Company: CDLX
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001666071-25-000159
Chunk: 103

Company: Cardlytics, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 103
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 property and equipment(455)(1,439)Capitalized software development costs(12,770)(13,423)Business divestiture and acquisitions, net of cash acquired200 202 Net cash used in investing activities(13,025)(14,660)Financing activitiesProceeds from issuance of debt50,000 172,500 Settlement of contingent consideration(5,000)(14,167)Principal payment of debt(50,000)(199,291)Proceeds from termination of capped calls related to convertible notes— 115 Proceeds from issuance of common stock— 48,634 Equity issuance costs— (309)Debt issuance costs(105)(5,836)Net cash (used in) provided by financing activities(5,105)1,646 Effect of exchange rates on cash and cash equivalents217 (25)Net decrease in cash and cash equivalents(21,633)(24,842)Cash and cash equivalents  — Beginning of period65,594 91,830 Cash and cash equivalents  — End of period$43,961 $66,988 

See notes to the condensed consolidated financial statements8

CARDLYTICS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

(Amounts in thousands)

Nine Months EndedSeptember 30, 20252024Supplemental disclosure of cash flow information:Cash paid for interest$4,780 $2,453 Amounts accrued for property and equipment$14 $20 Amounts accrued for capitalized software development costs$141 $203 Issuance of common stock, net of issuance costs - Settlement Agreement (as defined below)$— $27,451 

See notes to the condensed consolidated financial statements9

CARDLYTICS, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

1.OVERVIEW OF BUSINESS AND BASIS OF PRESENTATION

Cardlytics, Inc. ("we," "our," "us," the "Company," or "Cardlytics") is a Delaware corporation and was formed on June 26, 2008. We operate a commerce media platform that is designed to make commerce smarter and rewarding for everyone. At the core of our commerce media platform is the financial media network that we run within our partners' digital channels, which includes online channels and mobile applications (the "Cardlytics platform"). Additionally,