Cardlytics, Inc. income statement
In fiscal 2025, Cardlytics, Inc. reported revenue of $233m, down 16.2% on the year before, operating income of −$102m (a -43.6% margin) and net income of −$103m, or −$1.95 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 113 | 130 | 151 | 210 | 187 | 267 | 299 | 309 | 278 | 233 | 179 |
| Research and development | 14 | 12 | 16 | 12 | 18 | 38 | 54 | 51 | 50 | 40 | 29 |
| Selling and marketing | 31 | 32 | 42 | 44 | 45 | 66 | 75 | 57 | 53 | 39 | 29 |
| General and administrative | 21 | 20 | 34 | 37 | 47 | 66 | 81 | 59 | 56 | 47 | 37 |
| Operating income | −56 | −17 | −41 | −17 | −54 | −123 | −458 | −136 | −195 | −102 | −89 |
| Interest expense | — | — | — | — | 3 | 13 | 4 | 6 | 9 | −11 | −10 |
| Net interest income | −6 | −8 | −3 | −1 | −3 | −13 | −3 | −2 | — | — | — |
| Income before tax | −76 | −20 | −53 | −17 | −55 | −136 | −467 | −135 | −189 | −103 | −103 |
| Income tax | 0 | 0 | 0 | 0 | 0 | −8 | −1 | 0 | 0 | 0 | — |
| Net income | −76 | −20 | −53 | −17 | −55 | −129 | −465 | −135 | −189 | −103 | −100 |
| Diluted EPS | −$32.48 | −$7.86 | −$2.79 | −$0.72 | −$2.04 | −$3.99 | −$13.92 | −$3.69 | −$3.91 | −$1.95 | — |
| Diluted shares (average) | 2m | 3m | 19m | 24m | 27m | 32m | 33m | 36m | 48m | 53m | — |
| EBITDA | −52 | −14 | −38 | −13 | −46 | −93 | −420 | −109 | −170 | −77 | −68 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 67 | 74 | 56 | 58 | 52 | 56 | 34 | 37 |
| Research and development | 13 | 10 | 10 | 10 | 9 | 8 | 6 | 6 |
| Selling and marketing | 13 | 11 | 10 | 9 | 8 | 8 | 7 | 7 |
| General and administrative | 12 | 14 | 13 | 12 | 11 | 10 | 8 | 8 |
| Operating income | −149 | −8 | −11 | −10 | −69 | −6 | −8 | −5 |
| Interest expense | 2 | 2 | 2 | 2 | 3 | −18 | 3 | 3 |
| Net interest income | −1 | — | −2 | — | — | — | — | — |
| Income before tax | −145 | −16 | −10 | −6 | −73 | −8 | −14 | −9 |
| Income tax | — | — | 0 | 0 | — | — | 0 | 0 |
| Net income | −145 | −16 | −13 | −9 | −73 | −8 | −4 | −15 |
| Diluted EPS | −$29.00 | −$0.25 | −$0.26 | −$0.18 | −$13.60 | −$0.14 | — | — |
| EBITDA | −142 | −2 | −5 | −5 | −62 | 0 | −4 | −1 |
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