Gambling.Com Group Ltd Financials

GAMB

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Gambling.Com Group Ltd (GAMB) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI GAMB FY2025 2026-04-22

FY2025 shows a cash-generative, acquisition-led model where reported earnings diverged sharply from operating cash flow.

Between FY2024 and FY2025, net income moved from $30.7M to -$32.9M even as operating cash flow stayed positive, showing the reported loss did not mirror the cash coming in from operations. The same year, goodwill reached $245.7M while capex was only $863K, so the asset build looks driven far more by acquired businesses and intangibles than by physical capacity.

Revenue reached $165.4M in FY2025, so the earnings swing was not caused by a collapsing top line. Free cash flow margin fell to 11.0% from 28.6%, which suggests the larger business converted sales into surplus cash less efficiently during this expansion year.

Liquidity looks adequate but tighter: the current ratio was 1.2x and cash was $15.8M. But long-term debt remained just $3.6M, implying the much larger liability load is not mainly traditional borrowing and that interest service is not the main balance-sheet constraint visible here.

Financial Health Signals

Financial Profile 43/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Gambling.Com Group Ltd's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth

Gambling.Com Group Ltd's revenue surged 30.1% year-over-year to $165.4M, reflecting rapid business expansion. This strong growth earns a score of 72/100.

Leverage

100

Gambling.Com Group Ltd carries a low D/E ratio of 0.03, meaning only $0.03 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Gambling.Com Group Ltd's current ratio of 1.21 is below the typical benchmark, resulting in a score of 19/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

Gambling.Com Group Ltd converts 11.0% of revenue into free cash flow ($18.2M). This strong cash generation earns a score of 68/100.

Returns

Gambling.Com Group Ltd generates a -30.5% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 1/100. This is down from 24.9% the prior year.

Piotroski F-Score Neutral

4/9

Gambling.Com Group Ltd passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Mixed

-0.58x

For every $1 of reported earnings, Gambling.Com Group Ltd generates $-0.58 in operating cash flow ($19.1M OCF vs -$32.9M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Earnings & Revenue

Revenue

$165.4M

YoY+30.1%

5Y CAGR+42.7%

Gambling.Com Group Ltd generated $165.4M in revenue in fiscal year 2025. This represents an increase of 30.1% from the prior year.

EBITDA

N/A

Net Income

-$32.9M

YoY-207.3%

Gambling.Com Group Ltd reported -$32.9M in net income in fiscal year 2025. This represents a decrease of 207.3% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

$18.2M

YoY-49.8%

5Y CAGR+11.0%

Gambling.Com Group Ltd generated $18.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 49.8% from the prior year.

Cash & Debt

$15.8M

YoY+15.2%

5Y CAGR+14.0%

Gambling.Com Group Ltd held $15.8M in cash against $3.6M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

35M

YoY+1.0%

Gambling.Com Group Ltd had 35M shares outstanding in fiscal year 2025. This represents an increase of 1.0% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

-19.9%

YoY-44.0pp

5Y CAGR-74.0pp

Gambling.Com Group Ltd's net profit margin was -19.9% in fiscal year 2025, showing the share of revenue converted to profit. This is down 44.0 percentage points from the prior year.

Return on Equity

-30.5%

YoY-55.4pp

5Y CAGR-74.8pp

Gambling.Com Group Ltd's ROE was -30.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 55.4 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$5.6M

YoY-79.3%

Gambling.Com Group Ltd spent $5.6M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 79.3% from the prior year.

Capital Expenditures

$863K

YoY-34.9%

5Y CAGR+79.7%

Gambling.Com Group Ltd invested $863K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 34.9% from the prior year.

GAMB Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$165.4M+30.1%	$127.2M+17.1%	$108.7M+42.0%	$76.5M+80.8%	$42.3M+51.3%	$28.0M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$324K+30.1%	$249K+50.9%	$165K-9.3%	$182K-3.2%	$188K-7.8%	$204K
Income Tax	$522K-85.0%	$3.5M+84.5%	$1.9M+268.8%	$510K+276.5%	-$289K+93.4%	-$4.4M
Net Income	-$32.9M-207.3%	$30.7M+68.0%	$18.3M+664.0%	$2.4M-80.8%	$12.5M-17.8%	$15.2M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Revenue	N/A	$39.6M	N/A	$30.5M	N/A	$26.0M	N/A	$15.9M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	$78K	N/A	$55K	N/A	$44K	N/A	$45K
Income Tax	N/A	$1.2M	N/A	$723K	N/A	$643K	N/A	$130K
Net Income	N/A	-$13.4M	N/A	$6.9M	N/A	$278K	N/A	$56K
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

GAMB Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$299.7M+67.8%	$178.6M+15.3%	$154.9M+17.5%	$131.8M+44.8%	$91.0M+100.6%	$45.4M
Current Assets	$42.3M+21.2%	$34.9M-26.3%	$47.4M+18.2%	$40.1M-29.2%	$56.5M+311.8%	$13.7M
Cash & Equivalents	$15.8M+15.2%	$13.7M-46.0%	$25.4M-14.3%	$29.7M-41.9%	$51.0M+520.6%	$8.2M
Inventory	N/A	N/A	$0-100.0%	$75K	$0	N/A
Accounts Receivable	$26.5M+25.2%	$21.2M-3.5%	$21.9M+145.0%	$9.0M+62.9%	$5.5M-0.2%	$5.5M
Goodwill	$245.7M+87.8%	$130.8M+1111.2%	$10.8M-87.8%	$88.5M+248.2%	$25.4M+7.9%	$23.6M
Total Liabilities	$191.7M+246.1%	$55.4M+54.1%	$35.9M-23.3%	$46.9M+321.6%	$11.1M-0.5%	$11.2M
Current Liabilities	$35.0M+17.8%	$29.7M-9.2%	$32.7M+19.6%	$27.4M+178.5%	$9.8M+167.7%	$3.7M
Long-Term Debt	$3.6M-6.2%	$3.8M+220.9%	$1.2M-30.1%	$1.7M+32.3%	$1.3M-17.7%	$1.6M
Total Equity	$108.0M-12.4%	$123.2M+3.6%	$118.9M+36.5%	$87.1M+9.0%	$79.9M+133.6%	$34.2M
Retained Earnings	$42.4M-43.7%	$75.3M+68.7%	$44.7M+56.4%	$28.6M+20.0%	$23.8M+109.8%	$11.3M

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Total Assets	$299.7M-3.0%	$309.0M+73.0%	$178.6M+2.0%	$175.1M+13.1%	$154.9M+8.2%	$143.1M+3.1%	$138.9M+5.4%	$131.8M
Current Assets	$42.3M+2.8%	$41.2M+18.0%	$34.9M+23.2%	$28.3M-40.2%	$47.4M+6.3%	$44.6M+6.2%	$42.0M+4.8%	$40.1M
Cash & Equivalents	$15.8M-15.3%	$18.7M+36.0%	$13.7M+82.5%	$7.5M-70.4%	$25.4M-18.8%	$31.3M+5.6%	$29.7M-4.6%	$31.1M
Inventory	N/A	N/A	N/A	N/A	$0-100.0%	$13K-82.7%	$75K	N/A
Accounts Receivable	$26.5M+17.7%	$22.5M+6.3%	$21.2M+1.7%	$20.8M-5.2%	$21.9M+65.6%	$13.2M+8.4%	$12.2M+36.5%	$9.0M
Goodwill	$245.7M-3.7%	$255.1M+95.0%	$130.8M+1111.2%	$10.8M0.0%	$10.8M-88.0%	$89.9M+1.6%	$88.5M+6.6%	$83.1M
Total Liabilities	$191.7M+13.3%	$169.3M+205.6%	$55.4M+6.1%	$52.2M+45.3%	$35.9M-3.9%	$37.4M-27.8%	$51.8M+10.5%	$46.9M
Current Liabilities	$35.0M-50.0%	$70.1M+135.6%	$29.7M+3.8%	$28.6M-12.6%	$32.7M-3.2%	$33.8M+6.7%	$31.7M+15.8%	$27.4M
Long-Term Debt	$3.6M-11.4%	$4.0M+5.9%	$3.8M-12.1%	$4.3M+265.0%	$1.2M-11.7%	$1.3M-11.3%	$1.5M-10.8%	$1.7M
Total Equity	$108.0M-22.7%	$139.7M+13.4%	$123.2M+0.2%	$122.9M+3.4%	$118.9M+12.5%	$105.7M+21.4%	$87.1M+2.5%	$85.0M
Retained Earnings	$42.4M-42.0%	$73.2M-2.9%	$75.3M+27.9%	$58.9M+31.9%	$44.7M+34.2%	$33.3M+26.0%	$26.4M-7.5%	$28.6M

GAMB Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$19.1M-49.2%	$37.6M+110.2%	$17.9M-4.5%	$18.8M+34.0%	$14.0M+28.5%	$10.9M
Capital Expenditures	$863K-34.9%	$1.3M+194.0%	$451K+36.7%	$330K+8.2%	$305K+563.0%	$46K
Free Cash Flow	$18.2M-49.8%	$36.3M+108.0%	$17.5M-5.2%	$18.4M+34.6%	$13.7M+26.2%	$10.8M
Investing Cash Flow	-$98.9M-125.7%	-$43.8M-125.1%	-$19.5M+40.4%	-$32.7M-486.6%	-$5.6M-6093.3%	-$90K
Financing Cash Flow	$81.5M+1653.5%	-$5.2M-66.8%	-$3.1M+57.0%	-$7.3M-120.9%	$35.0M+443.0%	-$10.2M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$5.6M-79.3%	$26.9M+874.7%	$2.8M+692.8%	$348K	N/A	N/A

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$3.4M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$99K
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$3.3M
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-$4.7M
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-$124K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

GAMB Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	-19.9%-44.0pp	24.1%+7.3pp	16.8%+13.7pp	3.1%-26.3pp	29.4%-24.7pp	54.1%
Return on Equity	-30.5%-55.4pp	24.9%+9.6pp	15.3%+12.6pp	2.7%-12.8pp	15.6%-28.7pp	44.3%
Return on Assets	-11.0%-28.2pp	17.2%+5.4pp	11.8%+10.0pp	1.8%-11.9pp	13.7%-19.7pp	33.4%
Current Ratio	1.21+0.0	1.17-0.3	1.45-0.0	1.46-4.3	5.75+2.0	3.74
Debt-to-Equity	0.030.0	0.03+0.0	0.010.0	0.020.0	0.02-0.0	0.05
FCF Margin	11.0%-17.5pp	28.5%+12.5pp	16.1%-8.0pp	24.1%-8.3pp	32.4%-6.4pp	38.8%

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	-33.9%	N/A	22.7%	N/A	1.1%	N/A	0.4%
Return on Equity	N/A	-9.6%	N/A	5.6%	N/A	0.3%	N/A	0.1%
Return on Assets	N/A	-4.3%	N/A	4.0%	N/A	0.2%	N/A	0.0%
Current Ratio	1.21+0.6	0.59-0.6	1.17+0.2	0.99-0.5	1.45+0.1	1.320.0	1.32-0.1	1.46
Debt-to-Equity	0.030.0	0.030.0	0.030.0	0.04+0.0	0.010.0	0.010.0	0.020.0	0.02
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	20.5%

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Frequently Asked Questions

What is Gambling.Com Group Ltd's annual revenue?

Gambling.Com Group Ltd (GAMB) reported $165.4M in total revenue for fiscal year 2025. This represents a 30.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Gambling.Com Group Ltd's revenue growing?

Gambling.Com Group Ltd (GAMB) revenue grew by 30.1% year-over-year, from $127.2M to $165.4M in fiscal year 2025.

Is Gambling.Com Group Ltd profitable?

No, Gambling.Com Group Ltd (GAMB) reported a net income of -$32.9M in fiscal year 2025, with a net profit margin of -19.9%.

How much debt does Gambling.Com Group Ltd have?

As of fiscal year 2025, Gambling.Com Group Ltd (GAMB) had $15.8M in cash and equivalents against $3.6M in long-term debt.

What is Gambling.Com Group Ltd's net profit margin?

Gambling.Com Group Ltd (GAMB) had a net profit margin of -19.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Gambling.Com Group Ltd's return on equity (ROE)?

Gambling.Com Group Ltd (GAMB) has a return on equity of -30.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Gambling.Com Group Ltd's free cash flow?

Gambling.Com Group Ltd (GAMB) generated $18.2M in free cash flow during fiscal year 2025. This represents a -49.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Gambling.Com Group Ltd's operating cash flow?

Gambling.Com Group Ltd (GAMB) generated $19.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Gambling.Com Group Ltd's total assets?

Gambling.Com Group Ltd (GAMB) had $299.7M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Gambling.Com Group Ltd's capital expenditures?

Gambling.Com Group Ltd (GAMB) invested $863K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Gambling.Com Group Ltd buy back shares?

Yes, Gambling.Com Group Ltd (GAMB) spent $5.6M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Gambling.Com Group Ltd have outstanding?

Gambling.Com Group Ltd (GAMB) had 35M shares outstanding as of fiscal year 2025.

What is Gambling.Com Group Ltd's current ratio?

Gambling.Com Group Ltd (GAMB) had a current ratio of 1.21 as of fiscal year 2025, which is considered adequate.

What is Gambling.Com Group Ltd's debt-to-equity ratio?

Gambling.Com Group Ltd (GAMB) had a debt-to-equity ratio of 0.03 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Gambling.Com Group Ltd's return on assets (ROA)?

Gambling.Com Group Ltd (GAMB) had a return on assets of -11.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Gambling.Com Group Ltd's Piotroski F-Score?

Gambling.Com Group Ltd (GAMB) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Gambling.Com Group Ltd's earnings high quality?

Gambling.Com Group Ltd (GAMB) has an earnings quality ratio of -0.58x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Gambling.Com Group Ltd?

Gambling.Com Group Ltd (GAMB) scores 43 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.