CDRO

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Codere Online Luxembourg, S.A.

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Key Metrics

Previous Close: $9.08
52-Week Range: $5.18 – $10.26
Market Cap: $411.50M
P/E (TTM): 301.67
EPS (TTM): 0.03
Dividend Yield: —

Advanced Metrics

Price/Book: 12.38
PEG Ratio: —
Return on Equity: 4.89%
Return on Assets: 4.61%
Gross Margin: 88.12%
Operating Margin: 2.60%
Profit Margin: 0.61%
Current Ratio: 1.37
Debt/Equity: 0.14
Total Debt: $3.93M
Free Cash Flow: $14.88M
Revenue Growth: 6.60%
Earnings Growth: 15.80%
Enterprise Value: $363.52M

CDRO Income statement, annual periods, in EUR
EUR	FY2022	FY2023	FY2024	FY2025
Revenue	$115.75M	$161.65M	$200.70M	$210.41M
Cost of Revenue	$4.84M	$6.28M	$7.73M	$8.32M
Gross Profit	$110.90M	$155.37M	$192.97M	$202.08M
Selling, General & Admin	$153.63M	$152.29M	$167.33M	$173.24M
Operating Expenses	$166.78M	$170.12M	$188.64M	$196.34M
Operating Income	-$55.88M	-$14.75M	$4.33M	$5.74M
EBITDA	-$55.32M	-$14.64M	$4.72M	$6.38M
Pretax Income	-$43.41M	-$8.93M	$5.37M	$3.31M
Income Tax	$2.97M	-$6.51M	$1.46M	$2.02M
Net Income	-$46.38M	-$2.42M	$3.91M	$1.29M
Diluted EPS	-1.03	-0.05	0.08	0.03
Diluted Shares	45.12M	45.27M	46.07M	45.89M

CDRO Balance Sheet statement, annual periods, in EUR
EUR	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$53.81M	$41.28M	$40.31M	$49.98M
Receivables	$7.07M	$13.19M	$6.92M	$6.33M
Current Assets	$68.33M	$65.28M	$62.92M	$67.48M
Total Assets	$69.31M	$73.80M	$74.54M	$80.86M
Current Liabilities	$42.75M	$52.10M	$44.96M	$49.28M
Long-Term Debt	$710.00K	—	—	—
Total Debt	$4.24M	$5.11M	$5.37M	$3.93M
Total Liabilities	$44.76M	$52.51M	$50.32M	$52.16M
Retained Earnings	-$148.42M	-$150.84M	-$146.93M	-$145.64M
Shareholders' Equity	$24.40M	$21.14M	$24.07M	$28.55M
Working Capital	$25.57M	$13.18M	$17.96M	$18.20M

CDRO Cash Flow statement, annual periods, in EUR
EUR	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	-$42.36M	-$11.58M	$3.94M	$16.51M
Capital Expenditure	-$164.00K	-$245.00K	-$256.00K	-$85.00K
Free Cash Flow	-$42.52M	-$11.82M	$3.69M	$16.42M
Depreciation & Amortisation	$556.00K	$114.00K	$146.00K	$121.00K
Investing Cash Flow	-$164.00K	-$245.00K	-$256.00K	-$85.00K
Financing Cash Flow	$0.00	$1.33M	-$2.04M	-$4.58M
Dividends Paid	$0.00	$0.00	$0.00	$0.00
Share Repurchases	—	$0.00	$0.00	-$2.36M
Net Change in Cash	-$42.52M	-$10.49M	$1.65M	$11.85M

CDRO Balance Sheet statement, quarterly periods, in EUR
EUR	Q4 2024	Q2 2025	Q4 2025
Cash & Equivalents	$40.31M	$45.13M	$49.98M
Receivables	$6.92M	$5.18M	$6.33M
Current Assets	$62.92M	$58.34M	$67.48M
Total Assets	$74.54M	$69.64M	$80.86M
Current Liabilities	$44.96M	$41.58M	$49.28M
Total Debt	$5.37M	$3.70M	$3.93M
Total Liabilities	$50.32M	$49.08M	$52.16M
Retained Earnings	-$146.93M	-$150.72M	-$145.64M
Shareholders' Equity	$24.07M	$20.41M	$28.55M
Working Capital	$17.96M	$16.75M	$18.20M

Market Snapshot

About

Codere Online Luxembourg, S.A. is an online gambling and sports betting operator serving primarily the Latin American and Spanish markets. Headquartered in Luxembourg, Codere Online offers online casino games, sports betting, and other gambling products through digital platforms and mobile applications. The company operates under regulated licenses in Spain and several Latin American jurisdictions including Mexico, Colombia, Panama, and Buenos Aires, Argentina. Codere Online leverages both its proprietary technology platform and the brand recognition of its parent company, Codere S.A., which has decades of experience in the gaming industry. The company's product offering includes pre-match and live sports betting, online slots, table games, and live dealer casino games. Codere Online focuses on localized content and payment methods tailored to each market. The company competes in the rapidly growing online gambling sector, which is experiencing increased legalization and regulation across Latin America.