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Side-by-side financial comparison of Bragg Gaming Group Inc. (BRAG) and Evaxion A/S (EVAX). Click either name above to swap in a different company.

Evaxion A/S is the larger business by last-quarter revenue ($37.0K vs $20.8K, roughly 1.8× Bragg Gaming Group Inc.). Bragg Gaming Group Inc. runs the higher net margin — 0.4% vs -13056.8%, a 13057.2% gap on every dollar of revenue.

Bragg Gaming Group Inc. is a global B2B provider of turnkey gaming technology solutions, content aggregation services, and player engagement tools for licensed online casino and sports betting operators. It primarily serves regulated online gambling markets across North America, Europe, and Latin America, offering fully customizable, compliance-aligned platform products for its client base.

Evaxion A/S is a Danish clinical-stage biotechnology company that leverages proprietary artificial intelligence platforms to develop targeted immunotherapies. Its core pipeline includes personalized cancer vaccines, off-the-shelf immuno-oncology treatments, and novel infectious disease therapies, advancing programs through partnerships with global pharmaceutical stakeholders.

BRAG vs EVAX — Head-to-Head

Bigger by revenue
EVAX
EVAX
1.8× larger
EVAX
$37.0K
$20.8K
BRAG
Higher net margin
BRAG
BRAG
13057.2% more per $
BRAG
0.4%
-13056.8%
EVAX

Income Statement — Q2 FY2022 vs Q2 FY2025

Metric
BRAG
BRAG
EVAX
EVAX
Revenue
$20.8K
$37.0K
Net Profit
$90
$-4.8M
Gross Margin
55.9%
Operating Margin
3.6%
-11729.7%
Net Margin
0.4%
-13056.8%
Revenue YoY
-76.0%
Net Profit YoY
22.1%
EPS (diluted)
$0.00

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BRAG
BRAG
EVAX
EVAX
Q2 25
$37.0K
Q2 24
$154.0K
Q2 23
$0
Q2 22
$20.8K
Q1 22
$19.4K
Net Profit
BRAG
BRAG
EVAX
EVAX
Q2 25
$-4.8M
Q2 24
$-6.2M
Q2 23
$-5.7M
Q2 22
$90
Q1 22
$-720
Gross Margin
BRAG
BRAG
EVAX
EVAX
Q2 25
Q2 24
Q2 23
Q2 22
55.9%
Q1 22
51.8%
Operating Margin
BRAG
BRAG
EVAX
EVAX
Q2 25
-11729.7%
Q2 24
-2974.7%
Q2 23
Q2 22
3.6%
Q1 22
-1.2%
Net Margin
BRAG
BRAG
EVAX
EVAX
Q2 25
-13056.8%
Q2 24
-4024.7%
Q2 23
Q2 22
0.4%
Q1 22
-3.7%
EPS (diluted)
BRAG
BRAG
EVAX
EVAX
Q2 25
Q2 24
Q2 23
$-0.21
Q2 22
$0.00
Q1 22

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BRAG
BRAG
EVAX
EVAX
Cash + ST InvestmentsLiquidity on hand
$14.7M
Total DebtLower is stronger
$9.2M
Stockholders' EquityBook value
$6.2M
Total Assets
$22.4M
Debt / EquityLower = less leverage
1.48×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BRAG
BRAG
EVAX
EVAX
Q2 25
$14.7M
Q2 24
$8.0M
Q2 23
$7.1M
Q2 22
Q1 22
Total Debt
BRAG
BRAG
EVAX
EVAX
Q2 25
$9.2M
Q2 24
$8.4M
Q2 23
$8.2M
Q2 22
Q1 22
Stockholders' Equity
BRAG
BRAG
EVAX
EVAX
Q2 25
$6.2M
Q2 24
$1.3M
Q2 23
$2.5M
Q2 22
Q1 22
Total Assets
BRAG
BRAG
EVAX
EVAX
Q2 25
$22.4M
Q2 24
$15.2M
Q2 23
$16.8M
Q2 22
Q1 22
Debt / Equity
BRAG
BRAG
EVAX
EVAX
Q2 25
1.48×
Q2 24
6.72×
Q2 23
3.25×
Q2 22
Q1 22

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BRAG
BRAG
EVAX
EVAX
Operating Cash FlowLast quarter
$7.5K
Free Cash FlowOCF − Capex
$7.3K
FCF MarginFCF / Revenue
35.2%
Capex IntensityCapex / Revenue
0.7%
Cash ConversionOCF / Net Profit
82.92×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BRAG
BRAG
EVAX
EVAX
Q2 25
Q2 24
Q2 23
Q2 22
$7.5K
Q1 22
$3.8K
Free Cash Flow
BRAG
BRAG
EVAX
EVAX
Q2 25
Q2 24
Q2 23
Q2 22
$7.3K
Q1 22
$3.7K
FCF Margin
BRAG
BRAG
EVAX
EVAX
Q2 25
Q2 24
Q2 23
Q2 22
35.2%
Q1 22
19.2%
Capex Intensity
BRAG
BRAG
EVAX
EVAX
Q2 25
Q2 24
Q2 23
Q2 22
0.7%
Q1 22
0.4%
Cash Conversion
BRAG
BRAG
EVAX
EVAX
Q2 25
Q2 24
Q2 23
Q2 22
82.92×
Q1 22

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BRAG
BRAG

Other$11.1K54%
Netherlands$9.6K46%

EVAX
EVAX

Segment breakdown not available.

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