Bragg Gaming (BRAG) Gross Margin (2020 - 2025)
Bragg Gaming (BRAG) posted Gross Margin of 56.54% for Q4 2025, up 3.44% on a QoQ basis from 54.66% in Q3 2025, and down 150.0% year-over-year from 113.08% in Q4 2024.
Bragg Gaming (BRAG) has 6 years of Gross Margin data on file, last reported at 56.54% in Q4 2025.
- In Q4 2025, Gross Margin fell 150.0% year-over-year to 56.54%; the TTM figure through Dec 2025 stood at 54.69% (up 77.0% YoY), while the FY2025 annual figure was 54.99%, up 201.0% from the prior year.
- Gross Margin grew to 56.54% in Q4 2025, from 54.66% in the prior quarter.
- Across five years, Gross Margin topped out at 58.03% in Q4 2024 and bottomed at 45.35% in Q2 2021.
- A 5-year average of 52.58% and a median of 52.61% in 2023 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2022 — Gross Margin jumped 1057 bps — and 2024, when it tumbled 602 bps.
- Year by year, Gross Margin stood at 51.0% in 2021, then advanced by 8 bps to 54.85% in 2022, then declined by 6 bps to 51.53% in 2023, then grew by 13 bps to 58.03% in 2024, then retreated by 3 bps to 56.54% in 2025.
- The last three Gross Margin figures came in at 56.54% (Q4 2025), 54.66% (Q3 2025), and 52.7% (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Flutter Entertainment | 18.39 Bn | 17.30 Bn | 1.84 Bn | 42.68% |
| 2 | DraftKings | 13.23 Bn | 12.22 Bn | 696.69 Mn | 42.32% |
| 3 | Churchill Downs | 6.28 Bn | 6.13 Bn | 475.00 Mn | 71.64% |
| 4 | Rush Street Interactive | 2.60 Bn | 2.43 Bn | 132.17 Mn | 35.69% |
| 5 | Brightstar Lottery | 2.28 Bn | 2.94 Bn | - | - |
| 6 | Accel Entertainment | 1.01 Bn | 735.58 Mn | 109.94 Mn | 31.27% |
| 7 | Codere Online Luxembourg | 490.38 Mn | 420.96 Mn | - | - |
| 8 | Bragg Gaming | 269.74 Mn | 261.99 Mn | 18.22 Mn | 56.54% |
| 9 | Inspired Entertainment | 233.43 Mn | 189.93 Mn | 54.60 Mn | 95.45% |
| 10 | High Roller Technologies | 45.23 Mn | 42.56 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 56.54% |
| Sep 30, 2025 | 54.66% |
| Jun 30, 2025 | 52.70% |
| Mar 31, 2025 | 56.00% |
| Dec 31, 2024 | 58.03% |
| Sep 30, 2024 | 53.51% |
| Jun 30, 2024 | 49.89% |
| Mar 31, 2024 | 49.88% |
| Dec 31, 2023 | 51.53% |
| Sep 30, 2023 | 52.52% |
| Jun 30, 2023 | 55.91% |
| Mar 31, 2023 | 53.46% |
| Dec 31, 2022 | 54.85% |
| Sep 30, 2022 | 49.98% |
| Jun 30, 2022 | 55.92% |
| Mar 31, 2022 | 51.76% |
| Dec 31, 2021 | 51.00% |
| Sep 30, 2021 | 51.35% |
| Jun 30, 2021 | 45.35% |
| Mar 31, 2021 | 46.84% |
| Dec 31, 2020 | 43.77% |
| Sep 30, 2020 | 43.38% |