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NASDAQ · SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. · MID CAP

Cardlytics, Inc. CDLX

10 fiscal years on record · USD · FY2025 reported · SEC filings only
$233.3M
▼ 16.2% YoY
$-103.5M
$8.8M

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

The partners for the Cardlytics platform are predominantly financial institutions that provide it with access to their anonymized purchase data and digital banking customers, while the partners for the Bridg platform are predominantly merchants that provide it with access to their point-of-sale data, including product-level purchase data. In the U.S., the Cardlytics platform ingests approximately one in every two debit and credit card transactions, data that the company uses to serve relevant advertisements to its FI partners' customers through its financial media network. Its FI partners include JPMorgan Chase Bank, National Association, Wells Fargo Bank, National Association, and American Express Travel Related Services Company, Inc., along with other national and regional financial institutions, financial technology companies and virtual-only banks. As of December 31, 2025, it had 275 full-time employees, including 29 in delivery, 105 in sales and marketing, 95 in research and development and 46 in general and administrative. The company is headquartered in Atlanta, Georgia, with additional offices in Los Angeles, California; Champaign, Illinois; London, United Kingdom; and Taipei, Taiwan. Cardlytics, Inc. was initially incorporated under the laws of the State of Delaware in June 2008.

Written from the business description in Cardlytics, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 4 March 2026. Every sentence was checked against that document before publication.

Growth

USD 233.3M
Revenue, FY2025 · full 10-year series below
Revenue $M Net income $M
FY2025 · Revenue 233.3 · Net income -103.5
150M300M-200M-400M
2016201920222025
Compound annual growth
−7.9%
+4.5%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +4.5% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−44 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -43.6% · Net -44.4%
-50%-100%-150%
201620202025
ROE
FY2024 · ROE -184.9%
-50%-100%-150%
201620202025
Three returns, three denominators.
Return on equityNot applicable: equity was zero or negative in this period, so return on equity has no meaning.

Return on equity has no reading this year — return on capital employed, just below, still does: -45%.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 8.8
4M8M-20M-40M
201620202025
Net buybacks $M Dividends $M
FY2024 · Dividends · · Net buybacks -48.6
-200M-400M
20202021202220232024

Total assetsUSD 285.6M
EquityUSD -6.5M
CashUSD 48.7M
Gross debtUSD 212.6M
Net debtUSD 163.9M
Current ratio1.75×

Equity was zero or negative — liabilities equaled or exceeded assets. No ratio is shown.

The 10-year record

10 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
CDLX, 10-year financial record
Metric 2025202420232022202120202019201820172016
Revenue $B0.20.30.30.30.30.20.20.20.10.1
Operating income $B−0.1−0.2−0.1−0.5−0.1−0.1−0.0−0.0−0.0−0.1
EBITDA $B−0.1−0.2−0.1−0.4−0.1−0.0−0.0−0.0−0.0−0.1
Income tax $B0.00.00.0−0.0−0.00.00.00.00.00.0
Net income $B−0.1−0.2−0.1−0.5−0.1−0.1−0.0−0.1−0.0−0.1
Free cash flow $B0.0−0.0−0.0−0.1−0.0−0.00.0−0.0−0.0−0.0
EPS, diluted $−1.95−3.91−3.69−13.92−3.99−2.04−0.72−2.79−7.86−32.48
Dividend / sh $◌◌◌◌◌◌◌◌◌◌
Payout % — not applicable: no dividend——————————
ROE %—−184.9−77.8−103.1−30.3−36.9−17.6———
Shares out B0.050.050.04◌◌◌◌0.020.00◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

Provenance

Company facts, as filed

How we verify · 0 failures in 38 reconciliationsAUDITED

Reconciled in 10 of the 10 fiscal years we could check. 20 checks were skipped: the balance sheet is not tagged before 2017. Nine checks were skipped: EPS is not tagged before 2016.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityServices-Computer Programming, Data Processing, Etc.
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2016

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