undamentalytics Newsletter

Cardlytics vs Fluent

Cardlytics and Fluent are similar in size: $233m and $209m of revenue in their latest fiscal years. Cardlytics grew faster (-16.2% against -18.0%). Fluent kept more of each dollar of sales as profit: a net margin of -13.0% against -44.4%.

Latest fiscal yearCardlyticsCDLX, 2025FluentFLNT, 2025
Revenue $233m $209m
Revenue growth -16.2% -18.0%
Net income −$103m −$27.2m
Operating margin — -9.7%
Net margin -44.4% -13.0%
Return on equity — -125.9%
Free cash flow $8.8m −$1.5m
Cash $48.7m $12.9m
Total debt $209m $34.6m
Debt to equity — 189.9%
Dividend per share — —
Dividend yield — —
Share buybacks — —
Employees 275 186
Market value $11.5m $112m
Price vs our value range — Above our value range
Moat score 0 (Weak) 18 (Weak)
Insider trades, 12 months 2 buys, 16 sales 13 buys, 14 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.