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Fluent, Inc. provides digital marketing services in the United States and internationally. The company offers customer acquisition services by operating digital marketing campaigns, through which the company connects its advertiser clients with consumers. It also provides performance campaigns, such as a trial subscription of a good or service, the submission of a registration form, and the installation of a mobile app; consumer data directly via direct mail, email, telephone, messaging, and other channels; programmatic data offerings; call solutions marketplace; and social media campaigns through Adparlor. It serves consumer brands; direct marketers; and agencies across a wide range of industries, such as media and entertainment, financial products and services, health and life sciences, retail and consumer, and staffing and recruitment. Fluent, Inc. was founded in 2010 and is headquartered in New York, New York.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Fluent, Inc. is a U.S.-listed digital performance marketing company that provides consumer acquisition, lead generation and data-driven advertising services for e-commerce, subscription and financial services clients. Its long-term growth drivers include continued migration of ad budgets to digital channels, monetization of owned consumer data and scaling of programmatic and direct-response campaign capabilities, which may benefit revenue diversification and recurring client relationships. The principal risk is sensitivity to advertiser spend cycles, intense competition from large ad platforms and evolving digital privacy regulations that could reduce targeting effectiveness.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | -27.17M | -31.09M | -63.33M | -121.56M | -9.81M |
| Net income | -27.17M | -29.28M | -63.22M | -123.33M | -10.06M |
| Selling general administrative | 34.70M | 37.70M | 52.73M | 53.47M | 48.20M |
| Selling and marketing expenses | 14.49M | 17.32M | 1.78M | 17.12M | 12.68M |
| Gross profit | 41.49M | 60.80M | 78.52M | 93.65M | 85.53M |
| Reconciled depreciation | 9.75M | 9.93M | 11.29M | 13.21M | 13.17M |
| Ebit | -19.55M | -26.34M | -60.13M | -8.32M | -4.31M |
| Ebitda | -9.80M | -16.41M | -49.25M | 4.90M | 8.86M |
| Depreciation and amortization | 9.75M | 9.93M | 10.88M | 13.21M | 13.17M |
| Non operating income net other | - | - | - | - | -2.96M |
| Operating income | -19.55M | -23.66M | -60.13M | -8.32M | -4.31M |
| Other operating expenses | 228.31M | 278.28M | 358.53M | 369.45M | 333.56M |
| Interest expense | 3.07M | 4.75M | 3.20M | 1.97M | 2.18M |
| Tax provision | -0.00M | -1.81M | 0.21M | 1.78M | 0.25M |
| Net interest income | -3.07M | -4.75M | -3.05M | -1.97M | -2.18M |
| Non recurring | - | - | - | 111.27M | 0.35M |
| Income tax expense | -0.00M | -1.81M | -0.12M | 1.78M | 0.25M |
| Total revenue | 208.76M | 254.62M | 298.40M | 361.13M | 329.25M |
| Total operating expenses | 61.04M | 84.46M | 138.65M | 101.96M | 89.84M |
| Cost of revenue | 167.28M | 193.82M | 219.88M | 267.49M | 243.72M |
| Total other income expense net | -7.62M | -7.43M | -3.20M | -113.24M | -5.50M |
| Net income from continuing ops | -27.17M | -29.28M | -128.81M | -123.33M | -10.06M |
| Net income applicable to common shares | - | - | - | -123.33M | -10.06M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 89.13M | 93.62M | 111.87M | 183.97M | 318.18M |
| Intangible assets | 17.28M | 21.80M | 26.81M | 28.75M | 35.75M |
| Other current assets | 7.80M | 9.98M | 6.07M | 3.51M | 2.50M |
| Total liab | 70.92M | 68.66M | 77.46M | 90.01M | 104.77M |
| Total stockholder equity | 18.21M | 24.95M | 34.40M | 93.95M | 213.41M |
| Other current liab | 25.16M | 21.91M | 30.53M | 35.63M | 33.93M |
| Common stock | 0.05M | 0.05M | 0.04M | 0.04M | 0.04M |
| Capital stock | 0.05M | 0.05M | 0.04M | 0.04M | 0.04M |
| Retained earnings | -437.96M | -410.80M | -381.52M | -318.30M | -194.97M |
| Other liab | - | - | - | 0.18M | 0.39M |
| Good will | - | 0.00M | 1.26M | 55.11M | 165.09M |
| Other assets | - | - | - | 1.73M | -0.00M |
| Cash | 12.94M | 9.44M | 15.80M | 25.55M | 34.47M |
| Total current liabilities | 65.03M | 64.68M | 49.21M | 50.22M | 57.94M |
| Current deferred revenue | 0.72M | 0.56M | 0.43M | 1.01M | 0.65M |
| Net debt | 24.73M | 27.98M | 18.68M | 21.18M | 18.78M |
| Short term debt | 31.95M | 33.45M | 7.30M | 7.39M | 7.23M |
| Short long term debt | 30.85M | 31.61M | 5.00M | 5.00M | 5.00M |
| Short long term debt total | 37.67M | 37.42M | 34.48M | 46.73M | 53.25M |
| Other stockholder equity | 456.12M | 435.70M | 415.88M | 412.21M | 408.34M |
| Property plant equipment | - | - | - | 0.96M | 1.46M |
| Total current assets | 67.47M | 65.95M | 78.41M | 92.22M | 107.20M |
| Net tangible assets | - | - | - | 10.10M | 12.57M |
| Net receivables | 46.73M | 46.53M | 56.53M | 63.16M | 70.23M |
| Long term debt | 3.73M | 3.97M | 25.49M | 35.59M | 40.33M |
| Accounts payable | 7.20M | 8.78M | 10.95M | 6.19M | 16.13M |
| Common stock total equity | - | - | - | 0.04M | 0.04M |
| Retained earnings total equity | - | - | - | -318.30M | -194.97M |
| Treasury stock | - | - | - | -11.17M | -10.72M |
| Non currrent assets other | 0.71M | 3.99M | 1.41M | 1.73M | 1.89M |
| Non current assets total | 21.66M | 27.66M | 33.46M | 91.75M | 210.98M |
| Capital lease obligations | 3.09M | 1.84M | 4.00M | 6.13M | 7.92M |
| Long term debt total | - | - | - | - | 40.33M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | - | -6.21M | -6.51M | -5.44M | -2.99M |
| Change to liabilities | - | - | - | -9.46M | 7.80M |
| Total cashflows from investing activities | -6.37M | -6.21M | -7.11M | -5.44M | -2.99M |
| Net borrowings | -6.39M | -0.74M | -10.00M | -5.00M | 2.12M |
| Total cash from financing activities | 10.79M | 15.21M | -10.77M | -5.45M | 2.47M |
| Change to operating activities | - | - | - | -0.59M | -1.37M |
| Net income | -27.17M | -29.28M | -63.22M | -123.33M | -10.06M |
| Change in cash | 2.95M | -5.11M | -9.74M | -8.92M | 11.90M |
| Begin period cash flow | 10.69M | 15.80M | 25.55M | 34.47M | 22.57M |
| End period cash flow | 13.64M | 10.69M | 15.80M | 25.55M | 34.47M |
| Total cash from operating activities | -1.47M | -14.10M | 8.14M | 1.96M | 12.42M |
| Issuance of capital stock | 0.00M | 5.75M | 0.00M | 0.00M | 0.14M |
| Depreciation | 9.75M | 9.93M | 10.88M | 13.21M | 13.17M |
| Other cashflows from investing activities | -6.37M | -6.20M | -5.84M | -5.42M | -2.96M |
| Change to inventory | - | - | - | - | -1.03M |
| Change to account receivables | -0.26M | 9.47M | 6.51M | 6.62M | -7.65M |
| Sale purchase of stock | - | - | - | - | 1.07M |
| Other cashflows from financing activities | 10.79M | 10.19M | -0.77M | -0.45M | 49.83M |
| Change to netincome | - | - | - | 115.46M | 5.25M |
| Capital expenditures | 0.07M | 6.21M | 5.86M | 4.40M | 2.99M |
| Change receivables | - | - | - | 6.62M | -7.65M |
| Cash flows other operating | - | - | - | -0.54M | 3.91M |
| Cash and cash equivalents changes | - | - | - | -8.92M | 11.90M |
| Change in working capital | 7.60M | -2.89M | 0.91M | -3.77M | -1.30M |
| Stock based compensation | 2.25M | 1.97M | 3.76M | 4.09M | 4.76M |
| Other non cash items | 5.96M | 6.44M | 55.95M | 111.99M | 5.66M |
| Free cash flow | -1.54M | -20.32M | 2.27M | -2.44M | 9.43M |
Sector: Communication Services Industry: Advertising Agencies
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| FLNT Fluent Inc |
-0.26 6.88% |
3.46 | - | 65.36 | 0.52 | 13.26 | 0.67 | -3.92 |
| APP Applovin Corp |
9.26 2.34% |
404.77 | 49.00 | 31.75 | 30.27 | 77.57 | 30.41 | 38.27 |
| PGPEF Publicis Groupe S.A |
5.40 4.93% |
115.00 | 15.93 | 11.57 | 1.55 | 2.24 | 1.76 | 9.39 |
| PUBGY Publicis Groupe SA |
-0.06 0.21% |
29.08 | 16.35 | 11.74 | 1.57 | 2.27 | 1.76 | 9.39 |
| OMC Omnicom Group Inc |
0.04 0.04% |
88.88 | 12.68 | 11.89 | 1.17 | 5.11 | 1.58 | 9.50 |
Fluent, Inc. provides digital marketing services in the United States and internationally. The company offers customer acquisition services by operating digital marketing campaigns, through which the company connects its advertiser clients with consumers. It also provides performance campaigns, such as a trial subscription of a good or service, the submission of a registration form, and the installation of a mobile app; consumer data directly via direct mail, email, telephone, messaging, and other channels; programmatic data offerings; call solutions marketplace; and social media campaigns through Adparlor. It serves consumer brands; direct marketers; and agencies across a wide range of industries, such as media and entertainment, financial products and services, health and life sciences, retail and consumer, and staffing and recruitment. Fluent, Inc. was founded in 2010 and is headquartered in New York, New York.
| Name | Title | Year Born |
|---|---|---|
| Mr. Ryan Schulke | Co-Founder, Chairman & Chief Strategy Officer | 1983 |
| Mr. Donald Huntley Patrick | Chief Exec. Officer | 1961 |
| Mr. Matthew Conlin | Co-Founder, Chief Customer Officer & Director | 1984 |
| Ms. Sugandha Khandelwal | Chief Financial Officer | 1981 |
| Mr. Dan Hall | Chief Technology Officer | NA |
| Mr. Daniel J. Barsky | Gen. Counsel & Corp. Sec. | 1956 |
| Ms. Jessica Batty | Sr. VP of Marketing | NA |
| Mr. Patrick Sweeney | VP of People | NA |
| Mr. Sean Cullen | Exec. VP of Product | NA |
| Mr. Brian J. Hogan | Exec. VP & GM of Data Solutions | NA |
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