BRSL (Brightstar Lottery) Research & Development: $51 Mil (TTM As of Mar. 2026)


BRSL Brightstar Lottery PLC BRSL
64 GF Score
Price $10.82
GF Value $18.90
Valuation Possible Value Trap
! 6 Warning Signs
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What is Brightstar Lottery Research & Development?

Brightstar Lottery BRSL 64 Research & Development is $51 Mil as of Mar. 2026. GuruFocus rates BRSL with a GF Score™ of 64/100 and a GF Value™ of $18.90 (Possible Value Trap). The stock has 6 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Brightstar Lottery's Research & Development for the three months ended in Mar. 2026 was $14 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was $51 Mil.

Brightstar Lottery  (NYSE:BRSL) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.

Brightstar Lottery Research & Development Related Terms

Brightstar Lottery Research & Development Historical Data

* Premium members only.

The historical data trend for Brightstar Lottery's Research & Development can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Brightstar Lottery Research & Development Chart

Brightstar Lottery Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Research & Development
Get a 7-Day Free Trial Premium Member Only Premium Member Only 238.00 45.00 36.00 43.00 47.00

Brightstar Lottery Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Research & Development Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.00 12.00 11.00 14.00 14.00
BRSL
64GF Score
Brightstar Lottery PLC BRSL
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Brightstar Lottery Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $51 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Research & Development →
What does a Research & Development of $51 Mil mean?
Brightstar Lottery (BRSL) has a Research & Development of $51 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Brightstar Lottery and its competitors.
Is Brightstar Lottery's Research & Development too high?
Brightstar Lottery's current Research & Development is $51 Mil. Overall, Brightstar Lottery has a GF Score™ of 64/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Brightstar Lottery's Research & Development compare to RSI and ACEL?
Brightstar Lottery's Research & Development of $51 Mil can be compared against companies in the Travel & Leisure industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Research & Development for a Travel & Leisure company?
A good Research & Development depends on the Travel & Leisure industry context. However, Research & Development should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Research & Development mean?
A high Research & Development can signal that a stock is expensive relative to its fundamentals. Research and development expense is the total cost for research and development activities. View historical data on Brightstar Lottery and its competitors. Brightstar Lottery's current Research & Development is $51 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Brightstar Lottery stock overvalued right now?
Based on GuruFocus' analysis, Brightstar Lottery (BRSL) is currently considered Possible Value Trap. The stock's GF Value™ is $18.90, compared to a current price of $10.82 — trading 42.8% below its estimated fair value. The current Research & Development is $51 Mil. Brightstar Lottery's overall GF Score™ is 64/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Research & Development calculated?
Research & Development is calculated from a company's financial statements. For Brightstar Lottery (BRSL), the current Research & Development is $51 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Brightstar Lottery (BRSL) Overvalued in 2026?

Based on GuruFocus' analysis, Brightstar Lottery stock appears to be undervalued. The current stock price of $10.82 is trading 42.8% below its estimated GF Value™ of $18.90. GuruFocus considers Brightstar Lottery to be Possible Value Trap.

Key valuation signals for BRSL:

  • Research & Development: $51 Mil
  • GF Value™: $18.90 vs. price of $10.82 (42.8% below fair value)
  • GF Score™: 64/100 with 6 warning signs

No single metric tells the full story. See the BRSL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Brightstar Lottery Business Description

Other Exchanges 7IG:Germany
Address 2 and 3 Eldon Street, Fifth Floor, Eldon House, London, GBR, EC2M 7LS
Brightstar Lottery PLC is a pure-play lottery company focused on innovation, delivering secure technology and comprehensive lottery solutions. The Company operates lottery management services and instant lottery systems, and runs an international land-based lottery and iLottery business covering sales, operations, product development, technology, and support, while serving as an iLottery platform provider. Lottery services are delivered through operating contracts, FMCs, LMAs, iLottery, and product sales contracts, including the Italian Lotto license and Italian Scratch and Win (Gratta e Vinci) lottery license. The majority of revenue comes from operating contracts and FMCs. Brightstar operates in the US, Italy, Rest of Europe, and Others, with the majority of revenue coming from the US.
64GF Score

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Research & Development is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$10.82
Price
$18.90
GF Value