Bragg Gaming Group Inc (BRAG) - Net Assets
Based on the latest financial reports, Bragg Gaming Group Inc (BRAG) has net assets worth CA$100.94 Million CAD (≈ $73.02 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$159.94 Million ≈ $115.70 Million USD) and total liabilities (CA$59.00 Million ≈ $42.68 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Bragg Gaming Group Inc tangible equity quality to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$100.94 Million |
| % of Total Assets | 63.11% |
| Annual Growth Rate | 27.29% |
| 5-Year Change | 52.49% |
| 10-Year Change | 4576.91% |
| Growth Volatility | 229.98 |
Bragg Gaming Group Inc - Net Assets Trend (2004–2025)
This chart illustrates how Bragg Gaming Group Inc's net assets have evolved over time, based on quarterly financial data. See Bragg Gaming Group Inc (BRAG) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Bragg Gaming Group Inc (2004–2025)
The table below shows the annual net assets of Bragg Gaming Group Inc from 2004 to 2025. For live valuation and market cap data, see BRAG company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$100.94 Million ≈ $73.02 Million |
+37.34% |
| 2024-12-31 | CA$73.50 Million ≈ $53.17 Million |
+4.63% |
| 2023-12-31 | CA$70.25 Million ≈ $50.82 Million |
+1.03% |
| 2022-12-31 | CA$69.53 Million ≈ $50.30 Million |
+5.04% |
| 2021-12-31 | CA$66.19 Million ≈ $47.88 Million |
+65.91% |
| 2020-12-31 | CA$39.90 Million ≈ $28.86 Million |
+503.04% |
| 2019-12-31 | CA$6.62 Million ≈ $4.79 Million |
-74.31% |
| 2018-12-31 | CA$25.76 Million ≈ $18.63 Million |
+183.61% |
| 2017-12-31 | CA$9.08 Million ≈ $6.57 Million |
+320.76% |
| 2016-12-31 | CA$2.16 Million ≈ $1.56 Million |
+121.69% |
| 2015-12-31 | CA$973.58K ≈ $704.27K |
+288.23% |
| 2014-12-31 | CA$250.77K ≈ $181.40K |
-85.48% |
| 2013-12-31 | CA$1.73 Million ≈ $1.25 Million |
+728.94% |
| 2012-12-31 | CA$208.39K ≈ $150.75K |
+3.31% |
| 2011-12-31 | CA$201.71K ≈ $145.91K |
+161.28% |
| 2010-12-31 | CA$-329.15K ≈ $-238.10K |
-123.64% |
| 2009-12-31 | CA$-147.18K ≈ $-106.47K |
-325.39% |
| 2008-12-31 | CA$65.30K ≈ $47.24K |
-86.53% |
| 2007-12-31 | CA$484.81K ≈ $350.70K |
+5.85% |
| 2006-12-31 | CA$458.00K ≈ $331.31K |
-27.06% |
| 2005-12-31 | CA$627.91K ≈ $454.22K |
-1.21% |
| 2004-12-31 | CA$635.62K ≈ $459.80K |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Bragg Gaming Group Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 14376643070.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$215.64 Million | 213.62% |
| Other Comprehensive Income | CA$875.77K | 0.87% |
| Other Components | CA$28.45 Million | 28.19% |
| Total Equity | CA$100.94 Million | 100.00% |
Bragg Gaming Group Inc Competitors by Market Cap
The table below lists competitors of Bragg Gaming Group Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
YM Tech Co. Ltd.
KQ:273640
|
$46.08 Million |
|
Dogwood Therapeutics, Inc.
NASDAQ:DWTX
|
$46.08 Million |
|
IRIS Corporation Bhd
KLSE:0010
|
$46.08 Million |
|
Sotherly Hotels Inc
NASDAQ:SOHO
|
$46.10 Million |
|
Getty Copper Inc.
V:GTC
|
$46.06 Million |
|
Taiwan Enterprise(Cayman)Co
TW:5906
|
$46.06 Million |
|
Lithium South Development Corp
V:LIS
|
$46.05 Million |
|
Soluciones Cuatroochenta S.L.
MC:480S
|
$46.04 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bragg Gaming Group Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 73,499,000 to 100,942,528, a change of 27,443,528 (37.3%).
- Net loss of 12,796,941 reduced equity.
- Other comprehensive income decreased equity by 4,424,227.
- Other factors increased equity by 44,664,696.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-12.80 Million | -12.68% |
| Other Comprehensive Income | CA$-4.42 Million | -4.38% |
| Other Changes | CA$44.66 Million | +44.25% |
| Total Change | CA$- | 37.34% |
Book Value vs Market Value Analysis
This analysis compares Bragg Gaming Group Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.62x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.00x to 0.62x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | CA$524.44 | CA$2.49 | x |
| 2005-12-31 | CA$85.77 | CA$2.49 | x |
| 2006-12-31 | CA$62.56 | CA$2.49 | x |
| 2007-12-31 | CA$22.47 | CA$2.49 | x |
| 2008-12-31 | CA$2.03 | CA$2.49 | x |
| 2009-12-31 | CA$-4.21 | CA$2.49 | x |
| 2010-12-31 | CA$-9.41 | CA$2.49 | x |
| 2011-12-31 | CA$3.30 | CA$2.49 | x |
| 2012-12-31 | CA$2.39 | CA$2.49 | x |
| 2013-12-31 | CA$9.69 | CA$2.49 | x |
| 2014-12-31 | CA$0.90 | CA$2.49 | x |
| 2015-12-31 | CA$2.36 | CA$2.49 | x |
| 2016-12-31 | CA$4.37 | CA$2.49 | x |
| 2017-12-31 | CA$3.31 | CA$2.49 | x |
| 2018-12-31 | CA$8.74 | CA$2.49 | x |
| 2019-12-31 | CA$0.91 | CA$2.49 | x |
| 2020-12-31 | CA$4.64 | CA$2.49 | x |
| 2021-12-31 | CA$3.39 | CA$2.49 | x |
| 2022-12-31 | CA$3.25 | CA$2.49 | x |
| 2023-12-31 | CA$3.11 | CA$2.49 | x |
| 2024-12-31 | CA$3.02 | CA$2.49 | x |
| 2025-12-31 | CA$3.99 | CA$2.49 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bragg Gaming Group Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -12.68%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -7.65%
- • Asset Turnover: 1.05x
- • Equity Multiplier: 1.58x
- Recent ROE (-12.68%) is above the historical average (-269.93%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | -14.83% | 0.00% | 0.00x | 1.03x | CA$-157.80K |
| 2005 | -12.25% | 0.00% | 0.00x | 1.06x | CA$-139.72K |
| 2006 | -25.71% | -616.03% | 0.04x | 1.05x | CA$-163.55K |
| 2007 | -262.75% | 0.00% | -0.03x | 1.29x | CA$-1.32 Million |
| 2008 | -1397.25% | -316.79% | 1.42x | 3.10x | CA$-918.92K |
| 2009 | 0.00% | -73.93% | 1.31x | 0.00x | CA$-213.69K |
| 2010 | 0.00% | -68.79% | 2.01x | 0.00x | CA$-135.89K |
| 2011 | -975.29% | -1154.10% | 0.51x | 1.66x | CA$-1.99 Million |
| 2012 | -970.35% | -1003.80% | 0.19x | 5.21x | CA$-2.04 Million |
| 2013 | -170.52% | -811.56% | 0.13x | 1.62x | CA$-3.12 Million |
| 2014 | -1141.15% | -221.20% | 0.72x | 7.16x | CA$-2.89 Million |
| 2015 | -337.59% | -372.65% | 0.42x | 2.17x | CA$-3.38 Million |
| 2016 | -131.76% | -367.05% | 0.29x | 1.24x | CA$-3.06 Million |
| 2017 | -153.12% | -204.99% | 0.65x | 1.14x | CA$-14.81 Million |
| 2018 | -111.38% | -244.20% | 0.17x | 2.75x | CA$-31.26 Million |
| 2019 | -156.83% | -39.02% | 0.61x | 6.63x | CA$-11.04 Million |
| 2020 | -36.28% | -31.18% | 0.64x | 1.81x | CA$-18.47 Million |
| 2021 | -11.35% | -12.88% | 0.70x | 1.26x | CA$-14.13 Million |
| 2022 | -5.01% | -4.11% | 0.81x | 1.50x | CA$-10.44 Million |
| 2023 | -5.46% | -4.10% | 0.90x | 1.47x | CA$-10.86 Million |
| 2024 | -7.00% | -5.05% | 0.96x | 1.45x | CA$-12.50 Million |
| 2025 | -12.68% | -7.65% | 1.05x | 1.58x | CA$-22.89 Million |
Industry Comparison
This section compares Bragg Gaming Group Inc's net assets metrics with peer companies in the Gambling industry.
Industry Context
- Industry: Gambling
- Average net assets among peers: $17,455,698
- Average return on equity (ROE) among peers: -64.86%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bragg Gaming Group Inc (BRAG) | CA$100.94 Million | -14.83% | 0.58x | $46.07 Million |
| Jackpot Digital Inc (JJ) | $-5.91 Million | 0.00% | 0.00x | $12.14 Million |
| Pollard Banknote Limited (PBL) | $43.58 Million | 17.13% | 2.77x | $333.84 Million |
| Rivalry Corp (RVLY) | $14.70 Million | -211.71% | 0.23x | $315.65K |
About Bragg Gaming Group Inc
Bragg Gaming Group Inc. operates as an iGaming content and technology solutions. The company offers Bragg PAM, a player account management platform; Bragg HUB, an iGaming product delivery solution; and Fuze, a gamification and engagement toolset. It also offers casino content, and marketing and operational services. The company operates in Malta, the Netherlands, the United States, Brazil, Curaça… Read more