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
DateValue
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