Gambling.com (GAMB) Operating Expenses (2020 - 2025)
Gambling.com (GAMB) posted Operating Expenses of -$15.4 million for Q4 2025, down 12.08% on a QoQ basis from -$13.7 million in Q3 2025, and down 38.76% year-over-year from -$25.1 million in Q4 2024.
Gambling.com (GAMB) has 6 years of Operating Expenses data on file, last reported at -$15.4 million in Q4 2025.
- In Q4 2025, Operating Expenses fell 38.76% year-over-year to -$15.4 million; the TTM figure through Dec 2025 stood at -$56.5 million (down 42.75% YoY), while the FY2025 annual figure was $57.0 million, up 30.36% from the prior year.
- Operating Expenses fell to -$15.4 million in Q4 2025, from -$13.7 million in the prior quarter.
- Across five years, Operating Expenses topped out at -$3.5 million in Q1 2021 and bottomed at -$15.4 million in Q4 2025.
- A 5-year average of -$9.0 million and a median of -$8.5 million in 2021 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2021 — Operating Expenses slumped 141.41% — and 2022, when it grew 17.38%.
- Year by year, Operating Expenses stood at -$5.1 million in 2021, then slumped by 46.22% to -$7.4 million in 2022, then plunged by 35.67% to -$10.1 million in 2023, then retreated by 10.12% to -$11.1 million in 2024, then plunged by 38.76% to -$15.4 million in 2025.
- The last three Operating Expenses figures came in at -$15.4 million (Q4 2025), -$13.7 million (Q3 2025), and -$14.6 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Flutter Entertainment | 18.39 Bn | 17.30 Bn | 1.84 Bn | 792.00 Mn |
| 2 | DraftKings | 13.23 Bn | 12.22 Bn | 696.69 Mn | 289.11 Mn |
| 3 | Churchill Downs | 6.28 Bn | 6.13 Bn | 475.00 Mn | 520.00 Mn |
| 4 | Rush Street Interactive | 2.60 Bn | 2.43 Bn | 132.17 Mn | 327.58 Mn |
| 5 | Brightstar Lottery | 2.28 Bn | 2.94 Bn | - | - |
| 6 | Accel Entertainment | 1.01 Bn | 735.58 Mn | 109.94 Mn | 324.48 Mn |
| 7 | Codere Online Luxembourg | 490.38 Mn | 420.96 Mn | - | - |
| 8 | Bragg Gaming | 269.74 Mn | 261.99 Mn | 18.22 Mn | 128.91 Mn |
| 9 | Inspired Entertainment | 233.43 Mn | 189.93 Mn | 54.60 Mn | 24.30 Mn |
| 10 | Gambling.com | - | - | 39.34 Mn | -15.36 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -15.36 Mn |
| Sep 30, 2025 | -13.70 Mn |
| Jun 30, 2025 | -14.56 Mn |
| Mar 31, 2025 | -12.87 Mn |
| Dec 31, 2024 | -11.07 Mn |
| Sep 30, 2024 | -9.66 Mn |
| Jun 30, 2024 | -9.33 Mn |
| Mar 31, 2024 | -9.52 Mn |
| Dec 31, 2023 | -10.05 Mn |
| Sep 30, 2023 | -7.36 Mn |
| Jun 30, 2023 | -9.39 Mn |
| Mar 31, 2023 | -7.58 Mn |
| Dec 31, 2022 | -7.41 Mn |
| Sep 30, 2022 | -6.38 Mn |
| Jun 30, 2022 | -6.30 Mn |
| Mar 31, 2022 | -6.19 Mn |
| Dec 31, 2021 | -5.07 Mn |
| Sep 30, 2021 | -7.72 Mn |
| Jun 30, 2021 | -7.24 Mn |
| Mar 31, 2021 | -3.46 Mn |
| Dec 31, 2020 | -3.41 Mn |
| Sep 30, 2020 | -3.93 Mn |
| Jun 30, 2020 | -3.00 Mn |