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Side-by-side financial comparison of CBAK Energy Technology, Inc. (CBAT) and Fluent, Inc. (FLNT). Click either name above to swap in a different company.

Fluent, Inc. is the larger business by last-quarter revenue ($61.8M vs $58.8M, roughly 1.1× CBAK Energy Technology, Inc.). Fluent, Inc. runs the higher net margin — -6.7% vs -12.5%, a 5.9% gap on every dollar of revenue. On growth, CBAK Energy Technology, Inc. posted the faster year-over-year revenue change (131.8% vs -5.5%). Over the past eight quarters, CBAK Energy Technology, Inc.'s revenue compounded faster (-0.0% CAGR vs -3.2%).

CBAK Energy Technology, Inc. is a global supplier of lithium-ion battery products including high-performance cells, modules and battery packs. It serves key segments such as electric vehicles, stationary energy storage systems and consumer electronics, with core operations in China and a worldwide customer base.

THG Fluently, formerly Language Connect, is a translation and language localisation service provided by THG Ingenuity. It provides a range of language services, including translation, interpreting, localisation, voice-overs, transcription, and multilingual search engine optimization.

CBAT vs FLNT — Head-to-Head

Bigger by revenue
FLNT
FLNT
1.1× larger
FLNT
$61.8M
$58.8M
CBAT
Growing faster (revenue YoY)
CBAT
CBAT
+137.3% gap
CBAT
131.8%
-5.5%
FLNT
Higher net margin
FLNT
FLNT
5.9% more per $
FLNT
-6.7%
-12.5%
CBAT
Faster 2-yr revenue CAGR
CBAT
CBAT
Annualised
CBAT
-0.0%
-3.2%
FLNT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CBAT
CBAT
FLNT
FLNT
Revenue
$58.8M
$61.8M
Net Profit
$-7.4M
$-4.1M
Gross Margin
7.3%
Operating Margin
-13.6%
0.3%
Net Margin
-12.5%
-6.7%
Revenue YoY
131.8%
-5.5%
Net Profit YoY
-63.6%
-20.1%
EPS (diluted)
$-0.08
$-0.09

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CBAT
CBAT
FLNT
FLNT
Q4 25
$58.8M
$61.8M
Q3 25
$60.9M
$47.0M
Q2 25
$40.5M
$44.7M
Q1 25
$34.9M
$55.2M
Q4 24
$25.4M
$65.4M
Q3 24
$44.6M
$64.5M
Q2 24
$47.8M
$58.7M
Q1 24
$58.8M
$66.0M
Net Profit
CBAT
CBAT
FLNT
FLNT
Q4 25
$-7.4M
$-4.1M
Q3 25
$2.7M
$-7.6M
Q2 25
$-3.1M
$-7.2M
Q1 25
$-1.6M
$-8.3M
Q4 24
$-4.5M
$-3.4M
Q3 24
$17.6K
$-7.9M
Q2 24
$6.4M
$-11.6M
Q1 24
$9.8M
$-6.3M
Gross Margin
CBAT
CBAT
FLNT
FLNT
Q4 25
7.3%
Q3 25
8.0%
Q2 25
11.0%
Q1 25
13.7%
Q4 24
13.1%
Q3 24
15.6%
Q2 24
26.6%
Q1 24
31.9%
Operating Margin
CBAT
CBAT
FLNT
FLNT
Q4 25
-13.6%
0.3%
Q3 25
-6.6%
-13.4%
Q2 25
-8.7%
-15.9%
Q1 25
-8.2%
-12.8%
Q4 24
-26.0%
-8.3%
Q3 24
-1.9%
-6.0%
Q2 24
12.4%
-17.7%
Q1 24
17.4%
-6.0%
Net Margin
CBAT
CBAT
FLNT
FLNT
Q4 25
-12.5%
-6.7%
Q3 25
4.4%
-16.1%
Q2 25
-7.6%
-16.2%
Q1 25
-4.5%
-15.0%
Q4 24
-17.8%
-5.2%
Q3 24
0.0%
-12.3%
Q2 24
13.5%
-19.8%
Q1 24
16.7%
-9.5%
EPS (diluted)
CBAT
CBAT
FLNT
FLNT
Q4 25
$-0.08
$-0.09
Q3 25
$0.03
$-0.27
Q2 25
$-0.03
$-0.30
Q1 25
$-0.02
$-0.39
Q4 24
$-0.05
$-0.12
Q3 24
$0.00
$-0.48
Q2 24
$0.07
$-0.75
Q1 24
$0.11
$-0.45

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CBAT
CBAT
FLNT
FLNT
Cash + ST InvestmentsLiquidity on hand
$8.3M
$12.9M
Total DebtLower is stronger
$4.1M
$34.6M
Stockholders' EquityBook value
$112.7M
$18.2M
Total Assets
$426.2M
$89.1M
Debt / EquityLower = less leverage
0.04×
1.90×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CBAT
CBAT
FLNT
FLNT
Q4 25
$8.3M
$12.9M
Q3 25
$10.5M
$9.2M
Q2 25
$45.7M
$4.9M
Q1 25
$9.6M
$4.8M
Q4 24
$11.0M
$9.4M
Q3 24
$24.2M
$6.6M
Q2 24
$44.1M
$5.0M
Q1 24
$23.8M
$11.7M
Total Debt
CBAT
CBAT
FLNT
FLNT
Q4 25
$4.1M
$34.6M
Q3 25
$4.8M
$26.0M
Q2 25
$4.9M
$23.2M
Q1 25
$4.1M
$25.6M
Q4 24
$35.6M
Q3 24
$37.9M
Q2 24
$33.3M
Q1 24
$31.0M
Stockholders' Equity
CBAT
CBAT
FLNT
FLNT
Q4 25
$112.7M
$18.2M
Q3 25
$121.4M
$21.6M
Q2 25
$118.2M
$19.1M
Q1 25
$120.8M
$22.0M
Q4 24
$121.7M
$25.0M
Q3 24
$131.2M
$20.0M
Q2 24
$126.6M
$27.5M
Q1 24
$120.9M
$28.7M
Total Assets
CBAT
CBAT
FLNT
FLNT
Q4 25
$426.2M
$89.1M
Q3 25
$363.9M
$76.1M
Q2 25
$333.1M
$74.5M
Q1 25
$311.5M
$77.5M
Q4 24
$302.2M
$93.6M
Q3 24
$293.5M
$77.5M
Q2 24
$279.6M
$98.5M
Q1 24
$286.5M
$103.6M
Debt / Equity
CBAT
CBAT
FLNT
FLNT
Q4 25
0.04×
1.90×
Q3 25
0.04×
1.21×
Q2 25
0.04×
1.21×
Q1 25
0.03×
1.16×
Q4 24
1.43×
Q3 24
1.90×
Q2 24
1.21×
Q1 24
1.08×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CBAT
CBAT
FLNT
FLNT
Operating Cash FlowLast quarter
$29.8M
$2.8M
Free Cash FlowOCF − Capex
$16.1M
FCF MarginFCF / Revenue
27.3%
Capex IntensityCapex / Revenue
23.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$3.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CBAT
CBAT
FLNT
FLNT
Q4 25
$29.8M
$2.8M
Q3 25
$14.6M
$-7.3M
Q2 25
$13.8M
$935.0K
Q1 25
$-9.6M
$2.1M
Q4 24
$9.6M
$-2.1M
Q3 24
$19.7M
$1.2M
Q2 24
$2.9M
$-13.1M
Q1 24
$7.4M
$-132.0K
Free Cash Flow
CBAT
CBAT
FLNT
FLNT
Q4 25
$16.1M
Q3 25
$6.0M
$-7.3M
Q2 25
$4.1M
Q1 25
$-22.3M
Q4 24
$3.9M
Q3 24
$16.5M
$1.2M
Q2 24
$2.5M
Q1 24
$-454.0K
FCF Margin
CBAT
CBAT
FLNT
FLNT
Q4 25
27.3%
Q3 25
9.9%
-15.6%
Q2 25
10.2%
Q1 25
-63.9%
Q4 24
15.5%
Q3 24
37.1%
1.9%
Q2 24
5.2%
Q1 24
-0.8%
Capex Intensity
CBAT
CBAT
FLNT
FLNT
Q4 25
23.4%
Q3 25
14.1%
0.0%
Q2 25
23.8%
Q1 25
36.3%
Q4 24
22.5%
Q3 24
7.0%
0.0%
Q2 24
0.9%
Q1 24
13.4%
Cash Conversion
CBAT
CBAT
FLNT
FLNT
Q4 25
Q3 25
5.51×
Q2 25
Q1 25
Q4 24
Q3 24
1115.72×
Q2 24
0.46×
Q1 24
0.76×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CBAT
CBAT

Manufacturing Lithium Batteries$28.0M48%
Residential Energy Supply And Uninterruptable Supplies$17.8M30%
Light Electric Vehicles$12.9M22%
Precursor$108.0K0%

FLNT
FLNT

Commerce Media Solutions$34.7M56%
Owned And Operated$21.3M34%
Call Solutions$3.8M6%
Ad Parlor$2.0M3%

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