GRAVITY Q3 2026 revenue rises 41.9% year over year

Q: What was GRVY's revenue in the third quarter of 2026?

GRAVITY reported total revenue of KRW 197,146 million for the third quarter ended September 30, 2026, up 21.8% from the second quarter and 41.9% year over year. Mobile game revenue was KRW 169,387 million, while online game revenue was KRW 25,139 million.

Q: How much net profit did GRVY report for the third quarter of 2026?

Net profit attributable to the parent company was KRW 21,407 million. It decreased 12.1% from the second quarter and increased 7.7% from the third quarter of 2025.

Q: Which new games contributed to GRVY's third-quarter mobile revenue?

The company cited initial revenue from Ragnarok: The New World, launched in Southeast Asia except Vietnam on July 16, 2026; Ragnarok M: Classic, launched in Korea on July 16, 2026; and Ragnarok Origin Classic, launched in North, Central and South America on July 23, 2026.

Available on EDGAR 11/13/2026 - 06:07 AM EST Accepted by SEC EDGAR 11/13/2026 - 06:02 AM EST

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Form Type

6-K

Rhea-AI Filing Summary

GRAVITY Co., Ltd. (GRVY) reported third-quarter 2026 revenue of KRW 197,146 million, up 21.8% from the second quarter and 41.9% year over year. Operating profit was KRW 28,728 million, up 4.2% sequentially and 35.0% year over year; net profit attributable to the parent was KRW 21,407 million, down 12.1% sequentially but up 7.7% year over year.

Mobile game revenue rose 31.7% sequentially and 54.6% year over year to KRW 169,387 million, with initial revenue from new game launches. Online game revenue fell 15.2% sequentially and 3.2% year over year to KRW 25,139 million; the company attributed the sequential decline mainly to lower Ragnarok Online revenue in Thailand. Cost of revenue increased 29.4% sequentially and 60.0% year over year to KRW 141,696 million.

Profit before income tax was KRW 27,684 million, down 14.7% sequentially and up 1.8% year over year. Cash and cash equivalents plus short-term financial instruments totaled KRW 616,485 million as of September 30, 2026.

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0 major · 2 points

How the balance works

Positive

Moderate pointThird-quarter revenue rose 41.9% year over year.
Moderate pointOperating profit increased 35.0% year over year.
Moderate pointNet profit attributable to the parent rose 7.7% year over year.

Negative

Moderate pointNet profit attributable to the parent fell 12.1% sequentially.
Moderate pointProfit before income tax declined 14.7% sequentially.

Filing Explained

For the nine months ended September 30, 2026, GRAVITY reported revenue of KRW 520,908 million versus KRW 447,098 million in the comparable 2025 period, and operating profit of KRW 87,140 million versus KRW 65,676 million.

Key Figures

Total revenue: KRW 197,146 million Mobile game revenue: KRW 169,387 million Online game revenue: KRW 25,139 million +5 more

8 metrics

Total revenue KRW 197,146 million Third quarter of 2026; up 21.8% sequentially and 41.9% year over year

Mobile game revenue KRW 169,387 million Third quarter of 2026; up 31.7% sequentially and 54.6% year over year

Online game revenue KRW 25,139 million Third quarter of 2026; down 15.2% sequentially and 3.2% year over year

Operating profit KRW 28,728 million Third quarter of 2026; up 4.2% sequentially and 35.0% year over year

Cost of revenue KRW 141,696 million Third quarter of 2026; up 29.4% sequentially and 60.0% year over year

Profit before income tax KRW 27,684 million Third quarter of 2026; down 14.7% sequentially and up 1.8% year over year

Net profit attributable to parent company KRW 21,407 million Third quarter of 2026; down 12.1% sequentially and up 7.7% year over year

Cash and short-term financial instruments KRW 616,485 million As of September 30, 2026

Key Terms

International Financial Reporting Standards, Earnings per ADS, Weighted average number of shares outstanding, Non-controlling interest

4 terms

International Financial Reporting Standards financial

"prepared in accordance with International Financial Reporting Standards"

International Financial Reporting Standards are a common set of accounting rules used by companies in many countries to prepare and present their financial statements. They matter to investors because they make results easier to compare across borders — like using the same measuring tape — so investors can assess profitability, cash flow and risk more reliably and spot differences that come from business performance rather than differing accounting methods.

Earnings per ADS financial

"Earnings per ADS - Basic and diluted"

Weighted average number of shares outstanding financial

"Weighted average number of shares outstanding - Basic and diluted"

The weighted average number of shares outstanding is the average count of a company's shares available during a reporting period, adjusted for any issues, buybacks, or other changes so each day’s share count is weighted by how long it applied. Investors use it to calculate per-share measures like earnings per share, because it ensures profits or losses are divided by a fair, time-adjusted share base — like averaging how many people occupied a room across a meeting to get a per-person cost.

Non-controlling interest financial

"Profit attributable to: Non-controlling interest"

Non-controlling interest represents the portion of ownership in a company held by investors who do not have a controlling stake, meaning they do not have enough voting power to make major decisions. It is similar to owning a minority share of a business partner’s company—while they benefit from profits, they cannot control how the company is run. This matters to investors because it shows how much of the company's value is owned by outside shareholders and affects overall financial reporting.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What was GRVY's revenue in the third quarter of 2026?

GRAVITY reported total revenue of KRW 197,146 million for the third quarter ended September 30, 2026, up 21.8% from the second quarter and 41.9% year over year. Mobile game revenue was KRW 169,387 million, while online game revenue was KRW 25,139 million.

How much net profit did GRVY report for the third quarter of 2026?

Net profit attributable to the parent company was KRW 21,407 million. It decreased 12.1% from the second quarter and increased 7.7% from the third quarter of 2025.

Which new games contributed to GRVY's third-quarter mobile revenue?

The company cited initial revenue from Ragnarok: The New World, launched in Southeast Asia except Vietnam on July 16, 2026; Ragnarok M: Classic, launched in Korea on July 16, 2026; and Ragnarok Origin Classic, launched in North, Central and South America on July 23, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 6-K: How Foreign Companies Report to the SEC →

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of November 2026

Commission File Number 000-51138

GRAVITY CO., LTD.

————————————————————————————————————

(Translation of registrant’s name into English)

14F, 396 World Cup buk-ro, Mapo-gu, Seoul 121-795, Korea

————————————————————————————————————

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F þ Form 40-F o

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o

GRAVITY REPORTS THIRD QUARTER OF 2026 RESULTS AND BUSINESS UPDATES

Seoul, South Korea – November 13, 2026 – GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games based in South Korea, today announced its unaudited financial results for the third quarter ended September 30, 2026, prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board and business updates.

THIRD QUARTER 2026 HIGHLIGHTS

•Total revenues were KRW 197,146 million (US$ 145,397 thousand), representing a 21.8% increase from the second quarter ended June 30, 2026 (“QoQ”) and a 41.9% increase from the third quarter ended September 30, 2025 (“YoY”).

•Operating profit was KRW 28,728 million (US$ 21,186 thousand), representing a 4.2% increase QoQ and a 35.0% increase YoY.

•Profit before income tax expense was KRW 27,684 million (US$ 20,416 thousand), representing a 14.7% decrease QoQ and a 1.8% increase YoY.

•Net profit attributable to parent company was KRW 21,407 million (US$ 15,787 thousand), representing a 12.1% decrease QoQ and a 7.7% increase YoY.

REVIEW OF THIRD QUARTER 2026 FINANCIAL RESULTS

Revenues

Online game revenues for the third quarter of 2026 were KRW 25,139 million (US$ 18,540 thousand), representing a 15.2% decrease QoQ from KRW 29,660 million and a 3.2% decrease YoY from KRW 25,968 million. The decrease QoQ was mainly attributable to decreased revenue from Ragnarok Online in Thailand. This decrease was partially offset by initial revenue from Ragnarok Zero: Global launched in Southeast Asia, Europe and Oceania on August 18, 2026. The decrease YoY was mainly due to decreased revenues from Ragnarok Online America Latina in Latin America and Ragnarok Online in Taiwan, Hong Kong and Macau. This decrease was partially offset by initial revenue from Ragnarok Zero: Global launched in Southeast Asia, Europe and Oceania on August 18, 2026.

Mobile game revenues were KRW 169,387 million (US$ 124,925 thousand) for the third quarter of 2026, representing a 31.7% increase QoQ from KRW 128,611 million and a 54.6% increase YoY from KRW 109,571 million. The increase QoQ was mainly attributable to initial revenues from Ragnarok: The New World launched in Southeast Asia except for Vietnam on July 16, 2026, Ragnarok M: Classic launched in Korea on July 16, 2026 and Ragnarok Origin Classic launched in North, Central and South America on July 23, 2026. Such increase was partially offset by decreased revenues from Ragnarok Origin Classic in Korea, Taiwan, Hong Kong, Macau and Southeast Asia and Ragnarok: The New World in Taiwan, Hong Kong and Macau. The increase YoY was mainly due to initial revenues from Ragnarok: The New World launched in Southeast Asia except for Vietnam on July 16, 2026 and in Taiwan, Hong Kong and Macau on January 15, 2026 and Ragnarok Origin Classic launched in Korea, Taiwan, Hong Kong, Macau and Southeast Asia on March 26, 2026. Such increase was partially offset by decreased revenues from Ragnarok M: Classic in Taiwan, Hong Kong, Macau and Southeast Asia and Ragnarok: Twilight in Taiwan, Hong Kong and Macau.

Other revenues were KRW 2,620 million (US$ 1,932 thousand) for the third quarter of 2026, representing a 27.5% decrease QoQ from KRW 3,613 million and a 21.9% decrease YoY from KRW 3,355 million.

Cost of Revenue

Cost of revenue was KRW 141,696 million (US$ 104,503 thousand) for the third quarter of 2026, representing a 29.4% increase QoQ from KRW 109,541 million and a 60.0% increase YoY from KRW 88,542 million. The increase QoQ was mainly due to initial commission paid for mobile game services related to Ragnarok: The New World launched in Southeast Asia except for Vietnam on July 16, 2026. The increase YoY was primarily due to initial commissions paid for mobile game services related to Ragnarok: The New World launched in Southeast Asia except for Vietnam on July 16, 2026 and in Taiwan, Hong Kong and Macau on January 15, 2026 and Ragnarok Origin Classic launched in Korea, Taiwan, Hong Kong, Macau and Southeast Asia on March 26, 2026.

Operating Expenses

Operating expenses were KRW 26,722 million (US$ 19,708 thousand) for the third quarter of 2026, representing a 7.9% increase QoQ from KRW 24,761 million and an 8.1% decrease YoY from KRW 29,076 million. The increase QoQ was mainly due to increased advertising expenses for Ragnarok Zero: Global in Southeast Asia, Europe and Oceania. The decrease YoY was mainly due to decreased advertising expenses for Ragnarok Idle Adventure Plus in Korea and Global and Nobunaga's Ambition: The Road to the World in Japan.

Profit Before Income Tax Expense

Profit before income tax expense was KRW 27,684 million (US$ 20,416 thousand) for the third quarter of 2026 compared with profit before income tax expense of KRW 32,470 million for the second quarter of 2026 and profit before income tax expense of KRW 27,207 million for the third quarter of 2025.

Net Profit

As a result of the foregoing factors, Gravity recorded a net profit attributable to parent company of KRW 21,407 million (US$ 15,787 thousand) for the third quarter of 2026 compared with net profit attributable to parent company of KRW 24,341 million for the second quarter of 2026 and a net profit attributable to parent company of KRW 19,869 million for the third quarter of 2025.

Liquidity

The balance of cash and cash equivalents and short-term financial instruments was KRW 616,485 million (US$ 454,665 thousand) as of September 30, 2026.

Note: For convenience purposes only, the KRW amounts have been expressed in U.S. dollars at the exchange rate of KRW 1,355.91 to US$ 1.00, the noon buying rate in effect on September 30, 2026 as quoted by the Federal Reserve Bank of New York.

GRAVITY BUSINESS UPDATES

Ragnarok Online IP-based Games

•Ragnarok Zero: Global, an MMORPG PC game

Ragnarok Zero: Global was officially launched in Southeast Asia (except Vietnam), Europe and Oceania on August 18, 2026. Ragnarok Zero: Americas will be launched in North and South America in January 2027.

•Ragnarok: Midgard Senki, a 2D MMORPG Mobile and PC game

Ragnarok: Midgard Senki was officially launched in Taiwan, Hong Kong and Macau on October 23, 2026, and will be launched in Korea and Southeast Asia (except Vietnam) in the first half of 2027.

•Ragnarok: GO, an Idle RPG Mobile game

Ragnarok: GO was officially launched in Southeast Asia (except Vietnam) on October 29, 2026, and will be launched in Taiwan, Hong Kong and Macau in the first quarter of 2027.

•Ragnarok: Yggdrasil, an MMORPG and SLG Mobile and PC game

Ragnarok: Yggdrasil will be launched in Central and South America in December 2026.

•Ragnarok: Adventures, a Vertical Idle MMORPG Mobile game

Ragnarok: Adventures will be launched in Japan in the fourth quarter of 2026.

•Ragnarok Abyss, an MMOARPG Mobile and PC game

Ragnarok Abyss will be launched within 2027.

•Ragmon Marble, a Casual Board and F2P with Blockchain-based reward Mobile game

Ragmon Marble will be launched in Thailand, Indonesia, the Philippines and Malaysia in the first quarter of 2027.

•Ragnarok Origin Classic, an MMORPG Mobile and PC game

Ragnarok Origin Classic will be launched in Vietnam in the first quarter of 2027.

•Ragnarok Online 3, an MMORPG Mobile and PC game

Ragnarok Online 3 is underway for its launch in China and Asia (Korea, Taiwan, Hong Kong, Macau and Southeast Asia (except Vietnam)) in the first half of 2027. Preparation for its launch in Japan, Europe and North, Central and South America is underway.

•Ragnarok: The New World, an MMORPG Mobile and PC game

Ragnarok: The New World will be launched in Japan and Korea in the first half of 2027, and in China and Global (except certain regions) within 2027.

•Ragnarok Online Plus+, an MMORPG Mobile and PC game

Ragnarok Online Plus+ will be launched in Korea in the first half of 2027.

•Ragnarok M: Eternal Love 2, an MMORPG Mobile and PC game

Ragnarok M: Eternal Love 2 will be launched in China within 2027.

•Ragnarok: Path of Destiny (Ragnarok: The Promised Adventure), a Casual Idle MMORPG HTML5 and Mobile game

Ragnarok: Path of Destiny (Ragnarok: The Promised Adventure) will be launched in Southeast Asia (except Vietnam) in the first half of 2027.

Ragnarok Online IP-based Blockchain Game

•Ragnarok Landverse Classic, an MMORPG Blockchain, HTML5, Mobile and PC game

Ragnarok Landverse Classic will be launched in Southeast Asia (except Indonesia and Vietnam) in December 2026.

Expansion of Ragnarok IP Business

We launched 'RO Lite' a casual-genre brand based on the Ragnarok IP, and have released two titles under it: RO Lite - Arrow on August 11, 2026, and RO Lite - BLOCK PUZZLE on September 16, 2026.

Other IP-based Games

•RAMUSU: Ramen Girls 2048 Puzzle, a Puzzle Mobile game

RAMUSU: Ramen Girls 2048 Puzzle was officially launched in Global (except certain regions) on August 21, 2026.

•Hashire HEBEREKE: EX, a Racing and Remake Console and PC game

Hashire HEBEREKE: EX was officially launched in Global (except for Japan on Nintendo Switch) on September 3, 2026.

•Galvatein: Adventurers' Guild, a Simulation Console and PC game

Galvatein: Adventurers' Guild was launched in Early Access on Steam in Global on September 22, 2026.

•NBA RISE, a Basketball Management and Card Collecting Mobile game

NBA RISE was officially launched in Korea, Southeast Asia (except Vietnam) and Oceania on October 20, 2026.

•Aeruta, an Action RPG Console and PC game

Aeruta will be launched in Global in the fourth quarter of 2026.

•Jaleco Arcade Collection, a Retro Console and PC game

Jaleco Arcade Collection will be launched in Global in the first quarter of 2027.

•LIGHT ODYSSEY, a Boss Rush Action and Soul-like Console and PC game

LIGHT ODYSSEY will be launched in Global in the second quarter of 2027.

•Final Knight, an Action RPG Console and PC game

Final Knight will be launched in Global in the second quarter of 2027.

Our New Businesses Operated by Joint Ventures

Gravity Game Max Co., Ltd., a subsidiary in Thailand to be established within 2026, will officially launch RAGLAND, a Ragnarok IP-based User Generated Content creation and distribution platform, in August 2028.

AIWAN PTE. LTD., a subsidiary in Singapore to be established within 2026, will soft-launch AIWAN, a platform for HTML5 gameplay, content creation and sharing, in the first quarter of 2027.

Investor Presentation

Gravity issued an investor presentation. The presentation contains the Company’s recent business updates, results of the third quarter in 2026 and Gravity’s business plan. The presentation can be found on the Company’s website under the IR Archives section at https://www.gravity.co.kr/en/ir/updates. Korean and Japanese versions of the presentation are also provided on the website.

About GRAVITY Co., Ltd. ---------------------------------------------------

Gravity is a developer and publisher of online and mobile games. Gravity's principal product, Ragnarok Online, is a popular online game in many markets, including Japan and Taiwan, and is currently commercially offered in 91 regions. For more information about Gravity, please visit http://www.gravity.co.kr.

Forward-Looking Statements:

Certain statements in this press release may include, in addition to historical information, “forward-looking statements” within the meaning of the “safe-harbor” provisions of the U.S. Private Securities Litigation Reform Act 1995. Forward-looking statements can generally be identified by the use of forward-looking terminology, such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe”, “project,” or “continue” or the negative thereof or other similar words, although not all forward-looking statements contain these words. Investors should consider the information contained in our submissions and filings with the United States Securities and Exchange Commission (the “SEC”), including our annual report for the fiscal year ended December 31, 2025 on Form 20-F, together with such other documents that we may submit to or file with the SEC from time to time, on Form 6-K. The forward-looking statements speak only as of this press release and we assume no duty to update them to reflect new, changing or unanticipated events or circumstances.

Contact:

Mr. Heung Gon Kim
Chief Financial Officer
Gravity Co., Ltd.
Email: kheung@gravity.co.kr

Ms. Jin Lee

Ms. Jimin Park
IR Unit
Gravity Co., Ltd.
Email: ir@gravity.co.kr
Telephone: +82-2-2132-7800

GRAVITY Co., Ltd.

Consolidated Statements of Financial Position

(In millions of KRW and thousands of US$)


	As of
	31-Dec-25				30-Sep-26
	KRW		US$		KRW		US$
	(audited)		(unaudited)		(unaudited)		(unaudited)
Assets
Current assets:
Cash and cash equivalents		203,599		150,157		209,410		154,442
Short-term financial instruments		415,034		306,093		407,075		300,223
Accounts receivable, net		56,318		41,535		91,412		67,417
Other receivables, net		2,904		2,142		824		608
Prepaid expenses		13,766		10,153		10,731		7,914
Other current financial assets		4,333		3,196		6,246		4,607
Other current assets		2,559		1,887		2,988		2,204
Total current assets		698,513		515,163		728,686		537,415
Property and equipment, net		10,770		7,943		7,896		5,823
Intangible assets, net		7,157		5,278		4,881		3,600
Deferred tax assets		7,209		5,317		6,370		4,698
Other non-current financial assets		3,812		2,811		3,755		2,769
Other non-current assets		15,201		11,210		52,659		38,836
Total assets		742,662		547,722		804,247		593,141
Liabilities and Equity
Current liabilities:
Accounts payable		61,927		45,672		88,553		65,309
Deferred revenue		21,501		15,857		22,173		16,353
Withholdings		1,655		1,221		1,733		1,278
Accrued expense		2,597		1,915		2,197		1,620
Income tax payable		4,633		3,417		8,900		6,564
Other current liabilities		3,718		2,742		3,100		2,286
Total current liabilities		96,031		70,824		126,656		93,410
Long-term account payables		623		459		550		406
Long-term deferred revenue		410		302		4,561		3,364
Deferred tax liabilities		1,736		1,280		1,736		1,280
Other non-current liabilities		6,496		4,792		4,725		3,485
Total liabilities		105,296		77,657		138,228		101,945
Share capital		3,474		2,562		3,474		2,562
Capital surplus		26,979		19,897		26,979		19,897
Other components of equity		25,523		18,824		9,672		7,133
Retained earnings		580,882		428,407		625,449		461,276
Equity attributable to owners of the Parent Company		636,858		469,690		665,574		490,868
Non-controlling interest		508		375		445		328
Total equity		637,366		470,065		666,019		491,196
Total liabilities and equity		742,662		547,722		804,247		593,141

* For convenience purposes only, the KRW amounts are expressed in U.S. dollars at the rate of KRW 1,355.91 to US$ 1.00, the noon buying rate in effect on September 30, 2026 as quoted by the Federal Reserve Bank of New York.

GRAVITY Co., Ltd.

Consolidated Statements of Comprehensive Income

(In millions of KRW and thousands of US$ except for share and ADS data)


	Three months ended								Nine months ended
	30-Jun-26		30-Sep-25		30-Sep-26				30-Sep-25		30-Sep-26
	(KRW)		(KRW)		(KRW)		(US$)		(KRW)		(KRW)		(US$)
	(unaudited)		(unaudited)		(unaudited)		(unaudited)		(unaudited)		(unaudited)		(unaudited)
Revenues:
Online games		29,660		25,968		25,139		18,540		66,745		80,705		59,521
Mobile games		128,611		109,571		169,387		124,925		369,060		430,798		317,719
Other revenue		3,613		3,355		2,620		1,932		11,293		9,405		6,936
Total net revenue		161,884		138,894		197,146		145,397		447,098		520,908		384,176
Cost of revenue		109,541		88,542		141,696		104,503		290,006		361,461		266,582
Gross profit		52,343		50,352		55,450		40,894		157,092		159,447		117,594
Operating expenses:
Selling, general and administrative expenses		21,131		26,675		24,006		17,705		82,043		64,746		47,751
Research and development		2,951		2,149		2,753		2,030		8,871		6,837		5,042
Others, net		679		252		(37)		(27)		502		724		534
Total operating expenses		24,761		29,076		26,722		19,708		91,416		72,307		53,327
Operating profit		27,582		21,276		28,728		21,186		65,676		87,140		64,267
Finance income(costs):
Finance income		5,875		3,283		2,240		1,652		16,651		17,986		13,265
Finance costs		(987)		2,648		(3,284)		(2,422)		(7,964)		(6,647)		(4,902)
Profit before income tax		32,470		27,207		27,684		20,416		74,363		98,479		72,630
Income tax expense		8,123		7,362		6,285		4,635		19,220		23,342		17,215
Profit for the year		24,347		19,845		21,399		15,781		55,143		75,137		55,415
Profit attributable to:
Non-controlling interest		6		(24)		(8)		(6)		(9)		(5)		(4)
Owners of Parent company		24,341		19,869		21,407		15,787		55,152		75,142		55,419
Earnings per share
- Basic and diluted		3,503		2,859		3,081		2.27		7,937		10,814		7.98
Weighted average number of shares outstanding
- Basic and diluted		6,948,900		6,948,900		6,948,900		6,948,900		6,948,900		6,948,900		6,948,900
Earnings per ADS
- Basic and diluted		3,503		2,859		3,081		2.27		7,937		10,814		7.98

* For convenience, the KRW amounts are expressed in U.S. dollars at the rate of KRW 1,355.91 to US$1.00, the noon buying rate in effect on September 30, 2026 as quoted by the Federal Reserve Bank of New York.

(1) Each ADS represents one common share.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.



			GRAVITY CO., LTD.

			By:			/s/ Heung Gon Kim
			Name:			Heung Gon Kim
			Title:			Chief Financial Officer

Date: November 13, 2026

Source: View Original Filing on SEC EDGAR