Cardlytics
Runs cashback offers inside banking apps, using card purchase data to target and measure.
Atlanta, Georgia, USA · founded 2008 · cardlytics.com
CDLX NASDAQ
What Cardlytics does
Cardlytics places cashback offers in the online and mobile banking apps of large banks: "get 10% back at this store". Because it sees card purchases, it can measure exactly which offers drove sales.
It is a form of commerce media built on banks' transaction data.
How it makes money
Advertisers pay when customers redeem offers; Cardlytics shares a portion with partner banks.
Where it meets invalid traffic
Purchase-based payment limits classic IVT; the main risks are offer abuse.
Products
- Cardlytics platform
- Bridg
Quarterly revenue
From SEC XBRL filings · latest quarter -36.5% year on yearQuarterly net income
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $258.8M | $277.2M | $285.4M | $255.6M | $212.3M |
| Net income | $-128.6M | $-465.3M | $-135M | $-189M | $-104M |
| Diluted EPS | — | $-13.92 | $-3.69 | $-3.91 | $-1.95 |
Earnings, explained
Cardlytics Q2 revenue drops 36%, but margins improve monthly
Cardlytics reported Q2 2026 revenue of $36.9 million, down 36% year-over-year. The company posted a net loss of $(14.9) million, wider than last year's $(9.3) million loss. Adjusted EBITDA was $1.7 million, compared to $3.0 million in Q2 2025. For Q3 2026, Cardlytics expects revenue between $34.0 and $39.0 million and adjusted EBITDA between $0 and $3.0 million.
Despite significant revenue declines, Cardlytics highlights improved margins and operational execution, suggesting efforts to control costs and focus on profitability. The results reflect ongoing challenges in the ad market and the company's transition following business divestitures.
SEC filings
EDGAR| Filed | Form | What it is |
|---|---|---|
| 2026-09-11 | 8-K | Material agreement · Financial statements and exhibits |
| 2026-08-05 | 10-Q | Quarterly report |
| 2026-08-05 | 8-K | Results of operations (earnings) · Financial statements and exhibits |
| 2026-06-03 | 8-K | Listing notice · Item 3.03 |
| 2026-05-20 | 8-K | Shareholder vote |
| 2026-05-12 | 8-K | Executive or director change |
| 2026-05-07 | 8-K | Results of operations (earnings) · Financial statements and exhibits |
| 2026-05-07 | 10-Q | Quarterly report |
| 2026-04-09 | DEF 14A | DEF 14A |
| 2026-03-24 | 8-K | Acquisition or sale completed · Financial statements and exhibits |
| 2026-03-04 | 8-K | Results of operations (earnings) · Financial statements and exhibits |
| 2026-03-04 | 10-K | Annual report |
| 2026-01-26 | 8-K | Material agreement |
| 2025-12-18 | 8-K | Executive or director change · Regulation FD disclosure · Financial statements and exhibits |
| 2025-12-05 | 8-K | Executive or director change |
| 2025-11-05 | 10-Q | Quarterly report |
| 2025-11-05 | 8-K | Results of operations (earnings) · Financial statements and exhibits |
| 2025-10-02 | 8-K | Restructuring costs · Regulation FD disclosure |