Fluent (NASDAQ:FLNT) Posts Earnings Results, Beats Expectations By $0.02 EPS

Fluent (NASDAQ:FLNT) announced its earnings results on Monday. The company reported ($0.13) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.02, FiscalAI reports. The company had revenue of $48.45 million during the quarter, compared to analyst estimates of $44.64 million. Fluent had a negative net margin of 12.22% and a negative return on equity of 132.41%.

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 Price Performance

Shares of NASDAQ:FLNT opened at $4.27 on Tuesday. 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 market cap of $127.33 million, a PE ratio of -4.91 and a beta of 0.76. The company’s fifty day moving average is $3.31 and its 200 day moving average is $3.25. Fluent has a 52 week low of $1.70 and a 52 week high of $4.36.

Insider Buying and Selling at Fluent

In related news, Director James Geygan bought 60,183 shares of the stock in a transaction dated Friday, June 12th. The stock was bought at an average price of $2.75 per share, with a total value of $165,503.25. Following the purchase, the director owned 3,100,838 shares in the company, valued at approximately $8,527,304.50. The trade was a 1.98% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Donald Huntley Patrick sold 19,230 shares of the stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $2.58, for a total value of $49,613.40. Following the sale, the chief executive officer owned 312,455 shares of the company’s stock, valued at $806,133.90. This represents a 5.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders acquired 132,736 shares of company stock worth $358,260 and sold 29,120 shares worth $75,197. Company insiders own 38.40% of the company’s stock.

Institutional Trading of Fluent

Several hedge funds and other institutional investors have recently bought and sold shares of FLNT. Susquehanna International Group LLP boosted its stake in shares of Fluent by 65.3% during the third 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 during the period. Millennium Management LLC purchased a new position in shares of Fluent in the fourth quarter worth $84,000. Finally, Geode Capital Management LLC raised its holdings 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 buying an additional 44,684 shares during the last quarter. Institutional investors own 23.33% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Lake Street Capital started coverage on Fluent in a research report on Thursday, April 23rd. They set a “buy” rating and a $5.00 price target on the stock. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $4.25.

Fluent Company Profile

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.