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Side-by-side financial comparison of Fluent, Inc. (FLNT) and LandBridge Co LLC (LB). Click either name above to swap in a different company.

Fluent, Inc. is the larger business by last-quarter revenue ($61.8M vs $56.8M, roughly 1.1× LandBridge Co LLC). LandBridge Co LLC runs the higher net margin — 14.2% vs -6.7%, a 20.8% gap on every dollar of revenue. On growth, LandBridge Co LLC posted the faster year-over-year revenue change (55.6% vs -5.5%). Over the past eight quarters, LandBridge Co LLC's revenue compounded faster (72.8% 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.

FLNT vs LB — Head-to-Head

Bigger by revenue
FLNT
FLNT
1.1× larger
FLNT
$61.8M
$56.8M
LB
Growing faster (revenue YoY)
LB
LB
+61.0% gap
LB
55.6%
-5.5%
FLNT
Higher net margin
LB
LB
20.8% more per $
LB
14.2%
-6.7%
FLNT
Faster 2-yr revenue CAGR
LB
LB
Annualised
LB
72.8%
-3.2%
FLNT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FLNT
FLNT
LB
LB
Revenue
$61.8M
$56.8M
Net Profit
$-4.1M
$8.1M
Gross Margin
Operating Margin
0.3%
60.0%
Net Margin
-6.7%
14.2%
Revenue YoY
-5.5%
55.6%
Net Profit YoY
-20.1%
-83.7%
EPS (diluted)
$-0.09
$0.24

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
LB
LB
Q4 25
$61.8M
$56.8M
Q3 25
$47.0M
$50.8M
Q2 25
$44.7M
$47.5M
Q1 25
$55.2M
$44.0M
Q4 24
$65.4M
$36.5M
Q3 24
$64.5M
$28.5M
Q2 24
$58.7M
$26.0M
Q1 24
$66.0M
$19.0M
Net Profit
FLNT
FLNT
LB
LB
Q4 25
$-4.1M
$8.1M
Q3 25
$-7.6M
$8.1M
Q2 25
$-7.2M
$7.5M
Q1 25
$-8.3M
$6.5M
Q4 24
$-3.4M
$49.3M
Q3 24
$-7.9M
$2.7M
Q2 24
$-11.6M
$-57.7M
Q1 24
$-6.3M
$10.8M
Operating Margin
FLNT
FLNT
LB
LB
Q4 25
0.3%
60.0%
Q3 25
-13.4%
60.8%
Q2 25
-15.9%
60.0%
Q1 25
-12.8%
57.0%
Q4 24
-8.3%
49.4%
Q3 24
-6.0%
11.2%
Q2 24
-17.7%
-197.4%
Q1 24
-6.0%
71.1%
Net Margin
FLNT
FLNT
LB
LB
Q4 25
-6.7%
14.2%
Q3 25
-16.1%
15.9%
Q2 25
-16.2%
15.8%
Q1 25
-15.0%
14.7%
Q4 24
-5.2%
135.2%
Q3 24
-12.3%
9.3%
Q2 24
-19.8%
-222.1%
Q1 24
-9.5%
56.7%
EPS (diluted)
FLNT
FLNT
LB
LB
Q4 25
$-0.09
$0.24
Q3 25
$-0.27
$0.26
Q2 25
$-0.30
$0.24
Q1 25
$-0.39
$0.20
Q4 24
$-0.12
Q3 24
$-0.48
$-0.04
Q2 24
$-0.75
Q1 24
$-0.45

Balance Sheet & Financial Strength

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

Metric
FLNT
FLNT
LB
LB
Cash + ST InvestmentsLiquidity on hand
$12.9M
$30.7M
Total DebtLower is stronger
$34.6M
$570.7M
Stockholders' EquityBook value
$18.2M
$340.3M
Total Assets
$89.1M
$1.4B
Debt / EquityLower = less leverage
1.90×
1.68×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLNT
FLNT
LB
LB
Q4 25
$12.9M
$30.7M
Q3 25
$9.2M
$28.3M
Q2 25
$4.9M
$20.3M
Q1 25
$4.8M
$14.9M
Q4 24
$9.4M
$37.0M
Q3 24
$6.6M
$14.4M
Q2 24
$5.0M
$24.6M
Q1 24
$11.7M
Total Debt
FLNT
FLNT
LB
LB
Q4 25
$34.6M
$570.7M
Q3 25
$26.0M
$366.1M
Q2 25
$23.2M
$370.9M
Q1 25
$25.6M
$375.5M
Q4 24
$35.6M
$385.5M
Q3 24
$37.9M
$242.4M
Q2 24
$33.3M
$360.8M
Q1 24
$31.0M
Stockholders' Equity
FLNT
FLNT
LB
LB
Q4 25
$18.2M
$340.3M
Q3 25
$21.6M
$272.0M
Q2 25
$19.1M
$266.4M
Q1 25
$22.0M
$217.0M
Q4 24
$25.0M
$211.8M
Q3 24
$20.0M
$97.2M
Q2 24
$27.5M
$296.4M
Q1 24
$28.7M
$162.3M
Total Assets
FLNT
FLNT
LB
LB
Q4 25
$89.1M
$1.4B
Q3 25
$76.1M
$1.1B
Q2 25
$74.5M
$1.1B
Q1 25
$77.5M
$1.0B
Q4 24
$93.6M
$1.0B
Q3 24
$77.5M
$689.9M
Q2 24
$98.5M
$710.5M
Q1 24
$103.6M
Debt / Equity
FLNT
FLNT
LB
LB
Q4 25
1.90×
1.68×
Q3 25
1.21×
1.35×
Q2 25
1.21×
1.39×
Q1 25
1.16×
1.73×
Q4 24
1.43×
1.82×
Q3 24
1.90×
2.49×
Q2 24
1.21×
1.22×
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
LB
LB
Operating Cash FlowLast quarter
$2.8M
$126.3M
Free Cash FlowOCF − Capex
$122.0M
FCF MarginFCF / Revenue
214.9%
Capex IntensityCapex / Revenue
7.5%
Cash ConversionOCF / Net Profit
15.68×
TTM Free Cash FlowTrailing 4 quarters
$207.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FLNT
FLNT
LB
LB
Q4 25
$2.8M
$126.3M
Q3 25
$-7.3M
$34.9M
Q2 25
$935.0K
$37.3M
Q1 25
$2.1M
$15.9M
Q4 24
$-2.1M
$67.6M
Q3 24
$1.2M
$7.5M
Q2 24
$-13.1M
$16.0M
Q1 24
$-132.0K
$17.2M
Free Cash Flow
FLNT
FLNT
LB
LB
Q4 25
$122.0M
Q3 25
$-7.3M
$33.7M
Q2 25
$36.1M
Q1 25
$15.8M
Q4 24
$66.7M
Q3 24
$1.2M
$7.1M
Q2 24
$15.7M
Q1 24
$17.1M
FCF Margin
FLNT
FLNT
LB
LB
Q4 25
214.9%
Q3 25
-15.6%
66.3%
Q2 25
75.9%
Q1 25
36.0%
Q4 24
182.6%
Q3 24
1.9%
25.1%
Q2 24
60.4%
Q1 24
90.1%
Capex Intensity
FLNT
FLNT
LB
LB
Q4 25
7.5%
Q3 25
0.0%
2.3%
Q2 25
2.6%
Q1 25
0.2%
Q4 24
2.7%
Q3 24
0.0%
1.1%
Q2 24
1.4%
Q1 24
0.5%
Cash Conversion
FLNT
FLNT
LB
LB
Q4 25
15.68×
Q3 25
4.31×
Q2 25
4.98×
Q1 25
2.46×
Q4 24
1.37×
Q3 24
2.80×
Q2 24
Q1 24
1.60×

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%

LB
LB

Segment breakdown not available.

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