Fluent, Inc.
FLNTNasdaqIndustrials · Services-Advertising · DE · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $208.8M | $254.6M | $298.4M | $361.1M | $329.3M | $310.7M |
| Operating income | −$20.3M | −$23.7M | −$60.1M | −$119.6M | −$4.7M | $8.4M |
| Net income | −$27.2M | −$29.3M | −$63.2M | −$123.3M | −$10.1M | $2.2M |
| Total assets | $89.1M | $93.6M | $111.9M | $184.0M | $318.2M | $310.2M |
| Total liabilities | $70.9M | $68.7M | $77.5M | $90.0M | $104.8M | $93.3M |
| Equity | $18.2M | $25.0M | $34.4M | $94.0M | $213.4M | $216.9M |
| EPS (diluted) | $-1.05 | $-1.80 | $-4.59 | $-1.51 | $-0.13 | $0.03 |
| Shares out. | 20.6M | 81.6M | 80.3M | 79.3M | 81.6M | 75.9M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- −9.7%
- Net margin
- −13.0%
- Return on equity
- −149.2%
- Return on assets
- −30.5%
- Return on capital (ROCE)
- −84.3%
- Liabilities / assets
- 79.6%
- Debt / equity
- 3.89×
- Book value / share
- $0.88
- Revenue growth (YoY)
- −18.0%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- -17.10distress
- Accruals / assets
- −28.8%clean
- Piotroski F-Score
- 4/9mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →
Signs
● 2 severe● 5 warning● 1 good- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- Revenue declined year-over-year
- High leverage (liabilities > 70% of assets)
- Negative operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗Aug 15, 2025
- NT 10-Qmissed a reporting deadline ↗May 16, 2025
- NT 10-Qmissed a reporting deadline ↗Nov 15, 2024
- NT 10-Qmissed a reporting deadline ↗Aug 15, 2024
- NT 10-Kmissed a reporting deadline ↗Apr 2, 2024
- NT 10-Qmissed a reporting deadline ↗Nov 15, 2023
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Jb Capital Partners LpPassive (13G)Feb 9, 2026
- Frost Phillip Md Et AlActivist (13D)Jan 28, 2026
- Bleichroeder LpPassive (13G)Nov 14, 2025
- Tieton Capital Management, LlcPassive (13G)Nov 12, 2025
- Conlin MatthewActivist (13D)Jun 20, 2025
- Schulke RyanActivist (13D)Jun 20, 2025
- Global Value Investment Corp.Activist (13D)Jan 22, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 59,407 | 1.6 | -0.1% |
| Apr 30, 2026 | 59,496 | 4.2 | -23.4% |
| Apr 15, 2026 | 77,677 | 3.4 | +10.1% |
| Mar 31, 2026 | 70,565 | 1.2 | +8.4% |
| Mar 13, 2026 | 65,094 | 1.4 | -24.0% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Results of operationsMay 13, 2026
- Results of operationsMar 9, 2026
- Entered a material agreementFeb 5, 2026
- Entered a material agreementDec 31, 2025
- Entered a material agreement · Terminated a material agreement · New financial obligationDec 2, 2025
- Results of operationsNov 13, 2025
- Director / officer changeSep 24, 2025
- Results of operationsAug 19, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 4FORM 4May 27, 2026
- 4FORM 4May 27, 2026
- 10-QFORM 10-QMay 13, 2026
- 8-KFORM 8-KMay 13, 2026
- DEF 14AFORM DEF 14AMay 7, 2026
- ARSFORM ARSMay 7, 2026
- DEF 14AFORM DEF 14AMay 6, 2026
- 10-K/AFORM 10-K/AApr 30, 2026
- PRE 14AFORM PRE 14AApr 22, 2026
- 10-KFORM 10-KMar 31, 2026
- 4Mar 16, 2026
- 4Mar 16, 2026
- 8-KFORM 8-KMar 9, 2026
- SCHEDULE 13G/AFeb 9, 2026
- 8-KFORM 8-KFeb 5, 2026
Corporate family
Spin-offs from Fluent, Inc. (1)
- Red Violet, Inc.RDVTcompletedMar 25, 2018details
From the spin-off filings we track. Follow a company to walk its own history.
Event-driven situations (3)
Spot an error in this record? Report it. Every correction is verified against the source filing before we change anything.