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
DateValue
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