Codere Online Luxembourg, S.A. (CDRO) 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 20-F for FY2024, filed Jun 2, 2025. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the CDRO SEC filings page.
Codere Online Luxembourg, S.A. (CDRO) reported $207.7M in revenue for fiscal year 2024, up 16.2% 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
Scored against operating companies for FY2024. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed: here 5 of 6, with the others left out rather than counted as zero. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Codere Online Luxembourg, S.A.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Codere Online Luxembourg, S.A. has an operating margin of 2.2%, meaning the company retains $2 of operating profit per $100 of revenue. Among its peers this margin ranks in the lower range, for a profitability score of 22/100. This is up from -9.1% the prior year.
Codere Online Luxembourg, S.A.'s revenue surged 16.2% year-over-year to $207.7M, reflecting rapid business expansion. This strong growth earns a score of 89/100.
Codere Online Luxembourg, S.A.'s current ratio of 1.40 indicates adequate short-term liquidity, earning a score of 38/100. The company can meet its near-term obligations, though with limited headroom.
Not available for Codere Online Luxembourg, S.A., so it is left out of the overall score, which averages the 5 of 6 dimensions that can be computed.
Codere Online Luxembourg, S.A. generates a 16.2% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 15/100. This is up from -11.4% the prior year.
Codere Online Luxembourg, S.A. passes 5 of 6 computable financial strength tests (3 of the nine could not be computed from available data). All 2 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
Codere Online Luxembourg, S.A. earns $41.25 in operating income for every $1 of interest expense ($4.5M vs $109K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Codere Online Luxembourg, S.A. generated $207.7M in revenue in fiscal year 2024. This represents an increase of 16.2% from the prior year.
Codere Online Luxembourg, S.A.'s EBITDA was $4.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. The change from the prior year is not meaningful, because that figure was zero or negative.
Codere Online Luxembourg, S.A. reported $4.0M in net income in fiscal year 2024. The change from the prior year is not meaningful, because that figure was zero or negative.
Codere Online Luxembourg, S.A. earned $0.08 per diluted share (EPS) in fiscal year 2024. The change from the prior year is not meaningful, because that figure was zero or negative.
Cash & Balance Sheet
Codere Online Luxembourg, S.A. held $41.7M in cash as of fiscal year 2024; no long-term debt figure is on record for that period.
Not reported for fiscal year 2024.
Not reported for fiscal year 2024.
Margins & Returns
Codere Online Luxembourg, S.A.'s gross margin was 84.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 2.0 percentage points from the prior year.
Codere Online Luxembourg, S.A.'s operating margin was 2.2% in fiscal year 2024, reflecting core business profitability. This is up 11.3 percentage points from the prior year.
Codere Online Luxembourg, S.A.'s net profit margin was 1.9% in fiscal year 2024, showing the share of revenue converted to profit. This is up 3.5 percentage points from the prior year.
Codere Online Luxembourg, S.A.'s ROE was 16.2% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 27.7 percentage points from the prior year.
Capital Allocation
Codere Online Luxembourg, S.A. invested $265K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 2.2% from the prior year.
Not reported for fiscal year 2024.
Not reported for fiscal year 2024.
CDRO 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 | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F |
|---|---|---|---|---|---|---|
| Revenue | $207.7M+16.2% | $178.8M+44.4% | $123.8M+36.3% | $90.8M+5.3% | $86.2M+24.7% | $69.1M |
| Cost of Revenue | $33.1M+3.2% | $32.1Mn/m | -$24.1M-194.5% | $25.5M-70.5% | $86.2M+24.7% | $69.1M |
| Gross Profit | $174.6M+19.0% | $146.7M | N/A | $65.4Mn/m | $0n/m | $0 |
| Operating Income | $4.5Mn/m | -$16.3Mn/m | -$59.8Mn/m | -$80.4Mn/m | -$17.4Mn/m | -$17.8M |
| EBITDA | $4.6Mn/m | -$16.2Mn/m | -$59.2Mn/m | -$79.6Mn/m | -$16.3M | N/A |
| Interest Expense | $109K-98.3% | $6.4M-51.7% | $13.3M+195.8% | $4.5Mn/m | -$636K | N/A |
| Income Tax | $1.5Mn/m | -$7.2M-326.9% | $3.2M+190.4% | $1.1M-40.8% | $1.8M+3003.6% | $60K |
| Net Income | $4.0Mn/m | -$2.7Mn/m | -$49.6Mn/m | -$77.0Mn/m | -$19.9Mn/m | -$18.1M |
| EPS (Basic) | $0.09n/m | -$0.06n/m | -$1.10 | -$11.52n/m | -$4.46n/m | -$4.08 |
| EPS (Diluted) | $0.08n/m | -$0.06n/m | -$1.10 | -$11.52n/m | -$4.46n/m | -$4.08 |
Not reported in any period shown, so not listed: R&D Expenses, SG&A Expenses, Diluted Shares (Avg).
CDRO 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 | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F |
|---|---|---|---|---|---|---|
| Total Assets | $77.2M-5.5% | $81.6M+10.1% | $74.1M-37.8% | $119.2M+425.3% | $22.7M | N/A |
| Current Assets | $65.1M-9.8% | $72.2M-1.2% | $73.1M-38.3% | $118.5M+459.8% | $21.2M | N/A |
| Cash & Equivalents | $41.7M-8.6% | $45.7M-20.7% | $57.6M-46.4% | $107.4M+705.7% | $13.3M+48.1% | $9.0M |
| Accounts Receivable | $2.3M+45.6% | $1.6M-55.5% | $3.6M+64.8% | $2.2M+90.4% | $1.1M | N/A |
| Goodwill | N/A | $11K | N/A | $531K-61.5% | $1.4M-38.9% | $2.3M |
| Total Liabilities | $52.2M-10.3% | $58.3M+21.3% | $48.0M+13.9% | $42.2M-41.1% | $71.6M | N/A |
| Current Liabilities | $46.5M-19.3% | $57.6M+26.0% | $45.7M+27.9% | $35.8M-21.0% | $45.3M | N/A |
| Non-Current Liabilities | $5.5M+1128.8% | $451K-79.0% | $2.1M-65.6% | $6.2M-76.2% | $26.2M | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | $26.2M | N/A |
| Total Equity | $24.9M+6.6% | $23.4M-10.4% | $26.1M-66.1% | $77.0Mn/m | -$48.9Mn/m | -$35.2M |
Not reported in any period shown, so not listed: Short-Term Investments, Inventory, Long-Term Investments, Retained Earnings.
CDRO 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 | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F |
|---|---|---|---|---|---|---|
| Depreciation & Amortization | $151K+19.8% | $126K-78.8% | $595K-27.1% | $816K-28.3% | $1.1M | N/A |
| Capital Expenditures | $265K-2.2% | $271K+54.5% | $175K+93.8% | $91K+34.6% | $67K-20.1% | $84K |
| Investing Cash Flow | -$265Kn/m | -$271Kn/m | -$175Kn/m | -$94Kn/m | -$88Kn/m | -$309K |
| Financing Cash Flow | -$2.1M-243.7% | $1.5M | N/A | $101.6M+32620.5% | $311K-95.9% | $7.7M |
Not reported in any period shown, so not listed: Operating Cash Flow, Stock-Based Compensation, Free Cash Flow, Dividends Paid, Share Buybacks.
CDRO 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 | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F |
|---|---|---|---|---|---|---|
| Gross Margin | 84.1%+2.0pp | 82.1% | N/A | 72.0%+72.0pp | 0.0%0.0pp | 0.0% |
| Operating Margin | 2.2%+11.3pp | -9.1%+39.1pp | -48.3%+40.2pp | -88.5%-68.3pp | -20.2%+5.6pp | -25.8% |
| Net Margin | 1.9%+3.5pp | -1.5%+38.6pp | -40.1%+44.7pp | -84.8%-61.7pp | -23.1%+3.0pp | -26.1% |
| Return on Equity | 16.2%+27.7pp | -11.4%+178.7pp | -190.1%-90.0pp | -100.1% | N/A | N/A |
| Return on Assets | 5.2%+8.5pp | -3.3%+63.6pp | -66.9%-2.3pp | -64.7%+23.1pp | -87.7% | N/A |
| Current Ratio | 1.40+0.1x | 1.25-0.3x | 1.60-1.7x | 3.31+2.8x | 0.47 | N/A |
| Liabilities-to-Equity | 2.10-0.4x | 2.49+0.7x | 1.84+1.3x | 0.55 | N/A | N/A |
| Asset Turnover | 2.69+0.5x | 2.19+0.5x | 1.67+0.9x | 0.76-3.0x | 3.80 | N/A |
Not reported in any period shown, so not listed: Debt-to-Equity, FCF Margin.
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 |
|---|---|---|---|---|---|---|
| Codere Online Luxembourg, S.A. CDRO | FY2024 | $207.7M | $4.0M | 1.9% | $432.9M | 39/100 |
| Accel Entertainment, Inc. ACEL | FY2025 | $1.3B | $51.5M | 3.9% | $890.7M | 58/100 |
| Inspired Entertainment, Inc. INSE | FY2025 | $304.1M | -$17.0M | -5.6% | $87.0M | 45/100 |
| Bragg Gaming Group Inc. BRAG | FY2025 | $124.5M | -$9.5M | -7.6% | $34.2M | 56/100 |
| Super Group (SGHC) Limited SGHC | FY2025 | $2.2B | $218.0M | 9.8% | $5.8B | 74/100 |
Where Codere Online Luxembourg, S.A. Ranks
Frequently Asked Questions
What is Codere Online Luxembourg, S.A.'s annual revenue?
Codere Online Luxembourg, S.A. (CDRO) reported $207.7M in total revenue for fiscal year 2024. This represents a 16.2% 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 Codere Online Luxembourg, S.A.'s revenue growing?
Codere Online Luxembourg, S.A. (CDRO) revenue grew by 16.2% year-over-year, from $178.8M to $207.7M in fiscal year 2024.
Is Codere Online Luxembourg, S.A. profitable?
Yes, Codere Online Luxembourg, S.A. (CDRO) reported a net income of $4.0M in fiscal year 2024, with a net profit margin of 1.9%.
What is Codere Online Luxembourg, S.A.'s EBITDA?
Codere Online Luxembourg, S.A. (CDRO) had EBITDA of $4.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Codere Online Luxembourg, S.A.'s gross margin?
Codere Online Luxembourg, S.A. (CDRO) had a gross margin of 84.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Codere Online Luxembourg, S.A.'s operating margin?
Codere Online Luxembourg, S.A. (CDRO) had an operating margin of 2.2% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Codere Online Luxembourg, S.A.'s net profit margin?
Codere Online Luxembourg, S.A. (CDRO) had a net profit margin of 1.9% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Codere Online Luxembourg, S.A.'s return on equity (ROE)?
Codere Online Luxembourg, S.A. (CDRO) has a return on equity of 16.2% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What are Codere Online Luxembourg, S.A.'s total assets?
Codere Online Luxembourg, S.A. (CDRO) had $77.2M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Codere Online Luxembourg, S.A.'s capital expenditures?
Codere Online Luxembourg, S.A. (CDRO) invested $265K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
What is Codere Online Luxembourg, S.A.'s current ratio?
Codere Online Luxembourg, S.A. (CDRO) had a current ratio of 1.40 as of fiscal year 2024, which is considered adequate.
What is Codere Online Luxembourg, S.A.'s liabilities-to-equity ratio?
Codere Online Luxembourg, S.A. (CDRO) had a liabilities-to-equity ratio of 2.10 as of fiscal year 2024, 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. No debt-to-equity ratio is shown for fiscal year 2024, because the filing data we hold for that year carries no long-term debt figure.
What is Codere Online Luxembourg, S.A.'s return on assets (ROA)?
Codere Online Luxembourg, S.A. (CDRO) had a return on assets of 5.2% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Codere Online Luxembourg, S.A.'s P/E ratio?
Codere Online Luxembourg, S.A. (CDRO) trades at 107x earnings, its market capitalization divided by $4.0M net income, FY2024. The market capitalization is $432.9M 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 Codere Online Luxembourg, S.A.'s price-to-sales ratio?
Codere Online Luxembourg, S.A. (CDRO) trades at 2.1x sales, its market capitalization divided by $207.7M revenue, FY2024. The market capitalization is $432.9M 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 Codere Online Luxembourg, S.A.'s Piotroski F-Score?
Codere Online Luxembourg, S.A. (CDRO) has a Piotroski F-Score of 5 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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.
Can Codere Online Luxembourg, S.A. cover its interest payments?
Codere Online Luxembourg, S.A. (CDRO) has an interest coverage ratio of 41.25x, meaning it can comfortably cover its interest obligations. 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.
How financially healthy is Codere Online Luxembourg, S.A.?
Codere Online Luxembourg, S.A. (CDRO) scores 39 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. For Codere Online Luxembourg, S.A. it averages the 5 of 6 dimensions that can be computed; the others are left out rather than counted as zero. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.