GRVY GRAVITY Co., Ltd.
Price Chart
Executive Summary
Gravity reported strong Q1 2026 results with total revenue up 17.8% YoY to KRW 161,878 million and net profit up 33.4% YoY to KRW 29,394 million, driven by mobile game launches including Ragnarok The New World and Ragnarok Origin Classic. The company also provided a robust pipeline of upcoming game releases across multiple regions, reinforcing its growth trajectory.
Actionable Insight
Strong Q1 beat with accelerating mobile revenue and a packed launch pipeline supports positive momentum. Watch for execution on upcoming Ragnarok titles in Korea, Southeast Asia, and the Americas through H2 2026, which could drive further upside.
Key Facts
- Total revenue KRW 161,878 million (US$106,254k), +17.8% YoY and +42.7% QoQ
- Operating profit KRW 30,830 million (US$20,236k), +24.7% YoY and +163.1% QoQ
- Net profit attributable to parent KRW 29,394 million (US$19,294k), +33.4% YoY and +138.7% QoQ
- Mobile game revenue KRW 132,800 million (US$87,168k), +15.0% YoY, driven by new launches
- Cash and equivalents + short-term instruments KRW 611,615 million (US$401,454k) as of March 31, 2026
- Multiple upcoming game launches planned through 2027 across Asia, Americas, and Global markets
Financial Impact
Revenue increased 17.8% YoY to ~$106M; operating profit up 24.7% YoY to ~$20M; net profit up 33.4% YoY to ~$19M
Risk Factors
- Heavy reliance on Ragnarok IP for majority of revenue
- Cost of revenue grew 26% YoY, outpacing revenue growth, pressuring gross margin
- Competition in mobile gaming and potential slowdown in older titles
Market Snapshot
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001628280-26-032533 |
| Document: 0001628280-26-032533-index-headers.html | 0001628280-26-032533 |
| Document: 0001628280-26-032533-index.html | 0001628280-26-032533 |
| Document: 0001628280-26-032533.txt | 0001628280-26-032533 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
May 8, 2026
12d ago
|
6-K
| $65.46 $62.85 | ▼ −3.99% | ▼ −5.45% | $63.36 (−3.21%) |
|
May 8, 2026
12d ago
|
Press Release
| $65.46 $62.85 | ▼ −3.99% | ▼ −5.45% | $63.36 (−3.21%) |
|
Apr 24, 2026
26d ago
|
Press Release
| $62.82 $61.38 | ▼ −2.29% | ▼ −3.20% | $63.36 (+0.86%) |
|
Mar 27, 2026
7w ago
|
6-K
| $61.40 $61.40 | · 0.00% | ▼ −3.86% | $63.36 (+3.19%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access