Company: CDLX
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001666071-25-000126
Chunk: 176

Company: Cardlytics, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 8
Chunk 176
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 net$191 $232 Total contract assets$191 $232 Contract liabilities, currentDeferred revenue$3,103 $2,154 Contract liabilities, long-termLong-term deferred revenue75 — Total contract liabilities$3,178 $2,154 During the six months ended June 30, 2025, we recognized $1.0 million of Revenue related to amounts that were included in Deferred revenue as of December 31, 2024.The following information represents the total transaction price for the remaining performance obligations as of June 30, 2025 related to contracts expected to be recognized over future periods. This includes Deferred revenue on our consolidated balance sheets and contracted amounts that will be invoiced and recognized as Revenue in future periods. As of June 30, 2025, we had $25.1 million of remaining performance obligations through June 2028, of which $11.9 million is expected to be recognized in the next twelve months, with the remaining amount recognized thereafter. The remaining performance obligations exclude future transaction revenue of variable consideration that are allocated to wholly unsatisfied distinct services that form part of a single performance obligation and meets certain variable allocation criteria.

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5.     LEASES

We have various non-cancellable operating and finance leases for our office spaces and operational assets with lease periods expiring between 2025 and 2032.Lease assets and liabilities, net, are as follows (in thousands):Lease TypeConsolidated Balance Sheets LocationJune 30, 2025December 31, 2024Operating lease assetsRight-of-use assets under operating leases, net$4,633 $6,341 Total lease assets4,633 6,341 Operating lease liabilities, currentCurrent operating lease liabilities1,199 2,025 Operating lease liabilities, long-termLong-term operating lease liabilities4,915 6,034 Total lease liabilities$6,114 $8,059 

6.     DEBT AND FINANCING ARRANGEMENTS

Our debt consists of the following (in thousands):June 30, 2025December 31, 20242024 Convertible Senior Notes, net168,289 167,729 2020 Convertible Senior Notes, net46,009 45,863 Total debt$214,298 $213,592 Accrued interest is included within accrued expenses in our consolidated balance sheet. We had accrued interest related to our 2024