Company: CDLX
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001666071-25-000159
Chunk: 211

Company: Cardlytics, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 211
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 of goodwill and 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 costs and expenses120,885 215,603 272,899 391,486 Operating Loss(68,854)(148,546)(95,721)(187,185)Other income (expense):Interest expense, net(2,007)(1,479)(5,780)(3,859)Foreign currency (loss) gain(1,812)4,843 6,263 4,312 Gain on debt extinguishment— — — 13,017 Total other (expense) income(3,819)3,364 483 13,470 Net Loss$(72,673)$(145,182)$(95,238)$(173,715)Net Loss per share, basic and diluted$(1.36)$(2.90)$(1.81)$(3.66)Weighted-average common shares outstanding, basic and diluted53,493 50,028 52,708 47,469 

Comparison of Three and Nine Months Ended September 30, 2025 and 2024 

Revenue

 Three Months Ended September 30,ChangeNine Months Ended September 30,Changein thousands20252024$%20252024$%Billings$89,193 $111,958 $(22,765)(20)%$290,822 $327,561 $(36,739)(11)%Consumer Incentives37,162 44,901 (7,739)(17)113,644 123,260 (9,616)(8)Revenue$52,031 $67,057 $(15,026)(22)%$177,178 $204,301 $(27,123)(13)%% of Billings58 %60 %61 %62 %

The $15.0 million decrease in Revenue during the three months ended September 30, 2025 compared to the three months ended September 30, 2024 was comprised of a $22.8 million decrease in Billings and a $7.7 million decrease in Consumer Incentives. Consumer Incentives decreased at a lower rate than Billings during the