Gdev (GDEV) Operating Expenses (2020 - 2025)
Gdev (GDEV) reported Operating Expenses of -$9.0 million for Q4 2025, down 12.5% year-over-year from -$10.3 million in Q4 2024, and down 12.5% quarter-over-quarter from -$8.0 million in Q3 2025.
Gdev (GDEV) Operating Expenses (2020 - 2025) Analysis & Trends
Gdev (GDEV) has 6 years of Operating Expenses data on file, last reported at -$9.0 million in Q4 2025.
- Operating Expenses for Q4 2025 came in at -$9.0 million, down 12.5% year-over-year; the trailing twelve-month figure through Dec 2025 was -$126.3 million (down 11.14% YoY), and the FY2025 annual result was $34.6 million, up 9.58% from the prior year.
- Operating Expenses slipped to -$9.0 million in Q4 2025 per GDEV's latest filing, from -$8.0 million in the prior quarter.
- Over five years, Operating Expenses peaked at -$7.0 million in Q3 2024 and troughed at -$226.5 million in Q3 2021.
- A 5-year average of -$57.2 million and a median of -$27.0 million in 2021 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2021 and 2023: Operating Expenses tumbled 475.0% in 2021, then jumped 92.58% in 2023.
- A 5-year view of Operating Expenses shows it stood at -$23.0 million in 2021, then surged by 65.22% to -$8.0 million in 2022, then slumped by 287.5% to -$31.0 million in 2023, then soared by 74.19% to -$8.0 million in 2024, then fell by 12.5% to -$9.0 million in 2025.
- Business Quant data shows GDEV's Operating Expenses at -$9.0 million in Q4 2025, -$8.0 million in Q3 2025, and -$101.3 million in Q2 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Electronic Arts | 50.76 Bn | 47.89 Bn | 1.76 Bn | 1.19 Bn |
| 2 | Take Two Interactive Software | 42.04 Bn | 40.05 Bn | 938.70 Mn | 927.80 Mn |
| 3 | Roblox | 34.08 Bn | 30.86 Bn | 1.15 Bn | 1.74 Bn |
| 4 | Playtika Holding | 1.32 Bn | 539.18 Mn | 384.10 Mn | 794.30 Mn |
| 5 | Sohu.com | 430.85 Mn | -399.49 Mn | 111.48 Mn | 118.21 Mn |
| 6 | Gdev | 221.62 Mn | 113.30 Mn | 75.00 Mn | -9.00 Mn |
| 7 | Meridian Holdings | 164.46 Mn | 149.93 Mn | 28.14 Mn | 24.99 Mn |
| 8 | Skillz | 132.36 Mn | -27.57 Mn | 25.51 Mn | 37.86 Mn |
| 9 | Brag House Holdings | 89.71 Mn | 89.57 Mn | - | 1.89 Mn |
| 10 | Playstudios | 70.83 Mn | -32.85 Mn | 37.39 Mn | 71.72 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -9.00 Mn |
| Sep 30, 2025 | -8.00 Mn |
| Jun 30, 2025 | -101.27 Mn |
| Mar 31, 2025 | -8.00 Mn |
| Dec 31, 2024 | -8.00 Mn |
| Sep 30, 2024 | -7.00 Mn |
| Jun 30, 2024 | -90.61 Mn |
| Mar 31, 2024 | -8.00 Mn |
| Dec 31, 2023 | -31.00 Mn |
| Aug 28, 2023 | -15.00 Mn |
| Jun 30, 2023 | -100.08 Mn |
| Mar 31, 2023 | -8.00 Mn |
| Dec 31, 2022 | -8.00 Mn |
| Sep 30, 2022 | -82.14 Mn |
| Jun 30, 2022 | -81.17 Mn |
| Mar 31, 2022 | -107.85 Mn |
| Dec 31, 2021 | -23.00 Mn |
| Sep 30, 2021 | -226.46 Mn |
| Jun 30, 2021 | -125.07 Mn |
| Mar 31, 2021 | -95.95 Mn |