CDLX — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-05-07

• On January 23, 2026, we entered into an asset purchase agreement (the “Purchase Agreement”) with PAR Technology Corporation (“PAR”) and DB Sub, LLC, an indirectly wholly owned subsidiary of PAR (“Buyer”), pursuant to which Buyer agreed to acquire all of our assets, properties and rights primarily re…

• On March 24, 2026 (the “Closing Date”), we completed the Bridg Sale. Pursuant to the Purchase Agreement, on the Closing Date, PAR delivered to us 1,810,222 shares of PAR’s common stock as consideration for the Bridg Sale.

• The Dosh app, a consumer facing cashback mobile application operated by Dosh Holdings LLC, was decommissioned on February 28, 2025. In connection with the decommission, for the three months ended March 31, 2025, we recorded a gain on disposal or divestiture of $5.4 million primarily due to the derec…

• During the three months ended March 31, 2026, Cardlytics MQUs decreased by 17.9 million compared to the three months ended March 31, 2025, primarily driven by a FI partner in the U.S. exiting the Cardlytics platform.

• During the three months ended March 31, 2026, Cardlytics ACPU decreased by $0.03 compared to the three months ended March 31, 2025 primarily driven by a FI partner in the U.S. exiting the Cardlytics platform.

Text removed vs the prior filing · source: 10-Q · 2025-11-05

• Three Months Ended September 30,ChangeNine Months Ended September 30,Change

• During the three months ended September 30, 2025, Cardlytics MQUs increased by 40.1 million compared to the three months ended September 30, 2024 primarily driven by organic growth of the existing FI partners in the U.K. and U.S. and new FI partners in the U.S. During the nine months ended September…

• Three Months Ended September 30,ChangeNine Months Ended September 30,Change

• During the three months ended September 30, 2025, Cardlytics ACPU decreased by $0.05 compared to the three months ended September 30, 2024 as a result of lower billings and the ramp of our newest FI Partner. During the nine months ended September 30, 2025, Cardlytics ACPU decreased by $0.12 compared…

• Three Months Ended September 30,ChangeNine Months Ended September 30,Change

Text added vs the prior filing · source: 10-Q · 2026-05-07

• The majority of our revenue and billings during the three months ended March 31, 2026 and 2025 were derived from sales of advertising via the Cardlytics platform. Following the closing of our sale of the Bridg business, our revenue and billings will be solely derived from the Cardlytics platform. Ac…

• Our FI partners have the ability to restrict us from publishing offers for certain marketers on their channels. These restrictions have impacted and may continue to impact our ability to grow marketing budgets for selected advertisers.

• Current or future threat actor capabilities, discovery of existing or new vulnerabilities in our systems and attempts to exploit those vulnerabilities or other developments may compromise the technology protecting our systems. Due to a variety of both internal and external factors, including defects…

• In any event, an actual or perceived breach of the security of our, or the third parties with whom we work, systems or data could materially harm our business, financial condition and operating results. Such adverse consequences may take the form of government enforcement actions (for example, inves…

• Most marketers do business with us by placing insertion orders for particular marketing campaigns, either directly or through marketing agencies that act on their behalf. We often do not have any commitment from a marketer beyond the campaigns governed by a particular insertion order, and we frequen…

Text removed vs the prior filing · source: 10-Q · 2025-11-05

• The majority of our revenue and billings during nine months ended September 30, 2025 and 2024 were derived from sales of advertising via the Cardlytics platform. Our operating results could suffer due to:

• Our FI partners have the ability to restrict us from publishing offers for certain marketers on their channels. Our largest FI partner has recently substantially increased the number of marketers that are subject to such restrictions, and has further informed us that this list of restricted marketer…

• Current or future criminal capabilities, discovery of existing or new vulnerabilities in our systems and attempts to exploit those vulnerabilities or other developments may compromise the technology protecting our systems. Due to a variety of both internal and external factors, including defects or …

• In any event, an actual or perceived breach of the security of our, or the third parties with whom we work, systems or data could materially harm our business, financial condition and operating results. Security incidents and associated consequences may prevent or cause customers to stop using our p…

• Most marketers do business with us by placing insertion orders for particular marketing campaigns, either directly or through marketing agencies that act on their behalf. We often do not have any commitment from a marketer beyond the campaigns governed by a particular insertion order, and we frequen…