NASDAQ : FLNT
Fluent, Inc. — Financial statements
Communication Services · Advertising Agencies · United States
Last price 3.27 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 103.36M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Fluent, Inc. (FLNT) reported revenue of 202.15M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 202.15M | 208.76M | 254.62M | 298.40M | 361.13M | 329.25M |
| Cost of Revenue | 148.57M | 157.52M | 193.82M | 219.88M | 267.49M | 243.72M |
| Gross Profit | 53.57M | 51.24M | 60.80M | 78.52M | 93.65M | 85.53M |
| Selling, General & Admin | 48.58M | 46.64M | 51.73M | 57.08M | 56.97M | 55.07M |
| Research & Development | 12.35M | 11.64M | 16.58M | 18.35M | 18.16M | 15.19M |
| Operating Expenses | 69.13M | 68.04M | 78.24M | 86.31M | 88.34M | 83.42M |
| Operating Income | -15.55M | -16.80M | -17.44M | -7.79M | 5.30M | 2.11M |
| Interest Expense | -2.73M | -3.07M | -4.75M | -3.20M | -1.97M | -2.18M |
| Other Non Operating Income (Expenses) | -1.83M | -14.00K | -1.67M | |||
| EBT Excluding Unusual Items | -20.12M | -19.88M | -23.86M | -10.99M | 3.34M | -75.00K |
| Merger & Restructuring Charges | -912.00K | -2.62M | -3.88M | -2.81M | -2.54M | -4.61M |
| Impairment of Goodwill | -1.26M | -55.41M | -111.07M | |||
| Gain (Loss) on Sale of Assets | -14.00K | -19.00K | ||||
| Asset Writedown | -774.00K | -774.00K | -980.00K | -186.00K | -354.00K | |
| Legal Settlements | -550.00K | -300.00K | 6.31M | -11.08M | -1.81M | |
| Other Unusual Items | -954.00K | -3.59M | -1.11M | -434.00K | -2.96M | |
| Pretax Income | -23.33M | -27.17M | -31.09M | -63.33M | -121.56M | -9.81M |
| Income Tax Expense | -120.00K | -2.00K | -1.81M | -116.00K | 1.78M | 246.00K |
| Earnings From Continuing Operations | -23.21M | -27.17M | -29.28M | -63.22M | -123.33M | -10.06M |
| Net Income | -23.21M | -27.17M | -29.28M | -63.22M | -123.33M | -10.06M |
| Net Income to Common | -23.21M | -27.17M | -29.28M | -63.22M | -123.33M | -10.06M |
| Shares Outstanding (Basic) | 30.37M | 25.97M | 16.26M | 13.77M | 13.57M | 13.33M |
| Shares Outstanding (Diluted) | 30.37M | 25.97M | 16.26M | 13.77M | 13.57M | 13.33M |
| EPS (Basic) | -0.76 | -1.05 | -1.80 | -4.59 | -9.09 | -0.75 |
| EPS (Diluted) | -0.77 | -1.05 | -1.80 | -4.59 | -9.09 | -0.78 |
| Free Cash Flow | -4.32M | -1.54M | -14.12M | 8.11M | 1.95M | 12.39M |
| Free Cash Flow Per Share | -0.14 | -0.06 | -0.87 | 0.59 | 0.14 | 0.93 |
| Gross Margin | 26.50% | 24.55% | 23.88% | 26.31% | 25.93% | 25.98% |
| Operating Margin | -7.70% | -8.04% | -6.85% | -2.61% | 1.47% | 0.64% |
| Profit Margin | -11.48% | -13.01% | -11.50% | -21.19% | -34.15% | -3.06% |
| Free Cash Flow Margin | -2.14% | -0.74% | -5.54% | 2.72% | 0.54% | 3.76% |
| EBITDA | -7.35M | -7.04M | -7.51M | 3.08M | 18.52M | 15.28M |
| EBITDA Margin | -3.64% | -3.37% | -2.95% | 1.03% | 5.13% | 4.64% |
| D&A For EBITDA | 8.20M | 9.75M | 9.93M | 10.88M | 13.21M | 13.17M |
| EBIT | -15.55M | -16.80M | -17.44M | -7.79M | 5.30M | 2.11M |
| EBIT Margin | -7.70% | -8.04% | -6.85% | -2.61% | 1.47% | 0.64% |
| Advertising Expenses | 1.00M | 553.00K | 860.00K | 1.07M | 661.00K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 6.88M | 12.94M | 9.44M | 15.80M | 25.55M | 34.47M |
| Cash & Short-Term Investments | 6.88M | 12.94M | 9.44M | 15.80M | 25.55M | 34.47M |
| Receivables | 40.40M | 46.73M | 46.53M | 56.53M | 63.16M | 70.23M |
| Prepaid Expenses | 5.19M | 5.50M | 8.73M | 6.07M | 3.51M | 2.50M |
| Restricted Cash | 1.25M | |||||
| Other Current Assets | 159.00K | 2.30M | ||||
| Total Current Assets | 52.63M | 67.47M | 65.95M | 78.41M | 92.22M | 107.20M |
| Property, Plant & Equipment | 2.64M | 2.96M | 1.87M | 3.99M | 6.17M | 8.26M |
| Goodwill | 1.26M | 55.11M | 165.09M | |||
| Other Intangible Assets | 16.72M | 17.28M | 21.80M | 26.81M | 28.75M | 35.75M |
| Other Long-Term Assets | 1.43M | 1.43M | 3.99M | 1.41M | 1.73M | 1.89M |
| Total Assets | 75.13M | 89.13M | 93.62M | 111.87M | 183.97M | 318.18M |
| Accounts Payable | 8.23M | 7.20M | 8.78M | 10.95M | 6.19M | 16.13M |
| Accrued Expenses | 23.47M | 25.16M | 21.91M | 30.53M | 35.63M | 33.93M |
| Current Portion of Long-Term Debt | 26.76M | 30.85M | 31.61M | 5.00M | 5.00M | 5.00M |
| Current Portion of Leases | 1.10M | 1.10M | 1.84M | 2.30M | 2.39M | 2.23M |
| Current Unearned Revenue | 120.00K | 721.00K | 556.00K | 430.00K | 1.01M | 651.00K |
| Total Current Liabilities | 59.68M | 65.03M | 64.68M | 49.21M | 50.22M | 57.94M |
| Long-Term Debt | 5.16M | 3.73M | 3.97M | 25.49M | 35.59M | 40.33M |
| Long-Term Leases | 1.58M | 1.99M | 9.00K | 1.70M | 3.74M | 5.69M |
| Other Long-Term Liabilities | 613.00K | 168.00K | 1.00K | 1.06M | 458.00K | 811.00K |
| Total Liabilities | 67.03M | 70.92M | 68.66M | 77.46M | 90.01M | 104.77M |
| Common Stock | 55.00K | 53.00K | 47.00K | 43.00K | 42.00K | 42.00K |
| Additional Paid-In Capital | 468.95M | 467.53M | 447.11M | 427.29M | 423.38M | 419.06M |
| Retained Earnings | -449.49M | -437.96M | -410.80M | -381.52M | -318.30M | -194.97M |
| Treasury Stock | -11.41M | -11.41M | -11.41M | -11.41M | -11.17M | -10.72M |
| Shareholders' Equity | 8.10M | 18.21M | 24.95M | 34.40M | 93.95M | 213.41M |
| Total Liabilities & Equity | 75.13M | 89.13M | 93.62M | 111.87M | 183.97M | 318.18M |
| Total Debt | 34.60M | 37.67M | 37.42M | 34.48M | 46.73M | 53.25M |
| Net Cash (Debt) | -27.72M | -24.73M | -27.98M | -18.68M | -21.18M | -18.78M |
| Net Cash Per Share | -0.91 | -0.95 | -1.72 | -1.36 | -1.56 | -1.41 |
| Filing Date Shares Outstanding | 31.61M | 29.81M | 20.64M | 13.60M | 13.39M | 13.21M |
| Total Common Shares Outstanding | 31.59M | 29.64M | 20.02M | 13.55M | 13.35M | 13.16M |
| Working Capital | -7.06M | 2.44M | 1.27M | 29.19M | 42.00M | 49.26M |
| Book Value Per Share | 0.26 | 0.61 | 1.25 | 2.54 | 7.04 | 16.22 |
| Tangible Book Value | -8.62M | 936.00K | 3.16M | 6.33M | 10.10M | 12.57M |
| Tangible Book Value Per Share | -0.27 | 0.03 | 0.16 | 0.47 | 0.76 | 0.96 |
| Machinery | 1.95M | 2.33M | 2.38M | 2.35M | 2.41M | |
| Leasehold Improvements | 1.26M | 1.26M | 1.26M | 1.26M | 1.29M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -23.21M | -27.17M | -29.28M | -63.22M | -123.33M | -10.06M |
| Depreciation & Amortization | 8.20M | 9.75M | 9.93M | 10.88M | 13.21M | 13.17M |
| Loss (Gain) From Sale of Assets | 14.00K | 19.00K | ||||
| Asset Writedown & Restructuring Costs | 774.00K | 1.47M | 2.24M | 55.41M | 111.25M | 354.00K |
| Stock-Based Compensation | 4.37M | 2.25M | 1.97M | 3.76M | 4.09M | 4.76M |
| Provision & Write-off of Bad Debts | 513.00K | 53.00K | 401.00K | 124.00K | 450.00K | 91.00K |
| Other Operating Activities | 3.84M | 4.58M | 3.52M | 281.00K | 40.00K | 5.41M |
| Change in Accounts Receivable | -8.26M | -256.00K | 9.47M | 6.51M | 6.62M | -7.65M |
| Change in Accounts Payable | -486.00K | -1.58M | -2.18M | 4.76M | -9.94M | 8.44M |
| Change in Unearned Revenue | -215.00K | 165.00K | 313.00K | -584.00K | 139.00K | -722.00K |
| Change in Other Net Operating Assets | 10.25M | 9.26M | -10.50M | -9.78M | -590.00K | -1.37M |
| Operating Cash Flow | -4.20M | -1.47M | -14.10M | 8.14M | 1.96M | 12.42M |
| Capital Expenditures | -126.00K | -69.00K | -13.00K | -25.00K | -17.00K | -36.00K |
| Cash Acquisitions | -1.25M | -1.04M | ||||
| Sale (Purchase) of Intangibles | -6.30M | -6.30M | -6.20M | -5.84M | -4.38M | -2.96M |
| Other Investing Activities | 282.00K | |||||
| Investing Cash Flow | -6.14M | -6.37M | -6.21M | -7.11M | -5.44M | -2.99M |
| Long-Term Debt Issued | 103.34M | 67.49M | 49.62M | |||
| Long-Term Debt Repaid | -109.73M | -68.23M | -10.00M | -5.00M | -46.73M | |
| Net Debt Issued (Repaid) | 2.28M | -6.39M | -738.00K | -10.00M | -5.00M | 2.89M |
| Issuance of Common Stock | 10.40M | 19.37M | 18.38M | 1.07M | ||
| Repurchase of Common Stock | -236.00K | -448.00K | -724.00K | |||
| Other Financing Activities | -2.07M | -2.19M | -2.44M | -532.00K | -766.00K | |
| Financing Cash Flow | 10.61M | 10.79M | 15.21M | -10.77M | -5.45M | 2.47M |
| Net Cash Flow | 275.00K | 2.95M | -5.11M | -9.74M | -8.92M | 11.90M |
| Free Cash Flow | -4.32M | -1.54M | -14.12M | 8.11M | 1.95M | 12.39M |
| Free Cash Flow Margin | -2.14% | -0.74% | -5.54% | 2.72% | 0.54% | 3.76% |
| Free Cash Flow Per Share | -0.14 | -0.06 | -0.87 | 0.59 | 0.14 | 0.93 |
| Levered Free Cash Flow | -5.94M | -2.96M | -12.78M | 5.11M | 13.17M | 17.34M |
| Unlevered Free Cash Flow | -4.23M | -1.04M | -9.81M | 7.11M | 14.40M | 18.71M |
| Cash Interest Paid | 2.57M | 2.64M | 3.55M | 2.98M | 1.76M | 1.72M |
| Cash Income Tax Paid | -69.00K | -323.00K | -272.00K | 1.01M | 356.00K | |
| Change in Working Capital | 1.29M | 7.60M | -2.89M | 914.00K | -3.77M | -1.30M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 109.04M | 71.13M | 51.78M | 54.43M | 87.15M | 157.10M |
| Enterprise Value | 136.76M | 91.19M | 85.51M | 70.23M | 102.46M | 196.19M |
| Last Close Price | 3.45 | 2.40 | 2.52 | 4.02 | 6.54 | 11.94 |
| Forward PE | 38.73 | 38.73 | 11.54 | 13.62 | 28.43 | |
| PS Ratio | 0.54 | 0.34 | 0.20 | 0.18 | 0.24 | 0.48 |
| PB Ratio | 13.45 | 3.90 | 2.08 | 1.58 | 0.93 | 0.74 |
| P/TBV Ratio | 75.99 | 16.40 | 8.59 | 8.63 | 12.49 | |
| P/FCF Ratio | 6.71 | 44.76 | 12.68 | |||
| P/OCF Ratio | 6.69 | 44.37 | 12.64 | |||
| PEG Ratio | 4.33 | 4.33 | 4.33 | 4.33 | 4.33 | |
| EV/Sales Ratio | 0.68 | 0.44 | 0.34 | 0.23 | 0.28 | 0.60 |
| EV/EBITDA Ratio | 22.77 | 5.53 | 12.84 | |||
| EV/EBIT Ratio | 19.32 | 93.02 | ||||
| EV/FCF Ratio | 8.66 | 52.62 | 15.84 | |||
| Debt / Equity Ratio | 4.27 | 2.07 | 1.50 | 1.00 | 0.50 | 0.25 |
| Debt / EBITDA Ratio | 6.24 | 2.24 | 3.00 | |||
| Debt / FCF Ratio | 4.25 | 24.00 | 4.30 | |||
| Net Debt / Equity Ratio | 3.42 | 1.36 | 1.12 | 0.54 | 0.23 | 0.09 |
| Net Debt / EBITDA Ratio | -3.77 | -3.51 | -3.73 | 6.05 | 1.14 | 1.23 |
| Net Debt / FCF Ratio | -6.42 | -16.09 | -1.98 | 2.30 | 10.88 | 1.52 |
| Asset Turnover | 2.70 | 2.29 | 2.48 | 2.02 | 1.44 | 1.05 |
| Quick Ratio | 0.78 | 0.92 | 0.86 | 1.47 | 1.77 | 1.81 |
| Current Ratio | 0.88 | 1.04 | 1.02 | 1.59 | 1.84 | 1.85 |
| Return on Equity (ROE) | -170.46% | -125.87% | -98.64% | -98.50% | -80.25% | -4.67% |
| Return on Assets (ROA) | -13.00% | -11.49% | -10.61% | -3.29% | 1.32% | 0.42% |
| Return on Invested Capital (ROIC) | -44.62% | -35.03% | -32.89% | -9.26% | 3.05% | 0.88% |
| Return on Capital Employed (ROCE) | -100.70% | -69.70% | -60.30% | -12.40% | 4.00% | 0.80% |
| Earnings Yield | -22.43% | -38.20% | -56.54% | -116.15% | -141.52% | -6.40% |
| FCF Yield | -3.96% | -2.16% | -27.26% | 14.91% | 2.23% | 7.89% |
| Buyback Yield / Dilution | -55.49% | -59.72% | -18.08% | -1.49% | -1.80% | -0.57% |