Gravity Financials
This page shows Gravity (GRVY) financial statements, including the 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).
Financial Health Signals
Based on FY2016 annual data. Scores normalized against common benchmarks. How we calculate these scores
Gravity has an operating margin of 6.7%, meaning the company retains $7 of operating profit per $100 of revenue. This results in a moderate score of 33/100, indicating healthy but not exceptional operating efficiency. This is up from -48.3% the prior year.
Gravity's revenue surged 40.0% year-over-year to $42.7M, reflecting rapid business expansion. This strong growth earns a score of 100/100.
Gravity carries a low D/E ratio of 0.82, meaning only $0.82 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 81/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 2.58, Gravity holds $2.58 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 83/100.
Gravity's free cash flow margin of 4.4% results in a low score of 22/100. Capital expenditures of $148K absorb a large share of operating cash flow.
Gravity generates a 0.8% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 3/100.
Gravity scores 13.82, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($458.8M) relative to total liabilities ($20.8M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Gravity passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Gravity generates $9.74 in operating cash flow ($2.0M OCF vs $207K net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Gravity generated $42.7M in revenue in fiscal year 2016. This represents an increase of 40.0% from the prior year.
Gravity's EBITDA was $3.3M in fiscal year 2016, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 130.7% from the prior year.
Gravity generated $1.9M in free cash flow in fiscal year 2016, representing cash available after capex. This represents an increase of 134.2% from the prior year.
Gravity reported $207K in net income in fiscal year 2016. This represents an increase of 101.4% from the prior year.
Gravity held $13.9M in cash against $0 in long-term debt as of fiscal year 2016.
Gravity had 7M shares outstanding in fiscal year 2016. This represents an increase of 0.0% from the prior year.
Gravity's gross margin was 41.6% in fiscal year 2016, indicating the percentage of revenue retained after direct costs. This is up 26.6 percentage points from the prior year.
Gravity's operating margin was 6.7% in fiscal year 2016, reflecting core business profitability. This is up 55.0 percentage points from the prior year.
Gravity's net profit margin was 0.5% in fiscal year 2016, showing the share of revenue converted to profit. This is up 48.1 percentage points from the prior year.
Gravity's ROE was 0.8% in fiscal year 2016, measuring profit generated per dollar of shareholder equity.
Gravity invested $148K in capex in fiscal year 2016, funding long-term assets and infrastructure. This represents a decrease of 58.5% from the prior year.
GRVY Income Statement
| Metric | Q4'16 | Q4'15 | Q4'14 | Q4'13 | Q4'12 | Q4'11 |
|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | 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 |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | N/A | N/A | N/A | N/A | N/A | N/A |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A |
GRVY Balance Sheet
| Metric | Q4'16 | Q4'15 | Q4'14 | Q4'13 | Q4'12 | Q4'11 |
|---|---|---|---|---|---|---|
| Total Assets | $45.8M+17.2% | $39.1M-32.4% | $57.8M-30.5% | $83.2M-20.0% | $104.0M-9.3% | $114.7M |
| Current Assets | $44.4M+18.7% | $37.4M-19.6% | $46.5M-16.4% | $55.6M-13.0% | $63.9M+3.0% | $62.0M |
| Cash & Equivalents | $13.9M-32.9% | $20.7M-14.7% | $24.3M-15.2% | $28.6M-17.2% | $34.5M-13.4% | $39.9M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $9.8M+117.1% | $4.5M-4.4% | $4.7M-6.4% | $5.1M-24.5% | $6.7M+20.5% | $5.6M |
| Goodwill | N/A | N/A | $1.1M-3.3% | $1.1M-68.4% | $3.6M-43.7% | $6.5M |
| Total Liabilities | $20.8M+54.9% | $13.5M-3.7% | $14.0M-21.4% | $17.8M-7.7% | $19.3M+0.4% | $19.2M |
| Current Liabilities | $17.2M+128.2% | $7.5M-14.9% | $8.8M-18.1% | $10.8M+10.7% | $9.8M-6.3% | $10.4M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $25.5M-2.3% | $26.1M-41.1% | $44.3M-32.6% | $65.7M-22.0% | $84.2M-4.2% | $87.9M |
| Retained Earnings | -$40.3M+3.4% | -$41.7M-43.1% | -$29.1M-182.5% | -$10.3M-242.5% | $7.2M-57.9% | $17.2M |
GRVY Cash Flow Statement
| Metric | Q4'16 | Q4'15 | Q4'14 | Q4'13 | Q4'12 | Q4'11 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A |
| Dividends Paid | 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 |
GRVY Financial Ratios
| Metric | Q4'16 | Q4'15 | Q4'14 | Q4'13 | Q4'12 | Q4'11 |
|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Ratio | 2.58-2.4 | 4.96-0.3 | 5.25+0.1 | 5.14-1.4 | 6.55+0.6 | 5.96 |
| Debt-to-Equity | 0.82+0.3 | 0.52+0.2 | 0.32+0.0 | 0.27+0.0 | 0.23+0.0 | 0.22 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
What is Gravity's annual revenue?
Gravity (GRVY) reported $42.7M in total revenue for fiscal year 2016. This represents a 40.0% 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 Gravity's revenue growing?
Gravity (GRVY) revenue grew by 40% year-over-year, from $30.5M to $42.7M in fiscal year 2016.
Is Gravity profitable?
Yes, Gravity (GRVY) reported a net income of $207K in fiscal year 2016, with a net profit margin of 0.5%.
What is Gravity's EBITDA?
Gravity (GRVY) had EBITDA of $3.3M in fiscal year 2016, measuring earnings before interest, taxes, depreciation, and amortization.
What is Gravity's gross margin?
Gravity (GRVY) had a gross margin of 41.6% in fiscal year 2016, indicating the percentage of revenue retained after direct costs of goods sold.
What is Gravity's operating margin?
Gravity (GRVY) had an operating margin of 6.7% in fiscal year 2016, reflecting the profitability of core business operations before interest and taxes.
What is Gravity's net profit margin?
Gravity (GRVY) had a net profit margin of 0.5% in fiscal year 2016, representing the share of revenue converted into profit after all expenses.
What is Gravity's return on equity (ROE)?
Gravity (GRVY) has a return on equity of 0.8% for fiscal year 2016, measuring how efficiently the company generates profit from shareholder equity.
What is Gravity's free cash flow?
Gravity (GRVY) generated $1.9M in free cash flow during fiscal year 2016. This represents a 134.2% 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 Gravity's operating cash flow?
Gravity (GRVY) generated $2.0M in operating cash flow during fiscal year 2016, representing cash generated from core business activities.
What are Gravity's total assets?
Gravity (GRVY) had $45.8M in total assets as of fiscal year 2016, including both current and long-term assets.
What are Gravity's capital expenditures?
Gravity (GRVY) invested $148K in capital expenditures during fiscal year 2016, funding long-term assets and infrastructure.
How many shares does Gravity have outstanding?
Gravity (GRVY) had 7M shares outstanding as of fiscal year 2016.
What is Gravity's current ratio?
Gravity (GRVY) had a current ratio of 2.58 as of fiscal year 2016, which is generally considered healthy.
What is Gravity's debt-to-equity ratio?
Gravity (GRVY) had a debt-to-equity ratio of 0.82 as of fiscal year 2016, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Gravity's return on assets (ROA)?
Gravity (GRVY) had a return on assets of 0.4% for fiscal year 2016, measuring how efficiently the company uses its assets to generate profit.
What is Gravity's Altman Z-Score?
Gravity (GRVY) has an Altman Z-Score of 13.82, 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 Gravity's Piotroski F-Score?
Gravity (GRVY) has a Piotroski F-Score of 7 out of 9, indicating strong 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 Gravity's earnings high quality?
Gravity (GRVY) has an earnings quality ratio of 9.74x, 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 Gravity?
Gravity (GRVY) scores 54 out of 100 on our Financial Profile, indicating moderate 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.