Income Statement Devolver Digital, Inc.

Equities

DEVO

USU0858L1036

Internet Services

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Jan. 27	CD Projekt says "Reigns: The Witcher" game to debut on February 25	RE
25-09-29	EARNINGS: Devolver Digital slims loss; Helios Underwriting sets tender	AN

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Published financial data: DEVOLVER DIGITAL, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2022	2023	2024
Revenues	135M	92.36M	105M
Total Revenues	135M	92.36M	105M
Cost of Goods Sold, Total	89.9M	65.38M	63.78M
Gross Profit	44.66M	26.97M	41M
Selling General & Admin Expenses, Total	121M	38.54M	44.43M
Other Operating Expenses	-214K	-1.01M	-1.5M
Other Operating Expenses, Total	121M	37.53M	42.93M
Operating Income	-76.21M	-10.55M	-1.93M
Interest Expense, Total	-	-58K	-288K
Interest And Investment Income	364K	1.36M	769K
Net Interest Expenses	364K	1.3M	481K
EBT, Excl. Unusual Items	-75.84M	-9.25M	-1.45M
Asset Writedown	-22.16M	-2.46M	-4.53M
Other Unusual Items	-763K	-	-710K
EBT, Incl. Unusual Items	-98.76M	-11.7M	-6.69M
Income Tax Expense	-7.26M	1.02M	-328K
Earnings From Continuing Operations	-91.5M	-12.72M	-6.36M
Net Income to Company	-91.5M	-12.72M	-6.36M
Minority Interest	25K	-18K	218K
Net Income - (IS)	-91.48M	-12.74M	-6.14M
Net Income to Common Incl Extra Items	-91.48M	-12.74M	-6.14M
Net Income to Common Excl. Extra Items	-91.48M	-12.74M	-6.14M
Per Share Items
Net EPS - Basic	-0.21	-0.03	-0.01
Basic EPS - Continuing Operations	-0.21	-0.03	-0.01
Basic Weighted Average Shares Outstanding	443M	445M	457M
Net EPS - Diluted	-0.26	-0.03	-0.01
Diluted EPS - Continuing Operations	-0.26	-0.03	-0.01
Diluted Weighted Average Shares Outstanding	443M	445M	457M
Normalized Basic EPS	-0.11	-0.01	-0
Normalized Diluted EPS	-0.11	-0.01	-0
Supplemental Items
EBITDA	-70.75M	-6.48M	5.72M
EBITA	-70.91M	-6.64M	5.57M
EBIT	-76.21M	-10.55M	-1.93M
EBITDAR	-70.76M	-	-
Effective Tax Rate - (Ratio)	7.35	-8.71	4.9
Total Current Taxes	8.93M	2.81M	-615K
Total Deferred Taxes	-16.2M	-1.79M	287K
Normalized Net Income	-47.38M	-5.8M	-688K
Interest on Long-Term Debt	-	28K	151K
Supplemental Operating Expense Items
Marketing Expenses	9.15M	7.32M	6.41M
Selling and Marketing Expenses	-	-	6.41M
General and Administrative Expenses	121M	38.54M	38.02M
Research And Development Expense From Footnotes	41.47M	18.37M	25.2M
Net Rental Expense, Total	-5K	-	-
Stock-Based Comp., Other (Total)	19.62M	5.53M	3.51M
Total Stock-Based Compensation	19.62M	5.53M	3.51M

Fiscal Period: December	2022	2023	2024
Assets
Cash And Equivalents	79.49M	42.65M	41.64M
Short Term Investments	-	-	464K
Total Cash And Short Term Investments	79.49M	42.65M	42.11M
Accounts Receivable, Total	2.77M	695K	1.54M
Other Receivables	12.64M	11.9M	13.58M
Notes Receivable	722K	549K	1.31M
Total Receivables	16.13M	13.15M	16.42M
Prepaid Expenses	1.21M	1.12M	874K
Other Current Assets, Total	2.18M	2.35M	1.57M
Total Current Assets	99.02M	59.27M	60.98M
Gross Property Plant And Equipment	482K	1.71M	2M
Accumulated Depreciation	-308K	-494K	-869K
Net Property Plant And Equipment	174K	1.22M	1.13M
Goodwill	19.15M	31.96M	31.9M
Other Intangibles, Total	65.92M	95.94M	99.34M
Loans Receivable Long-Term	463K	320K	327K
Deferred Tax Assets Long-Term	10.09M	8.1M	7.55M
Total Assets	195M	197M	201M
Liabilities
Accounts Payable, Total	10.99M	7.14M	3.52M
Accrued Expenses, Total	5.73M	9.08M	12.85M
Current Portion of Leases	-	155K	228K
Current Income Taxes Payable	894K	6.46M	3.99M
Unearned Revenue Current, Total	2.09M	634K	3.95M
Other Current Liabilities	400K	2.5M	8K
Total Current Liabilities	20.1M	25.97M	24.54M
Long-Term Leases	-	873K	876K
Unearned Revenue Non Current	-	1.31M	-
Deferred Tax Liability Non Current	1.04M	259K	-
Other Non Current Liabilities	3.04M	10.36M	10.57M
Total Liabilities	24.19M	38.77M	35.99M
Common Stock, Total	45K	45K	47K
Additional Paid In Capital	146M	146M	158M
Retained Earnings	54.62M	47.09M	43.51M
Comprehensive Income and Other	-29.97M	-35.12M	-35.71M
Total Common Equity	171M	158M	166M
Minority Interest	-102K	-84K	-302K
Total Equity	171M	158M	165M
Total Liabilities And Equity	195M	197M	201M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	444M	445M	475M
ECS Total Common Shares Outstanding	444M	445M	475M
Book Value / Share	0.38	0.36	0.35
Tangible Book Value	85.66M	30.22M	34.3M
Tangible Book Value Per Share	0.19	0.07	0.07
Total Debt	0	1.03M	1.1M
Net Debt	-79.49M	-41.62M	-41M
Debt Equivalent Oper. Leases	-40K	-	-
Minority Interest, Total (Incl. Fin. Div)	-102K	-84K	-302K
Account Code - Inventory Valuation	-	3	3
Machinery, Total	482K	724K	775K

Fiscal Period: December	2022	2023	2024
Net Income	-91.48M	-12.74M	-6.14M
Depreciation & Amortization - CF	163K	186K	375K
Amortization of Goodwill and Intangible Assets - (CF)	5.29M	3.92M	7.5M
Depreciation & Amortization, Total	5.46M	4.1M	7.87M
Amortization of Deferred Charges, Total - (CF)	14.79M	11.63M	17.36M
Asset Writedown & Restructuring Costs	92.13M	2.46M	4.53M
Stock-Based Compensation (CF)	19.62M	5.53M	3.51M
Other Operating Activities, Total	-9.04M	1.38M	-4.91M
Change In Accounts Receivable	-2.84M	3.69M	4M
Change In Accounts Payable	517K	-2.1M	-3.96M
Cash from Operations	29.16M	13.96M	22.26M
Capital Expenditure	-66K	-51K	-51K
Cash Acquisitions	-	-18.03M	-
Sale (Purchase) of Intangible assets	-32.64M	-27.88M	-30.65M
Cash from Investing	-32.71M	-45.97M	-30.7M
Long-Term Debt Repaid, Total	-	-22K	-160K
Total Debt Repaid	-	-22K	-160K
Issuance of Common Stock	795K	62K	9.78M
Repurchase of Common Stock	-2.51M	-6.82M	-
Other Financing Activities, Total	360K	1.28M	580K
Cash from Financing	-1.36M	-5.5M	10.2M
Foreign Exchange Rate Adjustments	-1.84M	672K	-543K
Net Change in Cash	-6.75M	-36.84M	1.22M
Supplemental Items
Cash Interest Paid	2K	58K	171K
Cash Income Tax Paid (Refund)	2.06M	-1.64M	1.53M
Levered Free Cash Flow	-45.14M	-4.67M	-7.09M
Unlevered Free Cash Flow	-45.14M	-4.64M	-6.91M
Change In Net Working Capital	4.67M	-8.63M	3.75M
Net Debt Issued / Repaid	-	-22K	-160K

Fiscal Period: December	2022	2023	2024
Profitability
Return on Assets	-20.1	-3.37	-0.61
Return on Total Capital	-22.89	-4	-0.74
Return On Equity %	-43.98	-7.74	-3.93
Return on Common Equity	-43.95	-7.75	-3.79
Margin Analysis
Gross Profit Margin %	33.19	29.21	39.13
SG&A Margin	89.98	41.73	42.4
EBITDA Margin %	-52.58	-7.02	5.46
EBITA Margin %	-52.7	-7.18	5.31
EBIT Margin %	-56.63	-11.43	-1.84
Income From Continuing Operations Margin %	-68	-13.78	-6.07
Net Income Margin %	-67.98	-13.8	-5.86
Net Avail. For Common Margin %	-67.98	-13.8	-5.86
Normalized Net Income Margin	-35.21	-6.28	-0.66
Levered Free Cash Flow Margin	-33.54	-5.06	-6.77
Unlevered Free Cash Flow Margin	-33.54	-5.02	-6.6
Asset Turnover
Asset Turnover	0.57	0.47	0.53
Fixed Assets Turnover	674.51	132.6	89.25
Receivables Turnover (Average Receivables)	13.07	53.26	93.85
Short Term Liquidity
Current Ratio	4.93	2.28	2.48
Quick Ratio	4.72	2.13	2.33
Operating Cash Flow to Current Liabilities	1.45	0.54	0.91
Days Sales Outstanding (Average Receivables)	27.92	6.85	3.9
Average Days Payable Outstanding	58.51	50.61	30.59
Long Term Solvency
Total Debt/Equity	-	0.65	0.67
Total Debt / Total Capital	-	0.65	0.66
LT Debt/Equity	-	0.55	0.53
Long-Term Debt / Total Capital	-	0.55	0.53
Total Liabilities / Total Assets	12.42	19.7	17.89
EBIT / Interest Expense	-	-181.95	-6.7
EBITDA / Interest Expense	-	-111.19	20.63
(EBITDA - Capex) / Interest Expense	-	-112.07	20.45
Total Debt / EBITDA	-	-0.16	0.19
Net Debt / EBITDA	1.12	6.45	-6.9
Total Debt / (EBITDA - Capex)	-	-0.16	0.19
Net Debt / (EBITDA - Capex)	1.12	6.4	-6.96
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	37.1	-31.37	13.45
Gross Profit, 1 Yr. Growth %	13.84	-39.61	19.56
EBITDA, 1 Yr. Growth %	-222.87	-90.83	-246.84
EBITA, 1 Yr. Growth %	-223.26	-90.64	-237.57
EBIT, 1 Yr. Growth %	-246.89	-86.15	-75.75
Earnings From Cont. Operations, 1 Yr. Growth %	-381.96	-86.09	-50.02
Net Income, 1 Yr. Growth %	-382.56	-86.07	-51.81
Normalized Net Income, 1 Yr. Growth %	-246.43	-87.76	-83.54
Diluted EPS Before Extra, 1 Yr. Growth %	-429.12	-88.85	-53.66
Accounts Receivable, 1 Yr. Growth %	-84.43	-74.94	121.29
Net Property, Plant and Equip., 1 Yr. Growth %	-22.67	600.57	-7.38
Total Assets, 1 Yr. Growth %	-30.21	1.02	2.24
Tangible Book Value, 1 Yr. Growth %	4.28	-64.72	13.5
Common Equity, 1 Yr. Growth %	-30.47	-7.39	4.69
Cash From Operations, 1 Yr. Growth %	-283.32	-52.13	89.8
Capital Expenditures, 1 Yr. Growth %	-	-22.73	0
Levered Free Cash Flow, 1 Yr. Growth %	-123.52	-89.65	132.27
Unlevered Free Cash Flow, 1 Yr. Growth %	-123.52	-89.73	129.09
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-20.47	-3	-11.76
Gross Profit, 2 Yr. CAGR %	-30.21	-17.08	-4.19
EBITDA, 2 Yr. CAGR %	-4.65	-66.44	-71.56
EBITA, 2 Yr. CAGR %	-4.52	-66.04	-71.98
EBIT, 2 Yr. CAGR %	-0.62	-54.9	-84.08
Earnings From Cont. Operations, 2 Yr. CAGR %	19.48	-37.38	-73.64
Net Income, 2 Yr. CAGR %	19.47	-37.26	-74.09
Normalized Net Income, 2 Yr. CAGR %	-0.88	-57.66	-87.95
Diluted EPS Before Extra, 2 Yr. CAGR %	22.24	-39.41	-77.27
Accounts Receivable, 2 Yr. CAGR %	-58.17	-80.25	-25.53
Net Property, Plant and Equip., 2 Yr. CAGR %	82.92	132.76	154.73
Total Assets, 2 Yr. CAGR %	31.2	-16.03	1.63
Tangible Book Value, 2 Yr. CAGR %	108.09	-39.35	-36.72
Common Equity, 2 Yr. CAGR %	54.51	-19.75	-1.53
Cash From Operations, 2 Yr. CAGR %	-36.48	-6.32	-12.61
Capital Expenditures, 2 Yr. CAGR %	-	-	-12.1
Levered Free Cash Flow, 2 Yr. CAGR %	-	-84.4	-60.36
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-84.46	-60.87
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-24.28	2.2
Gross Profit, 3 Yr. CAGR %	-	-33.49	1.48
EBITDA, 3 Yr. CAGR %	-	-56.32	-53.68
EBITA, 3 Yr. CAGR %	-	-55.98	-54.09
EBIT, 3 Yr. CAGR %	-	-48.48	-66.61
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-41.66	-41.92
Net Income, 3 Yr. CAGR %	-	-41.64	-42.54
Normalized Net Income, 3 Yr. CAGR %	-	-50.64	-72.29
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-44.97	-44.59
Accounts Receivable, 3 Yr. CAGR %	-	-64.73	-55.8
Net Property, Plant and Equip., 3 Yr. CAGR %	-	186.2	71.2
Total Assets, 3 Yr. CAGR %	-	20.25	-10.34
Tangible Book Value, 3 Yr. CAGR %	-	15.17	-25.26
Common Equity, 3 Yr. CAGR %	-	30.28	-12.32
Cash From Operations, 3 Yr. CAGR %	-	-42.19	11.87
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-66.69
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-66.97