Company: CDLX
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001666071-25-000126
Chunk: 147

Company: Cardlytics, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 147
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 due to the change in contingent consideration.

Loss (Gain) on Disposal or Divestiture

Loss (gain) on disposal or divestiture consists 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.

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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 Gain (Loss)

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

Results of Operations

The following table presents our condensed consolidated statements of operations:

 Three Months EndedJune 30,Six Months EndedJune 30, 2025202420252024Revenue$63,249 $69,636 $125,147 $137,244 Costs and expenses:Partner Share and other third-party costs27,103 33,258 56,553 63,801 Delivery costs6,883 7,661 14,171 13,834 Sales and marketing expense11,335 14,025 24,089 28,143 Research and development expense11,295 13,470 23,001 26,518 General and administrative expense12,905 16,151 26,683 30,636 Acquisition, integration and divestiture costs— 162 — 162 Change in contingent consideration42 (5,808)102 9 Loss (gain) on disposal or divestiture200 — (5,150)— Depreciation and amortization expense6,275 6,529 12,566 12,779 Total costs and expenses76,038 85,448 152,015 175,882 Operating Loss(12,789)(15,812)(26,868)(38,638)Other income (expense):Interest expense, net(1