GRVY GRAVITY Co., Ltd.
Price Chart
Executive Summary
GRAVITY reported strong Q1 2026 results with total revenue up 17.8% YoY to $106.3M and net profit up 33.4% YoY to $19.3M, driven by successful launches of Ragnarok: The New World and Ragnarok Origin Classic. Operating profit surged 24.7% YoY to $20.2M, reflecting improved operational efficiency. No forward guidance was provided, but the robust performance underscores momentum in the Ragnarok IP franchise.
Actionable Insight
Strong Q1 results with accelerating growth from new game launches. Watch for upcoming launches in 2H 2026 (Ragnarok Origin Classic in Americas, Ragnarok: The New World in Southeast Asia/Global) as potential catalysts. No guidance provided, so monitor next quarter for sustainability of momentum.
Key Facts
- Total revenue: $106.3M, up 17.8% YoY and 42.7% QoQ
- Operating profit: $20.2M, up 24.7% YoY and 163.1% QoQ
- Net profit attributable to parent: $19.3M, up 33.4% YoY and 138.7% QoQ
- EPS: $2.78 (basic and diluted), up from $2.08 in Q1 2025
- Mobile game revenue grew 15.0% YoY to $87.2M, driven by new title launches
- Online game revenue grew 37.8% YoY to $17.0M, led by Ragnarok Online in Japan and Thailand
Financial Impact
Revenue grew 17.8% YoY to $106.3M; operating profit grew 24.7% YoY to $20.2M; net profit grew 33.4% YoY to $19.3M
Risk Factors
- Heavy reliance on Ragnarok IP for revenue concentration
- Intense competition in mobile gaming market
- Currency exposure (KRW/USD) could impact reported USD results
- No forward guidance limits visibility into future performance
Market Snapshot
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3290921 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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May 8, 2026
4w ago
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6-K
| $65.46 $58.19 | ▼ −11.11% | ▼ −11.13% | $57.40 (−12.31%) |
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May 8, 2026
4w ago
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Press Release
| $65.46 $58.19 | ▼ −11.11% | ▼ −11.13% | $57.40 (−12.31%) |
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Apr 24, 2026
6w ago
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Press Release
| $62.82 $62.05 | ▼ −1.23% | ▼ −5.25% | $57.40 (−8.63%) |
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Mar 27, 2026
10w ago
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6-K
| $61.40 $61.00 | ▼ −0.65% | ▼ −13.39% | $57.40 (−6.51%) |
US Market Status
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