Doubledown Interactive Co., Ltd. Financials

DDI

FY2025 annual

Revenue $359.9M YoY not available

Net Income $102.7M YoY not available

EPS (Diluted) Not reported for FY2025

Free Cash Flow $136.6M YoY not available

Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE March

Doubledown Interactive Co., Ltd. (DDI) reported $359.9M in revenue for fiscal year 2025. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 6 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).

Rhea AI DDI FY2025 2026-08-15

Cash-rich, lightly levered operations let this asset-light business convert earnings into cash with minimal reinvestment.

The FY2022 loss reads more like a balance-sheet reset than a collapse in cash economics. Net income fell to -$234.0M even as operating cash flow stayed positive at $50.8M, and the concurrent decline in goodwill suggests much of the damage was non-cash rather than a breakdown in day-to-day cash generation. Profitability then rebounded without any need to add debt.

By FY2025, earnings quality had improved: operating cash flow of $136.8M was higher than net income of $102.7M. Free cash flow of $136.6M sat almost on top of operating cash flow, showing that maintenance capital needs are tiny. That is a powerful operating mechanic because cash can accumulate instead of being absorbed by equipment or working capital.

The balance sheet pairs very high liquidity with almost no debt dependence: cash reached $388.9M while long-term debt was just $3.3M. Current assets of $527.6M against current liabilities of $68.1M show that short-term obligations are not the binding constraint here. Even with goodwill still making up a large portion of assets, the business appears financed primarily by internally generated cash rather than by creditors.

Financial Health Signals

Financial Health Score 60/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Doubledown Interactive Co., Ltd.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Growth

Doubledown Interactive Co., Ltd.'s revenue surged 16.5% year-over-year to $359.9M, reflecting rapid business expansion. This strong growth earns a score of 54/100.

Leverage

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 89/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

With a current ratio of 7.74, Doubledown Interactive Co., Ltd. holds $7.74 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 95/100.

Cash Flow

Doubledown Interactive Co., Ltd. converts 38.0% of revenue into free cash flow ($136.6M). This strong cash generation earns a score of 91/100.

Returns

Doubledown Interactive Co., Ltd. generates a 10.8% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 18/100. This is down from 13.9% the prior year.

Piotroski F-Score Partial

5/8

Doubledown Interactive Co., Ltd. passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

1.33x

For every $1 of reported earnings, Doubledown Interactive Co., Ltd. generates $1.33 in operating cash flow ($136.8M OCF vs $102.7M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$359.9M

5Y CAGR+5.6%

Doubledown Interactive Co., Ltd. generated $359.9M in revenue in fiscal year 2025.

Net Income

$102.7M

5Y CAGR+23.1%

Doubledown Interactive Co., Ltd. reported $102.7M in net income in fiscal year 2025.

EBITDA

Not reported for fiscal year 2025.

EPS (Diluted)

Not reported for fiscal year 2025.

Cash & Balance Sheet

Free Cash Flow

$136.6M

5Y CAGR+12.3%

Doubledown Interactive Co., Ltd. generated $136.6M in free cash flow in fiscal year 2025, representing cash available after capex.

Cash & Debt

$388.9M

5Y CAGR+55.8%

Doubledown Interactive Co., Ltd. held $388.9M in cash against $3.3M in long-term debt as of fiscal year 2025.

Shares Outstanding

Doubledown Interactive Co., Ltd. had 2M shares outstanding in fiscal year 2025.

Dividends Per Share

Not reported for fiscal year 2025.

Margins & Returns

Net Margin

28.5%

5Y CAGR+15.2pp

Doubledown Interactive Co., Ltd.'s net profit margin was 28.5% in fiscal year 2025, showing the share of revenue converted to profit.

Return on Equity

10.8%

5Y CAGR+1.3pp

Doubledown Interactive Co., Ltd.'s ROE was 10.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.

Gross Margin

Not reported for fiscal year 2025.

Operating Margin

Not reported for fiscal year 2025.

Capital Allocation

Capital Expenditures

$190K

5Y CAGR-1.0%

Doubledown Interactive Co., Ltd. invested $190K in capex in fiscal year 2025, funding long-term assets and infrastructure.

R&D Spending

Not reported for fiscal year 2025.

Share Buybacks

Not reported for fiscal year 2025.

DDI Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

DDI annual income statement

Metric	FY25	FY23	FY22	FY21	FY20	FY19
Revenue	$359.9M	$308.9M-3.8%	$321.0M-11.6%	$363.2M+1.4%	$358.3M+31.0%	$273.6M
R&D Expenses	N/A	$19.1M+5.2%	$18.2M-1.7%	$18.5M-1.6%	$18.8M-2.4%	$19.2M
SG&A Expenses	N/A	$22.1M+10.2%	$20.1M+4.8%	$19.1M-11.9%	$21.7M+26.3%	$17.2M
Operating Income	N/A	$118.2M+137.7%	-$313.9M-417.9%	$98.7M+11.2%	$88.8M+30.0%	$68.3M
Interest Expense	$278K	$1.8M-1.8%	$1.8M-9.0%	$2.0M-81.4%	$10.8M-59.4%	$26.6M
Income Tax	$37.2M	$30.2M+142.4%	-$71.2M-416.3%	$22.5M+4.2%	$21.6M+59.5%	$13.5M
Net Income	$102.7M	$100.9M+143.1%	-$234.0M-399.6%	$78.1M+45.7%	$53.6M+47.6%	$36.3M
EPS (Diluted)	N/A	$40.72+143.1%	-$94.43-378.5%	$33.91+29.4%	$26.20+19.8%	$21.87

Metric	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$83.0M-6.0%	$88.2M+0.1%	$88.1M+6.1%	$83.1M+13.9%	$73.0M-2.9%	$75.2M-3.1%	$77.6M+1.9%	$76.2M
R&D Expenses	$2.5M-20.5%	$3.2M-2.0%	$3.3M-30.1%	$4.7M+6.8%	$4.4M-14.0%	$5.1M+0.5%	$5.0M+12.6%	$4.5M
SG&A Expenses	$10.7M+6.3%	$10.1M-7.0%	$10.9M+43.5%	$7.6M+63.1%	$4.6M+2.3%	$4.5M-15.0%	$5.3M+107.9%	-$67.2M
Operating Income	$35.2M-2.6%	$36.2M+16.5%	$31.1M-12.8%	$35.6M+19.9%	$29.7M+7.8%	$27.5M+8.4%	$25.4M+110.4%	-$245.2M
Interest Expense	$457K+7.3%	$426K+4.2%	$409K-10.5%	$457K+3.2%	$443K+1.6%	$436K-5.6%	$462K-2.9%	$476K
Income Tax	$8.8M-6.2%	$9.4M+17.3%	$8.0M-1.3%	$8.1M+3.9%	$7.8M+3.1%	$7.6M+11.9%	$6.8M+111.2%	-$60.3M
Net Income	$25.0M-24.5%	$33.2M+9.5%	$30.3M+16.9%	$25.9M-3.7%	$26.9M+10.6%	$24.4M+2.9%	$23.7M+112.2%	-$194.4M
EPS (Diluted)	$10.11-24.5%	$13.39+9.5%	$12.23	N/A	$10.87+10.6%	$9.83+2.9%	$9.55	N/A

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit.

No annual filing on record for: FY2024.

DDI Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

DDI annual balance sheet

Metric	FY25	FY23	FY22	FY21	FY20	FY19
Total Assets	$1.0B	$803.3M+1.4%	$792.1M-18.3%	$969.8M+20.2%	$806.8M-1.1%	$815.4M
Current Assets	$527.6M	$315.8M+0.9%	$312.9M+15.6%	$270.8M+199.2%	$90.5M+37.4%	$65.9M
Cash & Equivalents	$388.9M	$206.9M-4.8%	$217.4M-10.2%	$242.1M+283.1%	$63.2M+49.0%	$42.4M
Accounts Receivable	$32.0M	N/A	N/A	N/A	N/A	N/A
Goodwill	$426.7M	$396.7M+4.7%	$379.1M-40.2%	$634.0M0.0%	$634.0M0.0%	$634.0M
Total Liabilities	$90.2M	$75.5M-54.5%	$165.8M+56.5%	$105.9M-1.3%	$107.3M-75.3%	$434.7M
Current Liabilities	$68.1M	$68.5M-41.2%	$116.5M+459.9%	$20.8M-18.9%	$25.6M-49.2%	$50.5M
Long-Term Debt	$3.3M	$0-100.0%	$39.5M-6.5%	$42.2M-8.2%	$46.0M-86.6%	$342.5M
Total Equity	$950.4M	$727.7M+16.2%	$626.2M-27.5%	$863.9M+23.5%	$699.5M+83.8%	$380.7M
Retained Earnings	$574.6M	$327.3M+44.6%	$226.4M+53.2%	$147.8M+112.1%	$69.7M+333.4%	$16.1M

Metric	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$879.8M+3.2%	$852.6M+2.6%	$831.0M+3.4%	$803.3M+5.6%	$760.6M+2.7%	$740.7M-8.7%	$811.3M+2.4%	$792.1M
Current Assets	$415.9M+9.2%	$380.9M+7.7%	$353.7M+12.0%	$315.8M+3.4%	$305.3M+10.2%	$277.2M-18.4%	$339.7M+8.6%	$312.9M
Cash & Equivalents	$292.7M+8.7%	$269.2M+28.3%	$209.9M+1.4%	$206.9M-11.6%	$233.9M+26.8%	$184.5M-26.5%	$250.9M+15.5%	$217.4M
Goodwill	$396.9M+0.2%	$396.2M0.0%	$396.4M-0.1%	$396.7M+4.7%	$379.1M0.0%	$379.1M0.0%	$379.1M0.0%	$379.1M
Total Liabilities	$64.2M-3.2%	$66.3M-12.4%	$75.7M+0.3%	$75.5M+20.3%	$62.7M-7.7%	$67.9M-58.3%	$162.8M-1.8%	$165.8M
Current Liabilities	$19.6M-4.0%	$20.4M-70.2%	$68.4M-0.2%	$68.5M+29.8%	$52.8M-8.5%	$57.7M-49.6%	$114.4M-1.8%	$116.5M
Long-Term Debt	$37.9M+5.3%	$36.0M	$0	$0	$0	$0-100.0%	$38.3M-2.8%	$39.5M
Total Equity	$815.5M+3.7%	$786.2M+4.1%	$755.2M+3.8%	$727.7M+4.3%	$697.9M+3.7%	$672.8M+3.7%	$648.6M+3.6%	$626.2M
Retained Earnings	$415.8M+6.4%	$390.8M+9.3%	$357.6M+9.3%	$327.3M+8.6%	$301.3M+9.8%	$274.4M+9.7%	$250.1M+10.5%	$226.4M

Not reported in any period shown, so not listed: Inventory.

No annual filing on record for: FY2024.

DDI Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

DDI annual cash flow statement

Metric	FY25	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$136.8M	$20.8M-59.0%	$50.8M-47.2%	$96.1M-3.8%	$99.8M+30.2%	$76.7M
Capital Expenditures	$190K	$198K-26.4%	$269K+30.0%	$207K-4.6%	$217K+8.5%	$200K
Free Cash Flow	$136.6M	$20.6M-59.2%	$50.5M-47.3%	$95.9M-3.7%	$99.6M+30.3%	$76.5M
Investing Cash Flow	-$81.7M	-$30.3M+55.4%	-$67.8M-3655.8%	-$1.8M+17.0%	-$2.2M-987.5%	-$200K
Financing Cash Flow	-$1.4M	$0	$0-100.0%	$86.0M+212.8%	-$76.3M-23.4%	-$61.8M
Dividends Paid	$85K	N/A	N/A	N/A	N/A	N/A

Metric	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$31.8M-7.4%	$34.4M-1.5%	$34.9M+17.5%	$29.7M+3.5%	$28.7M+150.5%	-$56.8M-395.5%	$19.2M+192.0%	-$20.9M
Capital Expenditures	$275K+13650.0%	$2K-85.7%	$14K-44.0%	$25K-54.5%	$55K-29.5%	$78K+95.0%	$40K-61.9%	$105K
Free Cash Flow	$31.6M-8.2%	$34.4M-1.5%	$34.9M+17.6%	$29.7M+3.6%	$28.7M+150.4%	-$56.9M-396.6%	$19.2M+191.3%	-$21.0M
Investing Cash Flow	-$10.4M-138.2%	$27.2M+185.0%	-$31.9M+44.1%	-$57.2M-360.9%	$21.9M+333.5%	-$9.4M-165.3%	$14.4M+121.3%	-$67.5M
Financing Cash Flow	-$171K-14.8%	-$149K	$0	$0	$0	$0	$0	$0

Not reported in any period shown, so not listed: Share Buybacks.

No annual filing on record for: FY2024.

DDI Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

DDI annual financial ratios

Metric	FY25	FY23	FY22	FY21	FY20	FY19
Operating Margin	N/A	38.3%+136.0pp	-97.8%-125.0pp	27.2%+2.4pp	24.8%-0.2pp	25.0%
Net Margin	28.5%	32.7%+105.5pp	-72.9%-94.4pp	21.5%+6.6pp	15.0%+1.7pp	13.3%
Return on Equity	10.8%	13.9%+51.2pp	-37.4%-46.4pp	9.0%+1.4pp	7.7%-1.9pp	9.5%
Return on Assets	9.9%	12.6%+42.1pp	-29.5%-37.6pp	8.1%+1.4pp	6.7%+2.2pp	4.5%
Current Ratio	7.74	4.61+1.9x	2.69-10.3x	13.01+9.5x	3.53+2.2x	1.30
Debt-to-Equity	0.00	0.00-0.1x	0.060.0x	0.050.0x	0.07-0.8x	0.90
FCF Margin	38.0%	6.7%-9.1pp	15.7%-10.7pp	26.4%-1.4pp	27.8%-0.2pp	28.0%

Metric	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Margin	42.5%+1.5pp	41.0%+5.8pp	35.2%-7.6pp	42.8%+2.2pp	40.7%+4.1pp	36.6%+3.9pp	32.7%	-322.0%
Net Margin	30.2%-7.4pp	37.6%+3.2pp	34.4%+3.2pp	31.2%-5.7pp	36.9%+4.5pp	32.4%+1.9pp	30.5%	-255.2%
Return on Equity	3.1%-1.1pp	4.2%+0.2pp	4.0%+0.4pp	3.6%-0.3pp	3.9%+0.2pp	3.6%0.0pp	3.6%+34.7pp	-31.0%
Return on Assets	2.9%-1.0pp	3.9%+0.2pp	3.6%+0.4pp	3.2%-0.3pp	3.5%+0.3pp	3.3%+0.4pp	2.9%+27.5pp	-24.6%
Current Ratio	21.25+2.6x	18.68+13.5x	5.18+0.6x	4.61-1.2x	5.79+1.0x	4.80+1.8x	2.97+0.3x	2.69
Debt-to-Equity	0.050.0x	0.050.0x	0.000.0x	0.000.0x	0.000.0x	0.00-0.1x	0.060.0x	0.06
FCF Margin	38.0%-0.9pp	39.0%-0.6pp	39.6%+3.9pp	35.7%-3.5pp	39.3%+115.0pp	-75.7%-100.4pp	24.7%+52.3pp	-27.6%

Not reported in any period shown, so not listed: Gross Margin.

No annual filing on record for: FY2024.

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Frequently Asked Questions

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

Doubledown Interactive Co., Ltd. (DDI) reported $359.9M in total revenue for fiscal year 2025. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Is Doubledown Interactive Co., Ltd. profitable?

Yes, Doubledown Interactive Co., Ltd. (DDI) reported a net income of $102.7M in fiscal year 2025, with a net profit margin of 28.5%.

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

As of fiscal year 2025, Doubledown Interactive Co., Ltd. (DDI) had $388.9M in cash and equivalents against $3.3M in long-term debt.

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

Doubledown Interactive Co., Ltd. (DDI) had a net profit margin of 28.5% in fiscal year 2025, 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 10.8% for fiscal year 2025, 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 $136.6M in free cash flow during fiscal year 2025. 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 $136.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

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

Doubledown Interactive Co., Ltd. (DDI) had $1.0B in total assets as of fiscal year 2025, including both current and long-term assets.

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

Doubledown Interactive Co., Ltd. (DDI) invested $190K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

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

Doubledown Interactive Co., Ltd. (DDI) had 2M shares outstanding as of fiscal year 2025.

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

Doubledown Interactive Co., Ltd. (DDI) had a current ratio of 7.74 as of fiscal year 2025, 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 2025, 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 9.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

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

Doubledown Interactive Co., Ltd. (DDI) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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 1.33x, considered cash-backed (high quality). 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.

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

Doubledown Interactive Co., Ltd. (DDI) scores 60 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.