GDEV
GDEV Inc.
GDEV offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
PLTR
Palantir Technologies Inc.
PLTR has the edge over GDEV overall, supported by stronger fundamentals and stronger modeled upside.
GDEV Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Strong | |
| Strong | |
| Strong |
GDEV's profitability, cash flow and balance sheet are currently strong, but its revenue is under pressure.
PLTR Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
PLTR's revenue, profitability, cash flow and balance sheet are all currently strong.
GDEV PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 2x | $8.34 | — |
| Cheap | 4.2x | $17.31 | +107% |
| Fair | 8.8x | $36.22 | +334% |
| Expensive | 12x | $51.03 | +512% |
Historical ranges are pointers, not guarantees.
GDEV has the edge over PLTR in the historical PE scenario, which offers more potential upside but is not a forecast.
PLTR PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 75x | $172 | — |
| Current | 120x | $172 | — |
| Cheap | 165x | $236 | +37% |
| Fair | 251x | $359 | +109% |
| Expensive | 452x | $646 | +277% |
Historical ranges are pointers, not guarantees.
PLTR's PE is in its cheap range at 120x. If earnings grow as analysts expect, today's price would be 75x next year's earnings.
GDEV Forward outlook
There aren't enough analyst estimates for GDEV to show an outlook.
PLTR Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| Moderate |
Analysts expect strong earnings and revenue growth for PLTR, with profitability improving.
GDEV Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $4.11 | +75% |
| Q1 2026 | $3.93 | +74% |
| Q4 2025 | $3.78 | +215% |
| Q3 2025 | $2.88 | +52% |
| Q2 2025 | $2.35 | +2.2% |
| Q1 2025 | $2.26 | -10% |
| Q4 2024 | $1.20 | -50% |
| Q3 2024 | $1.89 | +$5.13 |
GDEV earned $4.11 per share over the past year, up 75% from the year before.
PLTR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.30 | +61% |
| Q3 2026 | $1.43 | +240% |
| Q2 2026 | $1.17 | +290% |
| Q1 2026 | $0.89 | +287% |
| Q4 2025 | $0.63 | +232% |
| Q3 2025 | $0.42 | +110% |
| Q2 2025 | $0.30 | +76% |
| Q1 2025 | $0.23 | +92% |
| Q4 2024 | $0.19 | +111% |
PLTR has the edge over GDEV on earnings, with more consistent year-over-year improvement.
GDEV Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $93.6M | -22% |
| Q1 2026 | $99M | +2% |
| Q4 2025 | $90M | -7.7% |
| Q3 2025 | $97.6M | -12% |
| Q2 2025 | $119.9M | +13% |
| Q1 2025 | $97M | -9.3% |
| Q4 2024 | $97.5M | -11% |
| Q3 2024 | $110.7M | -8.8% |
GDEV's revenue has slid since its 2022 peak: $94M last quarter, down 22% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 22% | +6.2 points |
| Q1 2026 | 18% | +4.7 points |
| Q4 2025 | 14% | +1.4 points |
| Q3 2025 | 26% | +12 points |
| Q2 2025 | 16% | +1.2 points |
| Q1 2025 | 14% | +14 points |
| Q4 2024 | 13% | +5.3 points |
| Q3 2024 | 13% | -11 points |
GDEV's operating margin was 22% last quarter, up 6.2 points from the same quarter a year ago.
PLTR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2.3B | +96% |
| Q2 2026 | $1.9B | +93% |
| Q1 2026 | $1.6B | +85% |
| Q4 2025 | $1.4B | +70% |
| Q3 2025 | $1.2B | +63% |
| Q2 2025 | $1B | +48% |
| Q1 2025 | $883.9M | +39% |
| Q4 2024 | $827.5M | +36% |
PLTR has the edge over GDEV on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 47% | +14 points |
| Q2 2026 | 47% | +20 points |
| Q1 2026 | 46% | +26 points |
| Q4 2025 | 41% | +40 points |
| Q3 2025 | 33% | +18 points |
| Q2 2025 | 27% | +11 points |
| Q1 2025 | 20% | +7.2 points |
| Q4 2024 | 1.3% | -9.5 points |
PLTR has the edge over GDEV on profitability, with a higher operating margin.
GDEV Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $7.4M | +$17.3M |
| Q1 2026 | $7.4M | +16% |
| Q4 2025 | $20.3M | +319% |
| Q3 2025 | $15.1M | +28% |
| Q2 2025 | -$9.9M | -186% |
| Q1 2025 | $6.4M | +1654% |
| Q4 2024 | $4.8M | -50% |
| Q3 2024 | $11.8M | +46% |
GDEV still generates free cash flow, though less than at its 2022 peak: $50M over the past year.
PLTR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $1.2B | +139% |
| Q2 2026 | $1.2B | +126% |
| Q1 2026 | $891.8M | +193% |
| Q4 2025 | $764M | +67% |
| Q3 2025 | $500.9M | +20% |
| Q2 2025 | $531.6M | +276% |
| Q1 2025 | $304.1M | +140% |
| Q4 2024 | $457.2M | +54% |
PLTR has the edge over GDEV on cash flow, with more consistent year-over-year improvement.
GDEV Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.9% | +343K shares |
| 1 year | -0.3% | -47.8K shares |
| 3 years | -2.3% | -433K shares |
| 5 years | -6% | -1.2M shares |
| Available history | -6% | -1.2M shares |
GDEV has the edge over PLTR on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
GDEV hasn't bought back shares in the past year.
PLTR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.2% | +5.2M shares |
| 1 year | +0.1% | +2.9M shares |
| 3 years | +11% | +248M shares |
| 5 years | +31% | +610M shares |
| Available history | +184% | +1.7B shares |
PLTR has 2.6B diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q4 2025 | $19.2M |
| Q3 2025 | $19.2M |
| Q2 2025 | $18.6M |
| Q1 2025 | $18M |
| Q4 2024 | $18.6M |
| Q3 2024 | $18.9M |
| Q2 2024 | $17.7M |
| Q1 2024 | $9M |
GDEV Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -0.9x | Net Cash |
| Q1 2026 | 0.0x | Very low |
| Q4 2025 | -0.8x | Net Cash |
| Q3 2025 | -0.7x | Net Cash |
| Q2 2025 | -0.5x | Net Cash |
| Q1 2025 | -1.0x | Net Cash |
| Q4 2024 | -2.3x | Net Cash |
| Q3 2024 | -2.0x | Net Cash |
GDEV has more cash than debt.
PLTR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.1x | Net Cash |
| Q2 2026 | -0.8x | Net Cash |
| Q1 2026 | -1.1x | Net Cash |
| Q4 2025 | -1.0x | Net Cash |
| Q3 2025 | -1.9x | Net Cash |
| Q2 2025 | -1.6x | Net Cash |
| Q1 2025 | -2.3x | Net Cash |
| Q4 2024 | -6.1x | Net Cash |
PLTR has the edge over GDEV on leverage, with a lower net debt burden relative to earnings.
GDEV Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 32.5 | Neutral |
| Stochastic | 2.5 | Oversold |
GDEV's weekly RSI is 33 (neutral) and its Stochastic is 3 (oversold).
PLTR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 51.4 | Neutral |
| Stochastic | 47.4 | Neutral |
PLTR's weekly RSI is 51 (neutral) and its Stochastic is 47 (neutral).
GDEV PE vs Technology Sector
| Metric | GDEV | Sector median | Relative |
|---|---|---|---|
| PE | 2x | 28x | 93% below |
| PE % | 0 | 38 | 38 pts below |
GDEV has the edge over PLTR on valuation relative to its sector.
PLTR PE vs Technology Sector
| Metric | PLTR | Sector median | Relative |
|---|---|---|---|
| PE | 120x | 28x | 331% above |
| PE % | 1 | 38 | 37 pts below |
PLTR is trading at 120x earnings, a 331% premium to the Technology sector's median of 28x.
GDEV Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.95 | 16% below |
| 20 week MA | $11.1 | 25% below |
| 50 week MA | $13.7 | 39% below |
| 100 week MA | $15.6 | 47% below |
| 200 week MA | $26.5 | 69% below |
GDEV is in a downtrend: it's below all five of its weekly moving averages, and 69% below its 200-week average.
PLTR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $185.8 | 7.6% below |
| 20 week MA | $167.6 | 2.4% above |
| 50 week MA | $157.1 | 9.2% above |
| 100 week MA | $143.8 | 19% above |
| 200 week MA | $83.3 | 106% above |
PLTR has the edge over GDEV on trend strength, trading above more of its moving averages.
GDEV Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $97.0 | $101.3 | +4.4% |
| 2021 | $101.3 | $80.1 | -21% |
| 2022 | $80.1 | $63.8 | -20% |
| 2023 | $63.8 | $22.1 | -65% |
| 2024 | $22.1 | $19.1 | -14% |
| 2025 | $19.1 | $16.0 | -16% |
| 2026 YTD | $16.0 | $8.34 | -48% |
GDEV has finished five years in a row lower, and it's down 48% so far in 2026.
PLTR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $9.20 | $27.8 | +202% |
| 2021 | $27.8 | $18.9 | -32% |
| 2022 | $18.9 | $6.29 | -67% |
| 2023 | $6.29 | $17.2 | +173% |
| 2024 | $17.2 | $79.1 | +361% |
| 2025 | $79.1 | $188.7 | +139% |
| 2026 YTD | $188.7 | $171.6 | -9.1% |
PLTR has the edge over GDEV on returns for 2026, with the stronger performance.