Growth Metrics

Bragg Gaming (BRAG) Cost of Revenue (2020 - 2025)

Bragg Gaming (BRAG) posted Cost of Revenue of $14.0 million for Q4 2025, down 1.42% on a QoQ basis from $14.2 million in Q3 2025, and up 15.0% year-over-year from $12.2 million in Q4 2024.

Bragg Gaming (BRAG) has 6 years of Cost of Revenue data on file, last reported at $14.0 million in Q4 2025.

  • In Q4 2025, Cost of Revenue rose 15.0% year-over-year to $14.0 million; the TTM figure through Dec 2025 stood at $42.2 million (up 8.27% YoY), while the FY2025 annual figure was $53.9 million, up 3.92% from the prior year.
  • Cost of Revenue declined to $14.0 million in Q4 2025, from $14.2 million in the prior quarter.
  • Across five years, Cost of Revenue topped out at $33.9 million in Q4 2021 and bottomed at $11803.2 in Q1 2025.
  • A 5-year average of $10.2 million and a median of $11.5 million in 2023 frame the typical range for Cost of Revenue.
  • Annual changes were most pronounced in 2022 — Cost of Revenue jumped 7605.19% — and 2024, when it plunged 99.89%.
  • Year by year, Cost of Revenue stood at $33.9 million in 2021, then tumbled by 67.86% to $10.9 million in 2022, then gained by 11.66% to $12.2 million in 2023, then climbed by 0.0% to $12.2 million in 2024, then increased by 15.0% to $14.0 million in 2025.
  • The last three Cost of Revenue figures came in at $14.0 million (Q4 2025), $14.2 million (Q3 2025), and $14.0 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Flutter Entertainment 18.39 Bn 17.30 Bn 1.84 Bn 2.47 Bn
2 DraftKings 13.23 Bn 12.22 Bn 696.69 Mn 949.39 Mn
3 Churchill Downs 6.28 Bn 6.13 Bn 475.00 Mn 188.00 Mn
4 Rush Street Interactive 2.60 Bn 2.43 Bn 132.17 Mn 238.20 Mn
5 Brightstar Lottery 2.28 Bn 2.94 Bn - -
6 Accel Entertainment 1.01 Bn 735.58 Mn 109.94 Mn 241.62 Mn
7 Codere Online Luxembourg 490.38 Mn 420.96 Mn - -
8 Bragg Gaming 269.74 Mn 261.99 Mn 18.22 Mn 14.01 Mn
9 Inspired Entertainment 233.43 Mn 189.93 Mn 54.60 Mn 2.60 Mn
10 High Roller Technologies 45.23 Mn 42.56 Mn - -

Historic Data

Download Data 🔒
DateValue
Dec 31, 2025 14.01 Mn
Dec 31, 2025 14.01 Mn
Sep 30, 2025 14.21 Mn
Sep 30, 2025 14.21 Mn
Jun 30, 2025 13.96 Mn
Jun 30, 2025 13.96 Mn
Mar 31, 2025 11,803.20
Mar 31, 2025 11,803.20
Dec 31, 2024 12.18 Mn
Dec 31, 2024 12.18 Mn
Sep 30, 2024 13.36 Mn
Sep 30, 2024 13.36 Mn
Jun 30, 2024 13.41 Mn
Jun 30, 2024 13.41 Mn
Mar 31, 2024 12,964.64
Mar 31, 2024 12,964.64
Dec 31, 2023 12.18 Mn
Dec 31, 2023 12.18 Mn
Sep 30, 2023 11.67 Mn
Sep 30, 2023 11.67 Mn
Jun 30, 2023 11.87 Mn
Jun 30, 2023 11.87 Mn
Mar 31, 2023 11.42 Mn
Mar 31, 2023 11.42 Mn
Dec 31, 2022 10.91 Mn
Dec 31, 2022 10.91 Mn
Sep 30, 2022 10.54 Mn
Sep 30, 2022 10.54 Mn
Jun 30, 2022 9.78 Mn
Jun 30, 2022 9.78 Mn
Mar 31, 2022 744,109.91
Mar 31, 2022 744,109.91
Dec 31, 2021 33.93 Mn
Dec 31, 2021 33.93 Mn
Sep 30, 2021 136,797.33
Sep 30, 2021 136,797.33
Jun 30, 2021 10.20 Mn
Jun 30, 2021 10.20 Mn
Mar 31, 2021 75,992.87
Mar 31, 2021 75,992.87
Dec 31, 2020 9.24 Mn
Dec 31, 2020 9.24 Mn
Sep 30, 2020 7.75 Mn
Sep 30, 2020 7.75 Mn