A company still losing money with shrinking sales, with elevated risk.
Watch out for
Owes more than it owns (negative equity)
Share count growing 16.7% a year (dilution)
Losing money, losses are large next to sales
Money moves
Insiders sold $47K in the last 30 days
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$1.69-8.2% that day
Company value
$10M
Share price times all shares
Price vs sales
0.06x
No profit over the last year, so this compares value with sales instead
Cash vs value
282%
A big cushion: cash is a large part of what the company is worth
From CDLX's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.
The business over time
Last 12 quarters, from SEC filings
Sales, Jun '26
$36.9M-36% vs a year earlier
Sep '23Tap a barJun '26
Last 12 months: $179.3M, down 30% from the 12 months before. Over 5 years, sales grew about 4.5% a year.
What the price assumes
Your guesses, our math
Move the sliders to your own view of CDLX. Starting points are the company's recent numbers (it isn't profitable yet, so the margin starts at a 10% guess).
Sales in 5 years$106M
Profit in 5 years$11M
Price these guesses point to$16.75+891% vs $1.69 todayAbout +58% a year, before dividends
What today's price needs: with a 10% margin and a 15x P/E, sales could shrink about 43% a year for 5 years and still match today's price.
Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.
The checklist Warren Buffett-style investors use. Annual numbers for 2025.
1/5Weak
MissDebt under half of equityNot relying on borrowed money.Owes more than it owns
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-44.6%
MissProfitable every yearSteady profits, not one good year.0 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$8.8M
MissShare count not growingNot diluting owners. Falling means buybacks.+58.9% in 3 years
Revenue
$233.3M
-16.2% vs prior year
5-year growth
+4.5%/yr
revenue, per year
Total debt
$208.9M
Current ratio
1.75x
short-term assets / bills due
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: return on equity 15%+, gross margin 40%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 5
Revenue
$36.9M
-36.5% YoY
Op. margin
-14.8%
+1.7 pts
Free cash flow
-$8.6M
Share count
+991.8%
vs a year ago
Insider rating
Last 90 days
43Mixed
1 insider sold $47K (not pre-planned)
50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.
Weekly insider trend
13 weeks agoBoughtSoldThis week
Filing buzz
Last 7 days vs normal
0/ 100
This week
0
Normal week
1.3
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady
The share count changed with a stock split this quarter, so the change in holdings isn't comparable until next quarter.
Shares held by institutions1.7M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+16.0%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
Owes more than it owns
Shares outstandingLatest reported
6M
Why high risk
Losing money, losses are large next to sales
Share count growing 16% a year (dilution)
Owes more than it owns (negative equity)
Revenue down 16.2% from the year before
Exchange listing notice (a delisting warning or a move to another exchange)