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Betmakers Technology Group
(OTC:BET)
Betmakers Technology Group (BET) vs. iShares MSCI Australia ETF (EWA)
Betmakers Technology Group Business Overview & Revenue Model
Betmakers Technology Group Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 85.12M | 85.12M | 95.20M | 95.03M | 91.68M | 19.46M |
| Gross Profit | 53.45M | 54.55M | 57.40M | -25.37M | 9.84M | -1.60M |
| EBITDA | -5.28M | 1.33M | -5.21M | -40.96M | -86.06M | -18.14M |
| Net Income | -26.42M | -26.42M | -38.67M | -38.78M | -89.23M | -17.46M |
Balance Sheet | ||||||
| Total Assets | 134.16M | 134.16M | 150.65M | 199.54M | 223.06M | 230.30M |
| Cash, Cash Equivalents and Short-Term Investments | 30.31M | 30.31M | 29.33M | 41.04M | 87.55M | 120.61M |
| Total Debt | 1.47M | 1.47M | 3.15M | 15.07M | 5.22M | 2.49M |
| Total Liabilities | 38.93M | 38.93M | 39.10M | 48.95M | 33.77M | 34.89M |
| Stockholders Equity | 95.23M | 95.23M | 111.55M | 150.60M | 189.29M | 195.40M |
Cash Flow | ||||||
| Free Cash Flow | 341.00K | -6.62M | -5.03M | -32.49M | -34.38M | -4.66M |
| Operating Cash Flow | 3.54M | 3.54M | 3.21M | -24.26M | -18.22M | -2.02M |
| Investing Cash Flow | -10.16M | -10.16M | -11.47M | -11.03M | -22.77M | -46.74M |
| Financing Cash Flow | 8.05M | 8.05M | -2.69M | -11.73M | 7.94M | 137.75M |
Betmakers Technology Group Technical Analysis
Betmakers Technology Group Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | AU$179.28M | 19.63 | 43.45% | 5.00% | -4.01% | -12.08% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
55 Neutral | $2.16B | 59.06 | 2.89% | 2.12% | 8.62% | ― | |
43 Neutral | AU$195.75M | ― | -25.15% | ― | -10.59% | 32.75% | |
43 Neutral | AU$319.78M | ― | -142.61% | ― | 6.47% | 60.03% | |
43 Neutral | AU$260.16M | -23.58 | -14.71% | ― | 126.29% | 95.17% |
Betmakers Technology Group Corporate Events
BetMakers Technology Group has signed a definitive agreement to acquire certain assets and liabilities of the Las Vegas Dissemination Company (LVDC), marking a significant step in its US growth strategy. This acquisition provides BetMakers with direct access to major US casino operators and Nevada wagering customers, expected to generate $4.5 million in revenue and be at least Adjusted EBITDA break-even in the first year. The move establishes a critical foothold in Nevada, enabling the rollout of enhanced digital wagering solutions and reinforcing BetMakers’ position as a global leader in end-to-end wagering technology.
BetMakers Technology Group has signed a significant five-year agreement with Betfair Australia to become the exclusive technology provider for the launch of CrownBet, a premium Australian wagering brand. This partnership, which includes deploying BetMakers’ Apollo wagering platform and other services, marks a major milestone for the company, aligning it with Crown Resorts and positioning CrownBet as a formidable player in the Australian market.
BetMakers Technology Group has announced a new three-year agreement with Penn Entertainment to distribute Penn’s racing content, which is expected to enhance BetMakers’ revenue and EBITDA by approximately A$1.2 million per annum. The company is experiencing strong digital momentum with the launch of eight new digital customers in Q2 FY26 and plans for further expansion, positioning itself for continued growth and improved financial performance in the coming years.
Betmakers Technology Group Limited has announced a change in the director’s interest, specifically relating to Matthew Davey. The change involves the issuance of 5,000,000 unvested FY25 Tranche 2 and 5,000,000 unvested FY25 Tranche 3 Performance Rights, following shareholder approval at the annual general meeting. This adjustment in director’s interest reflects strategic decisions made by the company to align leadership incentives with shareholder interests, potentially impacting the company’s governance and stakeholder confidence.
Betmakers Technology Group Ltd announced the issuance of 900,000 unquoted service rights as part of an employee incentive scheme. This move is aimed at bolstering employee engagement and aligning staff interests with company growth, potentially strengthening its market position in the betting technology industry.
Betmakers Technology Group Ltd has announced the issuance of 10 million unquoted performance rights, effective November 26, 2025. This move is part of the company’s strategy to incentivize performance and align the interests of its stakeholders, potentially impacting its market positioning and operational dynamics.
Betmakers Technology Group Ltd announced the issuance of 960,000 unquoted performance rights under an employee incentive scheme, which are not intended to be quoted on the ASX. This move is part of the company’s strategy to incentivize and retain key personnel, potentially impacting its operational efficiency and competitive positioning in the market.
Betmakers Technology Group Limited announced a change in the director’s interest, with Matthew Davey acquiring an additional 10 million shares, increasing his total to 105.99 million shares. This acquisition was part of an institutional placement approved by shareholders, which could potentially strengthen the company’s market position and influence within the betting technology industry.
Betmakers Technology Group Ltd has announced the quotation of 1,220,000 ordinary fully paid securities on the ASX, effective November 6, 2025. This move is part of the company’s strategic efforts to enhance its market presence and operational capabilities, potentially impacting its positioning within the betting technology industry and offering new opportunities for stakeholders.
BetMakers Technology Group announced the successful issuance and allotment of 10 million fully paid ordinary shares, raising A$1 million, with the shares subscribed by Tekkorp Holdings LLC. Additionally, the company converted performance rights into shares as part of its Long-Term Incentive Plan, indicating a strategic move to strengthen its financial position and incentivize performance, potentially impacting its market standing and stakeholder interests.
Betmakers Technology Group Ltd has released an updated constitution effective from 31 October 2025, detailing various aspects of its corporate governance and operational framework. This announcement outlines the company’s structure and governance policies, which are crucial for maintaining compliance with industry regulations and ensuring transparency for shareholders and stakeholders.
Betmakers Technology Group announced that all resolutions proposed at their Annual General Meeting were passed by the required majority. This includes the adoption of the remuneration report, re-election of directors, and approval of various rights and placement capacities, indicating strong shareholder support and potential for strategic growth.
BetMakers Technology Group has successfully completed its transformation phase, emerging as a stable and profitable business poised for growth. The company is now focused on expanding internationally and consolidating its position as a leader in the B2B horse wagering technology sector. With a strong foundation built on next-generation technology and disciplined cost management, BetMakers aims to drive top-line revenue growth, expand profit margins, and generate free cash flow. The company plans to leverage its advanced platforms, such as GTX and Apollo, to capture new market opportunities and lead the industry into an era of AI-powered innovation.
BetMakers Technology Group Limited has released its Q1 FY26 update, highlighting its position as a global market leader in racing technology solutions. The update emphasizes the company’s commitment to leveraging advanced technology to improve racing operations, despite the inherent risks and uncertainties in the industry. The company remains focused on maintaining its competitive edge and adapting to various economic and regulatory challenges.
BetMakers Technology Group has reported a 361% growth in Adjusted EBITDA for the first quarter of FY26, driven by revenue growth, margin expansion, and cost discipline. The company’s strategic initiatives, including the acquisition of the Las Vegas Dissemination Company, aim to tap into the under-digitized Nevada racing market, potentially unlocking significant growth and operational efficiencies.
Betmakers Technology Group has announced its upcoming Annual General Meeting for shareholders, scheduled for October 31, 2025. The meeting will be conducted in a hybrid format, allowing shareholders to participate either online or in person. The company encourages shareholders to vote by proxy and submit questions in advance to facilitate a smooth meeting process. This announcement underscores Betmakers’ commitment to maintaining transparent communication with its stakeholders and adapting to modern meeting formats.
Betmakers Technology Group Limited has announced a change in the director’s interest, specifically regarding Matthew Davey, who has seen a cancellation of 34% of his FY23 Tranche 2 Performance Rights. This adjustment reflects the company’s adherence to performance-based vesting conditions, which could impact the company’s governance and stakeholder confidence by demonstrating a commitment to performance metrics.
Betmakers Technology Group Ltd announced the issuance of 5,912,500 unquoted performance rights as part of an employee incentive scheme. This move is expected to strengthen the company’s operational capabilities by aligning employee interests with company performance, potentially impacting its market position positively.
BetMakers Technology Group Ltd announced the vesting of 1,910,700 FY23 Tranche 2 performance rights under its Long-Term Incentive Plan, which are now eligible for conversion into fully paid ordinary shares. This move reflects the company’s commitment to aligning its growth with shareholder interests and maintaining transparency in its operations, as evidenced by the issuance of 3,743,000 shares without disclosure to investors, in compliance with relevant corporate regulations.
BetMakers Technology Group Ltd has successfully met the performance hurdle for Tranche 1 of its Long-Term Incentive Plan (LTIP), achieving an EBITDA annual run-rate of $10.8 million and $6.4 million in operating cash-flow for the six months ending June 2025. This milestone reflects the company’s strategic focus on expanding its global footprint and enhancing shareholder value, as evidenced by the conversion of 5,000,000 performance rights into fully paid ordinary shares.