v3.26.1
Note 9 - Segment Information (Tables)
6 Months Ended
Jun. 30, 2026
Notes Tables  
Segment Reporting [Table Text Block]

 

 

Three Months Ended June 30,

 

 

Three Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

 

Fluent

 

 

Total

 

 

Fluent

 

 

Total

 

Revenue(1):

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

United States

 

$

27,810

 

 

 

 

​

 

$

27,897

 

 

 

 

​

International

 

 

19,037

 

 

 

 

​

 

 

15,215

 

 

 

 

​

Total segment revenue

 

$

46,847

 

 

 

 

​

 

$

43,112

 

 

 

 

​

 

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

Reconciliation of revenue

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

Unallocated revenue

 

 

 

​

 

 

1,602

 

 

 

 

​

 

 

1,594

 

Total revenue

 

 

 

​

 

$

48,449

 

 

 

 

​

 

$

44,706

 

 

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

Costs of revenue

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

Cost of revenue (exclusive of depreciation and amortization)

 

 

33,993

 

 

 

 

​

 

 

34,301

 

 

 

 

​

 

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

Costs and expenses:

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

Salaries and benefits

 

 

9,039

 

 

 

 

​

 

 

7,343

 

 

 

 

​

Professional fees

 

 

1,477

 

 

 

 

​

 

 

1,501

 

 

 

 

​

IT and software

 

 

1,284

 

 

 

 

​

 

 

1,071

 

 

 

 

​

Other segment items(2)

 

 

3,826

 

 

 

 

​

 

 

3,830

 

 

 

 

​

Segment EBITDA

 

$

(2,772

)

 

 

 

​

 

$

(4,934

)

 

 

 

​

 

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

Reconciliation of Segment EBITDA to loss before income taxes

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

Segment EBITDA (from above)

 

 

 

​

 

$

(2,772

)

 

 

 

​

 

$

(4,934

)

Plus: Unallocated revenue

 

 

 

​

 

 

1,602

 

 

 

 

​

 

 

1,594

 

Less:

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

Unallocated cost of revenue (exclusive of depreciation and amortization)

 

 

 

​

 

 

447

 

 

 

 

​

 

 

125

 

Unallocated salaries and benefits

 

 

 

​

 

 

1,053

 

 

 

 

​

 

 

930

 

Unallocated professional fees

 

 

 

​

 

 

111

 

 

 

 

​

 

 

82

 

Unallocated IT and software

 

 

 

​

 

 

70

 

 

 

 

​

 

 

53

 

Unallocated other operating items(2)

 

 

 

​

 

 

390

 

 

 

 

​

 

 

97

 

Depreciation and amortization

 

 

 

​

 

 

1,710

 

 

 

 

​

 

 

2,479

 

Interest expense, net

 

 

 

​

 

 

637

 

 

 

 

​

 

 

702

 

Fair value adjustment of Convertible Notes, with related parties

 

 

 

​

 

 

584

 

 

 

 

​

 

 

(478

)

Loss before income taxes

 

 

 

​

 

$

(6,172

)

 

 

 

​

 

$

(7,330

)

 

 

Six Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

 

Fluent

 

 

Total

 

 

Fluent

 

 

Total

 

Revenue(1):

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

United States

 

$

53,694

 

 

 

 

​

 

$

63,802

 

 

 

 

​

International

 

 

35,978

 

 

 

 

​

 

 

33,131

 

 

 

 

​

Total segment revenue

 

$

89,672

 

 

 

 

​

 

$

96,933

 

 

 

 

​

 

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

Reconciliation of revenue

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

Unallocated revenue

 

 

 

​

 

 

3,629

 

 

 

 

​

 

 

2,983

 

Total revenue

 

 

 

​

 

$

93,301

 

 

 

 

​

 

$

99,916

 

 

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

Costs of revenue

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

Cost of revenue (exclusive of depreciation and amortization)

 

 

68,457

 

 

 

 

​

 

 

78,033

 

 

 

 

​

 

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

Costs and expenses:

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

Salaries and benefits

 

 

16,605

 

 

 

 

​

 

 

15,032

 

 

 

 

​

Professional fees

 

 

3,022

 

 

 

 

​

 

 

3,660

 

 

 

 

​

IT and software

 

 

2,340

 

 

 

 

​

 

 

2,257

 

 

 

 

​

Other segment items(2)

 

 

4,277

 

 

 

 

​

 

 

7,163

 

 

 

 

​

Segment EBITDA

 

$

(5,029

)

 

 

 

​

 

$

(9,212

)

 

 

 

​

 

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

Reconciliation of Segment EBITDA to loss before income taxes

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

Segment EBITDA (from above)

 

 

 

​

 

$

(5,029

)

 

 

 

​

 

$

(9,212

)

Plus: Unallocated revenue

 

 

 

​

 

 

3,629

 

 

 

 

​

 

 

2,983

 

Less:

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

Unallocated cost of revenue (exclusive of depreciation and amortization)

 

 

 

​

 

 

796

 

 

 

 

​

 

 

168

 

Unallocated salaries and benefits

 

 

 

​

 

 

2,115

 

 

 

 

​

 

 

2,047

 

Unallocated professional fees

 

 

 

​

 

 

294

 

 

 

 

​

 

 

164

 

Unallocated IT and software

 

 

 

​

 

 

127

 

 

 

 

​

 

 

145

 

Unallocated other operating items(2)

 

 

 

​

 

 

737

 

 

 

 

​

 

 

489

 

Depreciation and amortization

 

 

 

​

 

 

3,391

 

 

 

 

​

 

 

4,940

 

Interest expense, net

 

 

 

​

 

 

1,242

 

 

 

 

​

 

 

1,582

 

Fair value adjustment of Convertible Notes, with related parties

 

 

 

​

 

 

1,421

 

 

 

 

​

 

 

(398

)

Loss before income taxes

 

 

 

​

 

$

(11,523

)

 

 

 

​

 

$

(15,366

)

 

 

June 30,

 

 

December 31,

 

 

 

2026

 

 

2025

 

Total assets:

 

 

 

​

 

 

 

​

Fluent

 

$

65,626

 

 

$

79,570

 

Unallocated

 

 

9,507

 

 

 

9,563

 

Total assets

 

$

75,133

 

 

$

89,133