FLNT · Fluent, Inc.
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
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On September 30, 2026, Fluent, Inc. amended its financing agreement with CSNK Working Capital Finance Corp. d/b/a Bay View Funding, increasing the maximum aggregate advance amount from $30 million to $35 million; advances are secured by substantially all assets.
Read the 8-KMetrics snapshot
Useful current figures from the complete screener profile.
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q2 FY26 earnings call · Aug 10, 2026TL;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.
- + 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
- − 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
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders NeutralIllustrative 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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| 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.
|
$87.24M | +24.6% | -18.0% | — | 0.1% |
|
APP
AppLovin Corp
|
$87.00B | -61.4% | +70.0% | 20.0 | 3.3% |
|
OMC
Omnicom Group Inc.
|
$21.48B | -3.7% | +10.1% | — | 8.9% |
|
TTD
Trade Desk, Inc.
|
$5.92B | -66.4% | +18.5% | 15.0 | 17.7% |
|
WPP
WPP plc
|
$5.51B | +14.9% | — | — | 0.9% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Filed
- Oct 5, 2026
- This year
- 16
On September 30, 2026, Fluent, Inc. amended its financing agreement with CSNK Working Capital Finance Corp. d/b/a Bay View Funding, increasing the maximum aggregate advance amount from $30 million to $35 million; advances are secured by substantially all assets.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| FLNT | +7.6% | -4.6% | +7.9% | -4.6% | +24.6% |
| SPY | -0.1% | +1.3% | +5.6% | +1.3% | +13.3% |
| vs SPY | +7.7% | -5.9% | +2.4% | -5.9% | +11.3% |