MNTN Inc.(MNTN)Earnings, Financials & Key Ratios

MNTN•NYSE

$8.77

$692M mkt cap·Price updated May 6, 2026

SectorCommunication Services IndustryAdvertising & Marketing Sub-IndustryPerformance and commerce marketing

AboutMNTN, Inc., a performance TV software company, provides performance advertising services in the United States. The company offers Performance TV software platform, enables marketers to target audiences through MNTN Matched technology and then directly attribute each view to a purchase or other action. Its platform provides segmentation tools, intelligent campaign planning, advance audience targeting, prospecting, creative ad builder, and data analytics reporting. MNTN, Inc. was formerly known as Steel House, Inc. and changed its name to MNTN, Inc. in June 2021. The company was incorporated in 2009 and is headquartered in Austin, Texas.Show more

Revenue$290M+28.6%
EBITDA$34M+406.3%
Net Income-$6M+80.5%
EPS (Diluted)-0.09+79.8%
Gross Margin76.29%+6.5%
EBITDA Margin11.69%+293.7%
Operating Margin8.29%+1235.9%
Net Margin-2.22%+84.8%
ROE-6.49%
ROIC18.87%
Interest Coverage-3.59-23.2%

Technical→

MNTN Key Insights

MNTN Inc. (MNTN) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓FCF machine: 19.5% free cash flow margin
✓Strong 5Y sales CAGR of 41.0%

✗Weaknesses

✗Weak momentum: RS Rating 18 (bottom 18%)
✗Shares diluted 100.0% in last year
✗Trading more than 30% below 52-week high
✗Expensive at 14.6x book value

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

MNTN Price & Volume

MNTN Inc. (MNTN) stock price & volume — 10-year historical chart

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MNTN Growth Metrics

MNTN Inc. (MNTN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-

5 Years40.97%

3 Years29.3%

TTM21.51%

Profit CAGR

10 Years-

5 Years-

3 Years-

TTM161.24%

EPS CAGR

10 Years-

5 Years-

3 Years-

TTM150.71%

Return on Capital

10 Years-25.45%

5 Years-25.45%

3 Years-14.48%

Last Year12.23%

MNTN Recent Earnings

MNTN Inc. (MNTN) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 2/12 qtrs (50%)●Beat Revenue 3/12 qtrs (75%)

Q2 2026Latest

May 5, 2026

EPS

$0.11

Est $0.12

-8.3%

Revenue

$74M

Est $73M

+1.4%

Q1 2026

Feb 10, 2026

EPS

$0.43

Est $0.26

+65.4%

Revenue

$87M

Est $86M

+1.1%

Q4 2025

Nov 4, 2025

EPS

$0.08

Est $0.04

+100.0%

Revenue

$70M

Est $86M

-18.7%

Q3 2025

Aug 5, 2025

EPS

$0.08

Est $0.06

-33.3%

Revenue

$68M

Est $65M

+6.1%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	May 5, 2026	$0.11vs $0.12-8.3%	$74Mvs $73M+1.4%
Q1 2026	Feb 10, 2026	$0.43vs $0.26+65.4%	$87Mvs $86M+1.1%
Q4 2025	Nov 4, 2025	$0.08vs $0.04+100.0%	$70Mvs $86M-18.7%
Q3 2025	Aug 5, 2025	$0.08vs $0.06-33.3%	$68Mvs $65M+6.1%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
TTDThe Trade Desk, Inc.Direct Competitor	11.42B	23.99	26.36	18.47%	15.31%	16.89%	0.18
MGNIMagnite, Inc.Direct Competitor	1.92B	13.39	14.09	6.85%	21.96%	18.57%	0.30
DVDoubleVerify Holdings, Inc.Direct Competitor	1.81B	11.15	37.17	13.92%	7.16%	5%	0.09
IASIntegral Ad Science Holding Corp.Direct Competitor	1.74B	10.34	44.96	11.75%	7.91%	4.23%	0.06
ROKURoku, Inc.Product Competitor	18.9B	127.98	216.92	15.18%	4.06%	7.64%	0.33
FWONKFormula One GroupProduct Competitor	19.76B	88.66		-100%	43.85%
PUBMPubMatic, Inc.Product Competitor	476.66M	10.14	-32.71	-2.86%	-5.11%	-5.51%	0.17
APPSDigital Turbine, Inc.Product Competitor	476.06M	3.98	-4.47	-9.91%	-7.88%	-21.55%	2.72

Compare MNTN vs Peers

MNTN Inc. (MNTN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

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Most directly comparable listed peer for MNTN.

Scale Benchmark

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Larger-name benchmark to compare MNTN against a more recognizable public peer.

Peer Set

Compare Top 5

vs TTD, MGNI, DV, IAS

MNTN Income Statement

MNTN Inc. (MNTN) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Sales/Revenue	52.12M	99.31M	134.19M	176.3M	225.57M	290.09M	299.25M
Revenue Growth %	-	90.55%	35.13%	31.38%	27.95%	28.6%	21.51%
Cost of Goods Sold	19.89M	33.33M	61.77M	52.89M	64.05M	68.78M	59.97M
COGS % of Revenue	38.17%	33.56%	46.03%	30%	28.4%	23.71%	-
Gross Profit	32.22M▲ 0%	65.97M▲ 104.8%	72.42M▲ 9.8%	123.41M▲ 70.4%	161.52M▲ 30.9%	221.31M▲ 37.0%	239.28M▲ 0%
Gross Margin %	61.83%	66.44%	53.97%	70%	71.6%	76.29%	79.96%
Gross Profit Growth %	-	104.75%	9.76%	70.42%	30.88%	37.02%	-
Operating Expenses	27.03M	77.05M	167.65M	169.52M	163.17M	197.27M	197.28M
OpEx % of Revenue	51.86%	77.59%	124.94%	96.16%	72.33%	68%	-
Selling, General & Admin	23.55M	71M	137.95M	128.26M	127.87M	148.03M	141.06M
SG&A % of Revenue	45.2%	71.5%	102.8%	72.75%	56.69%	51.03%	-
Research & Development	3.4M	5.71M	15.97M	27.87M	32.66M	49.24M	54.24M
R&D % of Revenue	6.53%	5.75%	11.9%	15.81%	14.48%	16.97%	-
Other Operating Expenses	66K	332K	13.73M	13.4M	2.63M	0	1.97M
Operating Income	5.2M▲ 0%	-11.07M▼ 313.2%	-95.23M▼ 760.0%	-46.11M▲ 51.6%	-1.65M▲ 96.4%	24.04M▲ 1560.8%	41.35M▲ 0%
Operating Margin %	9.97%	-11.15%	-70.97%	-26.15%	-0.73%	8.29%	13.82%
Operating Income Growth %	-	-313.17%	-759.99%	51.58%	96.43%	1560.75%	-
EBITDA	5.39M	-8.08M	-78.39M	-28.76M	6.7M	33.91M	52.47M
EBITDA Margin %	10.34%	-8.13%	-58.42%	-16.32%	2.97%	11.69%	17.53%
EBITDA Growth %	-	-249.87%	-870.44%	63.31%	123.29%	406.25%	596.47%
D&A (Non-Cash Add-back)	195K	3M	16.84M	17.35M	8.35M	9.87M	11.13M
EBIT	5.26M	-18.18M	-93.02M	-42.62M	-20.17M	-12.52M	37.38M
Net Interest Income	-2.06M	-560K	-1.45M	-10.08M	-6.92M	-3.48M	3.93M
Interest Income	0	0	0	0	0	0	3.93M
Interest Expense	2.06M	560K	1.45M	10.08M	6.92M	3.48M	1.88M
Other Income/Expense	-1.32M	-7.67M	765K	-6.59M	-25.45M	-40.04M	-20.31M
Pretax Income	3.87M▲ 0%	-18.74M▼ 583.8%	-94.47M▼ 404.1%	-52.7M▲ 44.2%	-27.09M▲ 48.6%	-16M▲ 40.9%	21.04M▲ 0%
Pretax Margin %	7.43%	-18.87%	-70.4%	-29.89%	-12.01%	-5.52%	7.03%
Income Tax	185K	-6.57M	-1K	577K	5.79M	-9.57M	-2.41M
Effective Tax Rate %	4.78%	35.08%	0%	-1.09%	-21.36%	59.84%	-11.46%
Net Income	3.69M▲ 0%	-12.16M▼ 429.9%	-94.47M▼ 676.6%	-53.28M▲ 43.6%	-32.88M▲ 38.3%	-6.43M▲ 80.5%	23.45M▲ 0%
Net Margin %	7.08%	-12.25%	-70.4%	-30.22%	-14.57%	-2.22%	7.84%
Net Income Growth %	-	-429.85%	-676.56%	43.6%	38.29%	80.45%	161.24%
Net Income (Continuing)	3.69M	-12.16M	-94.47M	-53.28M	-32.88M	-6.43M	23.45M
Discontinued Operations	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0
EPS (Diluted)	0.01▲ 0%	-0.29▼ 2810.3%	-1.23▼ 324.1%	-0.69▲ 43.9%	-0.43▲ 37.7%	-0.09▲ 79.8%	0.30▲ 0%
EPS Growth %	-	-2810.28%	-324.14%	43.9%	37.68%	79.77%	150.71%
EPS (Basic)	0.01	-0.29	-1.23	-0.69	-0.43	-0.09	-
Diluted Shares Outstanding	76.96M	76.96M	76.96M	76.96M	76.96M	509.04M	78.9M
Basic Shares Outstanding	76.96M	76.96M	76.96M	76.96M	76.96M	509.04M	73.89M
Dividend Payout Ratio	-	-	-	-	-	-	-

MNTN Balance Sheet

MNTN Inc. (MNTN) balance sheet — assets, liabilities & shareholders' equity

Line item	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Total Current Assets	0	143.65M	110.19M	114.55M	158.39M	286.47M	283.45M
Cash & Short-Term Investments	0	97.03M	50.91M	54.97M	82.56M	210.16M	213.9M
Cash Only	0	97.03M	50.91M	54.97M	82.56M	210.16M	213.9M
Short-Term Investments	0	0	0	0	0	0	0
Accounts Receivable	0	40.91M	51.1M	51.59M	66.92M	61.84M	56.32M
Days Sales Outstanding	-	150.38	139	106.81	108.28	77.8	79.61
Inventory	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-
Other Current Assets	0	416K	4.59M	5.62M	4.93M	0	13.23M
Total Non-Current Assets	0	105.49M	93.21M	80.25M	80.35M	91.83M	91.67M
Property, Plant & Equipment	0	1.5M	745K	151K	100K	0	0
Fixed Asset Turnover	-	66.07x	180.12x	1167.56x	2255.71x	-	-
Goodwill	0	52.1M	51.9M	51.9M	51.9M	51.9M	51.9M
Intangible Assets	0	50.41M	37.44M	26.14M	27.8M	30.53M	12.06M
Long-Term Investments	0	0	0	0	0	0	0
Other Non-Current Assets	0	187K	3.12M	2.05M	550K	0	37.2M
Total Assets	0▲ 0%	249.14M▲ 0%	203.4M▼ 18.4%	194.8M▼ 4.2%	238.74M▲ 22.6%	378.3M▲ 58.5%	375.12M▲ 0%
Asset Turnover	-	0.40x	0.66x	0.91x	0.94x	0.77x	0.84x
Asset Growth %	-	-	-18.36%	-4.23%	22.56%	58.46%	464.66%
Total Current Liabilities	0	94.57M	109.48M	116.75M	155.25M	68.52M	52.14M
Accounts Payable	0	40.26M	31.83M	49.94M	63.56M	59.54M	0
Days Payables Outstanding	-	440.82	188.1	344.66	362.22	315.97	279.83
Short-Term Debt	0	46.47M	52.77M	49.33M	50.25M	0	0
Deferred Revenue (Current)	0	3.02M	5.03M	3.75M	8.97M	0	10.68M
Other Current Liabilities	0	0	11.08M	9.31M	25.82M	5.63M	52.14M
Current Ratio	-	1.52x	1.01x	0.98x	1.02x	4.18x	4.18x
Quick Ratio	-	1.52x	1.01x	0.98x	1.02x	4.18x	4.18x
Cash Conversion Cycle	-	-	-	-	-	-	-200.22
Total Non-Current Liabilities	67.89M	186.09M	181.88M	183.96M	191.1M	4.04M	4.35M
Long-Term Debt	0	0	0	0	0	0	0
Capital Lease Obligations	0	783K	0	0	0	0	0
Deferred Tax Liabilities	0	1.81M	0	0	0	0	0
Other Non-Current Liabilities	67.89M	183.5M	181.88M	183.96M	191.1M	4.04M	34.67M
Total Liabilities	0	280.67M	291.36M	300.71M	346.34M	72.57M	56.49M
Total Debt	0	48.62M	53.55M	49.33M	50.25M	0	0
Net Debt	0	-48.41M	2.65M	-5.64M	-32.31M	-210.16M	-213.9M
Debt / Equity	-	-	-	-	-	-	0.00x
Debt / EBITDA	-	-	-	-	7.50x	-	0.00x
Net Debt / EBITDA	-	-	-	-	-4.82x	-6.20x	-6.20x
Interest Coverage	2.56x	-32.46x	-64.20x	-4.23x	-2.91x	-3.59x	19.91x
Total Equity	0▲ 0%	-31.53M▲ 0%	-87.97M▼ 179.0%	-105.91M▼ 20.4%	-107.6M▼ 1.6%	305.74M▲ 384.1%	318.63M▲ 0%
Equity Growth %	-	-	-179.01%	-20.4%	-1.59%	384.14%	1406.05%
Book Value per Share	-	-0.41	-1.14	-1.38	-1.40	0.60	4.04
Total Shareholders' Equity	0	-31.53M	-87.97M	-105.91M	-107.6M	305.74M	318.63M
Common Stock	0	1K	1K	1K	1K	7K	7K
Retained Earnings	0	-74.02M	-168.53M	-221.81M	-254.68M	-261.11M	-252.35M
Treasury Stock	0	0	0	0	0	-10.03M	0
Accumulated OCI	0	0	0	0	0	-181K	0
Minority Interest	0	0	0	0	0	0	0

MNTN Cash Flow Statement

MNTN Inc. (MNTN) cash flow — operating, investing & free cash flow history

Line item	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Cash from Operations	6.15M	-1.1M	-56.95M	-3.05M	42.55M	56.47M	56.47M
Operating CF Margin %	11.8%	-1.1%	-42.44%	-1.73%	18.86%	19.47%	-
Operating CF Growth %	-	-117.82%	-5096.08%	94.65%	1497.1%	32.72%	285.89%
Net Income	3.69M	-12.16M	-94.47M	-10.04M	-32.88M	-6.43M	23.45M
Depreciation & Amortization	3.68M	3M	16.84M	0	8.35M	9.87M	10.44M
Stock-Based Compensation	495K	19.36M	34.19M	0	31.2M	31.69M	17.04M
Deferred Taxes	0	-8.35M	-522K	0	0	-9.52M	1.09M
Other Non-Cash Items	-1.93M	9.03M	-1.04M	-4.39M	29.59M	46.47M	13.83M
Working Capital Changes	210K	-11.96M	-11.95M	11.38M	6.29M	-15.62M	-4.23M
Change in Receivables	-693K	-20.59M	-10.45M	0	-18.89M	2.02M	7.78M
Change in Inventory	0	0	0	0	0	0	0
Change in Payables	0	18.1M	-5.66M	3.38M	13.62M	-4.02M	-21.68M
Cash from Investing	-3.11M	-1.36M	-4.07M	37.79M	-9.95M	-17.11M	-17.54M
Capital Expenditures	0	-4K	-245K	0	-9.95M	-12.5M	-9.49M
CapEx % of Revenue	-	0%	0.18%	-	4.41%	4.31%	-
Acquisitions	0	2.56M	0	0	0	0	0
Investments	-	-	-	-	-	-	-
Other Investing	-3.11M	-3.92M	-3.83M	-4.96M	0	0	6.17M
Cash from Financing	2.12M	91.71M	14.9M	-34.88M	-5M	88.24M	87.56M
Debt Issued (Net)	2.1M	-9.6M	13.81M	2.73M	-5M	-24M	-72M
Equity Issued (Net)	0	111.89M	-37K	-41.06M	-333K	112.24M	-10.09M
Dividends Paid	0	0	0	0	0	0	0
Share Repurchases	0	-1.6M	-37K	-41.06M	-333K	-10.03M	0
Other Financing	14K	-10.58M	1.12M	3.45M	328K	0	169.65M
Net Change in Cash	7.78M▲ 0%	89.25M▲ 1047.5%	-46.12M▼ 151.7%	-132.18K▲ 99.7%	27.59M▲ 20976.9%	127.6M▲ 362.4%	131.64M▲ 0%
Free Cash Flow	6.15M▲ 0%	-5.02M▼ 181.6%	-61.02M▼ 1115.3%	-3.05M▲ 95.0%	32.6M▲ 1170.4%	56.47M▲ 73.2%	19.56M▲ 0%
FCF Margin %	11.8%	-5.06%	-45.47%	-1.73%	14.45%	19.47%	6.54%
FCF Growth %	-	-181.62%	-1115.32%	95.01%	1170.41%	73.23%	-52.94%
FCF per Share	0.08	-0.07	-0.79	-0.04	0.42	0.11	0.11
FCF Conversion (FCF/Net Income)	1.67x	0.09x	0.60x	0.06x	-1.29x	-8.79x	0.83x
Interest Paid	651K	320K	52K	0	178K	0	3.14M
Taxes Paid	0	0	3.29M	520K	0	0	3.29M

MNTN Key Ratios

MNTN Inc. (MNTN) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2021	2022	2023	2024	2025	TTM
Return on Equity (ROE)	-	-	-	-	-6.49%	8.3%
Return on Invested Capital (ROIC)	-	-	-	-	18.87%	18.87%
Gross Margin	66.44%	53.97%	70%	71.6%	76.29%	79.96%
Net Margin	-12.25%	-70.4%	-30.22%	-14.57%	-2.22%	7.84%
Debt / Equity	-	-	-	-	-	0.00x
Interest Coverage	-32.46x	-64.20x	-4.23x	-2.91x	-3.59x	19.91x
FCF Conversion	0.09x	0.60x	0.06x	-1.29x	-8.79x	0.83x
Revenue Growth	90.55%	35.13%	31.38%	27.95%	28.6%	21.51%

MNTN SEC Filings & Documents

MNTN Inc. (MNTN) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

May 5, 2026·SEC

Material company update

Apr 22, 2026·SEC

Material company update

Feb 10, 2026·SEC

10-K Annual Reports

FY 2026

Feb 19, 2026·SEC

FY 2024

Apr 16, 2024·SEC

FY 2023

Mar 30, 2023·SEC

10-Q Quarterly Reports

FY 2025

Nov 10, 2025·SEC

FY 2025

Aug 11, 2025·SEC

FY 2024

Aug 19, 2024·SEC

MNTN Frequently Asked Questions

MNTN Inc. (MNTN) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

MNTN Inc. (MNTN) reported $299.3M in revenue for fiscal year 2025. This represents a 474% increase from $52.1M in 2020.

MNTN Inc. (MNTN) grew revenue by 28.6% over the past year. This is strong growth.

Yes, MNTN Inc. (MNTN) is profitable, generating $23.4M in net income for fiscal year 2025 (-2.2% net margin).

Dividend & Returns

MNTN Inc. (MNTN) has a return on equity (ROE) of -6.5%. Negative ROE indicates the company is unprofitable.

MNTN Inc. (MNTN) generated $19.6M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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MNTN Inc. (MNTN) financial analysis — history, returns, DCA and operating performance tools

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MNTN Inc.(MNTN)Earnings, Financials & Key Ratios

MNTN Key Insights

✓Strengths

✗Weaknesses

MNTN Price & Volume

MNTN Growth Metrics

Revenue CAGR

Profit CAGR

EPS CAGR

Return on Capital

MNTN Recent Earnings

MNTN Peer Comparison

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MNTN Income Statement

MNTN Balance Sheet

MNTN Cash Flow Statement

MNTN Key Ratios

MNTN SEC Filings & Documents

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MNTN Frequently Asked Questions

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