BRAG · NASDAQ · Software - Application

Bragg Gaming Group (BRAG)

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

$1.42
After hours−0.01 (−0.70%)
At close$1.43(0.00%)
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Bragg Gaming Group Inc.BRAG
Information 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

Market cap$43.6M
EPS (ttm)−$0.3432
P/E (ttm)−4.17
ROE-12.4%
P/B0.6399
P/S0.3681
Dividend yieldDiv yield
Beta0.56vs XLK 0.24

Price target$6.00+322.5%Average of 4 analysts
ConsensusBuy2 of 4 analysts
Ratings

Target rangeAs of Sep 22, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Jun 9, 2026Maxim GroupReiterate
Rating: Target:
Rating: BuyTarget: $6
Oct 17, 2025JMP SecuritiesDowngrade
Rating: Market Outperform
Rating: Market Perform
Aug 18, 2025BenchmarkDowngrade
Rating: Speculative Buy
Rating: Hold

Next report
Nov 12, 26
in 51 days
EPS estimate
−$0.01
Revenue estimate
$24.9M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported−$0.03−$0.12−$0.08−$0.11−$0.06−$0.06−$0.13Pending
Estimate−$0.04−$0.05−$0.06−$0.07−$0.03−$0.09−$0.13−$0.01
Surprise+27.6%−161.0%−35.8%−65.4%−119.0%+37.5%−3.5%

RevenueReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported$28.2M$27.6M$30.7M$31.5M$32.5M$29.6M$26.1MPending
Estimate$28.4M$28.9M$32.7M$31.3M$33.1M$29.0M$26.7M$24.9M
Surprise−0.7%−4.6%−6.1%+0.5%−1.6%+2.2%−2.2%
Estimate−$0.01
ReportedDue Nov 12, 2026
Estimate$24.9M
ReportedDue Nov 12, 2026
View details

Debt to equity10.50%
Current ratio88.80%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$30.0M$31.1M$29.2M$29.9M$30.7M$31.9M$29.4M$26.2M
Net income−$188.9K−$776.4K−$3.0M−$2.1M−$2.6M−$1.5M−$1.4M−$3.3M
Net margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$464.9K−$748.9K−$1.9M−$2.7M−$1.4M−$101.3K−$1.7M−$2.2M
YoY growthLoss narrowedLoss widenedLoss widenedLoss widenedLoss widenedLoss narrowedLoss narrowedLoss narrowed

Balance sheet, Jun 30, 2026Cash & short-term investments $3.8M · Total debt $7.2M · Total assets $104.4M · Shareholders' equity $68.0M

Revenue
$26.2M
Operating income
−$2.2M
Net income
−$3.3M

Reported in EUR, converted at the latest exchange rate

View details

No dividends on record.

Institutions2.67%812.1K shares
19 holders · as of Jun 30, 2026
Other97.33%29.66M shares
remainder

30.47M company shares as of Aug 24, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

The share count has not been confirmed by a second filing; stakes use it as it stands.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Rubicon Global Capital LtdInstitution
1.46%446,000as of Jun 30, 2026
Goldman Sachs Group IncInstitution
0.32%96,408as of Jun 30, 2026
Bank of Montreal /Can/Institution
0.18%56,235as of Jun 30, 2026
Royal Bank of CanadaInstitution
0.17%51,526as of Jun 30, 2026
Renaissance Technologies LLCInstitution
0.17%50,800as of Jun 30, 2026

Insider tradesForm 4

Nothing filed in the last 12 months.

View details

Not reported.