Skip to content
MARKETS / NASDAQ / GRVY
NASDAQ · SERVICES-COMPUTER PROCESSING & DATA PREPARATION · MID CAP

Gravity Co. Ltd. GRVY

8 fiscal years on record · KRW · FY2016 reported · SEC filings only
KRW 51.4B
▲ 44.1% YoY
KRW 250.0M
KRW 2.2B
In brief

What this company does

Gravity develops and publishes online and mobile games from its base in Korea. The company generates revenue from online games, mobile games and other sources, including character based merchandise and animation. Mobile games represented 81.2% of its total revenues in 2025. Its main geographic markets in terms of revenues that year were Taiwan, Indonesia, Thailand, the United States and the Philippines. Ragnarok Online, first commercially launched in August 2002, was commercially offered in 91 markets as of March 31, 2026. As of December 31, 2025, the company employed a total of 255 game developers.

Written from the business description in GRAVITY Co., Ltd.'s annual report to the U.S. Securities and Exchange Commission, filed 24 April 2026. Every sentence was checked against that document before publication.

Growth
KRW 51.4B
Revenue, FY2016 · full 8-year series below
Revenue KRW B Net income KRW B
FY2016 · Revenue 51.4 · Net income 0.2
20B40B-8B-16B20092010201120122013201420152016
Compound annual growth
+2.5%
−2.2%
−55.9%
−55.9%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −2.2% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
0 cents
of every revenue dollar became profit
Operating margin Net margin
FY2016 · Operating 6.7% · Net 0.3%
10%20%-20%-40%20092010201120122013201420152016
ROE
FY2016 · ROE 0.8%
5%10%15%-20%-40%20092010201120122013201420152016

Each KRW of equity produced 1 cents of profit this year.

Cash & shareholders
returned in FY2016 · dividends + net buybacks
Free cash flow KRW B
FY2016 · FCF 2.2
8.0B-2.5B-5.0B20092010201120122013201420152016

Total assetsKRW 55.2B
EquityKRW 30.7B
CashKRW 16.7B
Current ratio2.58×

Equity funds 56% of total assets.

The 8-year record
8 fiscal years
Every figure from documents filed with the SEC · KRW
row low → row highnegative
Metric 20162015201420132012201120102009
Revenue KRW B51.435.739.947.757.857.552.457.4
Operating income KRW B3.4−17.2−11.8−16.7−18.53.25.910.9
EBITDA KRW B3.9−12.5−6.2−8.9−10.27.29.616.5
Income tax KRW B3.21.410.15.12.6−8.04.24.5
Net income KRW B0.2−17.0−20.9−18.6−12.214.93.76.9
Free cash flow KRW B2.2−6.4−6.5−3.9−2.2−0.46.915.2
EPS, diluted KRW 36.00−2441.00−3009.00−2675.00−1759.002148.00537.00995.00
Dividend / sh KRW ········
Payout %········
ROE %0.8−43.1−35.6−23.4−12.815.84.3·
Shares out B0.010.010.010.010.010.010.01·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 35 reconciliationsAUDITED

Reconciled in 8 of 19 fiscal years. 60 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityServices-Computer Processing & Data Preparation
Listed onNASDAQ
Incorporated inoutside the United States — SEC code M5
Fiscal year endsDecember 31
Data on record since2009

Share this section

Download image