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Cardlytics, Inc.

For the period ended Mar 31, 2025. Filed May 7, 2025.

View on SEC.gov

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2025 · Filed May 7, 2025

CDLX$1.63-10.4%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Condensed Consolidated Statements of Cash Flows (Unaudited)

Three Months EndedMarch 31,
20252024
Operating activities
Net Loss$(13,282)$(24,275)
Adjustments to reconcile net loss to net cash used in operating activities:
Credit loss expense6431,570
Depreciation and amortization6,2916,250
Amortization of financing costs charged to interest expense405445
Amortization of right-of-use assets632549
Loss (gain) on disposal or divestiture(5,350)—
Stock-based compensation expense8,69410,985
Change in contingent consideration605,817
Other non-cash (income) expense, net(2,620)667
Change in operating assets and liabilities:
Accounts receivable7,53613,323
Prepaid expenses and other assets(56)(3,450)
Accounts payable551125
Other accrued expenses1,895(7,634)
Partner Share liability(3,860)(13,291)
Consumer Incentive liability(8,245)(8,698)
Net cash used in operating activities(6,706)(17,617)
Investing activities
Acquisition of property and equipment(119)(651)
Capitalized software development costs(3,984)(4,096)
Business divestiture200—
Net cash used in investing activities(3,903)(4,747)
Financing activities
Settlement of contingent consideration(3,000)(20,074)
Proceeds from issuance of common stock—48,634
Debt issuance costs(34)(239)
Net cash (used in) provided by financing activities(3,034)28,321
Effect of exchange rates on cash and cash equivalents95(21)
Net (decrease) increase in cash and cash equivalents(13,548)5,936
Cash and cash equivalents — Beginning of period65,59491,830
Cash and cash equivalents — End of period$52,046$97,766

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

Three Months EndedMarch 31,
20252024
Supplemental disclosure of cash flow information:
Cash paid for interest$253$1,862
Amounts accrued for property and equipment$171$98
Amounts accrued for capitalized software development costs$187$135
Issuance of common stock, net of issuance costs - Settlement Agreement (as defined below)$—$27,451
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.