Company research
GAN Ltd
CIK 1799332Updated Sep 24, 2026
Filing activity
Latest filing
50 filings on record · 15-12G, EFFECT, POS AM, S-8 POS, POSASR, 4.
Recent filings
Show 5 more recent filings
Financials
FY 2024 · USDSource
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balance sheet · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 77,146,000Source | 87,504,000Source | 103,080,000Source | 260,910,000Source |
| Property, Plant and Equipment, NetUSD | 3,029,000Source | 4,159,000Source | 2,850,000Source | 2,545,000Source |
| GoodwillUSD | — | — | — | 146,142,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 38,742,000Source | 38,578,000Source | 45,920,000Source | 39,477,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 7,043,000Source | 11,417,000Source | 13,808,000Source | 8,110,000Source |
| Assets, CurrentUSD | 52,829,000Source | 56,541,000Source | 67,630,000Source | 54,422,000Source |
| Operating Lease, Right-of-Use AssetUSD | 3,417,000Source | 4,340,000Source | — | — |
| Other Assets, NoncurrentUSD | 4,645,000Source | 5,895,000Source | 3,746,000Source | 10,023,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 88,287,000Source | 92,108,000Source | 82,312,000Source | 36,873,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 457,000Source | 451,000Source | 429,000Source | 422,000Source |
| Additional Paid in CapitalUSD | — | — | — | 319,551,000Source |
| Retained Earnings (Accumulated Deficit)USD | -317,264,000Source | -309,305,000Source | -274,861,000Source | -76,360,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -34,054,000Source | -32,302,000Source | -33,798,000Source | -19,576,000Source |
| Stockholders' Equity Attributable to ParentUSD | -11,141,000Source | -4,604,000Source | 20,768,000Source | 224,037,000Source |
| Additional Paid in Capital, Common StockUSD | 339,720,000Source | 336,552,000Source | 328,998,000Source | — |
| Liabilities and EquityUSD | 77,146,000Source | 87,504,000Source | 103,080,000Source | 260,910,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 31,168,000Source | 36,724,000Source | 32,532,000Source | 33,033,000Source |
| Operating Lease, Liability, CurrentUSD | 912,000Source | 804,000Source | — | — |
| Accounts Payable, CurrentUSD | 5,615,000Source | 6,971,000Source | 6,437,000Source | 5,268,000Source |
| Operating Lease, Liability, NoncurrentUSD | 2,528,000Source | 3,577,000Source | — | — |
| Deferred Income Tax Liabilities, NetUSD | 3,169,000Source | 3,793,000Source | 4,218,000Source | 1,791,000Source |
| Other Liabilities, NoncurrentUSD | 4,547,000Source | 5,825,000Source | 2,125,000Source | 2,049,000Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | — | — | — | 4,669,000Source |
| Deferred Tax Liabilities, NetUSD | 2,995,000Source | 3,639,000Source | 4,027,000Source | 890,000Source |
| Long-term DebtUSD | 46,875,000Source | 42,189,000Source | 28,157,000Source | — |
cash flow · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | — | — | — | 16,808,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 3,572,000Source | 5,397,000Source | 7,070,000Source | 8,136,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | -2,666,000Source | -2,619,000Source | 5,934,000Source | 1,503,000Source |
| Increase (Decrease) in Accounts PayableUSD | -1,222,000Source | 382,000Source | 1,383,000Source | — |
| Deferred Income Tax Expense (Benefit)USD | -352,000Source | -1,017,000Source | 3,250,000Source | -1,309,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 5,813,000Source | -3,565,000Source | -1,249,000Source | -5,003,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | — | — | 92,724,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -3,130,000Source | -6,815,000Source | -19,103,000Source | -106,674,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 536,000Source | 3,095,000Source | 1,930,000Source | 1,929,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | — | 517,000Source | 184,000Source | — |
| Payments for Repurchase of Common StockUSD | — | — | 1,006,000Source | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 2,000Source | 1,347,000Source | 27,448,000Source | 169,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 164,000Source | -7,342,000Source | 6,443,000Source | -113,177,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 38,742,000Source | 38,578,000Source | 45,920,000Source | 39,477,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 2,000Source | 1,068,000Source | 2,444,000Source | — |
| Income Taxes Paid, NetUSD | 438,000Source | -268,000Source | 728,000Source | 93,000Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | -2,521,000Source | 1,691,000Source | -653,000Source | -1,669,000Source |
| Additional Financial Items | ||||
| AmortizationUSD | — | — | — | 591,000Source |
| Amortization of Debt Issuance CostsUSD | 1,023,000Source | 1,010,000Source | 582,000Source | — |
| Amortization of Intangible AssetsUSD | 3,315,000Source | 13,543,000Source | 15,581,000Source | 12,289,000Source |
| Capitalized Computer Software, AmortizationUSD | 2,785,000Source | 1,972,000Source | 6,166,000Source | 3,443,000Source |
| Deferred Other Tax Expense (Benefit)USD | — | — | — | -422,000Source |
| DepreciationUSD | 1,535,000Source | 1,648,000Source | 1,427,000Source | 1,077,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | — | — | 969,000Source | — |
| Gain (Loss) on Extinguishment of DebtUSD | — | 9,717,000Source | — | — |
| General and Administrative ExpenseUSD | 30,984,000Source | 36,657,000Source | 46,906,000Source | 48,881,000Source |
| GoodwillUSD | — | — | — | 146,142,000Source |
| Goodwill and Intangible Asset ImpairmentUSD | — | — | 166,010,000Source | — |
| Goodwill, Impairment LossUSD | — | 0Source | 136,905,000Source | — |
| Impairment of Intangible Assets, Finite-livedUSD | — | — | 19,100,000Source | — |
| Income Tax Expense (Benefit)USD | -275,000Source | 138,000Source | 3,942,000Source | -211,000Source |
| Investment Income, InterestUSD | — | — | — | 32,000Source |
| Net Income (Loss) Attributable to ParentUSD | -7,959,000Source | -34,444,000Source | -197,498,000Source | -30,594,000Source |
| Other Nonoperating Income (Expense)USD | -4,634,000Source | — | -1,047,000Source | 408,000Source |
| Other Operating Income (Expense), NetUSD | — | — | — | 408,000Source |
| Proceeds from Issuance of Common StockUSD | — | 66,000Source | 341,000Source | — |
| Proceeds from Issuance of Long-term DebtUSD | — | 42,000,000Source | 30,000,000Source | — |
| Proceeds from Stock Options ExercisedUSD | 2,000Source | 202,000Source | 722,000Source | 855,000Source |
| Restructuring CostsUSD | — | — | 1,771,000Source | — |
income statement · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Total RevenueUSD | 134,998,000Source | 129,419,000Source | 141,528,000Source | 124,163,000Source |
| Operating Income (Loss)USD | -3,600,000Source | -30,314,000Source | -192,509,000Source | -31,213,000Source |
| Other Nonoperating Income (Expense)USD | -4,634,000Source | — | -1,047,000Source | 408,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -8,234,000Source | -34,306,000Source | -193,556,000Source | -30,805,000Source |
| Income Tax Expense (Benefit)USD | -275,000Source | 138,000Source | 3,942,000Source | -211,000Source |
| Net Income (Loss) Attributable to ParentUSD | -7,959,000Source | -34,444,000Source | -197,498,000Source | -30,594,000Source |
| Earnings Per Share, BasicUSD per share | -0.18Source | -0.78Source | -4.66Source | — |
| Earnings Per Share, DilutedUSD per share | -0.18Source | -0.78Source | — | — |
| Weighted Average Number of Shares Outstanding, Basicshares | 45,403,847Source | 44,180,600Source | 42,359,523Source | — |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 45,403,847Source | 44,180,600Source | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 3,315,000Source | 13,543,000Source | 15,581,000Source | 12,289,000Source |
| Capitalized Computer Software, AmortizationUSD | 2,785,000Source | 1,972,000Source | 6,166,000Source | 3,443,000Source |
| Cost of Goods and Service, Excluding Depreciation, Depletion, and AmortizationUSD | 40,431,000Source | 38,700,000Source | 41,634,000Source | 41,373,000Source |
| Costs and ExpensesUSD | 138,598,000Source | 159,733,000Source | 334,037,000Source | 155,376,000Source |
| Current Income Tax Expense (Benefit)USD | 77,000Source | 1,155,000Source | 692,000Source | 1,098,000Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 7,634,000Source | 17,161,000Source | 23,276,000Source | — |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | — | — | 969,000Source | — |
| General and Administrative ExpenseUSD | 30,984,000Source | 36,657,000Source | 46,906,000Source | 48,881,000Source |
| Goodwill, Impairment LossUSD | — | 0Source | 136,905,000Source | — |
| Income (Loss) Attributable to Parent, before TaxUSD | -8,234,000Source | 34,306,000Source | -193,556,000Source | -30,805,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | -4,078,000Source | -5,897,000Source | -5,504,000Source | -1,555,000Source |
| Interest ExpenseUSD | — | — | — | 2,000Source |
| Interest Expense, DebtUSD | 4,686,000Source | 4,720,000Source | 3,026,000Source | — |
| Interest Revenue (Expense), NetUSD | — | — | — | 408,000Source |
| Investment Income, InterestUSD | — | — | — | 32,000Source |
| Other Operating Income (Expense), NetUSD | — | — | — | 408,000Source |
| Restructuring CostsUSD | — | — | 1,771,000Source | — |
| Selling and Marketing ExpenseUSD | 25,303,000Source | 28,972,000Source | 28,095,000Source | 22,266,000Source |