Filing Flows › Technology › Cardlytics (CDLX)
Cardlytics (CDLX) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · Cardlytics (CDLX) Q3 2026 earnings results →
Q3 2026 Revenue down 30% year over year to $32.9M · 27¢ of every $1 of revenue lost · operating margin -16.5%
Cardlytics made $32.9M in Q3 2026 (-30% Y/Y): Engagement based pricing $21.7M, Served based pricing $10.1M, Other Revenue(1) $1.1M. Operating margin -16.5%, net loss $8.9M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $32.9M in Q3 2026, down 30% year over year and down 11% from the previous quarter. Engagement based pricing was the largest line at 66% of revenue. Served based pricing lost $8.1M year over year (down 44%), 57% of the total change.
Operating costs exceeded revenue by $5.4M, an operating margin of -16.5%. Total costs fell 66% while revenue fell 30%. The quarter ended with a net loss of $8.9M, narrower than the previous quarter's $14.9M loss.
Operating cash flow was −$5.9M. Non-cash charges added back $4.2M of depreciation and amortization and $1.6M of share-based compensation. Working capital and other items used $2.8M. Capital expenditures of $20K exceeded it, leaving free cash flow of −$5.9M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 5, 2026 | $32.9M | -30% | -16.5% | −$8.9M | −$5.9M |
| Q2 2026 | 10-Q | Aug 5, 2026 | $36.9M | -36% | -14.8% | −$14.9M | −$8.6M |
| Q1 2026 | 10-Q | May 7, 2026 | $34.3M | -39% | -24.1% | −$4.5M | −$5.6M |
| Q4 2025 | 10-K | Mar 4, 2026 | $56.1M | -24% | -10.9% | −$8.2M | $13.0M |
| Q3 2025 | 10-Q | Nov 5, 2025 | $52.0M | -22% | -132.3% | −$72.7M | $1.8M |
| Q2 2025 | 10-Q | Aug 6, 2025 | $63.2M | -9% | -20.2% | −$9.3M | $1.2M |
| Q1 2025 | 10-Q | May 7, 2025 | $61.9M | -8% | -22.7% | −$13.3M | −$6.7M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Cardlytics
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.
In its own words, from its 10-K, filed Mar 4, 2026.
Cardlytics against its Services-Computer Programming, Data Processing, Etc. peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -30% against the peers' median +14%. Operating margin: -16.5% against the peers' median 19.1%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| CDLX Cardlytics | Q3 2026 | $32.9M | -30% | -16.5% |
| GOOGL Alphabet | Q3 2026 | $127.6B | +25% | 31.8% |
| META Meta Platforms | Q3 2026 | $64.6B | +26% | 20.1% |
| SPCX Space Exploration Technologies | Q3 2026 | $14.6B | +161% | 19.1% |
| FLUT Flutter Entertainment | Q3 2026 | $3.9B | +2% | -30.7% |
| APP AppLovin | Q3 2026 | $2.2B | +56% | 78.2% |
| SNAP Snap | Q3 2026 | $1.7B | +14% | 4.5% |
| ZM Zoom Communications | Q2 FY27 | $1.3B | +5% | 24.6% |
| PINS Pinterest | Q3 2026 | $1.2B | +12% | 2.6% |
Source: Cardlytics 10-Q on SEC EDGAR · CIK 1666071 · Services-Computer Programming, Data Processing, Etc.
Guidance and outlook
13F: who owns CDLX and who is buying
More on CDLX
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results