Company: CDLX
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001666071-25-000126
Chunk: 212

Company: Cardlytics, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 8
Chunk 212
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, 2024, primarily due to a $1.2 million decrease in IT and desktop license expenses and a $0.2 million decrease in travel expenses, partially offset by a $0.2 million increase in professional fees.

36

General and Administrative Expense

 Three Months Ended June 30,ChangeSix Months Ended June 30,Changein thousands20252024$%20252024$%General and administrative expense excluding stock-based compensation expense and reduction in force$9,869 $11,764 $(1,895)(16)%$20,342 $22,998 $(2,656)(12)%Plus:Stock-based compensation expense2,800 4,387 (1,587)(36)6,105 7,638 (1,533)n/aReduction in force236 — 236 n/a236 — 236 n/aTotal general and administrative expense$12,905 $16,151 $(3,246)(20)%$26,683 $30,636 $(3,953)(13)%% of Revenue20 %23 %21 %22 %

Total general and administrative expense decreased by $3.2 million during the three months ended June 30, 2025 compared to the three months ended June 30, 2024. General and administrative expense excluding stock-based compensation and reduction in force decreased by $1.9 million during the three months ended June 30, 2025 compared to the three months ended June 30, 2024, primarily due to a $1.0 million decrease in bad debt expenses, a $0.5 million decreases in legal fees, a $0.5 million decrease in professional fees, a $0.2 million decrease in IT expenses and a $0.2 million decrease in travel expenses, partially offset by $0.4 million increase in staff expense and a $0.1 million increase in facility expense.

Total general and administrative expense decreased by $4.0 million during the six months ended June 30, 2025 compared to the six months ended June 30, 2024. General and administrative expense excluding stock-based compensation and reduction in force decreased by $2.7 million during the six months ended June 30, 2025 compared to the six months ended June 30, 2024, primarily due to a $1.9 million decrease in bad debt expenses, a $0.7 million decreases in legal