Codere Online Luxembourg, S.A. (CDRO) Income Statement
CDRO 2025 at a glance
Fiscal year ended December 31, 2025 · eurosCDRO revenue and net income
Where CDRO's revenue goes
2025Each bar shows an amount and its share of revenue. CDRO kept 0.6% of revenue as net income.
CDRO profit margins
CDRO growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +4.8% | +22.0% | +24.4% | — |
| Gross profit | +1.9% | +22.7% | +23.2% | — |
| Operating income | +32.5% | — | — | — |
| Net income | −66.9% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
CDRO income statement in euros
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | €210.4M | €200.7M | €161.6M | €115.7M | €80.3M | €70.5M | €61.6M |
| Cost of revenue | €25.0M | €18.8M | €6.3M | €15.3M | €7.1M | €5.2M | €5.1M |
| Gross profit | €185.4M | €181.9M | €155.4M | €100.4M | €73.2M | €65.3M | €56.5M |
| Sales, general & admin | €85.5M | €85.6M | €152.3M | €88.9M | €48.8M | €69.4M | €66.3M |
| Total operating expenses | €179.7M | €177.6M | €176.4M | €156.3M | €144.2M | €79.6M | €72.4M |
| Operating income | €5.7M | €4.3M | −€14.8M | −€55.9M | −€71.0M | −€14.2M | −€15.9M |
| Interest income | €342,000 | €603,000 | €1.8M | €25.1M | €4.5M | €168,000 | €43.9M |
| Interest expense | — | — | — | €12.6M | €561,000 | €520,000 | €269,000 |
| Income before taxes | €3.3M | €5.4M | −€8.9M | −€43.4M | −€67.0M | −€14.8M | −€16.1M |
| Income taxes | €2.0M | €1.5M | — | €3.0M | €966,000 | €1.5M | €53,000 |
| Net income | €1.3M | €3.9M | −€2.4M | −€46.4M | −€68.1M | −€16.3M | −€16.2M |
| EBITDA | €5.9M | €4.7M | −€14.6M | −€55.3M | −€25.5M | −€13.3M | −€14.7M |
| Gross margin | 88.1% | 90.6% | 96.1% | 86.8% | 91.2% | 92.7% | 91.7% |
| Operating margin | 2.7% | 2.2% | −9.1% | −48.3% | −88.5% | −20.2% | −25.8% |
| Net margin | 0.6% | 1.9% | −1.5% | −40.1% | −84.8% | −23.1% | −26.3% |
| Jun '26 | Mar '26 | Sep '25 | Mar '25 | Sep '24 | Mar '24 | Sep '23 | Jun '23 | Mar '23 | Sep '22 | Mar '22 | Sep '21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €62.4M | €62.4M | €52.5M | €52.7M | €49.3M | €51.1M | €43.5M | €37.3M | €37.3M | €32.2M | €25.6M | €20.2M |
| Cost of revenue | €8.6M | €8.6M | €8.2M | €4.3M | €4.7M | €4.7M | €4.3M | €4.4M | €4.4M | €4.4M | €3.2M | €2.0M |
| Gross profit | €53.7M | €53.7M | €44.4M | €48.3M | €44.6M | €46.3M | €39.2M | €32.9M | €32.9M | €27.8M | €22.4M | €18.1M |
| Sales, general & admin | €24.9M | €24.9M | €19.7M | €23.1M | €20.7M | €22.1M | €20.0M | €17.8M | €17.8M | €25.6M | €18.9M | €12.7M |
| Total operating expenses | €51.1M | €51.1M | €43.0M | €46.8M | €43.3M | €45.5M | €40.9M | €38.6M | €38.6M | €43.1M | €35.0M | €47.1M |
| Operating income | €2.6M | €2.6M | €1.4M | €1.5M | €1.4M | €814,500 | −€1.7M | −€5.7M | −€5.7M | −€15.3M | −€12.6M | −€29.0M |
| Income before taxes | €3.4M | €3.4M | €2.6M | −€938,000 | €2.4M | €335,500 | −€3.1M | −€1.4M | −€1.4M | −€14.2M | −€7.5M | −€27.0M |
| Income taxes | €644,000 | €644,000 | €373,500 | €635,000 | €270,000 | €461,000 | −€2.0M | −€1.2M | −€1.2M | €622,500 | €861,500 | €372,000 |
| Net income | €2.8M | €2.8M | €2.2M | −€1.6M | €2.1M | −€126,000 | −€1.1M | −€152,500 | −€152,500 | −€14.8M | −€8.4M | −€27.4M |
| EBITDA | €2.7M | €2.7M | €1.4M | €1.5M | €1.4M | €850,000 | −€1.7M | −€5.6M | −€5.6M | −€14.8M | −€12.5M | −€6.2M |
| Gross margin | 86.2% | 86.2% | 84.5% | 91.7% | 90.5% | 90.8% | 90.1% | 88.2% | 88.2% | 86.3% | 87.4% | 89.8% |
| Operating margin | 4.2% | 4.2% | 2.6% | 2.9% | 2.7% | 1.6% | −4.0% | −15.1% | −15.1% | −47.5% | −49.3% | −143.7% |
| Net margin | 4.5% | 4.5% | 4.2% | −3.0% | 4.2% | −0.2% | −2.4% | −0.4% | −0.4% | −45.9% | −32.7% | −135.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in euros as reported in CDRO's financial statements (latest annual report filed April 28, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CDRO financial results
In fiscal year 2025 (ended December 31, 2025), Codere Online Luxembourg reported revenue of €210.4 million, up 4.8% from the year before. It had net income of €1.3 million (down 66.9%), a net profit margin of 0.6%. Over five years revenue grew at an average rate of 24.4% a year. Figures are in euros, the currency of its financial statements.
See the CDRO stock overview for the latest quote and news, or the CDRO chart for price history and technical indicators.
CDRO income statement FAQ
What is Codere Online Luxembourg's annual revenue?
Codere Online Luxembourg reported total revenue of €210.4 million for fiscal year 2025, which ended on December 31, 2025. That was up 4.8% from €200.7 million the previous year.
Is Codere Online Luxembourg profitable?
Yes. Codere Online Luxembourg reported net income of €1.3 million in fiscal 2025, a net profit margin of 0.6%; its operating margin was 2.7%.
What is Codere Online Luxembourg's gross margin?
Codere Online Luxembourg's gross margin was 88.1% in fiscal 2025: for every $100 of revenue, Codere Online Luxembourg kept $88 after the direct cost of its products and services.
How fast is Codere Online Luxembourg growing?
Revenue grew 24.4% a year on average over the last five fiscal years, from €70.5 million to €210.4 million.
When does Codere Online Luxembourg's fiscal year end?
Codere Online Luxembourg's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 28, 2026.