Company: CDLX
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001666071-25-000126
Chunk: 134

Company: Cardlytics, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 134
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)The following tables provide geographical information (in thousands): Three Months EndedJune 30,Six Months EndedJune 30, 2025202420252024Revenue:United States$56,086 $64,086 $112,475 $126,620 United Kingdom7,163 5,550 12,672 10,624 Total$63,249 $69,636 $125,147 $137,244 June 30, 2025December 31, 2024Property and equipment, net:United States$2,310 $2,530 United Kingdom79 66 Total$2,389 $2,596 Capital expenditures within the United States totaled $0.4 million and $0.8 million for the six months ended June 30, 2025 and 2024, respectively. Capital expenditures within the United Kingdom totaled less than $0.1 million for each period during the six months ended June 30, 2025 and 2024.Concentrations of RiskCash and Cash EquivalentsFinancial instruments that potentially subject us to concentrations of credit risk consist primarily of cash and cash equivalents and accounts receivable. A significant portion of our cash and cash equivalents are held in fully FDIC-insured money market accounts, demand deposit accounts and U.S. Treasury Bills that distribute funds, and credit risk, over a vast number of financial institutions. Our remaining cash and cash equivalents are held with five financial institutions, which are of high credit quality.

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MarketersAs of December 31, 2024, we define a marketer as a customer who has a distinct contractual relationship with us, rather than aggregating by parent company.Our Revenue and accounts receivable are diversified among a large number of marketers segregated by both geography and industry. During the six months ended June 30, 2025 and 2024, our top five marketers accounted for 19% and 15% of our Revenue, respectively, with no marketer accounting for over 10%. As of June 30, 2025 and 2024, our top five marketers accounted for 27% and 15% of our accounts receivable, respectively, with no marketer accounting for over 10%.FI PartnersOur business is substantially dependent on a limited number of FI partners. We require participation from our FI partners in the Cardlytics platform and access to their purchase data in order to offer our solutions to marketers and their agencies. We must have