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Fluent Inc is a data-driven digital marketing services company. It performs customer acquisition services by operating digital marketing campaigns, through which it connects its advertiser clients with consumers they are seeking to reach. It delivers data and performance-based marketing executions to its clients, such as consumer brands, direct marketers and agencies across a wide range of industries, including Financial Products & Services, Media & Entertainment, Health & Wellness, Staffing & Recruitment and Retail & Consumer.
2015
210
LTM Revenue $260M
LTM EBITDA -$2.9M
$74.1M
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Fluent has a last 12-month revenue of $260M and a last 12-month EBITDA of -$2.9M.
In the most recent fiscal year, Fluent achieved revenue of $255M and an EBITDA of -$16.4M.
Fluent expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Fluent valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $298M | $255M | XXX | XXX | XXX |
| Gross Profit | $93.6M | $78.5M | XXX | XXX | XXX |
| Gross Margin | 31% | 31% | XXX | XXX | XXX |
| EBITDA | -$49.3M | -$16.4M | XXX | XXX | XXX |
| EBITDA Margin | -17% | -6% | XXX | XXX | XXX |
| Net Profit | -$123M | -$63.2M | XXX | XXX | XXX |
| Net Margin | -41% | -25% | XXX | XXX | XXX |
| Net Debt | $15.0M | $14.7M | XXX | XXX | XXX |
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As of April 15, 2025, Fluent's stock price is $2.
Fluent has current market cap of $46.1M, and EV of $74.1M.
See Fluent trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $74.1M | $46.1M | XXX | XXX | XXX | XXX | $-0.95 |
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Sign UpAs of April 15, 2025, Fluent has market cap of $46.1M and EV of $74.1M.
Fluent's trades at 0.3x LTM EV/Revenue multiple, and -25.9x LTM EBITDA.
Analysts estimate Fluent's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Fluent and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $74.1M | XXX | XXX | XXX |
| EV/Revenue | 0.3x | XXX | XXX | XXX |
| EV/EBITDA | -4.5x | XXX | XXX | XXX |
| P/E | -1.6x | XXX | XXX | XXX |
| P/E/Growth | n/a | XXX | XXX | XXX |
| EV/FCF | -3.6x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpFluent's NTM/LTM revenue growth is 8%
Fluent's revenue per employee for the last fiscal year averaged $1.2M, while opex per employee averaged $0.4M for the same period.
Over next 12 months, Fluent's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Fluent's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Fluent and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | -15% | XXX | XXX | XXX | XXX |
| EBITDA Margin | -6% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -67% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 1% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $1.2M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.4M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 0% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 19% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 7% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 31% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Azerion Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Adveritas | XXX | XXX | XXX | XXX | XXX | XXX |
| Brightcom Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Affle India | XXX | XXX | XXX | XXX | XXX | XXX |
| Investor.bg | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Fluent acquired XXX companies to date.
Last acquisition by Fluent was XXXXXXXX, XXXXX XXXXX XXXXXX . Fluent acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Fluent founded? | Fluent was founded in 2015. |
| Where is Fluent headquartered? | Fluent is headquartered in United States of America. |
| How many employees does Fluent have? | As of today, Fluent has 210 employees. |
| Who is the CEO of Fluent? | Fluent's CEO is Mr. Donald Patrick. |
| Is Fluent publicy listed? | Yes, Fluent is a public company listed on NAS. |
| What is the stock symbol of Fluent? | Fluent trades under FLNT ticker. |
| When did Fluent go public? | Fluent went public in 2007. |
| Who are competitors of Fluent? | Similar companies to Fluent include e.g. Azerion Group, Adveritas, Brightcom Group, Affle India. |
| What is the current market cap of Fluent? | Fluent's current market cap is $46.1M |
| What is the current revenue of Fluent? | Fluent's last 12-month revenue is $260M. |
| What is the current EBITDA of Fluent? | Fluent's last 12-month EBITDA is -$2.9M. |
| What is the current EV/Revenue multiple of Fluent? | Current revenue multiple of Fluent is 0.3x. |
| What is the current EV/EBITDA multiple of Fluent? | Current EBITDA multiple of Fluent is -25.9x. |
| What is the current revenue growth of Fluent? | Fluent revenue growth between 2023 and 2024 was -15%. |
| Is Fluent profitable? | Yes, Fluent is EBITDA-positive (as of the last 12 months). |
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