GAN Limited (GAN)

GAN Limited Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	135	129.42	141.53	124.16	35.16
Revenue Growth (YoY)	4.31%	-8.56%	13.99%	253.15%	17.31%
Cost of Revenue	40.43	38.7	41.63	41.37	10.47
Gross Profit	94.57	90.72	99.89	82.79	24.69
Selling, General & Admin	56.29	65.63	66.15	71.15	28.85
Research & Development	34.25	38.24	35.2	22.55	11.03
Operating Expenses	98.17	121.03	124.62	110.5	43.14
Operating Income	-3.6	-30.31	-24.73	-27.71	-18.45
Interest Expense	-4.69	-4.72	-	-	-0.4
Interest & Investment Income	-	-	-	-	0
Other Non Operating Income (Expenses)	0.05	0.73	-1.05	-3.09	-
EBT Excluding Unusual Items	-8.23	-34.31	-25.78	-30.81	-18.85
Merger & Restructuring Charges	-	-	-1.77	-	-1.02
Impairment of Goodwill	-	-	-136.91	-	-
Asset Writedown	-	-	-29.11	-	-
Pretax Income	-8.23	-34.31	-193.56	-30.81	-19.86
Income Tax Expense	-0.28	0.14	3.94	-0.21	0.35
Net Income	-7.96	-34.44	-197.5	-30.59	-20.22
Net Income to Common	-7.96	-34.44	-197.5	-30.59	-20.22
Shares Outstanding (Basic)	45	44	42	42	27
Shares Outstanding (Diluted)	45	44	42	42	27
Shares Change (YoY)	2.77%	4.30%	0.80%	55.61%	15.31%
EPS (Basic)	-0.18	-0.78	-4.66	-0.73	-0.75
EPS (Diluted)	-0.18	-0.78	-4.66	-0.73	-0.75
Free Cash Flow	5.28	-6.66	-3.18	-6.93	-7.62
Free Cash Flow Per Share	0.12	-0.15	-0.07	-0.17	-0.28
Gross Margin	70.05%	70.10%	70.58%	66.68%	70.22%
Operating Margin	-2.67%	-23.42%	-17.47%	-22.32%	-52.48%
Profit Margin	-5.90%	-26.61%	-139.55%	-24.64%	-57.50%
Free Cash Flow Margin	3.91%	-5.15%	-2.25%	-5.58%	-21.66%
EBITDA	1.25	-15.13	-7.62	-14.35	-17.97
EBITDA Margin	0.92%	-11.69%	-5.38%	-11.56%	-51.10%
D&A For EBITDA	4.85	15.19	17.11	13.37	0.49
EBIT	-3.6	-30.31	-24.73	-27.71	-18.45
EBIT Margin	-2.67%	-23.42%	-17.47%	-22.32%	-52.48%

Updated Mar 14, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q