Company: CDLX
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001666071-25-000159
Chunk: 147

Company: Cardlytics, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 147
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 Dosh Holdings LLC on February 28, 2025. In connection with the decommission, we recorded a loss (gain) on disposal or divestiture due to the derecognition of the wallet liability associated with the Dosh app.

Depreciation and Amortization Expense

Depreciation and amortization expense includes depreciation of property and equipment over the estimated useful life of the applicable asset as well as amortization of acquired intangible assets, deferred patent costs and capitalized internal-use software development costs.

Interest Expense, Net

Interest expense, net consists of interest incurred on our debt facilities, as well as related discount amortization and financing costs, partially offset by interest income on our cash balances.

Foreign Currency (Loss) Gain 

Foreign currency (loss) gain consists primarily of gains and losses on foreign currency transactions.

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Results of Operations

The following table presents our condensed consolidated statements of operations:

 Three Months EndedSeptember 30,Nine Months EndedSeptember 30, 2025202420252024Revenue$52,031 $67,057 $177,178 $204,301 Costs and expenses:Partner Share and other third-party costs22,001 30,675 78,554 94,476 Delivery costs5,730 7,830 19,901 21,664 Sales and marketing expense7,865 13,163 31,954 41,306 Research and development expense8,799 13,194 31,800 39,712 General and administrative expense10,854 12,076 37,537 42,712 Acquisition, integration and divestiture costs— — — 162 Change in contingent consideration— 100 102 110 Impairment of goodwill and intangible assets58,843 131,595 58,843 131,595 Loss (gain) on disposal or divestiture320 — (4,831)— Depreciation and amortization expense6,473 6,970 19,039 19,749 Total costs and expenses120,885 215,603 272,899 391,486 Operating Loss(68,854)(148,546)(95,721)(187,185)Other income (expense):Interest expense, net(2,007)(1,479)(5,780)(3,859)Foreign currency (loss) gain(1,812)4,843 6,263