← Back to Screener
ScreenerNewsCompareWatchlist
VCP ScannerFree US Stock Screener & Financial AnalysisFree US Stock Screener
ScreenerThemesNewsCompareWatchlist
AnalyzeValuationTotal ReturnDCA CalculatorInsider Activity

CDRO logoCodere Online Luxembourg, S.A.(CDRO)Earnings, Financials & Key Ratios

CDRO•NASDAQ
$8.94
$407M mkt cap·253.9× P/E·Price updated May 6, 2026
SectorConsumer CyclicalIndustryCasinos & GamingSub-IndustryOnline Sports Betting and iCasino
AboutCodere Online Luxembourg, S.A. operates as an online casino gaming and sports betting company. The company also offers online casino wagering products and services. It primarily operates in Spain, Italy, Mexico, Colombia, Panama, and Argentina. The company is based in Luxembourg, Luxembourg.Show more
  • Revenue$210M+4.8%
  • EBITDA$6M+35.3%
  • Net Income$1M-66.9%
  • EPS (Diluted)0.03-62.5%
  • Gross Margin96.04%-0.1%
  • EBITDA Margin3.03%+29.0%
  • Operating Margin2.73%+26.4%
  • Net Margin0.61%-68.5%
  • ROE4.88%-71.6%
  • Debt/Equity0.14-38.2%
Technical→

CDRO Key Insights

Codere Online Luxembourg, S.A. (CDRO) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Strong 5Y sales CAGR of 24.4%
  • ✓Efficient asset utilization: 2.6x turnover

✗Weaknesses

  • ✗Weak 3Y average ROE of 3.8%
  • ✗Expensive at 12.2x book value

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

CDRO Price & Volume

Codere Online Luxembourg, S.A. (CDRO) stock price & volume — 10-year historical chart

Loading chart...

CDRO Growth Metrics

Codere Online Luxembourg, S.A. (CDRO) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years24.45%
3 Years22.04%
TTM33.46%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM124.17%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM122.43%

Return on Capital

10 Years-490.14%
5 Years-78.89%
3 Years-8.5%
Last Year18.77%

CDRO Recent Earnings

Codere Online Luxembourg, S.A. (CDRO) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 5/12 qtrs (50%)●Beat Revenue 6/12 qtrs (60%)
Q1 2026Latest
Feb 26, 2026
EPS
$0.04
Est $0.08
-53.8%
Revenue
$71M
Est $68M
+4.4%
Q4 2025
Nov 17, 2025
EPS
$0.04
Est $0.06
-45.5%
Revenue
$61M
Est $66M
-7.6%
Q2 2025
May 16, 2025
EPS
$0.02
Est $0.02
-208.2%
Revenue
$62M
Est $54M
+15.1%
Q2 2025
May 13, 2025
EPS
$0.05
Est $0.02
+130.8%
Revenue
$51M
Est $54M
-4.7%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q1 2026LatestFeb 26, 2026
$0.04vs $0.08-53.8%
$71Mvs $68M+4.4%
Q4 2025Nov 17, 2025
$0.04vs $0.06-45.5%
$61Mvs $66M-7.6%
Q2 2025May 16, 2025
$0.02vs $0.02-208.2%
$62Mvs $54M+15.1%
Q2 2025May 13, 2025
$0.05vs $0.02+130.8%
$51Mvs $54M-4.7%
Based on last 12 quarters of dataView full earnings history →

CDRO Peer Comparison

Codere Online Luxembourg, S.A. (CDRO) competitors in Online Sports Betting and iCasino — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
DKNG logoDKNGDraftKings Inc.Direct Competitor11.86B23.92-2953.0926.99%0.06%0.46%3.06
FLUT logoFLUTFlutter Entertainment plcDirect Competitor17.28B99.11-57.2916.62%-2.67%-4.36%1.38
RSI logoRSIRush Street Interactive, Inc.Direct Competitor2.98B27.8619922.76%2.98%12.91%0.06
GENI logoGENIGenius Sports LimitedDirect Competitor1.08B4.40-1031.04%-16.67%-15.51%0.04
MGM logoMGMMGM Resorts InternationalProduct Competitor9.78B38.2150.281.72%1.03%5.3%17.14
CZR logoCZRCaesars Entertainment, Inc.Product Competitor5.65B27.76-11.472.14%-4.19%-12.62%7.15
PENN logoPENNPENN Entertainment, Inc.Product Competitor2.24B16.75-2.875.82%-12.11%-34.66%4.58
BYD logoBYDBoyd Gaming CorporationProduct Competitor6.41B85.153.774.12%45.02%91.81%1.25

Compare CDRO vs Peers

Codere Online Luxembourg, S.A. (CDRO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs DKNG

Most directly comparable listed peer for CDRO.

Scale Benchmark

vs NTES

Larger-name benchmark to compare CDRO against a more recognizable public peer.

Peer Set

Compare Top 5

vs DKNG, FLUT, RSI, GENI

CDRO Income Statement

Codere Online Luxembourg, S.A. (CDRO) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Sales/Revenue61.58M70.5M80.25M115.75M161.65M200.7M210.41M200.7M
Revenue Growth %-14.47%13.84%44.23%39.66%24.16%4.83%33.46%
Cost of Goods Sold32.52M5.16M7.08M4.84M6.28M7.73M8.32M18.78M
COGS % of Revenue52.81%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 Expenses77.46M79.59M144.2M166.78M170.12M188.64M196.34M177.59M
OpEx % of Revenue125.78%112.9%179.68%144.09%105.24%93.99%93.32%-
Selling, General & Admin66.34M69.43M91.8M153.63M152.29M167.33M173.24M85.59M
SG&A % of Revenue107.72%98.49%114.38%132.73%94.21%83.37%82.34%-
Research & Development00000000
R&D % of Revenue--------
Other Operating Expenses11.12M10.15M52.41M13.14M17.83M21.31M23.1M4M
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-14.64M4.72M6.38M4.47M
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)1.19M868.34K721K556K114K388K645K136K
EBIT-15.88M-14.25M-25.63M-30.77M-14.75M4.33M5.74M4.33M
Net Interest Income-269K-520K3.98M12.46M1.81M603K342K498K
Interest Income004.54M25.1M1.81M603K342K498K
Interest Expense269K520K561K12.64M0000
Other Income/Expense-269K-520K3.98M12.46M5.83M1.04M-2.43M1.04M
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-53K1.51M966K2.97M-6.51M1.46M2.02M1.46M
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-2.42M3.91M1.29M3.91M
Discontinued Operations00000000
Minority Interest96K92K146K145K147K149K152K149K
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)-268.27-1.84-1.51-1.03-0.050.090.03-
Diluted Shares Outstanding60K8.87M45.19M45.12M45.27M46.07M45.89M46.67M
Basic Shares Outstanding59.99K8.85M45.19M45.03M45.27M45.48M45.5M49.05M
Dividend Payout Ratio--------

CDRO Balance Sheet

Codere Online Luxembourg, S.A. (CDRO) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Total Current Assets42.12M17.3M104.67M68.33M65.28M62.92M67.48M62.92M
Cash & Short-Term Investments12.39M15.66M98.81M60.58M51.68M53.8M59.64M53.8M
Cash Only8.02M10.9M94.91M53.81M41.28M40.31M49.98M40.31M
Short-Term Investments4.37M4.76M3.9M6.78M10.4M13.49M9.66M13.49M
Accounts Receivable29.5M835K5.12M4.27M13.19M6.92M6.33M6.92M
Days Sales Outstanding174.854.3223.313.4729.7812.5910.994.98
Inventory-4.37M0000000
Days Inventory Outstanding--------
Other Current Assets4.37M557K02.79M0000
Total Non-Current Assets2.1M1.24M606K983K8.52M11.62M13.38M11.62M
Property, Plant & Equipment92K116K133K200K331K2.41M2.44M2.41M
Fixed Asset Turnover669.38x607.73x603.41x578.74x488.36x83.25x86.30x120.52x
Goodwill00000000
Intangible Assets2.01M1.13M469K10K10K000
Long-Term Investments004K2K0000
Other Non-Current Assets00-602K00-1K018.02M
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 Turnover1.39x3.80x0.76x1.67x2.19x2.69x2.60x2.74x
Asset Growth %--58.06%467.58%-34.16%6.48%1%8.48%21.55%
Total Current Liabilities54.12M37.03M31.61M42.75M52.1M44.96M49.28M44.96M
Accounts Payable18.52M13.02M19.69M23.79M31.81M24.55M22.41M24.55M
Days Payables Outstanding207.83921.311.01K1.79K1.85K1.16K982.67582.14
Short-Term Debt30.24M17.78M2.98M4.24M5.11M3.37M1.81M3.37M
Deferred Revenue (Current)457K1.85M2.43M00000
Other Current Liabilities4.58M2.54M2.54M7.09M7.59M8.71M14.11M8.71M
Current Ratio0.78x0.47x3.31x1.60x1.25x1.40x1.37x1.37x
Quick Ratio0.86x0.47x3.31x1.60x1.25x1.40x1.37x1.37x
Cash Conversion Cycle--------577.16
Total Non-Current Liabilities21.44M21.44M5.51M2.01M408K5.36M2.88M5.36M
Long-Term Debt21.44M21.44M0710K0000
Capital Lease Obligations000001.64M1.61M3.28M
Deferred Tax Liabilities0000001.26M0
Other Non-Current Liabilities005.51M1.3M408K3.72M019.76M
Total Liabilities75.56M58.47M37.12M44.76M52.51M50.32M52.16M50.32M
Total Debt51.68M39.23M2.98M4.95M5.11M5.37M3.93M5.37M
Net Debt43.66M28.33M-91.92M-48.85M-36.17M-34.94M-46.06M-34.94M
Debt / Equity--0.04x0.20x0.24x0.22x0.14x0.14x
Debt / EBITDA-----1.14x0.62x1.20x
Net Debt / EBITDA------7.40x-7.22x-7.22x
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-522.22-4.501.510.540.470.530.630.52
Total Shareholders' Equity-31.43M-40.02M68.01M24.4M21.14M24.07M28.55M24.07M
Common Stock60K60K45.12M45.12M45.3M45.49M45.64M45.49M
Retained Earnings-17.7M-41.03M-102.04M-148.42M-150.84M-146.93M-145.64M-146.93M
Treasury Stock00000000
Accumulated OCI-13.79M949K18M20.78M19.76M18.59M21.62M18.59M
Minority Interest96K92K146K145K147K149K152K149K

CDRO Cash Flow Statement

Codere Online Luxembourg, S.A. (CDRO) cash flow — operating, investing & free cash flow history

Line itemDec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash from Operations-1.24M3.43M-5.19M-42.36M-11.58M3.94M16.51M16.51M
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-8.93M5.37M3.31M3.91M
Depreciation & Amortization1.19M931K721K556K114K146K121K388K
Stock-Based Compensation00000000
Deferred Taxes000-61K0000
Other Non-Cash Items155K-277K37.01M566.93K-4.8M-1.03M6.43M-2.49M
Working Capital Changes13.55M17.54M24.12M-3.94K2.03M-541K6.65M2.14M
Change in Receivables-3.78M3.68M10.32M-3.94M-9.27M2.14M5.28M2.14M
Change in Inventory3.77M-3.42M000000
Change in Payables17.34M13.87M13.8M14.47M11.3M-2.68M1.36M0
Cash from Investing-275K-72K-83K-164K-245K-256K-85K-256K
Capital Expenditures-75K-55K-80K-164K-245K-256K-85K-256K
CapEx % of Revenue0.12%0.08%0.1%0.14%0.15%0.13%0.04%-
Acquisitions00000000
Investments--------
Other Investing00000000
Cash from Financing6.81M254K89.33M01.33M-2.04M-4.58M-2.04M
Debt Issued (Net)6.81M254K441K01.33M-1.94M-2.03M0
Equity Issued (Net)000000-2.36M-193K
Dividends Paid00000000
Share Repurchases000000-2.36M-193K
Other Financing0088.89M00-105K-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-21.950.43-0.12-0.94-0.260.080.360.36
FCF Conversion (FCF/Net Income)0.08x-0.21x0.08x0.91x4.79x1.01x12.78x0.94x
Interest Paid0000000105K
Taxes Paid00000000

CDRO Key Ratios

Codere Online Luxembourg, S.A. (CDRO) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric202020212022202320242025TTM
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 Margin92.68%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-0.04x0.20x0.24x0.22x0.14x0.14x
Interest Coverage-27.40x-45.68x-2.43x----
FCF Conversion-0.21x0.08x0.91x4.79x1.01x12.78x0.94x
Revenue Growth14.47%13.84%44.23%39.66%24.16%4.83%33.46%

CDRO Frequently Asked Questions

Codere Online Luxembourg, S.A. (CDRO) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

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).

Dividend & Returns

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.

Explore More CDRO

Codere Online Luxembourg, S.A. (CDRO) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

→

DCA Calculator

Dollar cost averaging vs lump sum

→

Dividend History

Yield, growth, payout safety & DRIP

→

Earnings History

EPS trends, net income & profitability

→

Price History

Long-term charts & historical price data

→

Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

→
VCP ScannerFree US Stock Screener & Financial Analysis

Find stocks. Verify deeply. Act with conviction.

Patterns find ideas. Fundamentals build conviction.

Data updated daily

Quick Links

  • Home
  • Screener
  • Themes
  • Market Valuation
  • Valuation
  • Compare
  • Total Return
  • DCA Calculator
  • News
  • Insights
  • Methodology
  • How It Works
  • Profile

Popular Screens

  • VCP Hot
  • VCP Warm
  • Value Screens
  • Growth Screens
  • Momentum Screens
  • Technical Screens
  • Quality Screens

Community

  • Follow @VCPScanner on X

Get weekly stock ideas — free

© 2026 VCP Scanner. All rights reserved.
About·Privacy Policy·Terms of Service
Not financial advice. Do your own research.