Fluent (FLNT) Invested Capital (2010 - 2026)
Fluent (FLNT) recorded Invested Capital of $34.86 million in Q2 2026, down 10.6% from $38.98 million a year earlier and down 5.1% from the prior quarter.
Powered by 
Analysis
Fluent (FLNT) Invested Capital (2010 - 2026) Analysis & Trends
For FY2025, Fluent reported Invested Capital of $49.06 million, down 13.7% from FY2024.
- Annual Invested Capital has declined for four straight years, with a five-year compound annual growth rate of -28.2% (FY2020 to FY2025).
- Across earlier years, Invested Capital came in at $56.81 million in FY2024 (-12.4%), $64.89 million in FY2023 (-51.8%), $134.55 million in FY2022 (-48.0%) and $258.74 million in FY2021 (+0.5%).
- The Q2 2026 figure is the lowest quarterly Invested Capital since Q4 2011.
- On a year-over-year basis, Invested Capital has declined for 18 consecutive quarters, with an average decline of 19.2% over the last eight quarters.
- Peak year-over-year performance for Invested Capital in the last five years was growth of 0.5% in Q4 2021, against a decline of 66.7% in Q3 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at $36.74 million (Q1 2026), $49.06 million (Q4 2025) and $43.75 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,071.44 Bn | 3,828.96 Bn | 73.85 Bn | 738.65 Bn |
| 2 | Meta Platforms | 1,777.07 Bn | 1,479.59 Bn | 49.47 Bn | 344.89 Bn |
| 3 | Netflix | 272.74 Bn | 232.94 Bn | 6.52 Bn | 44.46 Bn |
| 4 | Alibaba Group Holding | 242.17 Bn | 55.95 Bn | 15.11 Bn | 184.39 Bn |
| 5 | Shopify | 225.98 Bn | 203.16 Bn | 1.71 Bn | - |
| 6 | Uber Technologies | 137.80 Bn | 109.60 Bn | 6.38 Bn | 40.94 Bn |
| 7 | Booking Holdings | 121.57 Bn | 54.62 Bn | - | 9.40 Bn |
| 8 | PDD Holdings | 110.14 Bn | -133.64 Bn | 9.45 Bn | - |
| 9 | Spotify Technology | 107.49 Bn | 64.99 Bn | 1.86 Bn | - |
| 10 | Fluent | 87.69 Mn | 48.34 Mn | 14.01 Mn | 34.86 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 34.86 Mn |
| Mar 31, 2026 | 36.74 Mn |
| Dec 31, 2025 | 49.06 Mn |
| Sep 30, 2025 | 43.75 Mn |
| Jun 30, 2025 | 38.98 Mn |
| Mar 31, 2025 | 43.84 Mn |
| Dec 31, 2024 | 56.81 Mn |
| Sep 30, 2024 | 53.06 Mn |
| Jun 30, 2024 | 60.74 Mn |
| Mar 31, 2024 | 59.73 Mn |
| Dec 31, 2023 | 64.89 Mn |
| Sep 30, 2023 | 67.29 Mn |
| Jun 30, 2023 | 106.12 Mn |
| Mar 31, 2023 | 102.33 Mn |
| Dec 31, 2022 | 134.55 Mn |
| Sep 30, 2022 | 201.83 Mn |
| Jun 30, 2022 | 199.08 Mn |
| Mar 31, 2022 | 256.32 Mn |
| Dec 31, 2021 | 258.74 Mn |
| Sep 30, 2021 | 254.89 Mn |
API Access
Fluent Invested Capital 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=invested-capital&ticker=FLNT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=FLNT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();