Bragg Gaming (BRAG) Operating Expenses (2020 - 2025)
Bragg Gaming's (BRAG) quarterly Operating Expenses came in at $17.7 million in Q4 2025, down 83.09% year-on-year from $105.0 million in Q4 2024, and up 194.14% quarter-over-quarter from -$18.9 million in Q3 2025.
Bragg Gaming (BRAG) Operating Expenses (2020 - 2025) Analysis & Trends
Bragg Gaming has disclosed Operating Expenses across 6 years of filings, most recently posting $17.7 million for Q4 2025.
- Operating Expenses for Q4 2025 came in at $17.7 million, down 83.09% year-over-year; the trailing twelve-month figure through Dec 2025 was -$16.6 billion (down 24.39% YoY), and the FY2025 annual result was $69.5 million, up 13.44% from the prior year.
- Operating Expenses came in at $17.7 million for Q4 2025 at Bragg Gaming, up from -$18.9 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $105.0 million in Q4 2024 to a low of -$16.6 billion in Q1 2025.
- The 5-year median for Operating Expenses is -$12.6 million (2022), against an average of -$1.5 billion.
- Across the five-year window, Operating Expenses jumped 62.04% in 2021 and slumped 103242.2% in 2024, its largest moves.
- Bragg Gaming's Operating Expenses stood at $68.1 million in 2021, then gained by 20.34% to $81.9 million in 2022, then gained by 16.19% to $95.2 million in 2023, then climbed by 10.27% to $105.0 million in 2024, then slumped by 83.09% to $17.7 million in 2025.
- The last three Operating Expenses figures came in at $17.7 million (Q4 2025), -$18.9 million (Q3 2025), and -$18.7 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Flutter Entertainment | 17.90 Bn | 16.81 Bn | 1.84 Bn | 792.00 Mn |
| 2 | DraftKings | 13.03 Bn | 12.02 Bn | 696.69 Mn | 289.11 Mn |
| 3 | Churchill Downs | 6.18 Bn | 6.02 Bn | 475.00 Mn | 520.00 Mn |
| 4 | Rush Street Interactive | 2.98 Bn | 2.81 Bn | 132.17 Mn | 327.58 Mn |
| 5 | Brightstar Lottery | 2.10 Bn | 1.86 Bn | 553.00 Mn | 60.00 Mn |
| 6 | Accel Entertainment | 1.07 Bn | 801.63 Mn | 109.94 Mn | 324.48 Mn |
| 7 | Codere Online Luxembourg | 539.90 Mn | 470.47 Mn | - | - |
| 8 | Bragg Gaming | 273.64 Mn | 265.89 Mn | 18.22 Mn | 17.75 Mn |
| 9 | Inspired Entertainment | 234.31 Mn | 190.81 Mn | 54.60 Mn | 24.30 Mn |
| 10 | High Roller Technologies | 50.40 Mn | 47.74 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 17.75 Mn |
| Sep 30, 2025 | -18.85 Mn |
| Jun 30, 2025 | -18.70 Mn |
| Mar 31, 2025 | -16.63 Bn |
| Dec 31, 2024 | 104.97 Mn |
| Sep 30, 2024 | -16.63 Mn |
| Jun 30, 2024 | -14.99 Mn |
| Mar 31, 2024 | -13.46 Bn |
| Dec 31, 2023 | 95.19 Mn |
| Sep 30, 2023 | -14.29 Mn |
| Jun 30, 2023 | -14.46 Mn |
| Mar 31, 2023 | -13.02 Mn |
| Dec 31, 2022 | 81.93 Mn |
| Sep 30, 2022 | -12.69 Mn |
| Jun 30, 2022 | -12.42 Mn |
| Mar 31, 2022 | -11.76 Mn |
| Dec 31, 2021 | 68.08 Mn |
| Sep 30, 2021 | -10.77 Mn |
| Jun 30, 2021 | -11.39 Mn |
| Mar 31, 2021 | -9.31 Mn |