Gaming Corps AB (GCOR) AI Stock Analysis

Gaming Corps AB

(Nasdaq OMX AB:GCOR)

Select Model

Rating:45Neutral

Price Target:SEK 0.74▲(5.86% Upside)

Action:reiterated

Date:10/27/26

The overall score is heavily constrained by the company's severe financial distress, particularly its insolvent balance sheet and unprofitability. While top-line growth is a bright spot, the negative equity and cash burn represent existential risks. Technical trends are weak, and the negative P/E ratio confirms a lack of fundamental value support, making this a highly speculative investment.

Positive Factors

Revenue GrowthRevenue growth of about 20% in the latest TTM period, extending a multi-year uptrend, indicates continued demand for the studio’s content and broader distribution. If sustained, this expanding base can improve operating leverage and provide a foundation for eventual profitability.

Negative Factors

Deeply Negative EquityDeeply negative equity materially weakens the balance sheet and reduces financial flexibility. It raises the importance of external capital to support operations, while any recapitalization could create dilution risk and constrain management’s ability to invest in growth on favorable terms.

Gaming Corps AB (GCOR) vs. iShares MSCI Sweden ETF (EWD)

Market Cap: SEK 101.81M
Dividend Yield: ―
Average Volume (3M): 90.47K
Price to Earnings (P/E): -2.5
Beta (1Y): -0.05
Revenue Growth: 57.81%
EPS Growth: 9.24%
Country: Sweden
Employees: 33
Sector: Consumer Cyclical
Sector Strength: 61
Industry: Software - Application

Gaming Corps AB Business Overview & Revenue Model

Company Description

Established in 2013, Gaming Corps AB (publ) is a Swedish company specializing in the creation of digital games and interactive media. The firm operates from its headquarters in Stockholm.

How the Company Makes Money

Gaming Corps primarily makes money by developing casino games and licensing/distributing that content to online casino operators through platform integrations (often via third-party aggregators). Revenue is typically generated when its games are made...

Gaming Corps AB Financial Statement Overview

Summary

Financial health is precarious. Explosive revenue growth and improving gross margins are offset by deep net losses, negative equity, and ongoing cash burn. The insolvent balance sheet is a critical red flag, making this a high-risk, early-stage turnaround story.

Income Statement

18Very Negative

Balance Sheet

8Very Negative

Cash Flow

25Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	63.89M	48.68M	35.40M	31.12M	12.41M	2.36M
Gross Profit	-13.03M	-26.94M	1.07M	-1.32M	-25.06M	-22.30M
EBITDA	-30.08M	-25.20M	-23.43M	-20.55M	-22.30M	-20.43M
Net Income	-40.00M	-40.60M	-23.70M	-24.08M	-24.44M	-22.45M
Balance Sheet
Total Assets	36.75M	30.25M	30.53M	17.56M	21.98M	14.95M
Cash, Cash Equivalents and Short-Term Investments	1.46M	7.29M	11.83M	1.48M	9.59M	288.63K
Total Debt	2.60M	3.13M	4.82M	10.00M	4.00M	6.50M
Total Liabilities	60.73M	38.41M	18.34M	15.88M	8.55M	9.99M
Stockholders Equity	-23.99M	-8.17M	12.18M	1.68M	13.43M	4.95M
Cash Flow
Free Cash Flow	-17.05M	-19.18M	-21.76M	-22.58M	-24.00M	-28.79M
Operating Cash Flow	-10.21M	-19.01M	-21.76M	-22.58M	-23.83M	-22.00M
Investing Cash Flow	-16.44M	-11.57M	-4.50M	0	-167.71K	-5.50M
Financing Cash Flow	21.87M	26.03M	36.61M	14.47M	33.30M	5.50M

Gaming Corps AB Technical Analysis

Technical Analysis SentimentNegative

Last Price0.70

Price Trends

50DMA0.78Negative

100DMA0.73Negative

200DMA0.83Negative

Market Momentum

MACD-0.02Positive

RSI43.95Neutral

STOCH14.70Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:GCOR, the sentiment is Negative. The current price of 0.70 is below the 20-day moving average (MA) of 0.75, below the 50-day MA of 0.78, and below the 200-day MA of 0.83, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 43.95 is Neutral, neither overbought nor oversold. The STOCH value of 14.70 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:GCOR.

Gaming Corps AB Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

SE:GCOR against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SE:NITRO	70Outperform	SEK 33.02M	2.30	―	―	-36.26%	―
SE:MAGI	66Neutral	SEK 238.45M	268.66	0.31%	―	-4.32%	―
Sector *	61Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
SE:EG7	58Neutral	SEK 1.25B	-0.67	―	―	-11.07%	-734.06%
SE:G5EN	57Neutral	SEK 482.21M	20.87	5.13%	3.08%	-19.67%	-68.42%
SE:SF	45Neutral	SEK 3.20B	-1.60	―	―	-11.82%	73.35%
SE:GCOR	45Neutral	SEK 101.81M	-2.54	406.23%	―	57.81%	9.24%

* Consumer Cyclical Sector Average

Performance Comparison

SE:GCOR and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
SE:GCOR	Gaming Corps AB	0.70	-0.44	-38.60%
SE:G5EN	G5 Entertainment AB	64.90	-25.64	-28.32%
SE:MAGI	MAG Interactive AB	9.00	0.10	1.12%
SE:SF	Stillfront Group AB	6.17	-0.26	-4.04%
SE:NITRO	Nitro Games Plc	1.32	-0.17	-11.55%
SE:EG7	Enad Global 7 AB	14.12	-2.22	-13.59%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 27, 2026

Gaming Corps AB AI Stock Analysis