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Companies / Industrials / Fluent, Inc.
FLNT

Fluent, Inc.

IndustrialsBusiness Services & Software
Ticker FLNTNEW YORK, NYFiscal year ends DecemberBook value per share $0.26Diluted shares 31.5M

Fluent, Inc. (Nasdaq: FLNT) provides digital marketing and commerce media solutions that connect brands with consumers through performance-based customer acquisition campaigns. Its services include targeted advertising on partner e-commerce sites and mobile apps, consumer data and direct-marketing offers through its… From the company’s description.

Over the twelve months to Jun 30, 2026, Fluent, Inc. reported revenue of $202.15M, down 12.0% from a year earlier, and a net loss of $23.21M. Its operating margin was −7.4%, and operations used $4.20M in cash. In fiscal 2025, it reported revenue of $208.76M, down 18.0% from fiscal 2024, and a net loss of $27.17M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$208.76MFY2025
−18.0% year over year
Last 12 mo $202.15M
-9.73%FY2025
−0.4 percentage points
Last 12 mo -7.42%
$-27.17MFY2025
+7.2% year over year
Last 12 mo $-23.21M
-144.92%FY2025
−37.1 percentage points
Last 12 mo -286.35%
Cash & financing
$-1.47MFY2025
+89.6% year over year
Last 12 mo $-4.20M
$-7.83MFY2025
+61.4% year over year
Last 12 mo $-10.62M
1.90FY2025
Was 1.43× a year earlier
Last 12 mo 3.94
26.0MFY2025
+59.7% year over year
Last 12 mo 31.5M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Fluent, Inc. does

In the company’s own words

Fluent, Inc. (Nasdaq: FLNT) provides digital marketing and commerce media solutions that connect brands with consumers through performance-based customer acquisition campaigns. Its services include targeted advertising on partner e-commerce sites and mobile apps, consumer data and direct-marketing offers through its owned and operated media properties, programmatic data, and managed creator marketing and media buying through AdParlor. Advertisers include consumer brands, direct marketers, and agencies across media and entertainment, financial services, health, retail, and other industries; media partners include retailers and digital media properties. Fluent uses first-party consumer data and proprietary advertising technology to target audiences and is generally paid for clicks, leads, or other actions. Its business centers on Commerce Media Solutions and owned and operated sites; AdParlor is a non-core business, and its call-based performance marketplace was sold in January 2026. In 2025, Fluent served approximately 400 brands and had 186 employees. Its website is www.fluentco.com.

Company details
Sector
Industrials
Industry (SIC)
Business Services & Software
Headquarters
NEW YORK, NY
Fiscal year end
December
CIK
1460329
SIC
7310

Financial performance, year by year

Fiscal 2014–2025 · USD
$-171.78M$-26.44M$118.90M$264.24M$409.58M201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Fluent, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

13
funds hold it
0 of 35
superinvestors hold it
$2.91M
held by funds, at market
2.7%
of shares held by funds

Largest fund holders · Fluent, Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
ACUITAS US MICROCAP FUND
AFMCX · FORUM FUNDS II
0.21%of fund net assets
0.01%of fund net assets
iShares Micro-Cap ETF
IWC · iShares Trust
0.01%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Fluent, Inc. and its peers compare on margins and cash generation over ten years?”
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