Company: CDLX
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001666071-25-000159
Chunk: 210

Company: Cardlytics, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 210
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 lives. We evaluate the recoverability of our finite-lived intangible assets and other long-lived assets whenever events or substantive changes in circumstances indicate that the carrying amount may not be recoverable. The impairment analysis involves determining whether the estimated fair value of each intangible asset exceeds its carrying amount. Our estimation of the fair value of definite lived intangible assets include the use of discounted cash flow analyses, which reflected estimates of future revenue, customer attrition rates, royalty rates, cash flows and discount rates.

Loss (Gain) on Disposal or Divestiture

Loss (gain) on disposal or divestiture consists primarily of the gain recorded in connection with the decommission of the Dosh app, a consumer facing cashback mobile application operated by Dosh Holdings LLC on February 28, 2025. In connection with the decommission, we recorded a loss (gain) on disposal or divestiture due to the derecognition of the wallet liability associated with the Dosh app.

Depreciation and Amortization Expense

Depreciation and amortization expense includes depreciation of property and equipment over the estimated useful life of the applicable asset as well as amortization of acquired intangible assets, deferred patent costs and capitalized internal-use software development costs.

Interest Expense, Net

Interest expense, net consists of interest incurred on our debt facilities, as well as related discount amortization and financing costs, partially offset by interest income on our cash balances.

Foreign Currency (Loss) Gain 

Foreign currency (loss) gain consists primarily of gains and losses on foreign currency transactions.

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Results of Operations

The following table presents our condensed consolidated statements of operations:

 Three Months EndedSeptember 30,Nine Months EndedSeptember 30, 2025202420252024Revenue$52,031 $67,057 $177,178 $204,301 Costs and expenses:Partner Share and other third-party costs22,001 30,675 78,554 94,476 Delivery costs5,730 7,830 19,901 21,664 Sales and marketing expense7,865 13,163 31,954 41,306 Research and development expense8,799 13,194 31,800 39,712 General and administrative expense10,854 12,076 37,537 42,712 Acquisition, integration and divestiture costs— — — 162 Change in contingent consideration— 100 102 110 Impairment