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Side-by-side financial comparison of Cardlytics, Inc. (CDLX) and Quest Resource Holding Corp (QRHC). Click either name above to swap in a different company.

Quest Resource Holding Corp is the larger business by last-quarter revenue ($58.9M vs $50.9M, roughly 1.2× Cardlytics, Inc.). On growth, Quest Resource Holding Corp posted the faster year-over-year revenue change (-15.8% vs -25.5%). Cardlytics, Inc. produced more free cash flow last quarter ($13.0M vs $1.0M). Over the past eight quarters, Cardlytics, Inc.'s revenue compounded faster (-9.6% CAGR vs -10.0%).

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.

Quest Resource Holding Corp provides end-to-end waste management, recycling, and sustainability solutions to commercial, industrial, and retail clients across North America. It helps businesses cut waste volumes, reduce operational costs, and fulfill corporate environmental targets via customized waste diversion and circular economy initiatives.

CDLX vs QRHC — Head-to-Head

Bigger by revenue
QRHC
QRHC
1.2× larger
QRHC
$58.9M
$50.9M
CDLX
Growing faster (revenue YoY)
QRHC
QRHC
+9.6% gap
QRHC
-15.8%
-25.5%
CDLX
More free cash flow
CDLX
CDLX
$12.0M more FCF
CDLX
$13.0M
$1.0M
QRHC
Faster 2-yr revenue CAGR
CDLX
CDLX
Annualised
CDLX
-9.6%
-10.0%
QRHC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CDLX
CDLX
QRHC
QRHC
Revenue
$50.9M
$58.9M
Net Profit
$-1.7M
Gross Margin
15.5%
Operating Margin
-12.0%
0.9%
Net Margin
-2.8%
Revenue YoY
-25.5%
-15.8%
Net Profit YoY
82.6%
EPS (diluted)
$-0.15
$-0.08

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
QRHC
QRHC
Q4 25
$50.9M
$58.9M
Q3 25
$47.0M
$63.3M
Q2 25
$58.0M
$59.5M
Q1 25
$56.4M
$68.4M
Q4 24
$68.3M
$70.0M
Q3 24
$61.1M
$72.8M
Q2 24
$64.0M
$73.1M
Q1 24
$62.2M
$72.7M
Net Profit
CDLX
CDLX
QRHC
QRHC
Q4 25
$-1.7M
Q3 25
$-72.7M
$-1.3M
Q2 25
$-9.3M
$-2.0M
Q1 25
$-13.3M
$-10.4M
Q4 24
$-9.5M
Q3 24
$-145.2M
$-3.4M
Q2 24
$-4.3M
$-1.5M
Q1 24
$-24.3M
$-655.0K
Gross Margin
CDLX
CDLX
QRHC
QRHC
Q4 25
15.5%
Q3 25
18.1%
Q2 25
18.5%
Q1 25
16.0%
Q4 24
15.3%
Q3 24
16.1%
Q2 24
18.5%
Q1 24
19.3%
Operating Margin
CDLX
CDLX
QRHC
QRHC
Q4 25
-12.0%
0.9%
Q3 25
-146.6%
1.7%
Q2 25
-22.0%
0.6%
Q1 25
-24.9%
-11.9%
Q4 24
-12.2%
-10.3%
Q3 24
-243.1%
-1.3%
Q2 24
-24.7%
2.4%
Q1 24
-36.7%
2.6%
Net Margin
CDLX
CDLX
QRHC
QRHC
Q4 25
-2.8%
Q3 25
-154.7%
-2.1%
Q2 25
-16.0%
-3.3%
Q1 25
-23.5%
-15.2%
Q4 24
-13.6%
Q3 24
-237.6%
-4.7%
Q2 24
-6.7%
-2.1%
Q1 24
-39.0%
-0.9%
EPS (diluted)
CDLX
CDLX
QRHC
QRHC
Q4 25
$-0.15
$-0.08
Q3 25
$-1.36
$-0.06
Q2 25
$-0.18
$-0.09
Q1 25
$-0.26
$-0.50
Q4 24
$-0.36
$-0.47
Q3 24
$-2.90
$-0.16
Q2 24
$-0.09
$-0.07
Q1 24
$-0.56
$-0.03

Balance Sheet & Financial Strength

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

Metric
CDLX
CDLX
QRHC
QRHC
Cash + ST InvestmentsLiquidity on hand
$48.7M
$1.0M
Total DebtLower is stronger
$212.6M
$64.0M
Stockholders' EquityBook value
$-6.5M
$40.5M
Total Assets
$285.6M
$145.6M
Debt / EquityLower = less leverage
1.58×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CDLX
CDLX
QRHC
QRHC
Q4 25
$48.7M
$1.0M
Q3 25
$44.0M
$1.1M
Q2 25
$46.7M
$449.0K
Q1 25
$52.0M
$1.4M
Q4 24
$65.6M
$396.0K
Q3 24
$67.0M
$1.1M
Q2 24
$71.2M
$957.5K
Q1 24
$97.8M
$581.1K
Total Debt
CDLX
CDLX
QRHC
QRHC
Q4 25
$212.6M
$64.0M
Q3 25
$214.6M
$65.4M
Q2 25
$214.3M
$69.7M
Q1 25
$213.9M
$74.1M
Q4 24
$213.6M
$76.3M
Q3 24
$213.2M
$71.9M
Q2 24
$212.9M
$70.7M
Q1 24
$257.9M
$68.5M
Stockholders' Equity
CDLX
CDLX
QRHC
QRHC
Q4 25
$-6.5M
$40.5M
Q3 25
$-4.7M
$42.0M
Q2 25
$58.7M
$42.9M
Q1 25
$64.1M
$44.4M
Q4 24
$70.0M
$54.2M
Q3 24
$69.7M
$62.8M
Q2 24
$210.0M
$65.6M
Q1 24
$199.1M
$66.3M
Total Assets
CDLX
CDLX
QRHC
QRHC
Q4 25
$285.6M
$145.6M
Q3 25
$292.8M
$149.3M
Q2 25
$361.1M
$153.1M
Q1 25
$369.1M
$165.7M
Q4 24
$392.7M
$175.6M
Q3 24
$399.4M
$178.2M
Q2 24
$534.4M
$181.8M
Q1 24
$569.0M
$179.0M
Debt / Equity
CDLX
CDLX
QRHC
QRHC
Q4 25
1.58×
Q3 25
1.56×
Q2 25
3.65×
1.62×
Q1 25
3.34×
1.67×
Q4 24
3.05×
1.41×
Q3 24
3.06×
1.15×
Q2 24
1.01×
1.08×
Q1 24
1.29×
1.03×

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
QRHC
QRHC
Operating Cash FlowLast quarter
$13.0M
$1.1M
Free Cash FlowOCF − Capex
$13.0M
$1.0M
FCF MarginFCF / Revenue
25.5%
1.7%
Capex IntensityCapex / Revenue
0.0%
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$8.8M
$9.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CDLX
CDLX
QRHC
QRHC
Q4 25
$13.0M
$1.1M
Q3 25
$1.8M
$5.7M
Q2 25
$1.2M
$3.9M
Q1 25
$-6.7M
$-1.1M
Q4 24
$3.0M
$-4.8M
Q3 24
$1.4M
$-475.0K
Q2 24
$4.4M
$808.0K
Q1 24
$-17.6M
$-1.7M
Free Cash Flow
CDLX
CDLX
QRHC
QRHC
Q4 25
$13.0M
$1.0M
Q3 25
$1.7M
$5.6M
Q2 25
$903.0K
$3.9M
Q1 25
$-6.8M
$-1.2M
Q4 24
$2.9M
$-5.2M
Q3 24
$878.0K
$-583.0K
Q2 24
$4.1M
$-1.4M
Q1 24
$-18.3M
$-3.6M
FCF Margin
CDLX
CDLX
QRHC
QRHC
Q4 25
25.5%
1.7%
Q3 25
3.7%
8.9%
Q2 25
1.6%
6.5%
Q1 25
-12.1%
-1.8%
Q4 24
4.2%
-7.4%
Q3 24
1.4%
-0.8%
Q2 24
6.5%
-2.0%
Q1 24
-29.4%
-4.9%
Capex Intensity
CDLX
CDLX
QRHC
QRHC
Q4 25
0.0%
0.1%
Q3 25
0.0%
0.0%
Q2 25
0.6%
0.0%
Q1 25
0.2%
0.2%
Q4 24
0.2%
0.6%
Q3 24
0.8%
0.1%
Q2 24
0.4%
3.1%
Q1 24
1.0%
2.6%

Financial Flow Comparison

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

Revenue Breakdown by Segment

CDLX
CDLX

Segment breakdown not available.

QRHC
QRHC

Services$55.8M95%
Product Sales And Other$3.1M5%

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