Gambling.com Group Ltd (GAMB) intrinsic value & 10-year financials

Gambling.com Group Ltd (GAMB) has a Graham intrinsic value of $27.90 per share. Over the last 8 fiscal years revenue grew 43.1% a year to $165.4M, with an average return on invested capital of 17.4%.

Graham intrinsic value
$27.90
Revenue (FY2025)
$165.4M
Revenue growth (8-yr CAGR)
43.1%
ROIC (10-yr avg)
17.4%
Free cash flow (FY2025)
$18.2M

GAMB 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $165.4M -$32.9M -$0.93 $18.2M -19.2% -18.5%
FY2024 $127.2M $30.7M $0.84 $36.3M 28.1% 28.4%
FY2023 $108.7M $18.3M $0.47 $17.5M 20.0% 26.2%
FY2022 $76.5M $2.4M $0.06 $18.4M 2.5% 3.4%
FY2021 $42.3M $12.5M $0.37 $13.7M 26.9% 34.1%
FY2020 $28.0M $15.2M $0.49 $10.8M 39.8% 34.8%
FY2019 $19.3M -$1.9M -$0.07 $3.8M 7.3% 13.3%
FY2018 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

Gambling.com Group Ltd revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Gambling.com Group Ltd has earned high returns on invested capital, averaging 18.1% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.

Gambling.com Group Ltd capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, Gambling.com Group Ltd is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $27.90 per share.

GAMB stock: frequently asked questions

What is the intrinsic value of Gambling.com Group Ltd (GAMB) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 15.0% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, GAMB's intrinsic value is about $27.90 per share.

Does Gambling.com Group Ltd generate free cash flow?

Gambling.com Group Ltd generated $18.2M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 7 of the last 7 reported years.

What is GAMB's return on invested capital?

Average ROIC over the last 8 fiscal years was 17.4%, and average return on equity was 12.2%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this GAMB data come from?

From Gambling.com Group Ltd's annual 10-K filings on SEC EDGAR, most recently filed Mar 19, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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