Company: CDLX
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001666071-25-000126
Chunk: 278

Company: Cardlytics, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 2
Chunk 278
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$%Cardlytics ACPU$0.14 $0.16 $(0.02)(13)$0.27 $0.33 $(0.06)(22)

Key Financial Metrics (Including Non-GAAP Metrics)

 Three Months EndedJune 30,Six Months EndedJune 30,in thousands2025202420252024Revenue$63,249 $69,636 $125,147 $137,244 Consumer Incentives$40,799 $40,753 $76,480 $78,362 Billings$104,048 $110,389 $201,627 $215,606 Gross Profit$29,263 $28,717 $54,423 $59,609 Adjusted Contribution$36,146 $36,378 $68,594 $73,443 Net Loss$(9,283)$(4,257)$(22,565)$(28,532)Adjusted EBITDA$2,703 $(2,285)$(1,681)$(2,059)Adjusted Net Loss$(7,008)$(7,590)$(18,059)$(11,644)Net cash provided by (used in) operating activities$1,227 $4,430 $(5,481)$(13,188)Free Cash Flow$(3,431)$(428)$(14,242)$(22,793)

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Definitions of Non-GAAP Measures

Billings

Billings represents the gross amount billed to customers and marketers for services in order to generate revenue. Cardlytics platform Billings is recognized gross of both Consumer Incentives and Partner Share. Cardlytics platform GAAP Revenue is recognized net of Consumer Incentives and gross of Partner Share. Bridg platform Billings is the same as Bridg platform GAAP Revenue. 

We review Billings for internal management purposes. We believe Billings is an important indicator for the current health of the business because it directly represents our ability to bill customers for our services before any Consumer Incentives are paid. Nevertheless, our use of Billings has limitations as an analytical tool, and you should not consider it in isolation or as a substitute for analysis of our financial results as reported under GAAP. Other companies, including companies in our industry that have similar business arrangements, may address the impact of Consumer Incentives differently. You should consider Billings alongside our other GAAP financial results