Gravity Co (GRVY) financial statements
Gravity Co reported revenue of 500.8B KRW in fiscal 2024, up 34.1% a year over 9 years.
Net income was 84.9B KRW and the operating margin 17.0%, against -48.3% in 2015.
Free cash flow was 73.8B KRW, and the company returned 100M KRW in net buybacks.
Revenue and free cash flow
Fiscal years, $ billions (KRW).
Income statement
Fiscal years, in KRW, from Gravity Co's 10-K filings with the SEC.
| Fiscal year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 35.7B KRW | 51.4B KRW | 141.6B KRW | 286.8B KRW | 361.0B KRW | 406.0B KRW | 413.9B KRW | 463.6B KRW | 725.5B KRW | 500.8B KRW |
| Cost of revenue | 30.3B KRW | 29.6B KRW | 94.2B KRW | 210.0B KRW | 265.8B KRW | 239.0B KRW | 224.2B KRW | 267.4B KRW | 485.0B KRW | 306.9B KRW |
| Gross profit | 5.4B KRW | 21.8B KRW | 47.4B KRW | 76.7B KRW | 95.2B KRW | 166.9B KRW | 189.8B KRW | 196.3B KRW | 240.6B KRW | 193.9B KRW |
| Research and development | — | 2.0B KRW | 5.2B KRW | 8.0B KRW | 9.5B KRW | 15.0B KRW | 16.6B KRW | 13.8B KRW | 13.5B KRW | 15.3B KRW |
| Selling, general and admin | 11.5B KRW | 16.0B KRW | 28.0B KRW | 34.8B KRW | 36.9B KRW | 62.4B KRW | 75.6B KRW | 77.6B KRW | 66.1B KRW | 92.5B KRW |
| Operating income | -17.2B KRW | 3.8B KRW | 14.0B KRW | 33.4B KRW | 48.7B KRW | 88.4B KRW | 96.7B KRW | 104.7B KRW | 160.4B KRW | 85.4B KRW |
| Interest expense | 4M KRW | 1.7B KRW | 1.5B KRW | 1.0B KRW | 277M KRW | 186M KRW | 115M KRW | 127M KRW | 162M KRW | 135M KRW |
| Pre-tax income | -15.7B KRW | 3.8B KRW | 14.5B KRW | 34.4B KRW | 51.3B KRW | 88.0B KRW | 99.3B KRW | 109.9B KRW | 168.7B KRW | 106.3B KRW |
| Income tax | 1.4B KRW | 3.2B KRW | 1.1B KRW | 3.1B KRW | 11.5B KRW | 25.5B KRW | 33.4B KRW | 26.8B KRW | 36.7B KRW | 21.4B KRW |
| Net income | -17.0B KRW | 657M KRW | 13.3B KRW | 31.4B KRW | 39.9B KRW | 62.7B KRW | 65.9B KRW | 83.2B KRW | 132.0B KRW | 84.9B KRW |
| EPS (diluted) | -2,441.00 KRW | 95.00 KRW | 1,917.00 KRW | 4,525.00 KRW | 5,738.00 KRW | 9,023.00 KRW | 9,490.00 KRW | 11,968.00 KRW | 18,999.00 KRW | 12,221.00 KRW |
| Diluted shares | 7M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M |
| Gross margin | 15.1% | 42.4% | 33.5% | 26.8% | 26.4% | 41.1% | 45.8% | 42.3% | 33.2% | 38.7% |
| Operating margin | -48.3% | 7.5% | 9.9% | 11.6% | 13.5% | 21.8% | 23.4% | 22.6% | 22.1% | 17.0% |
| Net margin | -47.6% | 1.3% | 9.4% | 11.0% | 11.0% | 15.4% | 15.9% | 17.9% | 18.2% | 17.0% |
Balance sheet
Fiscal years, in KRW, from Gravity Co's 10-K filings with the SEC.
| Fiscal year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | 36.4B KRW | 38.7B KRW | 61.6B KRW | 86.1B KRW | 79.4B KRW | 110.6B KRW | 99.1B KRW | 169.9B KRW | 184.1B KRW | 228.9B KRW |
| Receivables | 5.3B KRW | 11.8B KRW | 42.2B KRW | 60.7B KRW | 32.3B KRW | 59.8B KRW | 52.6B KRW | 77.3B KRW | 71.2B KRW | 81.2B KRW |
| Total current assets | 43.7B KRW | 53.6B KRW | 108.9B KRW | 160.2B KRW | 155.9B KRW | 246.6B KRW | 306.1B KRW | 421.8B KRW | 546.9B KRW | 653.6B KRW |
| Property, plant and equipment | 882M KRW | 478M KRW | 946M KRW | 1.5B KRW | 6.7B KRW | 7.7B KRW | 11.3B KRW | 8.1B KRW | 10.2B KRW | 10.0B KRW |
| Goodwill | 0 KRW | 0 KRW | — | — | — | — | — | — | — | — |
| Total assets | 45.7B KRW | 55.7B KRW | 115.9B KRW | 173.2B KRW | 175.4B KRW | 265.4B KRW | 327.5B KRW | 444.1B KRW | 578.2B KRW | 686.5B KRW |
| Total current liabilities | 8.8B KRW | 20.7B KRW | 64.7B KRW | 93.5B KRW | 55.8B KRW | 82.7B KRW | 74.0B KRW | 105.7B KRW | 106.4B KRW | 108.6B KRW |
| Total liabilities | 15.7B KRW | 25.1B KRW | 71.9B KRW | 97.6B KRW | 59.7B KRW | 88.0B KRW | 80.7B KRW | 113.9B KRW | 114.5B KRW | 118.1B KRW |
| Shareholders' equity | 30.5B KRW | 31.2B KRW | 44.6B KRW | 76.2B KRW | 115.5B KRW | 176.9B KRW | 246.1B KRW | 329.5B KRW | 463.1B KRW | 567.7B KRW |
| Net debt | -24.9B KRW | -16.7B KRW | -39.1B KRW | -86.1B KRW | -79.4B KRW | -110.6B KRW | -99.1B KRW | -169.9B KRW | -184.1B KRW | -228.9B KRW |
Cash flow
Fiscal years, in KRW, from Gravity Co's 10-K filings with the SEC.
| Fiscal year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -6.0B KRW | 2.5B KRW | 26.1B KRW | 36.0B KRW | 26.4B KRW | 69.9B KRW | 74.2B KRW | 98.3B KRW | 132.4B KRW | 78.6B KRW |
| Capital spending | 418M KRW | 168M KRW | 2.1B KRW | 2.2B KRW | 2.3B KRW | 3.7B KRW | 4.2B KRW | 2.8B KRW | 5.8B KRW | 4.8B KRW |
| Free cash flow | -6.4B KRW | 2.3B KRW | 24.1B KRW | 33.7B KRW | 24.0B KRW | 66.2B KRW | 70.0B KRW | 95.5B KRW | 126.6B KRW | 73.8B KRW |
| Share buybacks (net) | — | — | — | — | — | — | — | — | — | -100M KRW |
| Free cash flow margin | -17.9% | 4.5% | 17.0% | 11.8% | 6.7% | 16.3% | 16.9% | 20.6% | 17.5% | 14.7% |
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What was Gravity Co's revenue in 2024?
500.8B KRW in fiscal 2024, from its 10-K filing.
How much free cash flow does Gravity Co generate?
73.8B KRW in fiscal 2024 (operating cash flow minus capital spending).
From Gravity Co's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.