Fluent Inc. Common Stock (FLNT)

FairStock Score: 16/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

At the 2026-10-13 close, Fluent trades for $2.69, giving an $85.0M market value. The company sells digital marketing and customer acquisition, a business with few visible barriers to entry. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $48.4M and net loss was $6.2M. That compared with fiscal Q2 2025, the quarter ended 2025-06-30, when revenue was $44.7M and net loss was $7.2M — a modest year-over-year improvement. But the annual picture is weak: fiscal year 2025, ended 2025-12-31, revenue was $208.8M and net loss $27.2M, versus fiscal year 2024 revenue of $254.6M and net loss of $29.3M, and fiscal year 2023 net loss of $63.2M. Revenue is shrinking while losses persist. The Lynch category is none, because the company lost money in each of the last four years. FairStock calculations at the 2026-10-13 close show P/E -3.64, P/B 10.35, ROE -170.46%, ROCE -13.00%, FCF yield -12.5%, Piotroski 3/9, Altman Z -7.30, and a FairStock score of 16/100. Free cash flow is negative $10.6M. D/E is 4.27. That is not a margin-of-safety balance sheet. The latest quarter offers a faint sign of stabilization, but I see no durable moat and no proven earning power. A price above book value with negative cash generation is speculative unless the turnaround becomes real. I would need evidence of sustained revenue growth and positive free cash flow before calling this a Graham-style bargain.

In plain English: Fluent helps advertisers find customers through digital marketing campaigns. The business has been losing money for years and is burning cash, so it looks weak. At $2.69 a share, the stock looks expensive based on those losses and weak cash generation, even though it is near the low end of its 52-week range.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer