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FLNT Financials Fluent, Inc.

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has declined 7.6% per year over the past 5 years.
  • Operating margin has contracted, at -9.7% in the latest year.

Financial health

  • Total debt ($35M) exceeds cash ($13M); net debt is $22M.
  • Total debt has grown faster than revenue (-3.1% vs -7.6% per year).
  • Operating income covered interest expense -6.6× in the latest year, down from 1.6× 5 years ago.
  • The company is unprofitable; at its current free-cash-flow burn it has roughly 8.4 years of cash runway.
Revenue & net income
-$123M $119M $361M $0 2011 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
-34% -15% 5% 0% 2011 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Return on equity & assets (ROE / ROA)
-184% -24% 135% 0% 2011 2013 2015 2017 2019 2021 2023 2025
ROEROA
Free cash flow (CFO − capex)
-$14M $5M $24M $0 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $31M $63M 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$94M $9M $112M $0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
2025 $209M -$27M 0.0% -9.7% -149.2% -30.5% -$2M $35M $13M
2024 $255M -$30M 0.0% -9.3% -119.3% -31.8% -$14M $36M $9M
2023 $298M -$63M 0.0% -20.2% -183.8% -67.5% $8M $30M $16M
2022 $361M -$123M 0.0% -33.1% -131.3% -67.0% $2M $41M $26M
2021 $329M -$10M 0.0% -1.4% -4.7% -3.2% $12M $40M $34M
2020 $311M $2M 0.0% 2.7% 1.0% 0.7% $20M $41M $21M
2019 $282M -$2M 0.0% 1.9% -0.8% -0.6% $24M $51M $19M
2018 $250M -$18M 0.0% 4.5% -8.7% -6.1% $23M $55M $18M
2017 $212M -$53M 0.0% -9.9% -23.8% -16.8% $2M $63M $17M
2016 -$29M -12.7% -9.3% $1M $50M $10M
2015 -$85M -41.1% -29.2% -$11M $51M $13M
2014 -$610000 -5.0% -4.6% -$559000 $6M
2013 -$4M -37.2% -31.4% -$6M $6M
2012 $9M 135.2% 116.0% -$6M $7M
2011 -$13M 100.0% -26.7% -$3M $39000

Valuation over time

How the market has priced FLNT against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / sales (P/S)
0.0 0.2 0.5 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/S

Frequently asked questions

Is FLNT growing its revenue and profit?

Over the past 5 years, Fluent, Inc.'s revenue has declined 7.6% per year. These are computed facts, not advice.

How much debt does FLNT have?

As of FY2025, Fluent, Inc. reported $35M of total debt against $13M of cash; operating income covered interest expense -6.6×.

What is FLNT's profit margin?

In FY2025, gross margin was —, operating margin -9.7%, and net margin -13.0%.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.