Quarterly ResultAug 5, 2026, 04:18 PM
Cardlytics Q2 Revenue $36.88M, Net Loss $(14.88)M; Reverse Split & Divestment
AI Summary
Cardlytics reported Q2 2026 revenue of $36.88 million, a significant decrease from $58.04 million in the prior year, and a net loss of $(14.88) million, widening from $(9.28) million YoY. The company completed a 1-for-10 reverse stock split on June 5, 2026, and finalized the divestiture of its Bridg platform in March 2026, which contributed a $13.9 million gain from discontinued operations for the six-month period. Cash and cash equivalents stood at $28.04 million, with net cash used in operating activities increasing to $(14.24) million for the first six months of 2026.
Key Highlights
- Q2 2026 Revenue: $36.88 million, down from $58.04 million YoY.
- Q2 2026 Net Loss: $(14.88) million, compared to $(9.28) million YoY.
- 1-for-10 reverse stock split effective June 5, 2026.
- Bridg platform divestiture completed March 24, 2026.
- Gain on Bridg divestiture: $13.9 million for six months ended June 30, 2026.
- Net cash used in operating activities: $(14.24) million for six months.
- Cash and cash equivalents: $28.04 million as of June 30, 2026.
- Total stockholders' deficit: $(16.00) million as of June 30, 2026.
Price Impact
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