Fluent financials
$3.21+4.05%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $208.8M | $254.6M | $298.4M | $361.1M | $329.3M | $310.7M | $281.7M | $250.3M |
| Gross profit | $51.2M | $60.8M | $78.5M | $93.6M | $85.5M | $95.6M | $87.2M | $88.7M |
| Gross margin | 24.5% | 23.9% | 26.3% | 25.9% | 26.0% | 30.8% | 31.0% | 35.4% |
| Operating income | -$20.3M | -$23.7M | -$60.1M | -$119.6M | -$4.7M | $8.4M | $5.2M | $11.4M |
| Net income | -$27.2M | -$29.3M | -$63.2M | -$123.3M | -$10.1M | $2.2M | -$1.7M | -$17.9M |
| Net margin | −13.0% | −11.5% | −21.2% | −34.2% | −3.1% | 0.7% | −0.6% | −7.2% |
| Diluted EPS | $-1.05 | $-1.80 | $-4.59 | $-9.06 | $-0.78 | $0.18 | $-0.12 | $-1.38 |
| EBITDA | -$9.8M | -$11.5M | $6.2M | $5.2M | $8.9M | $24.5M | $19.6M | $33.8M |
| Operating cash flow | -$1.5M | -$14.1M | $8.1M | $2.0M | $12.4M | $20.3M | $26.0M | $23.5M |
| Free cash flow | -$7.8M | -$20.3M | $2.3M | -$2.4M | $12.4M | $20.2M | $23.9M | $23.2M |
| Diluted shares | 26.0M | 16.3M | 13.8M | 13.6M | 13.3M | 13.3M | 13.2M | 12.8M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $12.9M | $9.4M | $15.8M | $25.5M | $34.5M | $21.1M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $34.6M | $35.6M | $30.5M | $40.6M | $45.3M | $40.6M |
| Total assets | $89.1M | $93.6M | $111.9M | $184.0M | $318.2M | $310.2M |
| Total liabilities | $70.9M | $68.7M | $77.5M | $90.0M | $104.8M | $93.3M |
| Shareholders' equity | $18.2M | $25.0M | $34.4M | $94.0M | $213.4M | $216.9M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology