Saturday 17 October 2026 Export BRAG’s income statement to Excel — free account

Bragg Gaming Group Inc.

Bragg Gaming Group Inc.’s revenue for fiscal 2025 (year ended December 2025) was $120.0 million, up 8.73% from fiscal 2024. In the quarter to June 2026, revenue fell 10.1%, EPS fell 62.5%, free cash flow grew 160.3% and total debt rose 69.6%, each against the same quarter a year earlier. Revenue growth for five consecutive years.

1.25 0.03 +2.46%

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Market cap: $37.9M
P/E: 0.0×
Fwd P/E: −11.7×
Dividend yield: —
F-score: 5/9
Altman Z: 0.39
Beneish M: −3.72
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 12.07%

Capital & Financial Ratios $m

Market Cap 37.89

Revenue 120.18

Net Income (8.83)

Free Cash Flow 1.54

Net Debt (0.58)

Current Ratio 0.89

Debt/Equity 0.05

P/E ratio 0.00

Fwd P/E (11.70)

P/S ratio 0.27

P/B ratio 0.46

Past 5Y EPS Growth —

This Y EPS Growth 53.17%

Next Y EPS Growth 63.40%

Next Y revenue growth (12.66%)

Next 5Y EPS Growth 36.39%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 0.86%

10-year low 10-year high

P/B against its own 10 years 0.82%

10-year low 10-year high

EV/Sales against its own 10 years 0.86%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2023	Powerpack
2022	Powerpack
2021	Powerpack

special payouts not included in total or ratios

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%)

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.

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	(0.46)	(0.64)	(1.90)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	3.50	1.31	1.04	4.88	2.30	2.92	2.86	1.95	Analyst estimates 2026–2028 Powerpack
	High	—	—	11.00	10.14	14.44	25.01	7.98	5.85	7.00	6.12
People
People	Employees	—	—	—	8	8	286	428	464	502	534
	Revenue/emp, $m	0.00	0.00	0.00	3.72	6.63	0.24	0.21	0.22	0.22	0.22
Income, $m
Income, $m	Revenue	1	1	9	30	53	69	89	101	110	120
	Gross margin, %	(7.91)	(9.49)	42.15	45.24	43.49	48.56	53.20	53.40	52.98	54.99
	EBT	(4)	(3)	(21)	(11)	(15)	(8)	(2)	(3)	(7)	(7)
	EBT margin, %	(372.66)	(367.06)	(244.16)	(36.98)	(28.61)	(11.46)	(2.27)	(3.13)	(6.57)	(6.02)
	Net income	(4)	0	(21)	(12)	(17)	(9)	(4)	(4)	(6)	(9)
	Depreciation	0	0	0	2	3	6	9	14	18	22
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
	Earnings	(8.89)	(6.46)	(7.15)	(0.40)	(1.90)	(0.46)	(0.17)	(0.18)	(0.23)	(0.36)
	Cash flow	(7.34)	(2.43)	(0.24)	(0.01)	0.89	0.00	0.28	0.56	0.50	0.80
	Capex	0.00	0.00	0.00	(0.25)	(0.33)	(0.20)	(0.39)	(0.47)	(0.59)	(0.66)
	Free cash flow	(7.34)	(2.43)	(0.24)	(0.27)	0.56	(0.20)	(0.11)	0.10	(0.09)	0.14
	Book value	2.65	4.90	6.42	1.02	5.31	4.02	3.42	3.36	3.27	2.80
	Shares, m	0	0	3	7	9	20	21	23	24	25
Valuation, ×
Valuation, ×	P/E	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	P/S	0.00	0.00	0.00	0.00	1.83	1.42	0.94	1.16	0.81	0.44
	P/B	0.00	0.00	0.00	0.00	2.13	1.25	1.15	1.54	1.13	0.75
	EV/Sales	0.00	0.00	0.00	0.00	1.29	1.16	0.89	1.14	0.82	0.45
	EV/FCF	0.00	0.00	0.00	0.00	14.14	(20.40)	(34.64)	52.77	(41.78)	15.65
Cash, $m
Cash, $m	Operating cash flow	(3)	(1)	(1)	0	8	0	6	13	12	20
	Capex	0	0	0	(2)	(3)	(4)	(8)	(11)	(14)	(17)
	Free cash flow	(3)	(1)	(1)	(2)	5	(4)	(2)	2	(2)	3
Balance, $m
Balance, $m	Working capital	0	2	0	(14)	8	14	6	1	4	(1)
	Total debt	1	0	0	1	1	1	7	3	7	4
	Net debt	0	(2)	(6)	0	(29)	(18)	(5)	(7)	(4)	(4)
	Shareholders’ equity	1	2	19	7	46	78	73	76	80	71
Returns, %
Returns, %	ROA	(136.93)	(269.07)	(77.49)	(26.44)	(25.31)	(9.82)	(3.52)	(3.74)	(4.90)	(8.06)
	ROIC	0.00	0.00	0.00	(74.35)	(51.01)	(8.01)	(0.80)	(0.76)	(3.18)	(5.58)
	ROE	(209.65)	(181.69)	(197.49)	(101.57)	(62.81)	(14.35)	(4.84)	(5.56)	(7.16)	(12.20)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
ACEL Accel Entertainment, Inc.	$898.0M	15.8×	16.9×	+9.59% (above 0%: growing)	+66.67% (above 0%: growing)	+266.72% (above 0%: growing)	31.30%	8.71%	Compare
CDRO Codere Online Luxembourg, S.A.	$437.9M	— (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.	$144.1M	— (loss-making)	18.3×	+16.07% (above 0%: growing)	n/m	+260.25% (above 0%: growing)	53.50%	4.86%	Compare
INSE Inspired Entertainment, Inc.	$89.4M	— (loss-making)	17.5×	−24.28% (below 0%: shrinking)	n/m	−193.33% (below 0%: shrinking)	79.93%	16.28%	Compare
ROLR HIGH ROLLER TEC	$53.5M	15.0×	—	−51.58% (below 0%: shrinking)	n/m	−316.65% (below 0%: shrinking)	57.64%	(87.97%)	Compare
GRSD Grandstand Limited	$47.7M	— (loss-making)	17.2×	−4.62% (below 0%: shrinking)	n/m	−95.77% (below 0%: shrinking)	84.29%	(3.10%)	Compare
BRAG Bragg Gaming Group Inc.	$37.9M	— (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	$5.1M	— (loss-making)	— (loss-making)	+436.64% (above 0%: growing)	n/m	−992.76% (below 0%: shrinking)	27.60%	(430.70%)	Compare
GMBL Esports Entertainment Group, Inc.	$1.1M	— (loss-making)	— (loss-making)	−58.73% (below 0%: shrinking)	n/m	+50.68% (above 0%: growing)	72.46%	(105.25%)	Compare
Median of peers	$71.4M	—	17.4×	+2.49%	—	−22.54%	55.57%	(1.55%)

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Bragg Gaming Group Inc. (BRAG) key facts

Strength: Bragg Gaming Group Inc.’s revenue for fiscal 2025 (year ended December 2025) was $120.0 million, up 8.73% from fiscal 2024.
Bragg Gaming Group Inc. (BRAG) is a Gambling company in the Consumer Cyclical sector, listed on Nasdaq.
As of October 16, 2026, BRAG traded at $1.25, a market capitalization of $37.9 million.
Return on equity was −12.2% and debt-to-equity 0.05.
Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 0.39 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.