GAN Limited (GAN)

GAN (UK) Limited • GameAccount Alderney Limited • GAN Nevada, Inc. • GAN Software Services BG Ltd • Lockbox Games Limited • GAN Digital Ltd • GAN Services Limited • Vincent Group Ltd • Polar Ltd • DoubleSpin Ltd ...

GAN stock data

1M 3M 6M 1Y

Latest filings (excl ownership)

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8-K

GAN Announces extension of SEGA SAMMY Merger Agreement

7 Feb 25

8-K

Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard

8 Nov 24

GAN Reports Third Quarter 2024 Financial Results

8 Nov 24

8-K

GAN Announces Approval of Merger by the Nevada Gaming Commission

9 Aug 24

GAN Reports Second Quarter 2024 Financial Results

9 Aug 24

8-K

GAN Announces CFIUS Clearance for SEGA SAMMY Merger

9 May 24

GAN Reports First Quarter 2024 Financial Results

9 May 24

Transcripts

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GAN

Earnings call transcript

2023 Q1

10 May 23

GAN

Earnings call transcript

2022 Q4

30 Mar 23

GAN

Earnings call transcript

2022 Q3

14 Nov 22

GAN

Earnings call transcript

2022 Q2

16 Aug 22

GAN

Earnings call transcript

2022 Q1

17 May 22

GAN

Earnings call transcript

2021 Q4

23 Mar 22

GAN

Earnings call transcript

2021 Q3

12 Nov 21

GAN

Earnings call transcript

2021 Q2

17 Aug 21

GAN

Earnings call transcript

2021 Q1

18 May 21

GAN

Earnings call transcript

2020 Q4

26 Mar 21

Latest ownership filings

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SC 13G

GOLDMAN SACHS GROUP INC

Financial summary

Financial statements Chart GAN financial data

Quarter (USD)	Sep 24	Jun 24	Mar 24	Dec 23
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 23	Dec 22	Dec 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	36.48 mm	36.48 mm	36.48 mm	36.48 mm	36.48 mm	36.48 mm
Cash burn (monthly)	127.33 k	227.75 k	(no burn)	1.07 mm	257.00 k	(no burn)
Cash used (since last report)	640.05 k	1.14 mm	n/a	5.38 mm	1.29 mm	n/a
Cash remaining	35.84 mm	35.33 mm	n/a	31.09 mm	35.19 mm	n/a
Runway (months of cash)	281.5	155.1	n/a	29.0	136.9	n/a

Beta Read what these cash burn values mean

Financial data from GAN Limited earnings reports.

Institutional ownership, Q4 2024

GAN institutional ownership history Ownership history

36.2% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	53	35	+51.4%
Opened positions	22	25	-12.0%
Closed positions	4	3	+33.3%
Increased positions	6	3	+100.0%
Reduced positions	13	1	+1200.0%

13F shares	Current	Prev Q	Change
Total value	21.49 bn	10.59 bn	+102.8%
Total shares	16.49 mm	8.34 mm	+97.6%
Total puts	400.00	0.00	NEW
Total calls	0.00	0.00
Total put/call ratio	Infinity	–	–

Largest owners	Shares	Value	Change
GS The Goldman Sachs Group, Inc.	2.31 mm	$4.37 mm	NEW
Oddo BHF Asset Management Sas	2.16 mm	$3.93 bn	NEW
Smurfit Michael WJ	2.09 mm	$53.35 mm	0.0%
Cigogne Management	1.30 mm	$2.36 bn	NEW
Renaissance Technologies	1.24 mm	$2.26 bn	+51.8%
Dynamic Technology Lab Private	954.46 k	$1.74 bn	+26.8%
Arrowstreet Capital, Limited Partnership	925.45 k	$1.68 bn	NEW
BlackRock	677.30 k	$1.23 bn	+0.1%
Vanguard	598.16 k	$1.09 bn	0.0%
Black Maple Capital Management	568.25 k	$1.03 bn	NEW

Largest transactions	Shares	Bought/sold	Change
GS The Goldman Sachs Group, Inc.	2.31 mm	+2.31 mm	NEW
Oddo BHF Asset Management Sas	2.16 mm	+2.16 mm	NEW
Cigogne Management	1.30 mm	+1.30 mm	NEW
Arrowstreet Capital, Limited Partnership	925.45 k	+925.45 k	NEW
Black Maple Capital Management	568.25 k	+568.25 k	NEW
Credit Industriel Et Commercial	554.61 k	+554.61 k	NEW
Bridgeway Capital Management	87.29 k	-553.00 k	-86.4%
Renaissance Technologies	1.24 mm	+424.68 k	+51.8%
CSS	241.10 k	+241.10 k	NEW
Dynamic Technology Lab Private	954.46 k	+201.71 k	+26.8%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

GAN insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
2 Feb 25	Brian P Chang	Ordinary Shares	Payment of exercise	Dispose F	No	No	1.89	11,004	20.80 k	65,155
2 Feb 25	Brian P Chang	Ordinary Shares	Option exercise	Acquire M	No	No	0	26,786	0.00	76,159
2 Feb 25	Brian P Chang	RSU Ordinary Shares	Option exercise	Dispose M	No	No	0	26,786	0.00	53,570
26 Jan 25	Sylvia Tiscareno	Ordinary Shares	Payment of exercise	Dispose F	No	No	1.87	5,673	10.61 k	143,623
26 Jan 25	Sylvia Tiscareno	Ordinary Shares	Option exercise	Acquire M	No	No	0	19,132	0.00	149,296
26 Jan 25	Sylvia Tiscareno	RSU Ordinary Shares	Option exercise	Dispose M	No	No	0	19,132	0.00	19,133
31 Oct 24	Brian P Chang	Ordinary Shares	Payment of exercise	Dispose F	No	No	1.8	905	1.63 k	49,373
31 Oct 24	Brian P Chang	Ordinary Shares	Option exercise	Dispose M	No	No	0	2,535	0.00	50,278
31 Oct 24	Brian P Chang	RSU Ordinary Shares	Option exercise	Dispose M	No	No	0	2,535	0.00	2,535
5 Oct 24	Seamus M Mcgill	Ordinary Shares	Payment of exercise	Dispose F	No	No	1.75	27,054	47.34 k	144,256

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Press releases

From Benzinga Pro

GAN Announces Extension of SEGA SAMMY Merger Agreement

7 Feb 25

GAN Limited (the "Company" or "GAN") (NASDAQ:GAN), a leading North American B2B technology provider of real money internet gaming solutions and a leading International B2C operator of Internet sports betting, today