Gdev (GDEV) Research & Development (2020 - 2026)
Gdev (GDEV) posted quarterly Research & Development of -$37.0 million for Q1 2026, up 11.9% year-on-year from -$33.1 million in Q1 2025, and down 5.71% on a QoQ basis 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.
- Quarterly Research & Development rose 11.9% year-over-year to -$37.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$154.5 million (up 17.98% YoY) and the FY2025 annual result came in at -$159.0 million, up 23.92% from the prior year.
- Research & Development eased to -$37.0 million in Q1 2026 per GDEV's latest filing, from -$35.0 million in the prior quarter.
- Over the last five years, Research & Development for GDEV reached as high as -$20.9 million in Q3 2022 and fell as low as -$226.0 million in Q4 2023.
- A 5-year average of -$64.8 million and a median of -$49.1 million in 2023 frame the typical range for Research & Development.
- Annual changes were most pronounced in 2023 — Research & Development slumped 148.35% — and 2024, when it surged 79.2%.
- Year by year, Research & Development stood at -$91.0 million in 2022, then sank by 148.35% to -$226.0 million in 2023, then jumped by 79.2% to -$47.0 million in 2024, then rose by 25.53% to -$35.0 million in 2025, then decreased by 5.71% to -$37.0 million in 2026.
- According to Business Quant data, Research & Development over the past three periods registered -$37.0 million, -$35.0 million, and -$30.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Electronic Arts | 52.46 Bn | 49.60 Bn | 1.76 Bn | 1.95 Bn |
| 2 | Take Two Interactive Software | 48.15 Bn | 47.69 Bn | 938.70 Mn | 958.70 Mn |
| 3 | Roblox | 33.85 Bn | 30.63 Bn | 1.15 Bn | 422.00 Mn |
| 4 | Gdev | 2.31 Bn | 2.31 Bn | 85.00 Mn | -37.00 Mn |
| 5 | NetEase | 2.16 Bn | -7,331,731.34 Bn | 3.06 Bn | -496.85 Mn |
| 6 | Playtika Holding | 1.35 Bn | 575.11 Mn | 552.50 Mn | 360.60 Mn |
| 7 | Gravity | 418.32 Mn | 418.18 Mn | 35,341.61 | 775.20 |
| 8 | Meridian Holdings | 152.70 Mn | 138.17 Mn | 28.14 Mn | - |
| 9 | Firy | 128.08 Mn | -57.32 Mn | 25.51 Mn | 17.28 Mn |
| 10 | CTW Cayman | 118.94 Mn | 99.19 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 |