Welcome to our dedicated page for GDEV SEC filings (Ticker: GDEVW), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
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GDEV Inc. files its annual report, highlighting a mobile gaming business built around free-to-play titles and prepared under IFRS. The company is highly dependent on its core RPG franchise Hero Wars, which generated 93% of revenue in 2025 and 90% in each of 2024 and 2023.
Management discloses that overall Bookings fell by 4% in 2024 and a further 13% in 2025, while Monthly Paying Users for Hero Wars declined 8% in 2024 and 18% in 2025 as marketing shifted toward a smaller, higher-value audience. In 2025, Monthly Payer Conversion was 3.3%, and about 125,000 high paying users produced 88% of Bookings, underscoring heavy reliance on a narrow spender base.
The report details broad risk factors: concentration in the U.S., Europe and key Asian markets; dependence on Apple, Google and other platforms and payment processors; growing regulatory scrutiny of loot boxes, minors’ online safety and data privacy; intense competition; potential disruptions from cyber-attacks and system outages; and challenges in acquiring and integrating new studios and leaders in a rapidly evolving industry.
GDEV Inc. filed a Form 3 showing Chief Financial Officer Alexander Karavaev’s current equity holdings. He directly holds 1,650 Ordinary Shares. He also holds a stock option over 100,000 Ordinary Shares at an exercise price of 100.0000, which will be fully vested on November 16, 2026 and expires on November 16, 2031.
GDEV Inc. director and Chief Executive Officer Andrey Fadeev has filed an initial Form 3 showing his holdings in the company. The filing reports that he directly owns 6,709,391 Ordinary Shares of GDEV Inc. There is no indication of a recent purchase or sale; this form mainly establishes his existing ownership position as an insider.
GDEV Inc. director Shoham Tal filed an initial ownership report showing a fully vested stock option. The option gives the right to acquire 10,654 Ordinary Shares at an exercise price of $0.0000 per share and expires on November 16, 2031. These derivative securities are held directly and represent a pre-existing position, with no new buy or sell transaction reported.
GDEV Inc. director Igor Bukhman filed a Form 3 reporting his beneficial ownership of the company’s ordinary shares. The filing shows an indirect holding of 3,720,070 ordinary shares, held through Everix Investments Limited. The document records ownership only and does not report any new share purchases or sales.
GDEV Inc. officer Anton Reingold filed an initial Form 3 reporting his existing equity holdings in the company. He directly holds 365,309 ordinary shares. He also holds a stock option over 22,072 ordinary shares at an exercise price of $0.0000 per share, expiring on November 16, 2031, which will be fully vested on July 1, 2026.
GDEV Inc. director Marie Juliette France Holive has reported her initial ownership position. The Form 3 filing shows she directly holds 10,654 Ordinary Shares of GDEV Inc. This filing lists her current stake and does not indicate any recent share purchases or sales.
GDEV Inc. reports that founder, CEO and Chairman Andrey Fadeev has purchased 2,730,384 GDEV ordinary shares from co‑founder and former director Boris Gertsovskiy in a private transaction. This is a secondary deal between insiders; the Company was not a party to it.
Following the purchase, Fadeev beneficially owns 6,709,391 ordinary shares, representing 37.0% of GDEV’s issued and outstanding shares as of December 31, 2025. Gertsovskiy has fully exited his remaining shareholding and no longer holds any employment, director or officer position at GDEV.
In connection with the deal, Gertsovskiy irrevocably transferred to Fadeev all rights under GDEV’s Memorandum and Articles of Association to appoint, jointly with Fadeev, directors to the board, and irrevocably waived those rights in Fadeev’s favor. Fadeev reported the transaction on Schedule 13D, while Gertsovskiy amended his Schedule 13G to reflect his reduced holding.
GDEV Inc. Amendment No. 3 to a Schedule 13G/A reports that Boris Gertsovskiy beneficially owns 0 ordinary shares of the company, representing 0% of the class. The filing lists zero voting and dispositive power and states the filer holds "Ownership of 5 percent or less of a class."
GDEV Inc.’s Chief Executive Officer and Chairperson, Andrey Fadeev, filed a Schedule 13D reporting beneficial ownership of 6,709,391 Ordinary Shares, representing 37.0% of the class based on 18,150,489 shares outstanding as of December 31, 2025. Fadeev originally received 3,979,007 shares through the business combination that led to GDEV’s Nasdaq listing. On March 17, 2026, he acquired an additional 2,730,384 shares from shareholder Boris Gertsovskiy under a Share Purchase Agreement for $34,125,000, payable in three installments, using a bank loan for the first payment. The SPA also transfers Gertsovskiy’s Board appointment right to Fadeev, effectively giving him sole shared rights to appoint two directors, while restricting transfers or encumbrances of the purchased shares until the purchase price is fully paid.