Fluent, Inc.
FLNT · Services-Advertising · 29.8M shares · -33%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: -$670K (gross $1M, SBC $2M)
Reference price $2.75 · est. market cap ~$82M — last insider purchase, 2026-06-12 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D52gen composite 37pct→61; net + operating loss
Notable findings
- No interest coverageInterest coverage -6.61 (cannot cover interest)
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- Net lossNet loss (net margin -13.0%)
- Cash burnNegative free cash flow (-1.5M)
- Buying back stockNet buyback — share count -33%/yr over 4y
- Revenue declineRevenue -18.8% YoY
- Notable holderHeld by 2 notable fund(s): STATE STREET CORP, CITADEL ADVISORS LLC (as of 2026-03-31)
- New fund positionNotable fund(s) opened this quarter: CITADEL ADVISORS LLC
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
24.5%
Operating margin
-9.7%
Net margin
-13.0%
Return on equity
-149.2%
Return on assets
-30.5%
ROIC
-30.4%
Revenue growth (QoQ)
-18.8%
Debt / equity
1.9×
Interest coverage
-6.6×
Current ratio
1.0×
Free cash flow
-$2M
EBITDA
-$11M
Tangible book value
$936K
Cash & investments
$13M
Cash runway
34q
Stock comp / revenue
1.1%
Leadership & compensation
| Name | Role | Latest total comp |
|---|---|---|
| Patrick Donald Huntley | Chief Executive Officer | — |
| Perfit Ryan MacNab | Chief Financial Officer | — |
| Conlin Matthew | Chief Customer Officer | — |
| Schulke Ryan | Chief Strategy Officer | — |
| GEYGAN JAMES | Director | — |
| Graff David Allen | Director | — |
| Mathis Donald H | Director | — |
| PFENNIGER RICHARD C JR | Director | — |
| SHATTUCK KOHN BARBARA | Director | — |
Officers & directors from SEC filings (Form 4 + DEF 14A proxy); compensation is the latest reported fiscal year.
Insider transactions · last 6 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-25 | Conlin Matthew | Option exercise | 455K | $0.00 |
| 2026-06-25 | Conlin Matthew | Other | 70 | $0.00 |
| 2026-06-25 | Conlin Matthew | Option exercise | 57K | $0.00 |
| 2026-06-25 | Conlin Matthew | Other | 8 | $0.00 |
| 2026-06-24 | GEYGAN JAMES | Option exercise | 67K | $0.00 |
| 2026-06-24 | GEYGAN JAMES | Other | 8 | — |
| 2026-06-24 | GLOBAL VALUE INVESTMENT CORP. | Other | 9 | — |
| 2026-06-24 | GEYGAN JAMES | Option exercise | 11K | $0.00 |
| 2026-06-24 | GEYGAN JAMES | Other | 1 | — |
| 2026-06-24 | GLOBAL VALUE INVESTMENT CORP. | Option exercise | 78K | $0.00 |
| 2026-06-23 | Patrick Donald Huntley | Other | 2 | $0.00 |
| 2026-06-23 | Schulke Ryan | Option exercise | 227K | $0.00 |
| 2026-06-23 | Schulke Ryan | Other | 33 | — |
| 2026-06-23 | Schulke Ryan | Option exercise | 429K | $0.00 |
| 2026-06-23 | Schulke Ryan | Other | 63 | — |
| 2026-06-23 | Conlin Matthew | Option exercise | 86K | $0.00 |
| 2026-06-23 | Conlin Matthew | Other | 12 | $0.00 |
| 2026-06-23 | Patrick Donald Huntley | Option exercise | 13K | $0.00 |
| 2026-06-23 | Patrick Donald Huntley | Other | 1 | $0.00 |
| 2026-06-23 | Patrick Donald Huntley | Option exercise | 14K | $0.00 |
| 2026-06-17 | Graff David Allen | Grant | 30K | — |
| 2026-06-17 | GEYGAN JAMES | Grant | 30K | — |
| 2026-06-17 | GLOBAL VALUE INVESTMENT CORP. | Other | 30K | — |
| 2026-06-17 | PFENNIGER RICHARD C JR | Grant | 30K | — |
| 2026-06-17 | SHATTUCK KOHN BARBARA | Grant | 30K | — |
| 2026-06-17 | Mathis Donald H | Grant | 30K | — |
| 2026-06-16 | GEYGAN JAMES | Other | 40K | — |
| 2026-06-16 | GLOBAL VALUE INVESTMENT CORP. | Other | 40K | — |
| 2026-06-12 | GEYGAN JAMES | Buy | 60K | $2.75 |
| 2026-06-12 | GEYGAN JAMES | Buy | 1.2K | $2.78 |
| 2026-06-12 | GLOBAL VALUE INVESTMENT CORP. | Buy | 61K | $2.75 |
| 2026-06-01 | Schulke Ryan | Buy | 5.0K | $2.07 |
| 2026-06-01 | Conlin Matthew | Buy | 5.0K | $2.07 |
| 2026-05-26 | Patrick Donald Huntley | Sell | 286 | $2.48 |
| 2026-05-26 | Perfit Ryan MacNab | Sell | 9.6K | $2.59 |
| 2026-05-22 | Patrick Donald Huntley | Sell | 19K | $2.58 |
| 2026-04-03 | Perfit Ryan MacNab | Grant | 54K | — |
| 2026-04-03 | Patrick Donald Huntley | Grant | 107K | — |
| 2026-04-01 | Perfit Ryan MacNab | Disposition | 19K | $3.26 |
| 2026-04-01 | Perfit Ryan MacNab | Option exercise | 19K | — |
| 2026-04-01 | Patrick Donald Huntley | Disposition | 37K | $3.26 |
| 2026-04-01 | Patrick Donald Huntley | Option exercise | 37K | — |
| 2026-03-13 | GEYGAN JAMES | Buy | 125 | $3.47 |
| 2026-03-13 | GLOBAL VALUE INVESTMENT CORP. | Buy | 65K | $3.47 |
| 2026-03-13 | GEYGAN JAMES | Buy | 65K | $3.47 |
| 2026-03-12 | GLOBAL VALUE INVESTMENT CORP. | Buy | 17K | $3.49 |
| 2026-03-12 | GEYGAN JAMES | Buy | 17K | $3.49 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-22 | Reg FD | filing ↗ |
| 2026-06-18 | Shareholder vote | filing ↗ |
| 2026-05-13 | ResultsExhibits | filing ↗ |
| 2026-03-09 | ResultsExhibits | filing ↗ |
| 2026-02-05 | Material agreementExhibits | filing ↗ |
| 2025-12-31 | Material agreementExhibits | filing ↗ |
| 2025-12-02 | Material agreement1.02Debt obligationExhibits | filing ↗ |
| 2025-11-13 | ResultsExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-22 | 2026-06-22 | 0001437749-26-021214 ↗ |
| 8-K | 2026-06-18 | 2026-06-17 | 0001437749-26-021019 ↗ |
| 10-Q | 2026-05-13 | 2026-03-31 | 0001437749-26-016747 ↗ |
| 8-K | 2026-05-13 | 2026-05-13 | 0001437749-26-016736 ↗ |
| DEF 14A | 2026-05-07 | 2025-12-31 | 0001437749-26-015328 ↗ |
| DEF 14A | 2026-05-06 | 2026-06-17 | 0001437749-26-014994 ↗ |
| 10-K/A | 2026-04-30 | 2025-12-31 | 0001437749-26-014268 ↗ |
| 10-K | 2026-03-31 | 2025-12-31 | 0001437749-26-010679 ↗ |
| 8-K | 2026-03-09 | 2026-03-09 | 0001437749-26-007362 ↗ |
| 8-K | 2026-02-05 | 2026-01-31 | 0001437749-26-003216 ↗ |
| 8-K | 2025-12-31 | 2025-12-31 | 0001437749-25-039068 ↗ |
| 8-K | 2025-12-02 | 2025-11-25 | 0001437749-25-036597 ↗ |