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