Quarterly ResultMay 14, 2026, 04:18 PM
Gambling.com Q1 Net Loss $1.18M; Operating Profit Down 67.4%
AI Summary
Gambling.com Group Ltd reported a net loss of $1.18 million for Q1 2026, a significant decline from a net income of $11.24 million in Q1 2025. Revenue remained relatively stable at $40.44 million, a slight decrease from $40.64 million year-over-year, while operating profit fell sharply by 67.4% to $3.27 million. The company also saw a substantial reduction in cash flows from operating activities and cash and cash equivalents. Additionally, the Q1 2025 cash flow statement was restated for a tax payment classification error, and the company continues to manage foreign exchange risk with a Cross-Currency Interest Rate Swap.
Key Highlights
- Q1 2026 net loss was $1.18 million, compared to $11.24 million net income in Q1 2025.
- Operating profit for Q1 2026 decreased 67.4% to $3.27 million from $10.03 million YoY.
- Revenue for Q1 2026 was $40.44 million, a slight 0.48% decrease from $40.64 million YoY.
- Basic net loss per share was $0.03 in Q1 2026, down from $0.32 in Q1 2025.
- Cash flows from operating activities decreased to $0.91 million from $8.09 million YoY.
- Cash and cash equivalents stood at $8.41 million as of March 31, 2026.
- Q1 2025 cash flow statement was restated due to an income tax payment classification error.