Key Highlights

  • 161,884 million KRW (about 104.5 million USD) is the Revenue Gravity Co., Ltd. (NASDAQ:GRVY) reported for the second quarter of 2026, flat on the first quarter and down 5.2% year on year.
  • 27,582 million KRW is the operating profit reported for the second quarter of 2026, up 40.2% year on year, while net profit to the parent rose 83.8% to 24,341 million KRW.
  • 649,231 million KRW (about 419.2 million USD) is the cash plus short-term financial instruments at June 30, 2026, against total liabilities of 114,792 million KRW.
  • 474.68 million USD is the market Capitalization per the screener snapshot, and no consensus EPS estimate was supplied for the November 13, 2026 report, which is flagged for before the market opens.

What Investors Expect From Gravity Co., Ltd. (NASDAQ:GRVY) on November 13, 2026

Per the screener snapshot, Gravity Co., Ltd. reports third quarter 2026 results on November 13, 2026, before the market opens, with no published EPS estimate and a market capitalization of USD 474.68 million. For reference, second quarter basic and diluted EPS was KRW 3,503 (USD 2.26 at the release conversion of KRW 1,548.78 per USD), versus KRW 4,230 in the first quarter and KRW 1,906 a year earlier. First-half revenue was KRW 308,204 million versus KRW 323,762 million, and first-half net profit to the parent was KRW 35,283 million versus KRW 53,735 million.

The Rationale: Last Reported Quarter and Management Outlook for Gravity Co., Ltd. (NASDAQ:GRVY)

In the second quarter, mobile game revenue was KRW 128,611 million, down 10.7% year on year, online game revenue was KRW 29,660 million, up 35.0%, and other revenue was KRW 3,613 million. Mobile titles made up about 79% of revenue. Operating expenses fell 33.2% year on year to KRW 24,761 million on lower Advertising spend, while cost of revenue was KRW 109,541 million. The company launched several titles in June and July 2026 and scheduled Ragnarok Zero for Southeast Asia, Europe and Oceania on August 18, 2026, with further launches in the fourth quarter and 2027. The release contained no formal numerical guidance.

Valuation, Liquidity and Risks for Gravity Co., Ltd. (NASDAQ:GRVY)

Market value was USD 474.68 million per the screener snapshot. Cash and equivalents were KRW 210,058 million and short-term financial instruments were KRW 439,173 million at June 30, 2026, which the release converts to USD 419.2 million in total, about 88% of the Market Value (calculated). Total Equity was KRW 700,283 million and total Assets were KRW 815,075 million. Risks include dependence on the Ragnarok franchise, mobile revenue decline, licensing and launch timing, currency moves between the won and the dollar, and regional Demand shifts. An EPS estimate was not found in the snapshot, so comparisons rely on reported results.

Where Things Stand

Where things stand: Gravity Co., Ltd. (NASDAQ:GRVY) reports with no published EPS estimate and a market capitalization of USD 474.68 million per the screener snapshot. The second quarter combined flat revenue of KRW 161,884 million with an operating profit of KRW 27,582 million, helped by lower advertising and cost of revenue, and a Balance Sheet holding KRW 649,231 million of cash and short-term instruments. Investors will watch how the July launches and the August release of Ragnarok Zero affect mobile revenue, whether operating expenses rise from the second quarter level, and the company investor presentation for its business plan. This is information only and not Investment advice.