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Side-by-side financial comparison of GDEV Inc. (GDEV) and RADWARE LTD (RDWR). Click either name above to swap in a different company.
GDEV Inc. is the larger business by last-quarter revenue ($119.9M vs $75.3M, roughly 1.6× RADWARE LTD). GDEV Inc. runs the higher net margin — 13.9% vs 7.5%, a 6.4% 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...
Radware Ltd. is an American provider of cybersecurity and application delivery products for physical, cloud and software-defined data centers. Radware's corporate headquarters are located in Mahwah, New Jersey. The company also has offices in Europe, Africa and Asia Pacific regions. The company's global headquarters is in Israel. Radware is a member of the Rad Group of companies and its shares are traded on NASDAQ.
GDEV vs RDWR — Head-to-Head
Income Statement — Q2 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $119.9M | $75.3M |
| Net Profit | $16.6M | $5.7M |
| Gross Margin | — | 80.7% |
| Operating Margin | 15.5% | 4.1% |
| Net Margin | 13.9% | 7.5% |
| Revenue YoY | 13.3% | — |
| Net Profit YoY | 13.0% | — |
| EPS (diluted) | $0.90 | — |
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.
| Q3 25 | — | $75.3M | ||
| Q2 25 | $119.9M | $74.2M | ||
| Q1 25 | — | $72.1M | ||
| Q3 24 | — | $69.5M | ||
| Q2 24 | $105.8M | $67.3M | ||
| Q1 24 | — | $65.1M | ||
| Q3 23 | — | $61.6M | ||
| Q2 23 | $114.9M | $65.6M |
| Q3 25 | — | $5.7M | ||
| Q2 25 | $16.6M | $4.2M | ||
| Q1 25 | — | $4.3M | ||
| Q3 24 | — | $3.1M | ||
| Q2 24 | $14.7M | $1.7M | ||
| Q1 24 | — | $-1.2M | ||
| Q3 23 | — | $-6.9M | ||
| Q2 23 | $19.5M | $-5.8M |
| Q3 25 | — | 80.7% | ||
| Q2 25 | — | 80.7% | ||
| Q1 25 | — | 80.6% | ||
| Q3 24 | — | 80.7% | ||
| Q2 24 | — | 80.6% | ||
| Q1 24 | — | 80.3% | ||
| Q3 23 | — | 79.2% | ||
| Q2 23 | — | 80.6% |
| Q3 25 | — | 4.1% | ||
| Q2 25 | 15.5% | 3.8% | ||
| Q1 25 | — | 2.2% | ||
| Q3 24 | — | -0.0% | ||
| Q2 24 | 14.4% | -1.8% | ||
| Q1 24 | — | -5.6% | ||
| Q3 23 | — | -16.5% | ||
| Q2 23 | 12.9% | -13.0% |
| Q3 25 | — | 7.5% | ||
| Q2 25 | 13.9% | 5.7% | ||
| Q1 25 | — | 6.0% | ||
| Q3 24 | — | 4.5% | ||
| Q2 24 | 13.9% | 2.5% | ||
| Q1 24 | — | -1.9% | ||
| Q3 23 | — | -11.1% | ||
| Q2 23 | 17.0% | -8.9% |
| Q3 25 | — | — | ||
| Q2 25 | $0.90 | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $0.81 | — | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | $0.99 | — |
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 | $98.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-129.4M | $357.1M |
| Total Assets | $210.2M | $618.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | — | $98.7M | ||
| Q2 25 | $41.6M | $98.7M | ||
| Q1 25 | — | $98.7M | ||
| Q3 24 | — | $70.5M | ||
| Q2 24 | $50.8M | $70.5M | ||
| Q1 24 | — | $70.5M | ||
| Q3 23 | — | $46.2M | ||
| Q2 23 | $68.6M | $46.2M |
| Q3 25 | — | $357.1M | ||
| Q2 25 | $-129.4M | $357.1M | ||
| Q1 25 | — | $357.1M | ||
| Q3 24 | — | $323.3M | ||
| Q2 24 | $-118.7M | $323.3M | ||
| Q1 24 | — | $323.3M | ||
| Q3 23 | — | $368.4M | ||
| Q2 23 | $-135.8M | $368.4M |
| Q3 25 | — | $618.7M | ||
| Q2 25 | $210.2M | $618.7M | ||
| Q1 25 | — | $618.7M | ||
| Q3 24 | — | $571.9M | ||
| Q2 24 | $282.8M | $571.9M | ||
| Q1 24 | — | $571.9M | ||
| Q3 23 | — | $643.6M | ||
| Q2 23 | $302.2M | $643.6M |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
