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Gravity Co ( (GRVY) ) has shared an announcement.
Gravity reported strong unaudited results for the first quarter ended March 31, 2026, with total revenue rising 42.7% quarter-on-quarter and 17.8% year-on-year to KRW 161.9 billion, driven mainly by mobile titles such as Ragnarok: The New World and Ragnarok X: Next Generation. Operating profit jumped 163.1% quarter-on-quarter and 24.7% year-on-year, while net profit attributable to the parent climbed 138.7% quarter-on-quarter and 33.4% year-on-year to KRW 29.4 billion, supported by lower advertising and R&D expenses and a sizeable cash position of KRW 611.6 billion.
The company detailed an aggressive slate of Ragnarok Online IP launches through 2026 and into 2027, including regional rollouts of Ragnarok M: Classic, Ragnarok: The New World, Ragnarok Origin Classic, Ragnarok Abyss, Ragnarok: Midgard Senki, Ragnarok: Twilight Global, Ragnarok: Back to Glory, and Ragnarok Zero: Global. Gravity is also broadening its portfolio with non-Ragnarok IP games such as Wizmans World Re: Try, Requiem M, Jaleco Arcade Collection, LIGHT ODYSSEY, Hashire HEBEREKE: EX, GALVATEIN: Adventure’s Guild, and Final Knight, alongside new Ragnarok soundtrack releases, underscoring a strategy to deepen monetization of its IP and sustain growth across regions and platforms.
Spark’s Take on GRVY Stock
According to Spark, TipRanks’ AI Analyst, GRVY is a Outperform.
The score is driven mainly by strong financial quality (debt-free balance sheet and solid cash generation) and supportive valuation (low P/E). These positives are partially offset by weaker technical signals, with negative MACD and price trading below key short-term moving averages.
To see Spark’s full report on GRVY stock, click here.
More about Gravity Co
Gravity Co., Ltd. is a South Korea-based developer and publisher of online and mobile games, best known for its Ragnarok franchise of MMORPG titles. The company focuses on global distribution across Asia, the Americas, Europe and other regions, leveraging its Ragnarok intellectual property across multiple platforms including PC, mobile, and console, while also expanding into other licensed and original game IPs.
Average Trading Volume: 28,439
Technical Sentiment Signal: Hold
Current Market Cap: $421.2M
Find detailed analytics on GRVY stock on TipRanks’ Stock Analysis page.