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BRAG on Nasdaq

Bragg Gaming Group Inc.

Bragg Gaming Group Inc. is a computer rental and leasing services company based in Toronto.1

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Last updated Oct 21, 2026.

Overview

106.1MRevenue, fiscal 20252
-8.1MNet income, fiscal 20252

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  • TickerBRAG on Nasdaq1
  • IndustryServices-Computer Rental & Leasing1
  • HeadquartersZ41
  • Incorporated inCanada (Federal Level)3
  • Business address130 King Street West, Suite 1955, Toronto, M5X 1C93
  • Filer category, Emerging growth company3
  • Legal formCorporation

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from. Figures are in EUR, the currency the company reports in.

Key numbers, fiscal 2025

55.0%Gross margin2
-5.0%Operating margin2
-7.7%Net margin2
4.0%Revenue growth, 20252
-12.9%Return on equity2
17.6M EURFree cash flow2

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Regions

MT brought in 21% of the revenue Bragg Gaming Group Inc. broke down this way in fiscal 2025.

  1. MT22.7M EUR221%up 2% from 2024
  2. Netherlands19.5M EUR218%down 34% from 2024
  3. United States11.5M EUR211%up 102% from 2024
  4. BRMember11.1M EUR210%
  5. Other Country10.5M EUR210%up 13% from 2024
  6. CW6.8M EUR26%down 62% from 2024
  7. MH6.7M EUR26%up 304% from 2024
  8. BE5.3M EUR25%up 13% from 2024
  9. HR4.7M EUR24%down 6% from 2024
  10. IM3.7M EUR24%up 33% from 2024
  11. CZ3.7M EUR23%up 23% from 2024
Regions by year
Regions20242025
MT22.3M EUR22.7M EUR
Netherlands29.7M EUR19.5M EUR
United States5.7M EUR11.5M EUR
BRMember11.1M EUR
Other Country9.3M EUR10.5M EUR
CW17.9M EUR6.8M EUR
MH1.7M EUR6.7M EUR
BE4.7M EUR5.3M EUR
HR5.0M EUR4.7M EUR
IM2.8M EUR3.7M EUR
CZ3.0M EUR3.7M EUR

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue42¢47.7M EUR
  • Selling, general and admin56¢63.5M EUR
  • Interest1¢1.0M EUR
  • Income tax2¢1.7M EUR

Out of 106.1M EUR in revenue.2 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending2¢364.0K EUR
  • Kept or used elsewhere98¢17.6M EUR

Out of 17.9M EUR of cash from operations.2

Financial statements

Revenue45672106.1M EUR in 2025+129% since 2020
050.0M EUR100.0M EUR150.0M EUR2020: 46.4M EUR46.4M EUR20202021: 58.3M EUR58.3M EUR2021+26%2022: 84.7M EUR84.7M EUR2022+45%2023: 93.5M EUR93.5M EUR2023+10%2024: 102.0M EUR102.0M EUR2024+9%2025: 106.1M EUR106.1M EUR2025+4%
Gross profit4567258.3M EUR in 2025+189% since 2020
020.0M EUR40.0M EUR60.0M EUR2020: 20.2M EUR20.2M EUR20202021: 28.3M EUR28.3M EUR2021+40%2022: 45.1M EUR45.1M EUR2022+59%2023: 49.9M EUR49.9M EUR2023+11%2024: 54.0M EUR54.0M EUR2024+8%2025: 58.3M EUR58.3M EUR2025+8%
Operating income45672-5.3M EUR in 2025−55% since 2020
-15.0M EUR-10.0M EUR-5.0M EUR02020: -11.9M EUR-11.9M EUR20202021: -6.3M EUR-6.3M EUR2021−47%2022: -828.0K EUR-828.0K EUR2022−87%2023: -777.0K EUR-777.0K EUR2023−6%2024: -3.5M EUR-3.5M EUR2024+356%2025: -5.3M EUR-5.3M EUR2025+50%
Net income45672-8.1M EUR in 2025−44% since 2020
-15.0M EUR-10.0M EUR-5.0M EUR02020: -14.6M EUR-14.6M EUR20202021: -7.5M EUR-7.5M EUR2021−48%2022: -3.5M EUR-3.5M EUR2022−54%2023: -3.8M EUR-3.8M EUR2023+10%2024: -5.1M EUR-5.1M EUR2024+34%2025: -8.1M EUR-8.1M EUR2025+58%

Every line of the income statement as filed: the last 2 fiscal years, latest first.2

Period ending2025-12-312024-12-31
Revenue106.1M EUR102.0M EUR
Cost of revenue-47.7M EUR-48.0M EUR
Gross Profit58.3M EUR54.0M EUR
Selling, general and administrative expenses-63.5M EUR-57.8M EUR
Loss on remeasurement of derivative liability-94.0K EUR
Gain on settlement of convertible debt169.0K EUR
(Loss) Gain on remeasurement of deferred consideration-157.0K EUR132.0K EUR
Operating Loss-5.3M EUR-3.5M EUR
Net interest expense and other financing charges-1.1M EUR-3.2M EUR
Loss Before Income Taxes-6.4M EUR-6.7M EUR
Income taxes (expense) recovery-1.7M EUR1.6M EUR
Net Loss-8.1M EUR-5.1M EUR
Cumulative translation adjustment-4.8M EUR2.4M EUR
Remeasurement of employee obligations17.0K EUR-25.0K EUR
Net Comprehensive Loss-12.9M EUR-2.8M EUR
Basic Loss Per Share-0.32 EUR-0.21 EUR
Diluted Loss Per Share-0.32 EUR-0.21 EUR
Weighted average number of shares - basic25.3M shares24.3M shares
Weighted average number of shares - diluted25.3M shares24.3M shares

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Corporate structure

Bragg Gaming Group Inc. sits at the top of its group. 1 entity on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Bragg Gaming Group Inc.

  • Doug Fallon Filed SCHEDULE 13D/A on Bragg Gaming Group Inc., latest Oct 13, 2026 (3 filings since Jul 10, 2024)
  • Lind Global Fund II LP Filed SC 13G/A on Bragg Gaming Group Inc., latest Feb 13, 2023 (2 filings since Dec 5, 2022)
  • Matevz Mazij Filed SC 13D on Bragg Gaming Group Inc., latest May 10, 2022
  • Bragg Gaming Group Inc. Z4

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Bragg Gaming Group Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, net1.2M EUR2 Dec 31, 20251.3M EUR2 Dec 31, 2024−10.7%
Operating-lease assets (leased space)4.0M EUR2 Dec 31, 20253.5M EUR2 Dec 31, 2024+13.2%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents6.7M EUR2 Dec 31, 202510.5M EUR2 Dec 31, 2024−36.4%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill31.2M EUR2 Dec 31, 202532.7M EUR2 Dec 31, 2024−4.6%
Intangible assets, net (excluding goodwill)30.4M EUR2 Dec 31, 202535.9M EUR2 Dec 31, 2024−15.2%

Leadership

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive OfficerMatevz Mazij named Jul 7, 2026 to Aug 7, 20268
  • Executive OfficerMorten Tonnesen named Jul 7, 2026 to Aug 7, 20268
  • Executive OfficerNeill Whyte named Jul 7, 2026 to Aug 7, 20268
  • Executive OfficerPeter Lavric named Jul 7, 2026 to Aug 7, 20268
  • Executive OfficerRobbie Bressler named Jul 7, 2026 to Aug 7, 20268
  • Executive OfficerTommaso Di Chio named Jul 7, 20269
  • DirectorDon Robertson named Jul 7, 2026 to Aug 7, 20268
  • DirectorHolly Gagnon named Jul 7, 2026 to Aug 7, 20268
  • DirectorMark Clayton named Jul 7, 2026 to Aug 7, 20268
  • DirectorMatt Davey named Aug 7, 20268
  • DirectorRon Baryoseph named Jul 7, 2026 to Aug 7, 20268
  • DirectorThomas Winter named Jul 7, 2026 to Aug 7, 20268

Calendar

Coming up

  1. Nov 12, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported ($0.11) a share, on Nov 13, 2025.10

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

166 filings to the SEC since October 2021: 5 annual reports, 6 large holders, 2 private raises, 153 other. The latest 20:

  1. Oct 13, 2026SCHEDULE 13D/A EDGAR
  2. Aug 27, 20266-K EDGAR
  3. Aug 13, 20266-K EDGAR
  4. Aug 7, 2026D EDGAR
  5. Aug 4, 20266-K EDGAR
  6. Jul 23, 20266-K EDGAR
  7. Jul 9, 20266-K EDGAR
  8. Jul 7, 2026D EDGAR
  9. Jun 29, 20266-K EDGAR
  10. Jun 25, 20266-K EDGAR
  11. Jun 22, 20266-K EDGAR
  12. May 26, 20266-K EDGAR
  13. May 14, 20266-K EDGAR
  14. May 11, 20266-K EDGAR
  15. May 5, 20266-K EDGAR
  16. May 1, 20266-K EDGAR
  17. Apr 13, 20266-K EDGAR
  18. Mar 31, 202640-F EDGAR
  19. Mar 19, 20266-K EDGAR
  20. Mar 19, 20266-K EDGAR

The 166 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

  • Doug FallonSCHEDULE 13D/A, 3 filings Jul 10, 2024 to Oct 13, 202611
  • Lind Global Fund II LPSC 13G/A, 2 filings Dec 5, 2022 to Feb 13, 202312
  • Matevz MazijSC 13D, 1 filing May 10, 202213

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$3.7M 2026–2026
Money received by yearMoney received by year, 2026–2026: $3.7M in all. Private raises (Form D) $3.7M.$0$1M$2M$3M$4M2026 · Private raises (Form D): $3.7M2026
Figures by year
YearPrivate raises (Form D)Total
2026$3.7M$3.7M

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. Jul 22, 2026Raised $3.2 million in a private offering of equity8 Form D: 6 investors so far Form D
  2. Jun 22, 2026Raised $449,999 in a private offering of equity9 Form D: $1 million offered in all Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Rubicon Global Capital Ltd446,000$767.1K0.3%No change
Goldman Sachs Group Inc96,408$165.8K0.0%−5,368
Bank Of Montreal /can/56,235$96.3K0.0%No change
Royal Bank Of Canada51,526$89.0K0.0%−6,338
Renaissance Technologies LLC50,800$87.4K0.0%−300
Citadel Advisors LLC41,002$70.5K0.0%+13,014
Dimensional Fund Advisors LP38,660$66.5K0.0%No change
Susquehanna International Group, Llp14,356$24.7K0.0%New
Geode Capital Management, LLC10,266$17.7K0.0%−988
Morgan Stanley4,538$7.8K0.0%−700
Rockefeller Capital Management L.P.1,000$1.7K0.0%No change
Purpose Unlimited Inc.900$1.5K0.0%No change
Barclays PLC200$3440.0%No change
Jones Financial Companies Lllp100$1750.0%New
Tower Research Capital LLC (TRC)100$1720.0%New
National Bank Of Canada /fi/37$620.0%−2
SBI Securities Co., Ltd.12$210.0%No change
Osaic Holdings, Inc.6$100.0%No change

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Bragg Gaming Group Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARBragg Gaming Group Inc.1
  • CIK0001867834
  • Employer ID (EIN)00-000000014
  • Filer status<br>emerging growth company an emerging growth company1
  • Incorporated inCanada14
  • Fiscal year endsDecember 311
  • Industry code (SIC)7377 Services-Computer Rental & Leasing1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business address130 King Street West, Suite 1955, Toronto, M5X 1C9, Ontario, Canada1
  • Phone44 7988 1664511
  • Shares outstanding25,553,293 shares as of Dec 31, 202514
  • On EDGAR sinceAug 23, 20211
  • Filings177 in all: 6-K (157), 40-F (5), D (2), SC 13D (2), 8-A12B (1), CERT (1), CORRESP (1), EFFECT (1)1
    All 15 form types

    F-10 (1), F-X (1), SC 13D/A (1), SC 13G (1), SC 13G/A (1), SCHEDULE 13D/A (1), UPLOAD (1)

  • Latest filingsAnnual report (40-F) Mar 31, 2026

Securities registered for trading

ClassSymbolExchange
Common Shares, no par valueBRAGNasdaq

From the cover page of the 40-F filed Mar 31, 2026 (Section 12(b) of the Exchange Act).14

Sources

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