GAN Limited (GAN) Financial Statements (2025 and earlier)

Company Profile

Business Address 400 SPECTRUM CENTER DRIVE, SUITE 1900
IRVINE, CA 92618
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 737 - Computer Programming, Data Processing, And Other Computer Related Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments38,57845,92039,477
Cash and cash equivalents38,57845,92039,477
Receivables11,41713,8088,110
Prepaid expense3,3444,8613,498
Other current assets3,2023,0413,337
Total current assets:56,54167,63054,422
Noncurrent Assets
Operating lease, right-of-use asset4,340  
Property, plant and equipment4,1592,8502,545
Intangible assets, net (including goodwill)12,35824,955182,035
Goodwill   146,142
Intangible assets, net (excluding goodwill)12,35824,95535,893
Other noncurrent assets5,8953,74610,023
Other undisclosed noncurrent assets4,2113,89911,885
Total noncurrent assets:30,96335,450206,488
TOTAL ASSETS:87,504103,080260,910
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities14,82015,18720,898
Employee-related liabilities10,961
Accounts payable6,9716,4375,268
Accrued liabilities7,8498,7504,669
Deferred revenue10,18510,683 
Other liabilities6,8914,4483,151
Other undisclosed current liabilities4,8282,2148,984
Total current liabilities:36,72432,53233,033
Noncurrent Liabilities
Liabilities, other than long-term debt13,1956,3433,840
Deferred income tax liabilities3,7934,2181,791
Other liabilities5,8252,1252,049
Operating lease, liability3,577  
Other undisclosed noncurrent liabilities42,18943,437 
Total noncurrent liabilities:55,38449,7803,840
Total liabilities:92,10882,31236,873
Equity
Equity, attributable to parent(4,604)20,768224,037
Common stock451429422
Additional paid in capital336,552328,998319,551
Accumulated other comprehensive loss(32,302)(33,798)(19,576)
Accumulated deficit(309,305)(274,861)(76,360)
Total equity:(4,604)20,768224,037
TOTAL LIABILITIES AND EQUITY:87,504103,080260,910

Income Statement (P&L) ($ in thousands)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
Revenues129,419141,528124,163
Cost of revenue(76,949)(68,013)(80,729)
Cost of goods and services sold(38,700)(41,634)(41,373)
Gross profit:52,47073,51543,434
Operating expenses(82,784)(266,024)(74,647)
Operating loss:(30,314)(192,509)(31,213)
Nonoperating expense
(Other Nonoperating expense)
(3,992)(1,047) 
Interest and debt expense9,717(3,026)(2)
Loss from continuing operations before equity method investments, income taxes:(24,589)(196,582)(31,215)
Other undisclosed income (loss) from continuing operations before income taxes(9,717)3,026410
Loss from continuing operations before income taxes:(34,306)(193,556)(30,805)
Income tax expense (benefit)(138)(3,942)211
Loss from continuing operations:(34,444)(197,498)(30,594)
Loss before gain (loss) on sale of properties:(30,594)
Net loss available to common stockholders, diluted:(34,444)(197,498)(30,594)

Comprehensive Income ($ in thousands)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
Net loss:(34,444)(197,498)(30,594)
Comprehensive loss:(34,444)(197,498)(30,594)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1,496(14,222)(16,699)
Comprehensive loss, net of tax, attributable to parent:(32,948)(211,720)(47,293)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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