← Cardlytics, Inc.

Annual Trend FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 TTM
Net Loss ($19.6m) ($53.0m) ($17.1m) ($55.4m) ($128.6m) ($465.3m) ($134.7m) ($189.3m) ($103.5m) —
Net Income — — — — — ($465.3m)
($134.7m) +71.05%
($189.3m) -40.54%
($103.5m) +45.33%
($100.3m) +3.10%
Depreciation and amortization $3.0m $3.3m $4.5m $7.8m $29.9m $37.5m $26.5m $25.7m $25.2m $22.7m
Amortization of financing costs charged to interest expense $560k $282k $95k $312k $968k $1.6m $1.6m $1.6m $1.5m —
Amortization of right-of-use asset — $0 $0 $3.8m $5.8m $6.2m $3.1m $2.2m $2.2m —
Depreciation Amortization Depletion — — — — — $43.7m $29.5m $27.9m $27.4m $22.7m
Deferred Income Tax — — — — ($7.9m) ($1.4m) $0 $0 — $0
Deferred Tax — — — — ($7.9m) ($1.4m) $0 $0 — $0
Stock-based compensation expense $5.1m $26.8m $15.9m $32.4m $50.3m $44.7m $41.0m $40.4m $28.1m $19.1m
Impairment of goodwill and intangible assets — — — $0 $0 $453.3m $70.5m $131.6m $58.8m —
Asset Impairment Charge — — — — — $453.3m $70.5m $131.6m $58.8m $58.8m
Change In Working Capital — — — — — ($11.3m) ($13.5m) ($15.8m) $5.7m $5.5m
Accounts receivable and contracts assets, net ($7.5m) ($9.4m) ($26.0m) ($2.4m) ($27.9m) ($4.5m) ($7.7m) $12.5m $20.6m $23.7m
Change In Receivables — — — — — ($4.5m) ($7.7m) $12.5m $20.6m $23.7m
Accounts payable ($1.9m) $911k ($601k) $16k $1.3m ($893k) $239k $499k $179k ($148k)
Change In Payables And Accrued Expense — — — — — ($10.4m) ($7.3m) ($6.1m) ($545k) ($148k)
Other accrued expenses $466k $3.3m $6.2m ($1.2m) ($905k) ($9.5m) ($7.5m) ($6.6m) ($724k) —
Amounts accrued for property and equipment $750k $640k $456k $242k $267k $67k $579k $95k $12k —
Amounts accrued for capitalized software development costs $61k $0 $10k $68k $253k $155k $40k $174k $39k —
Change In Accrued Expense — — — — — ($9.5m) ($7.5m) ($6.6m) ($724k) $614k
Prepaid expenses and other assets ($666k) ($2.3m) ($2.2m) ($65k) $1.5m $535k $2.5m $1.4m $1.8m —
Change In Other Current Liabilities — — — — — $3.1m ($988k) ($23.5m) ($16.2m) ($22.7m)
Net cash provided by (used in) operating activities ($22.1m)
($19.0m) +14.06%
$11.5m +160.32%
($7.6m) -166.32%
($38.5m) -407.02%
($53.9m) -39.93%
($185k) +99.66%
($8.8m) -4669.73%
$9.3m +205.28%
$532k -94.27%
Acquisition of property and equipment ($1.2m) ($5.9m) ($8.3m) ($5.4m) ($3.1m) ($1.2m) ($667k) ($1.6m) ($480k) —
Capital Expenditure — — — — — ($13.5m) ($12.4m) ($19.3m) ($15.8m) ($11.4m)
Capital Expenditure Reported — — — — — ($12.1m) ($11.7m) ($17.7m) ($15.3m) ($11.4m)
Proceeds from Divestiture of Businesses, Net of Cash Divested — — — — $0 $0 $2.3m $552k $480k $280k
Net cash used in investing activities ($1.6m) ($7.3m) ($11.0m) ($10.1m) ($506.7m) ($15.8m) ($10.1m) ($18.7m) ($15.3m) $11.9m
Gain on debt extinguishment — — — — — — $0 ($13.0m) $0 —
Proceeds from issuance of debt $12.5m $47.4m $0 $0 $0 $0 $30.0m $172.5m $56.0m $61.0m
Principal payments of debt ($99k) ($52.6m) ($46.7m) ($23k) $0 ($35k) ($31k) ($199.3m) ($62.0m) —
Debt issuance costs ($142k) ($48k) ($143k) ($382k) ($200k) ($174k) $0 ($6.0m) ($122k) —
Long Term Debt Issuance — — — — — $0 $30.0m $172.5m $56.0m $61.0m
Long Term Debt Payments — — — — — ($35k) ($31k) ($199.3m) ($62.0m) ($92.1m)
Net Issuance Payments Of Debt — — — — — ($35k) $30.0m ($26.8m) ($6.0m) ($31.1m)
Net Long Term Debt Issuance — — — — — ($35k) $30.0m ($26.8m) ($6.0m) ($31.1m)
Repayment Of Debt — — — — — ($35k) ($31k) ($199.3m) ($62.0m) ($92.1m)
Proceeds from issuance of common stock $230k $72.3m $91.2m $10.2m $486.4m $379k $55k $48.6m $0 $11k
Issuance of common stock, net of issuance costs - Settlement Agreement (as defined below) — — — — — $0 $0 $27.5m $0 $11k
Common Stock Issuance — — — — — $379k $55k $48.6m $0 $11k
Common Stock Payments — — — — $0 ($40.0m) $0 $0 — $0
Issuance Of Capital Stock — — — — — $379k $55k $48.6m $0 $11k
Repurchase Of Capital Stock — — — — $0 ($40.0m) $0 $0 — $0
Net Other Financing Charges — — — — — ($331k) ($50.0m) ($20.4m) ($5.1m) ($59k)
Net cash (used in) provided by financing activities $21.8m
$65.2m +199.58%
$44.2m -32.23%
$206.4m +367.26%
$486.0m +135.43%
($40.0m) -108.23%
($20.0m) +49.92%
$1.4m +107.21%
($11.1m) -870.22%
—
Cash, cash equivalents, and restricted cash — Beginning of period $21.3m $59.9m $104.6m $293.3m $233.6m $122.0m $91.8m $65.6m $48.7m —
Beginning Cash Position — — — — — $233.6m $122.0m $91.8m $65.6m $46.7m
Effect of exchange rates on cash, cash equivalents and restricted cash $282k ($246k) $101k $47k ($567k) ($1.9m) $118k ($110k) $259k —
Net decrease in cash, cash equivalents and restricted cash ($1.7m) $38.6m $44.7m $188.8m ($59.8m) ($111.6m) ($30.2m) ($26.2m) ($16.9m) —
Restricted cash $0 $20.2m $129k $110k $95k $80k $0 $0 $0 —
Effect Of Exchange Rate Changes — — — — — ($1.9m) $118k ($110k) $259k $12k
Additional Supplementary Disclosures
Additional Supplementary Disclosures
Credit loss expense — $130k $1.2m $1.2m ($1.7m) ($2.4m) $1.7m $6.1m $2.1m —
Gain (Loss) on Disposition of Business — — — — $0 $0 $6.5m $0 ($4.8m) —
Business Combination, Contingent Consideration, Change in Contingent Consideration, Liability, Increase (Decrease) — — $0 $0 $1.4m ($128.2m) $1.2m $210k $102k —
Other non-cash expense (income), net ($1.1m) $4.8m $631k ($1.0m) $1.3m $6.6m ($4.2m) $1.5m ($6.2m) —
Partner Share liability $804k $3.7m $14.3m ($4.5m) $9.1m $1.7m $405k ($16.4m) ($8.2m) —
Customer Incentive liability $1.4m $4.2m $8.4m $4.4m $13.2m $1.4m ($1.4m) ($7.1m) ($8.0m) —
Capitalized software development costs ($372k) ($1.4m) ($2.7m) ($4.6m) ($9.3m) ($12.1m) ($11.7m) ($17.7m) ($15.3m) —
Proceeds from termination of capped calls related to convertible notes — — — — — $0 $0 $115k $0 —
Settlement of contingent consideration — — — — $0 $0 ($50.0m) ($14.2m) ($5.0m) —
Equity issuance costs ($2.7m) ($1.9m) ($196k) $0 ($190k) ($157k) $0 ($309k) $0 —
Cash and cash equivalents $21.3m $39.6m $104.5m $293.2m $233.5m $121.9m $91.8m $65.6m $48.7m $46.7m
Cash paid for interest $873k $9.7m $1.3m $63k $2.3m $2.4m $4.2m $6.1m $9.3m —
Cash Flow From Continuing Financing Activities — — — — — ($40.0m) ($20.0m) $1.4m ($11.1m) ($31.1m)
Cash Flow From Continuing Investing Activities — — — — — ($15.8m) ($10.1m) ($18.7m) ($15.3m) $11.9m
Change In Account Payable — — — — — ($893k) $239k $499k $179k ($148k)
Change In Cash Supplemental As Reported — — — — — ($111.6m) ($30.2m) ($26.2m) ($16.9m) —
Change In Payable — — — — — ($893k) $239k $499k $179k ($148k)
Change In Prepaid Assets — — — — — $535k $2.5m $1.4m $1.8m $4.0m
Changes In Cash — — — — — ($109.7m) ($30.3m) ($26.1m) ($17.1m) ($18.7m)
End Cash Position — — — — — $122.0m $91.8m $65.6m $48.7m $28.0m
Financing Cash Flow — — — — — ($40.0m)
($20.0m) +49.92%
$1.4m +107.21%
($11.1m) -870.22%
($31.1m) -179.89%
Free Cash Flow — — — — — ($67.4m) ($12.6m) ($28.1m) ($6.5m) ($10.9m)
Gain Loss On Sale Of Business — — — — — $0 $6.5m $0 ($4.8m) ($13.5m)
Income Tax Paid Supplemental Data — — — — $0 — — — — —
Investing Cash Flow — — — — — ($15.8m) ($10.1m) ($18.7m) ($15.3m) $11.9m
Net Business Purchase And Sale — — — — — ($2.3m) $2.3m $552k $480k $280k
Net Intangibles Purchase And Sale — — — — ($133k) ($175k) $0 $0 — $0
Net PPE Purchase And Sale — — — — — ($1.2m) ($667k) ($1.6m) ($480k) ($69k)
Operating Gains Losses — — — — — — $6.5m ($13.0m) ($4.8m) ($11.2m)
Other Non Cash Items — — — — — ($117.6m) $428k $9.4m ($2.5m) —
Purchase Of Business — — — — ($494.1m) ($2.3m) $0 $0 — $0
Purchase Of Intangibles — — — — ($133k) ($175k) $0 $0 — $0
Purchase Of PPE — $5.9m $8.3m $5.4m $3.1m ($1.2m) ($667k) ($1.6m) ($480k) ($11.4m)
Sale Of Business — — — — — $0 $2.3m $552k $480k $280k
Stock Based Compensation — — — — — $44.7m $41.0m $40.4m $28.1m $19.1m

Amounts are shown in USD as reported in each fiscal year filing.