Gdev (GDEVW) Operating Expenses (2020 - 2025)

Gdev (GDEVW) 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 (GDEVW) Operating Expenses (2020 - 2025) Analysis & Trends

Gdev (GDEVW) 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 GDEVW'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 GDEVW's Operating Expenses at -$9.0 million in Q4 2025, -$8.0 million in Q3 2025, and -$101.3 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Electronic Arts 50.63 Bn 47.77 Bn 1.76 Bn 1.19 Bn
2 Take Two Interactive Software 39.05 Bn 37.06 Bn 938.70 Mn 927.80 Mn
3 Roblox 30.61 Bn 27.39 Bn 1.15 Bn 1.74 Bn
4 Playtika Holding 1.16 Bn 382.18 Mn 384.10 Mn 794.30 Mn
5 Sohu.com 430.85 Mn -399.49 Mn 111.48 Mn 118.21 Mn
6 Gdev 243.40 Mn 135.08 Mn 75.00 Mn -9.00 Mn
7 Meridian Holdings 161.93 Mn 147.40 Mn 28.14 Mn 24.99 Mn
8 Skillz 141.06 Mn -18.87 Mn 25.51 Mn 37.86 Mn
9 Brag House Holdings 90.80 Mn 90.66 Mn - 1.89 Mn
10 Gdev - - 75.00 Mn -9.00 Mn

Historic Data

Download Data
DateValue
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