Company: CDLX
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001666071-25-000159
Chunk: 163

Company: Cardlytics, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 163
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(5,105)1,646 Effect of exchange rates on cash and cash equivalents217 (25)Cash and cash equivalents  — End of period$43,961 $66,988 

Operating Activities

Operating activities used $3.7 million of cash during the nine months ended September 30, 2025, which reflected our Net Loss of $95.2 million, including $94.3 million of non-cash charges, offset by a $2.8 million change in our net operating assets and liabilities. The non-cash charges primarily related to stock-based compensation expense, depreciation and amortization expense, amortization of right-of-use assets, amortization of financing costs charged to interest expense, credit losses expense, gain on disposal or divestiture and impairment of goodwill and intangible assets. The change in our net operating assets and liabilities was primarily due to a $8.0 million decrease in our Consumer Incentive liability, a $10.9 million decrease in Partner Share liability, a $0.2 million decrease in accounts payable and a $0.2 million increase in prepaid expenses and other assets, partially offset by a $14.8 million decrease in accounts receivable and a $1.8 million increase in other accrued expense. These fluctuations are primarily driven by the quarterly seasonality of our business.

Operating activities used $11.8 million of cash during the nine months ended September 30, 2024, which reflected our Net Loss of $173.7 million, including $172.7 million of non-cash charges, offset by a $10.9 million change in our net operating assets and liabilities. The non-cash charges primarily related to stock-based compensation expense, depreciation and amortization expense, amortization of right-of-use assets, amortization of financing costs charged to interest expense and credit losses expense. The change in our net operating assets and liabilities was primarily due to a $2.9 million decrease in our Consumer Incentive liability, a $18.3 million decrease in Partner Share liability, a $3.2 million decrease in other accrued expense and a $0.2 million increase in prepaid expenses and other assets, partially offset by a $12.9 million decrease in accounts receivable and a $0.8 million increase in accounts payable. These fluctuations are primarily driven by the quarterly seasonality of our business.

Investing Activities

Investing activities used $13.0 million and $14.7 million of cash during the nine months ended September