# Fluent Inc. (FLNT)

**Exchange:** NASDAQ  
**Sector:** Communication Services  
**Market cap:** $58M  
**Price:** $2.22 (+0.91%)

> Fluent Inc. is a digital marketing and commerce media company that connects brands with high-intent consumers across online channels. The company specializes in customer acquisition and monetization solutions, designing performance-based campaigns that drive actions such as trial subscriptions, registrations, and app installs. Fluent leverages exclusive ad inventory, first-party consumer data, and proprietary machine learning to deliver targeted offers and personalized experiences at key moments in the customer journey, including post-purchase touchpoints. Its Commerce Media Solutions and broader network serve consumer brands, direct marketers, and agencies across industries such as media and entertainment, financial services, health and life sciences, retail, and staffing. Operating in the United States and internationally, Fluent plays a role in the advertising and data-driven marketing ecosystem by helping advertisers reach engaged audiences while enabling partners and merchants to generate incremental revenue from their existing traffic and customer interactions. Headquartered in New York, New York, Fluent was founded in 2001.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $209M | — | -$20M | -$27M | — |
| 2024 | $255M | — | -$24M | -$29M | — |
| 2023 | $298M | — | -$60M | -$63M | — |
| 2022 | $361M | — | -$120M | -$123M | — |
| 2021 | $329M | — | -$5M | -$10M | — |
| 2020 | $311M | — | $8M | $2M | — |
| 2019 | $282M | — | $5M | -$2M | — |
| 2018 | $250M | — | $11M | -$18M | — |
| 2017 | $212M | — | -$21M | -$53M | — |
| 2016 | $187M | $53M | -$34M | -$29M | — |
| 2015 | $14M | $4M | -$44M | -$85M | — |
| 2014 | $817,000 | $480,000 | -$777,000 | -$610,000 | — |
| 2013 | $3M | $1M | -$4M | -$4M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $89M | $71M | $18M | $13M | $35M |
| 2024 | $94M | $69M | $25M | $9M | $36M |
| 2023 | $94M | $77M | $34M | $16M | $30M |
| 2022 | $184M | $90M | $94M | $26M | $41M |
| 2021 | $318M | $105M | $213M | $34M | $40M |
| 2020 | $310M | $93M | $217M | $21M | $41M |
| 2019 | $317M | $106M | $211M | $19M | $51M |
| 2018 | $293M | $86M | $207M | $18M | $55M |
| 2017 | $317M | $93M | $224M | $17M | $63M |
| 2016 | $312M | $82M | $230M | $10M | $50M |
| 2015 | $289M | $83M | $206M | $13M | $51M |
| 2014 | $13M | $1M | $12M | $6M | — |
| 2013 | $13M | $2M | $11M | $6M | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | -$1M | $69,000 | -$2M |
| 2024 | -$14M | $13,000 | -$14M |
| 2023 | $8M | $25,000 | $8M |
| 2022 | $2M | $17,000 | $2M |
| 2021 | $12M | $36,000 | $12M |
| 2020 | $20M | $64,000 | $20M |
| 2019 | $26M | $2M | $24M |
| 2018 | $23M | $238,000 | $23M |
| 2017 | $3M | $732,000 | $2M |
| 2016 | $2M | $762,000 | $1M |
| 2015 | -$11M | $662,000 | -$11M |
| 2014 | -$474,000 | $85,000 | -$559,000 |
| 2013 | -$5M | $706,000 | -$6M |

Source: [CompaniesByCap](https://companiesbycap.com/company/FLNT)