Devsisters데브시스터즈

Devsisters' trailing revenue is still sizeable, but losses have deepened sharply and the share price has fallen about 72% over the past year.

Devsisters, the developer of the Cookie Run mobile games, reported trailing twelve-month revenue of ₩226B to H1 2026, with an operating loss of ₩46.5B and a net loss of ₩39.6B. The business swung from a profit in 2025 to heavy losses on the latest trailing figures, and the shares trade near their 52-week low at ₩12,660 with a market cap of about ₩154B.

What stands out

• Trailing operating margin is -20.6% and net margin is -17.5%, compared with a 2.1% operating margin for full-year 2025.
• Trailing free cash flow is negative at about -₩26.9B, and borrowings of ₩88.7B exceed cash of ₩11.8B.
• Liabilities are 100.2% of equity and the trailing return on equity is -27.5%.
• The stock is down 72% over one year and 26% over three months, while the price sits close to its 52-week low of ₩12,440.
• Price-to-book is 1.1 and price-to-sales is 0.7, but no trailing P/E is available because earnings are negative; the company pays no dividend.
• Foreign ownership rose from 1.9% to 2.8% over about 60 days, while the 20-day investor flows show net foreign buying alongside net institutional and retail selling.
• No news headlines were included in the data, and no analyst ratings or price targets are available.

What to watch

• The Q3 2026 results and any further preliminary earnings releases, given the recent loss trend.
• The details of the half-year report (Jun 2026) on cash flow, borrowings and the game revenue drivers behind the losses.
• Ongoing insider shareholding reports and any filings on financing or capital structure, since the data does not explain the reasons for them.