Brightstar Lottery (BRSL) Research & Development (2014 - 2026)
Brightstar Lottery (BRSL) posted quarterly 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 reported Research & Development for 13 consecutive years, with $14.0 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Research & Development rose 27.27% year-over-year to $14.0 million; the TTM figure through Mar 2026 stood at $49.0 million (up 11.36% YoY), while the FY2025 annual figure was $47.0 million, up 9.3% from the prior year.
- Research & Development improved to $14.0 million in Q1 2026 per BRSL's latest filing, from $13.0 million in the prior quarter.
- Across five years, Research & Development topped out at $60.0 million in Q2 2022 and bottomed at -$140.0 million in Q4 2022.
- Historically, Research & Development has averaged $3.6 million across 5 years, with a median of $11.0 million in 2024.
- On a YoY basis, Research & Development climbed as much as 98260.66% in 2022 and fell as far as 337.29% in 2022.
- Brightstar Lottery's Research & Development stood at -$140.0 million in 2022, then jumped by 107.14% to $10.0 million in 2023, then changed by 0.0% to $10.0 million in 2024, then increased by 30.0% to $13.0 million in 2025, then rose 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 | 18.04 Bn | 16.48 Bn | 1.71 Bn | 1.01 Bn |
| 2 | DraftKings | 12.82 Bn | 11.83 Bn | 551.45 Mn | 322.54 Mn |
| 3 | Super Group (SGHC) | 6.66 Bn | 6.24 Bn | - | -422.00 Mn |
| 4 | Churchill Downs | 6.50 Bn | 6.30 Bn | 712.00 Mn | - |
| 5 | Rush Street Interactive | 2.81 Bn | 2.47 Bn | 139.66 Mn | - |
| 6 | Brightstar Lottery | 2.24 Bn | 968.23 Mn | 297.00 Mn | 14.00 Mn |
| 7 | Accel Entertainment | 973.80 Mn | 718.35 Mn | 115.51 Mn | - |
| 8 | Codere Online Luxembourg | 415.01 Mn | 345.58 Mn | - | - |
| 9 | Inspired Entertainment | 174.32 Mn | 149.92 Mn | 52.10 Mn | - |
| 10 | Grandstand | 70.65 Mn | 61.84 Mn | 31.83 Mn | -16.14 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 | 67,000.00 |
| Jun 30, 2022 | 60.00 Mn |
| Mar 31, 2022 | 57,000.00 |
| Dec 31, 2021 | 59.00 Mn |
| Sep 30, 2021 | 63,000.00 |
| Jun 30, 2021 | 61,000.00 |