Cardlytics (CDLX) Operating Expenses (2017 - 2026)
Cardlytics' (CDLX) quarterly Operating Expenses came in at $42.6 million in Q1 2026, down 36.95% YoY from $67.6 million in Q1 2025, and down 31.51% on a QoQ basis from $62.2 million in Q4 2025.
Cardlytics (CDLX) Operating Expenses (2017 - 2026) Analysis & Trends
Cardlytics (CDLX) has 10 years of Operating Expenses data on file, last reported at $42.6 million in Q1 2026.
- Quarterly Operating Expenses fell 36.95% year-over-year to $42.6 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $301.7 million (down 33.09% YoY) and the FY2025 annual result came in at $335.1 million, down 29.28% from the prior year.
- Operating Expenses eased to $42.6 million in Q1 2026, from $62.2 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $465.1 million in Q4 2022 to a low of $32.3 million in Q1 2022.
- A 5-year average of $120.2 million and a median of $85.4 million in 2024 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses jumped 336.92% — and 2023, when it sank 58.7%.
- Tracing CDLX's Operating Expenses over 5 years: stood at $465.1 million in 2022, then slumped by 58.7% to $192.1 million in 2023, then sank by 57.15% to $82.3 million in 2024, then declined by 24.45% to $62.2 million in 2025, then plunged by 31.51% to $42.6 million in 2026.
- The last three Operating Expenses figures came in at $42.6 million (Q1 2026), $62.2 million (Q4 2025), and $120.9 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | AppLovin | 103.70 Bn | 100.65 Bn | 1.70 Bn | 429.41 Mn |
| 2 | Omnicom | 24.37 Bn | 21.03 Bn | 1.30 Bn | 5.64 Bn |
| 3 | Trade Desk | 6.27 Bn | 4.78 Bn | 530.72 Mn | 613.48 Mn |
| 4 | Wpp | 5.67 Bn | 2.50 Bn | - | - |
| 5 | Magnite | 3.35 Bn | 3.02 Bn | 130.79 Mn | 161.60 Mn |
| 6 | Stagwell | 2.09 Bn | 1.98 Bn | 269.24 Mn | 774.76 Mn |
| 7 | DoubleVerify Holdings | 2.05 Bn | 1.84 Bn | 161.31 Mn | 75.23 Mn |
| 8 | Ziff Davis | 2.02 Bn | 410.50 Mn | 241.03 Mn | 331.46 Mn |
| 9 | Clear Channel Outdoor Holdings | 1.22 Bn | 1.02 Bn | 241.86 Mn | 106.55 Mn |
| 10 | Cardlytics | 24.68 Mn | -3.36 Mn | - | 42.32 Mn |
Historic Data
Download 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 | 76.04 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 |