Fluent (FLNT) Operating Expenses (2014 - 2026)

Fluent (FLNT) recorded quarterly Operating Expenses of $48.8 million in Q1 2026, down 20.91% quarter-over-quarter from $61.7 million in Q4 2025, and down 21.71% on a YoY basis from $62.3 million in Q1 2025.

Fluent (FLNT) Operating Expenses (2014 - 2026) Analysis & Trends

Fluent's Operating Expenses history runs 13 years deep, the most recent figure standing at $48.8 million for Q1 2026.

  • In Q1 2026, Operating Expenses fell 21.71% year-over-year to $48.8 million; the TTM figure through Mar 2026 stood at $215.6 million (down 20.35% YoY), while the FY2025 annual figure was $229.1 million, down 17.68% from the prior year.
  • Operating Expenses was $48.8 million for Q1 2026 at Fluent, down from $61.7 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $151.9 million in Q4 2022 to a low of $48.8 million in Q1 2026.
  • Historically, Operating Expenses has averaged $82.1 million across 5 years, with a median of $70.8 million in 2024.
  • The sharpest annual moves came in 2022 and 2023: Operating Expenses jumped 91.67% in 2022, then plunged 50.91% in 2023.
  • A 5-year view of Operating Expenses shows it stood at $151.9 million in 2022, then slumped by 50.91% to $74.5 million in 2023, then dropped by 4.96% to $70.8 million in 2024, then retreated by 12.97% to $61.7 million in 2025, then fell by 20.91% to $48.8 million in 2026.
  • The last three Operating Expenses figures came in at $48.8 million (Q1 2026), $61.7 million (Q4 2025), and $53.3 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 AppLovin 175.91 Bn 173.15 Bn 1.78 Bn 402.52 Mn
2 Omnicom 22.52 Bn 18.86 Bn 1.04 Bn 5.60 Bn
3 Trade Desk 9.46 Bn 8.05 Bn 506.89 Mn 622.21 Mn
4 Wpp 2.71 Bn -875.81 Mn - -
5 Nexxen International 2.36 Bn 2.23 Bn 70.41 Mn 75.27 Mn
6 Magnite 2.27 Bn 2.09 Bn 118.28 Mn 156.65 Mn
7 Ziff Davis 1.74 Bn 1.22 Bn 152.41 Mn 264.71 Mn
8 DoubleVerify Holdings 1.69 Bn 1.51 Bn 135.23 Mn 71.10 Mn
9 Stagwell 1.60 Bn 1.51 Bn 244.61 Mn 694.50 Mn
10 Fluent 70.50 Mn 60.20 Mn 10.04 Mn 48.76 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 48.76 Mn
Dec 31, 2025 61.66 Mn
Sep 30, 2025 53.33 Mn
Jun 30, 2025 51.81 Mn
Mar 31, 2025 62.29 Mn
Dec 31, 2024 70.85 Mn
Sep 30, 2024 68.40 Mn
Jun 30, 2024 69.10 Mn
Mar 31, 2024 69.94 Mn
Dec 31, 2023 74.54 Mn
Sep 30, 2023 100.17 Mn
Jun 30, 2023 75.41 Mn
Mar 31, 2023 108.41 Mn
Dec 31, 2022 151.86 Mn
Sep 30, 2022 88.42 Mn
Jun 30, 2022 149.75 Mn
Mar 31, 2022 90.69 Mn
Dec 31, 2021 95.42 Mn
Sep 30, 2021 87.91 Mn
Jun 30, 2021 78.13 Mn