Devolver Digital, Inc. (DEVO) AI Stock Analysis

• Market Cap: £97.27M
• Dividend Yield: N/A
• Average Volume (3M): 36.33K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.47
• Revenue Growth: 10.40%
• EPS Growth: 53.88%
• Country: UK
• Employees: 235
• Sector: Communication Services
• Sector Strength: 83
• Industry: Electronic Gaming & Multimedia
• EPS (TTM): >-0.01
• Shares Outstanding: 474,500,240
• 10 Day Avg. Volume: 70,679
• 30 Day Avg. Volume: 36,333
• PEG Ratio: -0.37
• Price to Book (P/B): 0.76
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 9.09
• 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: 21.95% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 65 Neutral
• Price Target: ―

Devolver Digital's overall performance is mixed. While there are significant strengths such as financial stability, a return to profitability, and a promising game release pipeline, challenges remain in profitability and market momentum. The stock's bearish technical indicators and negative P/E ratio suggest caution. However, the positive corporate events and future growth prospects provide a balanced outlook.

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, Inc. generates revenue primarily through the publishing and distribution of video games. The company enters into agreements with independent game developers to finance, market, and distribute their games. Revenue is typically earned through a share of the sales proceeds from these games, which are sold via digital platforms such as Steam, PlayStation Network, Xbox Live, and Nintendo eShop. Additionally, Devolver Digital occasionally releases physical copies of popular titles, contributing to their revenue streams. The company may also engage in licensing deals and partnerships for merchandise or media adaptations, further diversifying its income sources.

Devolver Digital, Inc. Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
100.06M	92.36M	134.56M	98.15M	212.74M	58.75M
	Gross Profit
44.10M	24.52M	22.50M	39.23M	91.69M	14.42M
	EBIT
-8.48M	-13.01M	-28.48M	-64.20M	77.16M	10.29M
	EBITDA
1.93M	6.55M	13.80M	-56.73M	84.24M	13.86M
	Net Income Common Stockholders
-7.11M	-12.74M	-91.50M	30.55M	64.09M	7.86M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.87M	42.65M	79.49M	86.24M	43.53M	12.42M
	Total Assets
5.05M	196.81M	194.82M	279.14M	113.18M	33.78M
	Total Debt
0.00	1.03M	0.00	0.00	240.00K	0.00
	Net Debt
-1.87M	-41.62M	-79.49M	-86.24M	-43.29M	-12.42M
	Total Liabilities
1.93M	38.77M	22.55M	33.67M	41.66M	13.14M
	Stockholders Equity
3.12M	158.12M	172.38M	245.54M	71.51M	20.64M
Cash Flow		Free Cash Flow
14.00M	-13.98M	-2.42M	-50.25M	50.08M	3.06M
	Operating Cash Flow
14.11M	13.96M	30.29M	-15.90M	72.25M	12.51M
	Investing Cash Flow
-47.86M	-45.97M	-32.71M	60.46M	-25.39M	-7.55M
	Financing Cash Flow
903.00K	-5.50M	-1.72M	-1.85M	-15.76M	0.00

Devolver Digital, Inc. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 20.50
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:DEVO, the sentiment is Neutral. The current price of 20.5 is equal to the 20-day moving average (MA) of 20.50, above the 50-day MA of 20.39, and below the 200-day MA of 24.78, indicating a neutral trend. The MACD of 0.06 indicates Negative momentum. The RSI at 76.68 is Negative, neither overbought nor oversold. The STOCH value of 58.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:DEVO.

Devolver Digital, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DEVO	65 Neutral	£97.27M	―	-3.77%	―	10.40%	53.88%
FDEV	63 Neutral	£99.63M	6.39	21.85%	―	-6.57%	―
Sector *	61 Neutral	$14.20B	5.93	-4.31%	3.70%	2.75%	-35.73%
TSVNF		$605.09M	16.34	8.03%	―	―	―
TBLD		£22.84M	―	-46.12%	―	―	―

Devolver Digital, Inc. Corporate Events

Devolver Digital Releases 2024 Annual Report Highlighting Strategic Achievements

Devolver Digital has published its 2024 Annual Report and Accounts, detailing the company’s financial performance and strategic direction. This publication provides stakeholders with insights into Devolver’s operational achievements and future plans, reinforcing its position in the indie video games market.

Devolver Digital Returns to Profitability with Strong 2024 Performance

Devolver Digital announced a return to profitability and growth for the year ending December 2024, with strong performance aligning with their fiscal guidance. The company achieved record Metacritic scores for new releases and saw significant revenue growth driven by their back catalogue and successful new titles like ‘The Plucky Squire’ and ‘Neva.’ With a robust pipeline of at least 13 new releases for 2025, including anticipated titles featured in Nintendo’s Switch 2 showcase, Devolver is poised for continued growth. The company’s strategic focus on high-quality game curation and strong partnerships has bolstered its market position, with expectations of sequential improvements in revenue and EBITDA through 2025 and 2026.

Devolver Digital to Announce 2024 Preliminary Results

Devolver Digital, Inc. announced it will release its unaudited preliminary results for the year ending December 31, 2024, on April 10, 2025. This announcement could provide insights into the company’s financial health and future strategies, potentially impacting its market positioning and stakeholder interests.