Bragg Gaming (BRAG) Operating Margin (2020 - 2025)
Bragg Gaming (BRAG) posted Operating Margin of 0.32% for Q4 2025, up 92.91% sequentially from 4.48% in Q3 2025, and up 209.0% YoY from 0.1% in Q4 2024.
Bragg Gaming (BRAG) Operating Margin (2020 - 2025) Analysis & Trends
Bragg Gaming has reported Operating Margin for 6 years, with the latest figure at 0.32% in Q4 2025.
- Quarterly Operating Margin rose 209.0% year-over-year to 0.32% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 4.95% (down 148.0% YoY) and the FY2025 annual result came in at 5.01%, down 154.0% from the prior year.
- Operating Margin improved to 0.32% in Q4 2025 per BRAG's latest filing, from 4.48% in the prior quarter.
- Over five years, Operating Margin peaked at 5.14% in Q2 2023 and troughed at 17.22% in Q3 2021.
- A 5-year average of 4.35% and a median of 4.0% in 2021 frame the typical range for Operating Margin.
- The sharpest annual moves came in 2021 and 2024: Operating Margin jumped 2676 bps in 2021, then slumped 1003 bps in 2024.
- Over 5 years, Operating Margin stood at 11.68% in 2021, then jumped 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 jumped by 87 bps to 0.32% in 2025.
- According to Business Quant data, Operating Margin over the past three periods registered 0.32%, 4.48%, and 9.0% for Q4 2025, Q3 2025, and Q2 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Flutter Entertainment | 17.48 Bn | 15.91 Bn | 1.71 Bn | -3.33% |
| 2 | DraftKings | 12.42 Bn | 11.42 Bn | 551.45 Mn | -4.72% |
| 3 | Super Group (SGHC) | 6.68 Bn | 6.26 Bn | - | - |
| 4 | Churchill Downs | 6.51 Bn | 6.31 Bn | 712.00 Mn | 36.43% |
| 5 | Rush Street Interactive | 2.83 Bn | 2.49 Bn | 139.66 Mn | 11.74% |
| 6 | Brightstar Lottery | 2.15 Bn | 877.09 Mn | 297.00 Mn | 40.37% |
| 7 | Accel Entertainment | 993.49 Mn | 738.04 Mn | 115.51 Mn | 8.71% |
| 8 | Codere Online Luxembourg | 416.60 Mn | 347.18 Mn | - | - |
| 9 | Inspired Entertainment | 170.71 Mn | 146.31 Mn | 52.10 Mn | 16.28% |
| 10 | Bragg Gaming | 38.40 Mn | 34.55 Mn | 16.54 Mn | -7.57% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -0.32% |
| Sep 30, 2025 | -4.48% |
| Jun 30, 2025 | -9.00% |
| Mar 31, 2025 | -6.59% |
| Dec 31, 2024 | -2.41% |
| Sep 30, 2024 | -1.55% |
| Jun 30, 2024 | -4.89% |
| Mar 31, 2024 | -5.33% |
| Dec 31, 2023 | -1.85% |
| Sep 30, 2023 | -9.47% |
| Jun 30, 2023 | 5.14% |
| Mar 31, 2023 | 2.27% |
| Dec 31, 2022 | 0.68% |
| Sep 30, 2022 | -7.84% |
| Jun 30, 2022 | 3.62% |
| Mar 31, 2022 | -0.74% |
| Dec 31, 2021 | -11.68% |
| Sep 30, 2021 | -17.22% |
| Jun 30, 2021 | -11.78% |
| Mar 31, 2021 | -3.52% |