Fluent, Inc. (FLNT)
Nasdaq · Services-Advertising · Services · CIK 1460329 · fiscal year ends in Dec
Closing price $3.46 on 30 Oct 2026; 52-week range $1.72 to $4.27.
Key figures
The last twelve months reported, with the latest price and balance sheet.
- Revenue, last twelve months
- $202.1M
- Revenue growth
- -12.0%
- Net income, last twelve months
- -$23.2M
- Earnings per share
- -$0.77
- Gross margin
- 26.5%
- Operating margin
- -7.4%
- Net margin
- -11.5%
- Free cash flow
- -$4.3M
- Return on equity
- -286.4%
- Market value
- $109.5M
- Cash
- $6.9M
- Debt
- $31.9M
- Debt to equity
- 3.94
- Shares outstanding
- 31.6M
Financial statements
Revenue, profit and cash flow by fiscal year, each year linked to its annual report.
| Fiscal year | Year end | Revenue | Operating income | Net income | EPS | Free cash flow | Filing |
|---|---|---|---|---|---|---|---|
| FY2025 | 31 Dec 2025 | $208.8M | -$20.3M | -$27.2M | -$1.05 | -$1.5M | 10-K filed 31 Mar 2026 |
| FY2024 | 31 Dec 2024 | $254.6M | -$23.7M | -$29.3M | -$1.80 | -$14.1M | 10-K filed 31 Mar 2025 |
| FY2023 | 31 Dec 2023 | $298.4M | -$60.1M | -$63.2M | -$4.62 | $8.1M | 10-K filed 2 Apr 2024 |
| FY2022 | 31 Dec 2022 | $361.1M | -$119.6M | -$123.3M | -$9.06 | $1.9M | 10-K filed 15 Mar 2023 |
| FY2021 | 31 Dec 2021 | $329.3M | -$4.7M | -$10.1M | -$0.78 | $12.4M | 10-K filed 9 Mar 2022 |
By quarter
| Quarter | Quarter end | Revenue | Net income | EPS |
|---|---|---|---|---|
| Q2 FY2026 | 30 Jun 2026 | $48.4M | -$6.2M | -$0.20 |
| Q1 FY2026 | 31 Mar 2026 | $44.9M | -$5.4M | -$0.17 |
| Q4 FY2025 | 31 Dec 2025 | $61.8M | -$4.1M | -$0.13 |
| Q3 FY2025 | 30 Sep 2025 | $47.0M | -$7.6M | -$0.27 |
| Q2 FY2025 | 30 Jun 2025 | $44.7M | -$7.2M | -$0.30 |
| Q1 FY2025 | 31 Mar 2025 | $55.2M | -$8.3M | -$0.39 |
| Q4 FY2024 | 31 Dec 2024 | $65.4M | -$3.4M | -$0.19 |
| Q3 FY2024 | 30 Sep 2024 | $64.5M | -$7.9M | -$0.48 |
Revenue by segment
As the company reports it in the segment note of its annual report.
By product, FY2025
| Segment | Revenue | Share |
|---|---|---|
| Owned and Operated | $94.5M | 45.3% |
| Commerce Media Solutions | $82.3M | 39.4% |
| Call Solutions | $24.8M | 11.9% |
| AdParlor | $7.2M | 3.4% |
| Product and Service, Other | $47.0K | 0.0% |
Company events
The newest 8-K filings of 174 held.
| Filed | Form | Event | Items |
|---|---|---|---|
| 5 Oct 2026 | 8-K | Material agreement, New debt | 1.01, 2.03 |
| 10 Aug 2026 | 8-K | Results | 2.02, 9.01 |
| 22 Jun 2026 | 8-K | Investor update | 7.01 |
| 18 Jun 2026 | 8-K | Shareholder vote | 5.07 |
| 13 May 2026 | 8-K | Results | 2.02, 9.01 |
| 9 Mar 2026 | 8-K | Results | 2.02, 9.01 |
| 5 Feb 2026 | 8-K | Material agreement | 1.01, 9.01 |
| 31 Dec 2025 | 8-K | Material agreement | 1.01, 9.01 |
| 2 Dec 2025 | 8-K | Material agreement, Agreement ended, New debt | 1.01, 1.02, 2.03, 9.01 |
| 13 Nov 2025 | 8-K | Results | 2.02, 9.01 |
| 24 Sep 2025 | 8-K | Leadership change | 5.02, 9.01 |
| 19 Aug 2025 | 8-K | Results | 2.02, 9.01 |
Every filing
The newest filings with the SEC of 447 held.
| Filed | Form | Period |
|---|---|---|
| 5 Oct 2026 | 8-K | 30 Sep 2026 |
| 1 Sep 2026 | S-8 | – |
| 13 Aug 2026 | 10-Q | 30 Jun 2026 |
| 10 Aug 2026 | 8-K | 10 Aug 2026 |
| 22 Jun 2026 | 8-K | 22 Jun 2026 |
| 18 Jun 2026 | 8-K | 17 Jun 2026 |
| 13 May 2026 | 10-Q | 31 Mar 2026 |
| 13 May 2026 | 8-K | 13 May 2026 |
| 7 May 2026 | DEF 14A | 31 Dec 2025 |
| 7 May 2026 | ARS | 31 Dec 2025 |
| 6 May 2026 | DEF 14A | 17 Jun 2026 |
| 30 Apr 2026 | 10-K/A | 31 Dec 2025 |
Insider trades
Form 4 trades by officers, directors and 10% owners, last 12 months.
| Traded | Insider | Type | Shares | Price | Value | Held after | Form 4 |
|---|---|---|---|---|---|---|---|
| 14 Sep 2026 | Global Value Investment Corp., 10% owner | Purchase | 12,376 | $3.38 | $41.8K | 3,229,627 | 16 Sep 2026 |
| 14 Sep 2026 | Geygan James, Director | Purchase | 12,376 | $3.38 | $41.8K | 3,137,960 | 16 Sep 2026 |
| 1 Sep 2026 | Global Value Investment Corp., 10% owner | Sale outside a trading plan | 148 | $3.23 | $478 | 3,217,251 | 16 Sep 2026 |
| 1 Sep 2026 | Geygan James, Director | Sale outside a trading plan | 148 | $3.23 | $478 | 3,125,584 | 16 Sep 2026 |
| 28 Aug 2026 | Global Value Investment Corp., 10% owner | Sale outside a trading plan | 665 | $3.58 | $2.4K | 3,217,399 | 16 Sep 2026 |
| 28 Aug 2026 | Geygan James, Director | Sale outside a trading plan | 665 | $3.58 | $2.4K | 3,125,732 | 16 Sep 2026 |
| 25 Aug 2026 | Global Value Investment Corp., 10% owner | Sale outside a trading plan | 2 | $4.15 | $8 | 3,218,064 | 16 Sep 2026 |
| 25 Aug 2026 | Geygan James, Director | Sale outside a trading plan | 2 | $4.15 | $8 | 3,126,397 | 16 Sep 2026 |
| 17 Aug 2026 | Global Value Investment Corp., 10% owner | Sale outside a trading plan | 500 | $4.05 | $2.0K | 3,218,066 | 16 Sep 2026 |
| 17 Aug 2026 | Geygan James, Director | Sale outside a trading plan | 500 | $4.05 | $2.0K | 3,126,399 | 16 Sep 2026 |
| 14 Aug 2026 | Global Value Investment Corp., 10% owner | Sale outside a trading plan | 600 | $4.15 | $2.5K | 3,218,566 | 16 Sep 2026 |
| 14 Aug 2026 | Geygan James, Director | Sale outside a trading plan | 600 | $4.15 | $2.5K | 3,126,899 | 16 Sep 2026 |
Planned insider sales
Form 144 notices, filed when the sell order goes to the broker.
| Filed | Seller | Shares | Value | Planned sale |
|---|---|---|---|---|
| 10 Sep 2026 | Graff David Allen (FLNT), Director | 25,000 | $75.0K | 10 Sep 2026 |
Large holders
Schedule 13D and 13G filings by holders of more than 5% of the voting shares.
| Filed | Holder | Schedule | Stake | Shares |
|---|---|---|---|---|
| 13 Aug 2026 | Bleichroeder LP | 13G amended | 8.23% | 2.6M |
| 9 Feb 2026 | JB Capital Partners, L.P. | 13G amended | 7.2% | 2.2M |
| 28 Jan 2026 | Phillip Frost, M.D. | 13D amended | 24.7% | 7.9M |
| 14 Nov 2025 | Bleichroeder LP | 13G | 9.55% | 2.9M |
| 12 Nov 2025 | Tieton Capital Management, LLC | 13G amended | 4.5% | 1.1M |
Short interest
Shares sold short and not yet bought back, on each FINRA settlement date.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 15 Oct 2026 | 45.3K | -22.49% | 1.25 |
| 30 Sep 2026 | 58.5K | +37.86% | 1.73 |
| 15 Sep 2026 | 42.4K | -29.48% | 1 |
| 31 Aug 2026 | 60.2K | -31.99% | 1.71 |
| 14 Aug 2026 | 88.5K | -10.49% | 2.27 |
| 31 Jul 2026 | 98.9K | +6.58% | 7.33 |
| 15 Jul 2026 | 92.7K | +11.76% | 3.37 |
| 30 Jun 2026 | 83.0K | -58.54% | 1.5 |
Funds that hold it
From each fund's latest Form 13F.
33 funds held it at 30 Jun 2026: 11 added and 7 trimmed in the quarter. The largest:
| Fund | Shares | Value | Change in the quarter |
|---|---|---|---|
| Tieton Capital Management, LLC | 1,176,147 | $4.4M | +3,055 |
| Bleichroeder LP | 1,142,857 | $4.3M | -285,714 |
| Vanguard Capital Management LLC | 519,909 | $1.9M | +152,292 |
| Mink Brook Asset Management LLC | 409,033 | $1.5M | +70,049 |
| Sei Investments Co. | 254,055 | $947.6K | -254,055 |
| BlackRock, Inc. | 174,892 | $652.3K | +12,431 |
| Geode Capital Management, LLC | 173,637 | $648.0K | -7,347 |
| Vanguard Fiduciary Trust Co. | 95,040 | $354.5K | +647 |
| State Street Corp. | 69,350 | $258.7K | 0 |
| Bleakley Financial Group, LLC | 66,955 | $249.7K | +66,955 |
Peers
Companies in the same industry.
- Ibotta, Inc. (IBTA): revenue $343.2M, market value $1.1B
- Angi Inc. (ANGI): revenue $992.6M, market value $242.9M
- National CineMedia, Inc. (NCMI): revenue $248.9M, market value $150.4M