Gdev (GDEV) Research & Development (2020 - 2026)
Gdev (GDEV) posted quarterly Research & Development of -$37.0 million for Q1 2026, up 11.9% year-over-year from -$33.1 million in Q1 2025, and down 5.71% quarter-over-quarter from -$35.0 million in Q4 2025.
Gdev (GDEV) Research & Development (2020 - 2026) Analysis & Trends
Gdev (GDEV) has reported Research & Development for 7 consecutive years, with -$37.0 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Research & Development rose 11.9% year-over-year to -$37.0 million; the TTM figure through Mar 2026 stood at -$154.5 million (up 17.98% YoY), while the FY2025 annual figure was -$159.0 million, up 23.92% from the prior year.
- Research & Development fell to -$37.0 million in Q1 2026 per GDEV's latest filing, from -$35.0 million in the prior quarter.
- Across five years, Research & Development topped out at -$20.9 million in Q3 2022 and bottomed at -$226.0 million in Q4 2023.
- Historically, Research & Development has averaged -$64.8 million across 5 years, with a median of -$49.1 million in 2023.
- Annual changes were most pronounced in 2023 — Research & Development slumped 148.35% — and 2024, when it soared 79.2%.
- Gdev's Research & Development stood at -$91.0 million in 2022, then plunged by 148.35% to -$226.0 million in 2023, then jumped by 79.2% to -$47.0 million in 2024, then climbed by 25.53% to -$35.0 million in 2025, then declined by 5.71% to -$37.0 million in 2026.
- Business Quant data shows GDEV's Research & Development at -$37.0 million in Q1 2026, -$35.0 million in Q4 2025, and -$30.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | NetEase | 76.41 Bn | -13,107,909.00 Bn | 3.06 Bn | -496.85 Mn |
| 2 | Electronic Arts | 52.84 Bn | 50.56 Bn | 1.71 Bn | 743.00 Mn |
| 3 | Take Two Interactive Software | 44.66 Bn | 42.84 Bn | 882.50 Mn | 369.70 Mn |
| 4 | Roblox | 27.67 Bn | 24.66 Bn | 1.18 Bn | 420.00 Mn |
| 5 | Playtika Holding | 896.31 Mn | 457.81 Mn | 538.20 Mn | 252.60 Mn |
| 6 | DoubleDown Interactive | 632.30 Mn | 177.08 Mn | 71.22 Mn | 3.82 Mn |
| 7 | Gravity | 490.49 Mn | 490.06 Mn | 34,891.11 | 1,967.09 |
| 8 | Sohu.com | 366.49 Mn | -466.48 Mn | 106.58 Mn | 68.89 Mn |
| 9 | Gdev | 202.43 Mn | 202.43 Mn | - | -37.00 Mn |
| 10 | Meridian Holdings | 176.93 Mn | 159.61 Mn | 26.85 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -37.00 Mn |
| Dec 31, 2025 | -35.00 Mn |
| Sep 30, 2025 | -30.00 Mn |
| Jun 30, 2025 | -52.50 Mn |
| Mar 31, 2025 | -42.00 Mn |
| Dec 31, 2024 | -47.00 Mn |
| Sep 30, 2024 | -52.00 Mn |
| Jun 30, 2024 | -47.37 Mn |
| Mar 31, 2024 | -63.00 Mn |
| Dec 31, 2023 | -226.00 Mn |
| Aug 28, 2023 | -129.00 Mn |
| Jun 30, 2023 | -50.79 Mn |
| Mar 31, 2023 | -78.00 Mn |
| Dec 31, 2022 | -91.00 Mn |
| Sep 30, 2022 | -20.91 Mn |
| Jun 30, 2022 | -35.00 Mn |
| Dec 31, 2021 | -270.00 Mn |
| Sep 30, 2021 | -63.68 Mn |
| Jun 30, 2021 | -90.75 Mn |
| Mar 31, 2021 | -64.73 Mn |