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Institutional distribution: ownership decreased -1.48% quarter-over-quarter.
Data as of Q1 2026
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Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $3.75 today, the market must believe free cash flow compounds 17.6%/yr for a decade (off $9M normalized FCF).
The market's 17.6% is in line with its 6-yr track record.
2-stage DCF · 0.05B shares · net debt $160M
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
5/8 of the 9 checks — 1 couldn't be scored (see above), so the score is out of the 8 with data.
Safe > 2.99 · grey 1.81–2.99 · distress < 1.81
Needs granular two-year detail (receivables, PP&E, D&A, SG&A) — not fully reported.
Cash-conversion data unavailable. Lower/negative accruals = higher quality (Sloan).
Coverage data unavailable; leverage falling year-over-year.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
What the company returns to shareholders — and whether it's covered by cash.
No dividend to cover. Last year: $0 dividends + $0 buybacks = $0 returned on $9M FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A reinvestment story — most cash went back into growth rather than to shareholders.
Operating income fell despite reinvestment — a warning on capital productivity. Current ROIC on all capital: -51%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $49M covers the $0 due within a year 48719000.0× over. Scheduled principal only (excludes interest & revolver draws). As of 2025-12-31 (10-K).
Insufficient EBITDA/debt history.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest. Effective rate ~5.1% on $209M of debt.
Cash of $49M fully covers short-term debt of $0.
Mostly long-term debt (balance-sheet current vs non-current split). See the maturity ladder above for the year-by-year repayment schedule.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
EOD close · as of 2026-09-18
Nothing notable to watch.
Where each multiple sits in its own 8-yr range · 0th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 8-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
Returns are margin-driven, not leverage-driven — higher quality.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
High operating leverage: profit moved 3.0× as fast as sales — great in an upturn, painful in a downturn.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| R&D | 10.8 | 5.6 | 9.4 | 14.3 | 18.2 | 16.6 | 17.8 | 17.0 |
| SG&A | 22.7 | 17.4 | 24.9 | 24.8 | 27.3 | 19.0 | 20.3 | 20.3 |
| Operating Income | -27.2 | -8.2 | -28.9 | -45.9 | -153.3 | -43.9 | -70.2 | -43.6 |
| Income Tax | 0.0 | 0.0 | 0.0 | -2.9 | -0.5 | 0.0 | 0.0 | 0.0 |
| Net Income | -35.2 | -8.1 | -29.7 | -48.1 | -155.8 | -43.7 | -67.9 | -44.6 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on CDLX: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
EOD close · as of 2026-09-18
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $233.3M 100.0% | $278.3M 100.0% | $309.2M 100.0% | $298.5M 100.0% | $267.1M 100.0% | $186.9M 100.0% | $210.4M 100.0% | $150.7M 100.0% | $130.4M 100.0% | $112.8M 100.0% |
| Research & Development | $39.8M 17.0% | $49.6M 17.8% | $51.4M 16.6% | $54.4M 18.2% | $38.1M 14.3% | $17.5M 9.4% | $11.7M 5.6% | $16.2M 10.8% | $12.2M 9.3% | $13.9M 12.3% |
| Selling, General & Admin | $47.3M 20.3% | $56.5M 20.3% | $58.8M 19.0% | $81.4M 27.3% | $66.2M 24.8% | $46.5M 24.9% | $36.7M 17.4% | $34.2M 22.7% | $20.1M 15.4% | $21.4M 18.9% |
| Total Operating Expenses | $335.1M 143.6% | $473.8M 170.2% | $444.9M 143.9% | $756.3M 253.3% | $389.7M 145.9% | $240.8M 128.9% | $227.8M 108.2% | $191.6M 127.2% | $147.5M 113.1% | $169.1M 149.8% |
| Operating Income | -$101.8M -43.6% | -$195.5M -70.2% | -$135.7M -43.9% | -$457.8M -153.3% | -$122.6M -45.9% | -$53.9M -28.9% | -$17.3M -8.2% | -$40.9M -27.2% | -$17.1M -13.1% | -$56.2M -49.8% |
| Interest Expense | -$10.6M -4.5% | $8.9M 3.2% | $6.2M 2.0% | $4.0M 1.3% | $12.7M 4.7% | $3.3M 1.8% | — | — | — | — |
| Interest & Investment Income | $2.7M 1.2% | $3.4M 1.2% | $3.8M 1.2% | $1.4M 0.5% | — | — | — | — | — | — |
| Other Income (Expense), net | -$1.7M -0.7% | $6.2M 2.2% | $968K 0.3% | -$8.9M -3.0% | -$13.8M -5.2% | -$1.5M -0.8% | $181K 0.1% | -$12.1M -8.0% | -$2.5M -1.9% | -$19.5M -17.3% |
| Pretax Income | -$103.5M -44.4% | -$189.3M -68.0% | -$134.7M -43.6% | -$466.7M -156.3% | -$136.4M -51.1% | -$55.4M -29.7% | -$17.1M -8.1% | -$53.0M -35.2% | -$19.6M -15.1% | -$75.7M -67.1% |
| Income Tax Expense | $0 0.0% | $0 0.0% | $0 0.0% | -$1.4M -0.5% | -$7.9M -2.9% | $0 0.0% | $0 0.0% | $0 0.0% | $0 0.0% | $0 0.0% |
| Net Income | -$104.0M -44.6% | -$189.0M -67.9% | -$135.0M -43.7% | -$465.3M -155.8% | -$128.6M -48.1% | -$55.4M -29.7% | -$17.1M -8.1% | -$53.0M -35.2% | -$19.6M -15.1% | -$75.7M -67.1% |
| Per Share | ||||||||||
| EPS (Basic) | $-1.95 | $-3.91 | $-3.69 | $-13.92 | $-3.99 | $-2.04 | — | — | — | — |
| EPS (Diluted) | $-1.95 | $-3.91 | $-3.69 | $-13.92 | — | — | — | — | — | — |
| Weighted Avg Shares (Basic) | 53.1M | 48.4M | 36.5M | 33.4M | 32.2M | 27.2M | — | — | — | — |
| Weighted Avg Shares (Diluted) | 53.1M | 48.4M | 36.5M | 33.4M | — | — | — | — | — | — |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Ranked against 192 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-03-31.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GOOG | $4.16T | 31.9× | 27.8× | 10.3× | 15.1% | 59.7% | 32.8% | 31.8% | 28.5% | 0.3× | 4,874 |
| META | $1.68T | 28.3× | 16.7× | 8.3× | 22.2% | 82.0% | 30.1% | 27.8% | 21.9% | 0.6× | 4,839 |
| AMX | $1.37T | — | — | — | — | — | — | — | — | — | 318 |
| CHT | $356.1B | — | — | — | — | — | — | — | — | — | 206 |
| NFLX | $303.1B | 28.4× | 22.6× | 6.7× | 15.9% | 48.5% | 24.3% | 41.3% | 26.7% | 1.1× | 3,458 |
| CCZ | $239.2B | 12.0× | 6.4× | 1.9× | -0.0% | — | 16.2% | 20.6% | 19.4% | 0.2× | 1 |
| VZ | $203.2B | 11.8× | 4.1× | 1.5× | 2.5% | — | 12.4% | 16.2% | 16.2% | 0.0× | 3,122 |
| DIS | $195.1B | 15.0× | 10.1× | 2.1× | 3.4% | — | 13.1% | 11.3% | 8.2% | 1.8× | 2,883 |
| TMUS | $186.2B | 17.3× | 8.4× | 2.1× | 8.5% | — | 12.4% | 18.6% | 7.6% | 2.7× | 1,648 |
| T | $182.1B | 8.4× | 6.8× | 1.4× | 2.7% | — | 17.5% | 17.4% | 8.1% | 3.2× | 2,848 |
| VEON | $126.9B | — | — | — | — | — | — | — | — | — | 97 |
| DASH | $82.4B | 90.6× | 53.1× | 6.0× | 27.9% | — | 6.8% | 9.3% | 9.3% | — | 973 |
| WBD | $68.9B | 95.9× | 15.1× | 1.9× | -5.1% | — | 1.9% | 2.0% | 1.1% | 5.1× | 1,259 |
| EA | $52.6B | 59.7× | 36.1× | 7.0× | 0.9% | 79.0% | 11.8% | 13.1% | 13.1% | — | 998 |
| LYV | $39.3B | — | 24.9× | 1.6× | 8.8% | — | 2.0% | 183% | 5.9% | 5.0× | 779 |
| TTWO | $38.1B | — | 414.2× | 5.7× | 18.2% | 57.2% | -4.5% | -8.5% | -4.9% | 26.7× | 1,011 |
| TWLO | $37.2B | 1161.1× | 106.1× | 7.3× | 13.7% | 48.9% | 0.7% | 0.4% | 0.4% | 2.8× | 776 |
| RDDT | $28.1B | 57.6× | 59.3× | 12.8× | 69.4% | 91.2% | 24.1% | 18.1% | 18.1% | — | 765 |
| FOX | $26.6B | 11.8× | — | 1.6× | 16.6% | — | 14.1% | 19.2% | 12.4% | — | 505 |
| OMC | $24.0B | — | 56.5× | 1.4× | 10.1% | 8.5% | -0.3% | -0.5% | -0.3% | 15.8× | 1,083 |
| ROKU | $22.7B | 260.4× | 528.5× | 4.8× | 15.2% | 43.8% | 1.9% | 3.3% | 3.3% | — | 665 |
| FWONA | $21.5B | — | 39.4× | 4.8× | 22.7% | — | 12.4% | 7.2% | 4.3% | 7.9× | 283 |
| NWS | $18.6B | 15.8× | — | 2.2× | 2.4% | — | 14.0% | 13.4% | 11.0% | — | 304 |
| CHTR | $17.3B | 3.5× | 5.3× | 0.3× | -0.6% | — | 9.1% | 31.1% | 4.5% | 4.5× | 760 |
| TKO | $15.3B | 83.7× | 13.8× | 3.2× | -3.1% | — | 4.1% | 5.2% | 2.6% | 2.9× | 616 |
| CDLX | $204M | — | — | 0.9× | -16.2% | — | -44.4% | 1590% | -51.1% | -2.7× | 61 |
Peers = companies sharing CDLX's sector (Communication Services) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.