Bragg Gaming (BRAG) Research & Development (2020 - 2025)
Bragg Gaming (BRAG) posted Research & Development of -$575037.5 for Q4 2025, down 79.52% on a QoQ basis from -$320321.1 in Q3 2025, and down 36.23% year-over-year from -$901794.4 in Q4 2024.
Bragg Gaming (BRAG) has 6 years of Research & Development data on file, last reported at -$575037.5 in Q4 2025.
- In Q4 2025, Research & Development fell 36.23% year-over-year to -$575037.5; the TTM figure through Dec 2025 stood at -$1.7 million (down 50.66% YoY), while the FY2025 annual figure was -$1.7 million, down 50.16% from the prior year.
- Research & Development declined to -$575037.5 in Q4 2025, from -$320321.1 in the prior quarter.
- Across five years, Research & Development topped out at -$33719.6 in Q2 2021 and bottomed at -$575037.5 in Q4 2025.
- A 5-year average of -$260484.0 and a median of -$233567.8 in 2024 frame the typical range for Research & Development.
- Annual changes were most pronounced in 2021 — Research & Development sank 794.21% — and 2023, when it jumped 35.57%.
- Year by year, Research & Development stood at -$73115.8 in 2021, then tumbled by 156.5% to -$187539.0 in 2022, then plunged by 122.6% to -$417464.7 in 2023, then slipped by 1.11% to -$422095.2 in 2024, then sank 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 | 18.39 Bn | 17.30 Bn | 1.84 Bn | 259.00 Mn |
| 2 | DraftKings | 13.23 Bn | 12.22 Bn | 696.69 Mn | 123.18 Mn |
| 3 | Churchill Downs | 6.28 Bn | 6.13 Bn | 475.00 Mn | - |
| 4 | Rush Street Interactive | 2.60 Bn | 2.43 Bn | 132.17 Mn | - |
| 5 | Brightstar Lottery | 2.28 Bn | 2.94 Bn | - | - |
| 6 | Accel Entertainment | 1.01 Bn | 735.58 Mn | 109.94 Mn | - |
| 7 | Codere Online Luxembourg | 490.38 Mn | 420.96 Mn | - | - |
| 8 | Bragg Gaming | 269.74 Mn | 261.99 Mn | 18.22 Mn | -575,037.50 |
| 9 | Inspired Entertainment | 233.43 Mn | 189.93 Mn | 54.60 Mn | - |
| 10 | High Roller Technologies | 45.23 Mn | 42.56 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 |