The company has achieved a significant financial turnaround, moving from negative equity in 2025Q1 to a positive $318.6M in equity by 2026Q1 while eliminating all debt.
| Total Current Assets | 283.45M | 286.47M | 158.39M | 114.55M | 110.19M | 143.65M | 0 |
| Cash & Short-Term Investments | 213.9M | 210.16M | 82.56M | 54.97M | 50.91M | 97.03M | 0 |
| Cash Only | 213.9M | 210.16M | 82.56M | 54.97M | 50.91M | 97.03M | 0 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 56.32M | 61.84M | 66.92M | 51.59M | 51.1M | 40.91M | 0 |
| Days Sales Outstanding | 79.61 | 77.8 | 108.28 | 106.81 | 139 | 150.38 | - |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - |
| Other Current Assets | 13.23M | 0 | 4.93M | 5.62M | 4.59M | 416K | 0 |
| Total Non-Current Assets | 91.67M | 91.83M | 80.35M | 80.25M | 93.21M | 105.49M | 0 |
| Property, Plant & Equipment | 0 | 0 | 100K | 151K | 745K | 1.5M | 0 |
| Fixed Asset Turnover | - | - | 2255.71x | 1167.56x | 180.12x | 66.07x | - |
| Goodwill | 51.9M | 51.9M | 51.9M | 51.9M | 51.9M | 52.1M | 0 |
| Intangible Assets | 12.06M | 30.53M | 27.8M | 26.14M | 37.44M | 50.41M | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 19.39M | 0 | 550K | 2.05M | 3.12M | 187K | 0 |
| Total Assets | 375.12M | 378.3M | 238.74M | 194.8M | 203.4M | 249.14M | 0 |
| Asset Turnover | 0.84x | 0.77x | 0.94x | 0.91x | 0.66x | 0.40x | - |
| Asset Growth % | 464.66% | 58.46% | 22.56% | -4.23% | -18.36% | - | - |
| Total Current Liabilities | 52.14M | 68.52M | 155.25M | 116.75M | 109.48M | 94.57M | 0 |
| Accounts Payable | 0 | 59.54M | 63.56M | 49.94M | 31.83M | 40.26M | 0 |
| Days Payables Outstanding | 279.83 | 315.97 | 362.22 | 344.66 | 188.1 | 440.82 | - |
| Short-Term Debt | 0 | 0 | 50.25M | 49.33M | 52.77M | 46.47M | 0 |
| Deferred Revenue (Current) | 10.68M | 0 | 8.97M | 3.75M | 5.03M | 3.02M | 0 |
| Other Current Liabilities | 52.14M | 5.63M | 25.82M | 9.31M | 11.08M | 0 | 0 |
| Current Ratio | 5.44x | 4.18x | 1.02x | 0.98x | 1.01x | 1.52x | - |
| Quick Ratio | 5.44x | 4.18x | 1.02x | 0.98x | 1.01x | 1.52x | - |
| Cash Conversion Cycle | -200.22 | - | - | - | - | - | - |
| Total Non-Current Liabilities | 4.35M | 4.04M | 191.1M | 183.96M | 181.88M | 186.09M | 67.89M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 783K | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 1.81M | 0 |
| Other Non-Current Liabilities | 4.35M | 4.04M | 191.1M | 183.96M | 181.88M | 183.5M | 67.89M |
| Total Liabilities | 56.49M | 72.57M | 346.34M | 300.71M | 291.36M | 280.67M | 0 |
| Total Debt | 0 | 0 | 50.25M | 49.33M | 53.55M | 48.62M | 0 |
| Net Debt | -213.9M | -210.16M | -32.31M | -5.64M | 2.65M | -48.41M | 0 |
| Debt / Equity | 0.00x | - | - | - | - | - | - |
| Debt / EBITDA | 0.00x | - | 7.50x | - | - | - | - |
| Net Debt / EBITDA | -4.08x | -6.20x | -4.82x | - | - | - | - |
| Interest Coverage | 19.91x | -3.59x | -2.91x | -4.23x | -64.20x | -32.46x | 2.56x |
| Total Equity | 318.63M | 305.74M | -107.6M | -105.91M | -87.97M | -31.53M | 0 |
| Equity Growth % | 1406.05% | 384.14% | -1.59% | -20.4% | -179.01% | - | - |
| Book Value per Share | 4.04 | 0.60 | -1.40 | -1.38 | -1.14 | -0.41 | - |
| Total Shareholders' Equity | 318.63M | 305.74M | -107.6M | -105.91M | -87.97M | -31.53M | 0 |
| Common Stock | 7K | 7K | 1K | 1K | 1K | 1K | 0 |
| Retained Earnings | -252.35M | -261.11M | -254.68M | -221.81M | -168.53M | -74.02M | 0 |
| Treasury Stock | 0 | -10.03M | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | -181K | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Attribution model regulatory sensitivity
According to the provided quarterly data, MNTN has successfully transitioned from a precarious net-debt position in 2024 to a robust cash-rich state, with cash reserves climbing from negligible levels to $213.9M by 2026Q1, signaling a significant strengthening of the company's overall financial foundation.
The elimination of all debt by 2025Q4 marks a pivotal shift in the company's capital structure, moving away from reliance on external financing to support operations. This trajectory suggests that management is prioritizing balance sheet flexibility as they prepare for potential public market entry, though investors should monitor whether this cash accumulation is a precursor to further M&A activity.
As reported in financial statements, MNTN's current ratio has improved dramatically from near-zero levels in early 2024 to 5.44 in 2026Q1, providing a substantial liquidity buffer that mitigates the risks associated with the company's historically volatile cash flow and seasonal advertising demand cycles.
The current ratio expansion reflects a deliberate effort to bolster working capital, which is essential for a business model that must manage significant media-buying payables. This liquidity position appears adequate to absorb potential short-term shocks in the CTV advertising market, provided that the company maintains its current discipline regarding cash preservation.
Based on reported figures, MNTN has successfully reversed a period of negative equity, which bottomed at -$113.9M in 2025Q1, to reach a positive $318.6M by 2026Q1, primarily driven by capital infusions that have effectively recapitalized the business for its next growth phase.
The shift from negative to positive equity suggests that the company has successfully addressed the capital structure issues that previously constrained its financial profile. However, the persistent accumulation of retained earnings losses warrants further investigation into whether the company can achieve sustainable profitability without continued reliance on external equity injections.
Analysis of the asset mix reveals that MNTN's balance sheet is heavily weighted toward intangible assets, with $51.9M in goodwill representing a significant portion of total assets, which suggests that the company's valuation is highly sensitive to the long-term performance of its past acquisitions.
The absence of significant net PPE indicates an asset-light business model, which is typical for software-centric ad-tech firms, but it also means that the company lacks tangible collateral to support its valuation. Investors should monitor for potential goodwill impairment risks if the creative-as-a-service segment fails to meet its projected growth targets.
Quick answers to the most common questions about buying MNTN stock.
As of 2025, MNTN Inc. (MNTN) had total assets of $378.3M including $286.5M in current assets.
MNTN Inc. (MNTN) carries total debt of $0.0M, offset by $210.2M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
MNTN Inc. (MNTN) has total shareholders' equity (book value) of $305.7M ($0.60 book value per share). Book value represents the net worth of the company belonging to common stock holders.
MNTN Inc. (MNTN) reported a current ratio of 4.18x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.