Fluent (NASDAQ:FLNT) Issues Quarterly Earnings Results

Posted by Francis Steltz on May 14th, 2026

Fluent (NASDAQ:FLNT – Get Free Report) announced its quarterly earnings results on Wednesday. The company reported ($0.19) earnings per share for the quarter, beating the consensus estimate of ($0.21) by $0.02, FiscalAI reports. The business had revenue of $44.85 million during the quarter, compared to analysts’ expectations of $48.80 million. Fluent had a negative net margin of 12.22% and a negative return on equity of 121.70%.

Here are the key takeaways from Fluent’s conference call:

Commerce Media Solutions revenue jumped 104% year over year to $25.9 million in Q1, and it now makes up 58% of total company revenue, underscoring the business mix shift the company is targeting.
Management said Q1 revenue was down 19% overall to $44.9 million, but excluding the divested Call Solutions business, revenue was down only 3% as Commerce Media growth offset weakness in Owned and Operated Marketplaces.
The company highlighted continued partner wins, including Wyndham Hotels and Squire, as validation that its Commerce Media platform can expand beyond traditional retail into new verticals like travel and marketplace services.
Adjusted EBITDA was a loss of $3.6 million, slightly worse than last year, but operating expenses fell to $12.3 million and operating cash flow turned positive at $5.1 million, helping reduce net debt to $23.5 million.
Management said it expects double-digit revenue growth on continuing businesses and improved full-year Adjusted EBITDA in 2026, with Q2 revenue expected to be similar to Q1 and margins improving as incentives roll off and Commerce Media scales.

Fluent Trading Up 13.0%

NASDAQ FLNT traded up $0.34 during trading on Thursday, hitting $2.96. The company had a trading volume of 202,851 shares, compared to its average volume of 18,136. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.21. The company’s fifty day moving average is $3.25 and its 200-day moving average is $2.86. The company has a market cap of $88.27 million, a price-to-earnings ratio of -3.40 and a beta of 1.03. Fluent has a one year low of $1.50 and a one year high of $4.15.

Key Headlines Impacting Fluent

Here are the key news stories impacting Fluent this week:

Positive Sentiment: Fluent said Commerce Media Solutions reached an annual revenue run rate above $110 million, signaling continued growth in its core business. Article Title
Positive Sentiment: Management said Commerce Media gross margin is expected to return to the mid-20% range in 2026, which suggests improving profitability as the business mix expands beyond retail. Article Title
Neutral Sentiment: Q1 adjusted results were mixed: Fluent posted a loss of $0.19 per share, better than estimates, but revenue of $44.85 million missed expectations. Article Title
Neutral Sentiment: Investors are also digesting the company’s earnings call transcript and conference call commentary for signs of execution and guidance, though the major market-moving details are centered on the earnings release. Article Title
Negative Sentiment: The quarter was not perfect, as revenue fell short of analyst estimates and Fluent continues to report negative margins, which may limit upside if growth does not accelerate. Article Title

Analyst Ratings Changes

FLNT has been the subject of several research reports. Canaccord Genuity Group upped their price objective on shares of Fluent from $2.50 to $3.50 and gave the stock a “hold” rating in a report on Tuesday, March 10th. Lake Street Capital initiated coverage on shares of Fluent in a report on Thursday, April 23rd. They issued a “buy” rating and a $5.00 price objective for the company. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Fluent presently has a consensus rating of “Moderate Buy” and an average price target of $4.25.

Get Our Latest Stock Report on Fluent

Insider Activity

In other Fluent news, Director James Geygan purchased 65,148 shares of the firm’s stock in a transaction that occurred on Friday, March 13th. The stock was bought at an average cost of $3.47 per share, for a total transaction of $226,063.56. Following the purchase, the director directly owned 3,040,655 shares in the company, valued at $10,551,072.85. The trade was a 2.19% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Global Value Investment Corp. purchased 65,148 shares of the firm’s stock in a transaction that occurred on Friday, March 13th. The stock was acquired at an average price of $3.47 per share, with a total value of $226,063.56. Following the completion of the purchase, the insider owned 3,089,676 shares in the company, valued at $10,721,175.72. This represents a 2.15% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders purchased 164,835 shares of company stock valued at $572,666. 38.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Millennium Management LLC bought a new position in shares of Fluent in the 4th quarter worth about $84,000. Geode Capital Management LLC increased its stake in Fluent by 44.7% during the 4th quarter. Geode Capital Management LLC now owns 144,713 shares of the company’s stock valued at $347,000 after purchasing an additional 44,684 shares in the last quarter. Finally, Susquehanna International Group LLP increased its stake in Fluent by 65.3% during the 3rd quarter. Susquehanna International Group LLP now owns 39,947 shares of the company’s stock valued at $89,000 after purchasing an additional 15,777 shares in the last quarter. 23.33% of the stock is currently owned by institutional investors.

Fluent Company Profile

(Get Free Report)

Fluent, Inc is a performance marketing and customer acquisition platform that helps consumer brands drive leads and sales through data-driven digital campaigns. The company specializes in direct-response marketing, executing campaigns across multiple channels including email, display, paid search, social media and native advertising. By focusing on measurable outcomes such as cost per acquisition and return on ad spend, Fluent tailors solutions to meet the specific objectives of its clients.

The company’s proprietary technology leverages first-party data sourced from its network of consumer-facing digital properties and programmatic partnerships.