Bragg Gaming Group Inc. (BRAG) Key Metrics
BRAG key metrics, 2016–2025
Fiscal year ended December 31, 2025 · eurosBRAG returns How much profit the business earns on the capital it uses.
BRAG financial health Debt, liquidity and how easily interest is covered.
BRAG efficiency & capital use Working capital cycle and where the cash goes.
BRAG returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
BRAG debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
BRAG key metrics in euros
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −11.7% | −7.2% | −5.5% | −5.1% | −14.2% | −96.9% | −76.0% | −210.5% | −399.7% | — |
| Return on invested capital (ROIC) | −5.3% | −4.0% | −0.9% | −1.1% | −15.4% | −3.1% | −53.6% | −141.2% | −146.1% | — |
| Return on assets (ROA) | −7.7% | −4.9% | −3.7% | −3.7% | −9.7% | −38.9% | −20.8% | −88.0% | −239.8% | −240.0% |
| Return on tangible assets | −21.1% | −13.5% | −11.5% | −11.2% | −27.0% | −59.5% | −127.4% | −227.0% | −395.4% | −350.8% |
| Free cash flow margin | 15.7% | −2.0% | 2.2% | −2.6% | −5.4% | 5.9% | −6.7% | −21.9% | −67.2% | −114.0% |
| Financial health | ||||||||||
| Total debt | €7.6M | €10.3M | €5.7M | €7.4M | €600,000 | €726,000 | €1.0M | €586,016 | — | €1.4M |
| Cash & short-term investments | €6.6M | €10.5M | €8.8M | €11.3M | €16.0M | €26.1M | €682,000 | €8.6M | €1.9M | €249,338 |
| Net debt | €943,608 | −€191,000 | −€3.1M | −€3.9M | −€15.4M | −€25.4M | €362,000 | −€8.0M | −€1.9M | €1.2M |
| Debt / equity | 0.12 | 0.14 | 0.08 | 0.11 | 0.01 | 0.02 | 0.16 | 0.02 | — | — |
| Debt / assets | 0.08 | 0.10 | 0.06 | 0.07 | 0.01 | 0.01 | 0.02 | 0.01 | — | 1.18 |
| Net debt / EBITDA | 0.07 | −0.01 | −0.25 | −0.52 | — | — | — | — | — | — |
| Current ratio | 0.97 | 1.14 | 1.04 | 1.22 | 1.76 | 1.23 | 0.40 | 0.96 | 2.63 | 0.36 |
| Quick ratio | 0.97 | 1.14 | 1.04 | 1.15 | 1.60 | 1.22 | 0.35 | 0.96 | 2.63 | 0.36 |
| Interest coverage | -4.6 | -1.3 | -0.4 | -0.8 | -25.9 | -0.3 | -4.6 | — | -36.4 | -8.4 |
| Working capital | −€1.0M | €4.0M | €1.2M | €5.4M | €11.6M | €6.8M | −€12.5M | −€556,327 | €2.1M | −€2.1M |
| Invested capital | €63.5M | €73.3M | €66.9M | €65.6M | €50.8M | €14.5M | €7.0M | €16.9M | €7.2M | −€950,633 |
| Tangible asset value | €1.1M | €4.9M | €193,000 | −€3.8M | €10.6M | €5.7M | −€27.9M | −€30.2M | €2.2M | −€2.2M |
| Net current asset value | −€4.9M | €67,000 | −€4.0M | −€5.1M | €9.8M | €4.6M | −€28.9M | −€30.6M | €2.1M | −€2.1M |
| Capital allocation | ||||||||||
| Dividends paid | €0 | €0 | €0 | €0 | €0 | €0 | €0 | — | — | — |
| Dividends + buybacks / free cash flow | 0.0% | — | 0.0% | — | — | 0.0% | — | — | — | — |
| Capex / revenue | 0.3% | 12.9% | 10.4% | 9.3% | 5.6% | 3.5% | 6.3% | 1.5% | 6.6% | 0.8% |
| Capex / operating cash flow | 2.1% | 118.0% | 82.8% | 137.7% | 2,840.0% | 40.1% | — | — | — | — |
| Capex / depreciation | 0.02 | 0.78 | 0.74 | 0.94 | 0.68 | 0.87 | 0.81 | 0.11 | 1.24 | 0.23 |
| Stock-based compensation / revenue | 1.3% | 0.8% | 2.2% | 4.5% | 8.0% | 4.2% | 6.2% | 111.1% | 38.9% | 2.2% |
| R&D / revenue | — | — | 8.9% | 5.4% | 3.9% | 1.1% | 4.6% | 0.5% | — | 39.2% |
| SG&A / revenue | 24.5% | 37.4% | 38.1% | 40.2% | 45.1% | 22.4% | 44.0% | 108.9% | 126.7% | 286.0% |
| Efficiency | ||||||||||
| Days sales outstanding | 72.4 | 69.3 | 68.8 | 54.1 | 59.3 | 42.6 | 86.4 | 304.0 | 58.1 | 180.3 |
| Days of inventory on hand | — | — | 7.1 | 18.9 | 16.2 | 5.7 | 28.6 | — | — | — |
| Days payables outstanding | 34.4 | 40.9 | 49.5 | 26.7 | 47.9 | 47.3 | 170.2 | 797.2 | 80.7 | 54.9 |
| Cash conversion cycle (days) | 38.1 | 28.4 | 26.4 | 46.4 | 27.7 | 1.1 | -55.2 | -493.2 | -22.6 | 125.4 |
| Receivables turnover | 5.04 | 5.27 | 5.30 | 6.74 | 6.15 | 8.56 | 4.22 | 1.20 | 6.28 | 2.02 |
| Payables turnover | 10.62 | 8.93 | 7.37 | 13.69 | 7.62 | 7.72 | 2.14 | 0.46 | 4.52 | 6.65 |
| Inventory turnover | — | — | 51.42 | 19.26 | 22.46 | 64.13 | 12.75 | — | — | — |
| Asset turnover | 1.01 | 0.97 | 0.90 | 0.90 | 0.75 | 1.23 | 0.46 | 0.11 | 1.17 | 0.65 |
| Average receivables | €20.6M | €19.4M | €17.6M | €12.6M | €9.5M | €8.3M | €6.3M | €3.8M | €1.1M | €537,032 |
| Average payables | €6.2M | €5.4M | €5.9M | €2.9M | €3.9M | €5.8M | €6.8M | €4.9M | €802,119 | €298,326 |
| Average inventory | — | — | €847,500 | €2.1M | €1.3M | €695,500 | €1.1M | — | — | €0 |
| Intangibles / total assets | 62.0% | 64.3% | 67.8% | 70.3% | 66.6% | 47.5% | 78.6% | 77.8% | 66.1% | 5.9% |
Computed from BRAG's annual financial statements (latest annual report filed March 31, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in euros; data from EODHD. Averages use the opening and closing balance of each year.
BRAG valuation and financial ratios
Bragg Gaming earned a return on equity of −11.7% and a return on invested capital of −5.3% in fiscal 2025. It ended the year with €7.6 million of debt and €6.6 million in cash and short-term investments, net debt of €0.9 million.
See the BRAG income statement, the BRAG chart for price history, or the BRAG stock overview for the latest quote and news.
BRAG key metrics FAQ
What is Bragg Gaming's return on equity?
Bragg Gaming's return on equity (ROE) was −11.7% in fiscal 2025: net income of -€7.9 million on average shareholders' equity of €68.0 million.
What is Bragg Gaming's ROIC?
Bragg Gaming's return on invested capital was −5.3% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Bragg Gaming have?
Bragg Gaming had total debt of €7.6 million at the end of fiscal 2025, a debt-to-equity ratio of 0.12 and €0.9 million of net debt (0.07 times EBITDA).
Does Bragg Gaming pay a dividend?
Bragg Gaming did not pay a dividend in fiscal 2025.
What is Bragg Gaming's current ratio?
Bragg Gaming's current ratio was 0.97 at the end of fiscal 2025: current assets were 0.97 times current liabilities.