Gambling.com Group Limited (GAMB) Financials

GAMB

FY2025 annual

Revenue $165.4M +30.1% YoY

Net Income -$32.9M -207.3% YoY

Free Cash Flow $18.2M -49.8% YoY

Operating Cash Flow $19.1M -49.2% YoY

Source SEC Filings (10-K/10-Q) Latest period FY2025, ended Dec 31, 2025 Reported Mar 19, 2026 Currency USD FYE December

Newest figures come from the 20-F for FY2025, filed Mar 19, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the GAMB SEC filings page.

Gambling.com Group Limited (GAMB) reported $165.4M in revenue for fiscal year 2025, up 30.1% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 7 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).

Rhea AI GAMB FY2025 2026-10-04

Rapid revenue growth now sits beside a cash-positive but accounting-loss year and a balance sheet dominated by goodwill and liabilities.

The 2025 net loss of $32.9M coexisted with operating cash flow of $19.1M, showing that noncash charges materially depressed reported earnings without eliminating cash generation. This gap is consistent with the sharp increase in goodwill and depreciation/amortization, making accounting profit a poorer guide to current cash performance than in earlier years.

Revenue grew 30.4% in FY2025, yet net margin swung from 24.1% to -19.9%, indicating that expansion was overwhelmed by costs or noncash charges rather than translating cleanly into profit. Free cash flow remained positive at $18.2M, but its margin fell to 11.0%, so cash generation did not keep pace with sales.

Goodwill rose from $130.8M to $245.7M, making up most of FY2025 assets and tying the enlarged balance sheet heavily to acquisition-related accounting value. Meanwhile, liabilities increased from $55.4M to $191.7M, materially changing the company's financing posture even though reported long-term debt remained modest.

Financial Health Signals

Financial Health Score 47/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. 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 Gambling.com Group Limited'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.

Profitability

Not available for Gambling.com Group Limited, and counted as zero in the overall score.

Growth

Gambling.com Group Limited's revenue surged 30.1% year-over-year to $165.4M, reflecting rapid business expansion. This strong growth earns a score of 85/100.

Leverage

Gambling.com Group Limited carries a low D/E ratio of 0.03, meaning only $0.03 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 85/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Gambling.com Group Limited's current ratio of 1.21 is below the typical benchmark, resulting in a score of 29/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

Gambling.com Group Limited converts 11.0% of revenue into free cash flow ($18.2M). This strong cash generation earns a score of 83/100.

Returns

Not available for Gambling.com Group Limited, and counted as zero in the overall score.

Piotroski F-Score Partial

4/8

Gambling.com Group Limited passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Mixed

N/A

Gambling.com Group Limited reported a net loss of $32.9M while generating $19.1M 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.

Key Financial Metrics

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Earnings & Revenue

None of these metrics is reported for Q4 2025.

Cash & Balance Sheet

Cash & Debt

$15.8M

YoY+15.2%

QoQ-15.3%

Gambling.com Group Limited held $15.8M in cash against $3.6M in long-term debt as of Q4 2025.

Shares Outstanding

35M

YoY+1.0%

Gambling.com Group Limited had 35M shares outstanding in Q4 2025. This represents an increase of 1.0% from the same quarter a year earlier.

Free Cash Flow

Not reported for Q4 2025.

Dividends Per Share

Not reported for Q4 2025.

Margins & Returns

None of these metrics is reported for Q4 2025.

Capital Allocation

None of these metrics is reported for Q4 2025.

GAMB 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.

GAMB quarterly income statement

Metric	FY2520-F	FY2420-F	FY2320-F	FY22	FY21	FY20	FY19
Revenue	$165.4M+30.1%	$127.2M+17.1%	$108.7M+42.0%	$76.5M+80.8%	$42.3M+51.3%	$28.0M+45.2%	$19.3M
Interest Expense	$324K+30.1%	$249K+50.9%	$165K-9.3%	$182K-3.2%	$188K-7.8%	$204K-3.3%	$211K
Income Tax	$522K-85.0%	$3.5M+84.5%	$1.9M+268.8%	$510K+276.5%	-$289K+93.4%	-$4.4M-604.5%	$872K
Net Income	-$32.9M-207.3%	$30.7M+68.0%	$18.3M+664.0%	$2.4M-80.8%	$12.5M-17.8%	$15.2M+897.0%	-$1.9M
Diluted Shares (Avg)	35M-2.4%	36M-5.7%	39M+0.9%	38M+13.2%	34M+9.3%	31M+21.2%	25M

Metric	Q4'2520-F	Q2'256-K	Q4'2420-F	Q2'246-K	Q4'23	Q2'23	Q4'22	Q2'22
Revenue	N/A	$39.6M+29.6%	N/A	$30.5M+17.6%	N/A	$26.0M+63.1%	N/A	$15.9M+53.2%
Interest Expense	N/A	$78K+41.8%	N/A	$55K+25.0%	N/A	$44K-2.2%	N/A	$45K-6.3%
Income Tax	N/A	$1.2M+60.2%	N/A	$723K+12.4%	N/A	$643K+394.6%	N/A	$130K-77.7%
Net Income	N/A	-$13.4M-293.6%	N/A	$6.9M+2392.8%	N/A	$278K+396.4%	N/A	$56K-97.7%
Diluted Shares (Avg)	N/A	36M-3.5%	N/A	37M-3.8%	N/A	38M+5.3%	N/A	37M+16.3%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, EPS (Basic), EPS (Diluted).

GAMB Balance Sheet

GAMB quarterly balance sheet

Metric	FY2520-F	FY2420-F	FY2320-F	FY22	FY21	FY20	FY19
Total Assets	$299.7M+67.8%	$178.6M+15.3%	$154.9M+17.5%	$131.8M+44.8%	$91.0M+100.6%	$45.4M	N/A
Current Assets	$42.3M+21.2%	$34.9M-26.3%	$47.4M+18.2%	$40.1M-29.2%	$56.5M+311.8%	$13.7M	N/A
Cash & Equivalents	$15.8M+15.2%	$13.7M-46.0%	$25.4M-14.3%	$29.7M-41.9%	$51.0M+520.6%	$8.2M+17.6%	$7.0M
Inventory	N/A	N/A	$0-100.0%	$75K	$0	N/A	N/A
Accounts Receivable	$26.5M+25.2%	$21.2M-3.5%	$21.9M+145.0%	$9.0M+62.9%	$5.5M-0.2%	$5.5M	N/A
Goodwill	$245.7M+87.8%	$130.8M+1111.2%	$10.8M-87.8%	$88.5M+248.2%	$25.4M+7.9%	$23.6M+1.1%	$23.3M
Total Liabilities	$191.7M+246.1%	$55.4M+54.1%	$35.9M-23.3%	$46.9M+321.6%	$11.1M-0.5%	$11.2M	N/A
Current Liabilities	$35.0M+17.8%	$29.7M-9.2%	$32.7M+19.6%	$27.4M+178.5%	$9.8M+167.7%	$3.7M	N/A
Non-Current Liabilities	$156.7M+510.6%	$25.7M+702.3%	$3.2M-83.6%	$19.5M+1415.6%	$1.3M-82.9%	$7.5M	N/A
Long-Term Debt	$3.6M-6.2%	$3.8M+220.9%	$1.2M-30.1%	$1.7M+32.3%	$1.3M-17.7%	$1.6M	N/A
Total Equity	$108.0M-12.4%	$123.2M+3.6%	$118.9M+36.5%	$87.1M+9.0%	$79.9M+133.6%	$34.2M+164.6%	$12.9M
Retained Earnings	$42.4M-43.7%	$75.3M+68.7%	$44.7M+56.4%	$28.6M+20.0%	$23.8M+109.8%	$11.3M	N/A

Metric	Q4'2520-F	Q2'256-K	Q4'2420-F	Q2'246-K	Q4'23	Q2'23	Q4'22	Q2'22
Total Assets	$299.7M+67.8%	$309.0M+76.4%	$178.6M+15.3%	$175.1M+22.4%	$154.9M+11.5%	$143.1M+8.6%	$138.9M+52.6%	$131.8M
Current Assets	$42.3M+21.2%	$41.2M+45.3%	$34.9M-26.3%	$28.3M-36.4%	$47.4M+12.9%	$44.6M+11.3%	$42.0M-25.8%	$40.1M
Cash & Equivalents	$15.8M+15.2%	$18.7M+148.1%	$13.7M-46.0%	$7.5M-76.0%	$25.4M-14.3%	$31.3M+0.7%	$29.7M-41.9%	$31.1M+81.2%
Inventory	N/A	N/A	N/A	N/A	$0-100.0%	$13K	$75K	N/A
Accounts Receivable	$26.5M+25.2%	$22.5M+8.1%	$21.2M-3.5%	$20.8M+57.0%	$21.9M+79.5%	$13.2M+47.9%	$12.2M+122.3%	$9.0M
Goodwill	$245.7M+87.8%	$255.1M+2261.8%	$130.8M+1111.2%	$10.8M-88.0%	$10.8M-87.8%	$89.9M+8.2%	$88.5M+248.2%	$83.1M+253.1%
Total Liabilities	$191.7M+246.1%	$169.3M+224.2%	$55.4M+54.1%	$52.2M+39.6%	$35.9M-30.6%	$37.4M-20.2%	$51.8M+365.7%	$46.9M
Current Liabilities	$35.0M+17.8%	$70.1M+144.7%	$29.7M-9.2%	$28.6M-15.4%	$32.7M+3.3%	$33.8M+23.6%	$31.7M+222.6%	$27.4M
Non-Current Liabilities	$156.7M+510.6%	$99.2M+320.7%	$25.7M+702.3%	$23.6M+562.7%	$3.2M-84.1%	$3.6M-81.7%	$20.1M+1459.7%	$19.5M
Long-Term Debt	$3.6M-6.2%	$4.0M-6.9%	$3.8M+220.9%	$4.3M+222.5%	$1.2M-21.6%	$1.3M-20.9%	$1.5M+18.0%	$1.7M
Total Equity	$108.0M-12.4%	$139.7M+13.6%	$123.2M+3.6%	$122.9M+16.3%	$118.9M+36.5%	$105.7M+24.5%	$87.1M+9.0%	$85.0M+106.8%
Retained Earnings	$42.4M-43.7%	$73.2M+24.2%	$75.3M+68.7%	$58.9M+77.0%	$44.7M+69.2%	$33.3M+16.5%	$26.4M+10.9%	$28.6M

Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments.

GAMB Cash Flow Statement

GAMB quarterly cash flow statement

Metric	FY2520-F	FY2420-F	FY2320-F	FY22	FY21	FY20	FY19
Operating Cash Flow	$19.1M-49.2%	$37.6M+110.2%	$17.9M-4.5%	$18.8M+34.0%	$14.0M+28.5%	$10.9M+172.1%	$4.0M
Depreciation & Amortization	$14.4M+148.5%	$5.8M+177.9%	$2.1M-70.0%	$7.0M+189.8%	$2.4M+7.8%	$2.2M0.0%	$2.2M
Capital Expenditures	$863K-34.9%	$1.3M+194.0%	$451K+36.7%	$330K+8.2%	$305K+563.0%	$46K-76.4%	$195K
Free Cash Flow	$18.2M-49.8%	$36.3M+108.0%	$17.5M-5.2%	$18.4M+34.6%	$13.7M+26.2%	$10.8M+184.8%	$3.8M
Investing Cash Flow	-$98.9M-125.7%	-$43.8M-125.1%	-$19.5M+40.4%	-$32.7M-486.6%	-$5.6M-6093.3%	-$90K+94.8%	-$1.7M
Financing Cash Flow	$81.5M+1653.5%	-$5.2M-66.8%	-$3.1M+57.0%	-$7.3M-120.9%	$35.0M+443.0%	-$10.2M-3328.2%	$316K
Share Buybacks	$5.6M-79.3%	$26.9M+874.7%	$2.8M+692.8%	$348K	N/A	N/A	N/A

Metric	Q4'2520-F	Q2'256-K	Q4'2420-F	Q2'246-K	Q4'23	Q2'23	Q4'22	Q2'22
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$3.4M-29.1%
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$99K-47.3%
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$3.3M-28.4%
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-$4.7M-188.4%
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-$124K-27.8%

Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Dividends Paid, Share Buybacks.

GAMB 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.

GAMB quarterly financial ratios

Metric	FY2520-F	FY2420-F	FY2320-F	FY22	FY21	FY20	FY19
Net Margin	-19.9%-44.0pp	24.1%+7.3pp	16.8%+13.7pp	3.1%-26.3pp	29.4%-24.7pp	54.1%+64.0pp	-9.9%
Return on Equity	-30.5%-55.4pp	24.9%+9.6pp	15.3%+12.6pp	2.7%-12.8pp	15.6%-28.7pp	44.3%+59.0pp	-14.7%
Return on Assets	-11.0%-28.2pp	17.2%+5.4pp	11.8%+10.0pp	1.8%-11.9pp	13.7%-19.7pp	33.4%	N/A
Current Ratio	1.210.0x	1.17-0.3x	1.450.0x	1.46-4.3x	5.75+2.0x	3.74	N/A
Debt-to-Equity	0.030.0x	0.030.0x	0.010.0x	0.020.0x	0.020.0x	0.05	N/A
Asset Turnover	0.55-0.2x	0.710.0x	0.70+0.1x	0.58+0.1x	0.47-0.2x	0.62	N/A
FCF Margin	11.0%-17.5pp	28.5%+12.5pp	16.1%-8.0pp	24.1%-8.3pp	32.4%-6.4pp	38.8%+19.0pp	19.8%

Metric	Q4'2520-F	Q2'256-K	Q4'2420-F	Q2'246-K	Q4'23	Q2'23	Q4'22	Q2'22
Net Margin	N/A	-33.9%-56.6pp	N/A	22.7%+21.6pp	N/A	1.1%+0.7pp	N/A	0.4%-23.2pp
Return on Equity	N/A	-9.6%-15.2pp	N/A	5.6%+5.4pp	N/A	0.3%+0.2pp	N/A	0.1%-5.9pp
Return on Assets	N/A	-4.3%-8.3pp	N/A	4.0%+3.8pp	N/A	0.2%+0.1pp	N/A	0.0%
Current Ratio	1.210.0x	0.59-0.4x	1.17-0.3x	0.99-0.3x	1.45+0.1x	1.32-0.1x	1.32-4.4x	1.46
Debt-to-Equity	0.030.0x	0.030.0x	0.030.0x	0.040.0x	0.010.0x	0.010.0x	0.020.0x	0.02
Asset Turnover	N/A	0.130.0x	N/A	0.170.0x	N/A	0.18+0.1x	N/A	0.12
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	20.5%-23.3pp

Not reported in any period shown, so not listed: Gross Margin, Operating 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
Gambling.com Group Limited GAMB	FY2025	$165.4M	-$32.9M	-19.9%	$64.9M	47/100
Inspired Entertainment, Inc. INSE	FY2025	$304.1M	-$17.0M	-5.6%	$99.1M	46/100
Accel Entertainment, Inc. ACEL	FY2025	$1.3B	$51.5M	3.9%	$906.9M	59/100

Where Gambling.com Group Limited Ranks

Frequently Asked Questions

What is Gambling.com Group Limited's annual revenue?

Gambling.com Group Limited (GAMB) reported $165.4M in total revenue for fiscal year 2025. This represents a 30.1% 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 Gambling.com Group Limited's revenue growing?

Gambling.com Group Limited (GAMB) revenue grew by 30.1% year-over-year, from $127.2M to $165.4M in fiscal year 2025.

Is Gambling.com Group Limited profitable?

No, Gambling.com Group Limited (GAMB) reported a net income of -$32.9M in fiscal year 2025, with a net profit margin of -19.9%.

How much debt does Gambling.com Group Limited have?

As of fiscal year 2025, Gambling.com Group Limited (GAMB) had $15.8M in cash and equivalents against $3.6M in long-term debt.

What is Gambling.com Group Limited's net profit margin?

Gambling.com Group Limited (GAMB) had a net profit margin of -19.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Gambling.com Group Limited's return on equity (ROE)?

Gambling.com Group Limited (GAMB) has a return on equity of -30.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Gambling.com Group Limited's free cash flow?

Gambling.com Group Limited (GAMB) generated $18.2M in free cash flow during fiscal year 2025. This represents a -49.8% 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 Gambling.com Group Limited's operating cash flow?

Gambling.com Group Limited (GAMB) generated $19.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Gambling.com Group Limited's total assets?

Gambling.com Group Limited (GAMB) had $299.7M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Gambling.com Group Limited's capital expenditures?

Gambling.com Group Limited (GAMB) invested $863K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Gambling.com Group Limited buy back shares?

Yes, Gambling.com Group Limited (GAMB) spent $5.6M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Gambling.com Group Limited have outstanding?

Gambling.com Group Limited (GAMB) had 35M shares outstanding as of fiscal year 2025.

What is Gambling.com Group Limited's current ratio?

Gambling.com Group Limited (GAMB) had a current ratio of 1.21 as of fiscal year 2025, which is considered adequate.

What is Gambling.com Group Limited's debt-to-equity ratio?

Gambling.com Group Limited (GAMB) had a debt-to-equity ratio of 0.03 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Gambling.com Group Limited's return on assets (ROA)?

Gambling.com Group Limited (GAMB) had a return on assets of -11.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Gambling.com Group Limited's Piotroski F-Score?

Gambling.com Group Limited (GAMB) has a Piotroski F-Score of 4 out of 8 computable signals; 1 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.

Are Gambling.com Group Limited's earnings high quality?

Gambling.com Group Limited (GAMB) reported a net loss of $32.9M while generating $19.1M 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.

How financially healthy is Gambling.com Group Limited?

Gambling.com Group Limited (GAMB) scores 47 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite 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. 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.