DoubleDown Interactive Co Ltd (DDI) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$0.6	$0.66	+10.0%	—	$94.3M	—
Q4 25	$0.62	$0.49	-21.0%	—	$95.8M	—
Q3 25	$0.59	$0.66	+11.9%	—	$95.8M	—
Q2 25	$0.51	$0.44	-13.7%	—	$84.8M	—
Q1 25	$0.55	$0.48	-12.7%	—	$83.5M	—
Q4 24	$0.59	$0.72	+22.0%	—	$82M	—
Q3 24	$0.56	$0.51	-8.9%	—	$83M	—
Q2 24	$0.49	$0.67	+36.7%	—	$88.2M	—
Q1 24	$0.48	$0.61	+27.1%	—	$88.1M	—
Q4 23	$0.52	$0.51	-1.9%	—	$83.1M	—
Q3 23	$0.48	$0.54	+12.5%	—	$73M	—
Q2 23	$0.41	$0.49	+19.5%	—	$75.2M	—
Q1 23	$0.38	$0.48	+26.3%	—	$77.6M	—
Q4 22	$0.34	$1.52	+347.1%	—	$76.2M	—
Q3 22	$0.32	-$0.48	-250.0%	—	$78.8M	—
Q2 22	$0.36	-$0.69	-291.7%	—	$80.6M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$2.07	—	—	$359.9M	—
FY24	—	$2.5	—	—	$341.3M	—
FY23	—	$2.03	—	—	$308.9M	—
FY22	—	-$4.72	—	—	$321M	—
FY21

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$266.9M	$273.6M	$358.3M	$363.2M	$321M	$308.9M	$341.3M	$359.9M
YoY change	—	+2.52%	+31%	+1.36%	-11.6%	-3.79%	+10.5%	+5.45%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	266.9M	273.6M	358.3M	363.2M	321M	308.9M	341.3M	359.9M
Cost of revenue	104M	99.6M	126.3M	126.6M	109.3M	99.1M	103.5M	101.6M
Gross profit	162.8M	174M	232.1M	236.6M	211.7M	209.8M	237.8M	258.4M
Gross margin	61%	63.6%	64.8%	65.1%	66%	67.9%	69.7%	71.8%
Research & development	20.1M	19.2M	18.8M	18.5M	18.2M	19.1M	13.9M	12M
Selling, general & administrative	57.7M	53M	92.9M	98M	92M	71.7M	87.2M	111.5M
Operating expenses	77.8M	72.3M	111.7M	116.4M	110.2M	90.9M	101.1M	123.5M
Operating income	54.9M	68.3M	88.8M	102.2M	97.8M	118.2M	136.7M	134.9M
Operating margin	20.6%	25%	24.8%	28.1%	30.5%	38.3%	40%	37.5%
Non-operating income, net	9.4M	7.6M	-3M	184K	-406.1M	1.1M	12.6M	-9.4M
Pretax income	34.3M	49.9M	75.2M	100.6M	-305.2M	131.1M	162.9M	139.8M
Income tax	9.2M	13.5M	21.6M	22.5M	-71.2M	30.2M	38.4M	37.2M
Net income	25.1M	36.3M	53.6M	78.1M	-234M	100.9M	124.4M	102.7M
Net margin	9.39%	13.3%	15%	21.5%	-72.9%	32.7%	36.5%	28.5%
EBITDA	85.1M	102.5M	115.5M	121M	106.4M	132.6M	157.7M	158.7M
EPS	0.51	0.73	1.21	1.7	-4.72	2.03	2.5	2.07
Diluted EPS	0.51	0.73	1.21	1.7	-4.72	2.03	2.5	2.07

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	73M	83.1M	88.1M	88.2M	83M	82M	83.5M	84.8M	95.8M	95.8M	94.1M	94.3M
Cost of revenue	23.7M	24.8M	27.4M	26.8M	24.8M	24.6M	24.1M	23.7M	27.9M	25.9M	24.4M	23.1M
Gross profit	49.3M	58.3M	60.8M	61.4M	58.2M	57.4M	59.4M	61.1M	68M	69.9M	69.7M	71.2M
Gross margin	67.6%	70.2%	68.9%	69.6%	70.2%	70%	71.1%	72.1%	70.9%	73%	74.1%	75.5%
Research & development	4.4M	4.7M	3.3M	3.2M	2.5M	4.9M	2.5M	3.2M	4.2M	2.1M	3.7M	3.8M
Selling, general & administrative	15.2M	17.5M	25.6M	21.2M	19.6M	20.8M	27.2M	25.6M	28.8M	29.9M	30.5M	30.9M
Operating expenses	19.6M	22.1M	28.9M	24.4M	22.1M	25.7M	29.7M	28.7M	33M	32M	34.3M	34.7M
Operating income	29.7M	35.6M	31.1M	36.2M	35.2M	34.2M	29.6M	32.4M	35M	37.9M	35.4M	36.5M
Operating margin	40.7%	42.8%	35.2%	41%	42.5%	41.7%	35.5%	38.2%	36.5%	39.6%	37.6%	38.7%
Non-operating income, net	2.4M	-4.2M	4.3M	3M	-4.9M	10.2M	—	—	-19K	-9.5M	—	—
Pretax income	34.7M	34.1M	38.4M	42.6M	33.9M	48M	32.8M	30.6M	41.1M	35.3M	44.5M	42.3M
Income tax	7.8M	8.1M	8M	9.4M	8.8M	12.3M	8.9M	8.7M	8.4M	11.2M	9.1M	9.5M
Net income	26.9M	26M	30.4M	33.3M	25.1M	35.7M	23.9M	21.9M	32.8M	24.1M	35.4M	32.9M
Net margin	36.9%	31.3%	34.4%	37.7%	30.3%	43.5%	28.6%	25.8%	34.2%	25.2%	37.6%	34.9%
EBITDA	33M	39.3M	35.3M	41M	40.2M	41.2M	35.4M	37.3M	37.5M	34.5M	47.8M	45.8M
EPS	0.54	0.51	0.61	0.67	0.51	0.72	0.48	0.44	0.66	0.49	0.71	0.66
Diluted EPS	0.54	0.51	0.61	0.67	0.51	0.72	0.48	0.44	0.66	0.49	0.71	0.66

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	—	—	714M	418.7M	364.2M	517.3M	427.6M	648.7M
Enterprise value	—	—	—	521.9M	177.6M	135.9M	141.2M	-21.9M	128.1M
Shares outstanding	49.6M	49.6M	44.3M	46.1M	49.6M	49.6M	49.6M	49.6M	49.6M

Valuation

Metric	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	—	—	9.14	—	3.61	4.16	4.17	5.17
P/S	—	—	—	1.97	1.3	1.18	1.52	1.19	1.7
P/B	—	—	—	0.83	0.67	0.5	0.61	0.45	0.64
EV/EBITDA	—	—	—	4.31	1.67	1.03	0.9	-0.14	0.84
EV/Sales	—	—	—	1.44	0.55	0.44	0.41	-0.06	0.34
Earnings yield	—	—	—	10.9%	—	27.7%	24.1%	24%	19.3%
FCF yield	—	—	—	13.4%	12.1%	5.67%	28.5%	31.9%	15%
PEG	—	—	—	—	—	—	—	—	0.1

Profitability

Metric	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	61%	63.6%	64.8%	65.1%	66%	67.9%	69.7%	71.8%	75.5%
Operating margin	20.6%	25%	24.8%	28.1%	30.5%	38.3%	40%	37.5%	38.7%
Net margin	9.39%	13.3%	15%	21.5%	-72.9%	32.7%	36.5%	28.5%	32.9%
ROE	7.59%	9.54%	7.67%	9.04%	-37.4%	13.9%	14.8%	10.8%	13.1%
ROA	3.05%	4.45%	6.65%	8.05%	-29.5%	12.6%	13.7%	9.87%	8.73%
ROIC	5.39%	6.83%	9.13%	11.8%	25.4%	18.2%	22.4%	19.8%	22.4%
Return on tangible assets	-3.48%	-5.52%	-8.88%	-19.3%	646.5%	-108.3%	647.3%	373.4%	121.1%

Financial health

Metric	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	0.35	1.3	3.53	13	2.69	4.61	19.4	7.74	18.7
Quick ratio	0.35	1.3	3.53	13	2.69	4.61	19.4	7.74	18.7
Debt / equity	1.35	1.03	0.08	0.06	0.07	0.06	0.05	0.04	0.04
Debt / assets	0.54	0.48	0.07	0.05	0.06	0.06	0.04	0.04	0.03
Net debt / EBITDA	4.88	3.39	-0.06	-1.59	-2.27	-1.72	-2.39	-2.83	-3.12
Interest coverage	2.13	2.88	7.97	51	-165.7	73.9	80.5	74.6	74.6
Effective tax rate	26.9%	27.2%	28.7%	22.4%	0%	23%	23.6%	26.6%	23.3%

Per share

Metric	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	5.39	5.52	8.09	7.88	6.48	6.23	6.89	7.26	7.67
EPS (basic)	0.51	0.73	1.21	1.7	-4.72	2.03	2.5	2.07	2.07
EPS (diluted)	0.51	0.73	1.21	1.7	-4.72	2.03	2.5	2.07	2.52
Book value per share	6.66	7.68	15.8	18.8	12.6	14.7	17	19.2	20.4
FCF per share	1.44	1.54	2.25	2.08	1.02	0.42	2.98	2.75	2.96
Cash per share	0.62	0.86	1.43	5.25	5.76	5.54	8.37	9.87	11.2
Capex per share	0.01	0	0	0	0	0	0.02	—	—

Capital allocation

Metric	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	0.11%	0.07%	0.06%	0.06%	0.08%	0.06%	0.25%	—	—
Capex / operating cash flow	0.38%	0.24%	0.22%	0.2%	-0.11%	0.95%	0.53%	—	—
Payout ratio	—	—	—	—	—	—	0.25%	0.08%	0%
Dividend yield	—	—	—	—	—	—	0.06%	0.02%	0.02%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	31M	42.4M	63.2M	242.1M	285.2M	274.7M	414.9M	489.2M
Receivables	16.1M	19.8M	23.3M	21.9M	21.2M	32.5M	30.8M	32M
Inventory	—	—	—	—	—	—	—	—
Total current assets	49.9M	65.9M	90.5M	270.8M	312.9M	315.8M	453.2M	527.6M
Property, plant & equipment	499K	12.8M	20.4M	7.2M	8.2M	7.6M	1M	1.1M
Goodwill & intangibles	1.5B	1.5B	1.4B	1.4B	828.2M	896.5M	886.9M	1B
Total assets	820.3M	815.4M	806.8M	969.8M	792.1M	803.3M	906.2M	1B
Accounts payable	14.3M	10.9M	16.6M	14.8M	13.8M	13.3M	2.9M	17.1M
Short-term debt	123.4M	37.3M	3M	3.1M	3M	41.9M	1.2M	36.3M
Total current liabilities	142.6M	50.5M	25.6M	20.8M	116.5M	68.5M	23.4M	68.1M
Long-term debt	323.4M	352.9M	53.8M	46.9M	41.1M	4.4M	37.5M	3.3M
Total liabilities	490.5M	434.7M	107.3M	105.9M	165.8M	75.5M	64.1M	90.2M
Shareholders' equity	329.9M	380.7M	699.5M	863.9M	626.2M	727.9M	842M	950.4M
Total debt	446.8M	390.3M	56.8M	49.9M	44.1M	46.4M	38.7M	39.6M
Net debt	415.8M	347.9M	-6.4M	-192.1M	-173.2M	-160.6M	-296.2M	-348.4M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	271.2M	274.7M	309.5M	339.2M	372.7M	414.9M	455.7M	481.2M	439.2M	489.2M	533.4M	553.8M
Receivables	27.8M	32.5M	34.2M	34M	33.4M	30.8M	29.5M	30.3M	34.1M	32M	28.2M	39.1M
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	305.3M	315.8M	353.7M	380.9M	415.9M	453.2M	489.6M	520.3M	483.5M	527.6M	565M	596.6M
Property, plant & equipment	2.2M	7.6M	6.6M	347K	5M	1M	5M	931K	5.8M	1.1M	6M	5.4M
Goodwill & intangibles	828.2M	896.5M	893.6M	891.6M	892.5M	886.9M	887.6M	890.5M	1B	1B	1B	999.2M
Total assets	760.6M	803.3M	831M	852.6M	879.8M	906.2M	941.9M	971.2M	1B	1B	1.1B	1.1B
Accounts payable	10.4M	13.3M	14.5M	13.2M	13.2M	2.9M	17.1M	22.5M	24.5M	17.1M	23.4M	22.9M
Short-term debt	39.2M	41.9M	39.7M	1.4M	917K	1.2M	1.1M	37.9M	37M	36.3M	35M	1.8M
Total current liabilities	52.8M	68.5M	68.4M	20.4M	19.6M	23.4M	30.5M	66.7M	68.6M	68.1M	68.9M	32M
Long-term debt	176K	4.4M	4M	41.5M	41.6M	37.5M	37.5M	3.3M	3.9M	3.3M	3.7M	35.6M
Total liabilities	62.7M	75.5M	75.7M	66.3M	64.2M	64.1M	74.5M	76.1M	91.2M	90.2M	93.9M	91.1M
Shareholders' equity	697.9M	727.9M	755.3M	786.3M	815.6M	842M	867.5M	895M	925.9M	950.4M	980.4M	1B
Total debt	39.4M	46.4M	43.7M	42.8M	42.6M	38.7M	38.6M	41.2M	40.9M	39.6M	38.7M	37.4M
Net debt	-194.6M	-160.6M	-166.2M	-226.3M	-250.1M	-296.2M	-327.1M	-336.2M	-307.5M	-348.4M	-394.2M	-417.8M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	25.1M	36.3M	53.6M	78.1M	-234M	100.9M	124.4M	102.7M
Depreciation & amortization	30.1M	33.4M	31.6M	17.9M	3.8M	728K	5.2M	7.4M
Stock-based compensation	—	—	—	—	—	—	—	—
Change in working capital	7.2M	-2.8M	2.4M	1.9M	94.9M	-110.9M	8.8M	2.7M
Operating cash flow	77.7M	82.5M	97.1M	104M	-220.3M	20.3M	163M	136.8M
Capital expenditure	-294K	-200K	-217K	-204K	-243K	-193K	-856K	—
Investing cash flow	-294K	-200K	-2.2M	-1.7M	-67.8M	-30.3M	-15.6M	-81.4M
Dividends paid	—	—	—	—	—	—	-311K	-85K
Share repurchases	—	—	—	—	—	—	—	—
Financing cash flow	-374.2M	-214.5M	-110.2M	86M	0	0	-2M	-1.4M
Net change in cash	-296.9M	-132.2M	-15.2M	188.3M	-288.1M	-10M	145.4M	54M
Free cash flow	71.3M	76.5M	99.6M	95.8M	50.5M	20.6M	147.6M	136.5M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	26.9M	26M	30.4M	33.3M	25.2M	35.7M	23.9M	21.9M	32.8M	24.1M	35.4M	32.9M
Depreciation & amortization	55K	570K	827K	87K	-411K	2.7M	1.1M	1.2M	2.5M	2.6M	2.7M	2.8M
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	-4.2M	-6.1M	664K	-8.7M	1.2M	16.4M	4.7M	-2.2M	-1.2M	1.4M	1.6M	-8.5M
Operating cash flow	30.2M	28.9M	38.6M	27.8M	25.9M	76.1M	35.3M	19.7M	33.4M	42.6M	46.4M	24.6M
Capital expenditure	-55K	-20K	-14K	-2K	-273K	-567K	-120K	—	—	—	—	—
Investing cash flow	21.9M	-30.3M	-31.9M	27.2M	-10.4M	-443K	-10M	-7.8M	-308K	-1.2M	-973K	2.1M
Dividends paid	—	—	—	—	—	—	—	0	0	-85K	0	—
Share repurchases	—	—	—	—	—	—	—	—	—	—	—	—
Financing cash flow	—	—	—	—	-171K	—	-207K	-341K	-300K	-506K	-431K	-560K
Net change in cash	52.1M	-1.4M	6.7M	55M	15.3M	75.6M	25.1M	11.5M	32.7M	40.9M	45M	26.1M
Free cash flow	28.7M	29.7M	34.9M	33.6M	30.3M	46.7M	41M	19.7M	33.3M	42.5M	46.4M	24.5M

DoubleDown Interactive Co Ltd Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement