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ATLANTA - Cardlytics Inc. (NASDAQ:CDLX), a micro-cap company valued at $59.63 million, has fully repaid the remaining $46.1 million in principal amount of its 1.00% convertible senior notes that were due today, according to a press release statement from the company. InvestingPro data shows the company operates with a significant debt burden, with a debt-to-equity ratio of 3.75.
Following this repayment, the commerce media platform now has $172.5 million in aggregate principal amount outstanding of its 4.25% convertible senior notes due in 2029, along with $50 million drawn on its line of credit. The company reported $92.7 million in cash and cash equivalents as of August 31, 2025, and confirmed it remains in compliance with all financial covenants related to its credit line. With a current ratio of 1.16, InvestingPro analysis indicates the company’s liquid assets exceed its short-term obligations.
"In our current environment, disciplined cash management remains a top priority for us," said Alexis DeSieno, Chief Financial Officer of Cardlytics. The company stated it is committed to achieving positive adjusted EBITDA for the full year 2025 and 2026.
Cardlytics operates as a commerce media platform that leverages first-party purchase data to provide advertising solutions. The company reports visibility into approximately half of all card-based transactions in the U.S. and a quarter in the U.K., enabling it to connect advertisers with consumers through its card-linked offer network.
The debt repayment comes as the company evaluates options to optimize its cost structure and strengthen its liquidity position in the current economic climate. Recent financial data from InvestingPro shows revenue of $266.2 million over the last twelve months, though with a concerning decline of 12.84%. Discover more insights and 10+ additional ProTips about Cardlytics in the comprehensive Pro Research Report.
In other recent news, Cardlytics Inc. announced its second-quarter 2025 earnings, surpassing analyst expectations with an earnings per share (EPS) of -$0.13 compared to the anticipated -$0.39. However, the company reported revenue of $63.2 million, falling short of the forecasted $64.06 million. These earnings results have been a focal point for investors, especially given the revenue miss, despite the EPS exceeding predictions. The market’s response reflects concerns over the decline in revenue. Analysts had projected different outcomes, and the actual results have influenced investor sentiment. The earnings report highlights the company’s ongoing financial performance and market positioning. These developments are crucial for investors monitoring Cardlytics’ financial health and future prospects.
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