Bragg Gaming Group Inc. (BRAG) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Bragg Gaming Group Inc. (BRAG) stock price & volume — 10-year historical chart
Bragg Gaming Group Inc. (BRAG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Bragg Gaming Group Inc. (BRAG) competitors in iGaming and Emerging Tech (Blockchain, IoT) — business model, growth, and fundamentals comparison
Bragg Gaming Group Inc. (BRAG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Bragg Gaming Group Inc. (BRAG) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Mar'17 | Mar'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 3.97M | 6.78M | 26.59M | 71.14M | 58.32M | 84.73M | 93.52M | 102M | 167.14M |
| Revenue Growth % | 350.3% | 70.8% | 292.01% | 167.53% | -18.02% | 45.29% | 10.37% | 9.07% | 63.86% |
| Cost of Goods Sold | 1.98M | 3.63M | 14.56M | 44.6M | 30M | 39.65M | 43.58M | 47.96M | 105.84M |
| COGS % of Revenue | 49.94% | 53.49% | 54.76% | 62.7% | 51.44% | 46.8% | 46.6% | 47.02% | 63.32% |
| Gross Profit | 1.99M▲ 0% | 3.16M▲ 58.7% | 12.03M▲ 281.3% | 26.54M▲ 120.6% | 28.32M▲ 6.7% | 45.08M▲ 59.2% | 49.94M▲ 10.8% | 54.05M▲ 8.2% | 61.3M▲ 13.4% |
| Gross Margin % | 50.06% | 46.51% | 45.24% | 37.3% | 48.56% | 53.2% | 53.4% | 52.98% | 36.68% |
| Gross Profit Growth % | 125.43% | 58.69% | 281.29% | 120.59% | 6.72% | 59.18% | 10.77% | 8.22% | 13.43% |
| Operating Expenses | 3.4M | 8.96M | 20.11M | 27.19M | 34.67M | 45.91M | 50.72M | 57.59M | 68.67M |
| OpEx % of Revenue | 85.62% | 132.05% | 75.63% | 38.22% | 59.44% | 54.18% | 54.23% | 56.46% | 41.09% |
| Selling, General & Admin | 3.36M | 8.6M | 11.71M | 27.19M | 26.32M | 34.1M | 35.67M | 38.15M | 68.67M |
| SG&A % of Revenue | 84.65% | 126.74% | 44.03% | 38.22% | 45.12% | 40.25% | 38.15% | 37.4% | 41.09% |
| Research & Development | 0 | 0 | -1.22M | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | -4.6% | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 9.62M | 0 | 8.35M | 11.81M | 15.04M | 19.44M | 0 |
| Operating Income | -1.41M▲ 0% | -13.05M▼ 824.0% | -8.08M▲ 38.1% | -654.38K▲ 91.9% | -6.35M▼ 869.8% | -828K▲ 87.0% | -777K▲ 6.2% | -3.54M▼ 356.0% | -7.37M▼ 108.0% |
| Operating Margin % | -35.56% | -192.36% | -30.39% | -0.92% | -10.88% | -0.98% | -0.83% | -3.47% | -4.41% |
| Operating Income Growth % | -203.11% | -823.99% | 38.07% | 91.9% | -869.77% | 86.95% | 6.16% | -355.98% | -108% |
| EBITDA | -1.37M | -12.69M | -6M | 3.75M | -1.55M | 7.63M | 12.29M | 13.35M | 23.24M |
| EBITDA Margin % | -34.59% | -187.05% | -22.57% | 5.27% | -2.66% | 9% | 13.14% | 13.09% | 13.9% |
| EBITDA Growth % | 53.2% | -823.6% | 52.7% | 162.46% | -141.32% | 592.32% | 61.16% | 8.63% | 74.05% |
| D&A (Non-Cash Add-back) | 38.45K | 360.69K | 2.08M | 4.4M | 4.8M | 8.45M | 13.07M | 16.89M | 30.61M |
| EBIT | -1.42M | -13.78M | -8.08M | -19.81M | -6.44M | -941K | -709K | -3.95M | -7.37M |
| Net Interest Income | -232.52K | -159.2K | -1.75M | -1.38M | -184K | -972K | -2.22M | -2.75M | -1.54M |
| Interest Income | 0 | -1 | 4K | 6K | 61K | 13K | 1K | 0 | 50.42K |
| Interest Expense | 232.52K | 159.2K | 1.76M | 1.39M | 245K | 985K | 2.22M | 2.75M | 1.59M |
| Other Income/Expense | -261.4K | -8.14M | -1.75M | -19.7M | -340K | -1.1M | -2.15M | -3.16M | -2.7M |
| Pretax Income | -1.67M▲ 0% | -13.94M▼ 732.8% | -9.84M▲ 29.4% | -20.35M▼ 106.9% | -6.69M▲ 67.1% | -1.93M▲ 71.2% | -2.93M▼ 51.9% | -6.7M▼ 129.0% | -10.07M▼ 50.3% |
| Pretax Margin % | -42.14% | -205.47% | -36.98% | -28.61% | -11.46% | -2.27% | -3.13% | -6.57% | -6.02% |
| Income Tax | 253.71K | -7.12M | 541K | 1.83M | 826K | 1.56M | 910K | -1.55M | 2.72M |
| Effective Tax Rate % | -15.16% | 51.08% | -5.5% | -9.01% | -12.35% | -80.89% | -31.1% | 23.18% | -27% |
| Net Income | -1.67M▲ 0% | -13.91M▼ 730.9% | -11.95M▲ 14.1% | -22.53M▼ 88.6% | -7.51M▲ 66.7% | -3.48M▲ 53.6% | -3.84M▼ 10.1% | -5.15M▼ 34.2% | -12.79M▼ 148.4% |
| Net Margin % | -42.14% | -204.99% | -44.93% | -31.67% | -12.88% | -4.11% | -4.1% | -5.05% | -7.65% |
| Net Income Growth % | - | -730.86% | 14.08% | -88.59% | 66.66% | 53.62% | -10.1% | -34.18% | -148.43% |
| Net Income (Continuing) | -1.67M | -13.94M | -10.38M | -22.18M | -7.51M | -3.48M | -3.84M | -5.15M | -12.79M |
| Discontinued Operations | 0 | 0 | -1.57M | -346.35K | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -1.23▲ 0% | -5.08▼ 313.0% | -1.64▲ 67.7% | -1.70▼ 3.7% | -0.39▲ 77.1% | -0.16▲ 59.0% | -0.17▼ 6.3% | -0.21▼ 23.5% | -0.51▼ 142.9% |
| EPS Growth % | 84.43% | -313.01% | 67.72% | -3.66% | 77.06% | 58.97% | -6.25% | -23.53% | -142.86% |
| EPS (Basic) | -1.23 | -5.08 | -1.64 | -1.70 | -0.39 | -0.16 | -0.17 | -0.21 | -0.51 |
| Diluted Shares Outstanding | 1.36M | 2.74M | 7.3M | 8.59M | 19.5M | 21.4M | 22.6M | 24.3M | 25.3M |
| Basic Shares Outstanding | 1.36M | 2.74M | 7.3M | 8.59M | 19.5M | 21.4M | 22.6M | 24.3M | 25.3M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - |
Bragg Gaming Group Inc. (BRAG) balance sheet — assets, liabilities & shareholders' equity
| Line item | Mar'17 | Mar'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 1.19M | 3.43M | 8.34M | 36.81M | 26.96M | 29.74M | 29.09M | 33.16M | 50.97M |
| Cash & Short-Term Investments | 249.34K | 1.86M | 682K | 26.1M | 16.01M | 11.29M | 8.8M | 10.47M | 10.71M |
| Cash Only | 249.34K | 1.86M | 682K | 26.1M | 16.01M | 11.29M | 8.8M | 10.47M | 10.71M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 879.93K | 1.28M | 6.18M | 10.45M | 8.51M | 16.63M | 18.64M | 20.07M | 33.98M |
| Days Sales Outstanding | 80.87 | 68.85 | 84.83 | 53.59 | 53.26 | 71.63 | 72.75 | 71.83 | 74.2 |
| Inventory | 0 | 0 | 0 | 249K | 0 | 1.7M | 0 | 0 | 0 |
| Days Inventory Outstanding | 0 | - | - | 2.04 | - | 15.6 | - | - | - |
| Other Current Assets | 59.54K | 0 | 1.14M | 14K | 20K | 128K | 372K | 1.13M | 6.28M |
| Total Non-Current Assets | 20.16K | 6.95M | 35.54M | 35.28M | 56.43M | 74.65M | 74.28M | 73.43M | 108.84M |
| Property, Plant & Equipment | 20.16K | 84.68K | 1.01M | 980K | 831K | 1.24M | 3.87M | 4.85M | 8.32M |
| Fixed Asset Turnover | 197.05x | 80.10x | 26.43x | 72.59x | 70.18x | 68.56x | 24.15x | 21.03x | 20.09x |
| Goodwill | 0 | 5.15M | 19.94M | 19.94M | 24.73M | 31.66M | 31.92M | 32.72M | 50.2M |
| Intangible Assets | 0 | 1.72M | 14.56M | 14.28M | 30.84M | 41.7M | 38.13M | 35.86M | 48.93M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 738.33K |
| Other Non-Current Assets | 0 | 0 | 38K | 87K | 28K | 47K | 348K | 0 | 651.47K |
| Total Assets | 1.21M▲ 0% | 10.39M▲ 759.2% | 43.88M▲ 322.4% | 72.09M▲ 64.3% | 83.39M▲ 15.7% | 104.39M▲ 25.2% | 103.37M▼ 1.0% | 106.59M▲ 3.1% | 159.81M▲ 49.9% |
| Asset Turnover | 3.29x | 0.65x | 0.61x | 0.99x | 0.70x | 0.81x | 0.90x | 0.96x | 1.05x |
| Asset Growth % | -42.9% | 759.19% | 322.44% | 64.3% | 15.67% | 25.18% | -0.98% | 3.12% | 49.92% |
| Total Current Liabilities | 3.33M | 1.31M | 20.8M | 30.04M | 15.32M | 24.31M | 27.9M | 29.11M | 52.59M |
| Accounts Payable | 1.91M | 1.31M | 5.15M | 6.41M | 1.46M | 4.33M | 7.5M | 3.24M | 14.72M |
| Days Payables Outstanding | 351.55 | 131.37 | 128.99 | 52.42 | 17.81 | 39.83 | 62.85 | 24.63 | 50.75 |
| Short-Term Debt | 1.42M | 0 | 185K | 0 | 0 | 109K | 0 | 6.58M | 7.85M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 102K | 27K | 746K | 0 | 0 | 0 |
| Other Current Liabilities | -709.2K | 0 | 10.8M | 11.52M | 0 | 2.5M | 4.43M | 1.24M | 27.09M |
| Current Ratio | 0.36x | 2.63x | 0.40x | 1.23x | 1.76x | 1.22x | 1.04x | 1.14x | 0.97x |
| Quick Ratio | 0.36x | 2.63x | 0.40x | 1.22x | 1.76x | 1.15x | 1.04x | 1.14x | 0.97x |
| Cash Conversion Cycle | -270.68 | - | - | 3.21 | - | 47.4 | - | - | - |
| Total Non-Current Liabilities | 0 | 0 | 16.46M | 2.15M | 1.88M | 10.55M | 5.2M | 3.98M | 6.36M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 6.65M | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 674K | 593K | 451K | 344K | 2.57M | 2.81M | 4.38M |
| Deferred Tax Liabilities | 0 | 0 | 1.54M | 1.42M | 1.24M | 1.2M | 852K | 680K | 818.76K |
| Other Non-Current Liabilities | 0 | 0 | 14.25M | 147K | 184K | 233K | 1.78M | 487K | 1.16M |
| Total Liabilities | 3.33M | 1.31M | 37.26M | 32.2M | 17.2M | 34.85M | 33.12M | 33.1M | 58.95M |
| Total Debt | 1.42M | 0 | 1.04M | 726K | 600K | 7.39M | 3.28M | 10.28M | 12.23M |
| Net Debt | 1.17M | -1.86M | 362K | -25.38M | -15.41M | -3.89M | -5.52M | -191K | 1.52M |
| Debt / Equity | - | - | 0.16x | 0.02x | 0.01x | 0.11x | 0.05x | 0.14x | 0.12x |
| Debt / EBITDA | - | - | - | 0.19x | - | 0.97x | 0.27x | 0.77x | 0.53x |
| Net Debt / EBITDA | - | - | - | -6.77x | - | -0.51x | -0.45x | -0.01x | 0.07x |
| Interest Coverage | -6.07x | -81.97x | -4.60x | -0.47x | -25.90x | -0.84x | -0.35x | -1.29x | -4.64x |
| Total Equity | -2.12M▲ 0% | 9.08M▲ 527.7% | 6.62M▼ 27.1% | 39.9M▲ 503.0% | 66.19M▲ 65.9% | 69.53M▲ 5.0% | 69.95M▲ 0.6% | 73.5M▲ 5.1% | 100.86M▲ 37.2% |
| Equity Growth % | -318.08% | 527.73% | -27.15% | 503.04% | 65.91% | 5.04% | 0.59% | 5.08% | 37.23% |
| Book Value per Share | -1.57 | 3.31 | 0.91 | 4.64 | 3.39 | 3.25 | 3.09 | 3.02 | 3.99 |
| Total Shareholders' Equity | -2.12M | 9.08M | 6.62M | 39.9M | 66.19M | 69.53M | 69.95M | 73.5M | 100.86M |
| Common Stock | 5.85M | 23.16M | 40.2M | 62.3M | 100.28M | 109.9M | 120.02M | 131.73M | 215.46M |
| Retained Earnings | -8.68M | -21.42M | -46.66M | -61.23M | -68.74M | -72.23M | -76.06M | -81.21M | -143.9M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 28.31K | 93.39K | -212K | -150K | 2.48M | 4.09M | 2.92M | 5.3M | 875.06K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Bragg Gaming Group Inc. (BRAG) cash flow — operating, investing & free cash flow history
| Line item | Mar'17 | Mar'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -1.23M | -4.11M | -98K | 6.73M | 115K | 5.75M | 11.74M | 11.16M | 26.75M |
| Operating CF Margin % | -30.99% | -60.62% | -0.37% | 9.46% | 0.2% | 6.79% | 12.55% | 10.94% | 16% |
| Operating CF Growth % | 54.42% | -234.07% | 97.62% | 6966.33% | -98.29% | 4902.61% | 104.05% | -4.92% | 139.63% |
| Net Income | -1.67M | -13.94M | -10.38M | -14.48M | -7.51M | -3.48M | -3.84M | -5.15M | -12.79M |
| Depreciation & Amortization | 38.45K | 360.69K | 2.08M | 2.87M | 4.8M | 8.45M | 13.07M | 16.89M | 30.61M |
| Stock-Based Compensation | 23.8K | 2.64M | 1.65M | 2.96M | 4.67M | 3.77M | 2.06M | 809K | 0 |
| Deferred Taxes | 0 | 7.27M | -112K | -125K | -172K | 1.56M | 910K | -1.55M | -267.86K |
| Other Non-Cash Items | 41.39K | 7.77M | 7.1M | 10.64M | 331K | -902K | -2K | 4M | 4.12M |
| Working Capital Changes | 339.09K | -943.28K | -438K | 4.85M | -2M | -3.65M | -455K | -3.84M | 5.07M |
| Change in Receivables | -373.35K | -440.21K | -2.92M | -4.04M | 2.25M | -7.74M | -2.01M | -1.43M | -1.64M |
| Change in Inventory | 0 | 0 | 0 | 4.04M | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 724.16K | -532.3K | 2.43M | 8.11M | -2.7M | 4.31M | 2.3M | -1.9M | 8.55M |
| Cash from Investing | -8.88K | 1.24M | -2.3M | -2.78M | -23.88M | -16.87M | -9.72M | -13.17M | -24.76M |
| Capital Expenditures | -8.88K | -446.18K | -1.68M | -2.51M | -123K | -544K | -332K | -1.06M | -23.41M |
| CapEx % of Revenue | 0.22% | 6.58% | 6.3% | 3.53% | 0.21% | 0.64% | 0.36% | 1.04% | 14% |
| Acquisitions | 0 | 1.69M | -639K | -268K | -20.85M | -9.04M | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | -369.27K | 16K | -527K | -2.91M | -7.29M | -9.39M | -12.11M | -630.26K |
| Cash from Financing | 1.23M | 4.43M | -521K | 22.26M | 12.41M | 6.9M | -4.17M | 3.61M | -6.18M |
| Debt Issued (Net) | 1.23M | -222.9K | -484K | -212K | -171K | 7.2M | -4.4M | 4.37M | -4.23M |
| Equity Issued (Net) | 0 | 1000K | 0 | 1000K | 1000K | 0 | 0 | 0 | 78.78K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 0 | 176.98K | -37K | 10.35M | 11.27M | -307K | 231K | -752K | -2.03M |
| Net Change in Cash | 23.93K▲ 0% | 1.64M▲ 6754.9% | -4.8M▼ 392.5% | 25.42M▲ 629.8% | -10.1M▼ 139.7% | -4.72M▲ 53.3% | -2.49M▲ 47.2% | 1.67M▲ 167.1% | -4.15M▼ 348.5% |
| Free Cash Flow | -1.24M▲ 0% | -4.56M▼ 267.7% | -1.77M▲ 61.1% | 4.22M▲ 338.0% | -3.15M▼ 174.7% | -2.17M▲ 31.2% | 2.02M▲ 193.0% | -2M▼ 199.5% | 26.17M▲ 1405.3% |
| FCF Margin % | -31.22% | -67.2% | -6.67% | 5.93% | -5.4% | -2.56% | 2.16% | -1.97% | 15.66% |
| FCF Growth % | 54.43% | -267.66% | 61.1% | 338.01% | -174.67% | 31.2% | 192.99% | -199.45% | 1405.33% |
| FCF per Share | -0.91 | -1.66 | -0.24 | 0.49 | -0.16 | -0.10 | 0.09 | -0.08 | 1.03 |
| FCF Conversion (FCF/Net Income) | 0.74x | 0.30x | 0.01x | -0.30x | -0.02x | -1.65x | -3.06x | -2.17x | -2.09x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Bragg Gaming Group Inc. (BRAG) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2015 | 2016 | 2017 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | - | - | -399.69% | -152.22% | -96.88% | -14.16% | -5.13% | -5.5% | -7.18% | -14.67% |
| Return on Invested Capital (ROIC) | 96.99% | -993.86% | -311.96% | -85.35% | -4.57% | -14.58% | -1.07% | -0.9% | -3.86% | -6.29% |
| Gross Margin | 100% | 50.06% | 46.51% | 45.24% | 37.3% | 48.56% | 53.2% | 53.4% | 52.98% | 36.68% |
| Net Margin | - | -42.14% | -204.99% | -44.93% | -31.67% | -12.88% | -4.11% | -4.1% | -5.05% | -7.65% |
| Debt / Equity | 0.82x | - | - | 0.16x | 0.02x | 0.01x | 0.11x | 0.05x | 0.14x | 0.12x |
| Interest Coverage | 14.60x | -6.07x | -81.97x | -4.60x | -0.47x | -25.90x | -0.84x | -0.35x | -1.29x | -4.64x |
| FCF Conversion | - | 0.74x | 0.30x | 0.01x | -0.30x | -0.02x | -1.65x | -3.06x | -2.17x | -2.09x |
| Revenue Growth | -31.83% | 350.3% | 70.8% | 292.01% | 167.53% | -18.02% | 45.29% | 10.37% | 9.07% | 63.86% |
Bragg Gaming Group Inc. (BRAG) stock FAQ — growth, dividends, profitability & financials explained
Bragg Gaming Group Inc. (BRAG) reported $123.3M in revenue for fiscal year 2025. This represents a 26976713% increase from $0.0M in 2004.
Bragg Gaming Group Inc. (BRAG) grew revenue by 63.9% over the past year. This is strong growth.
Bragg Gaming Group Inc. (BRAG) reported a net loss of $8.9M for fiscal year 2025.
Bragg Gaming Group Inc. (BRAG) has a return on equity (ROE) of -14.7%. Negative ROE indicates the company is unprofitable.
Bragg Gaming Group Inc. (BRAG) generated $12.7M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
Bragg Gaming Group Inc. (BRAG) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates