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| Date | Value |
|---|---|
| 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 |