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| 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 | 11,803.20 |
| 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 |