Gambling.com (GAMB) Operating Expenses (2020 - 2025)
Gambling.com (GAMB) posted quarterly Operating Expenses of -$25.5 million for Q4 2025, down 42.36% year-on-year from -$44.2 million in Q4 2024, and down 8.22% on a QoQ basis from -$23.6 million in Q3 2025.
Gambling.com (GAMB) Operating Expenses (2020 - 2025) Analysis & Trends
Gambling.com (GAMB) has reported Operating Expenses for 6 consecutive years, with -$25.5 million the latest figure, recorded in Q4 2025.
- Quarterly Operating Expenses fell 42.36% year-over-year to -$25.5 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$95.7 million (down 41.51% YoY) and the FY2025 annual result came in at -$30.8 million, down 162.98% from the prior year.
- Operating Expenses eased to -$25.5 million in Q4 2025 per GAMB's latest filing, from -$23.6 million in the prior quarter.
- Over the last five years, Operating Expenses for GAMB reached as high as -$5.5 million in Q1 2021 and fell as low as -$25.5 million in Q4 2025.
- A 5-year average of -$15.2 million and a median of -$15.1 million in 2022 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2021 — Operating Expenses sank 141.41% — and 2023, when it retreated 1.95%.
- Year by year, Operating Expenses stood at -$7.9 million in 2021, then slumped by 83.43% to -$14.6 million in 2022, then dropped by 10.65% to -$16.1 million in 2023, then decreased by 11.17% to -$17.9 million in 2024, then tumbled by 42.36% to -$25.5 million in 2025.
- According to Business Quant data, Operating Expenses over the past three periods registered -$25.5 million, -$23.6 million, and -$23.8 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Codere Online Luxembourg | 425.84 Bn | 425.77 Bn | - | - |
| 2 | Flutter Entertainment | 19.13 Bn | 17.62 Bn | 1.84 Bn | 1.50 Bn |
| 3 | DraftKings | 12.12 Bn | 11.11 Bn | 696.69 Mn | 289.11 Mn |
| 4 | Super Group (SGHC) | 7.57 Bn | 7.15 Bn | - | -470.00 Mn |
| 5 | Churchill Downs | 6.27 Bn | 6.17 Bn | 464.00 Mn | 520.00 Mn |
| 6 | Rush Street Interactive | 3.15 Bn | 2.82 Bn | 132.17 Mn | 327.58 Mn |
| 7 | Brightstar Lottery | 1.94 Bn | 670.63 Mn | 297.00 Mn | 60.00 Mn |
| 8 | Accel Entertainment | 1.02 Bn | 746.37 Mn | 350.92 Mn | 324.48 Mn |
| 9 | Inspired Entertainment | 207.07 Mn | 163.57 Mn | 54.60 Mn | 24.30 Mn |
| 10 | Gambling.com | 58.26 Mn | 42.45 Mn | 39.34 Mn | -25.50 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -25.50 Mn |
| Sep 30, 2025 | -23.56 Mn |
| Jun 30, 2025 | -23.81 Mn |
| Mar 31, 2025 | -22.84 Mn |
| Dec 31, 2024 | -17.91 Mn |
| Sep 30, 2024 | -16.86 Mn |
| Jun 30, 2024 | -16.95 Mn |
| Mar 31, 2024 | -15.92 Mn |
| Dec 31, 2023 | -16.11 Mn |
| Sep 30, 2023 | -13.47 Mn |
| Jun 30, 2023 | -15.67 Mn |
| Mar 31, 2023 | -13.60 Mn |
| Dec 31, 2022 | -14.56 Mn |
| Sep 30, 2022 | -13.21 Mn |
| Jun 30, 2022 | -13.26 Mn |
| Mar 31, 2022 | -12.19 Mn |
| Dec 31, 2021 | -7.94 Mn |
| Sep 30, 2021 | -7.72 Mn |
| Jun 30, 2021 | -7.24 Mn |
| Mar 31, 2021 | -5.48 Mn |