Devolver Digital, Inc. (DEVO) AI Stock Analysis

• Market Cap: £104.60M
• Dividend Yield: N/A
• Average Volume (3M): 142.45K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.06
• Revenue Growth: -10.51%
• EPS Growth: -63.78%
• Country: UK
• Employees: 235
• Sector: Communication Services
• Sector Strength: 97
• Industry: Electronic Gaming & Multimedia
• EPS (TTM): -0.02
• Shares Outstanding: 475,471,130
• 10 Day Avg. Volume: 210,216
• 30 Day Avg. Volume: 142,446
• PEG Ratio: 0.42
• Price to Book (P/B): 0.85
• Price to Sales (P/S): 1.34
• P/FCF Ratio: -16.59
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: £25.00
• Price Target Upside: 4.17% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): 0.02
• Revenue Forecast (FY): £116.72M

• Rating: 62 Neutral
• Price Target: 23.50 p ▼(-2.08% Downside)
• Action: Reiterated Date: 12/07/25
• Date: Action: Reiterated 12/07/25

Devolver Digital's overall stock score is influenced primarily by its stable financial health and positive corporate events. However, the bearish technical indicators and negative valuation metrics weigh down the score. The company's strategic initiatives and strong equity position are positive signs, but profitability challenges and market sentiment remain concerns.

Positive Factors

Strong equity position

A high equity ratio and solid equity base provide durable financial resilience, lowering insolvency risk and preserving funding capacity. This structural strength supports strategic investments, acquisitions, and weathering cyclical game-release patterns without heavy reliance on external debt.

Negative Factors

Declining revenue and EPS

Sustained top-line contraction and severe EPS decline indicate weakening commercial performance or hit titles, reducing reinvestment capacity. If trends persist, product pipeline funding, partner deals, and long-term growth prospects could be impaired, pressuring strategic flexibility.

Devolver Digital, Inc. Business Overview & Revenue Model

Company Description

Devolver Digital Inc. develops video games for release on PC and mobile in the United States and internationally. It publishes video games. The company was founded in 2008 and is based in Wilmington, Delaware....

How the Company Makes Money

Devolver Digital generates revenue primarily through the sale of video games. Their revenue model is based on a mix of direct game sales, digital downloads, and royalties from physical sales. The company partners with indie developers to publish t...

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Devolver Digital generates revenue primarily through the sale of video games. Their revenue model is based on a mix of direct game sales, digital downloads, and royalties from physical sales. The company partners with indie developers to publish t...

Devolver Digital, Inc. Financial Statement Overview

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	83.10M	104.78M	92.36M	134.56M	98.15M	212.74M
Gross Profit	13.95M	30.07M	24.52M	22.50M	39.23M	91.69M
EBITDA	22.77M	18.84M	-3.90M	13.80M	-56.73M	84.24M
Net Income	-10.24M	-6.14M	-12.74M	-91.50M	30.55M	64.09M
Balance Sheet
Total Assets	186.60M	201.22M	196.81M	194.82M	279.14M	113.18M
Cash, Cash Equivalents and Short-Term Investments	34.73M	42.11M	42.65M	79.49M	86.24M	43.53M
Total Debt	999.00K	1.10M	1.03M	0.00	0.00	240.00K
Total Liabilities	30.74M	35.99M	38.77M	22.55M	33.67M	41.66M
Stockholders Equity	156.17M	165.54M	158.12M	170.73M	245.54M	71.51M
Cash Flow
Free Cash Flow	-7.10M	-8.44M	-13.98M	-2.42M	-50.25M	50.08M
Operating Cash Flow	23.62M	22.26M	11.73M	30.29M	-15.90M	72.25M
Investing Cash Flow	-27.66M	-30.70M	-45.97M	-32.71M	60.46M	-25.39M
Financing Cash Flow	9.96M	10.21M	-5.50M	-1.72M	-1.85M	-15.76M

Devolver Digital, Inc. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 24.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:DEVO, the sentiment is Negative. The current price of 24 is above the 20-day moving average (MA) of 23.65, below the 50-day MA of 24.48, and below the 200-day MA of 24.38, indicating a bearish trend. The MACD of -0.62 indicates Positive momentum. The RSI at 8.92 is Positive, neither overbought nor oversold. The STOCH value of 32.41 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:DEVO.

Devolver Digital, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GMR	74 Outperform	£89.70M	14.08	22.77%	―	21.27%	21.93%
SAA	65 Neutral	£136.79M	18.54	24.52%	1.09%	-21.19%	-29.54%
FDEV	63 Neutral	£124.15M	6.19	21.13%	―	1.49%	―
DEVO	62 Neutral	£104.60M	-4.40	-6.37%	―	-10.51%	-63.78%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
TBLD	59 Neutral	£26.55M	-11.49	-22.74%	―	-20.54%	86.22%
GFIN	50 Neutral	£2.74M	-1.64	-169.50%	―	-54.59%	―

Devolver Digital, Inc. Corporate Events