Bragg Gaming Group Inc

Bragg Gaming Group Inc has a liquidity position that is relatively stable, with a current ratio of 1.02, indicating that its current assets slightly exceed its current liabilities. The company's cash and equivalents amount to EUR 7.75 million, which provides a buffer against short-term obligations. However, the company's free cash flow is negative at EUR -0.78 million, suggesting that it is not generating sufficient cash from operations to cover its capital expenditures.

The company's profitability is currently negative, with a net loss of EUR 1.90 million and an operating loss of EUR 1.27 million. Its return on equity is -2.75%, and its return on assets is -1.87%, both of which are below the industry median for the Online Services sector. This indicates that the company is not generating returns that meet the expectations of its equity and asset base.

Bragg Gaming Group Inc's revenue is concentrated in a single business segment, as disclosed in its financial statements, with no material geographic diversification reported. The company's revenue is primarily derived from its online services operations, and there is no indication of significant diversification into other product lines or geographic regions.

The company's growth trajectory is uncertain, with no specific revenue growth projections provided in the available data. The company's operating cash flow is positive at EUR 2.75 million, which is a positive sign for its ability to fund operations and reduce debt. However, the negative free cash flow suggests that the company is investing heavily in capital expenditures, which may be a precursor to future growth or a sign of operational inefficiencies.

The risk assessment for Bragg Gaming Group Inc indicates a low level of liquidity and dilution risk. The company's debt-to-equity ratio is 0.07, which is relatively low, and there are no immediate filing-based liquidity or dilution flags. The company's capital structure is not heavily leveraged, and its equity base is substantial at EUR 69.21 million. However, the company's negative net income and operating income suggest that it may need to seek additional financing in the future, which could lead to dilution for existing shareholders.

Recent events and filings do not indicate any material changes in the company's operations or financial position. The company's financial statements do not disclose any significant legal or regulatory issues, and there are no recent earnings call transcripts or press releases that suggest a change in strategy or performance.

Revenue grew at a 16.1% CAGR over four years, reaching EUR 106.1 million in fiscal 2026.

Analysts project 247% upside to a mean price target of EUR 7.88, signaling strong market optimism.

Gross profit expanded to EUR 58.3 million in fiscal 2026, demonstrating improving top-line efficiency.

Long-term debt decreased to EUR 7.6 million in fiscal 2026, reflecting a manageable leverage profile.

The debt-to-equity ratio of 0.07 sits above the cohort median, indicating conservative capital structure.

The company faces high credit risk, posing potential challenges for future financing and stability.

Revenue €27.7M, +1,9% YoY; Operating income +86,5% YoY.

• ▍Revenue €27.7M, +1,9% YoY
• ▍Operating income +86,5% YoY
• ▍Net income −97,8% YoY
• ▍Free cash flow −537,5% YoY
• ▍Net margin -4.8%

Revenue €26.8M, +2,4% YoY; Operating income −196,1% YoY.

• ▍Revenue €26.8M, +2,4% YoY
• ▍Operating income −196,1% YoY
• ▍Net income −1 297,0% YoY
• ▍Free cash flow −124,2% YoY
• ▍Net margin -8.6%

Revenue €26.1M, +4,9% YoY; Operating income −93,2% YoY.

• ▍Revenue €26.1M, +4,9% YoY
• ▍Operating income −93,2% YoY
• ▍Net income +23,8% YoY
• ▍Free cash flow +65,1% YoY
• ▍Net margin -7.0%

Revenue €25.5M, +7,1% YoY; Operating income −32,5% YoY.

• ▍Revenue €25.5M, +7,1% YoY
• ▍Operating income −32,5% YoY
• ▍Net income −38,7% YoY
• ▍Free cash flow −12,1% YoY
• ▍Net margin -10.4%

Revenue €27.2M; Operating income -€654.0k.

• ▍Revenue €27.2M
• ▍Operating income -€654.0k
• ▍Net margin -2.5%

Revenue €26.2M; Operating income -€406.0k.

• ▍Revenue €26.2M
• ▍Operating income -€406.0k
• ▍Net margin -0.6%

Revenue €24.9M; Operating income -€1.2M.

• ▍Revenue €24.9M
• ▍Operating income -€1.2M
• ▍Net margin -9.7%

Revenue €23.8M; Operating income -€1.3M.

• ▍Revenue €23.8M
• ▍Operating income -€1.3M
• ▍Net margin -8.0%

Revenue €106.1M, +4,0% YoY; Operating income −50,1% YoY.

• ▍Revenue €106.1M, +4,0% YoY
• ▍Operating income −50,1% YoY
• ▍Net income −57,7% YoY
• ▍Free cash flow −149,8% YoY
• ▍Net margin -7.7%

Revenue €102.0M, +9,1% YoY; Operating income −356,0% YoY.

• ▍Revenue €102.0M, +9,1% YoY
• ▍Operating income −356,0% YoY
• ▍Net income −34,2% YoY
• ▍Free cash flow −188,4% YoY
• ▍Net margin -5.0%

Revenue €93.5M, +10,4% YoY; Operating income +6,2% YoY.

• ▍Revenue €93.5M, +10,4% YoY
• ▍Operating income +6,2% YoY
• ▍Net income −10,1% YoY
• ▍Free cash flow +83,3% YoY
• ▍Net margin -4.1%

Revenue €84.7M, +45,3% YoY; Operating income +87,3% YoY.

• ▍Revenue €84.7M, +45,3% YoY
• ▍Operating income +87,3% YoY
• ▍Net income +53,6% YoY
• ▍Free cash flow +50,7% YoY
• ▍Net margin -4.1%