Bragg Gaming (BRAG) Research & Development (2020 - 2025)
Bragg Gaming (BRAG) posted Research & Development of -$337572.6 for Q4 2025, down 36.21% sequentially from -$247839.7 in Q3 2025, and down 4412.9% YoY from $7827.0 in Q4 2024.
Bragg Gaming (BRAG) Research & Development (2020 - 2025) Analysis & Trends
Bragg Gaming has reported Research & Development for 6 years, with the latest figure at -$337572.6 in Q4 2025.
- Quarterly Research & Development fell 4412.9% year-over-year to -$337572.6 in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$905302.1 (up 53.96% YoY) and the FY2025 annual result came in at -$1.1 million, up 43.39% from the prior year.
- Research & Development declined to -$337572.6 in Q4 2025 per BRAG's latest filing, from -$247839.7 in the prior quarter.
- Over five years, Research & Development peaked at -$7480.2 in Q4 2024 and troughed at -$777539.4 in Q3 2024.
- A 5-year average of -$431069.6 and a median of -$464814.5 in 2022 frame the typical range for Research & Development.
- The sharpest annual moves came in 2024 and 2025: Research & Development surged 98.66% in 2024, then slumped 4412.9% in 2025.
- Over 5 years, Research & Development stood at -$136797.3 in 2021, then sank by 239.78% to -$464814.5 in 2022, then slipped by 20.37% to -$559488.8 in 2023, then soared by 98.66% to -$7480.2 in 2024, then plunged by 4412.9% to -$337572.6 in 2025.
- According to Business Quant data, Research & Development over the past three periods registered -$337572.6, -$247839.7, and -$312409.7 for Q4 2025, Q3 2025, and Q1 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Flutter Entertainment | 17.48 Bn | 15.91 Bn | 1.71 Bn | 1.01 Bn |
| 2 | DraftKings | 12.42 Bn | 11.42 Bn | 551.45 Mn | 322.54 Mn |
| 3 | Super Group (SGHC) | 6.68 Bn | 6.26 Bn | - | -422.00 Mn |
| 4 | Churchill Downs | 6.51 Bn | 6.31 Bn | 712.00 Mn | - |
| 5 | Rush Street Interactive | 2.83 Bn | 2.49 Bn | 139.66 Mn | - |
| 6 | Brightstar Lottery | 2.15 Bn | 877.09 Mn | 297.00 Mn | 14.00 Mn |
| 7 | Accel Entertainment | 993.49 Mn | 738.04 Mn | 115.51 Mn | - |
| 8 | Codere Online Luxembourg | 416.60 Mn | 347.18 Mn | - | - |
| 9 | Inspired Entertainment | 170.71 Mn | 146.31 Mn | 52.10 Mn | - |
| 10 | Bragg Gaming | 38.40 Mn | 34.55 Mn | 16.54 Mn | -446,346.95 |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -337,572.62 |
| Sep 30, 2025 | -247,839.68 |
| Mar 31, 2025 | -312,409.68 |
| Dec 31, 2024 | -7,480.17 |
| Sep 30, 2024 | -777,539.41 |
| Jun 30, 2024 | -573,981.08 |
| Mar 31, 2024 | -607,276.23 |
| Dec 31, 2023 | -559,488.75 |
| Sep 30, 2023 | -695,609.31 |
| Jun 30, 2023 | -509,616.62 |
| Mar 31, 2023 | -443,290.17 |
| Sep 30, 2022 | -464,814.47 |
| Jun 30, 2022 | -647,703.41 |
| Mar 31, 2022 | -744,109.91 |
| Sep 30, 2021 | -136,797.33 |
| Jun 30, 2021 | -186,662.07 |
| Mar 31, 2021 | -75,992.87 |
| Sep 30, 2020 | -4,672.31 |