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
DateValue
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