Fluent, Inc.
Income Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $48.4M | $44.9M | $61.8M | $47.0M | $44.7M | $55.2M | $65.4M | $64.5M |
| Cost of Revenue | $34.4M | $34.8M | $43.2M | $36.2M | $34.4M | $43.8M | $51.5M | $48.9M |
| Gross Profit | $14.0M | $10.0M | $18.7M | $10.9M | $10.3M | $11.4M | $13.9M | $15.7M |
| Gross Margin | 28.9% | 22.4% | 30.2% | 23.1% | 23.0% | 20.7% | 21.3% | 24.3% |
| Operating Expenses | ||||||||
| Research & Development | $3.0M | $2.8M | $3.5M | $2.6M | $2.3M | $3.4M | $3.6M | $4.1M |
| SG&A Expense | $9.4M | $5.7M | $8.7M | $8.6M | $8.9M | $8.6M | $9.4M | $9.1M |
| Operating Income | $-5.0M | $-3.9M | $163.0K | $-6.3M | $-7.1M | $-7.1M | $-5.4M | $-3.9M |
| Operating Margin | -10.2% | -8.7% | 0.3% | -13.4% | -15.9% | -12.8% | -8.3% | -6.0% |
| Interest Expense | $637.0K | $605.0K | $781.0K | $711.0K | $702.0K | $880.0K | $1.0M | $1.3M |
| Pretax Income | $-6.2M | $-5.4M | $-4.2M | $-7.6M | $-7.3M | $-8.0M | $-5.3M | $-8.0M |
| Income Tax Expense | $5.0K | $3.0K | $-116.0K | $-12.0K | $-107.0K | $233.0K | $-1.9M | $-35.0K |
| Net Income | $-6.2M | $-5.4M | $-4.1M | $-7.6M | $-7.2M | $-8.3M | $-3.4M | $-7.9M |
| Net Margin | -12.7% | -11.9% | -6.7% | -16.1% | -16.2% | -15.0% | -5.2% | -12.3% |
| EPS (Basic) | $-0.20 | $-0.17 | $-0.09 | $-0.27 | $-0.30 | $-0.39 | $-0.12 | $-0.48 |
| EPS (Diluted) | $-0.20 | $-0.17 | $-0.09 | $-0.27 | $-0.30 | $-0.39 | $-0.12 | $-0.48 |
| Shares Outstanding (Basic) | 31.5M | 31.3M | 26.0M | 28.1M | 24.1M | 21.2M | 16.3M | 16.5M |
| Shares Outstanding (Diluted) | 31.5M | 31.3M | 26.0M | 28.1M | 24.1M | 21.2M | 16.3M | 16.5M |
| Dividends Per Share | — | — | — | — | — | — | — | — |