Gambling.com (GAMB) Research & Development (2020 - 2025)
Gambling.com's (GAMB) quarterly Research & Development came in at -$6.9 million in Q4 2025, down 76.08% year-on-year from -$28.7 million in Q4 2024, and down 13.67% quarter-over-quarter from -$6.0 million in Q3 2025.
Gambling.com (GAMB) Research & Development (2020 - 2025) Analysis & Trends
Gambling.com has disclosed Research & Development across 6 years of filings, most recently posting -$6.9 million for Q4 2025.
- Research & Development for Q4 2025 came in at -$6.9 million, down 76.08% year-over-year; the trailing twelve-month figure through Dec 2025 was -$24.3 million (down 75.41% YoY), and the FY2025 annual result was $24.8 million, up 77.71% from the prior year.
- Research & Development came in at -$6.9 million for Q4 2025 at Gambling.com, down from -$6.0 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of -$690000.0 in Q1 2021 to a low of -$6.9 million in Q4 2025.
- The 5-year median for Research & Development is -$2.5 million (2023), against an average of -$3.0 million.
- Across the five-year window, Research & Development retreated 25.57% in 2024 and plunged 98.48% in 2025, its largest moves.
- Gambling.com's Research & Development stood at -$1.2 million in 2021, then slumped by 85.55% to -$2.2 million in 2022, then slumped by 38.5% to -$3.1 million in 2023, then slipped by 27.7% to -$3.9 million in 2024, then slumped 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 | 19.50 Bn | 18.41 Bn | 1.84 Bn | 259.00 Mn |
| 2 | DraftKings | 14.35 Bn | 13.34 Bn | 696.69 Mn | 123.18 Mn |
| 3 | Churchill Downs | 6.09 Bn | 5.94 Bn | 475.00 Mn | - |
| 4 | Rush Street Interactive | 3.02 Bn | 2.85 Bn | 132.17 Mn | - |
| 5 | Brightstar Lottery | 2.21 Bn | 1.97 Bn | 553.00 Mn | 14.00 Mn |
| 6 | Accel Entertainment | 1.09 Bn | 823.10 Mn | 109.94 Mn | - |
| 7 | Codere Online Luxembourg | 520.93 Mn | 451.51 Mn | - | - |
| 8 | Bragg Gaming | 252.59 Mn | 244.84 Mn | 18.22 Mn | -575,037.50 |
| 9 | Inspired Entertainment | 243.39 Mn | 199.89 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 |