the larger business by last-quarter revenue ($216.3M vs $119.9M, roughly 1.8× GDEV Inc.). GDEV Inc. runs the higher net margin — 13.9% vs 2.2%, a 11.7% gap on every dollar of revenue. On growth, Orion Group Holdings Inc posted the faster year-over-year revenue change (14.6% vs 13.3%).

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...

Orion Corporation, founded in 1917 and headquartered at Espoo, Finland, is a globally operating Finnish company which develops, manufactures and markets human and veterinary pharmaceuticals and active pharmaceutical ingredients for global markets. All of the company's manufacturing sites and the majority of its R&D units are in Finland.

GDEV vs ORN — Head-to-Head

Bigger by revenue
ORN
ORN
1.8× larger
ORN
$216.3M
$119.9M
GDEV
Growing faster (revenue YoY)
ORN
ORN
+1.3% gap
ORN
14.6%
13.3%
GDEV
Higher net margin
GDEV
GDEV
11.7% more per $
GDEV
13.9%
2.2%
ORN

Income Statement — Q2 FY2025 vs Q1 FY2026

Metric
GDEV
GDEV
ORN
ORN
Revenue
$119.9M
$216.3M
Net Profit
$16.6M
$4.7M
Gross Margin
12.0%
Operating Margin
15.5%
Net Margin
13.9%
2.2%
Revenue YoY
13.3%
14.6%
Net Profit YoY
13.0%
435.7%
EPS (diluted)
$0.90
$0.12

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
ORN
ORN
Q1 26
$216.3M
Q4 25
$233.2M
Q3 25
$225.1M
Q2 25
$119.9M
$205.3M
Q1 25
$188.7M
Q4 24
$216.9M
Q3 24
$226.7M
Q2 24
$105.8M
$192.2M
Net Profit
GDEV
GDEV
ORN
ORN
Q1 26
$4.7M
Q4 25
$-240.0K
Q3 25
$3.3M
Q2 25
$16.6M
$841.0K
Q1 25
$-1.4M
Q4 24
$6.8M
Q3 24
$4.3M
Q2 24
$14.7M
$-6.6M
Gross Margin
GDEV
GDEV
ORN
ORN
Q1 26
12.0%
Q4 25
11.6%
Q3 25
13.2%
Q2 25
12.6%
Q1 25
12.2%
Q4 24
14.0%
Q3 24
11.9%
Q2 24
9.5%
Operating Margin
GDEV
GDEV
ORN
ORN
Q1 26
Q4 25
2.2%
Q3 25
2.4%
Q2 25
15.5%
1.7%
Q1 25
0.4%
Q4 24
4.4%
Q3 24
3.4%
Q2 24
14.4%
-1.4%
Net Margin
GDEV
GDEV
ORN
ORN
Q1 26
2.2%
Q4 25
-0.1%
Q3 25
1.5%
Q2 25
13.9%
0.4%
Q1 25
-0.7%
Q4 24
3.1%
Q3 24
1.9%
Q2 24
13.9%
-3.4%
EPS (diluted)
GDEV
GDEV
ORN
ORN
Q1 26
$0.12
Q4 25
$-0.00
Q3 25
$0.08
Q2 25
$0.90
$0.02
Q1 25
$-0.04
Q4 24
$0.22
Q3 24
$0.12
Q2 24
$0.81
$-0.20

Balance Sheet & Financial Strength

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

Metric
GDEV
GDEV
ORN
ORN
Cash + ST InvestmentsLiquidity on hand
$41.6M
$6.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$-129.4M
$166.7M
Total Assets
$210.2M
$478.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GDEV
GDEV
ORN
ORN
Q1 26
$6.3M
Q4 25
$1.6M
Q3 25
$4.9M
Q2 25
$41.6M
$1.7M
Q1 25
$13.0M
Q4 24
$28.3M
Q3 24
$28.3M
Q2 24
$50.8M
$4.8M
Total Debt
GDEV
GDEV
ORN
ORN
Q1 26
Q4 25
Q3 25
Q2 25
$33.4M
Q1 25
$23.3M
Q4 24
$23.2M
Q3 24
$28.0M
Q2 24
$60.3M
Stockholders' Equity
GDEV
GDEV
ORN
ORN
Q1 26
$166.7M
Q4 25
$159.0M
Q3 25
$157.9M
Q2 25
$-129.4M
$153.2M
Q1 25
$150.8M
Q4 24
$150.7M
Q3 24
$142.4M
Q2 24
$-118.7M
$111.1M
Total Assets
GDEV
GDEV
ORN
ORN
Q1 26
$478.7M
Q4 25
$414.7M
Q3 25
$422.4M
Q2 25
$210.2M
$432.7M
Q1 25
$416.3M
Q4 24
$417.3M
Q3 24
$430.3M
Q2 24
$282.8M
$414.0M
Debt / Equity
GDEV
GDEV
ORN
ORN
Q1 26
Q4 25
Q3 25
Q2 25
0.22×
Q1 25
0.15×
Q4 24
0.15×
Q3 24
0.20×
Q2 24
0.54×

Financial Flow Comparison

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

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