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
DateValue
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