Bragg Gaming (BRAG) Gross Margin (2020 - 2025)

Bragg Gaming has disclosed Gross Margin across 6 years of filings, most recently posting 56.54% for Q4 2025.

• Gross Margin for Q4 2025 came in at 56.54%, down 150.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 54.69% (up 77.0% YoY), and the FY2025 annual result was 54.99%, up 201.0% from the prior year.
• Gross Margin came in at 56.54% for Q4 2025 at Bragg Gaming, up from 54.66% in the prior quarter.
• In the past five years, Gross Margin ranged from a high of 58.03% in Q4 2024 to a low of 45.35% in Q2 2021.
• The 5-year median for Gross Margin is 52.61% (2023), against an average of 52.58%.
• Across the five-year window, Gross Margin soared 1057 bps in 2022 and slumped 602 bps in 2024, its largest moves.
• Bragg Gaming's Gross Margin stood at 51.0% in 2021, then increased by 8 bps to 54.85% in 2022, then decreased by 6 bps to 51.53% in 2023, then gained by 13 bps to 58.03% in 2024, then dropped 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.