Fluent (FLNT) Balance Sheet: Assets & Liabilities

Fluent (FLNT) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Fluent reported total assets of $89.13M and total liabilities of $70.92M. Shareholders' equity was $18.21M, down 27.0% from $24.95M a year earlier. Total debt stood at $34.58M against $12.94M in cash and short-term investments, a net debt position of $21.64M. That puts debt-to-equity at 1.90, compared with 1.43 a year earlier.

Fluent Balance Sheet Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Fluent, Inc. (FLNT) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Mar 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	12.94	9.44	15.80	15.80	25.55	34.47	21.09	18.68	17.77	16.63
Cash & Short-Term Investments	12.94	9.44	15.80	15.80	25.55	34.47	21.09	18.68	17.77	16.63
Accounts Receivable	46.74	46.53	56.53	56.53	63.16	70.23	62.67	60.92	48.65	36.28
Inventory	0.00	0.00	0.00	-	0.00	0.00	0.00	0.00	0.00	0.00
Other Current Assets	7.80	8.73	6.07	6.07	3.51	2.51	2.44	1.92	3.94	4.14
Total Current Assets	67.47	65.96	78.41	78.41	92.22	107.20	86.19	81.52	68.39	56.98
Non-Current Assets
Property, Plant & Equipment (Net)	2.96	1.87	3.99	3.99	6.17	8.26	10.49	12.73	1.38	1.78
Long-Term Investments	0.71	0.00	0.00	-	0.00	0.00	1.48	1.48	1.48	0.00
Goodwill	0.00	0.00	1.26	1.26	55.11	165.09	165.09	164.77	159.79	166.26
Intangible Assets	17.28	21.80	26.81	26.81	28.75	35.75	45.42	55.60	61.81	89.71
Other Non-Current Assets	1.43	3.99	1.41	1.41	1.73	1.89	1.56	2.47	1.89	2.28
Total Non-Current Assets	21.66	27.66	33.46	33.46	91.75	210.98	224.03	235.58	224.88	260.02
Total Assets	89.13	93.62	111.87	111.87	183.97	318.18	310.22	317.09	293.27	317.00
Current Liabilities
Accounts Payable	7.20	8.78	10.95	10.95	6.19	16.13	7.69	21.57	7.86	7.41
Short-Term Debt	30.85	31.61	7.30	5.00	7.39	5.00	9.58	11.44	3.50	2.75
Current Portion of Long-Term Debt	-	31.61	-	5.00	5.00	5.00	7.29	-	-	-
Accrued Liabilities	25.16	21.91	-	30.53	35.63	33.93	31.57	-	-	-
Deferred Revenue	0.72	0.56	0.43	0.43	1.01	0.65	1.37	1.14	0.44	0.30
Other Current Liabilities	25.16	21.91	30.53	-	35.63	33.93	31.57	18.08	21.57	22.36
Total Current Liabilities	65.03	64.68	49.21	49.21	50.22	57.94	50.22	52.23	33.37	32.78
Non-Current Liabilities
Long-Term Debt	3.73	3.97	27.19	25.49	39.34	40.33	40.57	53.15	51.97	60.21
Other Non-Current Liabilities	0.17	0.00	1.06	1.06	0.46	0.81	2.55	0.78	0.77	0.00
Total Non-Current Liabilities	5.89	3.98	28.25	28.25	39.80	46.83	43.12	53.93	52.74	60.21
Total Liabilities	70.92	68.66	77.46	77.46	90.01	104.77	93.34	106.16	86.10	92.99
Stockholders' Equity
Common Stock	0.05	0.05	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.03
Retained Earnings	-437.96	-410.80	-381.52	-381.52	-318.30	-194.97	-184.91	-187.12	-185.37	-167.44
Accumulated Other Comprehensive Income	0.00	0.00	0.00	-	0.00	0.00	0.00	0.00	-1.23	-1.38
Treasury Stock	11.41	11.41	-	11.41	11.17	10.72	-	-	-	-
Additional Paid-in Capital	456.12	447.11	415.88	427.29	412.21	419.06	401.75	398.01	392.50	391.41
Shares Outstanding	29.64	20.02	-	13.55	13.35	13.16	-	-	-	-
Total Stockholders' Equity	18.21	24.96	34.40	34.40	93.96	213.41	216.89	210.94	207.17	224.01
Total Liabilities & Equity	89.13	93.62	111.87	111.87	183.97	318.18	310.22	317.09	293.27	317.00

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Fluent Balance Sheet

How much debt does Fluent have?

Fluent had total debt of $34.58M as of Dec 31, 2025, against $12.94M in cash and short-term investments. Its debt-to-equity ratio was 1.90. Total debt was $35.58M a year earlier.

What are Fluent's total assets?

Fluent reported total assets of $89.13M as of Dec 31, 2025, down 4.8% from $93.62M a year earlier. Total liabilities were $70.92M.

What is Fluent's shareholders' equity?

Fluent's shareholders' equity was $18.21M as of Dec 31, 2025, or about $0.61 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition