GRVYNasdaqServices-Computer Processing & Data PreparationFiscal year ends December 31
GRAVITY Co., Ltd.
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 24, 2026
$66.47−0.24 (-0.36%)
Close on Oct 19, 2026
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
35.0%−6.1 pts over 5 years
Operating margin
13.8%−8.0 pts over 5 years
Net margin
12.0%−3.4 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +11.9% | +6.5% | +6.7% | +31.7% | |
| Gross profit | +1.2% | +0.0% | +3.3% | +43.3% | |
| Operating income | -9.4% | -9.6% | -2.6% | – | |
| Net income | -20.6% | -6.7% | +1.5% | – | |
| EPS, diluted | -20.6% | -6.7% | +1.5% | – | |
| Free cash flow | -3.7% | -8.4% | +1.8% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 2.1% | 42.9% | 11.2% | |
| Return on assets | 1.3% | 28.4% | 9.4% | |
| Current ratio | 2.59 | 2.98 | 7.27 | |
| Interest coverage | 2.3× | 23.1× | 7.0× | |
| Capex to revenue | 0.3% | 0.3% | 0.2% | |
| Diluted shares | 0M | 0M | 0M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Gravity generated ₩459.54B from operations and spent ₩6.62B on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
₩459.54B
Used
₩6.62B
Capital expenditure₩6.62B100%Dividends₩00%Share buybacks₩00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin12.0%
×Asset turnover0.78×
×Equity multiplier1.19×
=Return on equity, FY202511.2%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 12.0% | 0.78× | 1.19× | 11.2% |
| FY2024 | 17.0% | 0.79× | 1.23× | 16.5% |
| FY2023 | 18.2% | 1.42× | 1.29× | 33.3% |
| FY2022 | 17.9% | 1.20× | 1.34× | 28.9% |
| FY2021 | 15.9% | 1.40× | 1.40× | 31.2% |
| FY2020 | 15.4% | 1.84× | 1.51× | 42.9% |
| FY2019 | 11.0% | 2.07× | 1.82× | 41.6% |
| FY2018 | 11.0% | 1.98× | 2.39× | 52.1% |
| FY2017 | 9.4% | 1.65× | 2.27× | 35.2% |
| FY2016 | 1.3% | 1.01× | 1.64× | 2.1% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero₩67.46B
- Cash generatingOperating cash flow above zero₩76.09B
- Return on assets improvedROA up on the prior year14.7% → 9.8%
- Earnings backed by cashOperating cash flow above net income₩76.09B vs ₩67.46B
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose6.02 → 7.27
- No dilutionShare count did not rise0M → 0M
- Gross margin improvedGross margin up on the prior year38.72% → 35.02%
- More efficientAsset turnover rose0.87 → 0.82