Doubledown (DDI) | Financial Analysis & Statements
Doubledown Interactive Co. Ltd. ADR Small-cap Communication Services
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Dec 2025Income Metrics
Revenue
95.8M
Gross Profit
69.9M
73.00%
Operating Income
37.9M
39.60%
Net Income
24.1M
25.17%
EPS (Diluted)
$0.49
Balance Sheet Metrics
Total Assets
1.0B
Total Liabilities
90.2M
Shareholders Equity
950.4M
Debt to Equity
0.09
Cash Flow Metrics
Operating Cash Flow
36.4M
Free Cash Flow
42.5M
Revenue & Profitability Trend
Quarter Income Flow
Dec 31, 2025
Annual Income Flow
2025
Doubledown Income Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 359.9M | 341.3M | 308.9M | 321.0M | 363.2M |
| Cost of Goods Sold | 101.6M | 103.5M | 99.1M | 109.3M | 126.6M |
| Gross Profit | 258.4M | 237.8M | 209.8M | 211.7M | 236.6M |
| Gross Margin % | 71.8% | 69.7% | 67.9% | 66.0% | 65.1% |
| Operating Expenses | |||||
| Research & Development | 12.0M | 13.9M | 19.1M | 18.2M | 18.5M |
| Selling, General & Administrative | 111.5M | 87.2M | 71.7M | 92.0M | 98.0M |
| Other Operating Expenses | - | - | - | - | - |
| Total Operating Expenses | 123.5M | 101.1M | 90.9M | 110.2M | 116.4M |
| Operating Income | 134.9M | 136.7M | 118.2M | 97.8M | 102.2M |
| Operating Margin % | 37.5% | 40.0% | 38.3% | 30.5% | 28.1% |
| Non-Operating Items | |||||
| Interest Income | 16.3M | 15.7M | 13.7M | 5.0M | 208.0K |
| Interest Expense | 1.9M | 2.0M | 1.8M | 1.8M | 2.0M |
| Other Non-Operating Income | -9.4M | 12.6M | 1.1M | -406.1M | 184.0K |
| Pre-tax Income | 139.8M | 162.9M | 131.1M | -305.2M | 100.6M |
| Income Tax | 37.2M | 38.4M | 30.2M | -71.2M | 22.5M |
| Effective Tax Rate % | 26.6% | 23.6% | 23.0% | 0.0% | 22.4% |
| Net Income | 102.7M | 124.4M | 100.9M | -234.0M | 78.1M |
| Net Margin % | 28.5% | 36.5% | 32.7% | -72.9% | 21.5% |
| Key Metrics | |||||
| EBITDA | 158.7M | 157.7M | 132.6M | 106.4M | 121.0M |
| EPS (Basic) | $2.07 | $2.50 | $2.03 | $-4.72 | $1.70 |
| EPS (Diluted) | $2.07 | $2.50 | $2.03 | $-4.72 | $1.70 |
| Basic Shares Outstanding | 49553440 | 49553440 | 49553440 | 49553440 | 46064000 |
| Diluted Shares Outstanding | 49553440 | 49553440 | 49553440 | 49553440 | 46064000 |
Income Statement Trend
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Doubledown Balance Sheet From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | |||||
| Cash & Equivalents | 388.0M | 334.8M | 206.9M | 217.4M | 242.1M |
| Short-term Investments | 101.1M | 80.0M | 67.8M | 67.9M | 0 |
| Accounts Receivable | 32.0M | 30.8M | 32.5M | 21.2M | 21.9M |
| Inventory | - | - | - | - | - |
| Other Current Assets | 46.0K | 7.6M | 8.6M | 6.4M | 6.8M |
| Total Current Assets | 527.6M | 453.2M | 315.8M | 312.9M | 270.8M |
| Non-Current Assets | |||||
| Property, Plant & Equipment | 0 | 0 | 7.6M | 4.3M | 384.0K |
| Goodwill | 933.2M | 839.3M | 845.0M | 793.2M | 1.3B |
| Intangible Assets | 79.9M | 47.7M | 51.6M | 35.1M | 53.7M |
| Long-term Investments | - | - | - | - | - |
| Other Non-Current Assets | 1.1M | 4.1M | 31.7M | 60.8M | 4.2M |
| Total Non-Current Assets | 513.0M | 452.9M | 487.6M | 479.2M | 699.1M |
| Total Assets | 1.0B | 906.2M | 803.3M | 792.1M | 969.8M |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | 17.1M | 2.9M | 13.3M | 13.8M | 14.8M |
| Short-term Debt | 36.3M | 1.2M | 41.9M | 3.0M | 3.1M |
| Current Portion of Long-term Debt | - | - | - | - | - |
| Other Current Liabilities | 972.0K | - | 10.6M | 97.2M | 730.0K |
| Total Current Liabilities | 68.1M | 23.4M | 68.5M | 116.5M | 20.8M |
| Non-Current Liabilities | |||||
| Long-term Debt | 3.3M | 37.5M | 4.4M | 41.1M | 46.9M |
| Deferred Tax Liabilities | 17.4M | 0 | 848.0K | 0 | 28.3M |
| Other Non-Current Liabilities | 27.0K | 146.0K | 1.7M | 8.3M | 10.0M |
| Total Non-Current Liabilities | 22.0M | 40.7M | 6.9M | 49.3M | 85.1M |
| Total Liabilities | 90.2M | 64.1M | 75.5M | 165.8M | 105.9M |
| Equity | |||||
| Common Stock | 21.2M | 21.2M | 21.2M | 21.2M | 21.2M |
| Retained Earnings | 574.6M | 472.1M | 327.3M | 226.4M | 147.8M |
| Treasury Stock | - | - | - | - | - |
| Other Equity | - | - | - | - | - |
| Total Shareholders Equity | 950.4M | 842.0M | 727.9M | 626.2M | 863.9M |
| Key Metrics | |||||
| Total Debt | 39.6M | 38.7M | 46.4M | 44.1M | 49.9M |
| Working Capital | 459.4M | 429.9M | 247.2M | 196.4M | 249.9M |
Balance Sheet Composition
Doubledown Cash Flow Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 102.7M | 124.4M | 100.9M | -234.0M | 78.1M |
| Depreciation & Amortization | 7.4M | 5.2M | 728.0K | 3.8M | 17.9M |
| Stock-Based Compensation | - | - | - | - | - |
| Working Capital Changes | 2.7M | 8.8M | -110.9M | 94.9M | 2.0M |
| Operating Cash Flow | 136.4M | 163.0M | 20.3M | -220.3M | 104.0M |
| Investing Activities | |||||
| Capital Expenditures | -168.0K | -856.0K | -193.0K | -243.0K | -204.0K |
| Acquisitions | 0 | 0 | -26.9M | 0 | 0 |
| Investment Purchases | -335.2M | -81.0M | -146.4M | -518.6M | -1.5M |
| Investment Sales | 254.5M | 66.2M | 143.2M | 451.0M | 0 |
| Investing Cash Flow | -81.6M | -15.6M | -30.3M | -67.8M | -1.7M |
| Financing Activities | |||||
| Share Repurchases | - | - | - | - | - |
| Dividends Paid | -85.0K | -311.0K | - | - | - |
| Debt Issuance | - | - | - | - | 0 |
| Debt Repayment | -1.3M | -1.7M | - | 0 | 0 |
| Financing Cash Flow | -1.4M | -2.0M | 0 | 0 | 86.0M |
| Free Cash Flow | 136.5M | 147.6M | 20.6M | 50.5M | 95.8M |
| Net Change in Cash | 53.4M | 145.4M | -10.0M | -288.1M | 188.3M |
Cash Flow Trend
Doubledown Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
4.24
Forward P/E
3.76
Price to Book
0.46
Price to Sales
1.21
PEG Ratio
-0.13
Profitability Ratios
Profit Margin
28.48%
Operating Margin
39.61%
Return on Equity
11.45%
Return on Assets
8.67%
Financial Health
Current Ratio
7.74
Debt to Equity
4.17
Beta
0.84
Per Share Data
EPS (TTM)
$2.07
Book Value per Share
$19.18
Revenue per Share
$7.26
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| DDI | 443.5M | 4.24 | 0.46 | 11.45% | 28.48% | 4.17 |
| Electronic Arts | 50.7B | 76.24 | 8.28 | 10.03% | 9.31% | 36.44 |
| Roblox | 39.7B | -36.01 | 107.07 | -367.22% | -21.78% | 480.75 |
| Playtika Holding | 1.2B | 11.42 | -2.99 | 50.17% | -7.49% | -6.16 |
| Gdev | 301.8M | 4.41 | -2.33 | -76.55% | 17.15% | -0.01 |
| GD Culture | 256.7M | 8.90 | 0.51 | -138.87% | 0.00% | 0.23 |
Financial data is updated regularly. All figures are in the company's reporting currency.




