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% sequentially from $14.2 million in Q3 2025, and up 15.0% YoY from $12.2 million in Q4 2024.
Bragg Gaming (BRAG) Cost of Revenue (2020 - 2025) Analysis & Trends
Bragg Gaming has reported Cost of Revenue for 6 years, with the latest figure at $14.0 million in Q4 2025.
- Quarterly Cost of Revenue rose 15.0% year-over-year to $14.0 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $54.0 million (up 3.97% YoY) and the FY2025 annual result came in at $53.9 million, up 3.92% from the prior year.
- Cost of Revenue declined to $14.0 million in Q4 2025 per BRAG's latest filing, from $14.2 million in the prior quarter.
- Over five years, Cost of Revenue peaked at $14.2 million in Q3 2025 and troughed at $7.4 million in Q3 2021.
- A 5-year average of $11.5 million and a median of $11.7 million in 2023 frame the typical range for Cost of Revenue.
- The sharpest annual moves came in 2022 and 2025: Cost of Revenue soared 42.71% in 2022, then declined 8.96% in 2025.
- Over 5 years, Cost of Revenue stood at $8.8 million in 2021, then gained by 23.47% to $10.9 million in 2022, then rose by 11.66% to $12.2 million in 2023, then advanced by 0.0% to $12.2 million in 2024, then grew by 15.0% to $14.0 million in 2025.
- According to Business Quant data, Cost of Revenue over the past three periods registered $14.0 million, $14.2 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 | Flutter Entertainment | 17.95 Bn | 16.39 Bn | 1.71 Bn | 2.61 Bn |
| 2 | DraftKings | 12.99 Bn | 12.00 Bn | 551.45 Mn | 891.78 Mn |
| 3 | Super Group (SGHC) | 6.71 Bn | 6.29 Bn | - | - |
| 4 | Churchill Downs | 6.57 Bn | 6.37 Bn | 712.00 Mn | 268.00 Mn |
| 5 | Rush Street Interactive | 2.84 Bn | 2.50 Bn | 139.66 Mn | 254.12 Mn |
| 6 | Brightstar Lottery | 2.25 Bn | 980.32 Mn | 297.00 Mn | 290.00 Mn |
| 7 | Accel Entertainment | 987.75 Mn | 732.30 Mn | 115.51 Mn | 252.62 Mn |
| 8 | Codere Online Luxembourg | 415.46 Mn | 346.04 Mn | - | - |
| 9 | Inspired Entertainment | 175.48 Mn | 151.08 Mn | 52.10 Mn | 8.70 Mn |
| 10 | Bragg Gaming | 38.14 Mn | 34.30 Mn | 16.54 Mn | 13.28 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | 11.80 Mn |
| Mar 31, 2025 | 11.80 Mn |
| 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 | 12.96 Mn |
| Mar 31, 2024 | 12.96 Mn |
| Dec 31, 2023 | 12.18 Mn |
| Dec 31, 2023 | 12.18 Mn |
| Sep 30, 2023 | 11.67 Mn |
| Sep 30, 2023 | 11.67 Mn |