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Financials · FLNT

Fluent Inc. (FLNT) financials

For the twelve months ended Jun 30, 2026, Fluent Inc. reported $202.15M of revenue and -$23.21M of net income.

Revenue, TTM
$202.15M
Revenue growth, YoY
-12.0%
Net income, TTM
-$23.21M
Net margin
-11.5%
Free cash flow, TTM
-$4.32M
Cash
$6.88M
Total debt
$31.91M
P/S
0.60
Market cap
$121.4M
Annual revenue$208.76M
FY2016FY2025
Annual net income-$27.17M
FY2016FY2025
Annual free cash flow-$1.54M
FY2016FY2025

FLNT revenue and earnings growth

FLNT revenueQ2 2026$48.45M

Quarter YoY
+8.4%
QoQ
+8.0%
FY YoY
-18.0%
5Y CAGR
-7.6%
10Y CAGR
+30.9%

FLNT revenue was $48.45M in fiscal Q2 2026 (ended Jun 30, 2026), up 8.4% from a year earlier and up 8.0% from the prior quarter. For the full fiscal 2025 it was $208.76M, down 18.0% from fiscal 2024. Compound annual growth was -7.6% over 5 years and +30.9% over 10 years. It rose in 7 of the last 10 fiscal years.

FLNT net incomeQ2 2026-$6.18M

FLNT net income was -$6.18M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$7.22M a year earlier. For the full fiscal 2025 it was -$27.17M, compared with -$29.28M in fiscal 2024.

FLNT EPSQ2 2026-$0.20

FLNT diluted EPS was -$0.20 in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$0.30 a year earlier. For the full fiscal 2025 it was -$1.05.

FLNT free cash flowQ2 2026-$4.82M

FLNT free cash flow was -$4.82M in fiscal Q2 2026 (ended Jun 30, 2026), compared with $904.0K a year earlier. For the full fiscal 2025 it was -$1.54M, compared with -$14.12M in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$208.76M$254.62M$298.40M$361.13M$329.25M$310.72M$281.68M$250.28M$211.69M$186.84M
Gross profit---------$53.04M
Research and development$11.84M$17.28M$18.45M$18.16M$15.79M$12.60M$8.05M$5.28M$2.58M-
Selling, general and admin$34.70M$37.70M$35.33M$53.47M$48.20M$46.80M$48.06M$36.01M$55.09M$54.09M
Operating income-$20.32M-$23.66M-$60.13M-$119.59M-$4.67M$8.38M$5.22M$11.37M-$21.02M-$34.04M
Interest expense$3.07M$4.75M$3.20M$1.97M$2.18M$5.35M$6.89M$8.13M$9.68M$7.59M
Pre-tax income-$27.17M-$31.09M-$63.33M-$121.56M-$9.81M$3.03M-$1.67M$3.24M-$31.71M-$43.13M
Income tax-$2.0K-$1.81M-$116.0K$1.78M$246.0K$822.0K$74.0K$46.0K$0-$14.04M
Net income-$27.17M-$29.28M-$63.22M-$123.33M-$10.06M$2.21M-$1.75M-$17.93M-$53.21M-$29.09M
EPS, basic-$1.05-$1.80-$4.59-$9.06-$0.78$0.18-$0.12-$1.38-$5.22-$3.90
EPS, diluted-$1.05-$1.80-$4.59-$9.06-$0.78$0.18-$0.12-$1.38-$5.22-$3.90
Diluted shares26.0M16.3M13.8M13.6M13.3M13.3M13.2M12.8M10.2M7.4M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$12.94M$9.44M$15.80M$25.55M$34.47M$21.09M$18.68M$19.25M$16.56M$9.86M
Receivables$28.50M$26.13M$33.19M$63.16M$70.23M$62.67M$60.91M$48.65M$36.28M$30.96M
Current assets$67.47M$65.95M$78.41M$92.22M$107.20M$86.19M$81.52M$68.39M$56.98M$43.10M
Goodwill$0$0$1.26M$55.11M$165.09M$165.09M$165.91M$159.79M$159.79M$166.26M
Total assets$89.13M$93.62M$93.62M$183.97M$318.18M$310.22M$317.09M$293.27M$317.00M$311.91M
Current liabilities$65.03M$64.68M$49.21M$50.22M$57.94M$50.22M$52.23M$33.37M$32.78M$26.16M
Short-term debt$30.85M$31.61M$5.00M$5.00M$5.00M$7.29M$6.87M$3.50M$2.75M$4.13M
Long-term debt$3.73M$3.97M$25.49M$35.59M$40.33M$33.28M$44.10M$51.97M$60.21M$45.88M
Total debt$34.58M$35.58M$30.49M$40.59M$45.33M$40.58M$50.97M$55.47M$62.96M$50.01M
Total liabilities$70.92M$68.66M$77.46M$90.01M$104.77M$93.33M$106.16M$86.10M$92.99M$82.26M
Shareholders' equity$18.21M$24.95M$34.40M$93.95M$213.41M$216.88M$210.94M$207.17M$224.01M$229.65M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow-$1.47M-$14.10M$8.14M$1.96M$12.42M$20.30M$26.02M$23.48M$2.51M$2.10M
Capital expenditures$69.0K$13.0K$25.0K$17.0K$36.0K$64.0K$2.09M$238.0K$732.0K$762.0K
Free cash flow-$1.54M-$14.12M$8.11M$1.95M$12.39M$20.23M$23.93M$23.25M$1.78M$1.34M
Investing cash flow-$6.37M-$6.21M-$7.11M-$5.44M-$2.99M-$4.27M-$11.96M-$22.59M-$8.13M-$12.03M
Financing cash flow$10.79M$15.21M-$10.77M-$5.45M$2.47M-$13.62M-$13.15M$1.79M$12.31M$6.55M
Share repurchases----$0$1.30M$1.79M$9.0K$0-
Stock-based compensation$2.25M$1.97M$3.76M$4.09M$4.76M$5.39M$10.34M$14.68M$31.13M$29.25M
Depreciation and amortization$9.75M$9.93M$10.88M$13.21M$13.17M$15.30M$13.94M$13.17M$13.05M$12.63M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY-18.0%-14.7%-17.4%9.7%6.0%10.3%12.5%18.2%13.3%1225.9%
Gross margin---------28.4%
Operating margin-9.7%-9.3%-20.2%-33.1%-1.4%2.7%1.9%4.5%-9.9%-18.2%
Net margin-13.0%-11.5%-21.2%-34.2%-3.1%0.7%-0.6%-7.2%-25.1%-15.6%
Free cash flow margin-0.7%-5.5%2.7%0.5%3.8%6.5%8.5%9.3%0.8%0.7%
Return on equity-149.2%-117.3%-183.8%-131.3%-4.7%1.0%-0.8%-8.7%-23.8%-12.7%
Return on assets-30.5%-31.3%-67.5%-67.0%-3.2%0.7%-0.6%-6.1%-16.8%-9.3%
Current ratio1.041.021.591.841.851.721.562.051.741.65
Debt to equity1.901.430.890.430.210.190.240.270.280.22

Source: XBRL data Fluent Inc. files with the SEC, latest filing dated Aug 13, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures and share counts are restated for stock splits the filings show: 1-for-6, first reported May 15, 2024.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

FLNT peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
FLNT$202.15M-12.0%-$23.21M-11.5%$121.4M
OMC$24.76B+54.1%$704.90M2.8%$23.57B
WPP£13.55B-8.1%-£215.00M-1.6%$5.88B
STGW$3.11B+7.7%$9.69M0.3%$2.89B
IBTA$357.74M+1.6%-$16.06M-4.5%$1.36B
CRTO$1.81B-7.5%$77.95M4.3%$758.9M
GRPN$497.41M+2.0%-$125.66M-25.3%$629.7M
MNTN$313.33M+20.6%$56.40M18.0%$398.7M
ANGI$968.94M-8.4%-$231.08M-23.8%$283.5M

FLNT FAQ

7 questions
  • What is FLNT revenue?
    Fluent Inc. (FLNT) reported $202.15M of revenue for the twelve months ended Jun 30, 2026. That is down 12.0% from the year before. Revenue for fiscal 2025 was $208.76M.
  • Is FLNT profitable?
    No. Fluent Inc. reported a net loss of $23.21M for the twelve months ended Jun 30, 2026.
  • How much cash and debt does FLNT have?
    Fluent Inc. reported $6.88M in cash and cash equivalents and $31.91M of debt on its most recent balance sheet in SEC filings.
  • How fast is FLNT revenue growing?
    Fluent Inc.'s revenue changed -18.0% in fiscal 2025, to $208.76M. Its compound annual growth rate was -7.6% over 5 years and +30.9% over 10 years.
  • What is FLNT free cash flow?
    Fluent Inc. generated -$4.32M of free cash flow for the twelve months ended Jun 30, 2026, which is operating cash flow of -$4.20M less capital expenditures.
  • When did FLNT last report financial results?
    The latest statements here come from Fluent Inc.'s 10-Q filed on Aug 13, 2026, covering the period ended Jun 30, 2026.
  • Where does this FLNT financial data come from?
    Quantisnow builds these statements from the structured XBRL data Fluent Inc. files with the SEC. It is provided for information only and is not investment advice.