Company description

Gravity is an online and mobile games developer and publisher based in Korea. We generate revenue from online games, mobile games and other sources (including character based merchandise and animation). Our historical principal product, Ragnarok Online, is an online game available in 91 markets. Revenues from Ragnarok Online increased in 2025, representing 15.2% of our total revenues for the year ended December 31, 2025, compared to 14.2% of our total revenues in 2024. This increase was primarily due to increased revenue from Ragnarok Online in Brazil and Taiwan in 2025, as discussed below. Our focus on mobile games has increased in recent years, and mobile games represented 81.2% of our total revenues for the year ended December 31, 2025. Our principal mobile games, Ragnarok M: Classic, Ragnarok X: Next Generation, Ragnarok Origin and Ragnarok M: Eternal Love accounted for 27.6%, 13.4%, 11.1% and 6.9%, respectively, of our total revenues for the year ended December 31, 2025. In 2024, Ragnarok Origin accounted for 42.1% of our total revenues. We intend to continue to diversify our product offering by developing online and mobile games in-house or through outsourcing as well as publishing additional games developed by third parties. Our main geographic markets in terms of revenues for the year ended December 31, 2025, were Taiwan, Indonesia, Thailand, the United States and the Philippines. Online Games Online games are a genre of computer games in which a large number of players interact with one another within a virtual game world.

Read the full filing description · filed 24 Apr 2026

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Services-Computer Processing & Data Preparation