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GDEV Inc.（GDEV）与Safehold Inc.（SAFE）财务数据对比。点击上方公司名可切换其他公司
GDEV Inc.的季度营收约是Safehold Inc.的1.2倍（$119.9M vs $97.9M），Safehold Inc.净利率更高（28.5% vs 13.9%，领先14.6%），GDEV Inc.同比增速更快（13.3% vs 6.5%）
GDEV Inc.是一家游戏娱乐控股公司，在纳斯达克上市，总部位于塞浦路斯利马索尔。该公司前身为2014年成立的游戏公司Nexters，2023年6月改组为控股集团，是欧洲前五的独立移动游戏企业，旗下拥有Nexters Studio、Cubic Games、Royal Ark、Game Gears、Light Hour Games等工作室，分支机构分布在塞浦路斯、亚美尼亚、哈萨克斯坦等地。
SAFE投资有限公司是一家位于中国香港的中国主权财富基金，主要承担主权财富相关的投资运营职能，依托香港的国际金融中心优势开展相关投资业务。
GDEV vs SAFE — 直观对比
营收规模更大
GDEV
是对方的1.2倍
$97.9M
营收增速更快
GDEV
高出6.8%
6.5%
净利率更高
SAFE
高出14.6%
13.9%
损益表 — Q2 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $119.9M | $97.9M |
| 净利润 | $16.6M | $27.9M |
| 毛利率 | — | 98.6% |
| 营业利润率 | 15.5% | 27.4% |
| 净利率 | 13.9% | 28.5% |
| 营收同比 | 13.3% | 6.5% |
| 净利润同比 | 13.0% | 7.1% |
| 每股收益（稀释后） | $0.90 | $0.38 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收GDEVSAFE
| Q4 25 | — | $97.9M | ||
| Q3 25 | — | $96.2M | ||
| Q2 25 | $119.9M | $93.8M | ||
| Q1 25 | — | $97.7M | ||
| Q4 24 | — | $91.9M | ||
| Q3 24 | — | $90.7M | ||
| Q2 24 | $105.8M | $89.9M | ||
| Q1 24 | — | $93.2M |
净利润GDEVSAFE
| Q4 25 | — | $27.9M | ||
| Q3 25 | — | $29.3M | ||
| Q2 25 | $16.6M | $27.9M | ||
| Q1 25 | — | $29.4M | ||
| Q4 24 | — | $26.0M | ||
| Q3 24 | — | $19.3M | ||
| Q2 24 | $14.7M | $29.7M | ||
| Q1 24 | — | $30.7M |
毛利率GDEVSAFE
| Q4 25 | — | 98.6% | ||
| Q3 25 | — | 98.5% | ||
| Q2 25 | — | 99.1% | ||
| Q1 25 | — | 98.8% | ||
| Q4 24 | — | 98.8% | ||
| Q3 24 | — | 98.8% | ||
| Q2 24 | — | 98.8% | ||
| Q1 24 | — | 98.8% |
营业利润率GDEVSAFE
| Q4 25 | — | 27.4% | ||
| Q3 25 | — | 25.9% | ||
| Q2 25 | 15.5% | 25.5% | ||
| Q1 25 | — | 25.9% | ||
| Q4 24 | — | 24.6% | ||
| Q3 24 | — | 17.5% | ||
| Q2 24 | 14.4% | 26.7% | ||
| Q1 24 | — | 26.4% |
净利率GDEVSAFE
| Q4 25 | — | 28.5% | ||
| Q3 25 | — | 30.5% | ||
| Q2 25 | 13.9% | 29.8% | ||
| Q1 25 | — | 30.1% | ||
| Q4 24 | — | 28.3% | ||
| Q3 24 | — | 21.3% | ||
| Q2 24 | 13.9% | 33.0% | ||
| Q1 24 | — | 33.0% |
每股收益（稀释后）GDEVSAFE
| Q4 25 | — | $0.38 | ||
| Q3 25 | — | $0.41 | ||
| Q2 25 | $0.90 | $0.39 | ||
| Q1 25 | — | $0.41 | ||
| Q4 24 | — | $0.36 | ||
| Q3 24 | — | $0.27 | ||
| Q2 24 | $0.81 | $0.42 | ||
| Q1 24 | — | $0.43 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $41.6M | $21.7M |
| 总债务越低越好 | — | $4.6B |
| 股东权益账面价值 | $-129.4M | $2.4B |
| 总资产 | $210.2M | $7.2B |
| 负债/权益比越低杠杆越低 | — | 1.90× |
8季度趋势，按日历期对齐
现金及短期投资GDEVSAFE
| Q4 25 | — | $21.7M | ||
| Q3 25 | — | $12.1M | ||
| Q2 25 | $41.6M | $13.9M | ||
| Q1 25 | — | $17.3M | ||
| Q4 24 | — | $8.3M | ||
| Q3 24 | — | $15.6M | ||
| Q2 24 | $50.8M | $13.4M | ||
| Q1 24 | — | $11.3M |
总债务GDEVSAFE
| Q4 25 | — | $4.6B | ||
| Q3 25 | — | $4.5B | ||
| Q2 25 | — | $4.4B | ||
| Q1 25 | — | $4.3B | ||
| Q4 24 | — | $4.3B | ||
| Q3 24 | — | $4.3B | ||
| Q2 24 | — | $4.2B | ||
| Q1 24 | — | $4.1B |
股东权益GDEVSAFE
| Q4 25 | — | $2.4B | ||
| Q3 25 | — | $2.4B | ||
| Q2 25 | $-129.4M | $2.4B | ||
| Q1 25 | — | $2.4B | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | $-118.7M | $2.3B | ||
| Q1 24 | — | $2.3B |
总资产GDEVSAFE
| Q4 25 | — | $7.2B | ||
| Q3 25 | — | $7.1B | ||
| Q2 25 | $210.2M | $7.1B | ||
| Q1 25 | — | $6.9B | ||
| Q4 24 | — | $6.9B | ||
| Q3 24 | — | $6.8B | ||
| Q2 24 | $282.8M | $6.8B | ||
| Q1 24 | — | $6.7B |
负债/权益比GDEVSAFE
| Q4 25 | — | 1.90× | ||
| Q3 25 | — | 1.89× | ||
| Q2 25 | — | 1.87× | ||
| Q1 25 | — | 1.85× | ||
| Q4 24 | — | 1.84× | ||
| Q3 24 | — | 1.88× | ||
| Q2 24 | — | 1.81× | ||
| Q1 24 | — | 1.81× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | — | $47.8M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | 1.72× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流GDEVSAFE
| Q4 25 | — | $47.8M | ||
| Q3 25 | — | $-1.4M | ||
| Q2 25 | — | $28.0M | ||
| Q1 25 | — | $8.9M | ||
| Q4 24 | — | $37.9M | ||
| Q3 24 | — | $8.3M | ||
| Q2 24 | — | $24.8M | ||
| Q1 24 | — | $-3.1M |
现金转化率GDEVSAFE
| Q4 25 | — | 1.72× | ||
| Q3 25 | — | -0.05× | ||
| Q2 25 | — | 1.00× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | — | 1.45× | ||
| Q3 24 | — | 0.43× | ||
| Q2 24 | — | 0.83× | ||
| Q1 24 | — | -0.10× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
GDEV
暂无分部数据
SAFE
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | $60.3M | 62% |
| Other | $33.7M | 34% |
| Stabilized Properties | $3.8M | 4% |
