Cardlytics, Inc.

For the period ended Dec 31, 2025. Filed Mar 4, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Mar 4, 2026

CDLX$1.82-6.7%Stored close · as of Nov 9, 2026

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

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Contents

Consolidated Balance Sheets

(Amounts in thousands, except par value amounts)

	December 31,
	2025	2024
Assets
Current assets:
Cash and cash equivalents	$48,719	$65,594
Accounts receivable and contract assets, net	82,669	103,252
Other receivables	2,587	3,801
Prepaid expenses and other assets	3,304	5,336
Total current assets	137,279	177,983
Long-term assets:
Property and equipment, net	2,025	2,596
Right-of-use assets under operating leases, net	4,947	6,341
Intangible assets, net	5,553	11,371
Goodwill	110,305	159,429
Capitalized software development costs, net	24,214	33,341
Other long-term assets, net	1,318	1,650
Total assets	$285,641	$392,711
Liabilities and stockholders' (deficit) equity
Current liabilities:
Accounts payable	$3,360	$3,689
Accrued liabilities:
Accrued compensation	6,105	5,494
Accrued expenses	7,725	7,175
Partner Share liability	24,860	32,479
Consumer Incentive liability	32,144	45,513
Deferred revenue	2,589	2,154
Short-term debt	—	45,863
Current operating lease liabilities	1,607	2,025
Current contingent consideration	—	4,563
Total current liabilities	78,390	148,955
Long-term liabilities:
Convertible senior notes, net	168,850	167,729
Line of credit	40,070	—
Long-term deferred revenue	52	—
Long-term operating lease liabilities	4,787	6,034
Total liabilities	292,149	322,718
Commitments and contingencies (Note 13)
Stockholders’ (deficit) equity:
Common stock, $0.0001 par value—100,000 shares authorized and 54,514 and 51,257 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively	10	10
Additional paid-in capital	1,399,542	1,366,958
Accumulated other comprehensive (loss) income	(1,996)	3,601
Accumulated deficit	(1,404,064)	(1,300,576)
Total stockholders’ (deficit) equity	(6,508)	69,993
Total liabilities and stockholders’ (deficit) equity	$285,641	$392,711

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.