Gambling.com (GAMB) Research & Development (2020 - 2025)
Gambling.com (GAMB) posted Research & Development of -$6.9 million for Q4 2025, down 13.67% on a QoQ basis from -$6.0 million in Q3 2025, and down 76.08% year-over-year from -$28.7 million in Q4 2024.
Gambling.com (GAMB) has 6 years of Research & Development data on file, last reported at -$6.9 million in Q4 2025.
- In Q4 2025, Research & Development fell 76.08% year-over-year to -$6.9 million; the TTM figure through Dec 2025 stood at -$24.3 million (down 75.41% YoY), while the FY2025 annual figure was $24.8 million, up 77.71% from the prior year.
- Research & Development slipped to -$6.9 million in Q4 2025, from -$6.0 million in the prior quarter.
- Across five years, Research & Development topped out at -$690000.0 in Q1 2021 and bottomed at -$6.9 million in Q4 2025.
- A 5-year average of -$3.0 million and a median of -$2.5 million in 2023 frame the typical range for Research & Development.
- Annual changes were most pronounced in 2024 — Research & Development decreased 25.57% — and 2025, when it sank 98.48%.
- Year by year, Research & Development stood at -$1.2 million in 2021, then sank by 85.55% to -$2.2 million in 2022, then sank by 38.5% to -$3.1 million in 2023, then fell by 27.7% to -$3.9 million in 2024, then sank by 76.08% to -$6.9 million in 2025.
- The last three Research & Development figures came in at -$6.9 million (Q4 2025), -$6.0 million (Q3 2025), and -$6.1 million (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 | Gambling.com | - | - | 39.34 Mn | -6.88 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -6.88 Mn |
| Sep 30, 2025 | -6.05 Mn |
| Jun 30, 2025 | -6.14 Mn |
| Mar 31, 2025 | -5.19 Mn |
| Dec 31, 2024 | -3.91 Mn |
| Sep 30, 2024 | -3.62 Mn |
| Jun 30, 2024 | -3.09 Mn |
| Mar 31, 2024 | -3.22 Mn |
| Dec 31, 2023 | -3.06 Mn |
| Sep 30, 2023 | -2.53 Mn |
| Jun 30, 2023 | -2.46 Mn |
| Mar 31, 2023 | -2.24 Mn |
| Dec 31, 2022 | -2.21 Mn |
| Sep 30, 2022 | -1.69 Mn |
| Jun 30, 2022 | -1.50 Mn |
| Mar 31, 2022 | -1.36 Mn |
| Dec 31, 2021 | -1.19 Mn |
| Sep 30, 2021 | -1.12 Mn |
| Jun 30, 2021 | -944,000.00 |
| Mar 31, 2021 | -690,000.00 |
| Dec 31, 2020 | -798,000.00 |
| Sep 30, 2020 | -663,000.00 |
| Jun 30, 2020 | -510,000.00 |