Every 10-Q that Fluent, Inc. (FLNT) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow FLNT and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full FLNT filings page.
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. reported a smaller quarterly loss but highlighted serious liquidity risks. For the three months ended March 31, 2026, revenue was $44.9 million, down from $55.2 million a year earlier, while net loss narrowed to $5.4 million from $8.3 million.
Operating cash flow improved to $5.1 million, yet cash and cash equivalents fell to $10.3 million from $12.9 million at year-end. Management concluded there is substantial doubt about the company’s ability to continue as a going concern, given reliance on an uncommitted receivables financing facility and a history of missing forecasts.
Fluent carries $28.0 million of debt net, including an accounts receivable Financing Agreement and related-party Convertible Notes with a fair value of $4.6 million. The company also put in place an at-the-market program to offer and sell up to $11,200 shares of common stock. Shareholders’ equity declined to $13.3 million, with an accumulated deficit of $443.3 million.
Fluent, Inc. reported lower results and flagged going-concern risk. Q3 revenue was $47.0 million, down from $64.5 million a year ago, with a net loss of $7.6 million (basic and diluted loss per share $0.27). For the first nine months, revenue totaled $146.9 million versus $189.2 million last year, and net loss was $23.0 million.
Cash and cash equivalents were $9.2 million and total assets were $76.1 million as of September 30, 2025. Current liabilities were $48.4 million, including the current portion of long-term debt of $22.2 million. The company remained in compliance with covenants under its SLR Credit Agreement as of quarter end, but management concluded there is substantial doubt about its ability to continue as a going concern due to declining performance and potential borrowing base constraints.
Debt included an outstanding principal balance of $22.6 million under the SLR Credit Facility (maturing 2029) and related-party Convertible Notes with a $3.9 million fair value. Shares outstanding were 30,287,597 as of November 12, 2025.
Fluent, Inc. reported material liquidity and capital structure developments in its Form 10-Q. Management disclosed substantial doubt about the company's ability to continue as a going concern for one year following the report date due to covenant non-compliance risk under its SLR Credit Facility. The SLR facility had an outstanding principal balance of $20,000 as of June 30, 2025, with an effective interest rate of ~10.34% at that date and a maturity date of April 2, 2029. The company expects an equity financing of approximately $10.3 million to close August 19, 2025 and secured covenant waivers and amendments that reset covenants through August 31, 2026. Convertible notes totaling $2,050 (13% PIK interest) and a $2,000 note payable related to a settlement (SOFR+11%) were disclosed. Capital actions included a reverse stock split and share issuances; common shares outstanding were reported at 24,268,299 with 768,595 treasury shares. The filing references net losses of $15.5 million and $17.9 million (periods shown) and other non-cash and restructuring items.