Bragg Gaming (BRAG) Change in Working Capital (2020 - 2025)

Bragg Gaming (BRAG) posted quarterly Change in Working Capital of -$16.5 million for Q4 2025, down 124.3% year-on-year from $68.0 million in Q4 2024, and down 457.97% on a QoQ basis from $4.6 million in Q3 2025.

Bragg Gaming (BRAG) Change in Working Capital (2020 - 2025) Analysis & Trends

Bragg Gaming (BRAG) has reported Change in Working Capital for 6 consecutive years, with -$16.5 million the latest figure, recorded in Q4 2025.

  • Quarterly Change in Working Capital fell 124.3% year-over-year to -$16.5 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$3.7 million (down 183.9% YoY) and the FY2025 annual result came in at -$3.7 million, down 183.9% from the prior year.
  • Change in Working Capital retreated to -$16.5 million in Q4 2025 per BRAG's latest filing, from $4.6 million in the prior quarter.
  • Over the last five years, Change in Working Capital for BRAG reached as high as $4.7 million in Q2 2023 and fell as low as -$16.5 million in Q4 2025.
  • A 5-year average of $351684.8 and a median of $2.6 million in 2022 frame the typical range for Change in Working Capital.
  • The largest YoY upside for Change in Working Capital was 1308.44% in 2022 against a maximum downside of 1714.29% in 2022.
  • Year by year, Change in Working Capital stood at $159313.6 in 2021, then tumbled by 1714.29% to -$2.6 million in 2022, then slumped by 384.82% to -$12.5 million in 2023, then soared by 40.88% to -$7.4 million in 2024, then tumbled by 124.3% to -$16.5 million in 2025.
  • According to Business Quant data, Change in Working Capital over the past three periods registered -$16.5 million, $4.6 million, and $3.7 million for Q4 2025, Q3 2025, and Q2 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Working Capital (Qtr)
1 Codere Online Luxembourg 425.84 Bn 425.77 Bn - -
2 Flutter Entertainment 19.13 Bn 17.62 Bn 1.84 Bn -
3 DraftKings 12.12 Bn 11.11 Bn 696.69 Mn -
4 Super Group (SGHC) 7.57 Bn 7.15 Bn - -
5 Churchill Downs 6.27 Bn 6.17 Bn 464.00 Mn -
6 Rush Street Interactive 3.15 Bn 2.82 Bn 132.17 Mn -
7 Brightstar Lottery 1.94 Bn 670.63 Mn 297.00 Mn -11.00 Mn
8 Accel Entertainment 1.02 Bn 746.37 Mn 350.92 Mn -
9 Inspired Entertainment 207.07 Mn 163.57 Mn 54.60 Mn -
10 Bragg Gaming 40.73 Mn 33.16 Mn 17.81 Mn -16.53 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 -16.53 Mn
Dec 31, 2025 -16.53 Mn
Sep 30, 2025 4.62 Mn
Sep 30, 2025 4.62 Mn
Jun 30, 2025 3.69 Mn
Jun 30, 2025 3.69 Mn
Mar 31, 2025 4.56 Mn
Mar 31, 2025 4.56 Mn
Dec 31, 2024 -7.37 Mn
Dec 31, 2024 -7.37 Mn
Sep 30, 2024 4.14 Mn
Sep 30, 2024 4.14 Mn
Jun 30, 2024 3.55 Mn
Jun 30, 2024 3.55 Mn
Mar 31, 2024 4.05 Mn
Mar 31, 2024 4.05 Mn
Dec 31, 2023 -12.47 Mn
Dec 31, 2023 -12.47 Mn
Sep 30, 2023 3.92 Mn
Sep 30, 2023 3.92 Mn