Company: CDLX
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001666071-25-000159
Chunk: 219

Company: Cardlytics, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 219
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 divestiture$320 $— $320 n/a$(4,831)$— $(4,831)n/a% of Revenue1 %— %(3)%— %

During the three months ended September 30, 2025, we realized a loss of $0.3 million primarily related to the decommissioning of the Dosh app, a consumer facing cashback mobile application, operated by Dosh Holding LLC on February 28, 2025. During the nine months ended September 30, 2025, we realized a gain of $4.8 million primarily related to the derecognition of the wallet liability associated with the Dosh app. Refer to Note 1—Overview of Business and Basis of Presentation for more information.

Depreciation and Amortization Expense

 Three Months Ended September 30,ChangeNine Months Ended September 30,Changein thousands20252024$%20252024$%Depreciation and amortization expense$6,473 $6,970 $(497)(7)%$19,039 $19,749 $(710)(4)%% of Revenue12 %10 %11 %10 %

Depreciation and amortization expense decreased by $0.5 million during the three months ended September 30, 2025 compared to the three months ended September 30, 2024, primarily due to a decrease in fixed assets.

Depreciation and amortization expense decreased by $0.7 million during the nine months ended September 30, 2025 compared to the nine months ended September 30, 2024, primarily due to a decrease in fixed assets.

Interest Expense, Net

 Three Months Ended September 30,ChangeNine Months Ended September 30,Changein thousands20252024$%20252024$%Interest expense$(2,915)$(2,356)$(559)24 %$(7,660)$(6,532)$(1,128)17 %Interest income908 877 31 4 1,880 2,673 (793)(30)Interest expense, net$(2,007)$(1,479)$(528)36 %$(5,780)$(3,859)$(1,921)50 %% of Revenue(4)%(2)%(3)%(2)%

Interest expense, net increased by $0.5 million during the three months ended September 30,