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CDLX logoCardlytics, Inc.(CDLX)Earnings, Financials & Key Ratios

CDLX•NASDAQ
$0.80
$44M mkt cap·Price updated May 6, 2026
SectorCommunication ServicesIndustryAdvertising & MarketingSub-IndustryPerformance and commerce marketing
AboutCardlytics, Inc. operates an advertising platform in the United States and the United Kingdom. It offers Cardlytics platform, a proprietary native bank advertising channel that enables marketers to reach customers through their network of financial institution partners through digital channels, such as online, mobile applications, email, and various real-time notifications; and Bridg platform, a customer data platform which utilizes point-of-sale data and enables marketers to perform analytics and targeted loyalty marketing, as well as measure the impact of their marketing. The company was incorporated in 2008 and is headquartered in Atlanta, Georgia.Show more
  • Revenue$233M-16.2%
  • EBITDA-$20M+88.2%
  • Net Income-$103M+45.3%
  • EPS (Diluted)-1.95+50.1%
  • Gross Margin45.05%+3.7%
  • EBITDA Margin-8.46%+86.0%
  • Operating Margin-20.21%+71.2%
  • Net Margin-44.36%+34.8%
  • ROE-326.02%-76.3%
  • ROIC-18.31%+66.6%
  • Interest Coverage-4.43+78.1%
Technical→

CDLX Key Insights

Cardlytics, Inc. (CDLX) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

No significant strengths identified

✗Weaknesses

  • ✗Profits declining 13.3% over 5 years
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

CDLX Price & Volume

Cardlytics, Inc. (CDLX) stock price & volume — 10-year historical chart

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CDLX Growth Metrics

Cardlytics, Inc. (CDLX) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years11.63%
5 Years4.53%
3 Years-7.89%
TTM-16.18%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM45.33%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM49.18%

Return on Capital

10 Years-49.91%
5 Years-39.81%
3 Years-37.82%
Last Year-20.9%

CDLX Peer Comparison

Cardlytics, Inc. (CDLX) competitors in Performance and commerce marketing — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
PERI logoPERIPerion Network Ltd.Direct Competitor477.39M10.65-56.05-11.71%-1.8%-1.17%0.06
MGNI logoMGNIMagnite, Inc.Direct Competitor1.92B13.3914.096.85%21.96%18.57%0.30
APPS logoAPPSDigital Turbine, Inc.Direct Competitor476.06M3.98-4.47-9.91%-7.88%-21.55%2.72
ACMR logoACMRACM Research, Inc.Direct Competitor3.67B55.3840.4215.24%10.44%6.11%0.16
IAS logoIASIntegral Ad Science Holding Corp.Direct Competitor1.74B10.3444.9611.75%7.91%4.23%0.06
TTD logoTTDThe Trade Desk, Inc.Product Competitor11.42B23.9926.3618.47%15.31%16.89%0.18
CRTO logoCRTOCriteo S.A.Product Competitor811.27M15.865.980.6%6.01%9.9%0.13
PUBM logoPUBMPubMatic, Inc.Product Competitor476.66M10.14-32.71-2.86%-5.11%-5.51%0.17

Compare CDLX vs Peers

Cardlytics, Inc. (CDLX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs PERI

Most directly comparable listed peer for CDLX.

Scale Benchmark

vs JPM

Larger-name benchmark to compare CDLX against a more recognizable public peer.

Peer Set

Compare Top 5

vs PERI, MGNI, APPS, ACMR

CDLX Income Statement

Cardlytics, Inc. (CDLX) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Sales/Revenue130.37M150.68M210.43M186.89M267.12M298.54M309.2M278.3M233.27M
Revenue Growth %15.55%15.59%39.65%-11.19%42.93%11.76%3.57%-10%-16.18%
Cost of Goods Sold80.26M96M130.97M123.62M163.78M185.91M178.83M157.4M128.19M
COGS % of Revenue61.56%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 Expenses67.2M95.6M96.78M117.2M225.94M570.41M266.05M316.39M152.22M
OpEx % of Revenue51.55%63.44%45.99%62.71%84.58%191.07%86.04%113.69%65.25%
Selling, General & Admin52.03M76.11M80.55M91.84M132.22M156.19M116.24M109.13M86.75M
SG&A % of Revenue39.91%50.51%38.28%49.14%49.5%52.32%37.59%39.21%37.19%
Research & Development12.15M16.21M11.7M17.53M38.1M54.44M51.35M49.61M39.77M
R&D % of Revenue9.32%10.76%5.56%9.38%14.27%18.23%16.61%17.83%17.05%
Other Operating Expenses6.28M-2.1M4.54M7.83M55.62M359.78M98.46M157.66M25.71M
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)3.03M3.28M4.54M11.59M35.65M43.74M29.52M27.88M27.41M
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 Income00829K440K297K1.44M3.85M3.35M2.71M
Interest Expense8.24M3.26M1.38M3.49M12.86M3.99M6.18M8.9M10.63M
Other Income/Expense-2.54M-12.13M181K-1.5M-13.83M-8.93M968K6.2M-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 Tax0000-7.86M-1.45M000
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 Operations000000000
Minority Interest000000000
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 Outstanding19.52M19.06M23.75M27.21M32.2M33.42M36.49M48.36M53.11M
Basic Shares Outstanding19.52M19.06M23.75M27.21M32.2M33.42M36.49M48.36M53.11M
Dividend Payout Ratio---------

CDLX Balance Sheet

Cardlytics, Inc. (CDLX) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Total Current Assets74.63M124.37M195.73M385.59M358.73M250.04M223.93M177.98M137.28M
Cash & Short-Term Investments21.26M39.62M104.46M293.24M233.47M121.91M91.83M65.59M48.72M
Cash Only21.26M39.62M104.46M293.24M233.47M121.91M91.83M65.59M48.72M
Short-Term Investments000000000
Accounts Receivable51.25M60.54M85.36M86.56M117.18M120.08M126M107.05M85.26M
Days Sales Outstanding143.48146.65148.06169.04160.12146.81148.74140.4133.4
Inventory020.25M0000000
Days Inventory Outstanding-76.98-------
Other Current Assets2.12M20.25M129K110K95K8.06M6.1M5.34M3.3M
Total Non-Current Assets26.13M29.39M28.58M36.95M905.07M441.19M350.22M214.73M148.36M
Property, Plant & Equipment7.32M10.23M14.29M24.63M21.47M12.49M10.63M8.94M6.97M
Fixed Asset Turnover17.81x14.73x14.73x7.59x12.44x23.91x29.08x31.14x33.46x
Goodwill0000742.52M352.72M277.2M159.43M110.31M
Intangible Assets961K2M4.2M6.75M138.68M73.4M59.65M11.37M5.55M
Long-Term Investments000000000
Other Non-Current Assets17.85M17.17M10.09M5.57M2.41M2.59M2.73M34.99M25.53M
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 Turnover1.29x0.98x0.94x0.44x0.21x0.43x0.54x0.71x0.82x
Asset Growth %16%52.61%45.88%88.37%199.1%-45.3%-16.94%-31.6%-27.26%
Total Current Liabilities42.14M51.92M78.4M81.27M327.35M248.94M171.15M148.96M78.39M
Accounts Payable1.55M2.1M1.23M1.36M4.62M3.77M4.42M3.69M3.36M
Days Payables Outstanding7.077.983.424.0210.297.399.038.559.57
Short-Term Debt44K21K000010K45.86M1.61M
Deferred Revenue (Current)132K346K1.13M349K3.28M1.75M2.4M2.15M2.59M
Other Current Liabilities4.59M43.52M8.19M7.58M194.61M114.61M150.52M37.04M70.83M
Current Ratio1.77x2.40x2.50x4.74x1.10x1.00x1.31x1.19x1.75x
Quick Ratio1.77x2.01x2.50x4.74x1.10x1.00x1.31x1.19x1.75x
Cash Conversion Cycle-215.65-------
Total Non-Current Liabilities267.31M49.87M2.65M184.07M245.75M230.69M268.2M173.76M213.76M
Long-Term Debt56.91M46.69M0174.01M184.4M226.05M257.58M167.73M208.92M
Capital Lease Obligations57K37K13K9.38M6.8M4.31M6.39M6.03M4.79M
Deferred Tax Liabilities000000000
Other Non-Current Liabilities210.34M3.14M2.63M679K54.38M04.16M00
Total Liabilities309.44M101.79M81.05M265.35M573.1M479.63M439.35M322.72M292.15M
Total Debt57.01M46.71M37K188.11M197.23M235.26M266.11M221.65M215.31M
Net Debt35.75M7.09M-104.42M-105.13M-36.24M113.36M174.28M156.06M166.59M
Debt / Equity-0.90x0.00x1.20x0.29x1.11x1.97x3.17x-
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-10.692.736.035.7821.456.333.691.45-0.12
Total Shareholders' Equity-208.69M51.98M143.27M157.19M690.7M211.6M134.8M69.99M-6.51M
Common Stock07K8K8K9K9K9K10K10K
Retained Earnings-268.44M-321.49M-338.63M-394.05M-522.62M-976.57M-1.11B-1.3B-1.4B
Treasury Stock000000000
Accumulated OCI1.07M1.99M1.31M-192K486K5.6M2.47M3.6M-2M
Minority Interest000000000

CDLX Cash Flow Statement

Cardlytics, Inc. (CDLX) cash flow — operating, investing & free cash flow history

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations-22.1M-19M11.46M-7.6M-38.52M-53.9M-185K-8.82M9.29M
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 & Amortization3.03M3.28M4.54M11.59M35.65M43.74M29.52M27.88M27.41M
Stock-Based Compensation5.15M26.79M15.85M32.4M50.26M44.69M40.98M40.37M28.13M
Deferred Taxes654K6.76M00-7.86M-1.45M000
Other Non-Cash Items2.93M644K3.6M7.59M18.68M335.7M77.5M128.01M51.53M
Working Capital Changes-14.22M-3.43M4.62M-3.75M-6.7M-11.32M-13.47M-15.77M5.71M
Change in Receivables-7.5M-9.43M-26.02M-2.4M-27.94M-4.55M-7.72M12.5M20.64M
Change in Inventory1.99M8.96M0000000
Change in Payables-1.91M911K-601K16K1.26M-893K239K499K179K
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-1.56M0
CapEx % of Revenue1.26%4.87%3.93%2.89%1.16%0.39%0.22%0.56%0.21%
Acquisitions0000-494.13M-2.27M2.33M00
Investments---------
Other Investing-432K-1.42M-2.74M-4.71M-9.46M-12.31M-11.72M-17.18M-15.3M
Cash from Financing21.76M65.19M44.18M206.43M486M-39.99M-20.03M1.44M-11.12M
Debt Issued (Net)12.4M-5.15M-46.7M223.08M0-35K29.97M-26.8M-6.12M
Equity Issued (Net)072.33M91.22M10.19M486.39M-39.62M55K48.65M0
Dividends Paid000000000
Share Repurchases00000-40M000
Other Financing9.36M-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-1.22-1.380.02-0.65-1.59-2.02-0.34-0.580.17
FCF Conversion (FCF/Net Income)1.13x0.36x-0.67x0.14x0.30x0.12x0.00x0.05x-0.09x
Interest Paid001.27M63K2.33M2.38M000
Taxes Paid000000000

CDLX Key Ratios

Cardlytics, Inc. (CDLX) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric2016201720182019202020212022202320242025
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 Margin35.82%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--0.90x0.00x1.20x0.29x1.11x1.97x3.17x-
Interest Coverage-4.92x-1.37x-15.25x-12.05x-15.02x-9.63x-116.21x-20.79x-20.26x-4.43x
FCF Conversion0.43x1.13x0.36x-0.67x0.14x0.30x0.12x0.00x0.05x-0.09x
Revenue Growth45.32%15.55%15.59%39.65%-11.19%42.93%11.76%3.57%-10%-16.18%

CDLX SEC Filings & Documents

Cardlytics, Inc. (CDLX) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Mar 24, 2026·SEC

Material company update

Mar 4, 2026·SEC

Material company update

Jan 26, 2026·SEC

10-K Annual Reports

3
FY 2026

Mar 4, 2026·SEC

FY 2025

Mar 12, 2025·SEC

FY 2024

Mar 14, 2024·SEC

10-Q Quarterly Reports

6
FY 2025

Nov 5, 2025·SEC

FY 2025

Aug 6, 2025·SEC

FY 2025

May 7, 2025·SEC

CDLX Frequently Asked Questions

Cardlytics, Inc. (CDLX) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

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.

Dividend & Returns

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.

Explore More CDLX

Cardlytics, Inc. (CDLX) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

→

Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

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