Tearsheet

Gambling.com (GAMB)

Market Price (12/15/2025): $5.65 | Market Cap: $201.0 Mil
Sector: Consumer Discretionary | Industry: Casinos & Gaming

Gambling.com (GAMB)

Market Price (12/15/2025): $5.65
Market Cap: $201.0 Mil
Sector: Consumer Discretionary
Industry: Casinos & Gaming

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0	Strong revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 24%	Weak multi-year price returns 2Y Excs Rtn is -88%, 3Y Excs Rtn is -112%	Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.5%
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 28%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 19%
2	Valuation becoming less expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -42%
3	Attractive yield FCF Yield is 10.0%
4	Megatrend and thematic drivers Megatrends include Digital Content & Streaming, Digital Advertising, and Markets & Betting. Themes include Gaming Content & Platforms, Show more.

0	Strong revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 24%
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 28%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 19%
2	Valuation becoming less expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -42%
3	Attractive yield FCF Yield is 10.0%
4	Megatrend and thematic drivers Megatrends include Digital Content & Streaming, Digital Advertising, and Markets & Betting. Themes include Gaming Content & Platforms, Show more.
5	Weak multi-year price returns 2Y Excs Rtn is -88%, 3Y Excs Rtn is -112%
6	Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.5%

Valuation, Metrics & Events

	12/15/25	2024	2023	2022	2021
Share Price CYE	$5.65	$14.08	$9.75	$9.15	$10.15
Market Cap CYE ($ Mil)	201.0	489.1	364.3	333.7	345.7
Total Debt ($ Mil)	88.2	28.0	1.7	2.1	7.6
Total Cash ($ Mil)	7.4	13.7	25.4	29.7	51.0
Enterprise Value ($ Mil)	281.9	517.1	366.0	335.8	353.3
Valuation Ratios
P/S TTM	1.3	4.0	3.3	4.3	7.4
P/EBIT TTM	25.0	13.7	17.2	84.7	24.4
P/E TTM	106.2	16.5	19.8	137.2	25.2
Sector Ratios
P/S TTM (Sector)	11.4	10.5	8.0	5.0	10.4
P/EBIT TTM (Sector)	29.1	31.2	26.5	17.6	29.4
P/E TTM (Sector)	37.5	39.9	36.4	22.9	42.6

	12/15/25	2024	2023
Share Price CYE	$5.65	$14.08	$9.75
Market Cap CYE ($ Mil)	201.0	489.1	364.3
Total Debt ($ Mil)	88.2	28.0	1.7
Total Cash ($ Mil)	7.4	13.7	25.4
Enterprise Value ($ Mil)	281.9	517.1	366.0
Valuation Ratios
P/S TTM	1.3	4.0	3.3
P/EBIT TTM	25.0	13.7	17.2
P/E TTM	106.2	16.5	19.8
Sector Ratios
P/S TTM (Sector)	11.4	10.5	8.0
P/EBIT TTM (Sector)	29.1	31.2	26.5
P/E TTM (Sector)	37.5	39.9	36.4

	GAMB	S&P 500
REVENUE GROWTH	VERY GOOD
Rev LTM ($ Bil)	0.2
Rev Chg Q	21.4%	15.9%
Rev Chg LTM	24.2%	13.2%
Rev Chg 3Y Avg	33.6%	12.2%
PROFITABILITY	FAIR
Op Inc LTM ($ Bil)	0.0
CFO LTM ($ Bil)	0.0
Net Inc LTM ($ Bil)	0.0
Op Mgn LTM	23.1%	37.5%
CFO/Rev LTM	27.7%	35.5%
Net Inc Mgn	1.2%	27.6%
VALUATION	LOW
P/S	1.3	11.4
P/CFO	4.7	30.6
P/FCF	6.9	54.0
P/E	106.1	37.5
STABILITY	FAIR
Debt/Equity	0.30	0.03
Cash/Assets	0.02	0.16

AI Generated Analysis | Feedback

Metric	Value	Date	Source
New Depositing Customers	more than 145,000	12312024	Link
New Customers Sent to Partners	479000	12312024	Link

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GAMB Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

AI Generated Analysis | Feedback

Here are the key points for why Gambling.com (GAMB) stock moved by approximately -35.6% from August 31, 2025, to December 15, 2025:

1. Q2 2025 Earnings Report and Initial Guidance Cut: Gambling.com Group reported its second-quarter 2025 earnings in mid-August, revealing a net loss of $13.42 million compared to a net income in the prior year, despite sales growth. Following these results, Stifel lowered its price target for GAMB and reduced its fiscal year 2025 adjusted EBITDA guidance by 7% at the midpoint. This guidance cut was attributed to challenges related to generative AI growth, a temporary disruption to search rankings from an early third-quarter Google algorithm update, and increased investments in alternative marketing channels.

2. Q3 2025 Earnings Miss and Further Guidance Reduction: On November 13, 2025, Gambling.com Group's third-quarter earnings report showed that while EPS exceeded forecasts, revenue of $38.98 million was lower than the expected $41.25 million. The marketing business segment experienced flat year-on-year revenue due to less favorable search rankings, and adjusted EBITDA grew only 3% year-over-year, with adjusted net income falling 16%. Consequently, the company revised its annual revenue forecast for 2025 to approximately $165 million and further cut its EBITDA forecast by 7%. This announcement led to a significant 20.2% drop in GAMB shares in premarket trading.

3. Widespread Analyst Downgrades and Price Target Reductions: Throughout the period, several brokerage firms either downgraded Gambling.com's stock or significantly reduced their price targets, indicating a loss of confidence. For instance, on August 16, 2025, Wall Street Zen downgraded the stock from "buy" to "hold." In November 2025, Macquarie reduced its price target from $14.00 to $9.00, Truist Financial decreased its target from $9.00 to $7.00, and Stifel Nicolaus lowered its target to $12.00 from $15.00. Additionally, BTIG downgraded GAMB from a "Strong Buy" to a "Hold."

4. Negative Impact of Google Algorithm Changes and Generative AI: A recurring theme in analyst reports and company statements was the adverse effect of evolving Google algorithms and the rise of generative AI on Gambling.com's core search business. These factors led to temporary disruptions in search rankings and were cited as primary reasons for the reduced EBITDA guidance and challenges in the marketing segment.

5. Sustained Bearish Market Sentiment and Technical Signals: The stock experienced ongoing volatility and consistent declines during the period, with a reported 14.5% drop over one month and 52.3% year-to-date as of early November 2025. Technical analyses in December 2025 indicated a strong bearish trend with negative moving average signals, and StockInvest.us downgraded the stock to a "Sell Candidate" on December 12, 2025, further reflecting a negative outlook.

Show less

Stock Movement Drivers

Fundamental Drivers

The -30.3% change in GAMB stock from 9/14/2025 to 12/14/2025 was primarily driven by a -87.3% change in the company's Net Income Margin (%).

	9142025	12142025	Change
Stock Price ($)	8.06	5.62	-30.27%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	147.66	154.52	4.65%
Net Income Margin (%)	9.66%	1.23%	-87.31%
P/E Multiple	20.16	105.58	423.66%
Shares Outstanding (Mil)	35.68	35.58	0.27%
Cumulative Contribution			-30.27%

LTM = Last Twelve Months as of date shown

Market Drivers

9/14/2025 to 12/14/2025

	Return	Correlation
GAMB	-30.3%
Market (SPY)	3.7%	55.3%
Sector (XLY)	1.3%	49.8%

Fundamental Drivers

The -52.2% change in GAMB stock from 6/15/2025 to 12/14/2025 was primarily driven by a -95.1% change in the company's Net Income Margin (%).

	6152025	12142025	Change
Stock Price ($)	11.76	5.62	-52.21%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	138.60	154.52	11.48%
Net Income Margin (%)	24.97%	1.23%	-95.09%
P/E Multiple	12.09	105.58	773.47%
Shares Outstanding (Mil)	35.57	35.58	-0.03%
Cumulative Contribution			-52.21%

LTM = Last Twelve Months as of date shown

Market Drivers

6/15/2025 to 12/14/2025

	Return	Correlation
GAMB	-52.2%
Market (SPY)	14.5%	50.8%
Sector (XLY)	14.5%	45.7%

Fundamental Drivers

The -63.7% change in GAMB stock from 12/14/2024 to 12/14/2025 was primarily driven by a -94.8% change in the company's Net Income Margin (%).

	12142024	12142025	Change
Stock Price ($)	15.50	5.62	-63.74%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	124.40	154.52	24.21%
Net Income Margin (%)	23.40%	1.23%	-94.76%
P/E Multiple	18.95	105.58	457.16%
Shares Outstanding (Mil)	35.59	35.58	0.03%
Cumulative Contribution			-63.74%

LTM = Last Twelve Months as of date shown

Market Drivers

12/14/2024 to 12/14/2025

	Return	Correlation
GAMB	-63.7%
Market (SPY)	13.9%	50.4%
Sector (XLY)	3.4%	52.2%

Fundamental Drivers

The -36.9% change in GAMB stock from 12/15/2022 to 12/14/2025 was primarily driven by a -89.5% change in the company's Net Income Margin (%).

	12152022	12142025	Change
Stock Price ($)	8.90	5.62	-36.85%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	65.45	154.52	136.09%
Net Income Margin (%)	11.72%	1.23%	-89.54%
P/E Multiple	42.31	105.58	149.55%
Shares Outstanding (Mil)	36.47	35.58	2.43%
Cumulative Contribution			-36.89%

LTM = Last Twelve Months as of date shown

Market Drivers

12/15/2023 to 12/14/2025

	Return	Correlation
GAMB	-40.2%
Market (SPY)	48.0%	40.5%
Sector (XLY)	37.0%	41.5%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
GAMB Return	�	�	-10%	7%	44%	-59%	�
Peers Return	�	�	-49%	66%	54%	3%	�
S&P 500 Return	16%	27%	-19%	24%	23%	16%	111%
Monthly Win Rates [3]
GAMB Win Rate	�	40%	42%	67%	50%	42%
Peers Win Rate	�	33%	32%	57%	58%	62%
S&P 500 Win Rate	58%	75%	42%	67%	75%	73%
Max Drawdowns [4]
GAMB Max Drawdown	�	�	-34%	-4%	-22%	-67%
Peers Max Drawdown	�	�	-61%	-14%	-21%	-23%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: GENI, FLUT, DKNG, PENN, RSI.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/12/2025 (YTD)

How Low Can It Go

Unique Key	Event	GAMB	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-59.8%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	148.5%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	847 days	464 days

Compare to CHDN, BYD, MCRI, FLL, LVS

In The Past

Gambling.com's stock fell -59.8% during the 2022 Inflation Shock from a high on 11/1/2021. A -59.8% loss requires a 148.5% gain to breakeven.

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About Gambling.com (GAMB)

Gambling.com Group Limited operates as a performance marketing company for the online gambling industry worldwide. The company provides digital marketing services for the iGaming and sports betting. It publishes various branded websites, including Gambling.com and Bookies.com. Gambling.com Group Limited was incorporated in 2006 and is based in St. Helier, Jersey.

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NerdWallet for online casinos and sportsbooks.

TripAdvisor for online gambling sites.

A lead generation platform like LendingTree, but for the online gambling industry.

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Online Gambling Information and Comparison Websites: A portfolio of digital platforms that provide reviews, comparisons, news, and guides for regulated online casinos, sportsbooks, and poker sites to help consumers make informed choices.
Performance Marketing Services: Facilitating customer acquisition for online gambling operators by referring new users to their platforms, generating revenue through commission-based agreements.

AI Generated Analysis | Feedback

Gambling.com Group Plc (symbol: GAMB) primarily operates on a Business-to-Business (B2B) model, providing performance marketing services to other companies in the online gambling industry. They specialize in generating and acquiring new depositing players for online gambling operators.

While Gambling.com Group does not publicly disclose the names of its individual major customers in its financial filings (as no single customer appears to account for 10% or more of its revenue, though its top five customers collectively generate approximately 30% of revenue), its customer base consists of leading online gambling operators. These operators utilize Gambling.com's extensive network of websites and marketing expertise to attract new players to their sportsbooks, online casinos, and poker rooms.

Based on the nature of their business and the prominent players in the regulated iGaming market, Gambling.com Group's customers would typically include major online gambling operators such as:

DraftKings Inc. (NASDAQ: DKNG)
FanDuel (a subsidiary of Flutter Entertainment plc - LSE: FLTR, OTC: PDYPY)
BetMGM (a joint venture between MGM Resorts International - NYSE: MGM and Entain plc - LSE: ENT)
Caesars Entertainment, Inc. (NASDAQ: CZR)
Other national and international online sports betting and casino brands.

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Alphabet Inc. (GOOGL)
Amazon.com, Inc. (AMZN)

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Charles Gillespie, Chief Executive Officer and Co-Founder

Charles Gillespie co-founded Gambling.com Group Plc in 2006, initially known as World Sports Network, and has served as its Chief Executive and on the board of directors since its inception. He led the company's strategic shift from an East Asia focus to regulated European markets in 2010, and secured the Gambling.com domain name in 2011. Under his leadership, the company launched an M&A strategy in 2017, raising EUR 16m for expansion through acquisitions, and further directed the acquisition of key sports betting assets like bookies.com and bookmakers.com in anticipation of the US regulated market. He oversaw the company's Nasdaq listing in 2021. Charles studied Political Science and Entrepreneurship at the University of North Carolina at Chapel Hill. He has built a reputation as a recognized leader, receiving the Sports Betting Community Leader of the Year award in 2019.

Elias Mark, Chief Financial Officer

Elias Mark has served as the Chief Financial Officer of Gambling.com Group since 2016. Prior to joining the company, Mr. Mark was a founding partner and a member of the investment advisory team at Ampezzo Capital PCC Ltd, a technology and Internet-focused private equity firm, from January 2010 to December 2014. He also served as CFO at Whispr Group from March 2015 to December 2016.

Kevin McCrystle, Chief Operating Officer and Co-Founder

Kevin McCrystle co-founded Gambling.com Group (originally World Sports Network) in 2006 and has held the position of Chief Operating Officer since 2007. He has been instrumental in developing and implementing strategies across product, marketing, content, and sales functions, as well as integrating key acquisitions. In 2020, Mr. McCrystle relocated to the company's US headquarters in Charlotte to oversee the development of the North American market.

Ellen Monaghan, Senior Vice President, People

Ellen Monaghan is the Senior Vice President, People at Gambling.com Group, a position she has held since September 2023. She joined the company in December 2015 and has served in various HR-related roles, including Vice President, People (since December 2020), Director of People Operations (from December 2018 to December 2020), People Operations Manager (from December 2017 to December 2018), and HR Business Partner (from December 2015 to December 2017). Before joining Gambling.com Group, Ms. Monaghan was the Manager—Office and Facilities Management at Openet and also worked as an ICT Recruitment Consultant at RECRUITERS and a Banking & Finance Consultant at HRM.

Max Bichsel, Executive Vice President, North America

Max Bichsel serves as the Executive Vice President, North America, at Gambling.com Group, a role he has held since January 2024. He joined the company in 2019 and previously held leadership positions such as Vice President of the U.S. business and Vice President of Sports. Prior to his tenure at Gambling.com Group, Mr. Bichsel was the U.S. director of sales for Kambi, where he played a significant role in establishing the company's position in the sports betting supplier market. He also held various sales and business development roles at other companies, including Selligent, Powa Technologies, and HookLogic, which was acquired by Criteo. Mr. Bichsel also serves as Chair of the Responsible Gambling Affiliates Association (RGAA).

AI Generated Analysis | Feedback

Evolving search engine algorithms and AI-powered search results are a clear emerging threat. Google's continuous updates (e.g., Helpful Content System, Spam Updates) increasingly penalize large-scale content and affiliate sites perceived as lacking original expertise or authority. Furthermore, the rise of AI Overviews and Search Generative Experience (SGE) in search results provides direct, synthesized answers, reducing the need for users to click through to traditional affiliate review and comparison websites, thereby threatening a primary source of traffic and conversions for Gambling.com.
The proliferation and increasing sophistication of generative AI models and personal assistants pose a direct threat. As users increasingly turn to AI chatbots (e.g., ChatGPT, Gemini) or AI-powered virtual assistants for recommendations and information regarding online gambling operators, they may bypass traditional affiliate websites entirely. These AI platforms could either directly recommend operators or synthesize information in a way that does not direct traffic to Gambling.com's portfolio of sites, thus disintermediating their core business model.

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The addressable markets for Gambling.com Group's main products and services, primarily performance marketing for online gambling operators, are substantial across various regions and segments.

Global Online Gambling (iGaming) Market

The global online gambling market, which includes online casinos, sports betting, poker, and other iGaming verticals, was estimated at USD 78.66 billion in 2024. It is projected to reach USD 153.57 billion by 2030, demonstrating a compound annual growth rate (CAGR) of 11.9% from 2025 to 2030. Another projection estimates the global iGaming market to reach $107.3 billion by the end of 2025. The global online gambling market is also projected to reach $127.3 billion by 2027, with an 11.5% CAGR.

U.S. Online Gambling & Betting Market

The U.S. online gambling and betting market was valued at approximately USD 11.92 billion in 2023. This market is projected to grow to about USD 36.52 billion by 2032, with a CAGR of roughly 13.30% between 2024 and 2032. For 2025, the U.S. online gambling market is estimated to generate USD 5.97 billion and is forecast to climb to USD 12.81 billion by 2030, reflecting a 16.50% CAGR. The U.S. online gambling market for iGaming alone reached USD 8.41 billion in 2024.

U.S. Online Sports Betting Market

The U.S. sports betting market size was estimated at USD 17.94 billion in 2024. It is expected to grow at a CAGR of 10.9% from 2025 to 2030, reaching USD 33.18 billion by 2030. Online sports betting accounted for 48.56% of the U.S. online gambling market share in 2024.

U.S. Online Casino (iGaming) Market

Within the U.S. online gambling market, casino gaming is projected to be the fastest-growing segment, with a projected CAGR of 13.66% through 2030. Michigan, for instance, reported USD 2.9 billion in iGaming revenue in 2024.

U.S. Social Casino Market

The U.S. social casino market is projected to grow to USD 11.20 billion by 2028, indicating an 8.8% compound annual growth rate.

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Gambling.com Group (NASDAQ: GAMB) is expected to drive future revenue growth over the next two to three years through a combination of strategic acquisitions, expansion into new regulated markets, and diversification of its revenue streams beyond traditional search engine optimization (SEO) focused affiliate marketing.

Here are 3-5 expected drivers of future revenue growth:

Expansion into New North American Markets: Gambling.com Group anticipates continued growth from the expansion of regulated online sports betting and iGaming in North America. The launch of sports betting in new states, such as Missouri in December 2025, is expected to contribute to revenue growth. The company projects a return to year-over-year growth in North America for 2025.
Diversification into Sports Data Services: The company is increasingly diversifying its revenue streams beyond traditional affiliate marketing by growing its sports data services business. This segment, significantly bolstered by acquisitions like OddsJam and OpticOdds, quadrupled its revenue year-over-year in Q2 2025 and now accounts for over 25% of total revenue. This growth is largely driven by high-margin, recurring subscription revenue and increased adoption by operators.
Strategic Acquisitions and New Verticals: Gambling.com Group utilizes strategic acquisitions to expand its offerings and market reach. The acquisition of Spotlight.Vegas, expected to close in early September 2025, is projected to generate at least $8 million in net revenue and $1.4 million in incremental Adjusted EBITDA for the 2026 full-year period. This acquisition also diversifies the company into Las Vegas entertainment bookings and provides access to new clients, including entertainment venues and land-based casinos. Previous acquisitions like Freebets.com (April 2024) and OddsJam/OpticOdds (January 2025) have also contributed to bolstering its presence in existing and new product categories.
Growth from Existing Products and Omnichannel Approach: The company is focused on enhancing and expanding its existing portfolio, including refreshing products like RotoWire, and increasing operator adoption of its data services such as OpticOdds. Furthermore, Gambling.com Group is shifting towards a more omnichannel approach, moving away from solely relying on traditional search channels to engage with end-users through various platforms, thereby increasing the monetization of its expanding consumer audience with additional products and services.

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Below is a summary of Gambling.com (GAMB) capital allocation decisions over the last 3-5 years:

Share Repurchases

Gambling.com Group announced an equity buyback plan on November 17, 2022, and by March 31, 2025, had repurchased 3,288,665 shares for $29.98 million.
The company expanded its share buyback authorization by an additional $10 million in November 2024. This further expanded by $10 million in August 2025.
Quarterly stock buybacks include $2.00 million by December 31, 2023, $756.39K by June 30, 2023, and $347.60K by December 31, 2022.

Share Issuance

Gambling.com Group Limited completed its initial public offering (IPO) on July 27, 2021, issuing 5,250,000 ordinary shares at $8.00 per share.
The underwriters had a 30-day option to purchase up to an additional 787,500 ordinary shares from the Company at the IPO price.

Outbound Investments

On January 1, 2025, Gambling.com Group closed its acquisition of Odds Holdings Inc. (parent company of OddsJam and OpticOdds) for $70 million in cash and $10 million in GAMB shares. This acquisition is expected to contribute approximately $14.5 million in incremental Adjusted EBITDA in 2025.
In April 2024, the company finalized the acquisition of North American assets from XLMedia.
Gambling.com announced the acquisition of Spotlight.Vegas in Q2 2025, with an expected closing in early September. The deal involves an $8 million payment at closing and up to an additional $22 million contingent on performance targets through 2027. Spotlight.Vegas is anticipated to generate at least $8 million in net revenue and $1.4 million in incremental Adjusted EBITDA in 2026.

Capital Expenditures

For the last 12 months, capital expenditures were -$949,000.
Gambling.com defines Free Cash Flow as cash flow from operating activities less capital expenditures, including those related to internal development, ongoing maintenance, and acquisition of property and equipment in the ordinary course of business.

Better Bets than Gambling.com (GAMB)

	GAMB	Better Performance than GAMB
Metric	Value	INDUSTRY: Casinos & Gaming
Rev Chg LTM	24.2%	SBET (239.0%)
Rev Chg 3Y Avg	33.6%	LVS (51.6%), DKNG (45.2%)
Op Mgn LTM	23.1%	RRR (30.7%), BRSL (26.4%), LNW (25.8%), CHDN (25.1%), BYD (23.1%)
CFO/Rev LTM	27.7%	MCRI (30.5%), RRR (30.1%), CHDN (27.9%)
FCF/Rev LTM	18.8%	MCRI (22.7%)
Total Yield	0.9%	BYD (27.0%), LVS (6.4%), CHDN (5.9%), LNW (5.7%), WYNN (5.2%)
P/S	1.3	PENN (0.4), CZR (0.5), MGM (0.5), ACEL (0.7), GDEN (1.0)
P/Op Inc	8.2	CZR (2.7), BRSL (5.1), RRR (5.9), MGM (6.9), BYD (7.4)

	GAMB	Better Performance than GAMB
Metric	Value	SECTOR: Consumer Discretionary
Rev Chg LTM	24.2%	CVNA (45.5%), MELI (36.9%), ONON (33.3%), RIVN (28.2%), DASH (24.5%)
Rev Chg 3Y Avg	33.6%	LVS (51.6%), CCL (45.9%), ONON (41.0%), MELI (39.5%), RCL (37.7%)
Op Mgn LTM	23.1%	MCD (46.1%), BKNG (34.5%), YUM (30.8%), RCL (26.4%), GRMN (25.6%)
CFO/Rev LTM	27.7%	MCD (39.9%), ABNB (38.4%), MELI (37.5%), RCL (36.2%), BKNG (33.2%)
FCF/Rev LTM	18.8%	ABNB (38.4%), MELI (32.9%), BKNG (31.9%), MCD (28.1%), HLT (19.6%)
Total Yield	0.9%	HD (6.6%), MCD (6.2%), TJX (4.3%), BKNG (3.6%), AMZN (3.0%)
P/S	1.3	F (0.3), GM (0.3), GPC (0.8), LEN (0.9), DKS (1.3)
P/Op Inc	8.2	TOL (6.4), MGA (6.7), MGM (6.9), GM (7.1), PHM (7.6)

	GAMB	Better Performance than GAMB
Metric	Value	ALL OTHER SECTORS
Rev Chg LTM	24.2%	NVDA (65.2%), PLTR (47.2%), LLY (36.8%), AMD (31.8%), AVGO (28.0%)
Rev Chg 3Y Avg	33.6%	NVDA (91.6%), APO (89.3%), HOOD (47.5%), KKR (44.5%), APP (36.0%)
Op Mgn LTM	23.1%	NVDA (58.8%), MSFT (46.3%), AVGO (39.0%), GOOGL (32.2%), AAPL (31.9%)
CFO/Rev LTM	27.7%	META (56.8%), MSFT (50.0%), NVDA (44.4%), AVGO (42.4%), GOOGL (39.3%)
FCF/Rev LTM	18.8%	AVGO (41.6%), NVDA (41.3%), MSFT (26.6%), AAPL (23.5%), GOOGL (19.1%)
Total Yield	0.9%	GOOGL (4.6%), MSFT (3.4%), AAPL (3.0%), NVDA (2.2%), AVGO (1.5%)
P/S	1.3	CVS (0.2), MCK (0.2), UNH (0.7), CMCSA (0.9), WMT (1.2)
P/Op Inc	8.2	CMCSA (5.2), VZ (5.9), CNQ (7.4), BUD (7.7), BMY (8.0)

		Best Bets In Consumer Discretionary Sector
	GAMB	ABNB	BKNG	MCD	ETSY	LOPE	ALSN	GRMN	CROX	WH	YUM
What You Pay
P/E	105.6	28.2	34.7	25.7	36.2	28.8	10.2	30.2	19.7	18.1	29.2
P/EBIT	24.9	27.4	20.8	17.7	15.9	19.2	7.5	26.7	17.2	10.6	16.9
What You Get
Rev Chg Q	21.4%	9.7%	12.7%	3.0%	2.4%	9.6%	-15.9%	11.7%	3.4%	-3.5%	8.4%
Rev Chg LTM	24.2%	10.2%	13.0%	1.2%	2.0%	7.0%	-4.2%	16.6%	2.0%	3.4%	11.6%
Rev Chg 3Y Avg	33.6%	14.2%	17.8%	4.2%	4.9%	6.5%	4.6%	12.2%	14.5%	-2.5%	6.4%
FCF/Rev 3Y Avg	9.4%	40.2%	35.6%	27.4%	23.8%	21.8%	21.0%	20.5%	19.8%	19.0%	18.9%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 14%, alpha of 2.9%, and sharpe of 0.61

Latest Trefis Analyses

	Title	Topic
0	DASHBOARDS
1	Would You Still Hold Gambling.com Stock If It Fell Another 30%?	Return

	Title
0	ARTICLES

Trade Ideas

Select past ideas related to GAMB. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
BBWI_11302025_Dip_Buyer_1M_Insider_Buying_GTE_1Mil_EBITp+DE	11302025	BBWI	Bath & Body Works	Dip Buy	DB \| Insider Buys \| Low D/EDip Buy with Strong Insider Buying Buying dips for companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap	15.2%	15.2%	0.0%
HRB_11262025_Dip_Buyer_FCFYield	11262025	HRB	H&R Block	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	4.8%	4.8%	-0.1%
LRN_11262025_Dip_Buyer_FCFYield	11262025	LRN	Stride	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	1.1%	1.1%	-4.4%
ABNB_11212025_Dip_Buyer_FCFYield	11212025	ABNB	Airbnb	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	12.4%	12.4%	0.0%
MTN_11212025_Dip_Buyer_FCFYield	11212025	MTN	Vail Resorts	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	17.9%	17.9%	-1.6%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
BBWI_11302025_Dip_Buyer_1M_Insider_Buying_GTE_1Mil_EBITp+DE	11302025	BBWI	Bath & Body Works	Dip Buy	DB \| Insider Buys \| Low D/EDip Buy with Strong Insider Buying Buying dips for companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap	15.2%	15.2%	0.0%
HRB_11262025_Dip_Buyer_FCFYield	11262025	HRB	H&R Block	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	4.8%	4.8%	-0.1%
LRN_11262025_Dip_Buyer_FCFYield	11262025	LRN	Stride	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	1.1%	1.1%	-4.4%
ABNB_11212025_Dip_Buyer_FCFYield	11212025	ABNB	Airbnb	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	12.4%	12.4%	0.0%
MTN_11212025_Dip_Buyer_FCFYield	11212025	MTN	Vail Resorts	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	17.9%	17.9%	-1.6%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
TLRY	Tilray Brands	12.9	44.1%	-8.6%
RZLT	Rezolute	0.2	28.6%	-63.3%
CRON	Cronos	1.3	14.7%	61.9%
YOU	Clear Secure	4.0	13.3%	58.5%
RIVN	Rivian Automotive	22.5	12.1%	38.5%
EVCM	EverCommerce	2.2	10.9%	9.7%
LULU	Lululemon Athletica	24.5	9.6%	-46.4%
NX	Quanex Building Products	0.8	9.5%	-30.9%
OXM	Oxford Industries	0.5	9.4%	-53.1%
IIPR	Innovative Industrial Properties	1.6	8.9%	-5.9%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
FRMI	Fermi	7.1	-33.8%
LENZ	LENZ Therapeutics	0.5	-26.0%	-37.2%
AIP	Arteris	0.7	-17.2%	59.9%
MOD	Modine Manufacturing	7.4	-15.3%	20.7%
FBYD	Falcons Beyond Global	0.4	-15.2%	40.7%
OKLO	Oklo	12.2	-15.1%	311.8%
SEI	Solaris Energy Infrastructure	2.0	-14.8%	62.6%
SNDK	SanDisk	30.1	-14.7%
NXDR	Nextdoor	0.9	-14.4%
RCUS	Arcus Biosciences	2.3	-14.4%	44.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
WVE	WAVE Life Sciences	2.7	121.1%	33.9%
TLRY	Tilray Brands	12.9	65.3%	-8.6%
TERN	Terns Pharmaceuticals	4.1	53.3%	712.3%
PLAB	Photronics	2.1	50.4%	54.1%
FULC	Fulcrum Therapeutics	0.8	46.1%	176.6%
WRBY	Warby Parker	3.4	46.0%	13.2%
PL	Planet Labs PBC	5.5	42.8%	351.5%
ALEX	Alexander & Baldwin	1.5	37.5%	22.5%
KYMR	Kymera Therapeutics	7.8	34.6%	122.9%
CRON	Cronos	1.3	31.3%	61.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
RZLT	Rezolute	0.2	-82.7%	-63.3%
FBYD	Falcons Beyond Global	0.4	-44.0%	40.7%
FRMI	Fermi	7.1	-33.4%
LENZ	LENZ Therapeutics	0.5	-32.1%	-37.2%
GOGO	Gogo	0.7	-27.9%	-37.1%
ELVN	Enliven Therapeutics	0.9	-22.7%	-25.1%
CRK	Comstock Resources	6.3	-20.8%	18.9%
BE	Bloom Energy	22.3	-20.3%	327.6%
PHR	Phreesia	1.0	-19.9%	-35.4%
MVST	Microvast	1.0	-19.7%	45.4%

1 Month Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
OLMA	Olema Pharmaceuticals	2.8	310.0%	466.9%
WVE	WAVE Life Sciences	2.7	138.1%	33.9%
TERN	Terns Pharmaceuticals	4.1	121.7%	712.3%
ALMS	Alumis	0.9	119.3%	46.2%
CDTX	Cidara Therapeutics	5.9	106.0%	720.9%
SGML	Sigma Lithium	1.2	87.2%	-2.6%
ANNX	Annexon	0.7	75.0%	-3.1%
NUVB	Nuvation Bio	2.9	71.0%	216.9%
ARWR	Arrowhead Pharmaceuticals	9.7	69.2%	272.8%
SVRA	Savara	1.5	68.0%	125.4%

1 Month Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
RZLT	Rezolute	0.2	-82.0%	-63.3%
FRMI	Fermi	7.1	-53.6%
JANX	Janux Therapeutics	0.9	-46.4%	-71.4%
UP	Wheels Up Experience	0.5	-41.9%	-57.4%
AGIO	Agios Pharmaceuticals	1.6	-37.5%	-17.0%
ARDT	Ardent Health	1.2	-37.4%	-48.5%
CTEV	Claritev	0.6	-36.1%
METC	Ramaco Resources	1.0	-35.9%	54.3%
QURE	uniQure	1.1	-35.2%	10.5%
IBTA	Ibotta	0.6	-34.6%	-67.1%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
TLRY	Tilray Brands	12.9	44.1%	-8.6%
RZLT	Rezolute	0.2	28.6%	-63.3%
CRON	Cronos	1.3	14.7%	61.9%
YOU	Clear Secure	4.0	13.3%	58.5%
RIVN	Rivian Automotive	22.5	12.1%	38.5%
EVCM	EverCommerce	2.2	10.9%	9.7%
LULU	Lululemon Athletica	24.5	9.6%	-46.4%
NX	Quanex Building Products	0.8	9.5%	-30.9%
OXM	Oxford Industries	0.5	9.4%	-53.1%
IIPR	Innovative Industrial Properties	1.6	8.9%	-5.9%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
FRMI	Fermi	7.1	-33.8%
LENZ	LENZ Therapeutics	0.5	-26.0%	-37.2%
AIP	Arteris	0.7	-17.2%	59.9%
MOD	Modine Manufacturing	7.4	-15.3%	20.7%
FBYD	Falcons Beyond Global	0.4	-15.2%	40.7%
OKLO	Oklo	12.2	-15.1%	311.8%
SEI	Solaris Energy Infrastructure	2.0	-14.8%	62.6%
SNDK	SanDisk	30.1	-14.7%
NXDR	Nextdoor	0.9	-14.4%
RCUS	Arcus Biosciences	2.3	-14.4%	44.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
WVE	WAVE Life Sciences	2.7	121.1%	33.9%
TLRY	Tilray Brands	12.9	65.3%	-8.6%
TERN	Terns Pharmaceuticals	4.1	53.3%	712.3%
PLAB	Photronics	2.1	50.4%	54.1%
FULC	Fulcrum Therapeutics	0.8	46.1%	176.6%
WRBY	Warby Parker	3.4	46.0%	13.2%
PL	Planet Labs PBC	5.5	42.8%	351.5%
ALEX	Alexander & Baldwin	1.5	37.5%	22.5%
KYMR	Kymera Therapeutics	7.8	34.6%	122.9%
CRON	Cronos	1.3	31.3%	61.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
RZLT	Rezolute	0.2	-82.7%	-63.3%
FBYD	Falcons Beyond Global	0.4	-44.0%	40.7%
FRMI	Fermi	7.1	-33.4%
LENZ	LENZ Therapeutics	0.5	-32.1%	-37.2%
GOGO	Gogo	0.7	-27.9%	-37.1%
ELVN	Enliven Therapeutics	0.9	-22.7%	-25.1%
CRK	Comstock Resources	6.3	-20.8%	18.9%
BE	Bloom Energy	22.3	-20.3%	327.6%
PHR	Phreesia	1.0	-19.9%	-35.4%
MVST	Microvast	1.0	-19.7%	45.4%

Peer Comparisons for Gambling.com

Peers to compare with:

Financials

	GAMB	GENI	FLUT	DKNG	PENN	RSI	Median
Name	Gambling.	Genius S.	Flutter .	DraftKin.	PENN Ent.	Rush Str.
Mkt Price	5.62	10.96	223.04	35.52	14.28	19.30	16.79
Mkt Cap	0.2	2.8	39.3	17.6	2.0	1.9	2.4
Rev LTM	155	605	15,438	5,458	6,824	1,064	3,261
Op Inc LTM	36	-129	574	-307	225	70	53
FCF LTM	29	6	742	532	-212	89	59
FCF 3Y Avg	13	-30	-	78	-51	30	13
CFO LTM	43	84	1,408	668	504	122	313
CFO 3Y Avg	30	32	-	203	445	63	63

Growth & Margins

	GAMB	GENI	FLUT	DKNG	PENN	RSI	Median
Name	Gambling.	Genius S.	Flutter .	DraftKin.	PENN Ent.	Rush Str.
Rev Chg LTM	24.2%	30.7%	13.8%	18.5%	8.2%	23.1%	20.8%
Rev Chg 3Y Avg	33.6%	23.8%	-	45.2%	2.3%	24.1%	24.1%
Rev Chg Q	21.4%	38.3%	16.8%	4.4%	4.8%	19.7%	18.3%
QoQ Delta Rev Chg LTM	4.6%	8.3%	3.7%	0.9%	1.2%	4.5%	4.1%
Op Mgn LTM	23.1%	-21.3%	3.7%	-5.6%	3.3%	6.6%	3.5%
Op Mgn 3Y Avg	25.4%	-20.0%	-	-15.5%	4.9%	-1.3%	-1.3%
QoQ Delta Op Mgn LTM	-3.5%	-1.3%	-2.9%	0.5%	-0.3%	1.0%	-0.8%
CFO/Rev LTM	27.7%	13.9%	9.1%	12.2%	7.4%	11.5%	11.8%
CFO/Rev 3Y Avg	23.4%	5.4%	-	3.0%	6.7%	6.2%	6.2%
FCF/Rev LTM	18.8%	1.0%	4.8%	9.7%	-3.1%	8.4%	6.6%
FCF/Rev 3Y Avg	9.4%	-7.4%	-	0.1%	-0.8%	2.3%	0.1%

Valuation

	GAMB	GENI	FLUT	DKNG	PENN	RSI	Median
Name	Gambling.	Genius S.	Flutter .	DraftKin.	PENN Ent.	Rush Str.
Mkt Cap	0.2	2.8	39.3	17.6	2.0	1.9	2.4
P/S	1.3	5.3	2.5	3.4	0.4	1.9	2.2
P/EBIT	24.9	-24.8	223.5	-75.8	-6.2	28.0	9.3
P/E	105.6	-26.8	-143.8	-69.4	-3.1	65.5	-14.9
P/CFO	4.7	37.9	27.9	27.8	5.5	16.2	22.0
Total Yield	0.9%	-3.7%	-0.7%	-1.4%	-32.7%	1.5%	-1.1%
Dividend Yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
FCF Yield 3Y Avg	4.0%	-2.2%	-	0.2%	-2.6%	-1.7%	-1.7%
D/E	0.3	0.0	0.3	0.1	4.0	0.0	0.2
Net D/E	0.3	-0.1	0.2	0.0	3.8	-0.1	0.1

Returns

	GAMB	GENI	FLUT	DKNG	PENN	RSI	Median
Name	Gambling.	Genius S.	Flutter .	DraftKin.	PENN Ent.	Rush Str.
1M Rtn	7.3%	13.6%	12.3%	20.1%	-2.2%	11.9%	12.1%
3M Rtn	-30.3%	-12.2%	-20.7%	-19.2%	-27.2%	-8.8%	-19.9%
6M Rtn	-52.2%	12.1%	-15.7%	-2.7%	-8.5%	45.8%	-5.6%
12M Rtn	-63.7%	19.8%	-19.7%	-10.9%	-31.3%	42.2%	-15.3%
3Y Rtn	-36.9%	161.0%	53.6%	181.2%	-56.6%	440.6%	107.3%
1M Excs Rtn	-17.4%	6.8%	-4.5%	13.1%	-6.2%	11.5%	1.1%
3M Excs Rtn	-33.4%	-15.3%	-23.0%	-20.3%	-27.4%	-11.7%	-21.6%
6M Excs Rtn	-66.4%	-2.2%	-29.9%	-16.9%	-22.7%	31.5%	-19.8%
12M Excs Rtn	-70.4%	4.3%	-31.9%	-28.0%	-37.6%	29.8%	-29.9%
3Y Excs Rtn	-112.0%	68.9%	-18.3%	82.0%	-130.7%	373.2%	25.3%

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End	9/30/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date	11/13/2025	3/20/2025	3/21/2024	3/23/2023	3/25/2022	7/14/2021	3/25/2022
Key Financials
Total Revenue	155	127	109	77	42	28	19
EBITDA	24	43	23	11	15	15	4
Operating Income	36	38	30	13	12	11	1
Net Income	2	31	18	2	12	15	-2
EPS	0.06	0.85	0.49	0.07	0.40	0.45	-0.06
Growth Rates
Total Revenue Growth	24.2%	17.1%	42.0%	80.8%	51.3%	45.2%	-
EBITDA Growth	-37.6%	84.8%	113.6%	-28.9%	3.6%	300.4%	-
Operating Income Growth	3.4%	28.1%	122.6%	11.4%	7.0%	695.1%	-
Net Income Growth	-93.5%	68.0%	664.0%	-80.8%	-17.8%	897.0%	-
Margins
EBITDA Margin	15.6%	33.6%	21.3%	14.2%	36.0%	52.6%	19.1%
Operating Income Margin	23.1%	29.7%	27.2%	17.3%	28.1%	39.8%	7.3%
Net Income Margin	1.2%	24.1%	16.8%	3.1%	29.4%	54.1%	-9.9%
Cash & Debt
Total Cash	7	14	25	30	51	8	7
Total Debt	88	28	2	2	8	8	21
Net Debt / (Cash)	81	14	-24	-28	-43	-0	14
Cash Flows
Net Cash from Operations	43	38	18	19	14	11	4
Free Cash from Operations	29	4	9	9	8	11	2
Returns to Shareholders
Dividends	0	-0	-0	-0	-0	-0	-0
Share Repurchases	9	27	3	0	-0	-0	-0

$ Mil \| FY: 12/31	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4
Period End	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022
Filing Date	11/13/2025	8/14/2025	5/15/2025	3/20/2025	11/14/2024	8/15/2024	5/16/2024	3/21/2024	11/15/2023	8/17/2023	5/18/2023	3/23/2023
Key Financials Quarterly
Total Revenue	39	40	41	35	32	31	29	33	23	26	27	21
Ebitda	3	-7	17	11	12	10	9	7	6	2	8	-3
Operating Income	6	7	10	12	10	8	8	9	5	7	9	4
Net Income	-4	-13	11	8	9	7	7	6	5	0	7	-4
EPS	-0.11	-0.38	0.32	0.23	0.24	0.19	0.20	0.17	0.13	0.01	0.18	-0.12
Key Financials TTM
Total Revenue TTM	155	148	139	127	124	116	111	109	97	94	84	77
Ebitda TTM	24	33	51	43	39	33	24	23	13	11	12	11
Operating Income TTM	36	39	40	38	34	30	28	30	25	24	18	13
Net Income TTM	2	14	35	31	29	26	19	18	7	5	5	2
Growth Rates Quarterly
Total Revenue Growth	21.4%	29.6%	39.1%	8.5%	36.9%	17.6%	9.5%	52.4%	19.4%	63.1%	36.3%	107.5%
EBITDA Growth	-77.9%	-170.0%	84.9%	56.6%	94.0%	578.1%	13.5%	329.2%	33.9%	-39.6%	21.7%	-249.9%
Operating Income Growth	-36.6%	-13.8%	31.9%	38.4%	100.7%	21.6%	-15.0%	116.3%	24.5%	777.3%	99.1%	231.8%
Net Income Growth	-145.4%	-293.6%	53.9%	24.5%	69.7%	2392.8%	10.7%	244.6%	121.7%	396.4%	47.0%	-608.5%
Margins Quarterly
EBITDA Margin	6.8%	-18.0%	43.0%	31.6%	37.2%	33.3%	32.4%	21.9%	26.3%	5.8%	31.2%	-14.6%
Operating Income Margin	15.6%	18.1%	25.5%	34.0%	29.9%	27.2%	26.9%	26.7%	20.4%	26.3%	34.6%	18.8%
Net Income Margin	-9.9%	-33.9%	27.7%	22.5%	26.5%	22.7%	25.0%	19.6%	21.4%	1.1%	24.7%	-20.7%
Cash & Debt
Total Cash	7	19	21	14	16	8	25	25	27	31	34	30
Total Debt	88	96	93	28	30	23	2	2	2	2	2	2
Net Debt / (Cash)	81	77	72	14	14	15	-24	-24	-25	-29	-32	-28
Cash Flows Quarterly
FCF from Operations	11	7	11	14	15	0	9	7	-1	5	7	6
Cash Flows TTM
FCF from Operations TTM	43	47	40	38	31	15	20	18	17	23	22	19
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0	0	0	0	0	0
Share Repurchases	5	-0	-0	5	12	7	3	2	-0	1	-0	0
Return on Invested Capital (ROIC) Quarterly
ROIC	22.0%	25.3%	40.3%	131.9%	76.7%	45.4%	68.7%	73.2%	40.8%	19.7%	102.2%	45.6%
Return on Invested Capital (ROIC) TTM
ROIC TTM	14.4%	29.3%	37.0%	105.8%	68.3%	41.5%	64.4%	56.4%	45.7%	41.6%	45.2%	33.4%

Price Behavior

Price Behavior

Market Price	$5.62
Market Cap ($ Bil)	0.2
First Trading Date	07/23/2021
Distance from 52W High	-66.4%
	50 Days	200 Days
DMA Price	$6.54	$10.06
DMA Trend	down	down
Distance from DMA	-14.0%	-44.1%
	3M	1YR
Volatility	61.2%	51.9%
Downside Capture	316.01	191.71
Upside Capture	83.21	66.66
Correlation (SPY)	54.6%	50.0%

GAMB Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	4.50	2.74	2.71	2.51	1.28	1.01
Up Beta	2.85	2.65	2.56	2.80	1.09	1.07
Down Beta	8.84	4.14	4.10	3.39	1.62	1.35
Up Capture	226%	46%	47%	53%	55%	28%
Bmk +ve Days	12	25	38	73	141	426
Stock +ve Days	8	18	26	56	118	362
Down Capture	502%	315%	304%	277%	135%	101%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	11	23	36	67	128	369

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

1Y 5Y 10Y

Based On 1-Year Data

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Based On 5-Year Data

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Based On 10-Year Data

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Short Interest

Short Interest: As Of Date	11282025
Short Interest: Shares Quantity	2,316,916
Short Interest: % Change Since 11152025	-10.1%
Average Daily Volume	998,022
Days-to-Cover Short Interest	2.32
Basic Shares Quantity	35,582,412
Short % of Basic Shares	6.5%

Returns Analyses

	Title
0	Would You Still Hold Gambling.com Stock If It Fell Another 30%?

SEC Filings

Expand for More

Report Date	Filing Date	Filing
9302025	11132025	6-K 9/30/2025
6302025	8142025	6-K 6/30/2025
3312025	5152025	6-K 3/31/2025
12312024	3202025	20-F 12/31/2024
9302024	11142024	6-K 9/30/2024
6302024	8152024	6-K 6/30/2024
3312024	5162024	6-K 3/31/2024
12312023	3212024	20-F 12/31/2023
9302023	11152023	6-K 9/30/2023
6302023	8172023	6-K 6/30/2023
3312023	5182023	6-K 3/31/2023
12312022	3232023	20-F 12/31/2022
9302022	11172022	6-K 9/30/2022
6302022	8292022	6-K 6/30/2022
3312022	5312022	6-K 3/31/2022
12312021	3252022	20-F 12/31/2021

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Gambling.com (GAMB)

Market Price (12/15/2025): $5.65 | Market Cap: $201.0 MilSector: Consumer Discretionary | Industry: Casinos & Gaming

Gambling.com (GAMB)

Market Price (12/15/2025): $5.65Market Cap: $201.0 MilSector: Consumer DiscretionaryIndustry: Casinos & Gaming

Valuation, Metrics & Events

GAMB Stock

Why The Stock Moved

Qualitative Assessment

Stock Movement Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Return vs. Risk

Price Returns Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

About Gambling.com (GAMB)

Global Online Gambling (iGaming) Market

U.S. Online Gambling & Betting Market

U.S. Online Sports Betting Market

U.S. Online Casino (iGaming) Market

U.S. Social Casino Market

Share Repurchases

Share Issuance

Outbound Investments

Capital Expenditures

Interactive Breakdown

Better Bets than Gambling.com (GAMB)

Latest Trefis Analyses

Trade Ideas

Recent Active Movers

1 Day Top Gainers

1 Day Top Losers

1 Week Top Gainers

1 Week Top Losers

1 Month Top Gainers

1 Month Top Losers

Recent Active Movers

1 Day Top Gainers

1 Day Top Losers

1 Week Top Gainers

1 Week Top Losers

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FDIC Bank Data

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Bank Deposits

Bank Assets

Bank Loans

Financials

Segment Financials

Price Behavior

Based On 1-Year Data

Based On 5-Year Data

Based On 10-Year Data

Short Interest

Returns Analyses

Earnings Returns History

SEC Filings

Insider Activity

Industry Resources

External Quote Links

Market Price (12/15/2025): $5.65 | Market Cap: $201.0 Mil
Sector: Consumer Discretionary | Industry: Casinos & Gaming

Market Price (12/15/2025): $5.65
Market Cap: $201.0 Mil
Sector: Consumer Discretionary
Industry: Casinos & Gaming