Company: CDLX
Filing Date: 2025-04-03
Form Type: ARS
Source: 0001666071-25-000048
Chunk: 133

Company: Cardlytics, Inc.
Filing Date: 2025-04-03
Form: ARS
Chunk 133
---
, 2024 2023 2022 Subscription revenue $ 22,684 $ 23,779 $ 21,190 Other revenue — — 167 Bridg platform revenue $ 22,684 $ 23,779 $ 21,357 The following table summarizes contract balances from the Bridg platform (in thousands): Year Ended December 31, Contract Balance Type Consolidated Balance Sheets Location 2024 2023 Contract assets, current Accounts receivable and contract assets, net $ 232 $ 41 Contract assets, long-term Other long-term assets, net — — Total contract assets $ 232 $ 41 Contract liabilities, current Deferred revenue $ 2,154 $ 2,204 Contract liabilities, long-term Long-term deferred revenue — 67 Total contract liabilities $ 2,154 $ 2,271 During the year ended December 31, 2024, we recognized $0.6 million of Revenue related to amounts that were included in Deferred revenue as of December 31, 2023. The following information represents the total transaction price for the remaining performance obligations as of December 31, 2024 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 December 31, 2024, we had $32.9 million of remaining performance obligations, of which $16.1 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. 7. LEASES We have various non-cancellable operating and finance leases for our office spaces, data centers and operational assets with lease periods expiring between 2023 and 2032. During the year ended December 31, 2024 and December 31, 2023, we recognized additional right-of-use assets and lease liabilities of $1.6 million and $2.7 million, respectively, related to new lease agreements and lease modifications for office space. During the year ended December 31, 2024 and December 31, 2023, there were no impairments on any of our leases. During the year ended December 31, 2022, we incurred an impairment of $0.9 million to the right-of-use-assets as a result of decommissioning our