Jun 2026 (Q2 FY26) — Aug 10, 2026
Fluent Q2 FY26 — Return to Revenue Growth Driven by Commerce Media Solutions
Read the full callFluent earnings: last reported Mon, 10 Aug 2026, for the quarter ended Jun 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 48.4 | +8.4% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | -10.2 | +5.7 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | -6.2 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. |
Price
1Y: $2.15 on 14 Oct 2025 → $2.66. High $4.27 (10 Aug 2026), low $1.72 (24 Nov 2025).
Overview
Call summaries
Fluent Q2 FY26 — Return to Revenue Growth Driven by Commerce Media Solutions
Read the full callEvery analysed call
Financials
Net profit, year on year: +14% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 65 | 65 | 55 | 45 | 47 | 62 | 45 | 48 |
| Expenses | 68 | 71 | 62 | 52 | 53 | 62 | 49 | 53 |
| Operating profit | -4 | -5 | -7 | -7 | -6 | 0 | -4 | -5 |
| Operating margin | −6.0% | −8.3% | −12.8% | −15.9% | −13.4% | 0.3% | −8.7% | −10.2% |
| Interest | 1 | 1 | -1 | -1 | 1 | -5 | -1 | -1 |
| Profit before tax | -8 | -5 | -8 | -7 | -8 | -4 | -5 | -6 |
| Tax rate | 0.4% | 35.8% | −2.9% | 1.5% | 0.2% | 2.7% | −0.1% | −0.1% |
| Net profit | -8 | -3 | -8 | -7 | -8 | -4 | -5 | -6 |
| EPS ($ per share) | -0.48 | — | -0.39 | -0.30 | -0.27 | — | -0.17 | -0.20 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | -185 | -187 | -185 | -195 | -318 | -382 | -411 | -438 |
| Total liabilities | 86 | 106 | 93 | 105 | 90 | 77 | 69 | 71 |
| Fixed assets | 1 | 3 | 2 | 1 | 1 | 1 | 0 | 0 |
| Total assets | 293 | 317 | 310 | 318 | 184 | 94 | 94 | 89 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 23 | 26 | 20 | 12 | 2 | 8 | -14 | -1 |
| Cash from investing | -23 | -12 | -4 | -3 | -5 | -7 | -6 | -6 |
| Cash from financing | 2 | -13 | -14 | 2 | -5 | -11 | 15 | 11 |
| Net cash flow | 3 | 1 | 2 | 12 | -9 | -10 | -5 | 3 |
| Capital expenditure | -0 | -2 | -0 | -0 | -0 | -0 | -0 | -0 |
| Free cash flow | 23 | 24 | 20 | 12 | 2 | 8 | -14 | -2 |
72 filings between Nov 24, 2025 and Sep 16, 2026.
Purchases
$1.02M
13 purchases by 4 insiders
Sales
$165.0K
14 sales by 5 insiders
Also filed: 23 other filings, 2 dispositions to the issuer.
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| GEYGAN JAMES | $497.3K | $7.4K | Sep 14, 2026 |
| GLOBAL VALUE INVESTMENT CORP. | $496.9K | $7.4K | Sep 14, 2026 |
| Graff David Allen | — | $75.0K | Sep 10, 2026 |
| Patrick Donald Huntley | — | $50.4K | May 26, 2026 |
| Perfit Ryan MacNab | — | $24.9K | May 26, 2026 |
| Schulke Ryan | $19.0K | — | Sep 4, 2026 |
| Conlin Matthew | $10.3K | — | Jun 1, 2026 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 16, 2026 | GLOBAL VALUE INVESTMENT CORP. 10% owner | Other | 135 | — |
| Sep 16, 2026 | GEYGAN JAMES Director | Other | 135 | — |
| Sep 14, 2026 | GLOBAL VALUE INVESTMENT CORP. 10% owner | Purchase | 12,376 | $41.8K |
| Sep 14, 2026 | GEYGAN JAMES Director | Purchase | 12,376 | $41.8K |
| Sep 10, 2026 | Graff David Allen Director | Sale | 25,000 | $75.0K |
| Sep 4, 2026 | Schulke Ryan Chief Strategy Officer | Purchase | 2,823 | $8.7K |
| Sep 1, 2026 | GEYGAN JAMES Director | Sale | 148 | $478 |
| Sep 1, 2026 | GLOBAL VALUE INVESTMENT CORP. 10% owner | Sale | 148 | $478 |
| Aug 28, 2026 | GLOBAL VALUE INVESTMENT CORP. 10% owner | Sale | 665 | $2.4K |
| Aug 28, 2026 | GEYGAN JAMES Director | Sale | 665 | $2.4K |
| Aug 25, 2026 | GEYGAN JAMES Director | Sale | 2 | $8 |
| Aug 25, 2026 | GLOBAL VALUE INVESTMENT CORP. 10% owner | Sale | 2 | $8 |
| Aug 17, 2026 | GEYGAN JAMES Director | Sale | 500 | $2.0K |
| Aug 17, 2026 | GLOBAL VALUE INVESTMENT CORP. 10% owner | Sale | 500 | $2.0K |
| Aug 14, 2026 | GEYGAN JAMES Director | Sale | 600 | $2.5K |
| Aug 14, 2026 | GLOBAL VALUE INVESTMENT CORP. 10% owner | Sale | 600 | $2.5K |
| Jun 25, 2026 | Conlin Matthew Chief Customer Officer | Option exercise | 57,143 | $29 |
| Jun 25, 2026 | Conlin Matthew Chief Customer Officer | Other | 70 | $0 |
| Jun 25, 2026 | Conlin Matthew Chief Customer Officer | Option exercise | 454,648 | $227 |
| Jun 25, 2026 | Conlin Matthew Chief Customer Officer | Other | 8 | $0 |
| Jun 24, 2026 | GEYGAN JAMES Director | Option exercise | 67,059 | $34 |
| Jun 24, 2026 | GEYGAN JAMES Director | Option exercise | 11,366 | $6 |
| Jun 24, 2026 | GLOBAL VALUE INVESTMENT CORP. 10% owner | Other | 9 | — |
| Jun 24, 2026 | GLOBAL VALUE INVESTMENT CORP. 10% owner | Option exercise | 78,425 | $39 |
| Jun 24, 2026 | GEYGAN JAMES Director | Other | 1 | — |
| Jun 24, 2026 | GEYGAN JAMES Director | Other | 8 | — |
| Jun 23, 2026 | Conlin Matthew Chief Customer Officer | Other | 12 | $0 |
| Jun 23, 2026 | Patrick Donald Huntley Chief Executive Officer | Other | 1 | $0 |
| Jun 23, 2026 | Patrick Donald Huntley Chief Executive Officer | Option exercise | 12,502 | $6 |
| Jun 23, 2026 | Conlin Matthew Chief Customer Officer | Option exercise | 85,714 | $43 |
| Jun 23, 2026 | Schulke Ryan Chief Strategy Officer | Other | 63 | — |
| Jun 23, 2026 | Patrick Donald Huntley Chief Executive Officer | Other | 2 | $0 |
| Jun 23, 2026 | Schulke Ryan Chief Strategy Officer | Option exercise | 428,571 | $214 |
| Jun 23, 2026 | Schulke Ryan Chief Strategy Officer | Other | 33 | — |
| Jun 23, 2026 | Schulke Ryan Chief Strategy Officer | Option exercise | 227,324 | $114 |
| Jun 23, 2026 | Patrick Donald Huntley Chief Executive Officer | Option exercise | 14,286 | $7 |
| Jun 17, 2026 | GEYGAN JAMES Director | Award | 30,096 | $0 |
| Jun 17, 2026 | GLOBAL VALUE INVESTMENT CORP. 10% owner | Other | 30,096 | $0 |
| Jun 17, 2026 | Mathis Donald H Director | Award | 30,096 | $0 |
| Jun 17, 2026 | PFENNIGER RICHARD C JR Director | Award | 30,096 | $0 |
| Jun 17, 2026 | Graff David Allen Director | Award | 30,096 | $0 |
| Jun 17, 2026 | SHATTUCK KOHN BARBARA Director | Award | 30,096 | $0 |
| Jun 16, 2026 | GEYGAN JAMES Director | Other | 40,390 | $0 |
| Jun 16, 2026 | GLOBAL VALUE INVESTMENT CORP. 10% owner | Other | 40,390 | $0 |
| Jun 12, 2026 | GEYGAN JAMES Director | Purchase | 60,183 | $165.6K |
| Jun 12, 2026 | GLOBAL VALUE INVESTMENT CORP. 10% owner | Purchase | 61,368 | $168.9K |
| Jun 12, 2026 | GEYGAN JAMES Director | Purchase | 1,185 | $3.3K |
| Jun 1, 2026 | Conlin Matthew Chief Customer Officer | Purchase | 5,000 | $10.3K |
| Jun 1, 2026 | Schulke Ryan Chief Strategy Officer | Purchase | 5,000 | $10.3K |
| May 26, 2026 | Perfit Ryan MacNab Chief Financial Officer | Sale | 9,604 | $24.9K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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