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Side-by-side financial comparison of GDEV Inc. (GDEV) and ZK International Group Co., Ltd. (ZKIN). Click either name above to swap in a different company.

GDEV Inc. is the larger business by last-quarter revenue ($119.9M vs $108.2M, roughly 1.1× ZK International Group Co., Ltd.). GDEV Inc. runs the higher net margin — 13.9% vs -2.6%, a 16.4% gap on every dollar of revenue.

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...

ZK International Group Co., Ltd. is a China-based enterprise focused on the research, development, design, manufacturing and sale of high-quality stainless steel piping systems and fluid transport supporting products. Its offerings cater to construction, municipal infrastructure and residential engineering segments, with core markets spanning China and selected overseas regions.

GDEV vs ZKIN — Head-to-Head

Bigger by revenue
GDEV
GDEV
1.1× larger
GDEV
$119.9M
$108.2M
ZKIN
Higher net margin
GDEV
GDEV
16.4% more per $
GDEV
13.9%
-2.6%
ZKIN

Income Statement — Q2 FY2025 vs Q4 FY2024

Metric
GDEV
GDEV
ZKIN
ZKIN
Revenue
$119.9M
$108.2M
Net Profit
$16.6M
$-2.8M
Gross Margin
6.1%
Operating Margin
15.5%
-1.6%
Net Margin
13.9%
-2.6%
Revenue YoY
13.3%
Net Profit YoY
13.0%
EPS (diluted)
$0.90
$-0.57

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
ZKIN
ZKIN
Q2 25
$119.9M
Q3 24
$108.2M
Q2 24
$105.8M
Q2 23
$114.9M
Q2 22
$125.8M
Net Profit
GDEV
GDEV
ZKIN
ZKIN
Q2 25
$16.6M
Q3 24
$-2.8M
Q2 24
$14.7M
Q2 23
$19.5M
Q2 22
$29.3M
Gross Margin
GDEV
GDEV
ZKIN
ZKIN
Q2 25
Q3 24
6.1%
Q2 24
Q2 23
Q2 22
Operating Margin
GDEV
GDEV
ZKIN
ZKIN
Q2 25
15.5%
Q3 24
-1.6%
Q2 24
14.4%
Q2 23
12.9%
Q2 22
34.4%
Net Margin
GDEV
GDEV
ZKIN
ZKIN
Q2 25
13.9%
Q3 24
-2.6%
Q2 24
13.9%
Q2 23
17.0%
Q2 22
23.3%
EPS (diluted)
GDEV
GDEV
ZKIN
ZKIN
Q2 25
$0.90
Q3 24
$-0.57
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
ZKIN
ZKIN
Cash + ST InvestmentsLiquidity on hand
$41.6M
$4.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$-129.4M
$28.2M
Total Assets
$210.2M
$80.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GDEV
GDEV
ZKIN
ZKIN
Q2 25
$41.6M
Q3 24
$4.1M
Q2 24
$50.8M
Q2 23
$68.6M
Q2 22
$91.4M
Stockholders' Equity
GDEV
GDEV
ZKIN
ZKIN
Q2 25
$-129.4M
Q3 24
$28.2M
Q2 24
$-118.7M
Q2 23
$-135.8M
Q2 22
$-105.2M
Total Assets
GDEV
GDEV
ZKIN
ZKIN
Q2 25
$210.2M
Q3 24
$80.0M
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
ZKIN
ZKIN
Operating Cash FlowLast quarter
$-6.9M
Free Cash FlowOCF − Capex
$-7.5M
FCF MarginFCF / Revenue
-6.9%
Capex IntensityCapex / Revenue
0.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GDEV
GDEV
ZKIN
ZKIN
Q2 25
Q3 24
$-6.9M
Q2 24
Q2 23
Q2 22
$21.1M
Free Cash Flow
GDEV
GDEV
ZKIN
ZKIN
Q2 25
Q3 24
$-7.5M
Q2 24
Q2 23
Q2 22
FCF Margin
GDEV
GDEV
ZKIN
ZKIN
Q2 25
Q3 24
-6.9%
Q2 24
Q2 23
Q2 22
Capex Intensity
GDEV
GDEV
ZKIN
ZKIN
Q2 25
Q3 24
0.6%
Q2 24
Q2 23
Q2 22
Cash Conversion
GDEV
GDEV
ZKIN
ZKIN
Q2 25
Q3 24
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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