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NASDAQ · Consumer discretionary

Fluent, Inc. (FLNT)

Fluent, Inc. brought in $202.1M of revenue over the twelve months to June 30, 2026, down 12.0% from a year earlier. It posted a net loss of $23.2M. In fiscal 2025 capital spending exceeded operating cash flow by $1.5M. At June 30, 2026 it held $6.9M in cash against $31.9M of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on August 13, 2026.

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Price
$3.72
+1.36% on the day · November 10, 2026
52-week range $1.70 to $4.49
Market cap
$117.6M
Revenue (last 12 months)
$202.1M
-12.0% year on year
Net margin
-11.5%

Key facts about Fluent, Inc.

Net worth
Fluent, Inc. has a market value (market cap) of $117.6M at the latest share price, and shareholders' equity of $8.1M on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Revenue and profit
In fiscal 2025 revenue was $208.8M (-18.0% year on year), with a net loss of $27.2M. Over the 12 months to June 30, 2026: revenue $202.1M, net loss $23.2M.
Cash flow
In fiscal 2025 operations used $1.5M of cash.
Latest report
The latest periodic report (quarterly report, 10-Q) was filed with the SEC on August 13, 2026 and covers the period to June 30, 2026. Open on SEC EDGAR
Next earnings report
Fluent, Inc.'s next report is expected around November 12, 2026. That is an estimate from its filing rhythm, not a date the company has announced.

What Fluent, Inc. does

Fluent, Inc. is registered with the SEC under industry code SIC 7310 (Services-Advertising). Its shares trade on NASDAQ under the ticker FLNT.

Revenue and profit by year

Revenue
FY18: $250.3M $250.3M FY18FY19: $281.7M $281.7M FY19FY20: $310.7M $310.7M FY20FY21: $329.3M $329.3M FY21FY22: $361.1M $361.1M FY22FY23: $298.4M $298.4M FY23FY24: $254.6M $254.6M FY24FY25: $208.8M $208.8M FY25
Net income
FY18: -$17.9M -$17.9M FY18FY19: -$1.7M -$1.7M FY19FY20: $2.2M $2.2M FY20FY21: -$10.1M -$10.1M FY21FY22: -$123.3M -$123.3M FY22FY23: -$63.2M -$63.2M FY23FY24: -$29.3M -$29.3M FY24FY25: -$27.2M -$27.2M FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025$208.8M-$20.3M-$27.2M-$1.05-$1.5M
2024$254.6M-$23.7M-$29.3M-$1.80-$14.1M
2023$298.4M-$60.1M-$63.2M-$4.59$8.1M
2022$361.1M-$119.6M-$123.3M-$9.00$1.9M
2021$329.3M-$4.7M-$10.1M-$0.77$12.4M
2020$310.7M$8.4M$2.2M$0.18$20.2M

Earnings: every quarter and the next report date

Full financial statements: income, balance sheet and cash flow

Next report expected around November 12, 2026.

Estimated from its filing rhythm: 52 weeks after its report of November 13, 2025. Not a date the company has announced. See the report calendar · Earnings, quarter by quarter

Where FLNT ranks in Consumer discretionary

Revenue$208.8M
#695 of 1077 in Consumer discretionary · Bottom 36%
Revenue growth-18.0%
#895 of 952 in Consumer discretionary · Bottom 6%
Net margin-13.0%
#829 of 968 in Consumer discretionary · Bottom 14%
Free cash flow margin-0.7%
#639 of 853 in Consumer discretionary · Bottom 25%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Consumer discretionary

Latest SEC filings

What Fluent, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. October 5, 2026
    Material agreement8-KFluent amended its accounts receivable financing facility to increase its maximum advance capacity from $30 million to $35 million.
  2. September 1, 2026
  3. August 13, 2026
    Quarterly report 10-Q · period to June 30, 2026Revenue rose 8.4% to $48.4M versus the same quarter last year; diluted EPS -$0.20 versus -$0.30.
  4. August 13, 2026
  5. August 10, 2026
  6. June 22, 2026
  7. June 18, 2026
  8. May 13, 2026
    Quarterly report 10-Q · period to March 31, 2026Revenue fell 19% to $44.9M versus the same quarter last year; diluted EPS -$0.17 versus -$0.39.
  9. May 13, 2026
  10. May 7, 2026

Recent insider filings (Forms 3, 4 and 144): 10, the latest on September 16, 2026. Insider transactions on SEC

Insider trades

What the people running Fluent, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.

Insiders bought $92.3K and sold $89.8K worth of shares in the last 90 days.

Bought (open market)
$92.3K
last 90 days
Sold
$89.8K
last 90 days
Net sold
1,255
$2.6K
DateInsiderWhatSharesPriceValueFiling
September 16, 2026 Geygan JamesDirector, 10% owner Other changeindirect 135 - - Form 4
September 16, 2026 Global Value Investment Corp.Director, 10% owner Other changeindirect 135 - - Form 4
September 14, 2026 Geygan JamesDirector, 10% owner Boughtindirect 12,376 $3.38 $41.8K Form 4
September 14, 2026 Global Value Investment Corp.Director, 10% owner Boughtindirect 12,376 $3.38 $41.8K Form 4
September 10, 2026 Graff David AllenDirector Sold 25,000 $3.00 $75K Form 4
September 4, 2026 Schulke RyanChief Strategy Officer, Director, 10% owner Bought 2,823 $3.08 $8.7K Form 4
September 1, 2026 Geygan JamesDirector, 10% owner Soldindirect 148 $3.23 $478 Form 4
September 1, 2026 Global Value Investment Corp.Director, 10% owner Soldindirect 148 $3.23 $478 Form 4

All insider filings on SEC.gov · Where insiders are buying across the market

Who owns FLNT

Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.

5% holders

Anyone who owns more than 5% of a class of shares must say so on Schedule 13D (if they may seek to influence the company) or 13G (a passive holder). The latest filing of each holder is shown: 13G filings of the last 2 years, 13D of the last 3.

HolderOf classSharesFiled
Phillip Frost, M.D.13D, may seek influence with 1 related filers 24.7% 7,874,166 January 28, 2026
Ryan Schulke13D, may seek influence 21.52% 3,684,090 August 23, 2024
Schulke Ryan13D, may seek influence 21.1% 4,934,295 June 20, 2025
Conlin Matthew13D, may seek influence 16.1% 3,797,607 June 20, 2025
Global Value Investment Corporation13D, may seek influence with 5 related filers 14.97% 3,075,788 January 22, 2025
Matthew Conlin13D, may seek influence 13.6% 2,339,713 August 23, 2024
Bleichroeder LP13G, passive with 2 related filers 8.23% 2,571,428 August 13, 2026
JB Capital Partners, L.P.13G, passive with 1 related filers 7.2% 2,169,483 February 9, 2026

Latest filings below 5%: Tieton Capital Management, LLC 4.5% (November 12, 2025).

Largest institutional holders

Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 28 managers reported a position.

HolderSharesValueChange on quarter
JB Capital Partners LP2,169,483$8.1M0
Bleichroeder LP1,142,857$4.3M-285,714
Vanguard Capital Management LLC519,909$1.9M+152,292
Mink Brook Asset Management LLC409,033$1.5M+70,049
Sei Investments Co254,055$947.6K-254,055
BlackRock, Inc.174,892$652.3K+12,431
Geode Capital Management, LLC173,637$648K-7,347
Vanguard Fiduciary Trust Co95,040$354.5K+647
State Street Corp69,350$258.7K0
Bleakley Financial Group, LLC66,955$249.7Knew
Bridgeway Capital Management, LLC53,214$198.5K0
Empowered Funds, LLC53,214$198.5K0
Northern Trust Corp36,950$137.8K+13,488
CacheTech Inc.31,060$115.9K+850
Salvus Wealth Management, LLC30,008$111.9K+10,560
4WEALTH Advisors, Inc.26,917$96.4K+4,680
Bank of America Corp19,704$73.5K-147
Sequoia Financial Advisors, LLC10,190$38K0
Steward Partners Investment Advisory, LLC3,571$13.3K0
Vanguard Global Advisers, LLC2,184$8.1K0

Insiders

Reported holdings of insiders who filed a Form 4 in the last 12 months: the shares each one held after their latest reported transaction. This is not the total held by all insiders.

10 insiders reported holding 15,237,989 shares in total, about $56.7M at the last price.

HolderSharesAs of
Schulke RyanChief Strategy Officer, Director, 10% owner 4,156,617 September 4, 2026
Conlin MatthewChief Customer Officer, Director, 10% owner 3,507,423498,466 held indirectly June 25, 2026
Geygan JamesDirector, 10% owner 3,238,8773,137,825 held indirectly September 16, 2026
Global Value Investment Corp.Director, 10% owner 3,229,4923,229,492 held indirectly September 16, 2026
Patrick Donald HuntleyChief Executive Officer 558,792 June 23, 2026
Mathis Donald HDirector 171,018 June 17, 2026
Shattuck Kohn BarbaraDirector 140,560 June 17, 2026
Pfenniger Richard C JrDirector 120,438 June 17, 2026
Graff David AllenDirector 95,438 September 10, 2026
Perfit Ryan MacNabChief Financial Officer 19,334 May 26, 2026

Schedule 13D/13G filings on SEC.gov

All filings on SEC EDGAR

Questions about FLNT

What does Fluent, Inc. do?

Fluent, Inc. is a company in the Consumer discretionary sector, listed on NASDAQ as FLNT. Its shares trade on NASDAQ under the ticker FLNT.

What is Fluent, Inc.'s net worth?

Fluent, Inc. has a market value (market cap) of $117.6M at the latest share price, and shareholders' equity of $8.1M on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.

Is Fluent, Inc. profitable?

No. Over the twelve months to June 30, 2026 it reported a net loss of $23.2M on revenue of $202.1M.

How much revenue does Fluent, Inc. make?

Over the twelve months to June 30, 2026 Fluent, Inc. reported revenue of $202.1M. That is 12.0% less than a year earlier.

When did Fluent, Inc. last report?

Its most recent periodic report is the quarterly report (10-Q) filed on August 13, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the material agreement from October 5, 2026.

When is Fluent, Inc.'s next earnings report?

Fluent, Inc.'s next report is expected around November 12, 2026. That is an estimate from its filing rhythm, not a date the company has announced.

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Where the numbers come from

Financial figures are the values Fluent, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.