GRAVITY Co., Ltd. American Depository Shares (GRVY)

Nasdaq: GRVY · Services-Computer Processing & Data Preparation · Seoul, KR · filing with the SEC since 2005

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Grade4.7

◀ Past 5.1● Present 5.8▶ Future 2.8

2 est.

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

The grade of GRAVITY Co., Ltd. American Depository Shares

Nine metrics read from its own filings, by tense

Headline grade

4.7/10

◀ Past5.130% of the headline

● Present5.840% of the headline

▶ Future2.830% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

5.1/1030% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed

7.5/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 33% of this tense · 75th percentile among 77 sector filers · read for itself

From the record

GRAVITY Co., Ltd. American Depository Shares' filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed

5.3/10

What has it actually done, year after year?

+9.7% a year over 7 filed years; profitable in 7 of 7.

weight 45% of this tense · 53rd percentile among 64 sector filers · read for its customers

From the record

GRAVITY Co., Ltd. American Depository Shares' 7 filed years say what it did: revenue went from KRW 287 billion in fiscal 2018 to KRW 501 billion in fiscal 2024, up 9.7% a year; it rose in 5 of 6 years; the deepest fall was 31% from fiscal 2023 to fiscal 2024; net income was positive in 7 of 7 of those years (its annual reports).

What it rests on

revenue growth over the filed span9.7%bottom 40% of its family
the share of years revenue rosetop 47% of its family
the share of filed years with a profittop 11% of its family
the deepest fall from a revenue peak31.0%bottom 29% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate

1.2/10

How has it treated the people who own it?

SI estimate 1.2/10, confidence 35 of 100 (one part).

weight 22% of this tense · 12th percentile among 69 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: Read from one part only, the cash returned against operating cash flow, which ranks in the bottom 12% of 69 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read: Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned: one part: cash returned against operating cash flow, the one part on file, ranked among 69 in its family.
Confidence: 35 of 100
What would change it: A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: GRAVITY Co., Ltd. American Depository Shares's shareholder treatment is put at 1.2 of 10 with a confidence of 35 of 100, because read from one part only, the cash returned against operating cash flow, which ranks in the bottom 12% of 69 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

5.8/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed

6.4/10

Is it financially healthy right now?

ROE 15%: 15¢ of profit per shareholder dollar. Leverage 17%: owes 17¢ per asset dollar.

weight 33% of this tense · 64th percentile among 69 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2024-12-31, GRAVITY Co., Ltd. American Depository Shares earned about 15 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 28 cents per dollar of everything the company owns. Leverage: it owed about 17 cents per dollar of assets (the filed statements).

What it rests on

what it owes per dollar of assetstop 19% of its family
return on equitytop 33% of its family
gross profit against assetsbottom 45% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed

5.8/10

How strong is its position in its industry?

top 42% of 68 in its family; net margin 17%.

weight 45% of this tense · 58th percentile among 68 sector filers · read for its customers

From the record

GRAVITY Co., Ltd. American Depository Shares' standing among 68 graded names in its industry family: revenue of KRW 501 billion in fiscal 2024 is not ranked by size, since the family reports in another currency; a net margin of 17% ranks in the top 26%; revenue growth of 6.6% a year over the last 3 filed years ranks in the bottom 42% (its annual reports).

What it rests on

net margin17.0%top 26% of its family
three-year revenue growth6.6%bottom 42% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate

4.9/10

What are the people in charge doing?

SI estimate 4.9/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 47 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 47 members with one.
What the record cannot read: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned: family median, 47 readings behind it.
Confidence: 20 of 100
What would change it: Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: GRAVITY Co., Ltd. American Depository Shares's leadership is put at 4.9 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 47 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

2.8/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed

4.2/10

How much room does it have to grow?

bottom 42% of 68 in its family for room to expand.

weight 22% of this tense · 42nd percentile among 68 sector filers · read for itself

From the record

GRAVITY Co., Ltd. American Depository Shares' room to grow, from the newest filed statements (fiscal 2024): cash of KRW 229 billion against no long-term debt tagged leaves 33.3% of its assets as net cash, top 31% of its family; cash from operations less capital spending is 15.6% of revenue (top 32%); a gross margin of 38.7% (bottom 25%); research spending of 3% of revenue (bottom 6%) (its annual report).

What it rests on

cash less debt against assets33.3%top 31% of its family
cash from operations less capital spending against revenue15.6%top 32% of its family
gross margin38.7%bottom 25% of its family
research spending against revenue3.0%bottom 6% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed

2.8/10

What could actually drive growth from here?

bottom 28% of 64 in its family for growth drivers.

weight 45% of this tense · 28th percentile among 64 sector filers · read for its customers

From the record

GRAVITY Co., Ltd. American Depository Shares' growth drivers, from the filed years to fiscal 2024: revenue grew 6.6% a year over the last three filed years against 9.7% over all 7, slowing (bottom 43% of its family); the newest year grew -30.9% (bottom 4%); research spending grew -2.7% a year (bottom 42%); capital spending grew -29.4% a year (bottom 25%) (its annual reports). GRAVITY Co., Ltd. American Depository Shares tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

three-year growth against the whole span-3.2 points a yearbottom 43% of its family
the newest year's revenue growth-30.9%bottom 4% of its family
three-year growth of research spending-2.7%bottom 42% of its family
three-year growth of capital spending-29.4%bottom 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed

1.8/10

Did its newest year beat what its own record pointed to?

bottom 18% of 54 in its family for expectations against reality.

weight 33% of this tense · 18th percentile among 54 sector filers · read for its shareholders

From the record

GRAVITY Co., Ltd. American Depository Shares' newest year against its own record: revenue of KRW 501 billion in fiscal 2024 came in 47.9% below the KRW 961 billion its prior three years' pace pointed to (bottom 3% of its family); net income of KRW 85 billion against a prior three-year average of KRW 94 billion (bottom 24%); a net margin of 17% against 17.3% before (bottom 27%) (its annual reports).

What it rests on

revenue against the prior three years' pace-47.9%bottom 3% of its family
net income against the prior three years' average-9%bottom 24% of its family
net margin against its prior average-0.4 pointsbottom 27% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton GRVY · research, not advice