Company: CDLX
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001666071-25-000069
Chunk: 112

Company: Cardlytics, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 1
Chunk 112
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 Our subscription contracts are generally 6 to 60 months in duration and are generally billed in advance on a monthly basis.The following table summarizes Revenue from the Bridg platform (in thousands): Three Months EndedMarch 31, 20252024Bridg Platform Revenue$5,463 $5,375 The following table summarizes contract balances from the Bridg platform (in thousands):Contract Balance TypeConsolidated Balance Sheets LocationMarch 31, 2025December 31, 2024Contract assets, currentAccounts receivable and contract assets, net$166 $232 Total contract assets$166 $232 Contract liabilities, currentDeferred revenue$2,607 $2,154 Total contract liabilities$2,607 $2,154 During the three months ended March 31, 2025, we recognized $0.5 million of Revenue related to amounts that were included in Deferred revenue as of December 31, 2024.The following information represents the total transaction price for the remaining performance obligations as of March 31, 2025 related to contracts expected to be recognized over future periods. This includes Deferred revenue on our consolidated balance sheets and contracted amounts that will be invoiced and recognized as Revenue in future periods. As of March 31, 2025, we had $27.8 million of remaining performance obligations through June 2028, of which $13.5 million is expected to be recognized in the next twelve months, with the remaining amount recognized thereafter. The remaining performance obligations exclude future transaction revenue of variable consideration that are allocated to wholly unsatisfied distinct services that form part of a single performance obligation and meets certain variable allocation criteria.

5.     LEASES

We have various non-cancellable operating and finance leases for our office spaces and operational assets with lease periods expiring between 2025 and 2032.Lease assets and liabilities, net, are as follows (in thousands):Lease TypeConsolidated Balance Sheets LocationMarch 31, 2025December 31, 2024Operating lease assetsRight-of-use assets under operating leases, net$5,062 $6,341 Finance lease assetsProperty and equipment, net— — Total lease assets5,062 6,341 Operating lease liabilities, currentCurrent operating lease liabilities1,658 2,025 Operating lease liabilities, long-termLong-term operating lease liabilities5,123 6,034 Finance lease liabilities, currentAccrued expenses— —