Codere Online Luxembourg, S.A. (CDRO) fundamental analysis — strengths, weaknesses & financial health based on data analysis
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Codere Online Luxembourg, S.A. (CDRO) stock price & volume — 10-year historical chart
Codere Online Luxembourg, S.A. (CDRO) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Codere Online Luxembourg, S.A. (CDRO) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 7, 2026 | $0.15vs $0.05+225.0% | $74Mvs $66M+13.4% |
| Q1 2026 | Feb 26, 2026 | $0.04vs $0.08-53.8% | $71Mvs $68M+4.4% |
| Q4 2025 | Nov 17, 2025 | $0.04vs $0.06-45.5% | $61Mvs $66M-7.6% |
| Q2 2025 | May 16, 2025 | $0.02vs $0.02-208.2% | $62Mvs $54M+15.1% |
Codere Online Luxembourg, S.A. (CDRO) competitors in Online Sports Betting and iCasino — business model, growth, and fundamentals comparison
Codere Online Luxembourg, S.A. (CDRO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Codere Online Luxembourg, S.A. (CDRO) annual income statement — 10-year revenue, gross profit & net income history
| Metric | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 61.58M | 70.5M | 80.25M | 115.75M | 161.65M | 200.7M | 210.41M | 200.7M |
Revenue Growth % | - | 14.47% | 13.84% | 44.23% | 39.66% | 24.16% | 4.83% | 33.46% |
Cost of Goods Sold | 32.52M | 5.16M | 7.08M | 4.84M | 6.28M | 7.73M | 8.32M | 18.78M |
COGS % of Revenue | 52.81% | 7.32% | 8.82% | 4.18% | 3.88% | 3.85% | 3.96% | - |
Gross Profit | 29.06M▲ 0% | 65.34M▲ 124.8% | 73.17M▲ 12.0% | 110.9M▲ 51.6% | 155.37M▲ 40.1% | 192.97M▲ 24.2% | 202.08M▲ 4.7% | 181.92M▲ 0% |
Gross Margin % | 47.19% | 92.68% | 91.18% | 95.82% | 96.12% | 96.15% | 96.04% | 90.64% |
Gross Profit Growth % | - | 124.83% | 11.99% | 51.56% | 40.09% | 24.2% | 4.72% | - |
Operating Expenses | 77.46M | 79.59M | 144.2M | 166.78M | 170.12M | 188.64M | 196.34M | 177.59M |
OpEx % of Revenue | 125.78% | 112.9% | 179.68% | 144.09% | 105.24% | 93.99% | 93.32% | - |
Selling, General & Admin | 66.34M | 69.43M | 91.8M | 153.63M | 152.29M | 167.33M | 173.24M | 85.59M |
SG&A % of Revenue | 107.72% | 98.49% | 114.38% | 132.73% | 94.21% | 83.37% | 82.34% | - |
Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
R&D % of Revenue | - | - | - | - | - | - | - | - |
Other Operating Expenses | 11.12M | 10.15M | 52.41M | 13.14M | 17.83M | 21.31M | 23.1M | 4M |
Operating Income | -15.88M▲ 0% | -14.25M▲ 10.3% | -71.03M▼ 398.5% | -55.88M▲ 21.3% | -14.75M▲ 73.6% | 4.33M▲ 129.4% | 5.74M▲ 32.5% | 4.33M▲ 0% |
Operating Margin % | -25.78% | -20.21% | -88.51% | -48.27% | -9.13% | 2.16% | 2.73% | 2.16% |
Operating Income Growth % | - | 10.25% | -398.48% | 21.33% | 73.59% | 129.35% | 32.49% | - |
EBITDA | -14.69M | -13.38M | -70.31M | -55.32M | -14.64M | 4.72M | 6.38M | 4.47M |
EBITDA Margin % | -23.85% | -18.98% | -87.61% | -47.79% | -9.06% | 2.35% | 3.03% | 2.23% |
EBITDA Growth % | - | 8.9% | -425.44% | 21.32% | 73.54% | 132.23% | 35.26% | 116.05% |
D&A (Non-Cash Add-back) | 1.19M | 868.34K | 721K | 556K | 114K | 388K | 645K | 136K |
EBIT | -15.88M | -14.25M | -25.63M | -30.77M | -14.75M | 4.33M | 5.74M | 4.33M |
Net Interest Income | -269K | -520K | 3.98M | 12.46M | 1.81M | 603K | 342K | 498K |
Interest Income | 0 | 0 | 4.54M | 25.1M | 1.81M | 603K | 342K | 498K |
Interest Expense | 269K | 520K | 561K | 12.64M | 0 | 0 | 0 | 0 |
Other Income/Expense | -269K | -520K | 3.98M | 12.46M | 5.83M | 1.04M | -2.43M | 1.04M |
Pretax Income | -16.15M▲ 0% | -14.77M▲ 8.5% | -67.05M▼ 354.0% | -43.41M▲ 35.2% | -8.93M▲ 79.4% | 5.37M▲ 160.2% | 3.31M▼ 38.3% | 5.37M▲ 0% |
Pretax Margin % | -26.22% | -20.95% | -83.54% | -37.51% | -5.52% | 2.68% | 1.57% | 2.68% |
Income Tax | -53K | 1.51M | 966K | 2.97M | -6.51M | 1.46M | 2.02M | 1.46M |
Effective Tax Rate % | 0.33% | -10.22% | -1.44% | -6.84% | 72.95% | 27.22% | 60.9% | 27.22% |
Net Income | -16.09M▲ 0% | -16.28M▼ 1.2% | -68.01M▼ 317.8% | -46.38M▲ 31.8% | -2.42M▲ 94.8% | 3.91M▲ 261.7% | 1.29M▼ 66.9% | 3.91M▲ 0% |
Net Margin % | -26.13% | -23.09% | -84.75% | -40.07% | -1.5% | 1.95% | 0.61% | 1.95% |
Net Income Growth % | - | -1.16% | -317.8% | 31.8% | 94.79% | 261.69% | -66.94% | 124.17% |
Net Income (Continuing) | -16.09M | -16.28M | -68.01M | -46.38M | -2.42M | 3.91M | 1.29M | 3.91M |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 96K | 92K | 146K | 145K | 147K | 149K | 152K | 149K |
EPS (Diluted) | -268.22▲ 0% | -1.84▲ 99.3% | -1.51▲ 17.9% | -1.03▲ 31.8% | -0.05▲ 94.8% | 0.08▲ 249.8% | 0.03▼ 62.5% | 0.08▲ 0% |
EPS Growth % | - | 99.31% | 17.93% | 31.79% | 94.82% | 249.81% | -62.5% | 122.43% |
EPS (Basic) | -268.27 | -1.84 | -1.51 | -1.03 | -0.05 | 0.09 | 0.03 | - |
Diluted Shares Outstanding | 60K | 8.87M | 45.19M | 45.12M | 45.27M | 46.07M | 45.89M | 46.67M |
Basic Shares Outstanding | 59.99K | 8.85M | 45.19M | 45.03M | 45.27M | 45.48M | 45.5M | 49.05M |
Dividend Payout Ratio | - | - | - | - | - | - | - | - |
Codere Online Luxembourg, S.A. (CDRO) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
Total Current Assets | 42.12M | 17.3M | 104.67M | 68.33M | 65.28M | 62.92M | 67.48M | 62.92M |
Cash & Short-Term Investments | 12.39M | 15.66M | 98.81M | 60.58M | 51.68M | 53.8M | 59.64M | 53.8M |
Cash Only | 8.02M | 10.9M | 94.91M | 53.81M | 41.28M | 40.31M | 49.98M | 40.31M |
Short-Term Investments | 4.37M | 4.76M | 3.9M | 6.78M | 10.4M | 13.49M | 9.66M | 13.49M |
Accounts Receivable | 29.5M | 835K | 5.12M | 4.27M | 13.19M | 6.92M | 6.33M | 6.92M |
Days Sales Outstanding | 174.85 | 4.32 | 23.3 | 13.47 | 29.78 | 12.59 | 10.99 | 4.98 |
Inventory | -4.37M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Days Inventory Outstanding | - | - | - | - | - | - | - | - |
Other Current Assets | 4.37M | 557K | 0 | 2.79M | 0 | 0 | 0 | 0 |
Total Non-Current Assets | 2.1M | 1.24M | 606K | 983K | 8.52M | 11.62M | 13.38M | 11.62M |
Property, Plant & Equipment | 92K | 116K | 133K | 200K | 331K | 2.41M | 2.44M | 2.41M |
Fixed Asset Turnover | 669.38x | 607.73x | 603.41x | 578.74x | 488.36x | 83.25x | 86.30x | 120.52x |
Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Intangible Assets | 2.01M | 1.13M | 469K | 10K | 10K | 0 | 0 | 0 |
Long-Term Investments | 0 | 0 | 4K | 2K | 0 | 0 | 0 | 0 |
Other Non-Current Assets | 0 | 0 | -602K | 0 | 0 | -1K | 0 | -1K |
Total Assets | 44.23M▲ 0% | 18.55M▼ 58.1% | 105.28M▲ 467.6% | 69.31M▼ 34.2% | 73.8M▲ 6.5% | 74.54M▲ 1.0% | 80.86M▲ 8.5% | 74.54M▲ 0% |
Asset Turnover | 1.39x | 3.80x | 0.76x | 1.67x | 2.19x | 2.69x | 2.60x | 2.74x |
Asset Growth % | - | -58.06% | 467.58% | -34.16% | 6.48% | 1% | 8.48% | 21.55% |
Total Current Liabilities | 54.12M | 37.03M | 31.61M | 42.75M | 52.1M | 44.96M | 49.28M | 44.96M |
Accounts Payable | 18.52M | 13.02M | 19.69M | 23.79M | 31.81M | 24.55M | 22.41M | 24.55M |
Days Payables Outstanding | 207.83 | 921.31 | 1.01K | 1.79K | 1.85K | 1.16K | 982.67 | 582.14 |
Short-Term Debt | 30.24M | 17.78M | 2.98M | 4.24M | 5.11M | 3.37M | 1.81M | 3.37M |
Deferred Revenue (Current) | 457K | 1.85M | 2.43M | 0 | 0 | 0 | 0 | 0 |
Other Current Liabilities | 4.58M | 2.54M | 2.54M | 7.09M | 7.59M | 8.71M | 14.11M | 8.71M |
Current Ratio | 0.78x | 0.47x | 3.31x | 1.60x | 1.25x | 1.40x | 1.37x | 1.40x |
Quick Ratio | 0.86x | 0.47x | 3.31x | 1.60x | 1.25x | 1.40x | 1.37x | 1.40x |
Cash Conversion Cycle | - | - | - | - | - | - | - | -577.16 |
Total Non-Current Liabilities | 21.44M | 21.44M | 5.51M | 2.01M | 408K | 5.36M | 2.88M | 5.36M |
Long-Term Debt | 21.44M | 21.44M | 0 | 710K | 0 | 0 | 0 | 0 |
Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 1.64M | 1.61M | 3.28M |
Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 1.26M | 0 |
Other Non-Current Liabilities | 0 | 0 | 5.51M | 1.3M | 408K | 3.72M | 0 | 3.72M |
Total Liabilities | 75.56M | 58.47M | 37.12M | 44.76M | 52.51M | 50.32M | 52.16M | 50.32M |
Total Debt | 51.68M | 39.23M | 2.98M | 4.95M | 5.11M | 5.37M | 3.93M | 5.37M |
Net Debt | 43.66M | 28.33M | -91.92M | -48.85M | -36.17M | -34.94M | -46.06M | -34.94M |
Debt / Equity | - | - | 0.04x | 0.20x | 0.24x | 0.22x | 0.14x | 0.22x |
Debt / EBITDA | - | - | - | - | - | 1.14x | 0.62x | 1.20x |
Net Debt / EBITDA | - | - | - | - | - | -7.40x | -7.22x | -7.82x |
Interest Coverage | -59.02x | -27.40x | -45.68x | -2.43x | - | - | - | - |
Total Equity | -31.33M▲ 0% | -39.92M▼ 27.4% | 68.15M▲ 270.7% | 24.55M▼ 64.0% | 21.29M▼ 13.3% | 24.22M▲ 13.8% | 28.7M▲ 18.5% | 24.22M▲ 0% |
Equity Growth % | - | -27.42% | 270.71% | -63.98% | -13.28% | 13.78% | 18.49% | -12.03% |
Book Value per Share | -522.22 | -4.50 | 1.51 | 0.54 | 0.47 | 0.53 | 0.63 | 0.52 |
Total Shareholders' Equity | -31.43M | -40.02M | 68.01M | 24.4M | 21.14M | 24.07M | 28.55M | 24.07M |
Common Stock | 60K | 60K | 45.12M | 45.12M | 45.3M | 45.49M | 45.64M | 45.49M |
Retained Earnings | -17.7M | -41.03M | -102.04M | -148.42M | -150.84M | -146.93M | -145.64M | -146.93M |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accumulated OCI | -13.79M | 949K | 18M | 20.78M | 19.76M | 18.59M | 21.62M | 18.59M |
Minority Interest | 96K | 92K | 146K | 145K | 147K | 149K | 152K | 149K |
Codere Online Luxembourg, S.A. (CDRO) cash flow — operating, investing & free cash flow history
| Metric | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
Cash from Operations | -1.24M | 3.43M | -5.19M | -42.36M | -11.58M | 3.94M | 16.51M | 3.94M |
Operating CF Margin % | -2.02% | 4.86% | -6.47% | -36.59% | -7.16% | 1.96% | 7.85% | - |
Operating CF Growth % | - | 375.93% | -251.5% | -715.81% | 72.66% | 134.05% | 318.67% | -6056.31% |
Net Income | -16.15M | -14.77M | -67.05M | -43.41M | -8.93M | 5.37M | 3.31M | 3.91M |
Depreciation & Amortization | 1.19M | 931K | 721K | 556K | 114K | 146K | 121K | 388K |
Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Taxes | 0 | 0 | 0 | -61K | 0 | 0 | 0 | 0 |
Other Non-Cash Items | 155K | -277K | 37.01M | 566.93K | -4.8M | -1.03M | 6.43M | -2.49M |
Working Capital Changes | 13.55M | 17.54M | 24.12M | -3.94K | 2.03M | -541K | 6.65M | 2.14M |
Change in Receivables | -3.78M | 3.68M | 10.32M | -3.94M | -9.27M | 2.14M | 5.28M | 2.14M |
Change in Inventory | 3.77M | -3.42M | 0 | 0 | 0 | 0 | 0 | 0 |
Change in Payables | 17.34M | 13.87M | 13.8M | 14.47M | 11.3M | -2.68M | 1.36M | 0 |
Cash from Investing | -275K | -72K | -83K | -164K | -245K | -256K | -85K | -256K |
Capital Expenditures | -75K | -55K | -80K | -164K | -245K | -256K | -85K | -256K |
CapEx % of Revenue | 0.12% | 0.08% | 0.1% | 0.14% | 0.15% | 0.13% | 0.04% | 0.13% |
Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | - | - | - | - | - | - | - | - |
Other Investing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash from Financing | 6.81M | 254K | 89.33M | 0 | 1.33M | -2.04M | -4.58M | -2.04M |
Debt Issued (Net) | 6.81M | 254K | 441K | 0 | 1.33M | -1.94M | -2.03M | 0 |
Equity Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | -2.36M | -193K |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | -2.36M | -193K |
Other Financing | 0 | 0 | 88.89M | 0 | 0 | -105K | -188K | -1.85M |
Net Change in Cash | 5.39M▲ 0% | 2.88M▼ 46.5% | 84.01M▲ 2813.9% | -41.1M▼ 148.9% | -12.53M▲ 69.5% | -971K▲ 92.3% | 9.68M▲ 1096.5% | 0▲ 0% |
Free Cash Flow | -1.32M▲ 0% | 3.8M▲ 388.6% | -5.27M▼ 238.7% | -42.52M▼ 706.5% | -11.82M▲ 72.2% | 3.69M▲ 131.2% | 16.42M▲ 345.4% | 3.69M▲ 0% |
FCF Margin % | -2.14% | 5.39% | -6.57% | -36.74% | -7.32% | 1.84% | 7.81% | 1.84% |
FCF Growth % | - | 388.61% | -238.7% | -706.54% | 72.19% | 131.18% | 345.43% | 217.78% |
FCF per Share | -21.95 | 0.43 | -0.12 | -0.94 | -0.26 | 0.08 | 0.36 | 0.08 |
FCF Conversion (FCF/Net Income) | 0.08x | -0.21x | 0.08x | 0.91x | 4.79x | 1.01x | 12.78x | 0.94x |
Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 105K |
Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Codere Online Luxembourg, S.A. (CDRO) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | - | -481.87% | -100.07% | -10.55% | 17.18% | 4.88% | 18.11% |
Return on Invested Capital (ROIC) | -2939.96% | - | - | - | - | - | -24.01% |
Gross Margin | 92.68% | 91.18% | 95.82% | 96.12% | 96.15% | 96.04% | 90.64% |
Net Margin | -23.09% | -84.75% | -40.07% | -1.5% | 1.95% | 0.61% | 1.95% |
Debt / Equity | - | 0.04x | 0.20x | 0.24x | 0.22x | 0.14x | 0.22x |
Interest Coverage | -27.40x | -45.68x | -2.43x | - | - | - | - |
FCF Conversion | -0.21x | 0.08x | 0.91x | 4.79x | 1.01x | 12.78x | 0.94x |
Revenue Growth | 14.47% | 13.84% | 44.23% | 39.66% | 24.16% | 4.83% | 33.46% |
Codere Online Luxembourg, S.A. (CDRO) stock FAQ — growth, dividends, profitability & financials explained
Codere Online Luxembourg, S.A. (CDRO) reported $200.7M in revenue for fiscal year 2025. This represents a 226% increase from $61.6M in 2019.
Codere Online Luxembourg, S.A. (CDRO) grew revenue by 4.8% over the past year. Growth has been modest.
Yes, Codere Online Luxembourg, S.A. (CDRO) is profitable, generating $3.9M in net income for fiscal year 2025 (0.6% net margin).
Codere Online Luxembourg, S.A. (CDRO) has a return on equity (ROE) of 4.9%. This is below average, suggesting room for improvement.
Codere Online Luxembourg, S.A. (CDRO) generated $3.7M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.