Cardlytics (CDLX) Research & Development (2017 - 2026)
Cardlytics (CDLX) reported Research & Development of $6.4 million for Q1 2026, down 37.44% on a YoY basis from $10.3 million in Q1 2025, and down 19.27% quarter-over-quarter from $8.0 million in Q4 2025.
Cardlytics (CDLX) Research & Development (2017 - 2026) Analysis & Trends
Cardlytics has reported Research & Development for 10 years, with the latest figure at $6.4 million in Q1 2026.
- For the quarter ending Q1 2026, Research & Development fell 37.44% year-over-year to $6.4 million; the trailing twelve-month figure through Mar 2026 stood at $34.5 million (down 26.36% YoY), and the FY2025 full-year result was $39.8 million, down 19.84% from the prior year.
- Research & Development for Q1 2026 stood at $6.4 million, down from $8.0 million in the prior quarter.
- The five-year high for Research & Development was $14.8 million in Q2 2023, with the low at $6.4 million in Q1 2026.
- Historically, Research & Development has averaged $11.8 million across 5 years, with a median of $12.4 million in 2023.
- Annual changes were most pronounced in 2022 — Research & Development surged 97.67% — and 2026, when it plunged 37.44%.
- Cardlytics' Research & Development stood at $14.8 million in 2022, then slipped by 15.47% to $12.5 million in 2023, then fell by 20.91% to $9.9 million in 2024, then retreated by 19.5% to $8.0 million in 2025, then dropped by 19.27% to $6.4 million in 2026.
- The last three Research & Development figures came in at $6.4 million (Q1 2026), $8.0 million (Q4 2025), and $8.8 million (Q3 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | AppLovin | 175.91 Bn | 173.15 Bn | 1.78 Bn | 94.10 Mn |
| 2 | Omnicom | 22.52 Bn | 18.86 Bn | 1.04 Bn | - |
| 3 | Trade Desk | 9.46 Bn | 8.05 Bn | 506.89 Mn | 142.72 Mn |
| 4 | Wpp | 2.71 Bn | -875.81 Mn | - | - |
| 5 | Nexxen International | 2.36 Bn | 2.23 Bn | 70.41 Mn | 15.05 Mn |
| 6 | Magnite | 2.27 Bn | 2.09 Bn | 118.28 Mn | 25.17 Mn |
| 7 | Ziff Davis | 1.74 Bn | 1.22 Bn | 152.41 Mn | 13.64 Mn |
| 8 | DoubleVerify Holdings | 1.69 Bn | 1.51 Bn | 135.23 Mn | 45.38 Mn |
| 9 | Stagwell | 1.60 Bn | 1.51 Bn | 244.61 Mn | - |
| 10 | Cardlytics | 255.27 Mn | 195.46 Mn | 27.56 Mn | 6.43 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 6.43 Mn |
| Dec 31, 2025 | 7.97 Mn |
| Sep 30, 2025 | 8.80 Mn |
| Jun 30, 2025 | 11.30 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 |
| Jun 30, 2021 | 8.93 Mn |