Cardlytics Inc. Common Stock (CDLX)

FairStock Score: 27/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

Cardlytics is a small advertising platform connecting banks, merchants, and purchase data. In Graham terms, the first question is not whether the idea is clever but whether the business earns money and has staying power. Here the record is poor. Revenue fell from $285.4 million in FY2023 to $255.6 million in FY2024 and $212.3 million in FY2025. Net losses were $134.7 million, $189.3 million, and $103.5 million in those same years. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $36.9 million and net income was -$14.9 million. In fiscal Q3 2025, the quarter ended 2025-09-30, the company lost $72.7 million, or $1.36 per diluted share. Those are not the marks of a durable moat; they suggest a business under pressure from competition and falling demand. The balance-sheet and cash signs are also weak. On the 2026-10-13 close of $2.16, FairStock shows a P/E of -0.11, ROE of -513.16%, ROCE of -7.37%, a Piotroski F-Score of 3/9, an Altman Z-Score of -8.08, and a trailing free cash flow yield of -19.9% on -$10.9 million of free cash flow. The FairStock Score is 27/100. The Lynch screen assigns no category because the company has lost money in each of the last four years. At a $54.9 million market cap, the price is tiny against FY2025 revenue. But Graham would demand a margin of safety in assets or earnings, and neither is visible. This is a speculative turnaround, not a proven value compounder. I would need evidence of stable revenue, narrower losses, and positive cash generation before calling it sound.

In plain English: Cardlytics runs ads inside bank apps and uses shopping data to target customers. The business is weak right now: sales are falling, and it keeps losing money. The stock price is very low, but because the company is not making a profit or positive cash, it does not look like a safe bargain.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer