8-K Announcements
6Mar 24, 2026·SEC
Mar 4, 2026·SEC
Jan 26, 2026·SEC
Cardlytics, Inc. (CDLX) fundamental analysis — strengths, weaknesses & financial health based on data analysis
No significant strengths identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Cardlytics, Inc. (CDLX) stock price & volume — 10-year historical chart
Cardlytics, Inc. (CDLX) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Cardlytics, Inc. (CDLX) competitors in Performance and commerce marketing — business model, growth, and fundamentals comparison
Cardlytics, Inc. (CDLX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Cardlytics, Inc. (CDLX) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 130.37M | 150.68M | 210.43M | 186.89M | 267.12M | 298.54M | 309.2M | 278.3M | 233.27M |
| Revenue Growth % | 15.55% | 15.59% | 39.65% | -11.19% | 42.93% | 11.76% | 3.57% | -10% | -16.18% |
| Cost of Goods Sold | 80.26M | 96M | 130.97M | 123.62M | 163.78M | 185.91M | 178.83M | 157.4M | 128.19M |
| COGS % of Revenue | 61.56% | 63.71% | 62.24% | 66.14% | 61.31% | 62.27% | 57.83% | 56.56% | 54.95% |
| Gross Profit | 50.11M▲ 0% | 54.68M▲ 9.1% | 79.46M▲ 45.3% | 63.27M▼ 20.4% | 103.34M▲ 63.3% | 112.63M▲ 9.0% | 130.38M▲ 15.8% | 120.89M▼ 7.3% | 105.08M▼ 13.1% |
| Gross Margin % | 38.44% | 36.29% | 37.76% | 33.86% | 38.69% | 37.73% | 42.17% | 43.44% | 45.05% |
| Gross Profit Growth % | 24% | 9.13% | 45.31% | -20.37% | 63.32% | 8.99% | 15.76% | -7.27% | -13.08% |
| Operating Expenses | 67.2M | 95.6M | 96.78M | 117.2M | 225.94M | 570.41M | 266.05M | 316.39M | 152.22M |
| OpEx % of Revenue | 51.55% | 63.44% | 45.99% | 62.71% | 84.58% | 191.07% | 86.04% | 113.69% | 65.25% |
| Selling, General & Admin | 52.03M | 76.11M | 80.55M | 91.84M | 132.22M | 156.19M | 116.24M | 109.13M | 86.75M |
| SG&A % of Revenue | 39.91% | 50.51% | 38.28% | 49.14% | 49.5% | 52.32% | 37.59% | 39.21% | 37.19% |
| Research & Development | 12.15M | 16.21M | 11.7M | 17.53M | 38.1M | 54.44M | 51.35M | 49.61M | 39.77M |
| R&D % of Revenue | 9.32% | 10.76% | 5.56% | 9.38% | 14.27% | 18.23% | 16.61% | 17.83% | 17.05% |
| Other Operating Expenses | 6.28M | -2.1M | 4.54M | 7.83M | 55.62M | 359.78M | 98.46M | 157.66M | 25.71M |
| Operating Income | -17.1M▲ 0% | -40.92M▼ 139.3% | -17.32M▲ 57.7% | -53.92M▼ 211.2% | -122.6M▼ 127.4% | -457.78M▼ 273.4% | -135.67M▲ 70.4% | -195.5M▼ 44.1% | -47.14M▲ 75.9% |
| Operating Margin % | -13.12% | -27.15% | -8.23% | -28.85% | -45.9% | -153.34% | -43.88% | -70.25% | -20.21% |
| Operating Income Growth % | 69.59% | -139.29% | 57.66% | -211.24% | -127.36% | -273.39% | 70.36% | -44.1% | 75.89% |
| EBITDA | -14.07M | -37.63M | -12.79M | -42.33M | -86.94M | -414.04M | -106.16M | -167.62M | -19.73M |
| EBITDA Margin % | -10.79% | -24.98% | -6.08% | -22.65% | -32.55% | -138.69% | -34.33% | -60.23% | -8.46% |
| EBITDA Growth % | 72.95% | -167.47% | 66.02% | -230.97% | -105.39% | -376.21% | 74.36% | -57.9% | 88.23% |
| D&A (Non-Cash Add-back) | 3.03M | 3.28M | 4.54M | 11.59M | 35.65M | 43.74M | 29.52M | 27.88M | 27.41M |
| EBIT | -11.31M | -49.78M | -16.6M | -52.37M | -123.87M | -464.15M | -128.52M | -180.4M | -47.14M |
| Net Interest Income | -8.24M | -3.26M | -548K | -3.05M | -12.56M | -2.56M | -2.34M | -5.55M | -7.92M |
| Interest Income | 0 | 0 | 829K | 440K | 297K | 1.44M | 3.85M | 3.35M | 2.71M |
| Interest Expense | 8.24M | 3.26M | 1.38M | 3.49M | 12.86M | 3.99M | 6.18M | 8.9M | 10.63M |
| Other Income/Expense | -2.54M | -12.13M | 181K | -1.5M | -13.83M | -8.93M | 968K | 6.2M | -56.35M |
| Pretax Income | -19.64M▲ 0% | -53.04M▼ 170.1% | -17.14M▲ 67.7% | -55.42M▼ 223.3% | -136.43M▼ 146.2% | -466.71M▼ 242.1% | -134.7M▲ 71.1% | -189.3M▼ 40.5% | -103.49M▲ 45.3% |
| Pretax Margin % | -15.07% | -35.2% | -8.15% | -29.65% | -51.07% | -156.33% | -43.56% | -68.02% | -44.36% |
| Income Tax | 0 | 0 | 0 | 0 | -7.86M | -1.45M | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 5.76% | 0.31% | 0% | 0% | 0% |
| Net Income | -19.64M▲ 0% | -53.04M▼ 170.1% | -17.14M▲ 67.7% | -55.42M▼ 223.3% | -128.56M▼ 132.0% | -465.26M▼ 261.9% | -134.7M▲ 71.0% | -189.3M▼ 40.5% | -103.49M▲ 45.3% |
| Net Margin % | -15.07% | -35.2% | -8.15% | -29.65% | -48.13% | -155.85% | -43.56% | -68.02% | -44.36% |
| Net Income Growth % | 74.05% | -170.06% | 67.68% | -223.27% | -131.97% | -261.89% | 71.05% | -40.54% | 45.33% |
| Net Income (Continuing) | -19.64M | -53.04M | -17.14M | -55.42M | -128.56M | -465.26M | -134.7M | -189.3M | -103.49M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -1.01▲ 0% | -2.78▼ 175.2% | -0.75▲ 73.0% | -2.15▼ 186.7% | -3.99▼ 85.6% | -13.92▼ 248.9% | -3.69▲ 73.5% | -3.91▼ 6.0% | -1.95▲ 50.1% |
| EPS Growth % | 81.3% | -175.25% | 73.02% | -186.67% | -85.58% | -248.87% | 73.49% | -5.96% | 50.13% |
| EPS (Basic) | -1.01 | -2.78 | -0.75 | -2.15 | -3.99 | -13.92 | -3.69 | -3.91 | -1.95 |
| Diluted Shares Outstanding | 19.52M | 19.06M | 23.75M | 27.21M | 32.2M | 33.42M | 36.49M | 48.36M | 53.11M |
| Basic Shares Outstanding | 19.52M | 19.06M | 23.75M | 27.21M | 32.2M | 33.42M | 36.49M | 48.36M | 53.11M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - |
Cardlytics, Inc. (CDLX) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 74.63M | 124.37M | 195.73M | 385.59M | 358.73M | 250.04M | 223.93M | 177.98M | 137.28M |
| Cash & Short-Term Investments | 21.26M | 39.62M | 104.46M | 293.24M | 233.47M | 121.91M | 91.83M | 65.59M | 48.72M |
| Cash Only | 21.26M | 39.62M | 104.46M | 293.24M | 233.47M | 121.91M | 91.83M | 65.59M | 48.72M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 51.25M | 60.54M | 85.36M | 86.56M | 117.18M | 120.08M | 126M | 107.05M | 85.26M |
| Days Sales Outstanding | 143.48 | 146.65 | 148.06 | 169.04 | 160.12 | 146.81 | 148.74 | 140.4 | 133.4 |
| Inventory | 0 | 20.25M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | 76.98 | - | - | - | - | - | - | - |
| Other Current Assets | 2.12M | 20.25M | 129K | 110K | 95K | 8.06M | 6.1M | 5.34M | 3.3M |
| Total Non-Current Assets | 26.13M | 29.39M | 28.58M | 36.95M | 905.07M | 441.19M | 350.22M | 214.73M | 148.36M |
| Property, Plant & Equipment | 7.32M | 10.23M | 14.29M | 24.63M | 21.47M | 12.49M | 10.63M | 8.94M | 6.97M |
| Fixed Asset Turnover | 17.81x | 14.73x | 14.73x | 7.59x | 12.44x | 23.91x | 29.08x | 31.14x | 33.46x |
| Goodwill | 0 | 0 | 0 | 0 | 742.52M | 352.72M | 277.2M | 159.43M | 110.31M |
| Intangible Assets | 961K | 2M | 4.2M | 6.75M | 138.68M | 73.4M | 59.65M | 11.37M | 5.55M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 17.85M | 17.17M | 10.09M | 5.57M | 2.41M | 2.59M | 2.73M | 34.99M | 25.53M |
| Total Assets | 100.76M▲ 0% | 153.76M▲ 52.6% | 224.31M▲ 45.9% | 422.54M▲ 88.4% | 1.26B▲ 199.1% | 691.24M▼ 45.3% | 574.14M▼ 16.9% | 392.71M▼ 31.6% | 285.64M▼ 27.3% |
| Asset Turnover | 1.29x | 0.98x | 0.94x | 0.44x | 0.21x | 0.43x | 0.54x | 0.71x | 0.82x |
| Asset Growth % | 16% | 52.61% | 45.88% | 88.37% | 199.1% | -45.3% | -16.94% | -31.6% | -27.26% |
| Total Current Liabilities | 42.14M | 51.92M | 78.4M | 81.27M | 327.35M | 248.94M | 171.15M | 148.96M | 78.39M |
| Accounts Payable | 1.55M | 2.1M | 1.23M | 1.36M | 4.62M | 3.77M | 4.42M | 3.69M | 3.36M |
| Days Payables Outstanding | 7.07 | 7.98 | 3.42 | 4.02 | 10.29 | 7.39 | 9.03 | 8.55 | 9.57 |
| Short-Term Debt | 44K | 21K | 0 | 0 | 0 | 0 | 10K | 45.86M | 1.61M |
| Deferred Revenue (Current) | 132K | 346K | 1.13M | 349K | 3.28M | 1.75M | 2.4M | 2.15M | 2.59M |
| Other Current Liabilities | 4.59M | 43.52M | 8.19M | 7.58M | 194.61M | 114.61M | 150.52M | 37.04M | 70.83M |
| Current Ratio | 1.77x | 2.40x | 2.50x | 4.74x | 1.10x | 1.00x | 1.31x | 1.19x | 1.75x |
| Quick Ratio | 1.77x | 2.01x | 2.50x | 4.74x | 1.10x | 1.00x | 1.31x | 1.19x | 1.75x |
| Cash Conversion Cycle | - | 215.65 | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 267.31M | 49.87M | 2.65M | 184.07M | 245.75M | 230.69M | 268.2M | 173.76M | 213.76M |
| Long-Term Debt | 56.91M | 46.69M | 0 | 174.01M | 184.4M | 226.05M | 257.58M | 167.73M | 208.92M |
| Capital Lease Obligations | 57K | 37K | 13K | 9.38M | 6.8M | 4.31M | 6.39M | 6.03M | 4.79M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 210.34M | 3.14M | 2.63M | 679K | 54.38M | 0 | 4.16M | 0 | 0 |
| Total Liabilities | 309.44M | 101.79M | 81.05M | 265.35M | 573.1M | 479.63M | 439.35M | 322.72M | 292.15M |
| Total Debt | 57.01M | 46.71M | 37K | 188.11M | 197.23M | 235.26M | 266.11M | 221.65M | 215.31M |
| Net Debt | 35.75M | 7.09M | -104.42M | -105.13M | -36.24M | 113.36M | 174.28M | 156.06M | 166.59M |
| Debt / Equity | - | 0.90x | 0.00x | 1.20x | 0.29x | 1.11x | 1.97x | 3.17x | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | - |
| Interest Coverage | -1.37x | -15.25x | -12.05x | -15.02x | -9.63x | -116.21x | -20.79x | -20.26x | -4.43x |
| Total Equity | -208.69M▲ 0% | 51.98M▲ 124.9% | 143.27M▲ 175.6% | 157.19M▲ 9.7% | 690.7M▲ 339.4% | 211.6M▼ 69.4% | 134.8M▼ 36.3% | 69.99M▼ 48.1% | -6.51M▼ 109.3% |
| Equity Growth % | 3.76% | 124.91% | 175.65% | 9.72% | 339.4% | -69.36% | -36.3% | -48.08% | -109.3% |
| Book Value per Share | -10.69 | 2.73 | 6.03 | 5.78 | 21.45 | 6.33 | 3.69 | 1.45 | -0.12 |
| Total Shareholders' Equity | -208.69M | 51.98M | 143.27M | 157.19M | 690.7M | 211.6M | 134.8M | 69.99M | -6.51M |
| Common Stock | 0 | 7K | 8K | 8K | 9K | 9K | 9K | 10K | 10K |
| Retained Earnings | -268.44M | -321.49M | -338.63M | -394.05M | -522.62M | -976.57M | -1.11B | -1.3B | -1.4B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 1.07M | 1.99M | 1.31M | -192K | 486K | 5.6M | 2.47M | 3.6M | -2M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cardlytics, Inc. (CDLX) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -22.1M | -19M | 11.46M | -7.6M | -38.52M | -53.9M | -185K | -8.82M | 9.29M |
| Operating CF Margin % | -16.95% | -12.61% | 5.44% | -4.07% | -14.42% | -18.06% | -0.06% | -3.17% | 3.98% |
| Operating CF Growth % | 31.99% | 14.06% | 160.32% | -166.32% | -407.01% | -39.93% | 99.66% | -4669.73% | 205.28% |
| Net Income | -19.64M | -53.04M | -17.14M | -55.42M | -128.56M | -465.26M | -134.7M | -189.3M | -103.49M |
| Depreciation & Amortization | 3.03M | 3.28M | 4.54M | 11.59M | 35.65M | 43.74M | 29.52M | 27.88M | 27.41M |
| Stock-Based Compensation | 5.15M | 26.79M | 15.85M | 32.4M | 50.26M | 44.69M | 40.98M | 40.37M | 28.13M |
| Deferred Taxes | 654K | 6.76M | 0 | 0 | -7.86M | -1.45M | 0 | 0 | 0 |
| Other Non-Cash Items | 2.93M | 644K | 3.6M | 7.59M | 18.68M | 335.7M | 77.5M | 128.01M | 51.53M |
| Working Capital Changes | -14.22M | -3.43M | 4.62M | -3.75M | -6.7M | -11.32M | -13.47M | -15.77M | 5.71M |
| Change in Receivables | -7.5M | -9.43M | -26.02M | -2.4M | -27.94M | -4.55M | -7.72M | 12.5M | 20.64M |
| Change in Inventory | 1.99M | 8.96M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | -1.91M | 911K | -601K | 16K | 1.26M | -893K | 239K | 499K | 179K |
| Cash from Investing | -1.65M | -7.34M | -11.02M | -10.12M | -506.69M | -15.76M | -10.06M | -18.75M | -15.3M |
| Capital Expenditures | -1.65M | -7.34M | -8.28M | -5.41M | -3.11M | -1.17M | -667K | -1.56M | 0 |
| CapEx % of Revenue | 1.26% | 4.87% | 3.93% | 2.89% | 1.16% | 0.39% | 0.22% | 0.56% | 0.21% |
| Acquisitions | 0 | 0 | 0 | 0 | -494.13M | -2.27M | 2.33M | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | -432K | -1.42M | -2.74M | -4.71M | -9.46M | -12.31M | -11.72M | -17.18M | -15.3M |
| Cash from Financing | 21.76M | 65.19M | 44.18M | 206.43M | 486M | -39.99M | -20.03M | 1.44M | -11.12M |
| Debt Issued (Net) | 12.4M | -5.15M | -46.7M | 223.08M | 0 | -35K | 29.97M | -26.8M | -6.12M |
| Equity Issued (Net) | 0 | 72.33M | 91.22M | 10.19M | 486.39M | -39.62M | 55K | 48.65M | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | -40M | 0 | 0 | 0 |
| Other Financing | 9.36M | -2M | -339K | -26.83M | -390K | -331K | -50.05M | -20.4M | -5M |
| Net Change in Cash | -1.71M▲ 0% | 38.61M▲ 2363.1% | 44.72M▲ 15.8% | 188.76M▲ 322.1% | -59.79M▼ 131.7% | -111.58M▼ 86.6% | -30.16M▲ 73.0% | -26.24M▲ 13.0% | -16.88M▲ 35.7% |
| Free Cash Flow | -23.75M▲ 0% | -26.34M▼ 10.9% | 437K▲ 101.7% | -17.71M▼ 4153.8% | -51.09M▼ 188.4% | -67.39M▼ 31.9% | -12.58M▲ 81.3% | -28.12M▼ 123.6% | 8.81M▲ 131.3% |
| FCF Margin % | -18.22% | -17.48% | 0.21% | -9.48% | -19.13% | -22.57% | -4.07% | -10.11% | 3.78% |
| FCF Growth % | 32.23% | -10.9% | 101.66% | -4153.78% | -188.38% | -31.91% | 81.34% | -123.6% | 131.33% |
| FCF per Share | -1.22 | -1.38 | 0.02 | -0.65 | -1.59 | -2.02 | -0.34 | -0.58 | 0.17 |
| FCF Conversion (FCF/Net Income) | 1.13x | 0.36x | -0.67x | 0.14x | 0.30x | 0.12x | 0.00x | 0.05x | -0.09x |
| Interest Paid | 0 | 0 | 1.27M | 63K | 2.33M | 2.38M | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cardlytics, Inc. (CDLX) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | - | - | -102.05% | -17.56% | -36.89% | -30.33% | -103.13% | -77.77% | -184.88% | -326.02% |
| Return on Invested Capital (ROIC) | - | - | - | -26.54% | -88.97% | -26.03% | -70.11% | -32.1% | -54.8% | -18.31% |
| Gross Margin | 35.82% | 38.44% | 36.29% | 37.76% | 33.86% | 38.69% | 37.73% | 42.17% | 43.44% | 45.05% |
| Net Margin | -67.09% | -15.07% | -35.2% | -8.15% | -29.65% | -48.13% | -155.85% | -43.56% | -68.02% | -44.36% |
| Debt / Equity | - | - | 0.90x | 0.00x | 1.20x | 0.29x | 1.11x | 1.97x | 3.17x | - |
| Interest Coverage | -4.92x | -1.37x | -15.25x | -12.05x | -15.02x | -9.63x | -116.21x | -20.79x | -20.26x | -4.43x |
| FCF Conversion | 0.43x | 1.13x | 0.36x | -0.67x | 0.14x | 0.30x | 0.12x | 0.00x | 0.05x | -0.09x |
| Revenue Growth | 45.32% | 15.55% | 15.59% | 39.65% | -11.19% | 42.93% | 11.76% | 3.57% | -10% | -16.18% |
Cardlytics, Inc. (CDLX) SEC filings — annual & quarterly reports (10-K, 10-Q)
Mar 24, 2026·SEC
Mar 4, 2026·SEC
Jan 26, 2026·SEC
Cardlytics, Inc. (CDLX) stock FAQ — growth, dividends, profitability & financials explained
Cardlytics, Inc. (CDLX) reported $233.3M in revenue for fiscal year 2025. This represents a 200% increase from $77.6M in 2015.
Cardlytics, Inc. (CDLX) saw revenue decline by 16.2% over the past year.
Cardlytics, Inc. (CDLX) reported a net loss of $103.5M for fiscal year 2025.
Cardlytics, Inc. (CDLX) has a return on equity (ROE) of -326.0%. Negative ROE indicates the company is unprofitable.
Cardlytics, Inc. (CDLX) generated $4.8M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
Cardlytics, Inc. (CDLX) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates