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CDLX explained · candor

Cardlytics

CDLXServices: computer programming, data processing, etc.

Download the full report (PDF)

Explained from its latest yearly and quarterly reports to the SEC, filed November 5, 2026.

The share price

What the stock market pays for one share of Cardlytics today. Below is what the business behind it actually sells, earns, owes and keeps, from its own reports.

Live price from TradingView, shown for context. It changes every trading day, unlike the filed figures below. candor never says whether the price is right.

Cardlytics at a glance

How its main figures link up, worked out with its own numbers.

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Sales and profitCash flowOwns and owesFor shareholders

Sales and profit

Cash flow

Owns and owes

For shareholders

Key numbers

From its latest yearly report. Point at a term to see exactly what it means.

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In the year to December 31, 2025, Cardlytics sold $212.3 million of goods and services, down 16.9% on the year before. It made a loss of about $49 for every $100 of sales. Its business brought in $9.3 million of cash, leaving $8.8 million after paying for buildings and equipment. It owed $164.7 million more in long-term debt than it held in cash.

$212.3 million
Cardlytics sold $212.3 million of goods and services in the year to December 31, 2025.
Year to December 31, 2025

All the numbers

The figures behind everything above, side by side, with the original reports to check them.

Show the ratios, what changed in a year, and the original reports

Key ratios

Ratios compare two numbers so companies of different sizes can be compared. Each one only combines figures from the same period or date.

Operating margin
-48%
Year ended December 31, 2025
Running the business cost more than it earned from sales: it lost about $48 on every $100 before interest and tax.
What it is: Operating income as a share of sales: of each $100 of sales, what's left after paying for what was sold and for running the business, before interest and tax.
Profit margin
-48.7%
Year ended December 31, 2025
After every cost, it lost about $49 for every $100 of sales.
What it is: Net income as a share of sales: what's left after every cost, including interest and tax. A 10% net profit margin means $10 of final profit for every $100 of sales.
Earnings per share
-$1.95
The year before-$3.91
Latest year-$1.95
Year ended December 31, 2025
Split across all its shares, the year's loss comes to $1.95 per share.
What it is: Net income divided by the average number of shares during the period. "Diluted" EPS also counts shares that could still be created, for example from staff stock awards, so it's usually slightly lower.
Free cash flow
$8.8 million
Cash its business brought in (operating cash flow)$9.3 million
Spent on buildings and equipment (capital expenditure)−$480,000
Left over as spare cash (free cash flow)$8.8 million
Year ended December 31, 2025
The cash left after running the business and paying for new buildings and equipment: money it could use for dividends, buybacks, paying debt or growing.
What it is: Operating cash flow minus capital expenditure: the cash left after the business pays for the buildings and equipment it needs. It's what the company can use to pay dividends, buy back shares, repay debt or save.
Current ratio
1.82
$1.82
Less than it owes soon$1 for $1More than enough
On September 30, 2026
It had about $1.82 of cash and other short-term assets for every $1 of bills due within a year, more than enough to cover them.
What it is: Current assets (cash, money customers owe it, stock and anything else it expects to turn into cash within a year) divided by current liabilities (bills it must pay within a year). 1.5 means $1.50 coming in for every $1 due.
Assets per $1 owed
$0.91
What it owns (assets)$228.5 million
What it owes (liabilities)$251.5 million
On September 30, 2026
Everything it owns (buildings, cash, stock, money owed to it) is worth about $0.91 for every $1 it owes in total.
What it is: Everything the company owes: loans, bonds, bills to suppliers, taxes due, and other obligations.

What changed in a year

Each figure next to the same figure a year earlier. Quarters are compared with the same quarter a year before, because many businesses are busier in some seasons.

Revenue (sales)
Down 16.9%
$212.3 million vs $255.6 million a year earlier
The year before$255.6 million
Latest year$212.3 million
Year ended December 31, 2025, vs the year before
It sold less than the year before.
What it is: All the money a company takes in from selling its products and services, before paying any costs. Also called sales.
Revenue (sales)
Down 30%
$32.9 million vs $47 million a year earlier
Same quarter a year earlier$47 million
Latest quarter$32.9 million
Quarter ended September 30, 2026, vs the same quarter a year earlier
Its latest three months brought in fewer sales than the same three months a year earlier.
What it is: A three-month period. US public companies report their results every quarter.
Net income (profit)
No comparison
-$103.5 million vs -$189.3 million a year earlier
The year before-$189.3 million
Latest year-$103.5 million
Year ended December 31, 2025, vs the year before
A percentage change isn't meaningful here, because one of the two figures was a loss or zero.

Left out on purpose: gross profit. The company either doesn't report this in SEC's standard data, or the latest figure isn't available yet. candor leaves a number out rather than guess.

Read the original reports

Source: Annual report (10-K) filed March 4, 2026 Source: Quarterly report (10-Q) filed November 5, 2026