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Fluent (FLNT) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 13, 2026 · Fluent (FLNT) Q2 2026 earnings results →
Q2 2026 Revenue up 8% year over year to $48.4M · 13¢ of every $1 of revenue lost · operating margin -10.2%
Fluent made $48.4M in Q2 2026 (+8% Y/Y). Operating margin -10.2%, net loss $6.2M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 13, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $48.4M in Q2 2026, up 8% year over year and up 8% from the previous quarter.
Operating costs exceeded revenue by $5.0M, an operating margin of -10.2%. Total costs grew 3% against revenue growth of 8%. The fastest-growing cost line was Research & development (+33%). The quarter ended with a net loss of $6.2M, wider than the previous quarter's $5.4M loss.
Operating cash flow was −$4.8M. Non-cash charges added back $1.7M of depreciation and amortization and $1.8M of share-based compensation. Working capital and other items used $2.2M. Capital expenditures of $31K exceeded it, leaving free cash flow of −$4.8M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 13, 2026 | $48.4M | +8% | -10.2% | −$6.2M | −$4.8M |
| Q1 2026 | 10-Q | May 13, 2026 | $44.9M | -19% | -8.7% | −$5.4M | $5.1M |
| Q4 2025 | 10-K | Mar 31, 2026 | $61.8M | -6% | 0.3% | −$4.1M | $2.8M |
| Q3 2025 | 10-Q | Nov 14, 2025 | $47.0M | -27% | -13.4% | −$7.6M | −$7.3M |
| Q2 2025 | 10-Q | Aug 19, 2025 | $44.7M | -24% | -15.9% | −$7.2M | $935K |
| Q1 2025 | 10-Q | May 16, 2025 | $55.2M | -16% | -12.8% | −$8.3M | $2.1M |
| Q4 2024 | 10-K | Mar 31, 2025 | $65.4M | -10% | -8.3% | −$3.4M | −$2.1M |
Charts
Interactive views
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🔄Rotation against the market and its industry (RRG)interactive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Fluent
This business description should be read in conjunction with our audited consolidated financial statements and accompanying notes thereto appearing elsewhere in this Annual Report on Form 10-K for the year ended December 31, 2025 (the "2025 Form 10-K"), which are incorporated herein by this reference. Fluent, Inc. ("we," "us," "our," "Fluent," or the "Company") is a commerce media solutions provider connecting top-tier brands with highly engaged consumers. Leveraging diverse ad inventory, robust first-party data, and proprietary machine learning, we unlock additional revenue streams for partners and empower advertisers to acquire their most valuable customers at scale. We primarily perform customer acquisition services by operating highly scalable digital marketing campaigns, through which we connect our advertiser clients with targeted consumers.
In its own words, from its 10-K, filed Mar 31, 2026.
Fluent against its Services-Advertising peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +8% against the peers' median +8%. Operating margin: -10.2% against the peers' median -0.8%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| FLNT Fluent | Q2 2026 | $48.4M | +8% | -10.2% |
| CCO Clear Channel Outdoor Holdings | Q2 2026 | $438M | +9% | 20.3% |
| ANGI Angi | Q3 2026 | $242M | -9% | 6.4% |
| THRY Thryv Holdings | Q2 2026 | $151M | -28% | -0.8% |
| IBTA Ibotta | Q3 2026 | $97.8M | +18% | 4.8% |
| MNTN Mntn | Q3 2026 | $80.3M | +15% | 10.9% |
| NCMI National CineMedia | Q2 2026 | $58.4M | +13% | -21.9% |
| TZOO Travelzoo | Q3 2026 | $22.9M | +3% | -11.2% |
| DRCT Direct Digital Holdings | Q2 2026 | $7.8M | -23% | -37.4% |
Source: Fluent 10-Q on SEC EDGAR · CIK 1460329 · Services-Advertising
13F: who owns FLNT and who is buying
More on FLNT
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results