Cardlytics (CDLX) Research & Development (2017 - 2026)
Cardlytics (CDLX) posted Research & Development of $6.4 million for Q1 2026, down 17.68% on a QoQ basis from $7.8 million in Q4 2025, and down 37.44% year-over-year from $10.3 million in Q1 2025.
Cardlytics (CDLX) Research & Development (2017 - 2026) Analysis & Trends
Cardlytics' Research & Development history runs 10 years deep, the most recent figure standing at $6.4 million for Q1 2026.
- Quarterly Research & Development fell 37.44% year-over-year to $6.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $33.4 million (down 32.99% YoY) and the FY2025 annual result came in at $39.8 million, down 24.47% from the prior year.
- Research & Development was $6.4 million for Q1 2026 at Cardlytics, down from $7.8 million in the prior quarter.
- Across five years, Research & Development topped out at $35.1 million in Q4 2022 and bottomed at $6.4 million in Q1 2026.
- A 5-year average of $13.6 million and a median of $13.2 million in 2024 frame the typical range for Research & Development.
- Annual changes were most pronounced in 2022 — Research & Development surged 84.81% — and 2023, when it plunged 47.07%.
- Cardlytics' Research & Development stood at $35.1 million in 2022, then plunged by 47.07% to $18.6 million in 2023, then sank by 30.39% to $12.9 million in 2024, then sank by 39.62% to $7.8 million in 2025, then declined by 17.68% to $6.4 million in 2026.
- Business Quant data shows CDLX's Research & Development at $6.4 million in Q1 2026, $7.8 million in Q4 2025, and $7.9 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | AppLovin | 134.57 Bn | 131.82 Bn | 1.64 Bn | 94.10 Mn |
| 2 | Wpp | 26.03 Bn | 22.66 Bn | - | - |
| 3 | Omnicom | 22.21 Bn | 18.26 Bn | 1.04 Bn | - |
| 4 | Trade Desk | 7.97 Bn | 6.56 Bn | 506.89 Mn | 172.18 Mn |
| 5 | Magnite | 2.57 Bn | 2.39 Bn | 103.96 Mn | 46.09 Mn |
| 6 | Ziff Davis | 1.94 Bn | 1.42 Bn | 223.32 Mn | 115.23 Mn |
| 7 | Stagwell | 1.76 Bn | 1.66 Bn | 244.61 Mn | - |
| 8 | DoubleVerify Holdings | 1.67 Bn | 1.50 Bn | 147.67 Mn | 45.60 Mn |
| 9 | Clear Channel Outdoor Holdings | 1.20 Bn | 1.03 Bn | 193.76 Mn | - |
| 10 | Cardlytics | 21.20 Mn | -38.60 Mn | - | 6.43 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 6.43 Mn |
| Dec 31, 2025 | 7.81 Mn |
| Sep 30, 2025 | 7.87 Mn |
| Jun 30, 2025 | 11.30 Mn |
| Mar 31, 2025 | 10.28 Mn |
| Dec 31, 2024 | 12.94 Mn |
| Sep 30, 2024 | 13.16 Mn |
| Jun 30, 2024 | 13.47 Mn |
| Mar 31, 2024 | 14.12 Mn |
| Dec 31, 2023 | 18.58 Mn |
| Sep 30, 2023 | 14.16 Mn |
| Jun 30, 2023 | 14.85 Mn |
| Mar 31, 2023 | 11.56 Mn |
| Dec 31, 2022 | 35.11 Mn |
| Sep 30, 2022 | 13.76 Mn |
| Jun 30, 2022 | 13.58 Mn |
| Mar 31, 2022 | 12.29 Mn |
| Dec 31, 2021 | 19.00 Mn |
| Sep 30, 2021 | 11.14 Mn |
| Jun 30, 2021 | 8.93 Mn |