FLNT · Fluent, Inc.
$2.98
-0.14 (-4.49%)
At close · Oct 2
Return incl. dividend (before tax)
Going-concern doubt
— flagged Aug 13, 2026
Substantial doubt about the company's ability to continue as a going concern.
“Although management believes its current plans will be sufficient and that the Company will maintain access to the Bay View facility, there is no guarantee such plans will be successful or have the expected benefit. As such, management has concluded that there is substantial doubt about the Company's ability to continue as a going concern for one year after the date of issuance of this Quarterly Report on Form 10-Q.”View the 10-Q filed Aug 13, 2026
Market Cap
$99.88M
Shares
31.61M
Volume · Oct 2
37.88K
Avg daily vol (3M)
30.91K
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$2.98
Open$3.08
Day$2.76–3.16
52W close$1.72–4.27
Avg vol 30d38K
Short int42K · 0.1% float · 1.0d
Short vol40%
Last earningsAug 10, 2026
DataJan 2020–Oct 2026
Filing10-Q · Aug 13
Up next
Next earnings call
Nov 6, 2026
Est · unconfirmed
· in 5 wks
filed Aug 13, 2026
call held Aug 10, 2026
Metrics snapshot
Useful current figures from the complete screener profile.
Revenue (TTM)
—
Trailing 12 months
Net income (TTM)
—
Trailing 12 months
Revenue growth YoY
—
Year over year
Operating margin
—
Trailing 12 months
P / E (TTM)
—
Trailing earnings
FCF yield
—
TTM · current market cap
Return on invested capital
—
Trailing 12 months
Net cash
—
Latest balance sheet
Dividend yield
—
Trailing 12 months
Shares change YoY
—
Year over year · more shares
Price change (1Y)
+34.2%
Trailing year
Short interest
0.1%
Latest settlement · 1.0 days to cover
AI Brief
Q2 FY26 earnings call · Aug 10, 2026
Q2 FY26
TL;DR. Fluent returned to year-over-year consolidated revenue growth in Q2 2026 (+8% reported, +25% on aggregate continuing businesses) driven by Commerce Media Solutions revenue up 90% to $30.5 million, with gross margin expanding to 29%, and management reaffirmed full-year 2026 guidance for double-digit continuing-business revenue growth and improved adjusted EBITDA.
Bullish
- + Returned to year-over-year consolidated revenue growth with aggregate continuing-business revenue up 25%
- + Commerce Media Solutions revenue grew 90% to $30.5 million and now represents 63% of consolidated revenue with a $125M+ annual run rate
- + Gross profit grew 36% and gross margin expanded to 29% from 23%, a 650 bps sequential improvement
- + Adjusted EBITDA loss narrowed to $1.8 million from $2.8 million in Q2 2025, with positive Q4 adjusted EBITDA expected
- + Added CVS as a new tier-one commerce media partner and launched new in-store commerce media offering with BILT
Bearish
- − Reported net loss of $6.2 million with going-concern risk disclosed
- − First-half 2026 consolidated revenue still down 7% versus H1 2025 with cash declining to $6.9 million
- − In-store commerce media offering expected to contribute no meaningful revenue in 2026 with material impact deferred to 2027
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceOverall
Sell
SellHoldBuy
Technical
Sell
Momentum
Weak
Sentiment
Neutral
Fundamentals
Weak
Quant / Vol
Very High
Market backdrop
VIX 15.3 · calm
Equity put/call 0.58
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
−8%
below
Price vs 50-day avg
−16%
below
RSI (14)
35
neutral
MACD trend
Negative
52-week position
49%
mid-range
Momentum
relative strength
1-month return
−2%
trailing
6-month return
−4%
trailing
YTD return
+24%
this year
Relative strength
−16%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $4 › 200d $3 — 50d above 200d
Institutional flow
Distributing
-6% holders QoQ · +3 funds added
Insider flow
Accumulating
Net +$2.6K over 90 days · 50% sells
Short interest
Falling
0.13% of float · ▼ -29.5% MoM · 1.0 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Steady
29 holders — mid 3-yr range
Squeeze score
18
low risk · 0–100
Fundamentals
Revenue growth
−18%
Y/Y
Gross margin
25%
expanding
EPS growth
+42%
Y/Y
Free cash flow
$-1.5M
Balance sheet
$21.6M
net debt
Quant / Vol
risk profile
Volatility
76%
annualized · 1-yr
Max drawdown
−49%
past year
ATR
7.9%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Latest guidance
· from the Earnings Call filed Jan 15, 2021
Adjusted EBITDA margin
· Q1
Non-GAAP
7% – 8%
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Sell
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
−8%
Bearish
Price vs 50-day avg
−16%
Bearish
RSI (14)
35
Neutral
MACD trend
Negative
Bearish
52-week position
49%
Neutral
Market signals — smart money & positioning
Bullish · 2 of 6
Trend (MA cross)
No cross
50d $4 › 200d $3 — 50d above 200d
Institutional flow
Distributing
-6% holders QoQ · +3 funds added
Insider flow
Accumulating
Net +$2.6K over 90 days · 50% sells
Short interest
Falling
0.13% of float · ▼ -29.5% MoM · 1.0 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Steady
29 holders — mid 3-yr range
Price context
position in its 52-week range
Range low $2
Now $3 · 49%
Range high $4
vs 200-day avg -8%
vs 50-day avg -16%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted net loss per share - Basic non-GAAP | -$0.13 | the three months ended June 30, 2026 filing | — |
| Adjusted net loss per share - Diluted non-GAAP | -$0.13 | the three months ended June 30, 2026 filing | — |
| Media margin % of revenue non-GAAP | 36.1% | the three months ended June 30, 2026 filing | — |
| Adjusted EBITDA non-GAAP | $5.4M | H1 2026 | — |
| Adjusted net loss per share non-GAAP | $0.32 | H1 2026 | — |
| Aggregate revenue from the continuing businesses growth | 25% | Q2 2026 | — |
| Commerce Media Solutions annual revenue run rate | $125M | Q2 2026 | — |
| Commerce Media Solutions media margin non-GAAP | $18.2M | H1 2026 | — |
| Commerce Media Solutions revenue | $56.4M | H1 2026 | — |
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|
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| Media margin non-GAAP | $31.5M | H1 2026 | — |
| Owned and Operated revenue | $16.3M | Q2 2026 | -23.8% |
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Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Advertising Agencies — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
FLNT
this stock
Fluent, Inc.
|
$99.88M | +24.2% | -18.0% | — | 0.1% |
|
APP
AppLovin Corp
|
$102.76B | -60.2% | +70.0% | 23.6 | 3.3% |
|
OMC
Omnicom Group Inc.
|
$21.70B | -8.2% | +10.1% | — | 9.1% |
|
TTD
Trade Desk, Inc.
|
$5.92B | -68.5% | +18.5% | 15.0 | 18.8% |
|
WPP
WPP plc
|
$5.61B | +9.8% | — | — | 0.8% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Smart Money
Financials
Filings
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| FLNT | -5.7% | -2.0% | -3.6% | -4.9% | +24.2% |
| SPY | -0.2% | -0.5% | +12.2% | +0.9% | +12.9% |
| vs SPY | -5.5% | -1.5% | -15.7% | -5.9% | +11.3% |