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Bragg Gaming Group Inc(BRAG)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for BRAG
11/05/2026: BRAG (1-star) is currently NOT-A-BUY. Pass it for now.
Bragg Gaming Group is a content-driven technology provider that supplies online casino games and distribution platforms to regulated gaming markets. The company has strengthened its business by integrating proprietary game studios and scalable technology, aiming to capture growth from the expanding North American iGaming sector. While it has established a footprint as a reliable B2B player, Bragg faces intense competition from much larger, well-capitalized gaming firms. Key risks include operational execution and the pace of new state legalizations, while the valuation is largely tied to its growth potential in these new markets. The stock may suit growth-focused investors who can tolerate volatility and are monitoring the company's ability to scale proprietary content effectively.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Strong fit while signal remains positive | The company operates in the high-growth, secular-trend market of digital gaming legalization. |
| Momentum investor | Mixed fit | Momentum participation is conditional on a sustained positive upturn signal and relative strength breakout. |
| Value investor | Weak fit | The company's reliance on intangible assets and historical losses makes traditional value metrics difficult to justify. |
| Dividend investor | Weak fit | Bragg is a growth-oriented company that does not pay a dividend. |
| Low-risk investor | Weak fit | High market volatility and the binary nature of regulatory risks make this unsuitable for low-risk portfolios. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | Small-cap gaming stocks often experience significant price swings based on contract wins or regulatory news. |
| Valuation risk | Medium / high | Future earnings expectations are highly dependent on successful execution in competitive US markets. |
| Competition risk (LNW/EVO) | High | Bragg faces significant challenges from dominant players with larger balance sheets and deeper content libraries. |
| Business quality | Medium | The business has successfully transitioned to a B2B model but is still building its long-term brand equity. |
| Dividend income | Low / none | No capital is returned to shareholders via dividends, focusing entirely on growth. |
| Execution risk | Medium / high | Successful integration of acquired studios and hitting growth targets is vital for long-term viability. |
Price Behavior
Steep Decline
The stock price has dropped sharply with strong downward pressure.
Choppy
The stock has experienced frequent reversals and pronounced short-term price swings.
Analysis of Past Performance
Type Stock | Historic Profit -70.18% | Avg. Invested days 16 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  1.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 11/05/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 28.94M USD | Price to earnings Ratio - | 1Y Target Price 5.83 |
Price to earnings Ratio - | 1Y Target Price 5.83 | ||
Volume (30-day avg) 12.3K shares | Beta 0.3 | 52 Weeks Range 0.80 - 2.74 | Updated Date 11/05/2026 |
52 Weeks Range 0.80 - 2.74 | Updated Date 11/05/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.35 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| iGaming Content Royalties | Revenue from licensing proprietary games to operators based on player betting volume. | This is a recurring revenue stream that scales as games become more popular. |
| Platform & Technology Fees | Fees for providing RGS and PAM platforms to casino operators. | These are stable, long-term contracts that provide the base cash flow for the company. |
| Geography (North America/Europe) | Regional distribution of gaming products in licensed markets. | Success depends on obtaining and maintaining licenses in new jurisdictions. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Geography
Geography revenue - Year on Year
Valuation
Trailing PE - | Forward PE 57.8 | Enterprise Value 31.08M | Price to Sales(TTM) 0.28 |
Enterprise Value 31.08M | Price to Sales(TTM) 0.28 | ||
Enterprise Value to Revenue 0.27 | Enterprise Value to EBITDA 1.92 | Shares Outstanding 31.06M | Shares Floating 21.08M |
Shares Outstanding 31.06M | Shares Floating 21.08M | ||
Percent Insiders 27.88 | Percent Institutions 2.99 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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