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Fluent, Inc.

FLNT

Fluent, Inc. is a commerce media solutions provider that specializes in performance-based customer acquisition and digital marketing.

Market cap
$109.13M+146%
Revenue$198.4M-18.6%
Net income-$24.3M+22.4%
Free cash flow$750.0K-94.8%
EPS (diluted)-$0.85+49.1%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 18, 2026 (in a month)
Revenue estimate$44.6M
EPS estimate-$0.15

Financials

Q1 2026

Income statement

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Revenue$44.9M-18.8%
Gross profit$10.0M-12.2%
Operating income-$3.9M+44.8%
Net income-$5.4M+35.3%
EPS (diluted)-$0.17+56.4%

Balance sheet

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Cash & equivalents$10.3M+113%
Total debt$26.3M+14.0%
Total equity$13.3M-39.7%
Total assets$72.3M-6.7%

Cash flow

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Operating cash flow$5.1M+142%
CapEx$57.0K
Free cash flow$5.1M+139%

Valuation & ratios

Valuation

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Market cap$109.13M+146%
Enterprise value$125.17M+111%
P/S0.6×+0.4×

Profitability

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Gross margin25.1%+3.1pp
Operating margin-8.7%-1.5pp
Net margin-12.2%-0.5pp

Returns & leverage

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Return on equity-137.3%+17.9pp
Debt / equity+0.9×
Current ratio0.9×0.0×

Segments

By product

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Commerce Media Solutions$25.9M+104%
Owned And Operated$15.7M-49.3%
Ad Parlor$2.0M+45.1%
Call Solutions$1.2M-88.0%

By geography

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US$25.9M-27.9%
Non Us$16.9M-5.4%

By segment

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Fluent$42.8M-20.4%

Competitors

Profile

Fluent, Inc. is a commerce media solutions provider that specializes in performance-based customer acquisition and digital marketing. The company leverages a proprietary database of first-party, self-declared consumer data and machine learning to connect brands with high-intent consumers at critical transaction moments. Its core value proposition lies in delivering measurable return on advertising spend (ROAS) through targeted ad serving and direct marketing technologies.

Competitive position

Fluent differentiates itself through a massive proprietary database of self-reported (rather than inferred) first-party data and exclusive long-term partnerships with e-commerce retailers.

GeographiesUnited States, United Kingdom, Canada, Australia
Customer segmentsMedia & Entertainment, Financial Products & Services, Health & Life Sciences, Retail & Consumer, Staffing & Recruitment
Business modelPerformance-based advertising, Cost-per-action (CPA), Data monetization, Managed services
SuppliersDigital media inventory providers, Cloud infrastructure providers, Third-party data providers
CustomersDirect-to-consumer brands, Advertising agencies, Retailers, Performance marketers
Listed2007
Employees277.0
CEODonald Huntley Patrick
FilingsSEC EDGAR

Questions, answered.

What is Fluent, Inc.'s market cap?
Fluent, Inc. (FLNT) has a market capitalization of $109.1M and trades on NASDAQ.
What is Fluent, Inc.'s revenue and profitability?
Fluent, Inc. generated $198.4M in trailing twelve-month revenue with a net loss of $24.3M, representing a net margin of -12.2%. Gross margin stands at 25.1%, with free cash flow of $750.0K. These figures are based on the Q1 2026 filing.
Who are Fluent, Inc.'s competitors?
Fluent, Inc.'s key competitors include The Trade Desk, Criteo, Teads Holding Co. Common Stock, and others. These companies compete in similar markets and product categories.
Who does Fluent, Inc. partner with?
Fluent, Inc.'s notable partners include Authentic Brands Group, Rebuy, Vivid Seats, and others.
What subsidiaries does Fluent, Inc. have?
Fluent, Inc.'s subsidiaries include AdParlor, LLC, Winopoly, LLC.
Where is Fluent, Inc. headquartered?
Fluent, Inc. is headquartered in United States of America and employs approximately 277 people. It has been publicly traded since 2007.