Cardlytics (CDLX) Operating Expenses (2017 - 2026)
Cardlytics' (CDLX) quarterly Operating Expenses came in at $42.3 million in Q2 2026, down 37.4% on a YoY basis from $67.6 million in Q2 2025, and down 0.63% quarter-over-quarter from $42.6 million in Q1 2026.
Analysis
Cardlytics (CDLX) Operating Expenses (2017 - 2026) Analysis & Trends
Cardlytics (CDLX) has reported Operating Expenses for 10 consecutive years, with $42.3 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses fell 37.4% year-over-year to $42.3 million; the trailing twelve-month figure through Jun 2026 stood at $268.0 million (down 38.12% YoY), and the FY2025 full-year result was $335.1 million, down 29.28% from the prior year.
- Operating Expenses eased to $42.3 million in Q2 2026 per CDLX's latest filing, from $42.6 million in the prior quarter.
- Across five years, Operating Expenses topped out at $465.1 million in Q4 2022 and bottomed at $32.3 million in Q1 2022.
- Historically, Operating Expenses has averaged $115.5 million across 5 years, with a median of $83.9 million in 2024.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses surged 336.92% in 2022, then slumped 58.7% in 2023.
- Over 5 years, Operating Expenses stood at $465.1 million in 2022, then plunged by 58.7% to $192.1 million in 2023, then tumbled by 57.15% to $82.3 million in 2024, then retreated by 24.45% to $62.2 million in 2025, then tumbled by 31.95% to $42.3 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $42.3 million, $42.6 million, and $62.2 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,988.57 Bn | 3,559.53 Bn | 73.85 Bn | 79.03 Bn |
| 2 | AppLovin | 102.43 Bn | 99.38 Bn | 1.70 Bn | 429.41 Mn |
| 3 | Trade Desk | 6.51 Bn | 5.03 Bn | 530.72 Mn | 613.48 Mn |
| 4 | Magnite | 3.38 Bn | 3.05 Bn | 130.79 Mn | 161.60 Mn |
| 5 | DoubleVerify Holdings | 2.06 Bn | 1.85 Bn | 161.31 Mn | 75.23 Mn |
| 6 | Digital Turbine | 1.28 Bn | 1.24 Bn | - | - |
| 7 | Taboola.com | 1.03 Bn | 897.53 Mn | 139.48 Mn | 132.22 Mn |
| 8 | Quinstreet | 1.02 Bn | 890.87 Mn | 49.81 Mn | 21.08 Mn |
| 9 | Ibotta | 916.56 Mn | 768.39 Mn | 69.72 Mn | 71.60 Mn |
| 10 | Cardlytics | 24.59 Mn | -3.45 Mn | - | 42.32 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 42.32 Mn |
| Mar 31, 2026 | 42.59 Mn |
| Dec 31, 2025 | 62.19 Mn |
| Sep 30, 2025 | 120.89 Mn |
| Jun 30, 2025 | 67.61 Mn |
| Mar 31, 2025 | 67.55 Mn |
| Dec 31, 2024 | 82.31 Mn |
| Sep 30, 2024 | 215.60 Mn |
| Jun 30, 2024 | 85.45 Mn |
| Mar 31, 2024 | 90.43 Mn |
| Dec 31, 2023 | 192.09 Mn |
| Sep 30, 2023 | 99.66 Mn |
| Jun 30, 2023 | 101.02 Mn |
| Mar 31, 2023 | 52.10 Mn |
| Dec 31, 2022 | 465.14 Mn |
| Sep 30, 2022 | 61.19 Mn |
| Jun 30, 2022 | 197.72 Mn |
| Mar 31, 2022 | 32.27 Mn |
| Dec 31, 2021 | 106.46 Mn |
| Sep 30, 2021 | 104.78 Mn |