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MNTN

MNTN Inc.

MNTN

MNTN Inc. • NYSE
$13.65 ▲ 1.94% (+0.26)
Market Cap $999.47 M
52w High $32.49
52w Low $13.13
Dividend Yield 0%
P/E -22.38
Volume 421.39K
Outstanding Shares 73.22M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $70.023M ▲ $47.704M ▼ $6.436M ▲ 9.191% ▲ $0.087 ▲ $14.262M ▲
Q2-2025 $68.46M ▲ $48.845M ▼ $-26.228M ▼ -38.311% ▼ $-0.36 ▼ $6.374M ▲
Q1-2025 $64.512M ▼ $52.401M ▲ $-21.111M ▼ -32.724% ▼ $-0.29 ▼ $-22.121M ▼
Q4-2024 $69.812M ▲ $43.762M ▲ $-4.02M ▼ -5.758% ▲ $-0.052 ▼ $5.271M ▲
Q3-2024 $57.127M $40.572M $-3.884M -6.799% $-0.051 $-2.083M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $179.172M ▲ $335.875M ▼ $69.142M ▼ $266.733M ▲
Q2-2025 $175.158M ▲ $337.004M ▲ $98.085M ▼ $238.919M ▲
Q1-2025 $82.262M ▼ $247.813M ▲ $361.72M ▲ $-113.907M ▼
Q4-2024 $82.562M ▲ $238.744M ▲ $346.343M ▲ $-107.599M ▲
Q3-2024 $58.393M $210.99M $322.292M $-111.302M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $6.436M ▲ $9.333M ▼ $-3.017M ▲ $-2.302M ▼ $4.014M ▼ $0 ▼
Q2-2025 $-26.228M ▼ $15.618M ▲ $-12.783M ▼ $90.061M ▲ $92.896M ▲ $12.446M ▲
Q1-2025 $-21.111M ▼ $1.969M ▼ $-3.013M ▼ $744K ▲ $-300K ▼ $-1.044M ▼
Q4-2024 $-4.02M ▼ $26.976M ▲ $-2.702M ▼ $-105K ▼ $24.169M ▲ $24.274M ▲
Q3-2024 $-3.884M $12.595M $-2.448M $-96K $10.051M $10.147M

Five-Year Company Overview

Income Statement

Income Statement MNTN is a small but steadily growing business that has been moving from early-stage losses toward break-even. Revenue has climbed each year, and gross profit is healthy for the size of the company, which suggests solid pricing power and a scalable software-like model. That said, the company is still losing money at the net income and earnings-per-share level, though those losses have been shrinking over time. Overall, the income statement tells the story of a high-margin, software-enabled ad-tech platform that is still in the investment phase but edging closer to sustainable profitability.

Balance Sheet

Balance Sheet The balance sheet is lightweight and typical of a young, software-driven platform company. Total assets have grown, and the company now holds a meaningful cash balance, giving it some cushion to keep investing. Debt has appeared on the balance sheet but remains modest relative to the overall size of the company. Equity has declined as accumulated losses have built up, which is a watchpoint: it underlines that the business remains early and somewhat fragile, but not unusually so for a high-growth ad-tech firm.

Cash Flow

Cash Flow Cash generation is starting to turn the corner. The latest period shows positive operating cash flow and positive free cash flow after modest investment spending. Earlier years had little to no cash flow, which is normal for a company still building its platform and customer base. The shift into positive territory, even at a small scale, suggests the underlying business model is beginning to fund itself rather than relying purely on external capital, a constructive sign if it can be sustained and scaled.

Competitive Edge

Competitive Edge MNTN is positioning itself as a specialist in performance-focused Connected TV advertising, with a particular emphasis on small and mid-sized businesses that have historically been shut out of TV. Its self-serve platform, bundled creative services, and performance measurement tools differentiate it from traditional TV ad sellers and from more generic ad-tech platforms. Direct access to premium streaming inventory and integrations with measurement partners deepen its offering. The main risk is that it competes in a crowded and fast-moving space where much larger players also operate, so maintaining its niche focus, ease of use, and measurable results will be critical to defending its position.

Innovation and R&D

Innovation and R&D Innovation is at the center of MNTN’s strategy. The company is leaning heavily into AI-driven targeting (MNTN Matched), cross-device attribution (Verified Visits), and automated campaign optimization to make TV behave more like search or social performance marketing. Its Creative-as-a-Subscription model and QuickFrame acquisition tie creative production directly into the ad-buying workflow, which is relatively unique. Ongoing investment in AI, data partnerships, and measurement capabilities appears to be a core priority. The opportunity is to stay ahead of competitors on technology and ease-of-use; the risk is that the broader ad-tech and AI landscape changes quickly, so execution and continuous product improvement are essential.

Summary

Overall, MNTN looks like an emerging, high-margin ad-tech platform that is still small but growing, with improving losses and early signs of positive cash generation. Its strategy centers on turning Connected TV into a measurable, performance-driven channel for smaller advertisers, backed by proprietary AI and attribution technology and bundled creative services. The company’s strengths lie in its focused market segment, differentiated product bundle, and software-like economics. Key uncertainties revolve around its ability to sustain growth, achieve durable profitability, and hold its niche against much larger and well-funded competitors in a volatile advertising and technology environment.

NEWS

November 10, 2025 · 9:00 AM UTC

MNTN Recognized as a 2025 Inc. Power Partner Award Winner

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November 5, 2025 · 4:30 PM UTC

MNTN to Participate in Upcoming RBC and Raymond James Investor Conferences

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November 4, 2025 · 4:05 PM UTC

MNTN Reports Record Third Quarter 2025 Results

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October 30, 2025 · 9:00 AM UTC

MNTN Unveils QuickFrame AI: New AI Platform in Beta Allows Brands of Any Size to Create Studio-Quality Ads in Minutes

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October 15, 2025 · 4:30 PM UTC

MNTN To Announce Third Quarter 2025 Financial Results on November 4, 2025

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