Cardlytics (CDLX) Operating Expenses (2017 - 2026)
Cardlytics (CDLX) posted Operating Expenses of $42.6 million for Q1 2026, down 31.51% on a QoQ basis from $62.2 million in Q4 2025, and down 36.95% year-over-year from $67.6 million in Q1 2025.
Cardlytics (CDLX) Operating Expenses (2017 - 2026) Analysis & Trends
Cardlytics' Operating Expenses history runs 10 years deep, the most recent figure standing at $42.6 million for 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 was $42.6 million for Q1 2026 at Cardlytics, down from $62.2 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.
- 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 plunged 58.7%.
- Cardlytics' 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 slumped by 31.51% to $42.6 million in 2026.
- Business Quant data shows CDLX's Operating Expenses at $42.6 million in Q1 2026, $62.2 million in Q4 2025, and $120.9 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | AppLovin | 134.57 Bn | 131.82 Bn | 1.64 Bn | 402.52 Mn |
| 2 | Wpp | 26.03 Bn | 22.66 Bn | - | - |
| 3 | Omnicom | 22.21 Bn | 18.26 Bn | 1.04 Bn | 5.60 Bn |
| 4 | Trade Desk | 7.97 Bn | 6.56 Bn | 506.89 Mn | 622.21 Mn |
| 5 | Magnite | 2.57 Bn | 2.39 Bn | 103.96 Mn | 156.65 Mn |
| 6 | Ziff Davis | 1.94 Bn | 1.42 Bn | 223.32 Mn | 264.71 Mn |
| 7 | Stagwell | 1.76 Bn | 1.66 Bn | 244.61 Mn | 694.50 Mn |
| 8 | DoubleVerify Holdings | 1.67 Bn | 1.50 Bn | 147.67 Mn | 71.31 Mn |
| 9 | Clear Channel Outdoor Holdings | 1.20 Bn | 1.03 Bn | 193.76 Mn | 97.41 Mn |
| 10 | Cardlytics | 21.20 Mn | -38.60 Mn | - | 42.59 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 103.08 Mn |