Inuvo
Models anonymous audiences and monetizes performance-search traffic across the open web.
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Profile
Generates advertising revenue by modeling anonymous audiences with IntentKey and delivering performance search and publisher monetization through Bonfire. Its cookie- and ID-free approach relies on open-web signals, while traffic quality and platform, publisher, and advertising relationships shape execution.
Combines IntentKey, an AI-based audience-modeling engine, with Bonfire Publishing's performance search advertising and publisher monetization. IntentKey converts open-web content and consumption signals into anonymous impression-level decisions, letting agencies and brands build and activate models across connected TV, online video, audio, native, and display.
Generates revenue by identifying audiences and placing advertising, generally priced per impression or click. Audience Modeling is sold through managed service and a self-service platform; Legacy Search supplies quality-screened clicks through owned sites and publisher partners. Operations and nearly all revenue are U.S.-based.
Execution depends on advertising budgets, traffic quality, publisher and platform relationships, and privacy, data-security, AI, and automated-decision requirements. Google and Yahoo provide advertising relationships, while paid traffic acquisition for ALOT sites principally relies on Google and Facebook.
Company facts
Key statistics
Year to date −73.5% · Average volume (30d) 289.4K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior target | Target |
|---|---|---|---|---|
| Aug 12, 2026 | Industrial Alliance Securities | Target | $4 | $2.50 |
| May 15, 2026 | Industrial Alliance Securities | Target | $4 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 11, 2026Q2 FY26 | −$0.21 | −$0.27 | −30.6% | $7.8M | $7.5M | −3.6% | −16.51% |
| May 14, 2026Q1 FY26 | −$0.22 | $0.13 | +159.1% | $10.6M | $7.9M | −25.0% | −20.21% |
| Mar 5, 2026Q4 FY25 | −$0.49 | −$0.04 | +91.8% | $17.7M | $14.3M | −19.4% | −3.64% |
| Nov 6, 2025Q3 FY25 | −$0.09 | −$0.12 | −33.3% | $27.3M | $22.6M | −17.5% | −8.86% |
Financial highlights
| 11 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $26.7M | $22.7M | $22.6M | $14.3M | $7.9M | $7.5M | |
| Gross profit | $21.1M | $17.1M | $16.6M | $9.5M | $3.7M | $3.3M | |
| Operating income | −$1.8M | −$2.0M | −$1.7M | −$1.2M | −$3.9M | −$3.0M | |
| Net income | −$1.3M | −$1.5M | −$1.7M | −$593.9K | $1.9M | −$4.0M | |
| Diluted EPS | −$0.09 | −$0.10 | −$0.12 | −$0.04 | $0.13 | −$0.27 | |
| Gross margin | 79.0% | 75.4% | 73.4% | 66.4% | 46.2% | 44.2% | |
| Operating margin | -6.6% | -9.0% | -7.4% | -8.5% | -49.0% | -40.4% |
Fiscal years (4-quarter sums)FY24 $83.8M · FY25 $86.2M
Balance sheet, Jun 30, 2026Cash & short-term investments $886.5K · Total debt $10.3M · Total assets $27.3M · Shareholders' equity $8.3M
Dividends
No dividends on record.
Ownership
Shares outstanding 16.48M · Float 12.58M · 76.3% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Armistice Capital, LLC | 1.65M | 9.99% | 13G | Aug 14, 2026 |
| Perkins Capital Management Inc | 582.3K | 3.53% | 13F | Apr 23, 2026 |
| Vanguard Capital Management LLC | 505.9K | 3.07% | 13F | May 15, 2026 |
| Geode Capital Management, LLC | 158.9K | 0.96% | 13F | May 15, 2026 |
| BlackRock, Inc. | 123.8K | 0.75% | 13F | May 13, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
- System1
Search monetization and high-intent customer acquisition overlap.
- Perion Network
AI media execution and search advertising overlap.
- Taboola
Open-web performance ads and publisher monetization overlap.
- The Trade Desk
DSP audience targeting and AI media buying overlap.
- Adobe
Audience data, DSP activation, and campaign analytics overlap.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Inuvo | $0.6951 | −0.56% | $11.5M | — | — | 0.2 | −66.8% |
| System1 | $1.84 | −1.58% | $18.9M | — | — | 0.1 | −61.3% |
| Perion Network | $9.70 | −0.05% | $400.6M | — | 7.1 | 0.9 | −4.6% |
| Taboola | $3.83 | +1.06% | $1.03B | 9.6 | 9.4 | 0.5 | +2.4% |
| The Trade Desk | $13.60 | +0.18% | $6.38B | 16.0 | 123.2 | 2.1 | +3.0% |
| Adobe | $291.46 | −0.04% | $115.88B | 16.7 | 11.3 | 4.6 | +12.7% |
| Median | 16.0 | 10.3 | 0.9 | +2.4% |








