Cardlytics CDLX
NASDAQ CDLX
$4.27 +0.53 (+14.17%)
At close: Sep 9, 2026 · 4:00 PM EDT

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

Historic Data

Download Data
DateValue
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