Inuvo (INUV) reported third-quarter 2026 net revenue of $6.8 million, down 70% from $22.6 million a year earlier. Net loss was $5.0 million, or $0.28 per basic and diluted share, compared with a $1.7 million loss, or $0.12 per share, in the prior-year quarter.
The company said Audience Modeling revenue declined 24% year over year, while Legacy Search revenue fell 80%. Inuvo expects fourth-quarter revenue to increase from the third quarter, supported by its sales pipeline.
- Third-quarter operating loss was $4.8 million, compared with an operating loss of $1.7 million a year earlier.
- Gross margin was 44%, versus 73% in the third quarter of 2025.
- Operating expenses were $7.8 million and included a $2.4 million non-cash impairment charge tied to Legacy Search assets.
- Adjusted EBITDA loss was $1.6 million, compared with a $0.7 million loss in the prior-year period.
- As of September 30, 2026, Inuvo had $1.0 million in cash and cash equivalents and $6.2 million in restricted cash.
- The company raised $3.0 million in gross proceeds during the quarter through a registered direct offering and concurrent private placement of warrants.
$INUV Hedge Fund Activity
We have seen 10 institutional investors add shares of $INUV stock to their portfolio, and 12 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- ARMISTICE CAPITAL, LLC added 1,622,307 shares (+inf%) to their portfolio in Q2 2026, for an estimated $2,044,106
- PERKINS CAPITAL MANAGEMENT INC removed 422,717 shares (-82.1%) from their portfolio in Q3 2026, for an estimated $238,074
- UBS GROUP AG added 110,005 shares (+91670.8%) to their portfolio in Q3 2026, for an estimated $61,954
- JANE STREET GROUP, LLC removed 33,705 shares (-100.0%) from their portfolio in Q3 2026, for an estimated $18,982
- HRT FINANCIAL LP removed 27,371 shares (-100.0%) from their portfolio in Q3 2026, for an estimated $15,415
- DIMENSIONAL FUND ADVISORS LP removed 20,542 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $25,882
- CENTIVA CAPITAL, LP added 20,178 shares (+71.3%) to their portfolio in Q2 2026, for an estimated $25,424
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
