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Side-by-side financial comparison of GDEV Inc. (GDEV) and Viridian Therapeutics, Inc.\DE (VRDN). Click either name above to swap in a different company.

GDEV Inc. is the larger business by last-quarter revenue ($119.9M vs $70.6M, roughly 1.7× Viridian Therapeutics, Inc.\DE). GDEV Inc. runs the higher net margin — 13.9% vs -49.0%, a 62.9% gap on every dollar of revenue. On growth, Viridian Therapeutics, Inc.\DE posted the faster year-over-year revenue change (81958.1% 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...

Viridian Therapeutics is a clinical-stage biotechnology firm developing novel disease-modifying therapies for rare, serious autoimmune and inflammatory diseases. Its lead pipeline candidate targets thyroid eye disease, a debilitating orbital disorder, with primary market focus on North America and Europe.

GDEV vs VRDN — Head-to-Head

Bigger by revenue
GDEV
GDEV
1.7× larger
GDEV
$119.9M
$70.6M
VRDN
Growing faster (revenue YoY)
VRDN
VRDN
+81944.8% gap
VRDN
81958.1%
13.3%
GDEV
Higher net margin
GDEV
GDEV
62.9% more per $
GDEV
13.9%
-49.0%
VRDN

Income Statement — Q2 FY2025 vs Q3 FY2025

Metric
GDEV
GDEV
VRDN
VRDN
Revenue
$119.9M
$70.6M
Net Profit
$16.6M
$-34.6M
Gross Margin
Operating Margin
15.5%
-56.7%
Net Margin
13.9%
-49.0%
Revenue YoY
13.3%
81958.1%
Net Profit YoY
13.0%
54.9%
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
VRDN
VRDN
Q3 25
$70.6M
Q2 25
$119.9M
Q2 24
$105.8M
Q2 23
$114.9M
Q2 22
$125.8M
Net Profit
GDEV
GDEV
VRDN
VRDN
Q3 25
$-34.6M
Q2 25
$16.6M
Q2 24
$14.7M
Q2 23
$19.5M
Q2 22
$29.3M
Operating Margin
GDEV
GDEV
VRDN
VRDN
Q3 25
-56.7%
Q2 25
15.5%
Q2 24
14.4%
Q2 23
12.9%
Q2 22
34.4%
Net Margin
GDEV
GDEV
VRDN
VRDN
Q3 25
-49.0%
Q2 25
13.9%
Q2 24
13.9%
Q2 23
17.0%
Q2 22
23.3%
EPS (diluted)
GDEV
GDEV
VRDN
VRDN
Q3 25
Q2 25
$0.90
Q2 24
$0.81
Q2 23
$0.99
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
VRDN
VRDN
Cash + ST InvestmentsLiquidity on hand
$41.6M
$490.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$-129.4M
$503.0M
Total Assets
$210.2M
$577.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GDEV
GDEV
VRDN
VRDN
Q3 25
$490.9M
Q2 25
$41.6M
Q2 24
$50.8M
Q2 23
$68.6M
Q2 22
$91.4M
Stockholders' Equity
GDEV
GDEV
VRDN
VRDN
Q3 25
$503.0M
Q2 25
$-129.4M
Q2 24
$-118.7M
Q2 23
$-135.8M
Q2 22
$-105.2M
Total Assets
GDEV
GDEV
VRDN
VRDN
Q3 25
$577.1M
Q2 25
$210.2M
Q2 24
$282.8M
Q2 23
$302.2M
Q2 22
$373.3M

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
VRDN
VRDN
Operating Cash FlowLast quarter
$-84.6M
Free Cash FlowOCF − Capex
$-84.7M
FCF MarginFCF / Revenue
-120.1%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GDEV
GDEV
VRDN
VRDN
Q3 25
$-84.6M
Q2 25
Q2 24
Q2 23
Q2 22
$21.1M
Free Cash Flow
GDEV
GDEV
VRDN
VRDN
Q3 25
$-84.7M
Q2 25
Q2 24
Q2 23
Q2 22
FCF Margin
GDEV
GDEV
VRDN
VRDN
Q3 25
-120.1%
Q2 25
Q2 24
Q2 23
Q2 22
Capex Intensity
GDEV
GDEV
VRDN
VRDN
Q3 25
0.2%
Q2 25
Q2 24
Q2 23
Q2 22
Cash Conversion
GDEV
GDEV
VRDN
VRDN
Q3 25
Q2 25
Q2 24
Q2 23
Q2 22
0.72×

Financial Flow Comparison

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

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