Growth Metrics

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 🔒
DateValue
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