Fluent Past Earnings Performance
Past criteria checks 0/6
Fluent's earnings have been declining at an average annual rate of -8.6%, while the Media industry saw earnings growing at 5.8% annually. Revenues have been declining at an average rate of 8.1% per year.
Key information
-8.57%
Earnings growth rate
-4.07%
EPS growth rate
| Media Industry Growth | 13.17% |
| Revenue growth rate | -8.07% |
| Return on equity | -149.17% |
| Net Margin | -13.01% |
| Last Earnings Update | 31 Dec 2025 |
Recent past performance updates
Recent updates
Narrative Update • May 29
FLNT: CMS Momentum And New Partnerships Will Drive 2026 Reassessment
Analysts have lifted their price target on Fluent to $4.25 from $3.50, citing a reassessment of fair value alongside updated views on discount rate, revenue growth, profit margins, and future P/E assumptions following recent mixed results and new bullish coverage. Analyst Commentary Recent research reflects a mixed but engaged view on Fluent, with bullish analysts focusing on specific growth drivers and cautious analysts highlighting execution risks and valuation questions.
New Narrative • May 12
Commerce Media Fragility And Compliance Pressures Will Test Margins Yet Support Long Term Potential
Catalysts About Fluent Fluent operates a commerce media platform that connects retailers and advertisers to consumers at key moments in the shopping journey. What are the underlying business or industry changes driving this perspective?
New Narrative • Apr 26
Commerce Media Shift And First Party Data Will Transform Long Term Earnings Potential
Catalysts About Fluent Fluent operates a performance based commerce media platform that connects brands, retailers and advertisers with transacting consumers across owned marketplaces and partner environments. What are the underlying business or industry changes driving this perspective?Narrative Update • Apr 20
FLNT: Fair Value Now Hinges On 2026 Recovery And CMS Expansion
Analysts lifted Fluent's price target to $3.50 from $2.50, citing the doubling of CMS revenue and expectations for growth to resume in 2026 as key supports for the higher valuation range. Analyst Commentary Bullish Takeaways Bullish analysts point to the higher US$3.50 price target as a sign that the doubled CMS revenue is now a more meaningful part of the valuation story.Narrative Update • Apr 06
FLNT: Fair Value Relies On 2026 Recovery And Expanding Post Booking Monetization
Analysts have lifted Fluent's price target to $3.50 from $2.50, citing mixed Q4 results with modestly lower revenue and adjusted EBITDA, alongside a doubling of CMS revenue and expectations for growth to return in 2026. Analyst Commentary Bullish Takeaways Bullish analysts view the higher US$3.50 price target as a reset that better reflects the current mix of results and the potential value of Fluent's business once growth resumes.Narrative Update • Mar 22
FLNT: Ongoing ATM Issuance And Delayed 2026 Recovery Will Pressure Returns
Analysts have raised Fluent's price target to $3.50 from $2.50, citing mixed Q4 results with modestly lower revenue and adjusted EBITDA, a doubling of CMS revenue, and expectations for growth to return in 2026. Analyst Commentary Bullish Takeaways Bullish analysts view the higher US$3.50 price target as a reflection of improved confidence in execution, even with Q4 results that were modestly below consensus.Narrative Update • Mar 07
FLNT: Ongoing ATM Equity Issuance Will Continue To Pressure Future Shareholder Returns
Analysts have reduced their price target on Fluent to $2.50, reflecting slightly higher assumed discount rates, a modest adjustment to profit margin expectations, and a small increase in the projected future P/E multiple. What's in the News Fluent, Inc.Narrative Update • Feb 21
FLNT: Ongoing ATM Equity Issuance Will Continue To Pressure Future Shareholder Returns
Analysts have nudged their price target on Fluent slightly higher to reflect a modestly adjusted discount rate, a small change in expected profit margin, and a marginally richer assumed future P/E, while keeping fair value per share at $2.50. What's in the News Fluent filed a follow-on equity offering for up to US$11.2 million of common stock.Narrative Update • Feb 05
FLNT: Ongoing ATM Equity Offering Will Sustain Pressure On Shareholder Returns
Analysts have adjusted their price target on Fluent to $2.50 from a prior $2.50, reflecting updated views on slightly lower required returns and modestly stronger profit margin expectations. What's in the News Fluent, Inc.Narrative Update • Jan 21
FLNT: ATM Equity Offering Will Pressure Profitability And Support Bearish Outlook
Analysts have revised their price target for Fluent to $2.50, citing slightly higher discount rate assumptions and a modest adjustment to expected profitability, while keeping fair value broadly in line with prior estimates. What's in the News Fluent, Inc.Narrative Update • Jan 06
FLNT: Stable Outlook Will Reflect ATM Offering And Margin Assumptions
Analysts have lowered their price target on Fluent to US$4.18 from US$4.36, citing slightly lower discount rate assumptions and marginally higher projected profit margins that together adjust their P/E expectations. What's in the News Fluent filed a follow-on equity offering totaling US$11.2 million in common stock, structured as an at-the-market offering (Key Developments).Analysis Article • Dec 23
Further Upside For Fluent, Inc. (NASDAQ:FLNT) Shares Could Introduce Price Risks After 30% Bounce
Fluent, Inc. ( NASDAQ:FLNT ) shares have had a really impressive month, gaining 30% after a shaky period beforehand...Narrative Update • Dec 14
FLNT: Future Upside Is Expected From Stable Fair Value Outlook
Analysts have modestly lowered their price target on Fluent, trimming fair value by a small amount to reflect a slightly lower discount rate and marginally softer long term margin and valuation assumptions. Valuation Changes Fair Value: Unchanged at $2.50 per share, indicating no adjustment to the central valuation estimate.Narrative Update • Nov 30
FLNT: Future Performance Will Be Supported By Projected Fair Value Stability
Analysts have raised their price target for Fluent from $2.50 to $2.50 per share. They cite expectations for stronger revenue growth and modest adjustments to the company's discount rate and profit margin forecasts.Analysis Article • Nov 26
We Think Fluent (NASDAQ:FLNT) Has A Fair Chunk Of Debt
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...Narrative Update • Nov 16
FLNT: Upcoming Capital Raise Will Drive Future Shareholder Value
Narrative Update on Fluent Price Target Analysts have revised Fluent's fair value estimate downward from $3.00 to $2.50 per share. This change is attributed to adjustments in discount rates as well as updated projections for revenue growth and profit margins.
New Narrative • Apr 10
Commerce Media Solutions Will Open New Market Opportunities
Fluent's focus on high-margin Commerce Media Solutions and major partnerships is expected to significantly boost revenue and market share.Analysis Article • Jun 24
Fluent (NASDAQ:FLNT) Is Doing The Right Things To Multiply Its Share Price
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Analysis Article • Mar 14
We Think Fluent (NASDAQ:FLNT) Can Manage Its Debt With Ease
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Analysis Article • Jun 08
These 4 Measures Indicate That Fluent (NASDAQ:FLNT) Is Using Debt Reasonably Well
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Analysis Article • Mar 10
Analysts Have Been Trimming Their Fluent, Inc. (NASDAQ:FLNT) Price Target After Its Latest Report
Fluent, Inc. ( NASDAQ:FLNT ) just released its latest yearly results and things are looking bullish. Results overall...Analysis Article • Feb 24
We Think Fluent (NASDAQ:FLNT) Can Stay On Top Of Its Debt
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Analysis Article • Nov 04
Is Fluent (NASDAQ:FLNT) A Risky Investment?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Analysis Article • May 27
Here's Why Fluent, Inc.'s (NASDAQ:FLNT) CEO Might See A Pay Rise Soon
Shareholders will be pleased by the robust performance of Fluent, Inc. ( NASDAQ:FLNT ) recently and this will be kept...Analysis Article • Apr 10
Estimating The Fair Value Of Fluent, Inc. (NASDAQ:FLNT)
Today we will run through one way of estimating the intrinsic value of Fluent, Inc. ( NASDAQ:FLNT ) by taking the...Analysis Article • Mar 20
Fluent (NASDAQ:FLNT) Has A Rock Solid Balance Sheet
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Analysis Article • Feb 21
Fluent, Inc.'s (NASDAQ:FLNT) Stock Is Going Strong: Have Financials A Role To Play?
Fluent (NASDAQ:FLNT) has had a great run on the share market with its stock up by a significant 154% over the last...Analysis Article • Jan 31
Here's What Fluent, Inc.'s (NASDAQ:FLNT) Shareholder Ownership Structure Looks Like
Every investor in Fluent, Inc. ( NASDAQ:FLNT ) should be aware of the most powerful shareholder groups. Large companies...Analysis Article • Jan 10
Announcing: Fluent (NASDAQ:FLNT) Stock Increased An Energizing 131% In The Last Year
When you buy shares in a company, there is always a risk that the price drops to zero. But if you pick the right...Analysis Article • Dec 20
These 4 Measures Indicate That Fluent (NASDAQ:FLNT) Is Using Debt Safely
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Fluent makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 25 | 209 | -27 | 47 | 12 |
| 30 Sep 25 | 212 | -26 | 46 | 12 |
| 30 Jun 25 | 230 | -27 | 47 | 13 |
| 31 Mar 25 | 244 | -31 | 49 | 15 |
| 31 Dec 24 | 255 | -29 | 52 | 17 |
| 30 Sep 24 | 262 | -28 | 66 | 18 |
| 30 Jun 24 | 264 | -53 | 56 | 18 |
| 31 Mar 24 | 287 | -38 | 56 | 18 |
| 31 Dec 23 | 298 | -63 | 57 | 18 |
| 30 Sep 23 | 310 | -129 | 45 | 18 |
| 30 Jun 23 | 333 | -92 | 57 | 18 |
| 31 Mar 23 | 349 | -153 | 59 | 19 |
| 31 Dec 22 | 361 | -123 | 57 | 18 |
| 30 Sep 22 | 376 | -52 | 59 | 18 |
| 30 Jun 22 | 373 | -58 | 58 | 18 |
| 31 Mar 22 | 348 | -6 | 56 | 16 |
| 31 Dec 21 | 329 | -10 | 55 | 15 |
| 30 Sep 21 | 311 | -14 | 51 | 14 |
| 30 Jun 21 | 304 | -10 | 50 | 14 |
| 31 Mar 21 | 302 | -4 | 48 | 13 |
| 31 Dec 20 | 311 | 2 | 49 | 13 |
| 30 Sep 20 | 309 | 3 | 49 | 11 |
| 30 Jun 20 | 295 | -3 | 53 | 9 |
| 31 Mar 20 | 294 | -2 | 55 | 9 |
| 31 Dec 19 | 282 | -2 | 55 | 8 |
| 30 Sep 19 | 272 | -1 | 57 | 8 |
| 30 Jun 19 | 274 | 8 | 54 | 8 |
| 31 Mar 19 | 261 | 10 | 55 | 7 |
| 31 Dec 18 | 250 | 3 | 49 | 5 |
| 30 Sep 18 | 236 | -1 | 42 | 6 |
| 30 Jun 18 | 224 | -17 | 51 | 4 |
| 31 Mar 18 | 218 | -27 | 53 | 3 |
| 31 Dec 17 | 212 | -32 | 62 | 3 |
| 30 Sep 17 | 209 | -34 | 74 | 0 |
| 30 Jun 17 | 207 | -33 | 68 | 0 |
| 31 Mar 17 | 197 | -32 | 66 | 0 |
| 31 Dec 16 | 187 | -29 | 67 | 0 |
| 30 Sep 16 | 143 | -56 | 84 | 0 |
| 30 Jun 16 | 92 | -51 | 72 | 0 |
| 31 Mar 16 | 52 | -48 | 60 | 0 |
| 31 Dec 15 | 14 | -43 | 46 | 0 |
Quality Earnings: FLNT is currently unprofitable.
Growing Profit Margin: FLNT is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: FLNT is unprofitable, and losses have increased over the past 5 years at a rate of 8.6% per year.
Accelerating Growth: Unable to compare FLNT's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: FLNT is unprofitable, making it difficult to compare its past year earnings growth to the Media industry (1.1%).
Return on Equity
High ROE: FLNT has a negative Return on Equity (-149.17%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/02 21:48 |
| End of Day Share Price | 2026/06/02 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Fluent, Inc. is covered by 4 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Patrick Sholl | Barrington Research Associates, Inc. |
| Maria Ripps | Canaccord Genuity |
| Eric Martinuzzi | Lake Street Capital Markets, LLC |