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Side-by-side financial comparison of Fluent, Inc. (FLNT) and Velocity Financial, Inc. (VEL). Click either name above to swap in a different company.
Fluent, Inc. is the larger business by last-quarter revenue ($61.8M vs $51.6M, roughly 1.2× Velocity Financial, Inc.). Velocity Financial, Inc. runs the higher net margin — 67.3% vs -6.7%, a 74.0% gap on every dollar of revenue. On growth, Velocity Financial, Inc. posted the faster year-over-year revenue change (32.8% vs -5.5%). Over the past eight quarters, Velocity Financial, Inc.'s revenue compounded faster (32.3% 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.
Velocity Financial, Inc. is a U.S.-headquartered real estate finance company that offers specialized mortgage loan solutions primarily for residential investment properties. It partners with independent mortgage brokers nationwide, providing real estate investors with short-term bridge loans and long-term rental property financing options tailored to their operational needs.
FLNT vs VEL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $61.8M | $51.6M |
| Net Profit | $-4.1M | $34.8M |
| Gross Margin | — | — |
| Operating Margin | 0.3% | 97.0% |
| Net Margin | -6.7% | 67.3% |
| Revenue YoY | -5.5% | 32.8% |
| Net Profit YoY | -20.1% | 67.0% |
| EPS (diluted) | $-0.09 | $0.90 |
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 | $51.6M | ||
| Q3 25 | $47.0M | $49.1M | ||
| Q2 25 | $44.7M | $47.6M | ||
| Q1 25 | $55.2M | $37.5M | ||
| Q4 24 | $65.4M | $38.9M | ||
| Q3 24 | $64.5M | $35.1M | ||
| Q2 24 | $58.7M | $32.4M | ||
| Q1 24 | $66.0M | $29.5M |
| Q4 25 | $-4.1M | $34.8M | ||
| Q3 25 | $-7.6M | $25.4M | ||
| Q2 25 | $-7.2M | $26.0M | ||
| Q1 25 | $-8.3M | $18.9M | ||
| Q4 24 | $-3.4M | $20.8M | ||
| Q3 24 | $-7.9M | $15.8M | ||
| Q2 24 | $-11.6M | $14.8M | ||
| Q1 24 | $-6.3M | $17.3M |
| Q4 25 | 0.3% | 97.0% | ||
| Q3 25 | -13.4% | 72.1% | ||
| Q2 25 | -15.9% | 71.3% | ||
| Q1 25 | -12.8% | 71.7% | ||
| Q4 24 | -8.3% | 82.5% | ||
| Q3 24 | -6.0% | 60.6% | ||
| Q2 24 | -17.7% | 61.3% | ||
| Q1 24 | -6.0% | 78.8% |
| Q4 25 | -6.7% | 67.3% | ||
| Q3 25 | -16.1% | 51.7% | ||
| Q2 25 | -16.2% | 54.6% | ||
| Q1 25 | -15.0% | 50.4% | ||
| Q4 24 | -5.2% | 53.5% | ||
| Q3 24 | -12.3% | 45.1% | ||
| Q2 24 | -19.8% | 45.6% | ||
| Q1 24 | -9.5% | 58.5% |
| Q4 25 | $-0.09 | $0.90 | ||
| Q3 25 | $-0.27 | $0.65 | ||
| Q2 25 | $-0.30 | $0.69 | ||
| Q1 25 | $-0.39 | $0.51 | ||
| Q4 24 | $-0.12 | $0.56 | ||
| Q3 24 | $-0.48 | $0.44 | ||
| Q2 24 | $-0.75 | $0.42 | ||
| Q1 24 | $-0.45 | $0.49 |
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 | $92.1M |
| Total DebtLower is stronger | $34.6M | — |
| Stockholders' EquityBook value | $18.2M | $672.5M |
| Total Assets | $89.1M | $7.4B |
| Debt / EquityLower = less leverage | 1.90× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.9M | $92.1M | ||
| Q3 25 | $9.2M | $99.0M | ||
| Q2 25 | $4.9M | $79.6M | ||
| Q1 25 | $4.8M | $51.7M | ||
| Q4 24 | $9.4M | $49.9M | ||
| Q3 24 | $6.6M | $44.1M | ||
| Q2 24 | $5.0M | $47.4M | ||
| Q1 24 | $11.7M | $34.8M |
| 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 | $672.5M | ||
| Q3 25 | $21.6M | $634.3M | ||
| Q2 25 | $19.1M | $597.9M | ||
| Q1 25 | $22.0M | $563.2M | ||
| Q4 24 | $25.0M | $516.9M | ||
| Q3 24 | $20.0M | $484.6M | ||
| Q2 24 | $27.5M | $471.3M | ||
| Q1 24 | $28.7M | $452.9M |
| Q4 25 | $89.1M | $7.4B | ||
| Q3 25 | $76.1M | $7.0B | ||
| Q2 25 | $74.5M | $6.5B | ||
| Q1 25 | $77.5M | $6.0B | ||
| Q4 24 | $93.6M | $5.5B | ||
| Q3 24 | $77.5M | $5.2B | ||
| Q2 24 | $98.5M | $4.9B | ||
| Q1 24 | $103.6M | $4.6B |
| 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 | $18.2M |
| Free Cash FlowOCF − Capex | — | $17.9M |
| FCF MarginFCF / Revenue | — | 34.6% |
| Capex IntensityCapex / Revenue | — | 0.5% |
| Cash ConversionOCF / Net Profit | — | 0.52× |
| TTM Free Cash FlowTrailing 4 quarters | — | $40.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.8M | $18.2M | ||
| Q3 25 | $-7.3M | $11.5M | ||
| Q2 25 | $935.0K | $7.7M | ||
| Q1 25 | $2.1M | $3.5M | ||
| Q4 24 | $-2.1M | $37.8M | ||
| Q3 24 | $1.2M | $-17.6M | ||
| Q2 24 | $-13.1M | $11.5M | ||
| Q1 24 | $-132.0K | $10.6M |
| Q4 25 | — | $17.9M | ||
| Q3 25 | $-7.3M | $11.4M | ||
| Q2 25 | — | $7.6M | ||
| Q1 25 | — | $3.5M | ||
| Q4 24 | — | $37.5M | ||
| Q3 24 | $1.2M | $-17.6M | ||
| Q2 24 | — | $11.4M | ||
| Q1 24 | — | $10.5M |
| Q4 25 | — | 34.6% | ||
| Q3 25 | -15.6% | 23.2% | ||
| Q2 25 | — | 15.9% | ||
| Q1 25 | — | 9.2% | ||
| Q4 24 | — | 96.4% | ||
| Q3 24 | 1.9% | -50.3% | ||
| Q2 24 | — | 35.1% | ||
| Q1 24 | — | 35.8% |
| Q4 25 | — | 0.5% | ||
| Q3 25 | 0.0% | 0.1% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.7% | ||
| Q3 24 | 0.0% | 0.2% | ||
| Q2 24 | — | 0.3% | ||
| Q1 24 | — | 0.1% |
| Q4 25 | — | 0.52× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | — | 0.19× | ||
| Q4 24 | — | 1.81× | ||
| Q3 24 | — | -1.11× | ||
| Q2 24 | — | 0.78× | ||
| Q1 24 | — | 0.61× |
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% |
VEL
| Related Party | $19.3M | 37% |
| Nonrelated Party | $16.9M | 33% |
| Other | $15.4M | 30% |
