A Business at a Glance
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ITEM 1. BUSINESS We operate a commerce media platform that is designed to make commerce smarter and rewarding for everyone. At the core of our commerce media platform is the financial media network that we run within our partners' digital channels, which includes online and mobile applications (the "Cardlytics platform"). Additionally, we operate an identity resolution platform that utilizes point-of-sale ("POS") data, including product-level purchase data, to enable marketers to perform analytics and targeted loyalty marketing and also measure the impact of their marketing (the "Bridg platform"). The partners for the Cardlytics platform are predominantly financial institutions ("FI partners") that provide us with access to their anonymized purchase data and digital banking customers. The partners for the Bridg platform are predominantly merchants ("merchant data partners") that provide us with access to their POS data, including product-level purchase data.
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 251M | 278M | 309M | 299M | 267M | 187M |
| Net Income | -111M | -189M | -135M | -465M | -129M | -55M |
| EPS | $-2.06 | $-3.91 | $-3.69 | $-10.55 | $-3.83 | $-2.04 |
| Free Cash Flow | -1.3M | -10M | -852K | -55M | -42M | -13M |
| ROIC | -28.1% | -307.3% | -81.7% | -403.2% | -14.7% | -16.7% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.00 | 0.66 | 0.22 | 0.00 | 0.27 | 1.11 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -104M | -195M | -136M | -458M | -123M | -54M |
| Operating Margin | -41.4% | -70.2% | -43.9% | -153.3% | -45.9% | -28.9% |
| ROE | 0.0% | -184.9% | -99.9% | -219.9% | -18.6% | -35.3% |
| Shares Outstanding | 54M | 48M | 37M | 44M | 34M | 27M |
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |||
|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||
| Revenue | 130M | 151M | 210M | 187M | 267M | 299M | 309M | 278M | 251M |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EBIT | -17M | -41M | -17M | -54M | -123M | -458M | -136M | -195M | -104M |
| Op. Margin | -13.1% | -27.2% | -8.2% | -28.9% | -45.9% | -153.3% | -43.9% | -70.2% | -41.4% |
| Net Income | -25M | -53M | -17M | -55M | -129M | -465M | -135M | -189M | -111M |
| Net Margin | -19.5% | -35.3% | -8.1% | -29.7% | -48.1% | -155.8% | -43.6% | -68.0% | -44.1% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | -6.6M | 0 | 0 |
| Returns on Capital | |||||||||
| ROIC | -13.4% | -53.9% | -12.0% | -16.7% | -14.7% | N/M | -81.7% | N/M | -28.1% |
| ROE | N/A | -102.4% | -12.0% | -35.3% | -18.6% | -219.9% | -99.9% | -184.9% | 0.0% |
| ROA | -25.2% | -34.6% | -7.6% | -13.1% | -10.2% | -67.3% | -23.5% | -39.2% | -37.8% |
| Cash Flow | |||||||||
| Op. Cash Flow | -22M | -19M | 11M | -7.6M | -39M | -54M | -185K | -8.8M | -741K |
| Free Cash Flow | -23M | -25M | 3.2M | -13M | -42M | -55M | -852K | -10M | -1.3M |
| Owner Earnings | -30M | -49M | -8.9M | -48M | -119M | -136M | -68M | -75M | -67M |
| CapEx | 1.2M | 5.9M | 8.3M | 5.4M | 3.1M | 1.2M | 667K | 1.6M | 578K |
| Maint. CapEx | 3.0M | 3.3M | 4.5M | 7.8M | 30M | 38M | 26M | 26M | 26M |
| Growth CapEx | 0 | 2.6M | 3.7M | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 3.0M | 3.3M | 4.5M | 7.8M | 30M | 38M | 26M | 26M | 26M |
| CapEx/OCF | N/A | N/A | 72.2% | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Capital Allocation | |||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 40M | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | 18.7% | N/A | N/A | 0.0% |
| Stock-Based Comp | 5.1M | 27M | 16M | 32M | 50M | 45M | 41M | 40M | 40M |
| Debt Repayment | 99K | 53M | 47M | 23K | 0 | 35K | 31K | 199M | 199M |
| Balance Sheet | |||||||||
| Net Debt | 36M | 7.1M | -104M | -119M | -49M | -122M | -62M | -20M | 2.1M |
| Cash & Equiv. | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 44M |
| Long-Term Debt | 57M | 47M | 24K | 174M | 184M | 0 | 30M | 0 | N/A |
| Debt/Equity | -0.27 | 0.90 | 0.00 | 1.11 | 0.27 | 0.00 | 0.22 | 0.66 | 0.00 |
| Interest Coverage | N/A | -4.2 | -13.7 | N/A | -52.7 | -192.3 | -58.1 | -35.2 | -35.2 |
| Equity | -209M | 52M | 143M | 157M | 691M | 212M | 135M | 70M | -4.7M |
| Total Assets | 101M | 154M | 224M | 423M | 1.3B | 691M | 574M | 393M | 293M |
| Total Liabilities | 309M | 102M | 81M | 265M | 573M | 480M | 439M | 323M | 298M |
| Intangibles | 1.1M | 740K | 778K | 447K | 868M | 406M | 312M | 171M | 171M |
| Retained Earnings | -268M | -321M | -339M | -394M | -523M | -977M | -1.1B | -1.3B | -1.3B |
| Working Capital | 32M | 72M | 117M | 304M | 31M | 1.1M | 53M | 29M | 29M |
| Current Assets | 75M | 124M | 196M | 386M | 359M | 250M | 224M | 178M | 178M |
| Current Liabilities | 42M | 52M | 78M | 81M | 327M | 249M | 171M | 149M | 149M |
| Per Share Data | |||||||||
| EPS | -7.86 | -2.79 | -0.72 | -2.04 | -3.83 | -10.55 | -3.69 | -3.91 | -2.06 |
| Owner EPS | -1.35 | -2.57 | -0.37 | -1.76 | -3.53 | -3.09 | -1.85 | -1.55 | -1.24 |
| Book Value | -9.27 | 2.73 | 6.02 | 5.79 | 20.55 | 4.80 | 3.69 | 1.45 | -0.09 |
| Cash Flow/Share | -0.98 | -1.00 | 0.48 | -0.28 | -1.15 | -1.22 | -0.01 | -0.18 | -1.57 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 22.5M | 19.1M | 23.8M | 27.2M | 33.6M | 44.1M | 36.5M | 48.4M | 54.1M |
| Valuation | |||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -0.5 |
| P/FCF | N/A | N/A | 486.4 | N/A | N/A | N/A | N/A | N/A | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | N/A | 3.9 | 10.8 | 23.4 | 3.2 | 1.0 | 2.5 | 2.6 | N/A |
| Price/Sales | N/A | 2.4 | 3.3 | 11.1 | 13.4 | 4.3 | 1.0 | 1.2 | 0.2 |
| FCF Yield | N/A | -12.3% | 0.2% | -0.4% | -1.9% | -25.7% | -0.3% | -5.8% | -2.5% |
| Market Cap | N/A | 202M | 1.5B | 3.7B | 2.2B | 214M | 341M | 181M | 53M |
| Avg. Price | N/A | 18.68 | 29.10 | 76.21 | 106.39 | 29.15 | 8.59 | 7.16 | 0.98 |
| Year-End Price | N/A | 10.62 | 64.96 | 135.41 | 65.08 | 4.86 | 9.33 | 3.73 | 0.98 |
Cardlytics, Inc. passes 0 of 9 quality checks, indicating weak fundamentals.
Cardlytics, Inc. (CDLX) has a 5-year average return on invested capital (ROIC) of -37.7%. This is below average and may indicate limited pricing power.
Cardlytics, Inc. (CDLX) has a market capitalization of $53M. It is classified as a small-cap stock.
Cardlytics, Inc. (CDLX) does not currently pay a regular dividend.
Cardlytics, Inc. (CDLX) operates in the Services-Computer Programming, Data Processing, Etc. industry, within the Technology sector.
Cardlytics, Inc. (CDLX) reported annual revenue of $278 million in its most recent fiscal year, based on SEC EDGAR filings.
Cardlytics, Inc. (CDLX) has a net profit margin of -68.0%. The company is currently unprofitable.
Cardlytics, Inc. (CDLX) generated $-10 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
Cardlytics, Inc. (CDLX) has a debt-to-equity ratio of 0.66. This indicates moderate leverage.
Cardlytics, Inc. (CDLX) reported earnings per share (EPS) of $-3.91 in its most recent fiscal year.
Cardlytics, Inc. (CDLX) has a return on equity (ROE) of -184.9%. A negative ROE may indicate losses or negative equity.
The Ledger Terminal provides 8 years of financial data for Cardlytics, Inc. (CDLX), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Cardlytics, Inc. (CDLX) has a book value per share of $1.45, based on its most recent annual SEC filing.