secwatch.observer — SEC 8-K summary
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Issuer:     Fluent, Inc. (FLNT)
CIK:        0001460329
Form:       8-K
Filed at:   2026-03-09T23:59:59+00:00
Accession:  0001437749-26-007362
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fluent Q4 2025 revenue down 5.5% to $61.8M; Commerce Media revenue up 101% to $34.7M, 56% of total
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- Q4 net loss $4.1M ($0.13/sh) vs $3.4M ($0.19/sh) in Q4 2024; full-year net loss $27.2M ($1.05/sh).
- Q4 adjusted EBITDA positive $0.2M, an improvement of $1.9M YoY; full-year adjusted EBITDA -$9.0M.
- Commerce Media Solutions Q4 revenue $34.7M (33% gross margin); annual run rate now >$105M.
- Full-year 2025 revenue $208.8M (-18% YoY); Owned & Operated revenue fell 44% to $94.5M.
- Expects double-digit consolidated revenue growth and improved adjusted EBITDA in FY 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1460329/000143774926007362/0001437749-26-007362-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1460329/000143774926007362/flnt20260309_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-007362

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer