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Fluent(NASDAQ) FLNT

Market Cap$103.76MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2015)-90%
5 Year-77%
1 Year+56%
1 Month-7%
$3.50
-1.69%
-0.06Today
Fluent last closing stock price
MetricPriceDate
Last closeUSD 3.482026-07-30
Fluent stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week+2.05%USD 3.412026-07-23
1 month-6.7%USD 3.732026-06-30
3 month+10.13%USD 3.162026-05-01
Year to date+45%USD 2.402025-12-31
1 year+55.8%USD 2.232025-07-30
3 year-10.77%USD 3.902023-07-31
5 year-76.71%USD 14.942021-07-30
Since inception-90.18%USD 36.272015-03-23

Fluent Financials at a Glance

Market Cap

$103.76MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$198.41M

Net Income (TTM)

-$24.25M

EPS (TTM)

-$0.87

P/E Ratio

-3.99

Dividend

$0.00

Beta (Volatility)

0.97 (Low)

Price

$3.50

Volume

9,460

Open

$3.38

Previous Close

$3.48

Daily Range

$3.38 - $3.62

52-Week Range

$1.70 - $4.15

Estimated Earnings Date

Aug 14, 2026

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About Fluent

Fluent helps brands find new customers online using data-driven ads. Its technology connects companies with people interested in their products. For example, a bank can reach users looking for credit cards through Fluent’s digital campaigns.

Products and Services

  • Owned & Operated Sites (45.3% of 2025 revenue): Company-run websites offering rewards and promotions to attract consumers.
  • Commerce Media Solutions (39.4%): Embedded ads on partner sites and apps, targeting users during online shopping or browsing.
  • Consumer Data Services: Provides brands with user data for direct marketing by email, phone, or text.
  • Programmatic Data Offerings: Sells audience data for automated, targeted advertising across digital platforms.
  • Other Streams (15.3%): Includes legacy call-based campaigns and social media marketing services.

Growth and Expansion

  • Shifted focus to Commerce Media Solutions in 2024, doubling its revenue share by 2025.
  • Divested Call Solutions business in January 2026 to improve cash flow and focus on core segments.
  • Expanded international sales, with approximately 35.7% of 2025 revenue from outside the U.S.
  • Raised capital through equity and warrant offerings in 2024 and 2025 to support operations.
  • Invested in cloud-native technology and new creative ad formats during 2025.

What Makes Fluent Stand Out

Fluent uses its own technology to deliver targeted ads based on real-time user data. Exclusive partnerships with media sites help reduce advertising risks. The company’s privacy-focused approach addresses changing data regulations.

Five Things You Need to Know

  • 2025 revenue was $208.8 million, down 18% from 2024.
  • Commerce Media Solutions grew to 39% of revenue in 2025, up from 16% in 2024.
  • Q4 2025 net income was $937,000, up from a $5 million loss in Q4 2024.
  • Q4 2025 cash flow from operations was $3 million, up 230% year-over-year.
  • Gaming advertisers made up 38% of 2025 revenue, showing industry concentration risk.

Bottom Line

Fluent has shifted its business toward embedded advertising and data-driven solutions. The company continues to adapt through divestitures, technology upgrades, and a focus on compliance.

AI Generated • Apr 16, 2026

Industry

Media

Employees

186

CEO

Donald Huntley Patrick, MBA

Headquarters

New York City, NY 10282, US

FLNT Financials

Key Financial Metrics (TTM)

Gross Margin

23.10%

Operating Margin

-9.41%

Net Income Margin

-12.22%

Return on Equity

-134.35%

Return on Capital

-34.98%

Return on Assets

-33.56%

Earnings Yield

-25.06%

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

$103.76MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

29.82M

Volume

9.46K

Avg. Volume

93.18K

Financials (TTM)

Gross Profit

$45.83M

Operating Income

-$18.67M

EBITDA

-$12.71M

Operating Cash Flow

$1.53M

Capital Expenditure

-$3.35M

Free Cash Flow

-$1.82M

Cash & ST Invst.

$10.30M

Total Debt

$30.92M

Fluent Performance Analysis

Fluent annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 361,134,0009.7%
20232023-12-31USD 298,399,000-17.4%
20242024-12-31USD 254,623,000-14.7%
20252025-12-31USD 208,764,000-18.0%
Fluent sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-30-19.0%
Q32025-09-305.2%
Q42025-12-3131.4%
Q12026-03-31-27.4%
Fluent annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD -9.091104.5%
20232023-12-31USD -4.59-49.5%
20242024-12-31USD -1.80-60.8%
20252025-12-31USD -1.05-41.9%
Fluent sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-3023.1%
Q32025-09-3010.0%
Q42025-12-3151.9%
Q12026-03-31-30.8%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2026YOY CHG

Revenue

$44.85M

-18.8%

Gross Profit

$8.36M

-26.9%

Gross Margin

18.63%

N/A

Market Cap

$103.76MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$557.84K

N/A

Employees

186

N/A

Net Income

-$5.35M

+35.3%

EBITDA

-$3.07M

+34.7%

Quarterly Fundamentals

Name
Q1 2026YOY CHG

Total Cash

$10.30M

+113.3%

Total Debt

$30.92M

+14.9%

Accounts Receivable

$31.77M

-14.2%

Inventory

$0.00

N/A

Long Term Debt

$6.36M

+67.2%

Short Term Debt

$24.56M

+6.3%

Return on Assets

-33.56%

N/A

Return on Invested Capital

-93.06%

N/A

Free Cash Flow

$5.06M

+832.7%

Operating Cash Flow

$5.11M

+142.0%

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Questions About FLNT

What is the current price of Fluent?

Fluent is trading at $3.48 per share.

What is the 52-week range for Fluent?

Over the past 52 weeks, Fluent has traded between $1.70 and $4.15.

How much debt does Fluent have?

As of the most recent reporting period, Fluent reported total debt of $30.92M.

How much cash does Fluent have on hand?

Fluent reported $10.30M in cash and cash equivalents in its most recent financial results.

What is Fluent’s dividend yield?

Fluent does not currently have a dividend yield.

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