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Side-by-side financial comparison of Fluent, Inc. (FLNT) and Vericel Corp (VCEL). Click either name above to swap in a different company.
Vericel Corp is the larger business by last-quarter revenue ($92.9M vs $61.8M, roughly 1.5× Fluent, Inc.). Vericel Corp runs the higher net margin — 25.0% vs -6.7%, a 31.7% gap on every dollar of revenue. On growth, Vericel Corp posted the faster year-over-year revenue change (23.3% vs -5.5%). Over the past eight quarters, Vericel Corp's revenue compounded faster (34.6% 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.
Vericel Corporation is a publicly traded American biopharmaceutical company which was known prior to October 2014 as Aastrom Bio. Aastrom Bio was formed in 1989 in Ann Arbor, Michigan.
FLNT vs VCEL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $61.8M | $92.9M |
| Net Profit | $-4.1M | $23.2M |
| Gross Margin | — | 78.7% |
| Operating Margin | 0.3% | 24.1% |
| Net Margin | -6.7% | 25.0% |
| Revenue YoY | -5.5% | 23.3% |
| Net Profit YoY | -20.1% | 17.3% |
| EPS (diluted) | $-0.09 | $0.46 |
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 | $92.9M | ||
| Q3 25 | $47.0M | $67.5M | ||
| Q2 25 | $44.7M | $63.2M | ||
| Q1 25 | $55.2M | $52.6M | ||
| Q4 24 | $65.4M | $75.4M | ||
| Q3 24 | $64.5M | $57.9M | ||
| Q2 24 | $58.7M | $52.7M | ||
| Q1 24 | $66.0M | $51.3M |
| Q4 25 | $-4.1M | $23.2M | ||
| Q3 25 | $-7.6M | $5.1M | ||
| Q2 25 | $-7.2M | $-553.0K | ||
| Q1 25 | $-8.3M | $-11.2M | ||
| Q4 24 | $-3.4M | $19.8M | ||
| Q3 24 | $-7.9M | $-901.0K | ||
| Q2 24 | $-11.6M | $-4.7M | ||
| Q1 24 | $-6.3M | $-3.9M |
| Q4 25 | — | 78.7% | ||
| Q3 25 | — | 73.5% | ||
| Q2 25 | — | 73.7% | ||
| Q1 25 | — | 69.0% | ||
| Q4 24 | — | 77.6% | ||
| Q3 24 | — | 71.9% | ||
| Q2 24 | — | 69.5% | ||
| Q1 24 | — | 68.9% |
| Q4 25 | 0.3% | 24.1% | ||
| Q3 25 | -13.4% | 5.1% | ||
| Q2 25 | -15.9% | -3.2% | ||
| Q1 25 | -12.8% | -24.3% | ||
| Q4 24 | -8.3% | 24.5% | ||
| Q3 24 | -6.0% | -4.3% | ||
| Q2 24 | -17.7% | -11.5% | ||
| Q1 24 | -6.0% | -10.7% |
| Q4 25 | -6.7% | 25.0% | ||
| Q3 25 | -16.1% | 7.5% | ||
| Q2 25 | -16.2% | -0.9% | ||
| Q1 25 | -15.0% | -21.4% | ||
| Q4 24 | -5.2% | 26.3% | ||
| Q3 24 | -12.3% | -1.6% | ||
| Q2 24 | -19.8% | -8.9% | ||
| Q1 24 | -9.5% | -7.5% |
| Q4 25 | $-0.09 | $0.46 | ||
| Q3 25 | $-0.27 | $0.10 | ||
| Q2 25 | $-0.30 | $-0.01 | ||
| Q1 25 | $-0.39 | $-0.23 | ||
| Q4 24 | $-0.12 | $0.40 | ||
| Q3 24 | $-0.48 | $-0.02 | ||
| Q2 24 | $-0.75 | $-0.10 | ||
| Q1 24 | $-0.45 | $-0.08 |
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 | $137.5M |
| Total DebtLower is stronger | $34.6M | — |
| Stockholders' EquityBook value | $18.2M | $354.6M |
| Total Assets | $89.1M | $488.0M |
| Debt / EquityLower = less leverage | 1.90× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.9M | $137.5M | ||
| Q3 25 | $9.2M | $135.4M | ||
| Q2 25 | $4.9M | $116.9M | ||
| Q1 25 | $4.8M | $112.9M | ||
| Q4 24 | $9.4M | $116.2M | ||
| Q3 24 | $6.6M | $101.7M | ||
| Q2 24 | $5.0M | $102.5M | ||
| Q1 24 | $11.7M | $110.6M |
| 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 | $354.6M | ||
| Q3 25 | $21.6M | $321.9M | ||
| Q2 25 | $19.1M | $306.8M | ||
| Q1 25 | $22.0M | $295.5M | ||
| Q4 24 | $25.0M | $292.0M | ||
| Q3 24 | $20.0M | $257.5M | ||
| Q2 24 | $27.5M | $243.0M | ||
| Q1 24 | $28.7M | $233.9M |
| Q4 25 | $89.1M | $488.0M | ||
| Q3 25 | $76.1M | $453.3M | ||
| Q2 25 | $74.5M | $435.6M | ||
| Q1 25 | $77.5M | $424.6M | ||
| Q4 24 | $93.6M | $432.7M | ||
| Q3 24 | $77.5M | $390.4M | ||
| Q2 24 | $98.5M | $376.8M | ||
| Q1 24 | $103.6M | $356.7M |
| 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 | $15.0M |
| Free Cash FlowOCF − Capex | — | $12.8M |
| FCF MarginFCF / Revenue | — | 13.8% |
| Capex IntensityCapex / Revenue | — | 2.4% |
| Cash ConversionOCF / Net Profit | — | 0.65× |
| TTM Free Cash FlowTrailing 4 quarters | — | $24.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.8M | $15.0M | ||
| Q3 25 | $-7.3M | $22.1M | ||
| Q2 25 | $935.0K | $8.2M | ||
| Q1 25 | $2.1M | $6.6M | ||
| Q4 24 | $-2.1M | $22.2M | ||
| Q3 24 | $1.2M | $10.2M | ||
| Q2 24 | $-13.1M | $18.5M | ||
| Q1 24 | $-132.0K | $7.2M |
| Q4 25 | — | $12.8M | ||
| Q3 25 | $-7.3M | $19.5M | ||
| Q2 25 | — | $81.0K | ||
| Q1 25 | — | $-7.6M | ||
| Q4 24 | — | $8.5M | ||
| Q3 24 | $1.2M | $-9.2M | ||
| Q2 24 | — | $1.8M | ||
| Q1 24 | — | $-6.8M |
| Q4 25 | — | 13.8% | ||
| Q3 25 | -15.6% | 28.8% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | -14.5% | ||
| Q4 24 | — | 11.2% | ||
| Q3 24 | 1.9% | -15.9% | ||
| Q2 24 | — | 3.4% | ||
| Q1 24 | — | -13.3% |
| Q4 25 | — | 2.4% | ||
| Q3 25 | 0.0% | 3.9% | ||
| Q2 25 | — | 12.9% | ||
| Q1 25 | — | 27.0% | ||
| Q4 24 | — | 18.3% | ||
| Q3 24 | 0.0% | 33.5% | ||
| Q2 24 | — | 31.8% | ||
| Q1 24 | — | 27.3% |
| Q4 25 | — | 0.65× | ||
| Q3 25 | — | 4.35× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.12× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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% |
VCEL
| MACI Implants And Kits | $84.1M | 90% |
| Other | $8.8M | 10% |
