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Side-by-side financial comparison of Fluent, Inc. (FLNT) and IRONWOOD PHARMACEUTICALS INC (IRWD). Click either name above to swap in a different company.

Fluent, Inc. is the larger business by last-quarter revenue ($61.8M vs $47.7M, roughly 1.3× IRONWOOD PHARMACEUTICALS INC). IRONWOOD PHARMACEUTICALS INC runs the higher net margin — -4.8% vs -6.7%, a 1.9% gap on every dollar of revenue. On growth, Fluent, Inc. posted the faster year-over-year revenue change (-5.5% vs -47.3%). Over the past eight quarters, Fluent, Inc.'s revenue compounded faster (-3.2% CAGR vs -20.2%).

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.

Ironwood Pharmaceuticals, Inc. is a publicly traded pharmaceutical company. It was originally called Microbia, Inc.

FLNT vs IRWD — Head-to-Head

Bigger by revenue
FLNT
FLNT
1.3× larger
FLNT
$61.8M
$47.7M
IRWD
Growing faster (revenue YoY)
FLNT
FLNT
+41.8% gap
FLNT
-5.5%
-47.3%
IRWD
Higher net margin
IRWD
IRWD
1.9% more per $
IRWD
-4.8%
-6.7%
FLNT
Faster 2-yr revenue CAGR
FLNT
FLNT
Annualised
FLNT
-3.2%
-20.2%
IRWD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FLNT
FLNT
IRWD
IRWD
Revenue
$61.8M
$47.7M
Net Profit
$-4.1M
$-2.3M
Gross Margin
Operating Margin
0.3%
14.3%
Net Margin
-6.7%
-4.8%
Revenue YoY
-5.5%
-47.3%
Net Profit YoY
-20.1%
-200.9%
EPS (diluted)
$-0.09
$0.01

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
FLNT
FLNT
IRWD
IRWD
Q4 25
$61.8M
$47.7M
Q3 25
$47.0M
$122.1M
Q2 25
$44.7M
$85.2M
Q1 25
$55.2M
$41.1M
Q4 24
$65.4M
$90.5M
Q3 24
$64.5M
$91.6M
Q2 24
$58.7M
$94.4M
Q1 24
$66.0M
$74.9M
Net Profit
FLNT
FLNT
IRWD
IRWD
Q4 25
$-4.1M
$-2.3M
Q3 25
$-7.6M
$40.1M
Q2 25
$-7.2M
$23.6M
Q1 25
$-8.3M
$-37.4M
Q4 24
$-3.4M
$2.3M
Q3 24
$-7.9M
$3.6M
Q2 24
$-11.6M
$-860.0K
Q1 24
$-6.3M
$-4.2M
Operating Margin
FLNT
FLNT
IRWD
IRWD
Q4 25
0.3%
14.3%
Q3 25
-13.4%
61.8%
Q2 25
-15.9%
53.2%
Q1 25
-12.8%
-70.7%
Q4 24
-8.3%
34.8%
Q3 24
-6.0%
28.0%
Q2 24
-17.7%
26.5%
Q1 24
-6.0%
14.7%
Net Margin
FLNT
FLNT
IRWD
IRWD
Q4 25
-6.7%
-4.8%
Q3 25
-16.1%
32.8%
Q2 25
-16.2%
27.7%
Q1 25
-15.0%
-90.9%
Q4 24
-5.2%
2.5%
Q3 24
-12.3%
4.0%
Q2 24
-19.8%
-0.9%
Q1 24
-9.5%
-5.6%
EPS (diluted)
FLNT
FLNT
IRWD
IRWD
Q4 25
$-0.09
$0.01
Q3 25
$-0.27
$0.23
Q2 25
$-0.30
$0.14
Q1 25
$-0.39
$-0.23
Q4 24
$-0.12
$0.03
Q3 24
$-0.48
$0.02
Q2 24
$-0.75
$-0.01
Q1 24
$-0.45
$-0.03

Balance Sheet & Financial Strength

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

Metric
FLNT
FLNT
IRWD
IRWD
Cash + ST InvestmentsLiquidity on hand
$12.9M
$215.5M
Total DebtLower is stronger
$34.6M
Stockholders' EquityBook value
$18.2M
$-261.8M
Total Assets
$89.1M
$396.9M
Debt / EquityLower = less leverage
1.90×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLNT
FLNT
IRWD
IRWD
Q4 25
$12.9M
$215.5M
Q3 25
$9.2M
$140.4M
Q2 25
$4.9M
$92.9M
Q1 25
$4.8M
$108.5M
Q4 24
$9.4M
$88.6M
Q3 24
$6.6M
$88.2M
Q2 24
$5.0M
$105.5M
Q1 24
$11.7M
$121.5M
Total Debt
FLNT
FLNT
IRWD
IRWD
Q4 25
$34.6M
Q3 25
$26.0M
$199.5M
Q2 25
$23.2M
$199.3M
Q1 25
$25.6M
$199.2M
Q4 24
$35.6M
$199.0M
Q3 24
$37.9M
$198.8M
Q2 24
$33.3M
$198.6M
Q1 24
$31.0M
$398.3M
Stockholders' Equity
FLNT
FLNT
IRWD
IRWD
Q4 25
$18.2M
$-261.8M
Q3 25
$21.6M
$-264.2M
Q2 25
$19.1M
$-308.2M
Q1 25
$22.0M
$-334.1M
Q4 24
$25.0M
$-301.3M
Q3 24
$20.0M
$-311.3M
Q2 24
$27.5M
$-321.7M
Q1 24
$28.7M
$-330.5M
Total Assets
FLNT
FLNT
IRWD
IRWD
Q4 25
$89.1M
$396.9M
Q3 25
$76.1M
$396.1M
Q2 25
$74.5M
$342.9M
Q1 25
$77.5M
$327.2M
Q4 24
$93.6M
$350.9M
Q3 24
$77.5M
$389.5M
Q2 24
$98.5M
$395.6M
Q1 24
$103.6M
$438.8M
Debt / Equity
FLNT
FLNT
IRWD
IRWD
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
FLNT
FLNT
IRWD
IRWD
Operating Cash FlowLast quarter
$2.8M
$74.6M
Free Cash FlowOCF − Capex
$74.6M
FCF MarginFCF / Revenue
156.3%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$127.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FLNT
FLNT
IRWD
IRWD
Q4 25
$2.8M
$74.6M
Q3 25
$-7.3M
$47.6M
Q2 25
$935.0K
$-15.1M
Q1 25
$2.1M
$20.0M
Q4 24
$-2.1M
$15.2M
Q3 24
$1.2M
$9.9M
Q2 24
$-13.1M
$33.5M
Q1 24
$-132.0K
$45.0M
Free Cash Flow
FLNT
FLNT
IRWD
IRWD
Q4 25
$74.6M
Q3 25
$-7.3M
$47.6M
Q2 25
$-15.1M
Q1 25
$19.9M
Q4 24
Q3 24
$1.2M
$9.9M
Q2 24
$33.4M
Q1 24
$44.9M
FCF Margin
FLNT
FLNT
IRWD
IRWD
Q4 25
156.3%
Q3 25
-15.6%
39.0%
Q2 25
-17.7%
Q1 25
48.4%
Q4 24
Q3 24
1.9%
10.8%
Q2 24
35.4%
Q1 24
60.0%
Capex Intensity
FLNT
FLNT
IRWD
IRWD
Q4 25
0.0%
Q3 25
0.0%
0.0%
Q2 25
0.0%
Q1 25
0.1%
Q4 24
0.0%
Q3 24
0.0%
0.0%
Q2 24
0.1%
Q1 24
0.1%
Cash Conversion
FLNT
FLNT
IRWD
IRWD
Q4 25
Q3 25
1.19×
Q2 25
-0.64×
Q1 25
Q4 24
6.74×
Q3 24
2.71×
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

FLNT
FLNT

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

IRWD
IRWD

Segment breakdown not available.

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