NASDAQ · Financial Statements

Codere Online Luxembourg, S.A. (CDRO) Financial Statements

$8.99 NASDAQ: CDRO Market Cap $408.77M

Codere Online Luxembourg, S.A. most recently reported annual revenue of $210.0M, net profit of $1.0M. Revenue grew at an average annual rate of 24.6% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Codere Online Luxembourg, S.A.: Revenue rose from $62.0M in 2019 to $210.0M in 2025, a change of +238.7% over 6 years; net profit was positive in 2 of 8 reported years; operating margin moved from -25.8% to 2.7%, a shift of +28.5 percentage points; the most recent year shows net profit of $1.0M.

Income Statement — 8 Years (USD millions)

Metric20182019202020212022202320242025
Revenue—$62.0M$70.0M$80.0M$116.0M$162.0M$201.0M$210.0M
Operating Expenses—$77.0M$85.0M$151.0M$172.0M$176.0M$196.0M$205.0M
Operating Profit—$-16.0M$-14.0M$-71.0M$-56.0M$-15.0M$4.0M$6.0M
Operating Margin0.0%-25.8%-20.2%-88.5%-48.3%-9.1%2.2%2.7%
Other Income—$0$-1.0M$4.0M$12.0M$6.0M$1.0M$-2.0M
Interest$0$0$1.0M$1.0M$13.0M$0$0$0
Depreciation—$1.0M$1.0M$0$0$0$0$0
Profit Before Tax—$-16.0M$-15.0M$-67.0M$-43.0M$-9.0M$5.0M$3.0M
Tax—$-330,000$-10.2M$-1.4M$-6.8M$73.0M$27.2M$60.9M
Net Profit—$-16.0M$-16.0M$-68.0M$-46.0M$-2.0M$4.0M$1.0M
EPS$0.00$-268.22$-1.84$-1.51$-1.03$-0.05$0.08$0.03
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricJun '23Sep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Jun '26
Revenue$37.0M$44.0M$44.0M$51.0M$51.0M$49.0M$49.0M$53.0M$53.0M$53.0M$53.0M$65.0M
Operating Expenses$43.0M$45.0M$45.0M$50.0M$50.0M$48.0M$48.0M$51.0M$51.0M$51.0M$51.0M$0
Operating Profit$-6.0M$-2.0M$-2.0M$1.0M$1.0M$1.0M$1.0M$2.0M$2.0M$1.0M$1.0M$65.0M
Operating Margin-15.2%-4.0%-4.0%1.6%1.6%2.7%2.7%2.9%2.9%2.6%2.6%99.7%
Interest$0$0$0$0$0$0$0$0$0$0$0$0
Profit Before Tax$-1.0M$-3.0M$-3.0M$0$0$2.0M$2.0M$-1.0M$-1.0M$3.0M$3.0M$0
Tax$88.2M$66.2M$66.2M$137.4M$137.4M$11.5M$11.5M$-67.7M$-67.7M$14.4M$14.4M—
Net Profit$0$-1.0M$-1.0M$0$0$2.0M$2.0M$-2.0M$-2.0M$2.0M$2.0M$-1.0M
EPS$0.00$-0.02$-0.02$0.00$0.00$0.04$0.04$-0.03$-0.03$0.05$0.05$-0.03

Over the 8 years reported for Codere Online Luxembourg, S.A., borrowings decreased from $40.0M in 2018 to $4.0M in 2025, cash stood at $50.0M in the latest year, shareholders' equity was $46.0M, current assets covered current liabilities 1.37 times.

Balance Sheet — 8 Years (USD millions)

Metric20182019202020212022202320242025
Total Assets$36.0M$44.0M$19.0M$105.0M$69.0M$74.0M$75.0M$81.0M
Current Assets$33.0M$42.0M$17.0M$105.0M$68.0M$65.0M$63.0M$67.0M
Cash$3.0M$8.0M$11.0M$95.0M$54.0M$41.0M$40.0M$50.0M
Inventory$0$-4.0M$0$0$0$0$0$0
Receivables$27.0M$30.0M$1.0M$5.0M$7.0M$13.0M$7.0M$6.0M
Fixed Assets$0$0$0$0$0$0$2.0M$2.0M
Capital Work in Progress$0$0$0$0$0$0$0$0
Investments$3.0M$4.0M$5.0M$4.0M$7.0M$10.0M$13.0M$10.0M
Other Assets$0$0$0$0$0$0$0$0
Total Liabilities$55.0M$76.0M$58.0M$37.0M$45.0M$53.0M$50.0M$52.0M
Current Liabilities$42.0M$54.0M$37.0M$32.0M$43.0M$52.0M$45.0M$49.0M
Borrowings$40.0M$52.0M$39.0M$3.0M$5.0M$5.0M$5.0M$4.0M
Other Liabilities$16.0M$24.0M$19.0M$34.0M$40.0M$47.0M$45.0M$48.0M
Equity$0$0$0$45.0M$45.0M$45.0M$45.0M$46.0M
Reserves$-19.0M$-31.0M$-40.0M$68.0M$24.0M$21.0M$24.0M$29.0M

For Codere Online Luxembourg, S.A., operating cash flow was positive in 3 of 8 reported years; free cash flow in the latest year was $16.0M; free cash flow was positive in 3 of 8 years; financing activities used $3.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 8 Years (USD millions)

Metric20182019202020212022202320242025
Operating Cash Flow—$-1.0M$3.0M$-5.0M$-42.0M$-12.0M$4.0M$17.0M
Investing Cash Flow—$0$0$0$0$0$-1.0M$0
Financing Cash Flow—$0$0$89.0M$0$0$0$-3.0M
Net Cash Flow—$5.0M$3.0M$84.0M$-41.0M$-13.0M$-1.0M$10.0M
Free Cash Flow$0$-1.0M$3.0M$-5.0M$-43.0M$-12.0M$4.0M$16.0M

Valuation & Return Ratios

MetricValue
PEG Ratio-6.39
EV / EBITDA4.48
FCF Yield3.81%
Quick Ratio1.77
Interest Coverage—
Return 1Y6.61%
Return 3Y186.67%
Return 5Y-3.13%

Codere Online Luxembourg, S.A. (CDRO) financials — frequently asked questions

What is Codere Online Luxembourg, S.A.'s annual revenue?

Codere Online Luxembourg, S.A. (CDRO) reported annual revenue of $210.0M in its most recent fiscal year.

What is Codere Online Luxembourg, S.A.'s net profit?

Codere Online Luxembourg, S.A. (CDRO) reported net profit of $1.0M in its most recent fiscal year.

What is CDRO EV/EBITDA?

Codere Online Luxembourg, S.A.'s enterprise value to EBITDA (EV/EBITDA) ratio is 4.48.

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Data for information only, not investment advice. Figures may be delayed or inaccurate; verify against company filings. See our disclaimer.