Bragg Gaming (BRAG) Cost of Revenue (2020 - 2025)
Bragg Gaming (BRAG) posted quarterly Cost of Revenue of $13.7 million for Q4 2025, up 5.57% year-on-year from $13.0 million in Q4 2024, and down 1.0% on a QoQ basis from $13.8 million in Q3 2025.
Bragg Gaming (BRAG) Cost of Revenue (2020 - 2025) Analysis & Trends
Bragg Gaming (BRAG) has reported Cost of Revenue for 6 consecutive years, with $13.7 million the latest figure, recorded in Q4 2025.
- Quarterly Cost of Revenue rose 5.57% year-over-year to $13.7 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $54.3 million (changed 0.44% YoY) and the FY2025 annual result came in at $54.3 million, changed 0.44% from the prior year.
- Cost of Revenue eased to $13.7 million in Q4 2025 per BRAG's latest filing, from $13.8 million in the prior quarter.
- Over the last five years, Cost of Revenue for BRAG reached as high as $14.2 million in Q2 2024 and fell as low as $7.1 million in Q3 2021.
- A 5-year average of $11.9 million and a median of $12.3 million in 2023 frame the typical range for Cost of Revenue.
- Annual changes were most pronounced in 2022 — Cost of Revenue jumped 66.92% — and 2025, when it slipped 5.97%.
- Year by year, Cost of Revenue stood at $8.8 million in 2021, then jumped by 38.45% to $12.2 million in 2022, then grew by 5.88% to $12.9 million in 2023, then grew by 0.69% to $13.0 million in 2024, then increased by 5.57% to $13.7 million in 2025.
- According to Business Quant data, Cost of Revenue over the past three periods registered $13.7 million, $13.8 million, and $14.0 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Codere Online Luxembourg | 425.84 Bn | 425.77 Bn | - | - |
| 2 | Flutter Entertainment | 19.13 Bn | 17.62 Bn | 1.84 Bn | 2.47 Bn |
| 3 | DraftKings | 12.12 Bn | 11.11 Bn | 696.69 Mn | 949.39 Mn |
| 4 | Super Group (SGHC) | 7.57 Bn | 7.15 Bn | - | - |
| 5 | Churchill Downs | 6.27 Bn | 6.17 Bn | 464.00 Mn | 199.00 Mn |
| 6 | Rush Street Interactive | 3.15 Bn | 2.82 Bn | 132.17 Mn | 238.20 Mn |
| 7 | Brightstar Lottery | 1.94 Bn | 670.63 Mn | 297.00 Mn | 290.00 Mn |
| 8 | Accel Entertainment | 1.02 Bn | 746.37 Mn | 350.92 Mn | 636,000.00 |
| 9 | Inspired Entertainment | 207.07 Mn | 163.57 Mn | 54.60 Mn | 2.60 Mn |
| 10 | Bragg Gaming | 40.73 Mn | 33.16 Mn | 17.81 Mn | 13.69 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 13.69 Mn |
| Dec 31, 2025 | 13.69 Mn |
| Sep 30, 2025 | 13.83 Mn |
| Sep 30, 2025 | 13.83 Mn |
| Jun 30, 2025 | 14.04 Mn |
| Jun 30, 2025 | 14.04 Mn |
| Mar 31, 2025 | 12.77 Mn |
| Mar 31, 2025 | 12.77 Mn |
| Dec 31, 2024 | 12.97 Mn |
| Dec 31, 2024 | 12.97 Mn |
| Sep 30, 2024 | 13.85 Mn |
| Sep 30, 2024 | 13.85 Mn |
| Jun 30, 2024 | 14.18 Mn |
| Jun 30, 2024 | 14.18 Mn |
| Mar 31, 2024 | 13.58 Mn |
| Mar 31, 2024 | 13.58 Mn |
| Dec 31, 2023 | 12.88 Mn |
| Dec 31, 2023 | 12.88 Mn |
| Sep 30, 2023 | 12.20 Mn |
| Sep 30, 2023 | 12.20 Mn |