dailyloe.com – FLUENT Corp., a multi-state cannabis company based in Tampa, Florida, announced its financial results for the fourth quarter and full year ending December 31, 2025. The announcement was made on April 30, 2026, via Globe Newswire.
In the fourth quarter of 2025, FLUENT reported revenue from continuing operations of $18.6 million, down from $21.1 million in Q4 2024. Florida revenue specifically decreased to $15.1 million, compared to $20.3 million in the previous year.
Gross profit before fair value adjustments from continuing operations was $2.1 million, representing 11.2% of revenue, a significant drop from $8.6 million or 40.7% in Q4 2024. Adjusted EBITDA for the quarter was $3.2 million, down from $7.4 million.
Increased operating costs in New York prior to revenue realization from the Buffalo facility contributed to these declines. Cash flow used in operations was $1.6 million, a reduction from $14.7 million in the same quarter last year.
FLUENT reported an impairment expense of $36.9 million in Q4 2025, a decrease from $64.3 million in Q4 2024. This impairment was related to operations in New York, linked to lower forecasted revenues and increased expenses following the acquisition of RIV Capital Inc. in December 2024.
Dave Vautrin, Interim CEO of FLUENT, stated, “Our fourth quarter reflected continued progress on our strategic priorities, with a strong focus on cost optimization and simplifying our operations.” He noted that the Rosa cultivation facility in Florida increased output and quality, aimed at reducing costs and expanding premium product offerings.
Vautrin emphasized the importance of disciplined execution in the near term while continuing efforts to streamline operations. The company anticipates that these strategic actions will help lower the cost of goods sold.
