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Side-by-side financial comparison of Cardlytics, Inc. (CDLX) and NaaS Technology Inc. (NAAS). Click either name above to swap in a different company.
Cardlytics, Inc. is the larger business by last-quarter revenue ($50.9M vs $25.9M, roughly 2.0× NaaS Technology Inc.). On growth, NaaS Technology Inc. posted the faster year-over-year revenue change (121.2% vs -25.5%).
Cardlytics is a leading purchase intelligence and advertising platform that partners with major banks to analyze anonymized consumer transaction data. It delivers targeted, performance-driven ad campaigns for consumer brands, retailers and service providers, helping advertisers reach audiences based on real purchase behavior, with core operations across North America and the United Kingdom.
NaaS Technology Inc. is a leading electric vehicle energy service provider based in China. It delivers one-stop solutions covering charging network operation, software and hardware support for charging station operators, and value-added services such as charging location search and payment for EV owners, serving both enterprise and individual customers across domestic and select overseas markets.
CDLX vs NAAS — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2024
| Metric | | |
|---|---|---|
| Revenue | $50.9M | $25.9M |
| Net Profit | — | $-50.0M |
| Gross Margin | — | 29.2% |
| Operating Margin | -12.0% | -144.2% |
| Net Margin | — | -193.3% |
| Revenue YoY | -25.5% | 121.2% |
| Net Profit YoY | — | 18.4% |
| EPS (diluted) | $-0.15 | $-0.02 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $50.9M | — | ||
| Q3 25 | $47.0M | — | ||
| Q2 25 | $58.0M | — | ||
| Q1 25 | $56.4M | — | ||
| Q4 24 | $68.3M | — | ||
| Q3 24 | $61.1M | — | ||
| Q2 24 | $64.0M | $25.9M | ||
| Q1 24 | $62.2M | — |
| Q4 25 | — | — | ||
| Q3 25 | $-72.7M | — | ||
| Q2 25 | $-9.3M | — | ||
| Q1 25 | $-13.3M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $-145.2M | — | ||
| Q2 24 | $-4.3M | $-50.0M | ||
| Q1 24 | $-24.3M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 29.2% | ||
| Q1 24 | — | — |
| Q4 25 | -12.0% | — | ||
| Q3 25 | -146.6% | — | ||
| Q2 25 | -22.0% | — | ||
| Q1 25 | -24.9% | — | ||
| Q4 24 | -12.2% | — | ||
| Q3 24 | -243.1% | — | ||
| Q2 24 | -24.7% | -144.2% | ||
| Q1 24 | -36.7% | — |
| Q4 25 | — | — | ||
| Q3 25 | -154.7% | — | ||
| Q2 25 | -16.0% | — | ||
| Q1 25 | -23.5% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -237.6% | — | ||
| Q2 24 | -6.7% | -193.3% | ||
| Q1 24 | -39.0% | — |
| Q4 25 | $-0.15 | — | ||
| Q3 25 | $-1.36 | — | ||
| Q2 25 | $-0.18 | — | ||
| Q1 25 | $-0.26 | — | ||
| Q4 24 | $-0.36 | — | ||
| Q3 24 | $-2.90 | — | ||
| Q2 24 | $-0.09 | $-0.02 | ||
| Q1 24 | $-0.56 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $48.7M | $24.7M |
| Total DebtLower is stronger | $212.6M | — |
| Stockholders' EquityBook value | $-6.5M | $-33.4M |
| Total Assets | $285.6M | $180.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $48.7M | — | ||
| Q3 25 | $44.0M | — | ||
| Q2 25 | $46.7M | — | ||
| Q1 25 | $52.0M | — | ||
| Q4 24 | $65.6M | — | ||
| Q3 24 | $67.0M | — | ||
| Q2 24 | $71.2M | $24.7M | ||
| Q1 24 | $97.8M | — |
| Q4 25 | $212.6M | — | ||
| Q3 25 | $214.6M | — | ||
| Q2 25 | $214.3M | — | ||
| Q1 25 | $213.9M | — | ||
| Q4 24 | $213.6M | — | ||
| Q3 24 | $213.2M | — | ||
| Q2 24 | $212.9M | — | ||
| Q1 24 | $257.9M | — |
| Q4 25 | $-6.5M | — | ||
| Q3 25 | $-4.7M | — | ||
| Q2 25 | $58.7M | — | ||
| Q1 25 | $64.1M | — | ||
| Q4 24 | $70.0M | — | ||
| Q3 24 | $69.7M | — | ||
| Q2 24 | $210.0M | $-33.4M | ||
| Q1 24 | $199.1M | — |
| Q4 25 | $285.6M | — | ||
| Q3 25 | $292.8M | — | ||
| Q2 25 | $361.1M | — | ||
| Q1 25 | $369.1M | — | ||
| Q4 24 | $392.7M | — | ||
| Q3 24 | $399.4M | — | ||
| Q2 24 | $534.4M | $180.2M | ||
| Q1 24 | $569.0M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 3.65× | — | ||
| Q1 25 | 3.34× | — | ||
| Q4 24 | 3.05× | — | ||
| Q3 24 | 3.06× | — | ||
| Q2 24 | 1.01× | — | ||
| Q1 24 | 1.29× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $13.0M | $-25.7M |
| Free Cash FlowOCF − Capex | $13.0M | — |
| FCF MarginFCF / Revenue | 25.5% | — |
| Capex IntensityCapex / Revenue | 0.0% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $8.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.0M | — | ||
| Q3 25 | $1.8M | — | ||
| Q2 25 | $1.2M | — | ||
| Q1 25 | $-6.7M | — | ||
| Q4 24 | $3.0M | — | ||
| Q3 24 | $1.4M | — | ||
| Q2 24 | $4.4M | $-25.7M | ||
| Q1 24 | $-17.6M | — |
| Q4 25 | $13.0M | — | ||
| Q3 25 | $1.7M | — | ||
| Q2 25 | $903.0K | — | ||
| Q1 25 | $-6.8M | — | ||
| Q4 24 | $2.9M | — | ||
| Q3 24 | $878.0K | — | ||
| Q2 24 | $4.1M | — | ||
| Q1 24 | $-18.3M | — |
| Q4 25 | 25.5% | — | ||
| Q3 25 | 3.7% | — | ||
| Q2 25 | 1.6% | — | ||
| Q1 25 | -12.1% | — | ||
| Q4 24 | 4.2% | — | ||
| Q3 24 | 1.4% | — | ||
| Q2 24 | 6.5% | — | ||
| Q1 24 | -29.4% | — |
| Q4 25 | 0.0% | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | 0.6% | — | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 0.8% | — | ||
| Q2 24 | 0.4% | — | ||
| Q1 24 | 1.0% | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
