FLNT — what changed in the latest 10-Q
A section-by-section comparison of FLNT's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-13 vs the prior 10-Q · 2026-05-13
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +53 | −28 | ~36 | 42 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~3 | 0 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-13
Three months ended June 30, 2026, compared to three months ended June 30, 2025:
Revenue increased 8% to $48.4 million, compared to $44.7 million
Net loss was $6.2 million, or $0.20 per share, compared to net loss of $7.2 million or $0.30 per share
Gross profit (exclusive of depreciation and amortization) increased 36% to $14.0 million, representing 29% of revenue for the three months ended June 30, 2026, from $10.3 million, representing 23% of revenue for the three months ended June 30, 2025
Media margin increased 46% to $17.5 million, representing 36.1% of revenue for the three months ended June 30, 2026, from $11.9 million, representing 26.7% of revenue for the three months ended June 30, 2025
Text removed vs the prior filing · source: 10-Q · 2026-05-13
On March 17, 2024, Fluent, LLC, our wholly-owned subsidiary, entered into a junior secured promissory note (the "Note Payable") with Freedom Debt Relief, LLC ("FDR") in the principal amount of $2,000,000 in connection with the Amended Class Action Settlement Agreement dated May 31, 2023 by and betwe…
Three months ended March 31, 2026, compared to three months ended March 31, 2025:
Revenue decreased 19% to $44.9 million, compared to $55.2 million
Net loss was $5.4 million, or $0.17 per share, compared to net loss of $8.3 million or $0.39 per share
Gross profit (exclusive of depreciation and amortization) decreased 12% to $10.0 million, representing 22% of revenue for the three months ended March 31, 2026, from $11.4 million, representing 21% of revenue for the three months ended March 31, 2025
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice