Fluent, Inc.
Financial highlights
| Metric | FY December 31, 2025 | FY December 31, 2024 | FY December 31, 2023 | FY December 31, 2022 | FY December 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $208.8M | $254.6M | $298.4M | $361.1M | $329.2M |
| Operating income | -$20.3M | -$23.7M | -$60.1M | -$119.6M | -$4.7M |
| Cash from operations | -$1.5M | -$14.1M | $8.1M | $2.0M | $12.4M |
| Capital expenditure | $69,000 | $13,000 | $25,000 | $17,000 | $36,000 |
| Free cash flow | -$1.5M | -$14.1M | $8.1M | $1.9M | $12.4M |
| Share repurchases | — | — | — | — | $0 |
| Impairments | $774,000 | $2.2M | $55.4M | $111.3M | $354,000 |
| Total assets | $89.1M | $93.6M | $111.9M | $184.0M | $318.2M |
| Total liabilities | $70.9M | $68.7M | $77.5M | $90.0M | $104.8M |
| Total debt | $34.2M | $35.2M | $31.2M | $41.2M | $46.2M |
Shares outstanding 29.8M
Annual filing data through FY ended December 31, 2025; float as of July 13, 2026.