Company: CDLX
Filing Date: 2025-04-03
Form Type: ARS
Source: 0001666071-25-000048
Chunk: 149

Company: Cardlytics, Inc.
Filing Date: 2025-04-03
Form: ARS
Chunk 149
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 discrete offering periods. On each purchase date, eligible employees will purchase our common stock at a price per share equal to 85% of the lesser of the fair market value of our common stock on the first trading day of the offering period or the date of purchase. During the years ended December 31, 2024, 2023 and 2022, a total of 520,197, 555,915 and 167,622 shares of common stock were purchased by employees under the 2018 ESPP, respectively. As of December 31, 2024, 534,912 shares of common stock were reserved for issuance pursuant to our 2018 ESPP. Additionally, the number of shares of our common stock reserved for issuance under our 2018 ESPP will automatically increase on January 1 of each year, beginning on January 1, 2019 and continuing through and including January 1, 2028, by the lesser of (i) 1% of the total number of shares of our common stock outstanding on December 31 of the preceding calendar year, (ii) 500,000 shares of our common stock or (iii) such lesser number of shares of common stock as determined by our board of directors. Accordingly, the number of shares of our common stock reserved for issuance under our 2018 ESPP increased by 500,000 shares on January 1, 2025. Shares subject to purchase rights granted under our 2018 ESPP that terminate without having been issued in full will not reduce the number of shares available for issuance under our 2018 ESPP. 96

11. INCOME TAXES Domestic and foreign components of loss before income taxes are as follows (in thousands): Year Ended December 31, 2024 2023 2022 Domestic $ (179,555) $ (122,026) $ (455,202) Foreign (9,749) (12,676) (11,508) Loss before income taxes $ (189,304) $ (134,702) $ (466,710) The significant components of income tax (expense) benefit are as follows (in thousands): Year Ended December 31, 2024 2023 2022 Current: Federal $ — $ — $ — State — — — Foreign — — — Total current — — — Deferred: Federal 10,391 10,236 38,508 State 833 335 6,317 Foreign 3,118 961