Gambling.com (GAMB) Operating Expenses (2020 - 2025)
Gambling.com's (GAMB) quarterly Operating Expenses came in at -$15.4 million in Q4 2025, down 38.76% year-on-year from -$25.1 million in Q4 2024, and down 12.08% quarter-over-quarter from -$13.7 million in Q3 2025.
Gambling.com (GAMB) Operating Expenses (2020 - 2025) Analysis & Trends
Gambling.com has disclosed Operating Expenses across 6 years of filings, most recently posting -$15.4 million for Q4 2025.
- Operating Expenses for Q4 2025 came in at -$15.4 million, down 38.76% year-over-year; the trailing twelve-month figure through Dec 2025 was -$56.5 million (down 42.75% YoY), and the FY2025 annual result was $57.0 million, up 30.36% from the prior year.
- Operating Expenses came in at -$15.4 million for Q4 2025 at Gambling.com, down from -$13.7 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of -$3.5 million in Q1 2021 to a low of -$15.4 million in Q4 2025.
- The 5-year median for Operating Expenses is -$8.5 million (2021), against an average of -$9.0 million.
- Across the five-year window, Operating Expenses sank 141.41% in 2021 and climbed 17.38% in 2022, its largest moves.
- Gambling.com's Operating Expenses stood at -$5.1 million in 2021, then tumbled by 46.22% to -$7.4 million in 2022, then sank by 35.67% to -$10.1 million in 2023, then dropped by 10.12% to -$11.1 million in 2024, then sank 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 | 17.90 Bn | 16.81 Bn | 1.84 Bn | 792.00 Mn |
| 2 | DraftKings | 13.03 Bn | 12.02 Bn | 696.69 Mn | 289.11 Mn |
| 3 | Churchill Downs | 6.18 Bn | 6.02 Bn | 475.00 Mn | 520.00 Mn |
| 4 | Rush Street Interactive | 2.98 Bn | 2.81 Bn | 132.17 Mn | 327.58 Mn |
| 5 | Brightstar Lottery | 2.10 Bn | 1.86 Bn | 553.00 Mn | 60.00 Mn |
| 6 | Accel Entertainment | 1.07 Bn | 801.63 Mn | 109.94 Mn | 324.48 Mn |
| 7 | Codere Online Luxembourg | 539.90 Mn | 470.47 Mn | - | - |
| 8 | Bragg Gaming | 273.64 Mn | 265.89 Mn | 18.22 Mn | 17.75 Mn |
| 9 | Inspired Entertainment | 234.31 Mn | 190.81 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 |