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Side-by-side financial comparison of Cardlytics, Inc. (CDLX) and Prairie Operating Co. (PROP). Click either name above to swap in a different company.

Prairie Operating Co. is the larger business by last-quarter revenue ($77.7M vs $50.9M, roughly 1.5× Cardlytics, Inc.). Over the past eight quarters, Prairie Operating Co.'s revenue compounded faster (9784.4% CAGR vs -9.6%).

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.

Prairie Farms Dairy is a dairy cooperative founded in Carlinville, Illinois, and now headquartered in Edwardsville, Illinois. As a dairy cooperative, Prairie Farms receives milk from producers and converts it into many different products, including cheese, butter, ice cream, sour cream, cottage cheese, various dips, yogurt, and fluid milk. Prairie Farms also produces and sells juices, flavored drinks, and pre-made iced tea.

CDLX vs PROP — Head-to-Head

Bigger by revenue
PROP
PROP
1.5× larger
PROP
$77.7M
$50.9M
CDLX
Faster 2-yr revenue CAGR
PROP
PROP
Annualised
PROP
9784.4%
-9.6%
CDLX

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
CDLX
CDLX
PROP
PROP
Revenue
$50.9M
$77.7M
Net Profit
$1.3M
Gross Margin
Operating Margin
-12.0%
34.8%
Net Margin
1.7%
Revenue YoY
-25.5%
Net Profit YoY
111.3%
EPS (diluted)
$-0.15
$-0.44

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.

Revenue
CDLX
CDLX
PROP
PROP
Q4 25
$50.9M
Q3 25
$47.0M
$77.7M
Q2 25
$58.0M
$68.1M
Q1 25
$56.4M
$13.6M
Q4 24
$68.3M
Q3 24
$61.1M
$0
Q2 24
$64.0M
Q1 24
$62.2M
Net Profit
CDLX
CDLX
PROP
PROP
Q4 25
Q3 25
$-72.7M
$1.3M
Q2 25
$-9.3M
$35.7M
Q1 25
$-13.3M
$-2.6M
Q4 24
Q3 24
$-145.2M
$-11.4M
Q2 24
$-4.3M
Q1 24
$-24.3M
Operating Margin
CDLX
CDLX
PROP
PROP
Q4 25
-12.0%
Q3 25
-146.6%
34.8%
Q2 25
-22.0%
27.8%
Q1 25
-24.9%
12.9%
Q4 24
-12.2%
Q3 24
-243.1%
Q2 24
-24.7%
Q1 24
-36.7%
Net Margin
CDLX
CDLX
PROP
PROP
Q4 25
Q3 25
-154.7%
1.7%
Q2 25
-16.0%
52.4%
Q1 25
-23.5%
-19.3%
Q4 24
Q3 24
-237.6%
Q2 24
-6.7%
Q1 24
-39.0%
EPS (diluted)
CDLX
CDLX
PROP
PROP
Q4 25
$-0.15
Q3 25
$-1.36
$-0.44
Q2 25
$-0.18
$0.18
Q1 25
$-0.26
$-3.49
Q4 24
$-0.36
Q3 24
$-2.90
$-0.68
Q2 24
$-0.09
Q1 24
$-0.56

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CDLX
CDLX
PROP
PROP
Cash + ST InvestmentsLiquidity on hand
$48.7M
$10.6M
Total DebtLower is stronger
$212.6M
Stockholders' EquityBook value
$-6.5M
$101.8M
Total Assets
$285.6M
$939.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CDLX
CDLX
PROP
PROP
Q4 25
$48.7M
Q3 25
$44.0M
$10.6M
Q2 25
$46.7M
$10.7M
Q1 25
$52.0M
$15.0M
Q4 24
$65.6M
Q3 24
$67.0M
$40.1M
Q2 24
$71.2M
Q1 24
$97.8M
Total Debt
CDLX
CDLX
PROP
PROP
Q4 25
$212.6M
Q3 25
$214.6M
Q2 25
$214.3M
$387.0M
Q1 25
$213.9M
$377.0M
Q4 24
$213.6M
Q3 24
$213.2M
Q2 24
$212.9M
Q1 24
$257.9M
Stockholders' Equity
CDLX
CDLX
PROP
PROP
Q4 25
$-6.5M
Q3 25
$-4.7M
$101.8M
Q2 25
$58.7M
$94.2M
Q1 25
$64.1M
$34.0M
Q4 24
$70.0M
Q3 24
$69.7M
$61.3M
Q2 24
$210.0M
Q1 24
$199.1M
Total Assets
CDLX
CDLX
PROP
PROP
Q4 25
$285.6M
Q3 25
$292.8M
$939.8M
Q2 25
$361.1M
$858.5M
Q1 25
$369.1M
$775.4M
Q4 24
$392.7M
Q3 24
$399.4M
$107.2M
Q2 24
$534.4M
Q1 24
$569.0M
Debt / Equity
CDLX
CDLX
PROP
PROP
Q4 25
Q3 25
Q2 25
3.65×
4.11×
Q1 25
3.34×
11.07×
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
CDLX
CDLX
PROP
PROP
Operating Cash FlowLast quarter
$13.0M
$57.7M
Free Cash FlowOCF − Capex
$13.0M
FCF MarginFCF / Revenue
25.5%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
44.80×
TTM Free Cash FlowTrailing 4 quarters
$8.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CDLX
CDLX
PROP
PROP
Q4 25
$13.0M
Q3 25
$1.8M
$57.7M
Q2 25
$1.2M
$-7.2M
Q1 25
$-6.7M
$16.9M
Q4 24
$3.0M
Q3 24
$1.4M
$2.8M
Q2 24
$4.4M
Q1 24
$-17.6M
Free Cash Flow
CDLX
CDLX
PROP
PROP
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
FCF Margin
CDLX
CDLX
PROP
PROP
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%
Capex Intensity
CDLX
CDLX
PROP
PROP
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%
Cash Conversion
CDLX
CDLX
PROP
PROP
Q4 25
Q3 25
44.80×
Q2 25
-0.20×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CDLX
CDLX

Segment breakdown not available.

PROP
PROP

Crude Oil Sales$64.9M84%
Natural Gas Sales$7.6M10%
Natural Gas Liquids Reserves$5.2M7%

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