Bragg Gaming (BRAG) Operating Expenses (2020 - 2025)
Bragg Gaming (BRAG) posted quarterly Operating Expenses of $126.0 million for Q4 2025, up 12.37% year-on-year from $112.2 million in Q4 2024, and up 776.68% on a QoQ basis from -$18.6 million in Q3 2025.
Bragg Gaming (BRAG) Operating Expenses (2020 - 2025) Analysis & Trends
Bragg Gaming (BRAG) has reported Operating Expenses for 6 consecutive years, with $126.0 million the latest figure, recorded in Q4 2025.
- Quarterly Operating Expenses rose 12.37% year-over-year to $126.0 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $70.6 million (up 11.96% YoY) and the FY2025 annual result came in at $70.3 million, up 11.41% from the prior year.
- Operating Expenses climbed to $126.0 million in Q4 2025 per BRAG's latest filing, from -$18.6 million in the prior quarter.
- Over the last five years, Operating Expenses for BRAG reached as high as $126.0 million in Q4 2025 and fell as low as -$18.6 million in Q3 2025.
- A 5-year average of $13.8 million and a median of -$14.0 million in 2022 frame the typical range for Operating Expenses.
- The largest YoY upside for Operating Expenses was 68.88% in 2021 against a maximum downside of 116.62% in 2021.
- Year by year, Operating Expenses stood at $67.7 million in 2021, then soared by 34.93% to $91.4 million in 2022, then rose by 9.84% to $100.4 million in 2023, then rose by 11.73% to $112.2 million in 2024, then advanced by 12.37% to $126.0 million in 2025.
- According to Business Quant data, Operating Expenses over the past three periods registered $126.0 million, -$18.6 million, and -$18.3 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Codere Online Luxembourg | 425.84 Bn | 425.77 Bn | - | - |
| 2 | Flutter Entertainment | 19.13 Bn | 17.62 Bn | 1.84 Bn | 1.50 Bn |
| 3 | DraftKings | 12.12 Bn | 11.11 Bn | 696.69 Mn | 289.11 Mn |
| 4 | Super Group (SGHC) | 7.57 Bn | 7.15 Bn | - | -470.00 Mn |
| 5 | Churchill Downs | 6.27 Bn | 6.17 Bn | 464.00 Mn | 520.00 Mn |
| 6 | Rush Street Interactive | 3.15 Bn | 2.82 Bn | 132.17 Mn | 327.58 Mn |
| 7 | Brightstar Lottery | 1.94 Bn | 670.63 Mn | 297.00 Mn | 60.00 Mn |
| 8 | Accel Entertainment | 1.02 Bn | 746.37 Mn | 350.92 Mn | 324.48 Mn |
| 9 | Inspired Entertainment | 207.07 Mn | 163.57 Mn | 54.60 Mn | 24.30 Mn |
| 10 | Bragg Gaming | 40.73 Mn | 33.16 Mn | 17.81 Mn | 126.03 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 126.03 Mn |
| Sep 30, 2025 | -18.62 Mn |
| Jun 30, 2025 | -18.31 Mn |
| Mar 31, 2025 | -18.48 Mn |
| Dec 31, 2024 | 112.16 Mn |
| Sep 30, 2024 | -17.83 Mn |
| Jun 30, 2024 | -16.31 Mn |
| Mar 31, 2024 | -14.93 Mn |
| Dec 31, 2023 | 100.38 Mn |
| Sep 30, 2023 | -15.72 Mn |
| Jun 30, 2023 | -15.57 Mn |
| Mar 31, 2023 | -14.18 Mn |
| Dec 31, 2022 | 91.38 Mn |
| Sep 30, 2022 | -14.47 Mn |
| Jun 30, 2022 | -13.85 Mn |
| Mar 31, 2022 | -12.94 Mn |
| Dec 31, 2021 | 67.72 Mn |
| Sep 30, 2021 | -10.56 Mn |
| Jun 30, 2021 | -10.85 Mn |
| Mar 31, 2021 | -8.42 Mn |