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Side-by-side financial comparison of GDEV Inc. (GDEV) and Ranger Energy Services, Inc. (RNGR). Click either name above to swap in a different company.

Ranger Energy Services, Inc. is the larger business by last-quarter revenue ($142.2M vs $119.9M, roughly 1.2× GDEV Inc.). GDEV Inc. runs the higher net margin — 13.9% vs 2.3%, a 11.6% gap on every dollar of revenue. On growth, GDEV Inc. posted the faster year-over-year revenue change (13.3% vs -0.6%).

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...

Ranger Energy Services, Inc. is a leading North American onshore oilfield services provider. It offers a full suite of well completion, workover, rig operations, and production enhancement solutions for upstream oil and gas operators, primarily serving active unconventional shale and tight resource basins across the continental United States.

GDEV vs RNGR — Head-to-Head

Bigger by revenue
RNGR
RNGR
1.2× larger
RNGR
$142.2M
$119.9M
GDEV
Growing faster (revenue YoY)
GDEV
GDEV
+13.9% gap
GDEV
13.3%
-0.6%
RNGR
Higher net margin
GDEV
GDEV
11.6% more per $
GDEV
13.9%
2.3%
RNGR

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
GDEV
GDEV
RNGR
RNGR
Revenue
$119.9M
$142.2M
Net Profit
$16.6M
$3.2M
Gross Margin
Operating Margin
15.5%
2.3%
Net Margin
13.9%
2.3%
Revenue YoY
13.3%
-0.6%
Net Profit YoY
13.0%
-44.8%
EPS (diluted)
$0.90
$0.14

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
RNGR
RNGR
Q4 25
$142.2M
Q3 25
$128.9M
Q2 25
$119.9M
$140.6M
Q1 25
$135.2M
Q4 24
$143.1M
Q3 24
$153.0M
Q2 24
$105.8M
$138.1M
Q1 24
$136.9M
Net Profit
GDEV
GDEV
RNGR
RNGR
Q4 25
$3.2M
Q3 25
$1.2M
Q2 25
$16.6M
$7.3M
Q1 25
$600.0K
Q4 24
$5.8M
Q3 24
$8.7M
Q2 24
$14.7M
$4.7M
Q1 24
$-800.0K
Operating Margin
GDEV
GDEV
RNGR
RNGR
Q4 25
2.3%
Q3 25
2.0%
Q2 25
15.5%
6.1%
Q1 25
0.7%
Q4 24
6.2%
Q3 24
8.4%
Q2 24
14.4%
5.3%
Q1 24
-0.4%
Net Margin
GDEV
GDEV
RNGR
RNGR
Q4 25
2.3%
Q3 25
0.9%
Q2 25
13.9%
5.2%
Q1 25
0.4%
Q4 24
4.1%
Q3 24
5.7%
Q2 24
13.9%
3.4%
Q1 24
-0.6%
EPS (diluted)
GDEV
GDEV
RNGR
RNGR
Q4 25
$0.14
Q3 25
$0.05
Q2 25
$0.90
$0.32
Q1 25
$0.03
Q4 24
$0.24
Q3 24
$0.39
Q2 24
$0.81
$0.21
Q1 24
$-0.03

Balance Sheet & Financial Strength

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

Metric
GDEV
GDEV
RNGR
RNGR
Cash + ST InvestmentsLiquidity on hand
$41.6M
$10.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$-129.4M
$300.1M
Total Assets
$210.2M
$419.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GDEV
GDEV
RNGR
RNGR
Q4 25
$10.3M
Q3 25
$45.2M
Q2 25
$41.6M
$48.9M
Q1 25
$40.3M
Q4 24
$40.9M
Q3 24
$14.8M
Q2 24
$50.8M
$8.7M
Q1 24
$11.1M
Total Debt
GDEV
GDEV
RNGR
RNGR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$0
Q3 24
$0
Q2 24
$0
Q1 24
$0
Stockholders' Equity
GDEV
GDEV
RNGR
RNGR
Q4 25
$300.1M
Q3 25
$270.0M
Q2 25
$-129.4M
$276.9M
Q1 25
$272.6M
Q4 24
$273.8M
Q3 24
$267.6M
Q2 24
$-118.7M
$260.5M
Q1 24
$261.7M
Total Assets
GDEV
GDEV
RNGR
RNGR
Q4 25
$419.3M
Q3 25
$372.8M
Q2 25
$210.2M
$381.7M
Q1 25
$376.5M
Q4 24
$381.6M
Q3 24
$373.9M
Q2 24
$282.8M
$359.6M
Q1 24
$355.5M
Debt / Equity
GDEV
GDEV
RNGR
RNGR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.00×
Q3 24
0.00×
Q2 24
0.00×
Q1 24
0.00×

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
RNGR
RNGR
Operating Cash FlowLast quarter
$24.1M
Free Cash FlowOCF − Capex
$17.1M
FCF MarginFCF / Revenue
12.0%
Capex IntensityCapex / Revenue
4.9%
Cash ConversionOCF / Net Profit
7.53×
TTM Free Cash FlowTrailing 4 quarters
$42.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GDEV
GDEV
RNGR
RNGR
Q4 25
$24.1M
Q3 25
$13.6M
Q2 25
$20.7M
Q1 25
$10.6M
Q4 24
$32.7M
Q3 24
$17.7M
Q2 24
$22.1M
Q1 24
$12.0M
Free Cash Flow
GDEV
GDEV
RNGR
RNGR
Q4 25
$17.1M
Q3 25
$8.0M
Q2 25
$14.4M
Q1 25
$3.4M
Q4 24
$27.3M
Q3 24
$10.8M
Q2 24
$6.8M
Q1 24
$5.5M
FCF Margin
GDEV
GDEV
RNGR
RNGR
Q4 25
12.0%
Q3 25
6.2%
Q2 25
10.2%
Q1 25
2.5%
Q4 24
19.1%
Q3 24
7.1%
Q2 24
4.9%
Q1 24
4.0%
Capex Intensity
GDEV
GDEV
RNGR
RNGR
Q4 25
4.9%
Q3 25
4.3%
Q2 25
4.5%
Q1 25
5.3%
Q4 24
3.8%
Q3 24
4.5%
Q2 24
11.1%
Q1 24
4.7%
Cash Conversion
GDEV
GDEV
RNGR
RNGR
Q4 25
7.53×
Q3 25
11.33×
Q2 25
2.84×
Q1 25
17.67×
Q4 24
5.64×
Q3 24
2.03×
Q2 24
4.70×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

GDEV
GDEV

Segment breakdown not available.

RNGR
RNGR

High Specification Rigs$92.3M65%
Processing Solutions And Ancillary Services$37.5M26%
Wireline Services$12.4M9%

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