What is Bragg Gaming Group's operating income?

Bragg Gaming Group's total operating income in 2025 was -$6.06 million, based on the following breakdown: Total Gross Profit: $68.46 million Total Operating Expenses: $74.51 million

Bragg Gaming Group (BRAG) Financials

$1.68 +0.12 (+7.69%)

As of 12:44 PM Eastern

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Annual Income Statements for Bragg Gaming Group

This table shows Bragg Gaming Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024	2025
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-18	-8.50	-3.73	-4.24	-5.33	-9.52
Consolidated Net Income / (Loss)	-18	-8.50	-3.73	-4.24	-5.33	-9.52
Net Income / (Loss) Continuing Operations	-18	-8.45	-3.73	-4.24	-5.33	-9.52
Total Pre-Tax Income	-18	-8.45	-2.06	-3.24	-6.94	-7.50
Total Operating Income	-4.68	-8.08	-1.80	-0.98	-3.88	-6.06
Total Gross Profit	25	32	48	55	56	68
Total Revenue	57	66	91	103	106	124
Operating Revenue	57	66	91	103	106	124
Total Cost of Revenue	32	34	42	48	50	56
Operating Cost of Revenue	32	34	42	48	50	56
Total Operating Expenses	29	40	50	56	60	75
Selling, General & Admin Expense	28	39	50	56	60	75
Total Other Income / (Expense), net	-13	-0.37	-0.26	-2.26	-3.05	-1.44
Interest Expense	1.69	0.38	1.17	1.72	3.09	1.26
Other Income / (Expense), net	-11	0.01	0.91	-0.54	0.04	-0.18
Income Tax Expense	-	-	1.67	1.01	-1.61	2.02
Weighted Average Basic Shares Outstanding	8.60M	19.50M	21.40M	22.60M	24.30M	25.30M
Diluted Earnings per Share	-	-	($0.16)	($0.19)	($0.22)	($0.38)
Weighted Average Diluted Shares Outstanding	8.60M	19.50M	21.40M	22.60M	24.30M	25.30M
Weighted Average Basic & Diluted Shares Outstanding	17.20M	39M	21.40M	23.00M	25.04M	25.55M

No quarterly income statements for Bragg Gaming Group are available.

This table details how cash moves in and out of Bragg Gaming Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024	2025
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	31	6.16	4.84	-2.76	1.73	-4.47
Net Cash From Operating Activities	17	4.73	6.08	13	-2.70	1.11
Net Cash From Continuing Operating Activities	17	4.73	6.08	11	-2.70	1.11
Net Income / (Loss) Continuing Operations	-18	0.00	-3.73	-4.24	-5.33	-9.52
Consolidated Net Income / (Loss)	-	-	-3.73	-4.24	-5.33	-9.52
Depreciation Expense	3.51	5.43	9.04	14	17	23
Non-Cash Adjustments To Reconcile Net Income	26	0.10	0.76	2.63	-10	-18
Changes in Operating Assets and Liabilities, net	5.13	-0.80	-	-1.61	-4.76	5.46
Net Cash From Investing Activities	-0.27	0.00	0.00	-11	-1.09	-0.43
Net Cash From Continuing Investing Activities	-0.27	0.00	0.00	-11	-1.09	-0.43
Purchase of Property, Plant & Equipment	-0.27	-	-	-11	-1.09	-0.43
Net Cash From Financing Activities	15	0.00	-0.71	-4.61	5.34	-3.15
Net Cash From Continuing Financing Activities	15	0.00	-0.71	-4.26	5.34	-3.15
Repayment of Debt	-	0.00	-0.71	-4.74	-1.43	-7.20
Issuance of Debt	-	-	-	-	6.76	4.05
Effect of Exchange Rate Changes	-0.38	1.43	-0.53	-	0.07	-1.35

No quarterly cash flow statements for Bragg Gaming Group are available.

This table presents Bragg Gaming Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024	2025
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	88	94	112	114	110	117
Total Current Assets	45	30	32	32	34	37
Cash & Equivalents	32	18	12	9.73	11	7.81
Accounts Receivable	13	9.57	18	21	21	25
Plant, Property, & Equipment, net	-20	-21	-23	-22	-18	1.41
Plant, Property & Equipment, gross	-20	-21	-23	-22	-18	1.41
Total Noncurrent Assets	43	64	80	82	76	77
Noncurrent Note & Lease Receivables	0.23	0.06	-	-	-	4.67
Goodwill	24	28	34	35	34	37
Intangible Assets	17	35	45	42	37	36
Other Noncurrent Operating Assets	1.25	0.97	1.37	4.67	5.02	0.48
Total Liabilities & Shareholders' Equity	88	94	112	114	110	117
Total Liabilities	39	19	37	37	34	43
Total Current Liabilities	22	17	22	25	21	38
Accounts Payable	21	16	21	24	21	30
Total Noncurrent Liabilities	17	2.32	15	11	13	1.30
Noncurrent Deferred & Payable Income Tax Liabilities	1.73	1.41	1.28	0.94	0.70	0.60
Other Noncurrent Operating Liabilities	0.90	0.72	5.56	5.35	3.42	0.70
Total Equity & Noncontrolling Interests	77	129	127	133	134	74
Total Preferred & Common Equity	77	129	127	133	134	73
Total Common Equity	77	129	127	133	134	73
Common Stock	104	129	125	137	136	157
Retained Earnings	-75	-78	-77	-84	-84	-105
Other Equity Adjustments	49	75	74	78	76	21

No quarterly balance sheets for Bragg Gaming Group are available.

This table displays calculated financial ratios and metrics derived from Bragg Gaming Group's official financial filings.

Metric	2020	2021	2022	2023	2024	2025
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	0.00	0.00	0.00	23,003,552.00	-	25,553,293.00
DEI Adjusted Shares Outstanding	0.00	0.00	0.00	23,003,552.00	-	25,553,293.00
DEI Earnings Per Adjusted Shares Outstanding	0.00	0.00	0.00	-0.18	-	-0.37
Growth Metrics	-	-	-	-	-	-
Revenue Growth	0.00%	16.40%	37.33%	14.12%	2.06%	17.91%
EBITDA Growth	0.00%	78.87%	409.23%	58.57%	5.47%	21.34%
EBIT Growth	0.00%	49.56%	89.02%	-71.34%	-153.16%	-62.43%
NOPAT Growth	0.00%	-72.42%	77.72%	45.59%	-296.49%	-56.04%
Net Income Growth	0.00%	52.22%	56.16%	-13.85%	-25.55%	-78.76%
EPS Growth	0.00%	0.00%	0.00%	-17.56%	-15.58%	-72.77%
Operating Cash Flow Growth	0.00%	-71.76%	28.62%	113.55%	124.94%	141.07%
Free Cash Flow Firm Growth	0.00%	0.00%	72.19%	77.14%	-178.30%	-177.72%
Invested Capital Growth	0.00%	1,312.83%	30.97%	4.56%	10.51%	32.46%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-
Gross Margin	43.49%	48.56%	53.20%	53.40%	52.98%	54.99%
EBITDA Margin	-22.01%	-4.00%	9.00%	12.51%	12.92%	13.30%
Operating Margin	-8.26%	-12.24%	-1.99%	-0.95%	-3.68%	-4.87%
EBIT Margin	-28.20%	-12.22%	-0.98%	-1.47%	-3.64%	-5.01%
Profit (Net Income) Margin	-31.38%	-12.88%	-4.11%	-4.10%	-5.05%	-7.65%
Tax Burden Percent	100.62%	100.59%	180.89%	131.10%	76.82%	127.00%
Interest Burden Percent	110.57%	104.77%	232.61%	213.27%	180.50%	120.16%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	-34.12%	-3.02%	-1.42%	-5.22%	-6.67%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-30.83%	-0.15%	2.94%	-2.02%	6.48%
Return on Net Nonoperating Assets (RNNOA)	0.00%	25.89%	0.10%	-1.85%	1.23%	-2.51%
Return on Equity (ROE)	-22.96%	-8.24%	-2.92%	-3.26%	-3.99%	-9.18%
Cash Return on Invested Capital (CROIC)	0.00%	-123.90%	-29.84%	-5.88%	-15.21%	-34.60%
Operating Return on Assets (OROA)	-18.16%	-8.84%	-0.86%	-1.34%	-3.42%	-5.50%
Return on Assets (ROA)	-20.20%	-9.32%	-3.62%	-3.75%	-4.74%	-8.39%
Return on Common Equity (ROCE)	-22.96%	-8.24%	-2.92%	-3.26%	-3.99%	-9.15%
Return on Equity Simple (ROE_SIMPLE)	-22.96%	-6.59%	-2.95%	-3.18%	-3.98%	0.00%
Net Operating Profit after Tax (NOPAT)	-3.28	-5.65	-1.26	-0.69	-2.72	-4.24
NOPAT Margin	-5.78%	-8.57%	-1.39%	-0.66%	-2.57%	-3.41%
Net Nonoperating Expense Percent (NNEP)	-18.04%	-3.29%	-2.87%	-4.36%	-3.20%	-13.15%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-0.50%	-1.92%	-5.76%
Cost of Revenue to Revenue	56.51%	51.44%	46.70%	46.60%	47.04%	44.99%
SG&A Expenses to Revenue	49.18%	59.46%	55.19%	54.35%	56.66%	59.86%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	51.75%	60.80%	55.19%	54.35%	56.66%	59.86%
Earnings before Interest and Taxes (EBIT)	-16	-8.07	-0.89	-1.52	-3.84	-6.24
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-12	-2.64	8.16	13	14	17
Valuation Ratios	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.64	0.72
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	1.35	84.39
Price to Revenue (P/Rev)	0.00	0.00	0.00	0.00	0.81	0.42
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	1.50	0.62
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.00	0.78	0.36
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	6.01	2.70
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	2.81	40.37
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.06	0.03	0.06	0.00
Long-Term Debt to Equity	0.00	0.00	0.06	0.03	0.06	0.00
Financial Leverage	-1.04	-0.84	-0.67	-0.63	-0.61	-0.39
Leverage Ratio	1.14	0.88	0.81	0.87	0.84	1.09
Compound Leverage Factor	1.26	0.93	1.88	1.85	1.52	1.31
Debt to Total Capital	0.21%	0.13%	5.40%	2.55%	5.45%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.21%	0.13%	5.40%	2.55%	5.45%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	99.79%	99.87%	94.60%	97.45%	94.55%	99.13%
Debt to EBITDA	-0.01	-0.06	0.89	0.27	0.57	0.00
Net Debt to EBITDA	2.54	6.80	-0.59	-0.48	-0.23	0.00
Long-Term Debt to EBITDA	-0.01	-0.06	0.89	0.27	0.57	0.00
Debt to NOPAT	-0.05	-0.03	-5.74	-5.09	-2.84	0.00
Net Debt to NOPAT	9.67	3.17	3.85	9.11	1.15	0.00
Long-Term Debt to NOPAT	-0.05	-0.03	-5.74	-5.09	-2.84	0.00
Altman Z-Score	0.00	0.00	0.00	0.00	1.41	0.35
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.31%
Liquidity Ratios	-	-	-	-	-	-
Current Ratio	2.00	1.78	1.44	1.28	1.62	0.97
Quick Ratio	1.99	1.62	1.35	1.21	1.50	0.85
Cash Flow Metrics	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-45	-12	-2.84	-7.92	-22
Operating Cash Flow to CapEx	6,144.84%	0.00%	0.00%	120.73%	0.00%	259.62%
Free Cash Flow to Firm to Interest Expense	0.00	-116.30	-10.60	-1.65	-2.56	-17.48
Operating Cash Flow to Interest Expense	9.90	12.29	5.18	7.55	9.44	0.88
Operating Cash Flow Less CapEx to Interest Expense	9.74	12.29	5.18	1.30	9.44	0.54
Efficiency Ratios	-	-	-	-	-	-
Asset Turnover	0.64	0.72	0.88	0.92	0.94	1.10
Accounts Receivable Turnover	4.51	5.96	6.63	5.39	5.10	5.46
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	1.55	1.84	2.28	2.14	2.22	2.21
Days Sales Outstanding (DSO)	80.96	61.24	55.08	67.76	71.56	66.80
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	236.10	198.76	160.23	170.64	164.67	164.85
Cash Conversion Cycle (CCC)	-155.13	-137.53	-105.15	-102.89	-93.11	-98.05
Capital & Investment Metrics	-	-	-	-	-	-
Invested Capital	-2.98	36	47	49	55	72
Invested Capital Turnover	-19.04	3.98	2.17	2.14	2.03	1.96
Increase / (Decrease) in Invested Capital	0.00	39	11	2.16	5.20	18
Enterprise Value (EV)	0.00	0.00	0.00	0.00	82	45
Market Capitalization	0.00	0.00	0.00	0.00	85	53
Book Value per Share	$9.01	$6.61	$5.91	$5.90	$5.82	$2.91
Tangible Book Value per Share	$4.15	$3.39	$2.25	$2.47	$2.73	$0.02
Total Capital	78	129	134	137	142	74
Total Debt	0.16	0.17	7.23	3.49	7.72	0.00
Total Long-Term Debt	0.16	0.17	7.23	3.49	7.72	0.00
Net Debt	-32	-18	-4.85	-6.24	-3.11	-7.81
Capital Expenditures (CapEx)	0.27	0.00	0.00	11	0.00	0.43
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-9.44	-4.80	-2.37	-2.73	2.37	-9.00
Debt-free Net Working Capital (DFNWC)	22	13	9.71	7.00	13	-1.18
Net Working Capital (NWC)	22	13	9.71	7.00	13	-1.18
Net Nonoperating Expense (NNE)	15	2.85	2.47	3.56	2.61	5.28
Net Nonoperating Obligations (NNO)	-80	-93	-79	-84	-79	-1.17
Total Depreciation and Amortization (D&A)	3.51	5.43	9.04	14	17	23
Debt-free, Cash-free Net Working Capital to Revenue	-16.64%	-7.28%	-2.61%	-2.64%	2.24%	-7.23%
Debt-free Net Working Capital to Revenue	39.59%	20.17%	10.71%	6.77%	12.50%	-0.95%
Net Working Capital to Revenue	39.59%	20.17%	10.71%	6.77%	12.50%	-0.95%
Earnings Adjustments	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	0.00	19.50M	21.40M	22.60M	24.30M	25.30M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	($0.17)	($0.22)	($0.38)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	19.50M	21.40M	22.60M	24.30M	25.30M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	39M	42.80M	23.00M	25.04M	25.55M
Normalized Net Operating Profit after Tax (NOPAT)	-3.28	-5.65	-1.26	-0.69	-2.72	-4.24
Normalized NOPAT Margin	-5.78%	-8.57%	-1.39%	-0.66%	-2.57%	-3.41%
Pre Tax Income Margin	-31.18%	-12.81%	-2.27%	-3.13%	-6.57%	-6.02%
Debt Service Ratios	-	-	-	-	-	-
EBIT to Interest Expense	-9.46	-20.96	-0.75	-0.88	-1.24	-4.96
NOPAT to Interest Expense	-1.94	-14.69	-1.07	-0.40	-0.88	-3.37
EBIT Less CapEx to Interest Expense	-9.62	-20.96	-0.75	-7.14	-1.24	-5.30
NOPAT Less CapEx to Interest Expense	-2.10	-14.69	-1.07	-6.66	-0.88	-3.71
Payout Ratios	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

No quarterly metrics and ratios for Bragg Gaming Group are available.

Financials Breakdown Chart

Bragg Gaming Group Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Bragg Gaming Group's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Bragg Gaming Group's net income appears to be on a downward trend, with a most recent value of -$9.52 million in 2025, falling from -$17.79 million in 2020. The previous period was -$5.33 million in 2024. See where experts think Bragg Gaming Group is headed by visiting Bragg Gaming Group's forecast page.

Bragg Gaming Group's total operating income in 2025 was -$6.06 million, based on the following breakdown:

Total Gross Profit: $68.46 million
Total Operating Expenses: $74.51 million

Over the last 5 years, Bragg Gaming Group's total revenue changed from $56.71 million in 2020 to $124.49 million in 2025, a change of 119.5%.

Bragg Gaming Group's total liabilities were at $43.01 million at the end of 2025, a 25.5% increase from 2024, and a 9.3% increase since 2020.

In the past 5 years, Bragg Gaming Group's cash and equivalents has ranged from $7.81 million in 2025 to $31.89 million in 2020, and is currently $7.81 million as of their latest financial filing in 2025.

Over the last 5 years, Bragg Gaming Group's book value per share changed from 9.01 in 2020 to 2.91 in 2025, a change of -67.7%.

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Financial statements for NASDAQ:BRAG last updated on 7/16/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Bragg Gaming Group (BRAG) Financials

Financials Breakdown Chart

Bragg Gaming Group Financials - Frequently Asked Questions

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Bragg Gaming Group (BRAG) Financials

Annual Income Statements for Bragg Gaming Group

Quarterly Income Statements for Bragg Gaming Group

Annual Cash Flow Statements for Bragg Gaming Group

Quarterly Cash Flow Statements for Bragg Gaming Group

Annual Balance Sheets for Bragg Gaming Group

Quarterly Balance Sheets for Bragg Gaming Group

Annual Metrics And Ratios for Bragg Gaming Group

Quarterly Metrics And Ratios for Bragg Gaming Group

Financials Breakdown Chart

Bragg Gaming Group Financials - Frequently Asked Questions

When does Bragg Gaming Group's financial year end?

How has Bragg Gaming Group's net income changed over the last 5 years?

What is Bragg Gaming Group's operating income?

How has Bragg Gaming Group's revenue changed over the last 5 years?

How much debt does Bragg Gaming Group have?

How much cash does Bragg Gaming Group have?

How has Bragg Gaming Group's book value per share changed over the last 5 years?

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