Reading FLNT? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track FLNT free→Reading FLNT? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track FLNT free→NASDAQCommunication ServicesAdvertising AgenciesSnapshot 2026-06-15
Recent financial performance sits below its industry cohort — worth keeping an eye on, though it has not freshly broken.
Recent financial performance is neutral, and earnings quality cannot be assessed since the company was unprofitable over the past year. Management's recent track record has been fairly steady, but risk is high, and the sector backdrop is a headwind. Peer multiples imply a price about 82% above where it trades (it looks cheap on this basis); the read is cheap, value-trap risk, as it trades below peer multiples while recent financials are weak. Key factors to watch include guidance changes and sector trends, as these could significantly impact the company's outlook. This read is provisional.
Daily closes. Earnings/event dots are placed inline.
A consensus fair price across 1 valuation methods, at three horizons. Current price $2.61. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
No-growth: today's peer multiple on trailing earnings. The headline read.
Embeds projected growth. Leans optimistic by design. Upside context.
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
At $2.61 FLNT trades at 0× p/s, below its 1× p/s peer median. Our $10 fair value sits above the price; low confidence. Not investment advice.
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
The price implies about 74% below a flat-multiple fair value, below our forecast of about -19%. This describes what's priced in, not a forecast of the move.
TTM earnings are negative, so the read leans on sales- and cash-flow-based methods rather than P/E. This is a data condition, not a forward call.
No fragility gates fired. Regime (Crisis) does not concentrate fragility.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 2 of the last 3 quarter-over-quarter moves. Historically, Communication Services names rated neutral grew net income 46% of the time over the next year (vs 61% for the rest of the cohort, n=902).
Over the trailing year it converted -0.06x of net income into operating cash flow.
Not enough signal yet.
Not enough signal to read sensitivity to the broad stock market, the US dollar, Fed net liquidity, long-term interest rates, real (inflation-adjusted) rates.
8 material management or governance events in the past 24 months, led by capital-allocation actions. Historically, Communication Services names rated neutral grew net income 53% of the time over the next year (vs 63% for the rest of the cohort, n=271).
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
EPS estimate $-0.15 → $-0.15 (+2.2% / 30d). 2 raised, 0 cut, 3 covering analysts.
0 upgrades, 0 downgrades / 30d. 33% of analysts rate Buy.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
On a typical day, $10k can swing ±$328.
How much price usually moves either way.
On a bad day, this stock has moved -$787.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $4,860.
Deepest peak-to-trough drop in the last year.
Past results, not a forecast. Not investment advice.
The most important moves since the prior daily snapshot.
No material changes since the prior snapshot.
as of 2026-06-15
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Why it matters: If the sector grows, it may mean Fluent is recovering.
Confirms:Sector revenue growth turns positive after being negative for under a year.
Disproves:If sector revenue growth stays negative, it may drop more.
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
No graded news catalysts for FLNT yet.
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
Results of Operations and Financial Condition. On May 13, 2026, Fluent, Inc. issued a press release announcing first quarter 2026 financial results. A copy of the press release is furnished herewith as Exhibit 99.1. The information included herein and in Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by refere…
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Long-thesis check; widest uncertainty.
TTM earnings are negative. P/E-based methods drop out and the estimate leans on sales- and cash-flow-based methods. A data condition, not a forward call.
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
Looks cheaper than most peers in the same business.
Self-history needs ~20 months of data.
Trailing four: 2025-Q1, 2025-Q2, 2025-Q3, 2026-Q1
A side-by-side read on sector standing, valuation, and risk versus Advertising.
| Stock | Sector standing | Valuation | Risk |
|---|---|---|---|
FLNT Fluent Inc | Typical Show detailsSector percentile: 51 of 100 | inexpensive | high |
OMC Omnicom Group | Above typical Show detailsSector percentile: 92 of 100 | inexpensive | moderate |
TTD Trade Desk (The) | Above typical Show detailsSector percentile: 80 of 100 | inexpensive | elevated |
MGNI Magnite, Inc. | Above typical Show detailsSector percentile: 86 of 100 | expensive | high |
ZD Ziff Davis | Typical Show detailsSector percentile: 40 of 100 | fair | elevated |
Not investment advice. As of 2026-06-15.
via XLC
Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive. Historically, headwind regimes have averaged stronger forward returns than tailwind.
Context label only: describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.
Not investment advice. As of 2026-06-15.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Fluent aims for full-year double-digit consolidated revenue growth in 2026.
Stated in 3 of last 3 quarters. Revenue decreased from $65.4M in 2024-Q4 to $44.9M in 2026-Q1, indicating a decline rather than growth. Despite the recurring focus on achieving double-digit revenue growth, the trajectory shows limited progress so far.
“The Company expects full-year double-digit consolidated growth in revenue.”
“Full-year double-digit revenue growth and full-year adjusted EBITDA profitability in 2026.”
“Full-year double-digit consolidated revenue growth and full-year adjusted EBITDA profitability in 2026.”
Fluent aims to improve full-year adjusted EBITDA in 2026.
Stated in 3 of last 3 quarters. Operating income declined from $0.16M in 2025-Q4 to -$3.9M in 2026-Q1, indicating a negative trajectory. Despite the focus on improving adjusted EBITDA, the financials show limited progress.
“The Company expects improved full-year adjusted EBITDA in 2026.”
“Full-year adjusted EBITDA profitability in 2026.”
Fluent completed the acquisition of Winopoly, LLC for $3.0 million.
Newly stated in 2026-Q1. The acquisition of Winopoly, LLC was completed for $3.0 million. This strategic move is a step towards growth, but its impact on financials is yet to be seen.
Results of Operations and Financial Condition. On March 9, 2026, Fluent, Inc. issued a press release announcing its unaudited fourth quarter and full year 2025 financial results. A copy of the press release is furnished herewith as Exhibit 99.1. The information included herein and in Exhibit 99.1 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 ("Exchange Act") or otherwise subject to the liabilities of that section, nor shall it be deemed incorpor…
Entry into a Material Definitive Agreement. On January 31, 2026, Inbox Pal, LLC, an indirect subsidiary of Fluent, Inc. (the “Company”), entered into a Membership Interest Purchase Agreement (the “Purchase Agreement”) with InsurCo, LLC (“Buyer”). Pursuant to the Purchase Agreement, Buyer acquired all of the issued and outstanding membership interests of Winopoly, LLC, a New York limited liability company. The aggregate purchase price for the transaction is $3.0 million, payable to Fluent, LLC…
Entry into a Material Definitive Agreement. On December 31, 2025, Fluent, Inc. (the “Company”) entered into an At-The-Market Issuance Sales Agreement (the “ATM Agreement”) with Lake Street Capital Markets, LLC (“Lake Street”), under which the Company may offer and sell shares of its common stock, par value $0.0005 per share (the “Shares”), having an aggregate sales price of up to approximately $11,200,000 through Lake Street as the sales agent. Sales of shares of the Company’s common stock th…
Entry into a Material Definitive Agreement. On November 25, 2025, Fluent, Inc. (the “Company”) and Fluent, LLC, a wholly owned subsidiary of the Company (together with the Company, the "Borrower"), entered into an Accounts Receivable Finance Agreement (the "Financing Agreement") with CSNK Working Capital Finance Corp. d/b/a Bay View Funding ("Bay View"). Under the Financing Agreement, Bay View may extend financing to the Company based on eligible domestic and foreign accounts receivable, subj…
“Full-year adjusted EBITDA profitability in 2026.”
“Buyer acquired all membership interests of Winopoly, LLC for $3.0 million.”