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

TransMedics Group, Inc. is the larger business by last-quarter revenue ($160.8M vs $119.9M, roughly 1.3× GDEV Inc.). TransMedics Group, Inc. runs the higher net margin — 65.6% vs 13.9%, a 51.7% gap on every dollar of revenue. On growth, TransMedics Group, Inc. posted the faster year-over-year revenue change (32.2% 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...

TransMedics Group, Inc. develops and commercializes innovative medical technologies for organ transplantation. Its flagship Organ Care System keeps donor organs viable during transport, improving transplant outcomes for heart, lung, liver and kidney recipients. It serves transplant centers and organ procurement organizations across North America, Europe and Asia-Pacific.

GDEV vs TMDX — Head-to-Head

Bigger by revenue
TMDX
TMDX
1.3× larger
TMDX
$160.8M
$119.9M
GDEV
Growing faster (revenue YoY)
TMDX
TMDX
+18.9% gap
TMDX
32.2%
13.3%
GDEV
Higher net margin
TMDX
TMDX
51.7% more per $
TMDX
65.6%
13.9%
GDEV

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
GDEV
GDEV
TMDX
TMDX
Revenue
$119.9M
$160.8M
Net Profit
$16.6M
$105.4M
Gross Margin
58.1%
Operating Margin
15.5%
13.2%
Net Margin
13.9%
65.6%
Revenue YoY
13.3%
32.2%
Net Profit YoY
13.0%
1436.9%
EPS (diluted)
$0.90
$2.59

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
TMDX
TMDX
Q4 25
$160.8M
Q3 25
$143.8M
Q2 25
$119.9M
$157.4M
Q1 25
$143.5M
Q4 24
$121.6M
Q3 24
$108.8M
Q2 24
$105.8M
$114.3M
Q1 24
$96.8M
Net Profit
GDEV
GDEV
TMDX
TMDX
Q4 25
$105.4M
Q3 25
$24.3M
Q2 25
$16.6M
$34.9M
Q1 25
$25.7M
Q4 24
$6.9M
Q3 24
$4.2M
Q2 24
$14.7M
$12.2M
Q1 24
$12.2M
Gross Margin
GDEV
GDEV
TMDX
TMDX
Q4 25
58.1%
Q3 25
58.8%
Q2 25
61.4%
Q1 25
61.5%
Q4 24
59.2%
Q3 24
55.9%
Q2 24
60.6%
Q1 24
61.9%
Operating Margin
GDEV
GDEV
TMDX
TMDX
Q4 25
13.2%
Q3 25
16.2%
Q2 25
15.5%
23.2%
Q1 25
19.1%
Q4 24
7.1%
Q3 24
3.6%
Q2 24
14.4%
10.9%
Q1 24
12.8%
Net Margin
GDEV
GDEV
TMDX
TMDX
Q4 25
65.6%
Q3 25
16.9%
Q2 25
13.9%
22.2%
Q1 25
17.9%
Q4 24
5.6%
Q3 24
3.9%
Q2 24
13.9%
10.7%
Q1 24
12.6%
EPS (diluted)
GDEV
GDEV
TMDX
TMDX
Q4 25
$2.59
Q3 25
$0.66
Q2 25
$0.90
$0.92
Q1 25
$0.70
Q4 24
$0.19
Q3 24
$0.12
Q2 24
$0.81
$0.35
Q1 24
$0.35

Balance Sheet & Financial Strength

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

Metric
GDEV
GDEV
TMDX
TMDX
Cash + ST InvestmentsLiquidity on hand
$41.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$-129.4M
$473.1M
Total Assets
$210.2M
$1.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GDEV
GDEV
TMDX
TMDX
Q4 25
Q3 25
Q2 25
$41.6M
Q1 25
Q4 24
Q3 24
$330.1M
Q2 24
$50.8M
$362.8M
Q1 24
$350.2M
Stockholders' Equity
GDEV
GDEV
TMDX
TMDX
Q4 25
$473.1M
Q3 25
$355.2M
Q2 25
$-129.4M
$318.1M
Q1 25
$266.3M
Q4 24
$228.6M
Q3 24
$209.9M
Q2 24
$-118.7M
$189.9M
Q1 24
$159.5M
Total Assets
GDEV
GDEV
TMDX
TMDX
Q4 25
$1.1B
Q3 25
$946.0M
Q2 25
$210.2M
$890.5M
Q1 25
$837.5M
Q4 24
$804.1M
Q3 24
$785.6M
Q2 24
$282.8M
$758.6M
Q1 24
$723.8M

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
TMDX
TMDX
Operating Cash FlowLast quarter
$34.5M
Free Cash FlowOCF − Capex
$19.0M
FCF MarginFCF / Revenue
11.8%
Capex IntensityCapex / Revenue
9.7%
Cash ConversionOCF / Net Profit
0.33×
TTM Free Cash FlowTrailing 4 quarters
$133.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GDEV
GDEV
TMDX
TMDX
Q4 25
$34.5M
Q3 25
$69.6M
Q2 25
$91.6M
Q1 25
$-2.9M
Q4 24
$19.7M
Q3 24
$6.9M
Q2 24
$25.7M
Q1 24
$-3.4M
Free Cash Flow
GDEV
GDEV
TMDX
TMDX
Q4 25
$19.0M
Q3 25
$61.9M
Q2 25
$82.5M
Q1 25
$-29.9M
Q4 24
$6.1M
Q3 24
$-41.3M
Q2 24
$2.0M
Q1 24
$-47.6M
FCF Margin
GDEV
GDEV
TMDX
TMDX
Q4 25
11.8%
Q3 25
43.1%
Q2 25
52.4%
Q1 25
-20.8%
Q4 24
5.0%
Q3 24
-38.0%
Q2 24
1.7%
Q1 24
-49.2%
Capex Intensity
GDEV
GDEV
TMDX
TMDX
Q4 25
9.7%
Q3 25
5.3%
Q2 25
5.8%
Q1 25
18.8%
Q4 24
11.2%
Q3 24
44.3%
Q2 24
20.8%
Q1 24
45.6%
Cash Conversion
GDEV
GDEV
TMDX
TMDX
Q4 25
0.33×
Q3 25
2.86×
Q2 25
2.62×
Q1 25
-0.11×
Q4 24
2.87×
Q3 24
1.63×
Q2 24
2.11×
Q1 24
-0.28×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GDEV
GDEV

Segment breakdown not available.

TMDX
TMDX

Liver Product$127.0M79%
Heart Product$26.0M16%
Other$5.9M4%
Lung Product$1.9M1%

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