Doubledown Interactive Co., Ltd. Financials

DDI

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2024 Currency USD FYE December

Financial Health Signals

Financial Profile 68/100

Based on FY2023 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

100

Doubledown Interactive Co., Ltd. has an operating margin of 38.3%, meaning the company retains $38 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is up from -97.8% the prior year.

Growth

Doubledown Interactive Co., Ltd.'s revenue declined 3.8% year-over-year, from $321.0M to $308.9M. This contraction results in a growth score of 18/100.

Leverage

100

Doubledown Interactive Co., Ltd. carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

100

With a current ratio of 4.61, Doubledown Interactive Co., Ltd. holds $4.61 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Cash Flow

Doubledown Interactive Co., Ltd. has a free cash flow margin of 6.7%, earning a moderate score of 33/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Doubledown Interactive Co., Ltd.'s ROE of 13.9% shows moderate profitability relative to equity, earning a score of 55/100.

Altman Z-Score Safe

5.26

Doubledown Interactive Co., Ltd. scores 5.26, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($433.6M) relative to total liabilities ($75.5M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Neutral

6/9

Doubledown Interactive Co., Ltd. passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, all 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Low Quality

0.21x

For every $1 of reported earnings, Doubledown Interactive Co., Ltd. generates $0.21 in operating cash flow ($20.8M OCF vs $100.9M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage Safe

65.7x

Doubledown Interactive Co., Ltd. earns $65.7 in operating income for every $1 of interest expense ($118.2M vs $1.8M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

This page shows Doubledown Interactive Co., Ltd. (DDI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

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Key Financial Metrics

Revenue

$308.9M

YoY-3.8%

Doubledown Interactive Co., Ltd. generated $308.9M in revenue in fiscal year 2023. This represents a decrease of 3.8% from the prior year.

EBITDA

$118.9M

YoY+138.4%

Doubledown Interactive Co., Ltd.'s EBITDA was $118.9M in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 138.4% from the prior year.

Free Cash Flow

$20.6M

YoY-59.2%

Doubledown Interactive Co., Ltd. generated $20.6M in free cash flow in fiscal year 2023, representing cash available after capex. This represents a decrease of 59.2% from the prior year.

Net Income

$100.9M

YoY+143.1%

Doubledown Interactive Co., Ltd. reported $100.9M in net income in fiscal year 2023. This represents an increase of 143.1% from the prior year.

EPS (Diluted)

$40.72

YoY+143.1%

Doubledown Interactive Co., Ltd. earned $40.72 per diluted share (EPS) in fiscal year 2023. This represents an increase of 143.1% from the prior year.

Cash & Debt

$206.9M

YoY-4.8%

Doubledown Interactive Co., Ltd. held $206.9M in cash against $0 in long-term debt as of fiscal year 2023.

Dividends Per Share

N/A

Shares Outstanding

YoY+0.0%

Doubledown Interactive Co., Ltd. had 2M shares outstanding in fiscal year 2023. This represents an increase of 0.0% from the prior year.

Gross Margin

N/A

Operating Margin

38.3%

YoY+136.0pp

Doubledown Interactive Co., Ltd.'s operating margin was 38.3% in fiscal year 2023, reflecting core business profitability. This is up 136.0 percentage points from the prior year.

Net Margin

32.7%

YoY+105.5pp

Doubledown Interactive Co., Ltd.'s net profit margin was 32.7% in fiscal year 2023, showing the share of revenue converted to profit. This is up 105.5 percentage points from the prior year.

Return on Equity

13.9%

Doubledown Interactive Co., Ltd.'s ROE was 13.9% in fiscal year 2023, measuring profit generated per dollar of shareholder equity.

R&D Spending

$19.1M

YoY+5.2%

Doubledown Interactive Co., Ltd. invested $19.1M in research and development in fiscal year 2023. This represents an increase of 5.2% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$198K

YoY-26.4%

Doubledown Interactive Co., Ltd. invested $198K in capex in fiscal year 2023, funding long-term assets and infrastructure. This represents a decrease of 26.4% from the prior year.

DDI Income Statement

Metric	FY23	FY22	FY21	FY20	FY19
Revenue	$308.9M-3.8%	$321.0M-11.6%	$363.2M+1.4%	$358.3M+31.0%	$273.6M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A
R&D Expenses	$19.1M+5.2%	$18.2M-1.7%	$18.5M-1.6%	$18.8M-2.4%	$19.2M
SG&A Expenses	$22.1M+10.2%	$20.1M+4.8%	$19.1M-11.9%	$21.7M+26.3%	$17.2M
Operating Income	$118.2M+137.7%	-$313.9M-417.9%	$98.7M+11.2%	$88.8M+30.0%	$68.3M
Interest Expense	$1.8M-1.8%	$1.8M-9.0%	$2.0M-81.4%	$10.8M-59.4%	$26.6M
Income Tax	$30.2M+142.4%	-$71.2M-416.3%	$22.5M+4.2%	$21.6M+59.5%	$13.5M
Net Income	$100.9M+143.1%	-$234.0M-399.6%	$78.1M+45.7%	$53.6M+47.6%	$36.3M
EPS (Diluted)	$40.72+143.1%	$-94.43-378.5%	$33.91+29.4%	$26.20+19.8%	$21.87

Metric	Q3'24	Q2'24	Q1'24	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22
Revenue	$83.0M-6.0%	$88.2M+0.1%	$88.1M+6.1%	$83.1M+10.5%	$75.2M-3.1%	$77.6M+1.9%	$76.2M-3.3%	$78.8M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	$2.5M-20.5%	$3.2M-2.0%	$3.3M-30.1%	$4.7M-8.1%	$5.1M+0.5%	$5.0M+12.6%	$4.5M-4.5%	$4.7M
SG&A Expenses	$10.7M+6.3%	$10.1M-7.0%	$10.9M+43.5%	$7.6M+66.8%	$4.5M-15.0%	$5.3M+107.9%	-$67.2M-1494.2%	$4.8M
Operating Income	$35.2M-2.6%	$36.2M+16.5%	$31.1M-12.8%	$35.6M+29.3%	$27.5M+8.4%	$25.4M+110.4%	-$245.2M-440.9%	-$45.3M
Interest Expense	$457K+7.3%	$426K+4.2%	$409K-10.5%	$457K+4.8%	$436K-5.6%	$462K-2.9%	$476K+10.4%	$431K
Income Tax	$8.8M-6.2%	$9.4M+17.3%	$8.0M-1.3%	$8.1M+7.1%	$7.6M+11.9%	$6.8M+111.2%	-$60.3M-1123.7%	-$4.9M
Net Income	$25.0M-24.5%	$33.2M+9.5%	$30.3M+16.9%	$25.9M+6.4%	$24.4M+2.9%	$23.7M+112.2%	-$194.4M-710.1%	-$24.0M
EPS (Diluted)	$10.11-24.5%	$13.39+9.5%	$12.23+16.8%	$10.47+6.5%	$9.83+2.9%	$9.55+112.2%	$-78.45-709.6%	$-9.69

DDI Balance Sheet

Metric	FY23	FY22	FY21	FY20	FY19
Total Assets	$803.3M+1.4%	$792.1M-18.3%	$969.8M+20.2%	$806.8M-1.1%	$815.4M
Current Assets	$315.8M+0.9%	$312.9M+15.6%	$270.8M+199.2%	$90.5M+37.4%	$65.9M
Cash & Equivalents	$206.9M-4.8%	$217.4M-10.2%	$242.1M+283.1%	$63.2M+49.0%	$42.4M
Inventory	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A
Goodwill	$396.7M+4.7%	$379.1M-40.2%	$634.0M0.0%	$634.0M0.0%	$634.0M
Total Liabilities	$75.5M-54.5%	$165.8M+56.5%	$105.9M-1.3%	$107.3M-75.3%	$434.7M
Current Liabilities	$68.5M-41.2%	$116.5M+459.9%	$20.8M-18.9%	$25.6M-49.2%	$50.5M
Long-Term Debt	$0-100.0%	$39.5M-6.5%	$42.2M-8.2%	$46.0M-86.6%	$342.5M
Total Equity	$727.7M+16.2%	$626.2M-27.5%	$863.9M+23.5%	$699.5M+83.8%	$380.7M
Retained Earnings	$327.3M+44.6%	$226.4M+53.2%	$147.8M+112.1%	$69.7M+333.4%	$16.1M

Metric	Q3'24	Q2'24	Q1'24	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22
Total Assets	$879.8M+3.2%	$852.6M+2.6%	$831.0M+3.4%	$803.3M+8.5%	$740.7M-8.7%	$811.3M+2.4%	$792.1M	N/A
Current Assets	$415.9M+9.2%	$380.9M+7.7%	$353.7M+12.0%	$315.8M+13.9%	$277.2M-18.4%	$339.7M+8.6%	$312.9M	N/A
Cash & Equivalents	$292.7M+8.7%	$269.2M+28.3%	$209.9M+1.4%	$206.9M+12.2%	$184.5M-26.5%	$250.9M+15.5%	$217.4M-30.0%	$310.5M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$396.9M+0.2%	$396.2M0.0%	$396.4M-0.1%	$396.7M+4.7%	$379.1M0.0%	$379.1M0.0%	$379.1M	N/A
Total Liabilities	$64.2M-3.2%	$66.3M-12.4%	$75.7M+0.3%	$75.5M+11.1%	$67.9M-58.3%	$162.8M-1.8%	$165.8M	N/A
Current Liabilities	$19.6M-4.0%	$20.4M-70.2%	$68.4M-0.2%	$68.5M+18.7%	$57.7M-49.6%	$114.4M-1.8%	$116.5M	N/A
Long-Term Debt	$37.9M+5.3%	$36.0M	$0	$0	$0-100.0%	$38.3M-2.8%	$39.5M	N/A
Total Equity	$815.5M+3.7%	$786.2M+4.1%	$755.2M+3.8%	$727.7M+8.2%	$672.8M+3.7%	$648.6M+3.6%	$626.2M-23.0%	$813.0M
Retained Earnings	$415.8M+6.4%	$390.8M+9.3%	$357.6M+9.3%	$327.3M+19.3%	$274.4M+9.7%	$250.1M+10.5%	$226.4M	N/A

DDI Cash Flow Statement

Metric	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$20.8M-59.0%	$50.8M-47.2%	$96.1M-3.8%	$99.8M+30.2%	$76.7M
Capital Expenditures	$198K-26.4%	$269K+30.0%	$207K-4.6%	$217K+8.5%	$200K
Free Cash Flow	$20.6M-59.2%	$50.5M-47.3%	$95.9M-3.7%	$99.6M+30.3%	$76.5M
Investing Cash Flow	-$30.3M+55.4%	-$67.8M-3655.8%	-$1.8M+17.0%	-$2.2M-987.5%	-$200K
Financing Cash Flow	$0	$0-100.0%	$86.0M+212.8%	-$76.3M-23.4%	-$61.8M
Dividends Paid	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A

Metric	Q3'24	Q2'24	Q1'24	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22
Operating Cash Flow	$31.8M-7.4%	$34.4M-1.5%	$34.9M+17.5%	$29.7M+152.3%	-$56.8M-395.5%	$19.2M+192.0%	-$20.9M-194.2%	$22.2M
Capital Expenditures	$275K+13650.0%	$2K-85.7%	$14K-44.0%	$25K-67.9%	$78K+95.0%	$40K-61.9%	$105K+61.5%	$65K
Free Cash Flow	$31.6M-8.2%	$34.4M-1.5%	$34.9M+17.6%	$29.7M+152.2%	-$56.9M-396.6%	$19.2M+191.3%	-$21.0M-195.0%	$22.1M
Investing Cash Flow	-$10.4M-138.2%	$27.2M+185.0%	-$31.9M+44.1%	-$57.2M-509.2%	-$9.4M-165.3%	$14.4M+121.3%	-$67.5M-171.7%	$94.2M
Financing Cash Flow	-$171K-14.8%	-$149K	$0	$0	$0	$0	$0	$0
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

DDI Financial Ratios

Metric	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A
Operating Margin	38.3%+136.0pp	-97.8%-125.0pp	27.2%+2.4pp	24.8%-0.2pp	25.0%
Net Margin	32.7%+105.5pp	-72.9%-94.4pp	21.5%+6.6pp	15.0%+1.7pp	13.3%
Return on Equity	13.9%	N/A	9.0%+1.4pp	7.7%-1.9pp	9.5%
Return on Assets	12.6%+42.1pp	-29.5%-37.6pp	8.1%+1.4pp	6.7%+2.2pp	4.5%
Current Ratio	4.61+1.9	2.69-10.3	13.01+9.5	3.53+2.2	1.30
Debt-to-Equity	0.00-0.1	0.06+0.0	0.05-0.0	0.07-0.8	0.90
FCF Margin	6.7%-9.1pp	15.7%-10.7pp	26.4%-1.4pp	27.8%-0.2pp	28.0%

Metric	Q3'24	Q2'24	Q1'24	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	42.5%+1.5pp	41.0%+5.8pp	35.2%-7.6pp	42.8%+6.2pp	36.6%+3.9pp	32.7%+354.7pp	-322.0%-264.4pp	-57.5%
Net Margin	30.2%-7.4pp	37.6%+3.2pp	34.4%+3.2pp	31.2%-1.2pp	32.4%+1.9pp	30.5%+285.8pp	-255.2%-224.8pp	-30.5%
Return on Equity	3.1%-1.1pp	4.2%+0.2pp	4.0%+0.4pp	3.6%-0.1pp	3.6%-0.0pp	3.6%	N/A	N/A
Return on Assets	2.9%-1.0pp	3.9%+0.2pp	3.6%+0.4pp	3.2%-0.1pp	3.3%+0.4pp	2.9%+27.5pp	-24.6%	N/A
Current Ratio	21.25+2.6	18.68+13.5	5.18+0.6	4.61-0.2	4.80+1.8	2.97+0.3	2.69	N/A
Debt-to-Equity	0.050.0	0.05+0.0	0.000.0	0.000.0	0.00-0.1	0.060.0	0.06	N/A
FCF Margin	38.0%-0.9pp	39.0%-0.6pp	39.6%+3.9pp	35.7%+111.4pp	-75.7%-100.4pp	24.7%+52.3pp	-27.6%-55.6pp	28.1%

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Frequently Asked Questions

What is Doubledown Interactive Co., Ltd.'s annual revenue?

Doubledown Interactive Co., Ltd. (DDI) reported $308.9M in total revenue for fiscal year 2023. This represents a -3.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Doubledown Interactive Co., Ltd.'s revenue growing?

Doubledown Interactive Co., Ltd. (DDI) revenue declined by 3.8% year-over-year, from $321.0M to $308.9M in fiscal year 2023.

Is Doubledown Interactive Co., Ltd. profitable?

Yes, Doubledown Interactive Co., Ltd. (DDI) reported a net income of $100.9M in fiscal year 2023, with a net profit margin of 32.7%.

What is Doubledown Interactive Co., Ltd.'s earnings per share (EPS)?

Doubledown Interactive Co., Ltd. (DDI) reported diluted earnings per share of $40.72 for fiscal year 2023. This represents a 143.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Doubledown Interactive Co., Ltd.'s EBITDA?

Doubledown Interactive Co., Ltd. (DDI) had EBITDA of $118.9M in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Doubledown Interactive Co., Ltd. have?

As of fiscal year 2023, Doubledown Interactive Co., Ltd. (DDI) had $206.9M in cash and equivalents against $0 in long-term debt.

What is Doubledown Interactive Co., Ltd.'s operating margin?

Doubledown Interactive Co., Ltd. (DDI) had an operating margin of 38.3% in fiscal year 2023, reflecting the profitability of core business operations before interest and taxes.

What is Doubledown Interactive Co., Ltd.'s net profit margin?

Doubledown Interactive Co., Ltd. (DDI) had a net profit margin of 32.7% in fiscal year 2023, representing the share of revenue converted into profit after all expenses.

What is Doubledown Interactive Co., Ltd.'s return on equity (ROE)?

Doubledown Interactive Co., Ltd. (DDI) has a return on equity of 13.9% for fiscal year 2023, measuring how efficiently the company generates profit from shareholder equity.

What is Doubledown Interactive Co., Ltd.'s free cash flow?

Doubledown Interactive Co., Ltd. (DDI) generated $20.6M in free cash flow during fiscal year 2023. This represents a -59.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Doubledown Interactive Co., Ltd.'s operating cash flow?

Doubledown Interactive Co., Ltd. (DDI) generated $20.8M in operating cash flow during fiscal year 2023, representing cash generated from core business activities.

What are Doubledown Interactive Co., Ltd.'s total assets?

Doubledown Interactive Co., Ltd. (DDI) had $803.3M in total assets as of fiscal year 2023, including both current and long-term assets.

What are Doubledown Interactive Co., Ltd.'s capital expenditures?

Doubledown Interactive Co., Ltd. (DDI) invested $198K in capital expenditures during fiscal year 2023, funding long-term assets and infrastructure.

How much does Doubledown Interactive Co., Ltd. spend on research and development?

Doubledown Interactive Co., Ltd. (DDI) invested $19.1M in research and development during fiscal year 2023.

How many shares does Doubledown Interactive Co., Ltd. have outstanding?

Doubledown Interactive Co., Ltd. (DDI) had 2M shares outstanding as of fiscal year 2023.

What is Doubledown Interactive Co., Ltd.'s current ratio?

Doubledown Interactive Co., Ltd. (DDI) had a current ratio of 4.61 as of fiscal year 2023, which is generally considered healthy.

What is Doubledown Interactive Co., Ltd.'s debt-to-equity ratio?

Doubledown Interactive Co., Ltd. (DDI) had a debt-to-equity ratio of 0.00 as of fiscal year 2023, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Doubledown Interactive Co., Ltd.'s return on assets (ROA)?

Doubledown Interactive Co., Ltd. (DDI) had a return on assets of 12.6% for fiscal year 2023, measuring how efficiently the company uses its assets to generate profit.

What is Doubledown Interactive Co., Ltd.'s Altman Z-Score?

Doubledown Interactive Co., Ltd. (DDI) has an Altman Z-Score of 5.26, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Doubledown Interactive Co., Ltd.'s Piotroski F-Score?

Doubledown Interactive Co., Ltd. (DDI) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Doubledown Interactive Co., Ltd.'s earnings high quality?

Doubledown Interactive Co., Ltd. (DDI) has an earnings quality ratio of 0.21x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Doubledown Interactive Co., Ltd. cover its interest payments?

Doubledown Interactive Co., Ltd. (DDI) has an interest coverage ratio of 65.7x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Doubledown Interactive Co., Ltd.?

Doubledown Interactive Co., Ltd. (DDI) scores 68 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.