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Side-by-side financial comparison of Fluent, Inc. (FLNT) and Star Equity Holdings, Inc. (STRR). 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× Star Equity Holdings, Inc.). Star Equity Holdings, Inc. runs the higher net margin — -3.0% vs -6.7%, a 3.7% gap on every dollar of revenue. On growth, Star Equity Holdings, Inc. posted the faster year-over-year revenue change (69.0% vs -5.5%). Over the past eight quarters, Star Equity Holdings, Inc.'s revenue compounded faster (29.5% 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.

Artists Equity is an American production company founded by actors and filmmakers Ben Affleck and Matt Damon in November 2022.

FLNT vs STRR — Head-to-Head

Bigger by revenue
FLNT
FLNT
1.1× larger
FLNT
$61.8M
$56.8M
STRR
Growing faster (revenue YoY)
STRR
STRR
+74.5% gap
STRR
69.0%
-5.5%
FLNT
Higher net margin
STRR
STRR
3.7% more per $
STRR
-3.0%
-6.7%
FLNT
Faster 2-yr revenue CAGR
STRR
STRR
Annualised
STRR
29.5%
-3.2%
FLNT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FLNT
FLNT
STRR
STRR
Revenue
$61.8M
$56.8M
Net Profit
$-4.1M
$-1.7M
Gross Margin
Operating Margin
0.3%
-0.2%
Net Margin
-6.7%
-3.0%
Revenue YoY
-5.5%
69.0%
Net Profit YoY
-20.1%
-192.1%
EPS (diluted)
$-0.09
$-0.49

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
STRR
STRR
Q4 25
$61.8M
$56.8M
Q3 25
$47.0M
$48.0M
Q2 25
$44.7M
$35.5M
Q1 25
$55.2M
$31.9M
Q4 24
$65.4M
$33.6M
Q3 24
$64.5M
$36.9M
Q2 24
$58.7M
$35.7M
Q1 24
$66.0M
$33.9M
Net Profit
FLNT
FLNT
STRR
STRR
Q4 25
$-4.1M
$-1.7M
Q3 25
$-7.6M
$-1.8M
Q2 25
$-7.2M
$-688.0K
Q1 25
$-8.3M
$-1.8M
Q4 24
$-3.4M
$-585.0K
Q3 24
$-7.9M
$-846.0K
Q2 24
$-11.6M
$-441.0K
Q1 24
$-6.3M
$-2.9M
Gross Margin
FLNT
FLNT
STRR
STRR
Q4 25
Q3 25
43.0%
Q2 25
Q1 25
Q4 24
Q3 24
50.5%
Q2 24
Q1 24
Operating Margin
FLNT
FLNT
STRR
STRR
Q4 25
0.3%
-0.2%
Q3 25
-13.4%
-3.4%
Q2 25
-15.9%
-0.6%
Q1 25
-12.8%
-5.4%
Q4 24
-8.3%
-0.4%
Q3 24
-6.0%
-1.2%
Q2 24
-17.7%
-0.5%
Q1 24
-6.0%
-9.0%
Net Margin
FLNT
FLNT
STRR
STRR
Q4 25
-6.7%
-3.0%
Q3 25
-16.1%
-3.7%
Q2 25
-16.2%
-1.9%
Q1 25
-15.0%
-5.5%
Q4 24
-5.2%
-1.7%
Q3 24
-12.3%
-2.3%
Q2 24
-19.8%
-1.2%
Q1 24
-9.5%
-8.6%
EPS (diluted)
FLNT
FLNT
STRR
STRR
Q4 25
$-0.09
$-0.49
Q3 25
$-0.27
$-0.54
Q2 25
$-0.30
$-0.23
Q1 25
$-0.39
$-0.59
Q4 24
$-0.12
$-0.21
Q3 24
$-0.48
$-0.28
Q2 24
$-0.75
$-0.15
Q1 24
$-0.45
$-0.95

Balance Sheet & Financial Strength

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

Metric
FLNT
FLNT
STRR
STRR
Cash + ST InvestmentsLiquidity on hand
$12.9M
$10.3M
Total DebtLower is stronger
$34.6M
Stockholders' EquityBook value
$18.2M
$65.7M
Total Assets
$89.1M
$113.2M
Debt / EquityLower = less leverage
1.90×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLNT
FLNT
STRR
STRR
Q4 25
$12.9M
$10.3M
Q3 25
$9.2M
$15.4M
Q2 25
$4.9M
$16.8M
Q1 25
$4.8M
$16.6M
Q4 24
$9.4M
$17.0M
Q3 24
$6.6M
$15.8M
Q2 24
$5.0M
$14.7M
Q1 24
$11.7M
$20.4M
Total Debt
FLNT
FLNT
STRR
STRR
Q4 25
$34.6M
Q3 25
$26.0M
$6.5M
Q2 25
$23.2M
Q1 25
$25.6M
Q4 24
$35.6M
$0
Q3 24
$37.9M
Q2 24
$33.3M
Q1 24
$31.0M
Stockholders' Equity
FLNT
FLNT
STRR
STRR
Q4 25
$18.2M
$65.7M
Q3 25
$21.6M
$67.8M
Q2 25
$19.1M
$40.1M
Q1 25
$22.0M
$39.5M
Q4 24
$25.0M
$40.4M
Q3 24
$20.0M
$42.9M
Q2 24
$27.5M
$42.6M
Q1 24
$28.7M
$44.3M
Total Assets
FLNT
FLNT
STRR
STRR
Q4 25
$89.1M
$113.2M
Q3 25
$76.1M
$117.1M
Q2 25
$74.5M
$55.6M
Q1 25
$77.5M
$53.2M
Q4 24
$93.6M
$52.6M
Q3 24
$77.5M
$52.6M
Q2 24
$98.5M
$52.6M
Q1 24
$103.6M
$52.6M
Debt / Equity
FLNT
FLNT
STRR
STRR
Q4 25
1.90×
Q3 25
1.21×
0.10×
Q2 25
1.21×
Q1 25
1.16×
Q4 24
1.43×
0.00×
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
STRR
STRR
Operating Cash FlowLast quarter
$2.8M
$-7.3M
Free Cash FlowOCF − Capex
$-9.0M
FCF MarginFCF / Revenue
-15.8%
Capex IntensityCapex / Revenue
3.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-13.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FLNT
FLNT
STRR
STRR
Q4 25
$2.8M
$-7.3M
Q3 25
$-7.3M
$-2.7M
Q2 25
$935.0K
$139.0K
Q1 25
$2.1M
$-802.0K
Q4 24
$-2.1M
$-2.8M
Q3 24
$1.2M
$1.3M
Q2 24
$-13.1M
$-4.3M
Q1 24
$-132.0K
$-1.8M
Free Cash Flow
FLNT
FLNT
STRR
STRR
Q4 25
$-9.0M
Q3 25
$-7.3M
$-3.4M
Q2 25
$102.0K
Q1 25
$-808.0K
Q4 24
$-2.8M
Q3 24
$1.2M
$1.3M
Q2 24
$-4.3M
Q1 24
$-1.8M
FCF Margin
FLNT
FLNT
STRR
STRR
Q4 25
-15.8%
Q3 25
-15.6%
-7.0%
Q2 25
0.3%
Q1 25
-2.5%
Q4 24
-8.3%
Q3 24
1.9%
3.4%
Q2 24
-12.0%
Q1 24
-5.3%
Capex Intensity
FLNT
FLNT
STRR
STRR
Q4 25
3.0%
Q3 25
0.0%
1.3%
Q2 25
0.1%
Q1 25
0.0%
Q4 24
0.1%
Q3 24
0.0%
0.0%
Q2 24
0.0%
Q1 24
0.0%

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%

STRR
STRR

Revenue From Other Contracts With Customers$27.6M49%
Other$24.3M43%
Energy Services Segment$4.9M9%

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