Company: CDLX
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001666071-25-000159
Chunk: 196

Company: Cardlytics, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 196
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 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 other expense (income)3,819 (3,364)(483)(13,470)Loss before income taxes$(72,673)$(145,182)$(95,238)$(173,715)The following tables provide geographical information (in thousands): Three Months EndedSeptember 30,Nine Months EndedSeptember 30, 2025202420252024Revenue:United States$45,178 $61,440 $157,653 $188,060 United Kingdom6,853 5,617 19,524 16,241 Total$52,031 $67,057 $177,178 $204,301 September 30, 2025December 31, 2024Property and equipment, net:United States$2,139 $2,530 United Kingdom67 66 Total$2,206 $2,596 Capital expenditures within the United States totaled $0.5 million and $0.8 million for the nine months ended September 30, 2025 and 2024, respectively. Capital expenditures within the United Kingdom totaled less than $0.1 million for each period during the nine months ended September 30, 2025 and 2024.Concentrations of RiskCash and Cash EquivalentsFinancial instruments that potentially subject us to concentrations of credit risk consist primarily of cash and cash equivalents and accounts receivable. A significant portion of our cash and cash equivalents are held in fully FDIC-insured money market accounts and demand deposit accounts that distribute funds, and credit risk, over a vast number of financial institutions. Our remaining cash and cash equivalents are held with five financial institutions, which are of high credit quality.

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MarketersAs of December 31, 2024, we define a marketer as a customer who has a distinct contractual relationship with us, rather than aggregating by parent company.Our Revenue and accounts receivable are diversified among a large number of marketers segregated by both geography and industry. During the nine months ended September 30, 2025 and 2024, our top five marketers accounted for 20% and 12% of our Revenue, respectively, with no