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Side-by-side financial comparison of Fluent, Inc. (FLNT) and HA Sustainable Infrastructure Capital, Inc. (HASI). Click either name above to swap in a different company.
HA Sustainable Infrastructure Capital, Inc. is the larger business by last-quarter revenue ($114.8M vs $61.8M, roughly 1.9× Fluent, Inc.). Fluent, Inc. runs the higher net margin — -6.7% vs -46.8%, a 40.2% gap on every dollar of revenue. On growth, HA Sustainable Infrastructure Capital, Inc. posted the faster year-over-year revenue change (13.3% vs -5.5%). Over the past eight quarters, HA Sustainable Infrastructure Capital, Inc.'s revenue compounded faster (4.2% CAGR vs -3.2%).
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.
HA Sustainable Infrastructure Capital, Inc. (HASI) is a specialized investment firm focused on sustainable infrastructure assets covering renewable energy, energy efficiency, sustainable real estate and low-carbon utility segments. It primarily operates in North American markets, providing long-term capital to eligible sustainable projects and delivering stable risk-adjusted returns to investors through recurring cash flows from operational underlying assets.
FLNT vs HASI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $61.8M | $114.8M |
| Net Profit | $-4.1M | $-53.8M |
| Gross Margin | — | — |
| Operating Margin | 0.3% | -57.4% |
| Net Margin | -6.7% | -46.8% |
| Revenue YoY | -5.5% | 13.3% |
| Net Profit YoY | -20.1% | -176.7% |
| EPS (diluted) | $-0.09 | $-0.38 |
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.
| Q4 25 | $61.8M | $114.8M | ||
| Q3 25 | $47.0M | $103.1M | ||
| Q2 25 | $44.7M | $85.7M | ||
| Q1 25 | $55.2M | $96.9M | ||
| Q4 24 | $65.4M | $101.3M | ||
| Q3 24 | $64.5M | $82.0M | ||
| Q2 24 | $58.7M | $94.5M | ||
| Q1 24 | $66.0M | $105.8M |
| Q4 25 | $-4.1M | $-53.8M | ||
| Q3 25 | $-7.6M | $83.3M | ||
| Q2 25 | $-7.2M | $98.4M | ||
| Q1 25 | $-8.3M | $56.6M | ||
| Q4 24 | $-3.4M | $70.1M | ||
| Q3 24 | $-7.9M | $-19.6M | ||
| Q2 24 | $-11.6M | $26.5M | ||
| Q1 24 | $-6.3M | $123.0M |
| Q4 25 | 0.3% | -57.4% | ||
| Q3 25 | -13.4% | — | ||
| Q2 25 | -15.9% | — | ||
| Q1 25 | -12.8% | 84.7% | ||
| Q4 24 | -8.3% | 90.9% | ||
| Q3 24 | -6.0% | -32.1% | ||
| Q2 24 | -17.7% | 39.5% | ||
| Q1 24 | -6.0% | — |
| Q4 25 | -6.7% | -46.8% | ||
| Q3 25 | -16.1% | 80.8% | ||
| Q2 25 | -16.2% | 114.9% | ||
| Q1 25 | -15.0% | 58.4% | ||
| Q4 24 | -5.2% | 69.2% | ||
| Q3 24 | -12.3% | -23.9% | ||
| Q2 24 | -19.8% | 28.1% | ||
| Q1 24 | -9.5% | 116.3% |
| Q4 25 | $-0.09 | $-0.38 | ||
| Q3 25 | $-0.27 | $0.61 | ||
| Q2 25 | $-0.30 | $0.74 | ||
| Q1 25 | $-0.39 | $0.44 | ||
| Q4 24 | $-0.12 | $0.58 | ||
| Q3 24 | $-0.48 | $-0.17 | ||
| Q2 24 | $-0.75 | $0.23 | ||
| Q1 24 | $-0.45 | $0.98 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $12.9M | $110.2M |
| Total DebtLower is stronger | $34.6M | — |
| Stockholders' EquityBook value | $18.2M | $2.7B |
| Total Assets | $89.1M | $8.2B |
| Debt / EquityLower = less leverage | 1.90× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.9M | $110.2M | ||
| Q3 25 | $9.2M | $301.8M | ||
| Q2 25 | $4.9M | $86.5M | ||
| Q1 25 | $4.8M | $67.4M | ||
| Q4 24 | $9.4M | $129.8M | ||
| Q3 24 | $6.6M | $44.1M | ||
| Q2 24 | $5.0M | $145.7M | ||
| Q1 24 | $11.7M | $61.4M |
| Q4 25 | $34.6M | — | ||
| Q3 25 | $26.0M | — | ||
| Q2 25 | $23.2M | — | ||
| Q1 25 | $25.6M | — | ||
| Q4 24 | $35.6M | — | ||
| Q3 24 | $37.9M | — | ||
| Q2 24 | $33.3M | — | ||
| Q1 24 | $31.0M | — |
| Q4 25 | $18.2M | $2.7B | ||
| Q3 25 | $21.6M | $2.7B | ||
| Q2 25 | $19.1M | $2.6B | ||
| Q1 25 | $22.0M | $2.5B | ||
| Q4 24 | $25.0M | $2.4B | ||
| Q3 24 | $20.0M | $2.3B | ||
| Q2 24 | $27.5M | $2.3B | ||
| Q1 24 | $28.7M | $2.3B |
| Q4 25 | $89.1M | $8.2B | ||
| Q3 25 | $76.1M | $8.2B | ||
| Q2 25 | $74.5M | $7.6B | ||
| Q1 25 | $77.5M | $7.5B | ||
| Q4 24 | $93.6M | $7.1B | ||
| Q3 24 | $77.5M | $6.7B | ||
| Q2 24 | $98.5M | $6.7B | ||
| Q1 24 | $103.6M | $6.7B |
| Q4 25 | 1.90× | — | ||
| Q3 25 | 1.21× | — | ||
| Q2 25 | 1.21× | — | ||
| Q1 25 | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $2.8M | $167.3M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.8M | $167.3M | ||
| Q3 25 | $-7.3M | $-121.8M | ||
| Q2 25 | $935.0K | $79.6M | ||
| Q1 25 | $2.1M | $-37.1M | ||
| Q4 24 | $-2.1M | $5.9M | ||
| Q3 24 | $1.2M | $21.9M | ||
| Q2 24 | $-13.1M | $-24.8M | ||
| Q1 24 | $-132.0K | $20.9M |
| Q4 25 | — | — | ||
| Q3 25 | $-7.3M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $1.2M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | -15.6% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.9% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | -1.46× | ||
| Q2 25 | — | 0.81× | ||
| Q1 25 | — | -0.66× | ||
| Q4 24 | — | 0.08× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -0.94× | ||
| Q1 24 | — | 0.17× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FLNT
| Commerce Media Solutions | $34.7M | 56% |
| Owned And Operated | $21.3M | 34% |
| Call Solutions | $3.8M | 6% |
| Ad Parlor | $2.0M | 3% |
HASI
Segment breakdown not available.
