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

Bragg Gaming has disclosed Operating Margin across 6 years of filings, most recently posting 38.1% for Q4 2025.

• Operating Margin for Q4 2025 came in at 38.1%, down 3569.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 17.55% (down 1465.0% YoY), and the FY2025 annual result was 5.01%, down 154.0% from the prior year.
• Operating Margin came in at 38.1% for Q4 2025 at Bragg Gaming, down from 4.48% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 5.14% in Q2 2023 to a low of 38.1% in Q4 2025.
• The 5-year median for Operating Margin is 4.69% (2024), against an average of 6.23%.
• Across the five-year window, Operating Margin surged 2676 bps in 2021 and tumbled 3569 bps in 2025, its largest moves.
• Bragg Gaming's Operating Margin stood at 11.68% in 2021, then surged by 106 bps to 0.68% in 2022, then plunged by 370 bps to 1.85% in 2023, then sank by 30 bps to 2.41% in 2024, then plunged by 1482 bps to 38.1% in 2025.
• The last three Operating Margin figures came in at 38.1% (Q4 2025), 4.48% (Q3 2025), and 9.0% (Q2 2025), per Business Quant data.