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Side-by-side financial comparison of GDEV Inc. (GDEV) and RIGEL PHARMACEUTICALS INC (RIGL). Click either name above to swap in a different company.

GDEV Inc. is the larger business by last-quarter revenue ($119.9M vs $69.8M, roughly 1.7× RIGEL PHARMACEUTICALS INC). RIGEL PHARMACEUTICALS INC runs the higher net margin — 384.0% vs 13.9%, a 370.2% gap on every dollar of revenue. On growth, RIGEL PHARMACEUTICALS INC posted the faster year-over-year revenue change (21.2% 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...

Rigel Pharmaceuticals Inc is a clinical-stage biotechnology company focused on developing and commercializing targeted small molecule therapies for autoimmune, inflammatory, and hematologic diseases. Its approved flagship product treats adult immune thrombocytopenia, with primary operations and core markets in the United States, addressing unmet medical needs for underserved patient groups.

GDEV vs RIGL — Head-to-Head

Bigger by revenue
GDEV
GDEV
1.7× larger
GDEV
$119.9M
$69.8M
RIGL
Growing faster (revenue YoY)
RIGL
RIGL
+7.9% gap
RIGL
21.2%
13.3%
GDEV
Higher net margin
RIGL
RIGL
370.2% more per $
RIGL
384.0%
13.9%
GDEV

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
GDEV
GDEV
RIGL
RIGL
Revenue
$119.9M
$69.8M
Net Profit
$16.6M
$268.1M
Gross Margin
91.5%
Operating Margin
15.5%
33.2%
Net Margin
13.9%
384.0%
Revenue YoY
13.3%
21.2%
Net Profit YoY
13.0%
1769.2%
EPS (diluted)
$0.90
$14.11

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
RIGL
RIGL
Q4 25
$69.8M
Q3 25
$69.5M
Q2 25
$119.9M
$101.7M
Q1 25
$53.3M
Q4 24
$57.6M
Q3 24
$55.3M
Q2 24
$105.8M
$36.8M
Q1 24
$29.5M
Net Profit
GDEV
GDEV
RIGL
RIGL
Q4 25
$268.1M
Q3 25
$27.9M
Q2 25
$16.6M
$59.6M
Q1 25
$11.4M
Q4 24
$14.3M
Q3 24
$12.4M
Q2 24
$14.7M
$-1.0M
Q1 24
$-8.2M
Gross Margin
GDEV
GDEV
RIGL
RIGL
Q4 25
91.5%
Q3 25
93.2%
Q2 25
95.6%
Q1 25
91.7%
Q4 24
89.9%
Q3 24
85.5%
Q2 24
92.4%
Q1 24
93.1%
Operating Margin
GDEV
GDEV
RIGL
RIGL
Q4 25
33.2%
Q3 25
40.9%
Q2 25
15.5%
60.1%
Q1 25
23.9%
Q4 24
28.9%
Q3 24
25.4%
Q2 24
14.4%
1.2%
Q1 24
-23.6%
Net Margin
GDEV
GDEV
RIGL
RIGL
Q4 25
384.0%
Q3 25
40.2%
Q2 25
13.9%
58.6%
Q1 25
21.5%
Q4 24
24.9%
Q3 24
22.5%
Q2 24
13.9%
-2.8%
Q1 24
-27.9%
EPS (diluted)
GDEV
GDEV
RIGL
RIGL
Q4 25
$14.11
Q3 25
$1.46
Q2 25
$0.90
$3.28
Q1 25
$0.63
Q4 24
$0.82
Q3 24
$0.70
Q2 24
$0.81
$-0.06
Q1 24
$-0.47

Balance Sheet & Financial Strength

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

Metric
GDEV
GDEV
RIGL
RIGL
Cash + ST InvestmentsLiquidity on hand
$41.6M
$155.0M
Total DebtLower is stronger
$52.5M
Stockholders' EquityBook value
$-129.4M
$391.5M
Total Assets
$210.2M
$513.6M
Debt / EquityLower = less leverage
0.13×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GDEV
GDEV
RIGL
RIGL
Q4 25
$155.0M
Q3 25
$137.1M
Q2 25
$41.6M
$108.4M
Q1 25
$77.1M
Q4 24
$77.3M
Q3 24
$61.1M
Q2 24
$50.8M
$49.1M
Q1 24
$49.5M
Total Debt
GDEV
GDEV
RIGL
RIGL
Q4 25
$52.5M
Q3 25
$60.0M
Q2 25
$60.0M
Q1 25
$60.0M
Q4 24
$60.0M
Q3 24
$60.0M
Q2 24
$60.0M
Q1 24
$60.0M
Stockholders' Equity
GDEV
GDEV
RIGL
RIGL
Q4 25
$391.5M
Q3 25
$117.6M
Q2 25
$-129.4M
$81.9M
Q1 25
$18.6M
Q4 24
$3.3M
Q3 24
$-14.6M
Q2 24
$-118.7M
$-29.9M
Q1 24
$-31.7M
Total Assets
GDEV
GDEV
RIGL
RIGL
Q4 25
$513.6M
Q3 25
$242.5M
Q2 25
$210.2M
$206.7M
Q1 25
$176.0M
Q4 24
$164.0M
Q3 24
$139.4M
Q2 24
$282.8M
$128.4M
Q1 24
$126.5M
Debt / Equity
GDEV
GDEV
RIGL
RIGL
Q4 25
0.13×
Q3 25
0.51×
Q2 25
0.73×
Q1 25
3.23×
Q4 24
18.25×
Q3 24
Q2 24
Q1 24

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
RIGL
RIGL
Operating Cash FlowLast quarter
$22.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.08×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GDEV
GDEV
RIGL
RIGL
Q4 25
$22.0M
Q3 25
$24.0M
Q2 25
$30.5M
Q1 25
$-893.0K
Q4 24
$14.5M
Q3 24
$21.7M
Q2 24
$302.0K
Q1 24
$-5.0M
Cash Conversion
GDEV
GDEV
RIGL
RIGL
Q4 25
0.08×
Q3 25
0.86×
Q2 25
0.51×
Q1 25
-0.08×
Q4 24
1.01×
Q3 24
1.75×
Q2 24
Q1 24

Financial Flow Comparison

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

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