Fluent, Inc. filings document the public-company records of a Nasdaq-listed commerce media solutions issuer. Periodic and current reports cover operating results, Commerce Media Solutions revenue activity, material agreements, financing arrangements and capital-structure disclosures tied to common stock, warrants and pre-funded warrants.
Proxy materials describe board elections, executive compensation votes, auditor ratification and stockholder approvals under Nasdaq listing rules. Other 8-K disclosures address governance and compensation matters, including the Fluent, Inc. Equity Participation Plan and cash-settled restricted stock unit awards that track the value of the company’s common stock.
Fluent, Inc. amended its Accounts Receivable Finance Agreement with CSNK Working Capital Finance Corp. d/b/a Bay View Funding, increasing the maximum aggregate advance amount from $30 million to $35 million.
The agreement provides for advances of up to $35 million secured by substantially all of Fluent’s assets. Fluent and its wholly owned subsidiaries Fluent, LLC, Fluent Media Labs, LLC and AdParlor, LLC are parties to the amendment, and Fluent must repay all advances, fees and other obligations under the agreement.
Fluent, Inc. (FLNT) had insider activity reported by Global Value Investment Corp. (GVIC), a ten percent owner, and related individuals. Between August 14 and September 16, 2026, GVIC-managed accounts executed a mix of open‑market purchases and sales, resulting in a net purchase of 10,461 shares of Common Stock, alongside a small restructuring in which 135 shares in terminated client accounts are no longer included. The reporting persons disclose 9,385 shares of Common Stock held directly by one filer and an indirect position in warrants exercisable at $2.20 for 78,425 underlying shares through GVIC-managed accounts, with the warrants becoming exercisable following stockholder approval on June 17, 2026 and expiring three years from issuance. The filing notes that certain sales were unsolicited client-directed trades and that the individuals disclaim beneficial ownership beyond any pecuniary interest, and no Rule 10b5‑1 trading plan is reported.
Fluent, Inc. (FLNT) director and ten percent owner James Geygan, through Global Value Investment Corporation (GVIC), reported mixed trading in Common Stock. On September 14, 2026 GVIC purchased 12,376 shares at a weighted average price of $3.38 per share, while earlier client-directed sales between August 14 and September 1, 2026 totaled 1,915 shares at weighted average prices disclosed in the notes. A separate September 16, 2026 entry reclassified 135 shares after certain managed accounts ceased to be advised by GVIC. Geygan also reports direct ownership of 101,052 Common shares and Warrants, both direct and indirect, exercisable into a total of 78,425 Common shares at an exercise price of $2.20 per share, exercisable following stockholder approval of the Warrant offering on June 17, 2026 and expiring three years from issuance. GVIC and Geygan disclaim beneficial ownership beyond any pecuniary interest, and no Rule 10b5-1 trading plan is reported.
Fluent, Inc. (FLNT) director David Allen Graff reported selling 25,000 shares of Common Stock on September 10, 2026 at a weighted average price of about $3.00 per share. After this transaction, he directly holds 95,438 shares of Fluent common stock. No Rule 10b5‑1 trading plan is reported.
Fluent, Inc. (FLNT) has a notice of proposed sale under Rule 144 filed for the account of director David Allen Graff. The notice covers up to 25,000 shares of common stock, with an aggregate market value of $75,000, to be sold through Raymond James & Associates, Inc. on NASDAQ. As context, 31,610,000 shares of Fluent common stock were outstanding as of September 10, 2026; this is a baseline figure, not the amount being offered.
Fluent, Inc. (FLNT) director, officer and 10% owner Ryan Schulke reported purchasing 2,823 shares of common stock on September 4, 2026 in an open-market transaction at a weighted average price of $3.076 per share. No Rule 10b5-1 trading plan is reported for this purchase.
After the transaction, Schulke holds 4,156,617 shares directly, plus indirect holdings through related entities, including a family foundation trust, an LLC, and two grantor retained annuity trusts that together hold several hundred thousand additional shares.
Fluent, Inc. reported revenue of $48.4M for the quarter and $93.3M for the six months ended June 30, 2026, down from $99.9M in the prior-year period. The mix is shifting, with Commerce Media Solutions contributing $56.4M year-to-date while Owned and Operated revenue declined.
The company recorded a six‑month net loss of $11.5M (basic and diluted loss per share $0.37) and operating cash flow of only $0.3M. Cash and cash equivalents fell to $6.9M, with total debt (including an accounts receivable facility and related‑party convertible notes) at $31.9M. Management discloses substantial doubt about its ability to continue as a going concern, citing reliance on an uncommitted $30M Bay View receivables facility and the need for continued forecast performance. An at‑the‑market program allows issuance of up to $11.2M of stock, though no shares have been sold.
Fluent, Inc. has a significant shareholder group led by Bleichroeder LP and related entities reporting beneficial ownership of 2,571,428 common shares as of June 30, 2026. This represents 8.23% of Fluent’s common stock believed to be outstanding.
The position includes 1,142,857 common shares and 1,428,571 additional shares issuable upon exercise of warrants. Bleichroeder Holdings LLC, Bleichroeder LP, and Andrew Gundlach each report sole voting and dispositive power over these shares, while the underlying economic rights to dividends and sale proceeds belong to Bleichroeder’s investment-advisory clients.
Fluent, Inc. reported second quarter 2026 results showing a shift toward its Commerce Media Solutions segment and improving profitability metrics, though the company remains loss-making. Q2 2026 revenue was $48.4 million, up 8% from $44.7 million in Q2 2025, while revenue from aggregate continuing businesses rose 25%. Commerce Media Solutions revenue grew 90% to $30.5 million, representing 63% of consolidated revenue, and carries an annual revenue run rate exceeding $125 million. Consolidated gross profit margin expanded to 29% from 23%, and media margin rose to 36.1% of revenue.
Despite these improvements, Fluent recorded a Q2 2026 net loss of $6.2 million (or $0.20 per share) and a six‑month 2026 net loss of $11.5 million. Adjusted EBITDA loss narrowed to $1.8 million in Q2 and $5.4 million for the first half. Cash and cash equivalents declined to $6.9 million at June 30, 2026, shareholders’ equity fell to $8.1 million, and the company highlights reliance on an uncommitted financing agreement that it states raises substantial doubt about its ability to continue as a going concern. Management continues to expect full‑year 2026 double‑digit revenue growth on aggregate continuing businesses and improved adjusted EBITDA.
Fluent, Inc. insider filings show entities associated with Global Value Investment Corp. (GVIC) exercising pre-funded warrants into common stock. GVIC exercised 78,425 pre-funded warrants on a cashless basis at an exercise price of $0.0005 per share, increasing its indirect holdings to 3,219,175 shares of common stock. The filing also records a small internal reallocation of 9 shares and indicates that separate warrants for 78,425 underlying shares at an exercise price of $2.20 remain outstanding, exercisable following stockholder approval of the warrant offering on June 17, 2026 and expiring three years from issuance.