Latest revenue
$44.9M
as of 2026-03-31
Latest net income
$-5.4M
as of 2026-03-31
Net margin
-11.9%
as of 2026-03-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $77.5M
- Enterprise value
- $77.5M
- P/E (trailing)
- —
- Forward P/E
- —
- P/B
- —
- Dividend yield
- 0.0%
- 52-wk high
- $4.15
- 52-wk low
- $1.54
- Beta
- —
- Shares out
- 29.8M
5-year trend
What this company does
Item 1. Business. This business description should be read in conjunction with our audited consolidated financial statements and accompanying notes thereto appearing elsewhere in this Annual Report on Form 10-K for the year ended December 31, 2025 (the "2025 Form 10-K"), which are incorporated herein by this reference. Company Overview Fluent, Inc. ("we," "us," "our," "Fluent," or the "Company") is a commerce media solutions provider connecting top-tier brands with highly engaged consumers. Leveraging diverse ad inventory, robust first-party data, and proprietary machine learning, we unlock additional revenue streams for partners and empower advertisers to acquire their most valuable…
AI summary unavailable — showing raw filing excerpt
Generated from FLNT's filing dated 2026-03-31
Key risks
Item 1A. Risk Factors. An investment in our common stock involves a high degree of risk. You should carefully consider the following risk factors and the other information in this Annual Report on Form 10-K before investing in our common stock. Our business and results of operations could be seriously harmed by any of the following risks. The risks set out below are not the only risks we face. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial also may materially adversely affect our business, financial condition and/or operating results. If any of the following events occur, our business, financial condition and results of operations…
AI summary unavailable — showing raw filing excerpt
Generated from FLNT's filing dated 2026-03-31
Profitability
Operating margin
-9.7%
4.8%Net margin
-13.0%
13.2%Return on equity
-149.2%
27.1%Return on assets
-30.5%
2.5%Leverage
Debt / equity
3.89×
41.5%Long-term debt / equity
0.00×
100.0%Debt / assets
79.6%
8.5%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $44.9M | -18.8% | $-5.4M | +35.3% | -11.9% |
Q4 2025 2025-12-31 | $61.8M | -5.5% | $-4.1M | -20.1% | -6.7% |
Q3 2025 2025-09-30 | $47.0M | -27.1% | $-7.6M | +4.9% | -16.1% |
Q2 2025 2025-06-30 | $44.7M | -23.9% | $-7.2M | +37.9% | -16.2% |
Q1 2025 2025-03-31 | $55.2M | -16.3% | $-8.3M | -31.8% | -15.0% |
Q4 2024 2024-12-31 | $65.4M | — | $-3.4M | — | -5.2% |
Q3 2024 2024-09-30 | $64.5M | -2.6% | $-7.9M | +76.4% | -12.3% |
Q2 2024 2024-06-30 | $58.7M | -28.5% | $-11.6M | -373.5% | -19.8% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Services-Advertising · SIC 7310
Your notes
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Insider activity
Insider buying
$572.7K
Insider selling
$58.6K
Net activity
+$514.1K
Distinct insiders
4
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns FLNT
Institutional value
$5.0M
Total shares held
2.7M
Distinct holders
18
-8 vs prior
As of
2026-03-31
Prior: 2025-12-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | SEI INVESTMENTS CO | 508.1K | $1.6M | +274.5K (+117.5%) | Added |
| 2 | VANGUARD CAPITAL MANAGEMENT LLC | 367.6K | $1.2M | — | New |
| 3 | Mink Brook Asset Management LLC | 339.0K | $1.1M | +53.3K (+18.6%) | Added |
| 4 | BlackRock, Inc. | 162.5K | $513.4K | +8.4K (+5.4%) | Added |
| 5 | VANGUARD FIDUCIARY TRUST CO | 94.4K | $298.3K | — | New |
| 6 | CacheTech Inc. | 30.2K | $95.5K | +0 (+0.0%) | No change |
| 7 | 4WEALTH ADVISORS, INC. | 22.2K | $69.4K | +4.7K (+27.1%) | Added |
| 8 | Salvus Wealth Management, LLC | 19.4K | $61.5K | +445 (+2.3%) | Added |
| 9 | Catalyst Funds Management Pty Ltd | 12.5K | $39.5K | — | New |
| 10 | Sequoia Financial Advisors, LLC | 10.2K | $32.2K | +0 (+0.0%) | No change |
| 11 | Steward Partners Investment Advisory, LLC | 3.6K | $11.3K | -9 (-0.3%) | Trimmed |
| 12 | Vanguard Global Advisers, LLC | 2.2K | $6.9K | — | New |
| 13 | UBS Group AG | 2.1K | $6.6K | +2.1K (+10900.0%) | Added |
| 14 | Tieton Capital Management, LLC | 1.2M | $3.7K | — | New |
| 15 | Key Financial Inc | 187 | $591 | +0 (+0.0%) | No change |
| 16 | SBI Securities Co., Ltd. | 183 | $578 | +0 (+0.0%) | No change |
| 17 | BNP PARIBAS FINANCIAL MARKETS | 8 | $25 | +0 (+0.0%) | No change |
| 18 | Vanguard National Trust Co | 0 | $1 | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
Coming once FLNT's latest filing finishes processing.