Brightstar Lottery (BRSL) Research & Development (2014 - 2026)
Brightstar Lottery (BRSL) reported Research & Development of $14.0 million for Q1 2026, up 27.27% year-over-year from $11.0 million in Q1 2025, and up 7.69% quarter-over-quarter from $13.0 million in Q4 2025.
Brightstar Lottery (BRSL) Research & Development (2014 - 2026) Analysis & Trends
Brightstar Lottery (BRSL) has 13 years of Research & Development data on file, last reported at $14.0 million in Q1 2026.
- Research & Development for Q1 2026 came in at $14.0 million, up 27.27% year-over-year; the trailing twelve-month figure through Mar 2026 was $49.0 million (up 11.36% YoY), and the FY2025 annual result was $47.0 million, up 9.3% from the prior year.
- Research & Development grew to $14.0 million in Q1 2026 per BRSL's latest filing, from $13.0 million in the prior quarter.
- Over five years, Research & Development peaked at $67.0 million in Q3 2022 and troughed at -$140.0 million in Q4 2022.
- A 5-year average of $10.9 million and a median of $11.0 million in 2024 frame the typical range for Research & Development.
- On a YoY basis, Research & Development climbed as much as 106249.21% in 2022 and fell as far as 337.29% in 2022.
- A 5-year view of Research & Development shows it stood at -$140.0 million in 2022, then soared by 107.14% to $10.0 million in 2023, then changed by 0.0% to $10.0 million in 2024, then grew by 30.0% to $13.0 million in 2025, then increased by 7.69% to $14.0 million in 2026.
- Business Quant data shows BRSL's Research & Development at $14.0 million in Q1 2026, $13.0 million in Q4 2025, and $11.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Flutter Entertainment | 17.90 Bn | 16.81 Bn | 1.84 Bn | 259.00 Mn |
| 2 | DraftKings | 13.03 Bn | 12.02 Bn | 696.69 Mn | 123.18 Mn |
| 3 | Churchill Downs | 6.18 Bn | 6.02 Bn | 475.00 Mn | - |
| 4 | Rush Street Interactive | 2.98 Bn | 2.81 Bn | 132.17 Mn | - |
| 5 | Brightstar Lottery | 2.10 Bn | 1.86 Bn | 553.00 Mn | 14.00 Mn |
| 6 | Accel Entertainment | 1.07 Bn | 801.63 Mn | 109.94 Mn | - |
| 7 | Codere Online Luxembourg | 539.90 Mn | 470.47 Mn | - | - |
| 8 | Bragg Gaming | 273.64 Mn | 265.89 Mn | 18.22 Mn | -575,037.50 |
| 9 | Inspired Entertainment | 234.31 Mn | 190.81 Mn | 54.60 Mn | - |
| 10 | High Roller Technologies | 50.40 Mn | 47.74 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 14.00 Mn |
| Dec 31, 2025 | 13.00 Mn |
| Sep 30, 2025 | 11.00 Mn |
| Jun 30, 2025 | 11.00 Mn |
| Mar 31, 2025 | 11.00 Mn |
| Dec 31, 2024 | 10.00 Mn |
| Sep 30, 2024 | 12.00 Mn |
| Jun 30, 2024 | 11.00 Mn |
| Mar 31, 2024 | 11.00 Mn |
| Dec 31, 2023 | 10.00 Mn |
| Sep 30, 2023 | 9.00 Mn |
| Jun 30, 2023 | 9.00 Mn |
| Mar 31, 2023 | 9.00 Mn |
| Dec 31, 2022 | -140.00 Mn |
| Sep 30, 2022 | 67.00 Mn |
| Jun 30, 2022 | 60.00 Mn |
| Mar 31, 2022 | 57.00 Mn |
| Dec 31, 2021 | 59.00 Mn |
| Sep 30, 2021 | 63,000.00 |
| Jun 30, 2021 | 61,000.00 |