Skip to content
MARKETS / NASDAQ / FLNT
NASDAQ · SERVICES-ADVERTISING · SMALL CAP

Fluent, Inc. FLNT

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$208.8M
▼ 18.0% YoY
$-27.2M
$-1.5M
In brief

What this company does

Fluent, Inc. is a commerce media solutions provider that connects brands with consumers. It primarily performs customer acquisition services by operating digital marketing campaigns that connect its advertiser clients with targeted consumers. It reaches these consumers through its Commerce Media Solutions marketplace, which delivers targeted advertising within e-commerce and digital media transaction flows on partner sites and mobile apps, and through its owned and operated digital media properties, known as O&O Sites. In 2025, the company delivered data and performance-based customer acquisition services for approximately 400 consumer brands, direct marketers and agencies across industries including Media & Entertainment, Financial Products & Services, Health & Life Sciences, Retail & Consumer, and Staffing & Recruitment. As of December 31, 2025, the company had 186 employees, of which 185 were full-time employees. Through AdParlor, LLC, a wholly owned subsidiary, the company operates a non-core business that offers advertiser clients managed creator marketing and media buying services across social media platforms.

Written from the business description in Fluent, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 31 March 2026. Every sentence was checked against that document before publication.

Growth
USD 208.8M
Revenue, FY2025 · full 17-year series below
Revenue $M Net income $M
FY2025 · Revenue 208.8 · Net income -27.2
200M-50M-100M200920112013201520172019202120232025
Compound annual growth
−16.7%
−7.6%
+30.9%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −7.6% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−13 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -9.7% · Net -13.0%
-200%-400%200920112013201520172019202120232025
ROE
FY2025 · ROE -125.9%
-50%-100%-150%200920112013201520172019202120232025

Each USD of equity lost 126 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -1.5
8M16M-5M-10M200920112013201520172019202120232025
Net buybacks $M Dividends $M
FY2021 · Dividends — · Net buybacks -0.1
0.8M1.6M-5.0M-10.0M20172018201920202021

Total assetsUSD 89.1M
EquityUSD 18.2M
CashUSD 12.9M
Gross debtUSD 34.6M
Net debtUSD 21.6M
Current ratio1.04×

Net debt stands at 119% of equity.

The 17-year record
17 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B0.20.30.30.40.30.30.30.30.20.20.00.00.0····
Operating income $B−0.0−0.0−0.1−0.1−0.00.00.00.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0
EBITDA $B−0.0−0.0−0.0−0.10.00.00.00.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0
Income tax $B−0.0−0.0−0.00.00.00.00.00.00.0−0.0−0.0−0.0−0.0·0.00.00.0
Net income $B−0.0−0.0−0.1−0.1−0.00.0−0.0−0.0−0.1−0.0−0.1−0.0−0.00.0−0.0−0.0−0.0
Free cash flow $B−0.0−0.00.00.00.00.00.00.00.00.0−0.0−0.0−0.0−0.0−0.00.0−0.0
EPS, diluted $−1.05−1.80−4.59−1.51−0.130.03−0.02−0.23−0.87−0.65−6.48−0.14−0.130.38−0.64−2.24−4.44
Dividend / sh $·················
Payout %·················
ROE %−125.9−98.6−98.5−80.3−4.71.0−0.8−8.3−23.5−13.4−77.6−5.4−46.2··−190.9−46.8
Shares out B0.030.020.010.080.080.080.080.080.060.050.020.010.010.030.020.02·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 67 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 20 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityServices-Advertising
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2009

Share this section

Download image