Overview
Varsav Game Studios is a game development studio that focuses on its own projects, including Giants Uprising, Bee Simulator, and Barkour. It also engages in publishing activities, having published Everdream Valley and co-produced The Path of Calydra. Additionally, the company invests in five Polish video game studios.
Financials
Revenue history (in k)
Data and insights are generated automatically based on financial statements and may contain errors. This analysis is for informational purposes only and does not constitute an official assessment of the company's credibility or business advice.
Stock quotes
- Open
- PLN 0.74
- High
- PLN 0.75
- Low
- PLN 0.70
- Volume
- 39.1K
- Avg. vol.
- 25.43K
- Market cap
- PLN 18.54M
- P/E ratio
- —
- EPS
- -PLN 0.04
- Shares outstanding
- 25.05M
- 52-week
- PLN 0.57 – 0.75
- Dividend yield
- —
- Dividend
- —
- Ex dividend date
- —
- ISIN
- PLYORIM00019
- Exchange
- NewConnect
Quarterly results
| Period | Revenue | EBIT | Net profit |
|---|---|---|---|
| Q2 2026 | USD 337.12k | USD 81.85k | USD 34.85k |
| Q1 2026 | USD 350.08k | USD 59.16k | USD 44.57k |
| Q4 2025 | USD 369.66k | USD 141.64k | USD 139.63k |
| Q3 2025 | USD 312.66k | USD 18.83k | USD 6.28k |
Results for Q3 2026:Nov 16, 2026
Statistics
How the company ranks by revenue within its industry, region and across Poland in 2025.
Results vs industry
News
Industry
Bank accounts
Registered as a VAT taxpayer on 2011-04-22. Active
44 1020 2313 0000 3402 0527 9486- 89 1020 1013 0000 0102 0365 9125
- 69 1020 1013 0000 0902 0399 6071
Debt
No entries in the National Debtors Register (KRZ). No proceedings in KRZ
Public aid
8 public aid cases recorded, with a total value of $1,071,339.
| Grant date | Purpose | Gross amount | Granting body | |
|---|---|---|---|---|
| May 4, 2026 | De minimis aid (in accordance with Commission Regulation 2023/2831) | —— | CENTRUM ROZWOJU PRZEMYSŁÓW KREATYWNYCH | |
| Jun 28, 2021 | De minimis aid (in accordance with Commission Regulation No 1407/2013 or earlier) | —— | Minister Kultury, Dziedzictwa Narodowego i Sportu | |
| May 12, 2021 | Aid for research and development projects: industrial research | —— | Dyrektor Narodowego Centrum Badań i Rozwoju |
Tenders
No recorded participation in tenders.
Authorized Representatives
Manner of representation
Each member of the management board has the right to represent the company independently.
Supervisory board
Beneficial owners
| Person | Rights | |
|---|---|---|
Łukasz Rosiński (42)  | Beneficjent rzeczywisty spółki varsav s.a. posiadającej 33,33% varsav game studios s.a. |
Subsidiaries
| Name | Share value | Stake | ||
|---|---|---|---|---|
Cyber Rain Gamessp. z o.o. | 1,080.50 USD | 40% | ||
Warhound Gamessp. z o.o. | 1,350.62 USD | 100% | ||
Perimeter Gamessp. z o.o. | 661.80 USD | 30.0613% |
Competitors
| Name | Revenue | Website | ||
|---|---|---|---|---|
| MD GamesS.A. | $1,184,168.34 | mdgamespublishing.com | ||
| Pretty SoonS.A. | $1,010,575.42 | prettysoon.games | ||
| ALL In! GamesS.A. | $997,127.29 | allingames.com | ||
| Destructive Creationssp. z o.o. | $961,765.89 | destructivecreations.pl | ||
| Awesome Games Studiosp. z o.o. | $927,364.62 | awesomegamesstudio.com | ||
| FreemindS.A. | $874,597.17 | freemind.games | ||
| GamehuntersS.A. | $786,923.55 | gamehunters-studio.com | ||
| Spacewalkerssp. z o.o. | $725,168.53 | spacewalkers.games | ||
| Spacerocket GamesS.A. | $658,021.63 | spacerocket.games | ||
| SIM FarmS.A. | $476,339.79 | sim-farm.com |
Change history
| Date | Event | |
|---|---|---|
| 2026-08-31 | Share capital change (2,004,999.90 PLN → 2,504,999.90 PLN) | |
| 2022-02-22 | Address change (Ul. Wilcza 28/10, 00-544, Warszawa → Aleje Jerozolimskie 123a, 02-017, Warszawa) | |
| 2019-02-19 | Share capital change (1,804,999.90 PLN → 2,004,999.90 PLN) | |
| 2018-08-21 | Address change (Ul. Wojciecha Górskiego 6/24, 00-033, Warszawa → Ul. Wilcza 28/10, 00-544, Warszawa) | |
| 2018-08-21 | Name change (Varsav Vr → Varsav Game Studios) |
FAQ
Last updated: 2026-08-31