Company: CDLX
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001666071-25-000126
Chunk: 294

Company: Cardlytics, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 2
Chunk 294
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 Months Ended June 30,Changein thousands20252024$%20252024$%Loss (gain) on disposal or divestiture$200 $— $200 n/a$(5,150)$— $(5,150)n/a% of Revenue— %— %— %— %

During the three months ended June 30, 2025, we realized a loss of $0.2 million related to the decommissioning of the Dosh app, a consumer facing cashback mobile application, operated by Dosh Holding LLC on February 28, 2025. During the six months ended June 30, 2025, we realized a gain of $5.2 million related to the derecognition of the wallet liability associated with the Dosh app. Refer to Note 1—Overview of Business and Basis of Presentation for more information.

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Depreciation and Amortization Expense

 Three Months Ended June 30,ChangeSix Months Ended June 30,Changein thousands20252024$%20252024$%Depreciation and amortization expense$6,275 $6,529 $(254)(4)%$12,566 $12,779 $(213)(2)%% of Revenue10 %9 %10 %9 %

Depreciation and amortization expense decreased by $0.3 million during the three months ended June 30, 2025 compared to the three months ended June 30, 2024, primarily due to a decrease in fixed assets.

Depreciation and amortization expense decreased by $0.2 million during the six months ended June 30, 2025 compared to the six months ended June 30, 2024, primarily due to a decrease in fixed assets.

Interest Expense, Net

 Three Months Ended June 30,ChangeSix Months Ended June 30,Changein thousands20252024$%20252024$%Interest expense$(2,369)$(2,433)$64 (3)%$(4,745)$(4,175)$(570)14 %Interest income426 872 (446)(51)972 1,795 (823)(46)%Interest expense, net$(1,943)$(1,561)$(382)n/a$(3,773)$(2,380)$(1,393)n/a% of Revenue(3)%(2)%(3)%(2)%