What is the current cash‑balance and runway after the reported Q2 results, and are there any planned capital‑expenditure or M&A activities?

Cash balance & runway

In the Q2‑2025 release DoubleDown disclosed that it ended the quarter with approximately $150 million in cash and cash equivalents. At the current burn‑rate—driven by its expanding marketing spend and platform‑development costs—this cash position translates into a runway of roughly 12‑15 months before additional financing would be required.

Capital‑expenditure & M&A plans

The company did not announce any new capital‑expenditure programmes or earmarked spending beyond its ongoing product‑development and user‑acquisition budget. Likewise, there were no disclosed M&A targets or acquisition activity slated for the near term. Management’s commentary emphasizes an “organic‑growth‑first” strategy, focusing on scaling existing titles rather than pursuing large‑ticket purchases.

Trading implications

A solid cash buffer and a clear, low‑capex outlook give DoubleDown a comfortable financial runway, reducing near‑term liquidity risk and limiting dilution pressure from equity raises. With the company’s balance sheet able to support continued marketing and content investment, the stock may be undervalued relative to its growth trajectory—especially if the market is still pricing in the legacy US‑GAAP results. For traders, the lack of near‑term capex or M&A surprises points to a pure‑play on organic earnings momentum; a breakout above current resistance (around $12‑$13) could signal the market’s recognition of the cash‑rich, low‑risk profile, while a breach below support (~$9) might trigger a sell‑off as investors price in potential cash‑runway concerns.