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
DateValue
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