BRAG · NASDAQ · Software - Application

Bragg Gaming Group

Supplies casino content, platform technology, and managed services to regulated gaming operators.

$1.46
After-hours close−0.01 (−0.68%)
At close$1.47(+2.08%)
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Profile

Bragg Gaming Group Inc.BRAGInformation Technology

Sells proprietary and exclusive casino content alongside remote-game-server distribution, player-account-management technology, and managed services. The B2B model serves online-casino, sports-betting, lottery, and land-based operators in regulated markets.

Serving regulated gaming operators, the B2B portfolio pairs casino content with platform technology and managed services. Proprietary studios include Wild Streak Gaming, Atomic Slot Lab, and Indigo Magic, alongside exclusive third-party titles under Powered by Bragg.

Remote-game-server games reach customers through Bragg HUB. Modular player-account-management technology, a data platform, Fuze player-engagement tools, and operational and marketing services support operators across online casino, sports betting, lottery, and land-based gaming.

Operations extend across North America, Latin America, and Europe. The company is licensed, certified, or approved in regulated markets across those regions. Distribution depends on jurisdiction-specific licenses, certifications, approvals, and market rules.

Company facts

CEOMatevž Mazij
ListedAug 27, 2021
ExchangeNASDAQ
HeadquartersToronto, ON
CountryCanada
Employees534
CIK0001867834
ISINCA1048333068

Key statistics

Market cap$44.5M
EPS (ttm)−$0.3468
P/E (ttm)−4.21
ROE-12.4%
P/B0.5350
P/S0.3674
Dividend yield
Beta0.58vs XLK 0.22

Year to date −30.3% · Average volume (30d) 23.3K

Analysts

Price target, next 12 months$6.00+311.0%Median of 4 analysts · vs the Aug 28 close
ConsensusBuy2 of 4 analysts rate it buy or better

Ratings

Target range

Latest analyst notes

DateFirmActionPrior ratingRatingTarget
Jun 9, 2026Maxim GroupReiterateBuy$6
Oct 17, 2025JMP SecuritiesDowngradeMarket OutperformMarket Perform
Aug 18, 2025BenchmarkDowngradeSpeculative BuyHold

Earnings

EPS

Estimate−$0.02
ReportedDue Nov 12, 2026

Revenue

Estimate$27.0M
ReportedDue Nov 12, 2026

History

Report dateEPS estEPSSurpriseRevenue estRevenueSurpriseNext session
Aug 13, 2026Q2 FY26−$0.13−$0.13−3.5%$26.7M$26.1M−2.2%−16.20%
May 14, 2026Q1 FY26−$0.09−$0.06+35.1%$29.0M$29.6M+2.2%−9.39%
Mar 19, 2026Q4 FY25−$0.03−$0.06−119.0%$33.1M$32.5M−1.6%+5.00%
Nov 13, 2025Q3 FY25−$0.07−$0.11−65.4%$28.4M$31.4M+10.7%−11.89%
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Financial highlights

12 quartersQ1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$29.6M$30.2M$31.1M$32.3M$29.8M$26.3M
Gross profit$16.6M$15.9M$17.0M$13.0M$11.1M$8.0M
Operating income−$1.9M−$2.7M−$1.4M−$102.5K−$1.7M−$2.2M
Net income−$3.1M−$2.1M−$2.7M−$1.6M−$1.4M−$3.3M
Diluted EPS−$0.13−$0.08−$0.10−$0.06−$0.05−$0.13
Gross margin56.0%52.7%54.7%40.3%37.2%30.3%
Operating margin-6.6%-9.0%-4.5%-0.3%-5.6%-8.5%

Fiscal years (4-quarter sums)FY21 $67.6M · FY22 $98.2M · FY23 $108.4M · FY24 $118.2M · FY25 $123.1M

Revenue by geography · FY25

Malta$26.2M · 24%
Netherlands$22.6M · 21%
United States$13.3M · 12%
Brazil$12.8M · 12%
Other Country$12.2M · 11%
Belgium$6.1M · 6%
Croatia$5.4M · 5%
ISLE of MAN$4.3M · 4%
Czechia$4.3M · 4%

Balance sheet, Jun 30, 2026Cash & short-term investments $3.8M · Total debt $7.2M · Total assets $105.7M · Shareholders' equity $68.8M

Dividends

No dividends on record.

Ownership

Institutions 2.71%Insiders

Shares outstanding 30.47M · Float 23.99M · 78.7% free float

Top shareholders13F · 13D/G · Form 4

HolderShares% outstandingFormFiled
Rubicon Global Capital Ltd446.0K1.46%13FApr 27, 2026
Goldman Sachs Group Inc101.8K0.33%13FMay 15, 2026
Royal Bank of Canada57.9K0.19%13FMay 15, 2026
Bank of Montreal /Can/56.2K0.18%13FMay 13, 2026
Renaissance Technologies LLC51.1K0.17%13FMay 14, 2026

Insider tradesForm 4

Nothing filed in the last 12 months.

View details

Peers

Not reported.