CDLX

EX-99.1

2 cdlx_form8-kx2026q2xex991.htm

EX-99.1

Document

Exhibit 99.1

Cardlytics Second Quarter 2026 Financial Results Driven By Strong Operational Performance

•Company delivers strong second quarter results:

◦Revenues of $36.9 million

◦Billings of $65.5 million

◦Adjusted Contribution of $21.3 million

◦Net Loss of $(14.9) million and Adjusted EBITDA, a non-GAAP metric, was $1.7 million

Atlanta, GA – August 5, 2026 – Cardlytics, Inc. (NASDAQ: CDLX), a purchase intelligence platform, today announced financial results for the second quarter ended June 30, 2026.

"The second quarter shows that our execution is translating directly into results. We were within our guidance across all key metrics, with margins improving every single month of the quarter,” said Amit Gupta, CEO of Cardlytics. “We added new advertiser relationships and deepened our partnerships with existing financial institutions this quarter, reinforcing that purchase intelligence remains our core competitive advantage. We have a clear and focused path to build long-term value for our shareholders."

"We continue to execute against our game plan for sequential growth and self-sustainability,” said David Evans, CFO of Cardlytics. “Our second quarter results were strong which shows our plan is working."

Second Quarter 2026 Financial Results

•Revenue was $36.9 million, a decrease of 36% year-over-year compared to $58.0 million in the second quarter of 2025.

•Billings, a non-GAAP metric, was $65.5 million, a decrease of 34% year-over-year compared to $98.8 million in the second quarter of 2025.

•Adjusted Contribution, a non-GAAP metric, was $21.3 million, a decrease of 32% year-over-year compared to $31.3 million in the second quarter of 2025.

•Net Loss was $(14.9) million in the second quarter of 2026, compared to $(9.3) million in the second quarter of 2025.

•Adjusted EBITDA, a non-GAAP metric, was $1.7 million compared to $3.0 million in the second quarter of 2025.

•Net Loss per share from continuing operations was $(1.50) per share, on a GAAP basis, compared to $(1.15) per share, in the prior year period. Adjusted Net Loss per share, on a Non-GAAP basis, was $(0.81) per share compared to $(0.60) per share in the prior year period.

•Net cash (used in) provided by operating activities was $(8.6) million, compared to $1.2 million in the second quarter of 2025.

•Free Cash Flow, a non-GAAP metric, was $(10.7) million, compared to $(3.4) million in the second quarter of 2025.

Key Metrics

•Cardlytics monthly qualified users ("MQUs") were 185.4 million, a decrease of 17% year-over-year, compared to 224.5 million in the second quarter of 2025.

•Cardlytics adjusted contribution per user ("ACPU") was $0.11 compared to $0.14 in the second quarter of 2025.

Definitions of MQUs and ACPU are included below under the caption “Other Performance Metrics."

CARDLYTICS, INC.

SUMMARY OF GAAP AND NON-GAAP RESULTS (UNAUDITED)

(Dollars in thousands)

Three Months Ended June 30,

20262025Change %

Billings(1)(2) $65,469 $98,840 (34)%

Consumer Incentives(2) 28,587 40,799 (30)%

Revenue(2) 36,882 58,041 (36)%

Partner Share and other third-party costs(2)

15,614 26,721 (42)%

Adjusted Contribution(1)(2) 21,268 31,320 (32)%

Delivery costs(2) 2,648 5,356 (51)%

Gross Profit(2) $18,620 $25,964 (28)%

Net Loss$(14,876)$(9,283)(60)%

Adjusted EBITDA(1)(2) $1,702 $2,996 (43)%

Adjusted Contribution

% of Billings32.5 %31.7 %

% of Revenue57.7 %54.0 %

Adjusted EBITDA

% of Billings2.6 %3.0 %

% of Revenue4.6 %5.2 %

(1)Billings, Adjusted Contribution and Adjusted EBITDA are non-GAAP measures. Reconciliations of these non-GAAP measures to the most comparable GAAP measures are presented below under the headings "Reconciliation of GAAP Revenue to Billings," "Reconciliation of GAAP Gross Profit to Adjusted Contribution" and "Reconciliation of GAAP Net Loss to Adjusted EBITDA."

(2)Revenues, Consumer Incentives, Billings, Gross Profit, Adjusted Contribution, and Adjusted EBITDA reflect the effects of disposed businesses through the respective disposal dates. Reconciliations of these non-GAAP measures to the most comparable GAAP measures are presented below under the headings "Reconciliation of GAAP Revenue to Billings," "Reconciliation of GAAP Gross Profit to Adjusted Contribution" and "Reconciliation of GAAP Net Loss to Adjusted EBITDA."

Third Quarter 2026 Financial Expectations

Cardlytics anticipates Billings, Revenue, Adjusted Contribution and Adjusted EBITDA to be in the following ranges (in millions, except for percentage change rates):

Q3 2026 GuidanceYoY Change

Billings(1) $61.0 - $67.0(27%) - (20%)

Revenue$34.0 - $39.0(27%) - (17%)

Adjusted Contribution(2) $20.0 - $23.0(22%) - (10%)

Adjusted EBITDA(2) $0 - $3.0($3.4) - ($0.4)

(1)A reconciliation of Billings to GAAP Revenue on a forward-looking basis is presented below under the heading "Reconciliation of Forecasted GAAP Revenue to Billings."

(2)A reconciliation of Adjusted Contribution to GAAP

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cdlx-202603040001666071false00016660712026-03-042026-03-04

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 4, 2026

CARDLYTICS, INC.

(Exact Name of Registrant as Specified in its Charter)

Delaware001-3838626-3039436 (State or other jurisdiction of incorporation or organization)(Commission File Number)(I.R.S. Employer Identification No.) 675 Ponce de Leon Avenue NE, Suite 4100AtlantaGeorgia30308 (Address of principal executive offices, including zip code) (888)798-5802 (Registrant's telephone, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:

Title of each classTrading symbolName of each exchange on which registered Common StockCDLXThe Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

ITEM 2.02    RESULTS OF OPERATIONS AND FINANCIAL CONDITION

On March 4, 2026, the Company issued a press release announcing its financial results for the quarter and year ended December 31, 2025, as well as information regarding a conference call to discuss these financial results and the Company’s recent corporate highlights. The Company’s press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The information included in this Item 2.02 and Exhibit 99.1 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing.

ITEM 9.01    FINANCIAL STATEMENTS AND EXHIBITS

(d)    Exhibits

Exhibit  Exhibit Description 99.1  Press release dated March 4, 2026

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Cardlytics, Inc.

Date:March 4, 2026 By:/s/ David Evans David Evans Chief Financial Officer (Principal Financial and Accounting Officer)