Bragg Gaming (BRAG) Research & Development (2020 - 2025)
Bragg Gaming's (BRAG) quarterly Research & Development came in at -$575037.5 in Q4 2025, down 36.23% year-on-year from -$901794.4 in Q4 2024, and down 79.52% quarter-over-quarter from -$320321.1 in Q3 2025.
Bragg Gaming (BRAG) Research & Development (2020 - 2025) Analysis & Trends
Bragg Gaming has disclosed Research & Development across 6 years of filings, most recently posting -$575037.5 for Q4 2025.
- Research & Development for Q4 2025 came in at -$575037.5, down 36.23% year-over-year; the trailing twelve-month figure through Dec 2025 was -$1.7 million (down 50.66% YoY), and the FY2025 annual result was -$1.7 million, down 50.16% from the prior year.
- Research & Development came in at -$575037.5 for Q4 2025 at Bragg Gaming, down from -$320321.1 in the prior quarter.
- In the past five years, Research & Development ranged from a high of -$33719.6 in Q2 2021 to a low of -$575037.5 in Q4 2025.
- The 5-year median for Research & Development is -$233567.8 (2024), against an average of -$260484.0.
- Across the five-year window, Research & Development plunged 794.21% in 2021 and soared 35.57% in 2023, its largest moves.
- Bragg Gaming's Research & Development stood at -$73115.8 in 2021, then plunged by 156.5% to -$187539.0 in 2022, then sank by 122.6% to -$417464.7 in 2023, then fell by 1.11% to -$422095.2 in 2024, then slumped by 36.23% to -$575037.5 in 2025.
- The last three Research & Development figures came in at -$575037.5 (Q4 2025), -$320321.1 (Q3 2025), and -$490138.5 (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Flutter Entertainment | 19.50 Bn | 18.41 Bn | 1.84 Bn | 259.00 Mn |
| 2 | DraftKings | 14.35 Bn | 13.34 Bn | 696.69 Mn | 123.18 Mn |
| 3 | Churchill Downs | 6.09 Bn | 5.94 Bn | 475.00 Mn | - |
| 4 | Rush Street Interactive | 3.02 Bn | 2.85 Bn | 132.17 Mn | - |
| 5 | Brightstar Lottery | 2.21 Bn | 1.97 Bn | 553.00 Mn | 14.00 Mn |
| 6 | Accel Entertainment | 1.09 Bn | 823.10 Mn | 109.94 Mn | - |
| 7 | Codere Online Luxembourg | 520.93 Mn | 451.51 Mn | - | - |
| 8 | Bragg Gaming | 252.59 Mn | 244.84 Mn | 18.22 Mn | -575,037.50 |
| 9 | Inspired Entertainment | 243.39 Mn | 199.89 Mn | 54.60 Mn | - |
| 10 | High Roller Technologies | 54.05 Mn | 51.39 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -575,037.50 |
| Sep 30, 2025 | -320,321.10 |
| Jun 30, 2025 | -490,138.54 |
| Mar 31, 2025 | -348,173.75 |
| Dec 31, 2024 | -422,095.18 |
| Sep 30, 2024 | -261,376.24 |
| Jun 30, 2024 | -233,684.60 |
| Mar 31, 2024 | -233,567.78 |
| Dec 31, 2023 | -417,464.68 |
| Sep 30, 2023 | -120,833.54 |
| Jun 30, 2023 | -221,051.65 |
| Mar 31, 2023 | -202,861.60 |
| Sep 30, 2022 | -187,539.03 |
| Jun 30, 2022 | -196,338.43 |
| Mar 31, 2022 | -90,909.36 |
| Sep 30, 2021 | -73,115.81 |
| Jun 30, 2021 | -33,719.60 |
| Sep 30, 2020 | -8,176.54 |