Fluent (NASDAQ:FLNT) Issues Quarterly Earnings Results

Posted by George Bondi on Aug 12th, 2026

Fluent (NASDAQ:FLNT – Get Free Report) issued its quarterly earnings results on Monday. The company reported ($0.13) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.02, FiscalAI reports. The business had revenue of $48.45 million for the quarter, compared to analyst estimates of $44.64 million. Fluent had a negative return on equity of 134.07% and a negative net margin of 11.48%.

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

Fluent returned to year-over-year growth, with Q2 revenue up 25% on an aggregate continuing-business basis and 8% on a reported basis; management expects double-digit continuing-business growth for full-year 2026.
Commerce Media Solutions revenue surged 90% year over year to $30.5 million, representing 63% of total revenue, while gross margin improved to 28.9% and adjusted EBITDA loss narrowed to $1.8 million.
The company added major partners including CVS, which went live in Q3, and expects continued expansion through captive retail media networks and partner growth in the second half of the year.
Fluent is launching its in-store Commerce Media offering with Bilt and Beyond brands in late 2026, targeting the much larger physical-retail transaction market; management expects testing in 2026 and material revenue contribution beginning in 2027.
Liquidity remains a concern, with cash declining to $6.9 million from $12.9 million at year-end, while Owned and Operated revenue fell 24% year over year and adjusted EBITDA remained negative.

Fluent Stock Performance

Shares of NASDAQ:FLNT traded down $0.07 during midday trading on Wednesday, reaching $4.05. The company’s stock had a trading volume of 7,244 shares, compared to its average volume of 63,139. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.34. The stock has a fifty day moving average of $3.34 and a 200 day moving average of $3.25. Fluent has a twelve month low of $1.70 and a twelve month high of $4.49. The firm has a market capitalization of $120.64 million, a PE ratio of -5.25 and a beta of 0.76.

Analysts Set New Price Targets

FLNT has been the subject of a number of research analyst reports. Lake Street Capital reaffirmed a “buy” rating and issued a $5.50 price target (up from $5.00) on shares of Fluent in a report on Tuesday. Canaccord Genuity Group set a $4.50 price target on Fluent and gave the stock a “hold” rating in a research report on Tuesday. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $5.00.

Read Our Latest Report on Fluent

Insider Buying and Selling at Fluent

In related news, Director James Geygan acquired 60,183 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was acquired at an average price of $2.75 per share, with a total value of $165,503.25. Following the acquisition, the director directly owned 3,100,838 shares in the company, valued at $8,527,304.50. This represents a 1.98% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Global Value Investment Corp. bought 61,368 shares of the stock in a transaction dated Friday, June 12th. The stock was bought at an average price of $2.75 per share, for a total transaction of $168,762.00. Following the purchase, the insider directly owned 3,151,044 shares of the company’s stock, valued at approximately $8,665,371. The trade was a 1.99% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders have acquired 132,736 shares of company stock valued at $358,260 and have sold 29,120 shares valued at $75,197. 38.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Millennium Management LLC acquired a new stake in shares of Fluent during the 4th quarter worth approximately $84,000. Susquehanna International Group LLP increased its holdings in shares of 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. Finally, Geode Capital Management LLC lifted its stake in shares of Fluent by 44.7% in 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 during the period. 23.33% of the stock is owned by institutional investors and hedge funds.

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.