Company: CDLX
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001666071-25-000126
Chunk: 105

Company: Cardlytics, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 105
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ive liability(4,174)(7,234)Net cash used in operating activities(5,481)(13,188)Investing activitiesAcquisition of property and equipment(441)(932)Capitalized software development costs(8,320)(8,673)Business divestiture and acquisitions, net of cash acquired200 202 Net cash used in investing activities(8,561)(9,403)Financing activitiesSettlement of contingent consideration(5,000)(14,166)Principal payments of the 2018 Line of Credit— (30,000)Principal payments of 2020 Convertible Senior Notes— (169,291)Proceeds from issuance of 2024 Convertible Senior Notes— 172,500 Proceeds from termination of capped calls related to convertible notes— 115 Proceeds from issuance of common stock— 48,634 Equity issuance costs— (190)Debt issuance costs(93)(5,568)Net cash (used in) provided by financing activities(5,093)2,034 Effect of exchange rates on cash and cash equivalents286 (25)Net decrease in cash and cash equivalents(18,849)(20,582)Cash and cash equivalents  — Beginning of period65,594 91,830 Cash and cash equivalents  — End of period$46,745 $71,248 

See notes to the condensed consolidated financial statements8

CARDLYTICS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

(Amounts in thousands)

Six Months EndedJune 30, 20252024Supplemental disclosure of cash flow information:Cash paid for interest$3,941 $2,202 Amounts accrued for property and equipment$— $378 Amounts accrued for capitalized software development costs$134 $150 Issuance of common stock, net of issuance costs - Settlement Agreement (as defined below)$— $27,451 Amounts accrued for debt issuance costs$— $354 

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