GRAVITY Co., Ltd.GRVY

NasdaqTechnologyServices-Computer Processing & Data Preparation

Price (close)

$67.55

Market cap

$469.4M

P/E

—

Revenue (FY)

$500.8B

Net income

$84.9B

Dividend yield

—

1-year total return

6.3%

Net margin

17.0%

Revenue growth

-31.0%

Debt / equity

—

What GRAVITY Co., Ltd. does.

Gravity is an online and mobile games developer and publisher based in Korea. We generate revenue from online games, mobile games and other sources (including character based merchandise and animation). Our historical principal product, Ragnarok Online, is an online game available in 91 markets. Revenues from Ragnarok Online increased in 2025, representing 15.2% of our total revenues for the year ended December 31, 2025, compared to 14.2% of our total

revenues in 2024. This increase was primarily due to increased revenue from Ragnarok Online in Brazil and Taiwan in 2025, as discussed below.

Our focus on mobile games has increased in recent years, and mobile games represented 81.2% of our total revenues for the year ended December 31, 2025. Our principal mobile games, Ragnarok M: Classic, Ragnarok X: Next Generation, Ragnarok Origin and Ragnarok M: Eternal Love accounted for 27.6%, 13.4%, 11.1% and 6.9%, respectively, of our total revenues for the year ended December 31, 2025. In 2024, Ragnarok Origin accounted for 42.1% of our total revenues. We intend to continue to diversify our product offering by developing online and mobile games in-house or through outsourcing as well as publishing additional games developed by third parties.

Revenue and profit, by fiscal year.

Fiscal year	2019	2020	2021	2022	2023	2024
Revenue	$361.0B	$406.0B	$413.9B	$463.6B	$725.5B	$500.8B
Net income	$39.9B	$62.7B	$65.9B	$83.2B	$132.0B	$84.9B
Free cash flow	$25.4B	$68.8B	$72.4B	$97.5B	$130.0B	$77.9B

More on GRVY.

Figures from GRAVITY Co., Ltd.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.