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Bragg Gaming Group Inc.

BRAG Consumer Cyclical Gambling

Bragg Gaming Group Inc.’s revenue for fiscal 2025 (year ended December 2025) was $120.0 million, up 8.73% from fiscal 2024.

Revenue
−10.1%
EPS
−62.5%
Free cash flow
+160.3%
Total debt
+69.6%

Quarter to June 2026, against a year earlier

0.82 0.11 −11.83%
Market cap
$25.3M
P/E
0.0×
Fwd P/E
−6.2×
Dividend yield
—
F-score
5/9
Altman Z
0.39
Beneish M
−3.72
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 17.85%

Capital & Financial Ratios $m

Size
Market Cap 25.31
Revenue ttm 120.18
Net income ttm (8.83)
Free cash flow ttm 1.54
Net debt Q (0.58)
Valuation
P/E 0.00
Forward P/E (6.19) (negative: loss-making)
Price / sales 0.17
Forward P/S Powerpack
Price / FCF 13.63
Price / book 0.30
Financial health
Current ratio Q 0.89 (below 1: weak)
Debt / equity Q 0.05 (at or below 0.5: strong)
Interest coverage Q (4.57)
Growth
Revenue growth Q −10.09% (below 0%: shrinking)
Operating income growth Q +15.33% (above 0%: growing)
EPS, this year +53.17% (at or above 15%: strong)
EPS, next year A +63.40% (at or above 15%: strong)
Revenue, next year A −13.63% (below 0%: weak)
EPS, past 5 yrs —
EPS, next 5 yrs A +36.39% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.2×, against a ten-year median of 1.0×; over the ten years it ranged from 0.2× in 2026 to 4.4× in 2021.
P/S against its own 10 years 0.07%
10-year low 10-year high
P/B against its own 10 years 0.06%
10-year low 10-year high
EV/Sales against its own 10 years 0.07%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 10 11 8 4
Receivables 20 22 24 21
Inventory — — — —
Other — — — —
31 36 36 30
2023 2024 2025 Q'26
Payables 24 22 29 28
ST’ Debt 3 7 4 3
Other 1 — 1 0
30 32 37 33

Compound Annual Growth %

10y 5y 3y
Sales — 17.75% 10.36%
Cash Flow — 21.43% 49.59%
Earnings — 0.00% 0.00%
Book Value — 9.25% (1.07%)

Earnings Trends EPS, adjusted, against the consensus

Jun 2023 Estimate 0.01 Actual 0.02

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Sep 2022 −0.07 −0.09 Miss by 0.02
Dec 2022 −0.05 −0.04 Beat by 0.01
Mar 2023 −0.03 −0.02 Beat by 0.01
Jun 2023 0.01 0.02 Beat by 0.01

EPS $

Mar Jun Sep Dec Year
’26 (0.06) (0.13) — — —
’25 (0.12) (0.08) (0.11) (0.06) (0.36)
’24 (0.09) (0.11) (0.01) (0.03) (0.23)
’23 (0.02) 0.02 (0.14) (0.03) (0.18)
’22 (0.04) 0.00 (0.09) (0.04) (0.17)
’21 (0.07) (0.14) (0.14) (0.09) (0.46)
’20 (0.20) 0.00 (0.03) (0.64) (1.90)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 30 27 — — —
’25 27 30 29 34 120
’24 26 27 29 29 110
’23 25 27 25 25 101
’22 22 22 21 24 89
’21 17 19 15 18 69
’20 10 13 14 16 53
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 2 5 — — —
’25 5 3 2 10 20
’24 3 (1) 7 3 12
’23 7 (1) 1 6 13
’22 4 4 0 (2) 6
’21 4 (1) 0 (3) 0
’20 3 1 4 0 8
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (2) 1 — — —
’25 2 (1) (1) 4 3
’24 0 (4) 4 (2) (2)
’23 5 (3) (2) 3 2
’22 3 2 (3) (5) (2)
’21 3 (2) (1) (4) (4)
’20 2 0 3 (1) 5
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 1 1 9 30 53 69 89 101 110 120 120 +70.4% 104 109 — (4.5%)
Gross margin, % (7.91) (9.49) 42.15 45.24 43.49 48.56 53.20 53.40 52.98 54.99 54.72 +62.9 pt
EBT (4) (3) (21) (11) (15) (8) (2) (3) (7) (7) (7) +7.8%
EBT margin, % (372.66) (367.06) (244.16) (36.98) (28.61) (11.46) (2.27) (3.13) (6.57) (6.02) (5.53) +366.6 pt
Net income (4) 0 (21) (12) (17) (9) (4) (4) (6) (9) (9) +10.7%
Per share, $
Per share, $ Revenue 2.40 1.76 2.93 4.08 6.17 3.54 4.17 4.48 4.54 4.74 4.69 +7.9%
Earnings (8.89) (6.46) (7.15) — (1.90) (0.46) (0.17) (0.18) (0.23) (0.36) (0.36) (30.0%)
Cash flow (7.34) (2.43) (0.24) (0.01) 0.89 0.00 0.28 0.56 0.50 0.80 0.74 n/m
Capex 0.00 0.00 0.00 (0.25) (0.33) (0.20) (0.39) (0.47) (0.59) (0.66) (0.68) n/m
Free cash flow (7.34) (2.43) (0.24) (0.27) 0.56 (0.20) (0.11) 0.10 (0.09) 0.14 0.06 n/m
Book value 2.65 4.90 6.42 1.02 5.31 4.02 3.42 3.36 3.27 2.80 2.70 +0.6%
Shares, m 0 0 3 7 9 20 21 23 24 25 25 +58.0%
Valuation, ×
Valuation, × P/E 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0
P/S 0.00 0.00 0.00 0.00 1.83 1.48 0.94 1.16 0.81 0.44 0.17 0.7
P/B 0.00 0.00 0.00 0.00 2.13 1.31 1.15 1.54 1.13 0.75 0.30 0.8
EV/Sales 0.00 0.00 0.00 0.00 1.29 1.22 0.89 1.14 0.82 0.45 0.21 0.6
EV/FCF 0.00 0.00 0.00 0.00 14.14 (21.50) (34.64) 52.77 (41.78) 15.65 16.46 (1.5)
Cash, $m
Cash, $m Operating cash flow (3) (1) (1) 0 8 0 6 13 12 20 19 n/m
Capex 0 0 0 (2) (3) (4) (8) (11) (14) (17) (17) +108.0%
Free cash flow (3) (1) (1) (2) 5 (4) (2) 2 (2) 3 2 n/m
Balance, $m
Balance, $m Working capital 0 2 0 (14) 8 14 6 1 4 (1) (4) +25.6%
Net debt 0 (2) (6) 0 (29) (18) (5) (7) (4) (4) (1) n/m
Shareholders’ equity 1 2 19 7 46 78 73 76 80 71 69 +59.0%
Returns, %
Returns, % ROA (136.93) (269.07) (77.49) (26.44) (25.31) (9.82) (3.52) (3.74) (4.90) (8.06) (8.20) +128.9 pt
ROIC 0.00 0.00 0.00 (74.35) (51.01) (8.01) (0.80) (0.76) (3.18) (5.58) (5.03) (5.6) pt
ROE (209.65) (181.69) (197.49) (101.57) (62.81) (14.35) (4.84) (5.56) (7.16) (12.20) (12.48) +197.5 pt
People
People Employees — — — 8 8 286 428 464 502 534 — +101.4%
Revenue/emp, $m 0.00 0.00 0.00 3.72 6.63 0.24 0.21 0.22 0.22 0.22 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026

Bragg Gaming Group Inc. vs peers in Gambling (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
BRSL Brightstar Lottery $1.8B 7.7× 17.2× −7.45% (below 0%: shrinking) n/m −719.07% (below 0%: shrinking) 46.92% 19.69% Compare
ACEL Accel Entertainment, Inc. $1.1B 17.6× 16.1× +10.27% (above 0%: growing) +57.13% (above 0%: growing) +79.67% (above 0%: growing) 31.38% 7.92% Compare
CDRO Codere Online Luxembourg, S.A. $387.0M — (loss-making) — +232.74% (above 0%: growing) +94.12% (above 0%: growing) +7,111.62% (above 0%: growing) 47.71% 0.00% Compare
MRDN Meridian Holdings, Inc. $116.3M — (loss-making) 13.4× +16.07% (above 0%: growing) n/m +260.25% (above 0%: growing) 53.50% 4.86% Compare
INSE Inspired Entertainment, Inc. $92.3M — (loss-making) 8.6× −24.28% (below 0%: shrinking) n/m −193.33% (below 0%: shrinking) 79.93% 16.28% Compare
ROLR HIGH ROLLER TEC $33.0M 7.0× — −51.58% (below 0%: shrinking) n/m −316.65% (below 0%: shrinking) 57.64% (87.97%) Compare
GRSD Grandstand Limited $29.3M — (loss-making) 10.6× −4.62% (below 0%: shrinking) n/m −95.77% (below 0%: shrinking) 84.29% (3.10%) Compare
BRAG Bragg Gaming Group Inc. $25.3M — (loss-making) — (loss-making) −10.09% (below 0%: shrinking) n/m +160.34% (above 0%: growing) 51.72% (8.48%)
SEGG Sports Entertainment Gaming Global Corporation $7.0M — (loss-making) — (loss-making) +1,583.52% (above 0%: growing) n/m −404.79% (below 0%: shrinking) 29.03% (149.34%) Compare
Median of peers $104.3M 7.7× 13.4× +2.83% — −144.55% 50.61% 2.43%

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Bragg Gaming Group Inc. (BRAG) Latest News

20 Aug

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19 Aug

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14 Aug

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13 Aug

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22 Jul

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9 Jul

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30 Apr

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19 Mar

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3 Mar

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23 Feb

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17 Feb

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5 Feb

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4 Feb

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15 Jan

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13 Jan

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9 Jan

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8 Jan

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stockrow.com/BRAG · Data as of Oct 26, 2026 · For information only; not investment advice. · © 2026 stockrow.com