Gambling.com (GAMB) Research & Development (2020 - 2025)

Gambling.com (GAMB) posted quarterly Research & Development of -$17.0 million for Q4 2025, down 56.43% year-on-year from -$39.0 million in Q4 2024, and down 6.97% on a QoQ basis from -$15.9 million in Q3 2025.

Gambling.com (GAMB) Research & Development (2020 - 2025) Analysis & Trends

Gambling.com (GAMB) has reported Research & Development for 6 consecutive years, with -$17.0 million the latest figure, recorded in Q4 2025.

  • Quarterly Research & Development fell 56.43% year-over-year to -$17.0 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$63.5 million (down 51.05% YoY) and the FY2025 annual result came in at -$63.0 million, down 50.38% from the prior year.
  • Research & Development slipped to -$17.0 million in Q4 2025 per GAMB's latest filing, from -$15.9 million in the prior quarter.
  • Over the last five years, Research & Development for GAMB reached as high as -$2.7 million in Q1 2021 and fell as low as -$17.0 million in Q4 2025.
  • A 5-year average of -$9.4 million and a median of -$9.1 million in 2022 frame the typical range for Research & Development.
  • Annual changes were most pronounced in 2022 — Research & Development sank 172.26% — and 2023, when it slipped 1.33%.
  • Year by year, Research & Development stood at -$4.6 million in 2021, then sank by 102.96% to -$9.4 million in 2022, then fell by 3.04% to -$9.7 million in 2023, then dropped by 12.27% to -$10.9 million in 2024, then plunged by 56.43% to -$17.0 million in 2025.
  • According to Business Quant data, Research & Development over the past three periods registered -$17.0 million, -$15.9 million, and -$15.4 million for Q4 2025, Q3 2025, and Q2 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 Gambling.com 58.26 Mn 42.45 Mn 39.34 Mn -17.01 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 -17.01 Mn
Sep 30, 2025 -15.91 Mn
Jun 30, 2025 -15.39 Mn
Mar 31, 2025 -15.16 Mn
Dec 31, 2024 -10.88 Mn
Sep 30, 2024 -10.82 Mn
Jun 30, 2024 -10.71 Mn
Mar 31, 2024 -9.61 Mn
Dec 31, 2023 -9.69 Mn
Sep 30, 2023 -8.64 Mn
Jun 30, 2023 -8.74 Mn
Mar 31, 2023 -8.26 Mn
Dec 31, 2022 -9.40 Mn
Sep 30, 2022 -8.52 Mn
Jun 30, 2022 -8.45 Mn
Mar 31, 2022 -7.36 Mn
Dec 31, 2021 -4.63 Mn
Sep 30, 2021 -3.59 Mn
Jun 30, 2021 -3.14 Mn
Mar 31, 2021 -2.70 Mn