Cardlytics (CDLX) Research & Development (2017 - 2026)
Cardlytics (CDLX) reported Research & Development of $5.54 million for Q2 2026, down 43.9% from $9.87 million a year earlier and down 13.8% from the prior quarter.
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Analysis
Cardlytics (CDLX) Research & Development (2017 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Cardlytics' Research & Development came in at $28.73 million, down 33.5% year-over-year; for FY2025, it was $39.77 million, down 19.8% from FY2024.
- Research & Development has declined for three consecutive years, though with a five-year compound annual growth rate of 17.8% (FY2020 to FY2025).
- By year, Research & Development came in at $49.61 million in FY2024 (-3.4%), $51.35 million in FY2023 (-5.7%), $54.44 million in FY2022 (+42.9%) and $38.1 million in FY2021 (+117.3%).
- The Q2 2026 figure ranks as the lowest quarterly Research & Development since Q4 2020.
- Year over year, Research & Development has now declined in each of the last seven quarters, with an average decline of 24.6% over the last eight quarters.
- The high point for year-over-year Research & Development in five years was Q3 2021 (growth of 140.8%); the low point was Q2 2026 (a decline of 43.9%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $6.43 million (Q1 2026), $7.97 million (Q4 2025) and $8.8 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,164.76 Bn | 3,922.28 Bn | 73.85 Bn | 18.22 Bn |
| 2 | Meta Platforms | 1,823.40 Bn | 1,525.92 Bn | 49.47 Bn | 21.66 Bn |
| 3 | Netflix | 288.27 Bn | 248.47 Bn | 6.52 Bn | 1.01 Bn |
| 4 | Alibaba Group Holding | 252.72 Bn | 70.58 Bn | 15.11 Bn | -3.32 Bn |
| 5 | Shopify | 186.52 Bn | 163.71 Bn | 1.71 Bn | 445.00 Mn |
| 6 | Uber Technologies | 139.11 Bn | 111.09 Bn | 6.38 Bn | 1.04 Bn |
| 7 | Booking Holdings | 123.13 Bn | 56.18 Bn | - | - |
| 8 | PDD Holdings | 111.72 Bn | -140.21 Bn | 9.45 Bn | -673.00 Mn |
| 9 | AppLovin | 103.35 Bn | 93.38 Bn | 1.70 Bn | 99.90 Mn |
| 10 | Cardlytics | 17.12 Mn | -163.41 Mn | - | 5.54 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 5.54 Mn |
| Mar 31, 2026 | 6.43 Mn |
| Dec 31, 2025 | 7.97 Mn |
| Sep 30, 2025 | 8.80 Mn |
| Jun 30, 2025 | 9.87 Mn |
| Mar 31, 2025 | 10.28 Mn |
| Dec 31, 2024 | 9.90 Mn |
| Sep 30, 2024 | 13.19 Mn |
| Jun 30, 2024 | 13.47 Mn |
| Mar 31, 2024 | 13.05 Mn |
| Dec 31, 2023 | 12.51 Mn |
| Sep 30, 2023 | 12.43 Mn |
| Jun 30, 2023 | 14.85 Mn |
| Mar 31, 2023 | 11.56 Mn |
| Dec 31, 2022 | 14.80 Mn |
| Sep 30, 2022 | 13.76 Mn |
| Jun 30, 2022 | 13.58 Mn |
| Mar 31, 2022 | 12.29 Mn |
| Dec 31, 2021 | 11.81 Mn |
| Sep 30, 2021 | 11.14 Mn |
API Access
Cardlytics Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=CDLX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "CDLX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=CDLX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();