Filing Flows › Fluent (FLNT) › Q1 2026 › vs Q1 2025
Fluent (FLNT) Q1 2026 vs Q1 2025 (year over year)
Fluent's revenue fell $10.4M (-19%) from $55.2M in Q1 2025 to $44.9M in Q1 2026. The biggest changes: Owned and Operated −$15.3M (-49%); Commerce Media Solutions +$13.2M (+104%); Call Solutions −$8.9M (-88%).
Fluent, Q1 2026: revenue $44.9M (-19% year over year), operating margin -8.7%, net loss $5.4M, operating cash flow $5.1M. The chart draws each line against Q1 2025, the increases inside each band.
Margins
| Q1 2026 | Q1 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 11.3% | 3.8% | +7.4 pts |
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Commerce Media Solutions | $25.9M | $12.7M | $13.2M | +104% |
| Owned and Operated | $15.7M | $31.1M | −$15.3M | -49% |
| AdParlor | $2.0M | $1.4M | $630K | +45% |
| Call Solutions | $1.2M | $10.1M | −$8.9M | -88% |
| Revenue | $44.9M | $55.2M | −$10.4M | -19% |
| Net loss | $5.4M | $8.3M | −$2.9M | -35% |
| Costs & expenses | $50.2M | $63.5M | −$13.3M | -21% |
| Operating costs | $48.8M | $62.3M | −$13.5M | -22% |
| Interest & other, net | $1.4M | $960K | $482K | +50% |
| Income tax | $3K | $233K | −$230K | -99% |
| Cost of revenue | $34.8M | $43.8M | −$9.0M | -20% |
| Research & development | $2.8M | $3.4M | −$577K | -17% |
| Sales & marketing | $3.7M | $4.1M | −$346K | -9% |
| General & admin | $5.7M | $8.6M | −$2.9M | -33% |
| Other operating costs | $1.7M | $2.5M | −$766K | -31% |
| Operating cash sources | $10.5M | $10.4M | $85K | +0.8% |
| Depreciation & amortization | $1.7M | $2.5M | −$780K | -32% |
| Share-based compensation | $954K | $335K | $619K | +185% |
| Working capital & other | $7.8M | $7.6M | $246K | +3% |
| Net loss absorbed | $5.4M | $8.3M | −$2.9M | -35% |
| Operating cash flow | $5.1M | $2.1M | $3.0M | +142% |
| Free cash flow (OCF − capex) | $5.1M | $2.1M | $2.9M | +139% |
| Capital expenditures | $57K | $0 | $57K | — |
Questions
How much did Fluent's revenue grow year over year in Q1 2026?
Fluent's revenue fell $10.4M (-19%) from $55.2M in Q1 2025 to $44.9M in Q1 2026.
What drove Fluent's revenue change in Q1 2026?
Owned and Operated −$15.3M (-49%); Commerce Media Solutions +$13.2M (+104%); Call Solutions −$8.9M (-88%).