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

GDEV Inc. is the larger business by last-quarter revenue ($119.9M vs $63.0M, roughly 1.9× Talkspace, Inc.). GDEV Inc. runs the higher net margin — 13.9% vs 7.6%, a 6.3% gap on every dollar of revenue. On growth, Talkspace, Inc. posted the faster year-over-year revenue change (29.3% 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...

Talkspace, Inc. is an American company that provides online and mobile therapy services. Founded in 2012 by Oren and Roni Frank, Talkspace connects users with licensed therapists and psychiatrists through web and mobile platforms. The service offers communication through text, audio, and video messaging, as well as live video sessions in some cases. The company is headquartered in New York City.

GDEV vs TALK — Head-to-Head

Bigger by revenue
GDEV
GDEV
1.9× larger
GDEV
$119.9M
$63.0M
TALK
Growing faster (revenue YoY)
TALK
TALK
+16.0% gap
TALK
29.3%
13.3%
GDEV
Higher net margin
GDEV
GDEV
6.3% more per $
GDEV
13.9%
7.6%
TALK

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
GDEV
GDEV
TALK
TALK
Revenue
$119.9M
$63.0M
Net Profit
$16.6M
$4.8M
Gross Margin
Operating Margin
15.5%
6.1%
Net Margin
13.9%
7.6%
Revenue YoY
13.3%
29.3%
Net Profit YoY
13.0%
292.5%
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
TALK
TALK
Q4 25
$63.0M
Q3 25
$59.4M
Q2 25
$119.9M
$54.3M
Q1 25
$52.2M
Q4 24
$48.7M
Q3 24
$47.4M
Q2 24
$105.8M
$46.1M
Q1 24
$45.4M
Net Profit
GDEV
GDEV
TALK
TALK
Q4 25
$4.8M
Q3 25
$3.3M
Q2 25
$16.6M
$-541.0K
Q1 25
$318.0K
Q4 24
$1.2M
Q3 24
$1.9M
Q2 24
$14.7M
$-474.0K
Q1 24
$-1.5M
Gross Margin
GDEV
GDEV
TALK
TALK
Q4 25
Q3 25
Q2 25
Q1 25
44.6%
Q4 24
44.2%
Q3 24
45.6%
Q2 24
45.5%
Q1 24
47.8%
Operating Margin
GDEV
GDEV
TALK
TALK
Q4 25
6.1%
Q3 25
3.7%
Q2 25
15.5%
-3.3%
Q1 25
-2.1%
Q4 24
1.2%
Q3 24
0.2%
Q2 24
14.4%
-7.6%
Q1 24
-3.7%
Net Margin
GDEV
GDEV
TALK
TALK
Q4 25
7.6%
Q3 25
5.5%
Q2 25
13.9%
-1.0%
Q1 25
0.6%
Q4 24
2.5%
Q3 24
4.0%
Q2 24
13.9%
-1.0%
Q1 24
-3.2%
EPS (diluted)
GDEV
GDEV
TALK
TALK
Q4 25
Q3 25
$0.02
Q2 25
$0.90
Q1 25
$0.00
Q4 24
$0.01
Q3 24
$0.01
Q2 24
$0.81
$0.00
Q1 24
$-0.01

Balance Sheet & Financial Strength

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

Metric
GDEV
GDEV
TALK
TALK
Cash + ST InvestmentsLiquidity on hand
$41.6M
$37.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$-129.4M
$117.0M
Total Assets
$210.2M
$134.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GDEV
GDEV
TALK
TALK
Q4 25
$37.4M
Q3 25
$39.5M
Q2 25
$41.6M
$54.3M
Q1 25
$60.1M
Q4 24
$76.7M
Q3 24
$119.0M
Q2 24
$50.8M
$114.9M
Q1 24
$120.3M
Stockholders' Equity
GDEV
GDEV
TALK
TALK
Q4 25
$117.0M
Q3 25
$109.1M
Q2 25
$-129.4M
$112.9M
Q1 25
$113.4M
Q4 24
$117.4M
Q3 24
$117.6M
Q2 24
$-118.7M
$114.0M
Q1 24
$119.6M
Total Assets
GDEV
GDEV
TALK
TALK
Q4 25
$134.9M
Q3 25
$129.1M
Q2 25
$210.2M
$132.8M
Q1 25
$134.2M
Q4 24
$138.7M
Q3 24
$138.2M
Q2 24
$282.8M
$133.8M
Q1 24
$138.3M

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
TALK
TALK
Operating Cash FlowLast quarter
$5.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.13×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GDEV
GDEV
TALK
TALK
Q4 25
$5.4M
Q3 25
$4.7M
Q2 25
$-351.0K
Q1 25
$-1.2M
Q4 24
$3.7M
Q3 24
$6.2M
Q2 24
$4.8M
Q1 24
$-3.4M
Free Cash Flow
GDEV
GDEV
TALK
TALK
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$4.5M
Q1 24
$-3.8M
FCF Margin
GDEV
GDEV
TALK
TALK
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
9.7%
Q1 24
-8.3%
Capex Intensity
GDEV
GDEV
TALK
TALK
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
0.7%
Q1 24
0.8%
Cash Conversion
GDEV
GDEV
TALK
TALK
Q4 25
1.13×
Q3 25
1.46×
Q2 25
Q1 25
-3.90×
Q4 24
3.02×
Q3 24
3.31×
Q2 24
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.

TALK
TALK

Payor Revenue$47.7M76%
Dte Revenue$11.6M18%
Consumer$3.7M6%

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