Knowstox

Fundamentals snapshot

Fluent, Inc.

FLNT · NCM · Communication Services · Advertising Agencies

Current price

$2.85

52-week range

$1.70 - $4.49

Market cap

$90.24M

One-glance verdict

Undervalued

$12.13 our estimate vs market $2.85

Wall Street consensus: $5.00 (-58.8% lower than our fair-value estimate)

Balance sheet

Distressed

-5.51x Concerning

Net debt $27.72M. Interest coverage shows how many times profit covers the interest bill.

What this company does

Fluent, Inc.

Fluent, Inc. helps companies find new customers online by running digital advertising campaigns for them, and the money primarily comes from these advertising services. This matters because it shows how Fluent helps businesses grow and how it makes its money.

Price history

How the share price has moved

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Earnings history

Last 8 quarters — what happened

Click any quarter to read the call summary and what the numbers say.

Free cash flow by quarter (oldest to newest)
FY2024 Q3 $1.24M FY2024 Q4 $-2.15M FY2025 Q1 $2.11M FY2025 Q2 $904.00K FY2025 Q3 $-7.32M FY2025 Q4 $2.77M FY2026 Q1 $5.05M FY2026 Q2 $-4.82M
Revenue $48.45M
Net income $-6.18M
Diluted EPS -0.20
Operating cash flow $-4.79M
Free cash flow $-4.82M
Revenue $44.85M
Net income $-5.35M
Diluted EPS -0.17
Operating cash flow $5.11M
Free cash flow $5.05M
Revenue $61.82M
Net income $-4.12M
Diluted EPS -0.09
Operating cash flow $2.79M
Free cash flow $2.77M
Revenue $47.03M
Net income $-7.56M
Diluted EPS -0.27
Operating cash flow $-7.30M
Free cash flow $-7.32M
Revenue $44.71M
Net income $-7.22M
Diluted EPS -0.30
Operating cash flow $935.00K
Free cash flow $904.00K
Revenue $55.21M
Net income $-8.27M
Diluted EPS -0.39
Operating cash flow $2.11M
Free cash flow $2.11M
Revenue $65.41M
Net income $-3.43M
Diluted EPS -0.12
Operating cash flow $-2.14M
Free cash flow $-2.15M
Revenue $64.52M
Net income $-7.94M
Diluted EPS -0.48
Operating cash flow $1.24M
Free cash flow $1.24M

Is it cheap or expensive?

Fair value $12.13 vs current price $2.85

Wall Street consensus is the average analyst price target: $5.00 (-58.8% lower than our fair-value estimate).

Our most-likely fair value is $12.13 a share — about 324.8% above today's price of $2.85, so the stock currently looks cheap (undervalued).

undervalued

We estimate the cash this business should generate over the next 10 years and beyond, then convert it to today's money for a fair value per share, in its trading currency. Cautious, middle and optimistic growth cases give a range. Not for banks/insurers.

Base

Growth 8.0% · Discount 7.2% · Terminal 3.0%

$12.13

Bear

Growth 3.0% · Discount 7.2% · Terminal 3.0%

$8.78

Bull

Growth 15.0% · Discount 7.2% · Terminal 3.0%

$18.62

Is it drowning in debt?

Distressed

Net debt $27.7M. Interest coverage -5.5x.

Net debt $27.72M
Interest coverage -5.51x

Fluent, Inc.'s profit covers its interest bill about 0.0 times over. which is weaker than most peers shown here and 5 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.

Distressed
Worse cushion Baseline Better cushion
FLNT BASELINE Fluent, Inc.

Total debt $34.60M Interest coverage -5.51x This is the baseline the peer rows are being compared against.

Total debt $22.09M Interest coverage -20.30x Neither company has much profit cushion over interest right now.

Total debt $131.66M Interest coverage -3.47x Neither company has much profit cushion over interest right now.

Total debt $21.90M Interest coverage -23.17x Neither company has much profit cushion over interest right now.

Total debt $1.54B Interest coverage 0.12x This peer still has a real interest-payment cushion, while FLNT does not.

Total debt $189.89M Interest coverage -4.30x Neither company has much profit cushion over interest right now.

What you should know

The case for and against FLNT

1 Reward 3 Risks

Rewards

  • Free cash flow was positive in 8/10 years.

Risks

  • Return on equity was -170.5% last year — the company lost money on shareholders' equity.
  • Net debt grew 16.8% over 3 years.
  • Operating margin compressed from 1.4% to -9.7% over 3 years.

The numbers

All the key metrics, grouped by purpose

Tap any ? icon to learn what it means.

Valuation

How expensive the stock looks

P/E (TTM)
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Forward P/E
-107.05x
P/B
11.11x
P/S
0.45x
EV/EBITDA
-15.64x
PEG ratio
1.81x

Profitability

How much profit each dollar creates

Gross margin
26.5%
Operating margin
-9.7%
Net margin
-11.5%
ROE
-170.5%
ROA
-13.0%

Health

Liquidity and balance-sheet strength

Debt / equity
4.27x
Current ratio
0.88x
Quick ratio
0.78x
Total debt
$34.60M
Total cash
$6.88M

Growth

How the business has been compounding

Revenue TTM
$202.15M
Revenue 5Y CAGR
-10.8%
EPS TTM
-0.75
EPS 5Y CAGR
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Cash flow

How much cash the business throws off

Operating CF TTM
$-4.20M
Free CF TTM
$-1.54M
FCF margin
-0.8%

Dividend

Shareholder payout

Yield
0.0%
Payout ratio
0.0%
Last ex-div date
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