Bragg Gaming Group Inc. (BRAG) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 22, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 40-F for FY2025, filed Mar 31, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the BRAG SEC filings page.
Bragg Gaming Group Inc. (BRAG) reported $124.5M in revenue for fiscal year 2025, up 17.9% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Bragg Gaming Group Inc. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Bragg Gaming Group Inc. scores 0.09, below the 1.81 distress threshold. The score is pulled down most by an accumulated deficit of $105.0M against total assets of $116.6M. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Bragg Gaming Group Inc. passes 5 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
Bragg Gaming Group Inc. reported a net loss of $9.5M while generating $21.0M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Bragg Gaming Group Inc. reported an operating loss of $6.2M against $1.2M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Bragg Gaming Group Inc. generated $124.5M in revenue in fiscal year 2025. This represents an increase of 17.9% from the prior year.
Bragg Gaming Group Inc.'s EBITDA was $16.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 19.8% from the prior year.
Bragg Gaming Group Inc. reported a net loss of $9.5M in fiscal year 2025. The change from the prior year is not meaningful, because that figure was zero or negative.
Bragg Gaming Group Inc. earned -$0.38 per diluted share (EPS) in fiscal year 2025. The change from the prior year is not meaningful, because that figure was zero or negative.
Cash & Balance Sheet
Bragg Gaming Group Inc. generated $20.6M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 97.2% from the prior year.
Bragg Gaming Group Inc. held $7.8M in cash against $4.1M in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Bragg Gaming Group Inc.'s gross margin was 55.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 2.0 percentage points from the prior year.
Bragg Gaming Group Inc.'s operating margin was -5.0% in fiscal year 2025, reflecting core business profitability. This is down 1.5 percentage points from the prior year.
Bragg Gaming Group Inc.'s net profit margin was -7.6% in fiscal year 2025, showing the share of revenue converted to profit. This is down 2.6 percentage points from the prior year.
Bragg Gaming Group Inc.'s ROE was -12.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 5.9 percentage points from the prior year.
Capital Allocation
Bragg Gaming Group Inc. invested $427K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 61.0% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
BRAG Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2540-F | FY2440-F | FY2340-F | FY2240-F | FY2140-F | FY2040-F |
|---|---|---|---|---|---|---|
| Revenue | $124.5M+17.9% | $105.6M+2.1% | $103.5M+14.1% | $90.6M+37.3% | $66.0M+16.3% | $56.8M |
| Cost of Revenue | $56.0M+12.9% | $49.6M+3.0% | $48.2M+13.6% | $42.4M+24.9% | $34.0M+5.8% | $32.1M |
| Gross Profit | $68.5M+22.4% | $55.9M+1.3% | $55.2M+14.5% | $48.2M+50.5% | $32.1M+29.8% | $24.7M |
| Operating Income | -$6.2Mn/m | -$3.7Mn/m | -$860Kn/m | -$886Kn/m | -$7.2Mn/m | -$14.5M |
| EBITDA | $16.6M+19.8% | $13.8M+1.7% | $13.6M+66.6% | $8.2Mn/m | -$1.8Mn/m | -$11.0M |
| Interest Expense | $1.2M+11.3% | $1.1M+247.8% | $305K+29.1% | $236K-14.7% | $277K-35.8% | $432K |
| Income Tax | $2.0Mn/m | -$1.6M-259.7% | $1.0M-39.6% | $1.7M+78.3% | $935K-36.1% | $1.5M |
| Net Income | -$9.5Mn/m | -$5.3Mn/m | -$4.2Mn/m | -$3.7Mn/m | -$8.5Mn/m | -$17.8M |
| EPS (Basic) | -$0.38n/m | -$0.22n/m | -$0.19n/m | -$0.17n/m | -$0.44 | -$2.08 |
| EPS (Diluted) | -$0.38n/m | -$0.22n/m | -$0.19n/m | -$0.17n/m | -$0.44 | -$2.08 |
| Diluted Shares (Avg) | 25M+4.1% | 24M+7.5% | 23M+5.6% | 21M+9.7% | 20M | 9M |
Not reported in any period shown, so not listed: R&D Expenses, SG&A Expenses.
BRAG Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2540-F | FY2440-F | FY2340-F | FY2240-F | FY2140-F | FY2040-F |
|---|---|---|---|---|---|---|
| Total Assets | $116.6M+5.7% | $110.3M-3.5% | $114.3M+2.4% | $111.7M+18.3% | $94.4M+7.0% | $88.2M |
| Current Assets | $37.2M+8.3% | $34.3M+6.7% | $32.2M+1.2% | $31.8M+4.3% | $30.5M-32.2% | $45.0M |
| Cash & Equivalents | $7.8M-27.9% | $10.8M+11.3% | $9.7M-19.4% | $12.1M-33.3% | $18.1M-43.3% | $31.9M |
| Accounts Receivable | $24.8M+19.3% | $20.8M+0.8% | $20.6M+15.9% | $17.8M+85.9% | $9.6M-24.0% | $12.6M |
| Goodwill | $36.6M+8.1% | $33.9M-4.1% | $35.3M+4.2% | $33.9M+21.0% | $28.0M+14.8% | $24.4M |
| Total Liabilities | $43.0M+25.5% | $34.3M-6.5% | $36.6M-1.7% | $37.3M+91.6% | $19.5M-50.6% | $39.4M |
| Current Liabilities | $38.4M+27.3% | $30.1M-2.4% | $30.9M+18.7% | $26.0M+50.0% | $17.3M-52.8% | $36.7M |
| Non-Current Liabilities | $4.6M+12.6% | $4.1M-28.6% | $5.8M-48.8% | $11.3M+430.8% | $2.1M-19.4% | $2.6M |
| Long-Term Debt | $4.1M-39.5% | $6.8M+111.1% | $3.2M-62.2% | $8.5M | N/A | N/A |
| Total Equity | $73.6M-3.3% | $76.1M-2.1% | $77.7M+4.5% | $74.4M-0.7% | $74.9M+53.5% | $48.8M |
| Retained Earnings | -$105.0Mn/m | -$84.1Mn/m | -$84.1Mn/m | -$77.3Mn/m | -$77.8Mn/m | -$74.9M |
Not reported in any period shown, so not listed: Short-Term Investments, Inventory, Long-Term Investments.
BRAG Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2540-F | FY2440-F | FY2340-F | FY2240-F | FY2140-F | FY2040-F |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $21.0M+82.2% | $11.6M-11.0% | $13.0M+111.0% | $6.2M+4628.6% | $130K-98.4% | $8.2M |
| Depreciation & Amortization | $22.8M+30.4% | $17.5M+21.0% | $14.5M+59.8% | $9.0M+66.6% | $5.4M+54.5% | $3.5M |
| Capital Expenditures | $427K-61.0% | $1.1M+197.9% | $367K-36.9% | $582K+318.0% | $139K-49.0% | $273K |
| Free Cash Flow | $20.6M+97.2% | $10.5M-17.1% | $12.6M+126.4% | $5.6Mn/m | -$9K-100.1% | $8.0M |
| Investing Cash Flow | -$18.4Mn/m | -$13.6Mn/m | -$10.8Mn/m | -$18.1Mn/m | -$27.0Mn/m | -$3.4M |
| Financing Cash Flow | -$5.7M-253.2% | $3.7Mn/m | -$4.6M-162.5% | $7.4M-47.5% | $14.0M-48.4% | $27.2M |
Not reported in any period shown, so not listed: Stock-Based Compensation, Dividends Paid, Share Buybacks.
BRAG Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2540-F | FY2440-F | FY2340-F | FY2240-F | FY2140-F | FY2040-F |
|---|---|---|---|---|---|---|
| Gross Margin | 55.0%+2.0pp | 53.0%-0.4pp | 53.4%+0.2pp | 53.2%+4.6pp | 48.6%+5.1pp | 43.5% |
| Operating Margin | -5.0%-1.5pp | -3.5%-2.6pp | -0.8%+0.1pp | -1.0%+9.9pp | -10.9%+14.7pp | -25.6% |
| Net Margin | -7.6%-2.6pp | -5.1%-1.0pp | -4.1%0.0pp | -4.1%+8.8pp | -12.9%+18.5pp | -31.4% |
| Return on Equity | -12.9%-5.9pp | -7.0%-1.5pp | -5.5%-0.5pp | -5.0%+6.3pp | -11.3%+25.2pp | -36.5% |
| Return on Assets | -8.2%-3.3pp | -4.8%-1.1pp | -3.7%-0.4pp | -3.3%+5.7pp | -9.0%+11.2pp | -20.2% |
| Current Ratio | 0.97-0.2x | 1.14+0.1x | 1.04-0.2x | 1.22-0.5x | 1.76+0.5x | 1.23 |
| Debt-to-Equity | 0.060.0x | 0.090.0x | 0.04-0.1x | 0.11 | N/A | N/A |
| Liabilities-to-Equity | 0.58+0.1x | 0.450.0x | 0.470.0x | 0.50+0.2x | 0.26-0.5x | 0.81 |
| Asset Turnover | 1.07+0.1x | 0.96+0.1x | 0.90+0.1x | 0.81+0.1x | 0.70+0.1x | 0.64 |
| FCF Margin | 16.6%+6.7pp | 9.9%-2.3pp | 12.2%+6.0pp | 6.2%+6.2pp | 0.0%-14.0pp | 14.0% |
Note: The current ratio is below 1.0 (0.97), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Bragg Gaming Group Inc. BRAG | FY2025 | $124.5M | -$9.5M | -7.6% | $34.2M | — |
| Inspired Entertainment, Inc. INSE | FY2025 | $304.1M | -$17.0M | -5.6% | $87.0M | 45/100 |
| High Roller Technologies, Inc. ROLR | FY2025 | $20.5M | $3.2M | 15.4% | $55.8M | 20/100 |
| Codere Online Luxembourg, S.A. CDRO | FY2024 | $207.7M | $4.0M | 1.9% | $432.9M | 39/100 |
Where Bragg Gaming Group Inc. Ranks
Frequently Asked Questions
What is Bragg Gaming Group Inc.'s annual revenue?
Bragg Gaming Group Inc. (BRAG) reported $124.5M in total revenue for fiscal year 2025. This represents a 17.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Bragg Gaming Group Inc.'s revenue growing?
Bragg Gaming Group Inc. (BRAG) revenue grew by 17.9% year-over-year, from $105.6M to $124.5M in fiscal year 2025.
Is Bragg Gaming Group Inc. profitable?
No, Bragg Gaming Group Inc. (BRAG) reported a net loss of $9.5M in fiscal year 2025, with a net profit margin of -7.6%.
What is Bragg Gaming Group Inc.'s EBITDA?
Bragg Gaming Group Inc. (BRAG) had EBITDA of $16.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Bragg Gaming Group Inc. have?
As of fiscal year 2025, Bragg Gaming Group Inc. (BRAG) had $7.8M in cash and equivalents against $4.1M in long-term debt.
What is Bragg Gaming Group Inc.'s gross margin?
Bragg Gaming Group Inc. (BRAG) had a gross margin of 55.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Bragg Gaming Group Inc.'s operating margin?
Bragg Gaming Group Inc. (BRAG) had an operating margin of -5.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Bragg Gaming Group Inc.'s net profit margin?
Bragg Gaming Group Inc. (BRAG) had a net profit margin of -7.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Bragg Gaming Group Inc.'s return on equity (ROE)?
Bragg Gaming Group Inc. (BRAG) has a return on equity of -12.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Bragg Gaming Group Inc.'s free cash flow?
Bragg Gaming Group Inc. (BRAG) generated $20.6M in free cash flow during fiscal year 2025. This represents a 97.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Bragg Gaming Group Inc.'s operating cash flow?
Bragg Gaming Group Inc. (BRAG) generated $21.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Bragg Gaming Group Inc.'s total assets?
Bragg Gaming Group Inc. (BRAG) had $116.6M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Bragg Gaming Group Inc.'s capital expenditures?
Bragg Gaming Group Inc. (BRAG) invested $427K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Bragg Gaming Group Inc.'s current ratio?
Bragg Gaming Group Inc. (BRAG) had a current ratio of 0.97 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Bragg Gaming Group Inc.'s debt-to-equity ratio?
Bragg Gaming Group Inc. (BRAG) had a debt-to-equity ratio of 0.06 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
What is Bragg Gaming Group Inc.'s liabilities-to-equity ratio?
Bragg Gaming Group Inc. (BRAG) had a liabilities-to-equity ratio of 0.58 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
What is Bragg Gaming Group Inc.'s return on assets (ROA)?
Bragg Gaming Group Inc. (BRAG) had a return on assets of -8.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Bragg Gaming Group Inc.'s P/E ratio?
Bragg Gaming Group Inc. (BRAG) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $34.2M as of Oct 22, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Bragg Gaming Group Inc.'s price-to-sales ratio?
Bragg Gaming Group Inc. (BRAG) trades at 0.3x sales, its market capitalization divided by $124.5M revenue, FY2025. The market capitalization is $34.2M as of Oct 22, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Bragg Gaming Group Inc.'s Altman Z-Score?
Bragg Gaming Group Inc. (BRAG) has an Altman Z-Score of 0.09, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Bragg Gaming Group Inc.'s Piotroski F-Score?
Bragg Gaming Group Inc. (BRAG) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Bragg Gaming Group Inc.'s earnings high quality?
Bragg Gaming Group Inc. (BRAG) reported a net loss of $9.5M while generating $21.0M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Bragg Gaming Group Inc. cover its interest payments?
Bragg Gaming Group Inc. (BRAG) reported an operating loss of $6.2M against $1.2M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.