Fluent, Inc (FLNT) AI Stock Analysis

Fluent, Inc. specializes in data-driven digital marketing services, primarily serving the United States. The company operates through two segments: Fluent and All Other. It focuses on customer acquisition by running digital marketing campaigns that connect advertiser clients with targeted consumers. In addition to customer acquisition, Fluent, Inc. provides data and performance-based marketing solutions to around 500 consumer brands, direct marketers, and agencies. These services span diverse industries, including financial products and services, media and entertainment, health and wellness, retail and consumer goods, and staffing and recruitment.

Fluent experienced multi-year top-line contraction as annual revenue declined from $361.1M in FY2022 to $298.4M in FY2023, $254.6M in FY2024, and $208.8M in FY2025. Gross margin tightened over this span from 26.0% in FY2021 to 19.9% in FY2025. Annual operating margin was -9.4% in FY2025, with net income coming in at -$27.2M and EPS at -$0.89. Over the trailing twelve months, revenue reached $202.1M alongside an operating margin of -9.7% and EPS of -$0.75. However, in the latest quarter ending June 30, 2026, revenue increased 8.4% year-over-year, while quarterly earnings growth jumped 33526.7%.

As of June 30, 2026, Fluent held $6.9M in cash and short-term investments against total debt of $34.6M, leaving net debt at $27.7M. The balance sheet reflects a current ratio of 0.88 and a debt-to-equity ratio of 4.27 on shareholders' equity of $8.1M. Operating cash flow stood at -$1.5M in FY2025, while capital expenditures were limited to $69,000, resulting in free cash flow of -$1.5M. Additionally, the company's share count expanded by 133.6% over five years.

Fluent trades at a forward P/E of 65.4x, which is elevated compared to the 14.1x median of its US-listed Communication Services peers. The stock's price-to-sales multiple is 0.4x, below the peer group median of 0.8x, and its enterprise value-to-revenue stands at 0.7x. The company's price-to-book ratio is 13.5x, with a PEG ratio of 1.81. Over the past year, FLNT gained 23.1%, outperforming the S&P 500's return of 16.8%. However, its 5-year return of -79.9% trails the S&P 500's 83.0% gain.

Wall Street coverage tracked on FLNT consists of 1 Strong Buy and 2 Hold ratings. The mean price target is $5.00, representing an 83.8% premium over the last close of $2.72. For the fiscal year ending December 31, 2026, consensus estimates project an EPS of -$0.35 on revenue of $213.4M. For the following fiscal year, 3 analysts model revenue growing 14.3% to $243.9M and an improved EPS of -$0.03. Over the last four quarters, the company topped EPS estimates once. The next earnings date is November 12, 2026.

This page is an AI-written research summary of Fluent, Inc (FLNT). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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