Company Analysis

Bragg Gaming Group Inc. (BRAG)

Nasdaq: BRAG · Services-Computer Rental & Leasing · Toronto · filing with the SEC since 2021
Grade5.1
◀ Past 6.0● Present 5.6▶ Future 3.5
1 est.

The grade of Bragg Gaming Group Inc.

Nine metrics read from its own filings, by tense
Headline grade
5.1/10
◀ Past6.025% of the headline
● Present5.645% of the headline
▶ Future3.530% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

6.0/1025% of the headline grade · 3 of 3 filed

Surviving crises

as filed
7.6/10

Has it survived what it has been through?

No warning events in its filings since 2021.

weight 45% of this tense · 76th percentile among 35 sector filers · read for itself

From the record

Bragg Gaming Group Inc.'s filings since 2021 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
6.6/10

What has it actually done, year after year?

+18% a year over 6 filed years; profitable in 0 of 6.

weight 33% of this tense · 66th percentile among 34 sector filers · read for its customers

From the record

Bragg Gaming Group Inc.'s 6 filed years say what it did: revenue went from EUR 46 million in fiscal 2020 to EUR 106 million in fiscal 2025, up 18% a year; it rose in 5 of 5 years; it never fell from a peak; net income was positive in 0 of 6 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span18.0%top 16% of its family
  • the share of years revenue rosetop 13% of its family
  • the share of filed years with a profitbottom 6% of its family
  • the deepest fall from a revenue peak0.0%top 13% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
2.0/10

How has it treated the people who own it?

Share count grew 5.7% a year. 0% of cash flow returned. Insiders: 0 sales, 0 purchases.

weight 22% of this tense · 20th percentile among 25 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Bragg Gaming Group Inc.'s diluted share count grew about 5.7% a year, and dividends and buybacks returned about 0% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

What it rests on

  • the share count over the yearsbottom 28% of its family
  • cash returned against operating cash flowbottom 12% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

5.6/1045% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
6.0/10

Is it financially healthy right now?

ROE -13%: lost 13¢ per shareholder dollar. Leverage 37%: owes 37¢ per asset dollar.

weight 45% of this tense · 60th percentile among 35 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Bragg Gaming Group Inc. lost about 13 cents for every dollar of shareholders' money, and gross profitability: its products earned about 59 cents per dollar of everything the company owns. Leverage: it owed about 37 cents per dollar of assets, and net share issuance: its share count grew 4.1% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 27% of its family
  • return on equitybottom 29% of its family
  • gross profit against assetstop 6% of its family
  • the share count against the year beforebottom 46% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
4.4/10

How strong is its position in its industry?

bottom 44% of 35 in its family; net margin -7.7%.

weight 33% of this tense · 44th percentile among 35 sector filers · read for its customers

From the record

Bragg Gaming Group Inc.'s standing among 35 graded names in its industry family: revenue of EUR 106 million in fiscal 2025 is not ranked by size, since the family reports in another currency; a net margin of -7.7% ranks in the bottom 30%; revenue growth of 7.8% a year over the last 3 filed years ranks in the top 43% (its annual reports).

What it rests on

  • net margin-7.7%bottom 30% of its family
  • three-year revenue growth7.8%top 43% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
6.5/10

What are the people in charge doing?

SI estimate 6.5/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 25 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 25 members with one.
What the record cannot read
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read.
How it was reasoned
family median, 25 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Bragg Gaming Group Inc.'s leadership is put at 6.5 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 25 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

3.5/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
6.8/10

How much room does it have to grow?

top 32% of 35 in its family for room to expand.

weight 22% of this tense · 68th percentile among 35 sector filers · read for itself

From the record

Bragg Gaming Group Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of EUR 7 million against debt of EUR 4 million leaves 3.2% of its assets as net cash, top 40% of its family; cash from operations less capital spending is 16.6% of revenue (top 33%); a gross margin of 55% (top 22%) (its annual report).

What it rests on

  • cash less debt against assets3.2%top 40% of its family
  • cash from operations less capital spending against revenue16.6%top 33% of its family
  • gross margin55.0%top 22% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
2.6/10

What could actually drive growth from here?

bottom 26% of 34 in its family for growth drivers.

weight 33% of this tense · 26th percentile among 34 sector filers · read for its customers

From the record

Bragg Gaming Group Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 7.8% a year over the last three filed years against 18% over all 6, slowing (bottom 13% of its family); the newest year grew 4% (bottom 28%); capital spending grew -12.5% a year (bottom 38%) (its annual reports). Bragg Gaming Group Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span-10.2 points a yearbottom 13% of its family
  • the newest year's revenue growth4.0%bottom 28% of its family
  • three-year growth of capital spending-12.5%bottom 38% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
2.6/10

Did its newest year beat what its own record pointed to?

bottom 26% of 29 in its family for expectations against reality.

weight 45% of this tense · 26th percentile among 29 sector filers · read for its shareholders

From the record

Bragg Gaming Group Inc.'s newest year against its own record: revenue of EUR 106 million in fiscal 2025 came in 5.2% below the EUR 112 million its prior three years' pace pointed to (bottom 16% of its family); net income of EUR 8 million against a prior three-year average of EUR 4 million (bottom 26%); a net margin of -7.7% against -4.4% before (bottom 36%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-5.2%bottom 16% of its family
  • net income against the prior three years' average-95%bottom 26% of its family
  • net margin against its prior average-3.2 pointsbottom 36% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton BRAG · research, not advice