Company: CDLX
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001666071-25-000159
Chunk: 112

Company: Cardlytics, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 112
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 is based on the cash flows generated by the underlying asset groups, including estimated future operating results, trends or other determinants of fair value. If the total of the expected future undiscounted cash flows were less than the carrying amount of the asset group, we would recognize an impairment charge to the extent the carrying amount of the asset group exceeded its estimated fair value. 

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2025 Acquired IntangiblesAcquired intangible assets subject to amortization as of September 30, 2025 were as follows:Gross Carrying AmountAccumulated AmortizationNetWeighted Average Remaining Useful Life(in thousands)(in years)Developed technology$49,873 $(44,152)$5,721 1.7Merchant relationships21,930 (20,644)1,286 0.6Total other intangible assets$71,803 $(64,796)$7,007 2024 Acquired IntangiblesAcquired intangible assets subject to amortization as of December 31, 2024 were as follows:Gross Carrying AmountAccumulated AmortizationImpairment of Intangible AssetsNetWeighted Average Remaining Useful Life(in thousands)(in years)Developed technology$63,621 $(41,442)$(13,748)$8,431 2.5Merchant relationships21,930 (18,989)— 2,941 1.4Total other intangible assets$85,551 $(60,432)$(13,748)$11,371 Amortization expense of acquired intangibles during the three months ended September 30, 2025 and 2024 was $1.5 million and $2.8 million, respectively. Amortization expense of acquired intangibles during the nine months ended September 30, 2025 and 2024 was $4.4 million and $8.4 million, respectively.As of September 30, 2025, we expect amortization expense in future periods to be as follows (in thousands):Amount2025 (remaining three months)$1,455 20264,348 20271,204 2028— Thereafter— Total expected future amortization expense$7,007 Capitalized software development costs, netCapitalized software development costs consist of costs incurred in the development of internal-use software, primarily associated with the development and enhancement of our Ads Manager and Ad Server. We have assessed the triggering events criteria along with related conditions and developments