Gdev (GDEV) Operating Expenses (2020 - 2026)

Gdev (GDEV) posted quarterly Operating Expenses of -$47.0 million for Q1 2026, up 6.0% year-on-year from -$44.3 million in Q1 2025, and down 6.82% on a QoQ basis from -$44.0 million in Q4 2025.

Gdev (GDEV) Operating Expenses (2020 - 2026) Analysis & Trends

Gdev (GDEV) has reported Operating Expenses for 7 consecutive years, with -$47.0 million the latest figure, recorded in Q1 2026.

  • Quarterly Operating Expenses rose 6.0% year-over-year to -$47.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$230.3 million (up 9.56% YoY) and the FY2025 annual result came in at -$124.4 million, up 29.88% from the prior year.
  • Operating Expenses eased to -$47.0 million in Q1 2026 per GDEV's latest filing, from -$44.0 million in the prior quarter.
  • Over the last five years, Operating Expenses for GDEV reached as high as -$7.0 million in Q2 2022 and fell as low as -$257.0 million in Q4 2023.
  • A 5-year average of -$71.2 million and a median of -$57.0 million in 2024 frame the typical range for Operating Expenses.
  • Annual changes were most pronounced in 2022 — Operating Expenses soared 94.4% — and 2023, when it tumbled 1329.7%.
  • Year by year, Operating Expenses stood at -$36.0 million in 2022, then slumped by 613.89% to -$257.0 million in 2023, then jumped by 78.6% to -$55.0 million in 2024, then climbed by 20.0% to -$44.0 million in 2025, then decreased by 6.82% to -$47.0 million in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered -$47.0 million, -$44.0 million, and -$38.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Electronic Arts 52.46 Bn 49.60 Bn 1.76 Bn 1.19 Bn
2 Take Two Interactive Software 48.15 Bn 47.69 Bn 938.70 Mn 927.80 Mn
3 Roblox 33.85 Bn 30.63 Bn 1.15 Bn 1.74 Bn
4 Gdev 2.31 Bn 2.31 Bn 85.00 Mn -47.00 Mn
5 NetEase 2.16 Bn -7,331,731.34 Bn 3.06 Bn -1.24 Bn
6 Playtika Holding 1.35 Bn 575.11 Mn 552.50 Mn 794.30 Mn
7 Gravity 418.32 Mn 418.18 Mn 35,341.61 14,247.76
8 Meridian Holdings 152.70 Mn 138.17 Mn 28.14 Mn 24.99 Mn
9 Firy 128.08 Mn -57.32 Mn 25.51 Mn 37.86 Mn
10 CTW Cayman 118.94 Mn 99.19 Mn - -

Historic Data

Download Data
DateValue
Mar 31, 2026 -47.00 Mn
Dec 31, 2025 -44.00 Mn
Sep 30, 2025 -38.00 Mn
Jun 30, 2025 -101.27 Mn
Mar 31, 2025 -50.00 Mn
Dec 31, 2024 -55.00 Mn
Sep 30, 2024 -59.00 Mn
Jun 30, 2024 -90.61 Mn
Mar 31, 2024 -71.00 Mn
Dec 31, 2023 -257.00 Mn
Aug 28, 2023 -15.00 Mn
Jun 30, 2023 -100.08 Mn
Mar 31, 2023 -86.00 Mn
Dec 31, 2022 -36.00 Mn
Sep 30, 2022 -82.14 Mn
Jun 30, 2022 -7.00 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