Fluent (FLNT) Cost of Revenue (2015 - 2026)
Fluent (FLNT) posted Cost of Revenue of $34.44 million for Q2 2026, unchanged from $34.43 million a year earlier and down 1.1% from the prior quarter.
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Analysis
Fluent (FLNT) Cost of Revenue (2015 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Cost of Revenue at Fluent was $148.58 million, down 16.8% year-over-year; for FY2025, it was $157.52 million, down 18.7% from FY2024.
- Annual Cost of Revenue has declined for three consecutive years, with a five-year compound annual growth rate of -6.0% (FY2020 to FY2025).
- In prior years, Fluent's Cost of Revenue was $193.82 million in FY2024 (-11.9%), $219.88 million in FY2023 (-17.8%), $267.49 million in FY2022 (+9.8%) and $243.72 million in FY2021 (+13.3%).
- Quarterly Cost of Revenue has run from a low of $34.43 million in Q2 2025 to a high of $72.34 million in Q4 2021 over five years.
- The strongest year-over-year quarter for Cost of Revenue in the past five years was Q1 2022, with growth of 32.5%; the weakest was Q3 2025, with a decline of 26.0%.
- According to Business Quant data, Cost of Revenue for the three prior quarters was $34.81 million (Q1 2026), $43.17 million (Q4 2025) and $36.16 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,126.42 Bn | 3,883.94 Bn | 73.85 Bn | 45.94 Bn |
| 2 | Meta Platforms | 1,763.57 Bn | 1,466.09 Bn | 49.47 Bn | 11.33 Bn |
| 3 | Netflix | 287.17 Bn | 247.37 Bn | 6.52 Bn | 6.04 Bn |
| 4 | Alibaba Group Holding | 252.08 Bn | 65.86 Bn | 15.11 Bn | 24.48 Bn |
| 5 | Shopify | 224.54 Bn | 201.72 Bn | 1.71 Bn | 1.88 Bn |
| 6 | Uber Technologies | 140.28 Bn | 112.08 Bn | 6.38 Bn | 7.82 Bn |
| 7 | Booking Holdings | 125.81 Bn | 58.86 Bn | - | - |
| 8 | PDD Holdings | 114.10 Bn | -129.68 Bn | 9.45 Bn | 7.08 Bn |
| 9 | Spotify Technology | 108.24 Bn | 65.74 Bn | 1.86 Bn | 3.70 Bn |
| 10 | Fluent | 86.75 Mn | 47.39 Mn | 14.01 Mn | 34.44 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 34.44 Mn |
| Mar 31, 2026 | 34.81 Mn |
| Dec 31, 2025 | 43.17 Mn |
| Sep 30, 2025 | 36.16 Mn |
| Jun 30, 2025 | 34.43 Mn |
| Mar 31, 2025 | 43.78 Mn |
| Dec 31, 2024 | 51.50 Mn |
| Sep 30, 2024 | 48.86 Mn |
| Jun 30, 2024 | 46.11 Mn |
| Mar 31, 2024 | 47.35 Mn |
| Dec 31, 2023 | 51.92 Mn |
| Sep 30, 2023 | 50.15 Mn |
| Jun 30, 2023 | 59.54 Mn |
| Mar 31, 2023 | 58.27 Mn |
| Dec 31, 2022 | 64.63 Mn |
| Sep 30, 2022 | 65.27 Mn |
| Jun 30, 2022 | 70.03 Mn |
| Mar 31, 2022 | 67.56 Mn |
| Dec 31, 2021 | 72.34 Mn |
| Sep 30, 2021 | 63.78 Mn |
API Access
Fluent Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=FLNT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "FLNT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=FLNT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();