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

Urban Edge Properties is the larger business by last-quarter revenue ($132.6M vs $119.9M, roughly 1.1× GDEV Inc.). Urban Edge Properties runs the higher net margin — 17.1% vs 13.9%, a 3.2% gap on every dollar of revenue. On growth, GDEV Inc. posted the faster year-over-year revenue change (13.3% vs 12.2%).

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...

Urban Edge Properties is a publicly traded real estate investment trust (REIT) that owns, operates, and develops high-quality retail and mixed-use properties, primarily located in densely populated urban and suburban markets across the United States. Its portfolio covers grocery-anchored shopping centers, lifestyle outlets, and community-focused commercial assets.

GDEV vs UE — Head-to-Head

Bigger by revenue
UE
UE
1.1× larger
UE
$132.6M
$119.9M
GDEV
Growing faster (revenue YoY)
GDEV
GDEV
+1.1% gap
GDEV
13.3%
12.2%
UE
Higher net margin
UE
UE
3.2% more per $
UE
17.1%
13.9%
GDEV

Income Statement — Q2 FY2025 vs Q1 FY2026

Metric
GDEV
GDEV
UE
UE
Revenue
$119.9M
$132.6M
Net Profit
$16.6M
$22.6M
Gross Margin
Operating Margin
15.5%
Net Margin
13.9%
17.1%
Revenue YoY
13.3%
12.2%
Net Profit YoY
13.0%
-6.7%
EPS (diluted)
$0.90
$0.18

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
UE
UE
Q1 26
$132.6M
Q4 25
$119.6M
Q3 25
$120.1M
Q2 25
$119.9M
$114.1M
Q1 25
$118.2M
Q4 24
$116.4M
Q3 24
$112.4M
Q2 24
$105.8M
$106.5M
Net Profit
GDEV
GDEV
UE
UE
Q1 26
$22.6M
Q4 25
$12.4M
Q3 25
$14.9M
Q2 25
$16.6M
$58.0M
Q1 25
$8.2M
Q4 24
$30.1M
Q3 24
$9.1M
Q2 24
$14.7M
$30.8M
Operating Margin
GDEV
GDEV
UE
UE
Q1 26
Q4 25
11.3%
Q3 25
13.4%
Q2 25
15.5%
53.9%
Q1 25
7.6%
Q4 24
27.6%
Q3 24
8.9%
Q2 24
14.4%
30.6%
Net Margin
GDEV
GDEV
UE
UE
Q1 26
17.1%
Q4 25
10.4%
Q3 25
12.4%
Q2 25
13.9%
50.8%
Q1 25
6.9%
Q4 24
25.9%
Q3 24
8.1%
Q2 24
13.9%
28.9%
EPS (diluted)
GDEV
GDEV
UE
UE
Q1 26
$0.18
Q4 25
$0.09
Q3 25
$0.12
Q2 25
$0.90
$0.46
Q1 25
$0.07
Q4 24
$0.25
Q3 24
$0.07
Q2 24
$0.81
$0.26

Balance Sheet & Financial Strength

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

Metric
GDEV
GDEV
UE
UE
Cash + ST InvestmentsLiquidity on hand
$41.6M
$50.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$-129.4M
$1.4B
Total Assets
$210.2M
$3.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GDEV
GDEV
UE
UE
Q1 26
$50.0M
Q4 25
$48.9M
Q3 25
$77.8M
Q2 25
$41.6M
$53.0M
Q1 25
$48.0M
Q4 24
$41.4M
Q3 24
$67.9M
Q2 24
$50.8M
$78.6M
Stockholders' Equity
GDEV
GDEV
UE
UE
Q1 26
$1.4B
Q4 25
$1.4B
Q3 25
$1.4B
Q2 25
$-129.4M
$1.4B
Q1 25
$1.4B
Q4 24
$1.4B
Q3 24
$1.3B
Q2 24
$-118.7M
$1.3B
Total Assets
GDEV
GDEV
UE
UE
Q1 26
$3.4B
Q4 25
$3.3B
Q3 25
$3.3B
Q2 25
$210.2M
$3.3B
Q1 25
$3.3B
Q4 24
$3.3B
Q3 24
$3.2B
Q2 24
$282.8M
$3.2B

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
UE
UE
Operating Cash FlowLast quarter
$39.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
1.5%
Cash ConversionOCF / Net Profit
1.73×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GDEV
GDEV
UE
UE
Q1 26
$39.1M
Q4 25
$182.7M
Q3 25
$55.7M
Q2 25
$43.5M
Q1 25
$32.6M
Q4 24
$153.2M
Q3 24
$36.6M
Q2 24
$41.2M
Free Cash Flow
GDEV
GDEV
UE
UE
Q1 26
Q4 25
$81.8M
Q3 25
$26.1M
Q2 25
$19.6M
Q1 25
$11.9M
Q4 24
$42.5M
Q3 24
$12.2M
Q2 24
$19.9M
FCF Margin
GDEV
GDEV
UE
UE
Q1 26
Q4 25
68.4%
Q3 25
21.7%
Q2 25
17.2%
Q1 25
10.0%
Q4 24
36.6%
Q3 24
10.8%
Q2 24
18.6%
Capex Intensity
GDEV
GDEV
UE
UE
Q1 26
1.5%
Q4 25
84.4%
Q3 25
24.6%
Q2 25
20.9%
Q1 25
17.5%
Q4 24
95.1%
Q3 24
21.7%
Q2 24
20.1%
Cash Conversion
GDEV
GDEV
UE
UE
Q1 26
1.73×
Q4 25
14.71×
Q3 25
3.73×
Q2 25
0.75×
Q1 25
3.97×
Q4 24
5.09×
Q3 24
4.03×
Q2 24
1.34×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GDEV
GDEV

Segment breakdown not available.

UE
UE

Rental revenue$124.2M94%
Other$8.4M6%

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