Gravity (ADR) (GRVY)
Develops and publishes Ragnarok games across online and mobile formats.
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Develops and publishes online and mobile games built around the Ragnarok franchise. Mobile games provide most revenue, while regional subsidiaries distribute and service games across Asian markets and the United States.
Develops and publishes online and mobile games, with Ragnarok Online, Ragnarok Zero, Ragnarok M, Ragnarok X, and newer franchise titles forming the core catalogue. It also has indie and console releases, webtoons, merchandising, and golf simulators.
Mobile games are the largest revenue line, while online games remain a separate line. Releases are supported by regional subsidiaries and service entities across Asian markets and the United States.
Ragnarok M: Classic and Ragnarok X: Next Generation have been launched in multiple regions, alongside online-game launches such as Ragnarok Online America Latina and Ragnarok Zero. The business operates under the control of GungHo Online Entertainment.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $150.1M · Total debt $0 · Total assets $547.3M · Shareholders' equity $469.4M
- Revenue
- $119.3M
- Operating income
- $20.3M
- Net income
- $17.9M
Reported in KRW, converted at the latest exchange rate
No dividends on record.
| Institutions | 16.75% | 1.16M ADS | |
|---|---|---|---|
| 59 holders · as of Jun 30, 2026 | |||
| Other | 83.25% | 5.79M ADS | |
| remainder | |||
6.95M ADS as of Sep 5, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
The share count is from the company's Dec 2022 annual report; nothing newer is on file here.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Acadian Asset Management LLCInstitution | 3.15% | 219,198 ADS | as of Jun 30, 2026 |
Morgan StanleyInstitution | 2.29% | 159,127 ADS | as of Jun 30, 2026 |
Ranmore Fund Management LtdInstitution | 2.01% | 139,744 ADS | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 1.03% | 71,402 ADS | as of Jun 30, 2026 |
UBS Group AGInstitution | 0.95% | 66,103 ADS | as of Jun 30, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
Not reported.