Filing Flows

Filing Flows › Companies › Fluent › Cash flow

Fluent cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$4.8M in Q2 2026 · −$4.3M over twelve months

Operating cash flow−$4.8M
Capital spending−$31K
Free cash flow−$4.8M
Cash conversion cycle23 days

Analysis

In Q2 2026, Fluent generated −$4.8M of operating cash flow and spent $31K on capital projects, leaving free cash flow of −$4.8M. That is $5.7M less than in Q2 2025 ($904K).

Over the twelve months to Jun 30, 2026, operating cash flow was −$4.2M; the largest uses were other financing ($174M), other investing ($6.0M), operating cash flow ($4.2M); besides operations, cash came from net borrowing (+) / repaid (−) ($185M); the cash balance rose by $275K.

Operating cash flow was −$4.8M against net income of −$6.2M. The largest differences: receivables −$7.7M, accrued liabilities +$2.8M, stock-based pay +$1.8M.

Its cash conversion cycle was 23 days (receivables 44 + inventory 0 − payables 21).

Free cash flow

Fluent: free cash flow by quarterFluent: free cash flow by quarter$1.2MQ3 2024−$2.2MQ4 2024$2.1MQ1 2025$904KQ2 2025−$7.3MQ3 2025$2.8MQ4 2025$5.1MQ1 2026−$4.8MQ2 2026
Operating cash flow less capital spending.
Fluent: operating cash flow against capital spendingFluent: operating cash flow against capital spendingOperating cash flowCapital spending$1.2M$1KQ3 2024−$2.1M$12KQ4 2024$2.1M$0Q1 2025$935K$31KQ2 2025−$7.3M$17KQ3 2025$2.8M$21KQ4 2025$5.1M$57KQ1 2026−$4.8M$31KQ2 2026
Latest (Q2 2026): Operating cash flow −$4.8M, Capital spending $31K.

Capital allocation, year by year

Fluent: where the cash came from (up) and went (down), by fiscal yearFluent: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingAcquisitionsFY2021: Operating cash flow $12.4MFY2021: Net borrowing $2.9MFY2021: Shares issued $1.1MFY2021: Capital spending −$36K$16.4MFY2021FY2022: Operating cash flow $2.0MFY2022: Net borrowing −$5.0MFY2022: Capital spending −$17KFY2022: Acquisitions −$1.0M$2.0MFY2022FY2023: Operating cash flow $8.1MFY2023: Net borrowing −$10.0MFY2023: Capital spending −$25KFY2023: Acquisitions −$1.2M$8.1MFY2023FY2024: Operating cash flow −$14.1MFY2024: Net borrowing −$2.8MFY2024: Capital spending −$13KFY2024FY2025: Operating cash flow −$1.5MFY2025: Net borrowing −$6.4MFY2025: Capital spending −$69KFY2025
Over these 5 years operating cash flow totalled $7.0M; the largest uses were net borrowing ($24.2M) and operating cash flow ($15.6M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$6.9M
Debt$31.9M
Net debt$25.0M
Due within a year$31.8M
Cash runway19 months

Fluent is burning cash: its operations consume cash, a free cash flow of −$4.3M a year at the current rate against $6.9M of cash and investments: a runway of about 19 months; $31.8M of debt also comes due within a year, which would need refinancing or new money before any new financing.

Fluent: debt maturities by year (FY2025)Fluent: debt maturities by year (FY2025)$31.8MYear 1$2.4MYear 4
Principal due in each year as disclosed in the annual report, against $6.9M of cash and investments now.

Where the cash came from and went

Fluent: sources (+) and uses (−) of cash, Q2 2026Fluent: sources (+) and uses (−) of cash, Q2 2026Operating cash flow−$4.8MCash drawn (+) / kept (−)$3.4MNet borrowing (+) / repaid (−)$2.9MOther investing−$1.5MCapital spending−$31K
Fluent: sources (+) and uses (−) of cash, TTM to Q2 2026Fluent: sources (+) and uses (−) of cash, TTM to Q2 2026Net borrowing (+) / repaid (−)$185MOther financing−$174MOther investing−$6.0MOperating cash flow−$4.2MCash drawn (+) / kept (−)−$275KCapital spending−$126K

From profit to cash

Fluent: net income to operating cash flow, Q2 2026Fluent: net income to operating cash flow, Q2 2026Net income−$6.2MDepreciation & amortization$1.7MStock-based pay$1.8MReceivables−$7.7MPayables$746KAccrued liabilities$2.8MDeferred revenue−$23KPrepaid and other assets$1.0MOperating cash flow−$4.8M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q2 202644—2123
Q1 202649—1930
Q4 202545—1827
Q3 202562—2339
Q2 202569—2347
Q1 202551—1834
Q4 202455—1540
Q3 202477—1562

Every quarter

QuarterOperating cash flowCapital spendingNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q2 2026−$4.8M−$31K$2.9M$3.4M−$4.8M
Q1 2026$5.1M−$57K−$6.3M$2.6M$5.1M
Q4 2025$2.8M−$21K$3.3M−$3.7M$2.8M
Q3 2025−$7.3M−$17K$2.3M−$2.6M−$7.3M
Q2 2025$935K−$31K−$2.0M−$1.2M$904K
Q1 2025$2.1M—−$10.0M$4.6M$2.1M
Q4 2024−$2.1M−$12K−$1.2M−$2.9M−$2.2M
Q3 2024$1.2M−$1K−$39K−$1.4M$1.2M

Fluent: income statement and cash flow

Fluent, Q2 2026: revenue $48.4M (+8% year over year), operating margin -10.2%. The chart follows the revenue to costs, profit and cash.

Fluent: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.