GDEV Inc.

GDEVNASDAQTechnology● Active

$12.39

$-0.31(-2.44%)

Market Cap$224884559

P/E Ratio—

52W High$42.2

52W Low$11.25

Avg Volume3K

Open$13.20

Beta1.24

Free Cash Flow Financials Revenue

GDEV Inc. (GDEV) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

GDEV · free cash flow · updated Jun 8, 2026

Core FCF metrics

GDEV · FCF · TTM · margin & CAGR

Free cash flow was $29.1M for FY2025 (fiscal year ending 2025-12-31), up 3.7% year-over-year The FCF margin was 7.2%. Five-year CAGR stands at -24.7%.

FY2025 Free Cash Flow$29.1M▲ +3.7% YoY

Trailing 12M (TTM)$31.9Mtrailing 4 quarters sum

FCF Margin7.2%$29.1M ÷ revenue

3-Year CAGR-36.7%FY2022 → FY2025

5-Year CAGR-24.7%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

GDEV · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$29.4M(0M)$29.1M▲ +3.7%7.2%

FY2024$28.5M(0M)$28.1M▲ +63.3%6.7%

FY2023$18.0M(1M)$17.2M▼ 85.0%3.7%

FY2022$116.1M(1M)$115.0M▲ +10.5%24.0%

FY2021$105.5M(1M)$104.1M▼ 13.6%24.0%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

GDEV · P/FCF · FCF yield · FCF per share

GDEV Inc. (GDEV) trades at a FCF yield of 14.17% and a price-to-free-cash-flow ratio of 7.0x. FCF per share stands at $1.76, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

14.17%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$1.76

TTM FCF ÷ Shares Outstanding

Price / FCF

x7.0

Share Price ÷ FCF per Share

EV / FCF (TTM)

x5.1

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

GDEV · cash flow statement · operating / investing / financing

For FY2025, GDEV Inc. generated $29.4M in operating cash flow and spent 0M in capital expenditures, yielding $29.1M in free cash flow.

Operating Activities

+$29.4M

Cash from core business operations

2025-12-31

Investing Activities

−$22.4M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$57.4M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($29.4M) − |CapEx| (0M) = FCF ($29.1M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Technology)

GDEV vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

GDEV Inc.YOU

GDEV

$29.1M+3.7%7.2%

Taiwan Semiconductor Manufacturing Company Limited

Microsoft Corporation

Technology · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

GDEV Inc. (GDEV) reported free cash flow of $29.1M for FY2025 (fiscal year ending 2025-12-31), up 3.7% year-over-year. The FCF margin was 7.2%.

Based on available data, GDEV Inc. has maintained positive free cash flow for at least 7 fiscal year(s). FCF peaked at $120.5M in FY2020. The 5-year CAGR stands at -24.7%.

GDEV Inc.'s FCF yield is 14.17% and price-to-FCF ratio is 7.0x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

GDEV free cash flow · 8 questions

GDEV Inc. free cash flow was $29.1M for FY2025, up 3.7% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $31.9M.

GDEV free cash flowGDEV FCFGDEV FCF 2025GDEV free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · GDEV Inc. · GDEV Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026