Bragg Gaming (BRAG) Research & Development (2020 - 2025)

Bragg Gaming (BRAG) posted quarterly Research & Development of -$330006.7 for Q4 2025, down 4042.86% year-on-year from $8369.7 in Q4 2024, and down 36.79% on a QoQ basis from -$241246.3 in Q3 2025.

Bragg Gaming (BRAG) Research & Development (2020 - 2025) Analysis & Trends

Bragg Gaming (BRAG) has reported Research & Development for 6 consecutive years, with -$330006.7 the latest figure, recorded in Q4 2025.

  • Quarterly Research & Development fell 4042.86% year-over-year to -$330006.7 in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$917191.1 (up 55.4% YoY) and the FY2025 annual result came in at -$1.1 million, up 45.77% from the prior year.
  • Research & Development fell to -$330006.7 in Q4 2025 per BRAG's latest filing, from -$241246.3 in the prior quarter.
  • Over the last five years, Research & Development for BRAG reached as high as -$7965.7 in Q4 2024 and fell as low as -$805671.6 in Q3 2024.
  • A 5-year average of -$449224.2 and a median of -$524596.9 in 2022 frame the typical range for Research & Development.
  • Annual changes were most pronounced in 2024 — Research & Development jumped 98.65% — and 2025, when it tumbled 4042.86%.
  • Year by year, Research & Development stood at -$132002.7 in 2021, then sank by 297.41% to -$524596.9 in 2022, then decreased by 12.8% to -$591736.2 in 2023, then soared by 98.65% to -$7965.7 in 2024, then slumped by 4042.86% to -$330006.7 in 2025.
  • According to Business Quant data, Research & Development over the past three periods registered -$330006.7, -$241246.3, and -$337972.4 for Q4 2025, Q3 2025, and Q1 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Codere Online Luxembourg 425.84 Bn 425.77 Bn - -
2 Flutter Entertainment 19.13 Bn 17.62 Bn 1.84 Bn 966.00 Mn
3 DraftKings 12.12 Bn 11.11 Bn 696.69 Mn 123.18 Mn
4 Super Group (SGHC) 7.57 Bn 7.15 Bn - -422.00 Mn
5 Churchill Downs 6.27 Bn 6.17 Bn 464.00 Mn -
6 Rush Street Interactive 3.15 Bn 2.82 Bn 132.17 Mn -
7 Brightstar Lottery 1.94 Bn 670.63 Mn 297.00 Mn 14.00 Mn
8 Accel Entertainment 1.02 Bn 746.37 Mn 350.92 Mn -
9 Inspired Entertainment 207.07 Mn 163.57 Mn 54.60 Mn -
10 Bragg Gaming 40.73 Mn 33.16 Mn 17.81 Mn -330,006.74

Historic Data

Download Data
DateValue
Dec 31, 2025 -330,006.74
Sep 30, 2025 -241,246.31
Mar 31, 2025 -337,972.42
Dec 31, 2024 -7,965.68
Sep 30, 2024 -805,671.62
Jun 30, 2024 -606,529.63
Mar 31, 2024 -636,116.44
Dec 31, 2023 -591,736.22
Sep 30, 2023 -727,152.78
Jun 30, 2023 -532,562.60
Mar 31, 2023 -469,975.11
Sep 30, 2022 -524,596.92
Jun 30, 2022 -690,738.24
Mar 31, 2022 -754,463.68
Sep 30, 2021 -132,002.70
Jun 30, 2021 -176,382.91
Mar 31, 2021 -71,691.12
Sep 30, 2020 -4,551.82