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

GDEV Inc. is the larger business by last-quarter revenue ($119.9M vs $77.5M, roughly 1.5× SNDL Inc.).

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...

SNDL Inc. is a Canada-based consumer goods company focused primarily on the cannabis sector, offering a range of recreational and medical cannabis products, alongside craft beer, wine and spirit offerings. It operates across cultivation, product development, distribution and retail segments, serving both wholesale and retail customers mainly in the North American market.

GDEV vs SNDL — Head-to-Head

Bigger by revenue
GDEV
GDEV
1.5× larger
GDEV
$119.9M
$77.5M
SNDL

Income Statement — Q2 FY2025 vs Q1 FY2025

Metric
GDEV
GDEV
SNDL
SNDL
Revenue
$119.9M
$77.5M
Net Profit
$16.6M
Gross Margin
25.3%
Operating Margin
15.5%
6.7%
Net Margin
13.9%
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.

Revenue
GDEV
GDEV
SNDL
SNDL
Q2 25
$119.9M
Q1 25
$77.5M
Q2 24
$105.8M
Q1 24
$116.1M
Q2 23
$114.9M
Q1 23
$115.9M
Q2 22
$125.8M
Net Profit
GDEV
GDEV
SNDL
SNDL
Q2 25
$16.6M
Q1 25
Q2 24
$14.7M
Q1 24
Q2 23
$19.5M
Q1 23
Q2 22
$29.3M
Gross Margin
GDEV
GDEV
SNDL
SNDL
Q2 25
Q1 25
25.3%
Q2 24
Q1 24
24.8%
Q2 23
Q1 23
Q2 22
Operating Margin
GDEV
GDEV
SNDL
SNDL
Q2 25
15.5%
Q1 25
6.7%
Q2 24
14.4%
Q1 24
1.9%
Q2 23
12.9%
Q1 23
Q2 22
34.4%
Net Margin
GDEV
GDEV
SNDL
SNDL
Q2 25
13.9%
Q1 25
Q2 24
13.9%
Q1 24
Q2 23
17.0%
Q1 23
Q2 22
23.3%
EPS (diluted)
GDEV
GDEV
SNDL
SNDL
Q2 25
$0.90
Q1 25
Q2 24
$0.81
Q1 24
Q2 23
$0.99
Q1 23
Q2 22
$0.15

Balance Sheet & Financial Strength

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

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

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GDEV
GDEV
SNDL
SNDL
Q2 25
$41.6M
Q1 25
Q2 24
$50.8M
Q1 24
Q2 23
$68.6M
Q1 23
Q2 22
$91.4M
Stockholders' Equity
GDEV
GDEV
SNDL
SNDL
Q2 25
$-129.4M
Q1 25
Q2 24
$-118.7M
Q1 24
Q2 23
$-135.8M
Q1 23
Q2 22
$-105.2M
Total Assets
GDEV
GDEV
SNDL
SNDL
Q2 25
$210.2M
Q1 25
Q2 24
$282.8M
Q1 24
Q2 23
$302.2M
Q1 23
Q2 22
$373.3M

Financial Flow Comparison

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

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