Bragg Gaming (BRAG) Change in Intangibles (2021 - 2025)
Bragg Gaming (BRAG) posted Change in Intangibles of -$5.8 million for Q4 2025, down 57.35% on a QoQ basis from -$3.7 million in Q3 2025, and down 37.37% year-over-year from -$9.2 million in Q4 2024.
Bragg Gaming (BRAG) has 5 years of Change in Intangibles data on file, last reported at -$5.8 million in Q4 2025.
- In Q4 2025, Change in Intangibles fell 37.37% year-over-year to -$5.8 million; the TTM figure through Dec 2025 stood at -$16.4 million (down 25.63% YoY), while the FY2025 annual figure was -$16.4 million, down 24.92% from the prior year.
- Change in Intangibles declined to -$5.8 million in Q4 2025, from -$3.7 million in the prior quarter.
- Across five years, Change in Intangibles topped out at -$700823.2 in Q1 2021 and bottomed at -$5.8 million in Q4 2025.
- A 5-year average of -$2.6 million and a median of -$2.9 million in 2024 frame the typical range for Change in Intangibles.
- Annual changes were most pronounced in 2022 — Change in Intangibles plunged 210.24% — and 2025, when it dropped 5.37%.
- Year by year, Change in Intangibles stood at -$784226.1 in 2021, then plunged by 210.24% to -$2.4 million in 2022, then plunged by 34.13% to -$3.3 million in 2023, then retreated by 28.56% to -$4.2 million in 2024, then tumbled by 37.37% to -$5.8 million in 2025.
- The last three Change in Intangibles figures came in at -$5.8 million (Q4 2025), -$3.7 million (Q3 2025), and -$4.0 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Intangibles (Qtr) |
|---|---|---|---|---|---|
| 1 | Flutter Entertainment | 18.39 Bn | 17.30 Bn | 1.84 Bn | 32.00 Mn |
| 2 | DraftKings | 13.23 Bn | 12.22 Bn | 696.69 Mn | - |
| 3 | Churchill Downs | 6.28 Bn | 6.13 Bn | 475.00 Mn | - |
| 4 | Rush Street Interactive | 2.60 Bn | 2.43 Bn | 132.17 Mn | 285,000.00 |
| 5 | Brightstar Lottery | 2.28 Bn | 2.94 Bn | - | - |
| 6 | Accel Entertainment | 1.01 Bn | 735.58 Mn | 109.94 Mn | - |
| 7 | Codere Online Luxembourg | 490.38 Mn | 420.96 Mn | - | - |
| 8 | Bragg Gaming | 269.74 Mn | 261.99 Mn | 18.22 Mn | -5.76 Mn |
| 9 | Inspired Entertainment | 233.43 Mn | 189.93 Mn | 54.60 Mn | - |
| 10 | High Roller Technologies | 45.23 Mn | 42.56 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -5.76 Mn |
| Dec 31, 2025 | -5.76 Mn |
| Sep 30, 2025 | -3.66 Mn |
| Sep 30, 2025 | -3.66 Mn |
| Jun 30, 2025 | -4.00 Mn |
| Jun 30, 2025 | -4.00 Mn |
| Mar 31, 2025 | -3.02 Mn |
| Mar 31, 2025 | -3.02 Mn |
| Dec 31, 2024 | -4.20 Mn |
| Dec 31, 2024 | -4.20 Mn |
| Sep 30, 2024 | -3.11 Mn |
| Sep 30, 2024 | -3.11 Mn |
| Jun 30, 2024 | -2.92 Mn |
| Jun 30, 2024 | -2.92 Mn |
| Mar 31, 2024 | -2.87 Mn |
| Mar 31, 2024 | -2.87 Mn |
| Dec 31, 2023 | -3.26 Mn |
| Dec 31, 2023 | -3.26 Mn |
| Sep 30, 2023 | -2.88 Mn |
| Sep 30, 2023 | -2.88 Mn |
| Jun 30, 2023 | -1.95 Mn |
| Jun 30, 2023 | -1.95 Mn |
| Mar 31, 2023 | -2.06 Mn |
| Mar 31, 2023 | -2.06 Mn |
| Sep 30, 2022 | -2.43 Mn |
| Sep 30, 2022 | -2.43 Mn |
| Jun 30, 2022 | -1.64 Mn |
| Jun 30, 2022 | -1.64 Mn |
| Mar 31, 2022 | -1.35 Mn |
| Mar 31, 2022 | -1.35 Mn |
| Sep 30, 2021 | -784,226.07 |
| Sep 30, 2021 | -784,226.07 |
| Jun 30, 2021 | -1.02 Mn |
| Jun 30, 2021 | -1.02 Mn |
| Mar 31, 2021 | -700,823.18 |
| Mar 31, 2021 | -700,823.18 |