MNTN, Inc. (MNTN)
MNTN, Inc. operates a technology platform that brings performance marketing to Connected TV. Its self-serve technology makes running TV ads as easy as search and social and helps brands to drive measurable conversions, revenue, site visits, and more. The company was formerly known as MNTN Digital, Inc. and changed its name to MNTN, Inc. in 2022. MNTN, Inc. was incorporated in 2009 and is headquartered in Austin, Texas.
Sector: Services-Advertising
Industry: Software - Application
MNTN, Inc Class A
NYSE:MNTNTechnology · Software - Application
-2.89%$9.40
AH Close$9.40+0.00%vs close
AH Close$9.40+0.00%vs close
Mkt Cap$703.15M
Float37.17M
O/S74.8M
Inst Own52.0%
SI9.5%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$290.09M
Net Income-$6.43M
Total Assets$378.3M
Free Cash Flow$43.97M
Debt & Equity
Equity 100%
Total Debt$0
Total Equity$305.74M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in MNTN's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$378.3M
Liabilities$72.57M
Accounts Receivable$67.36M
Accounts Payable$59.54M
Inventory$0
PP&E (Net)$0
Goodwill$51.9M
Intangible Assets$30.53M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Revenue | $290.09M | $225.57M | $176.3M | $134.19M | $99.31M | $52.12M |
| YoY Growth | 28.6% | 27.9% | 31.4% | 35.1% | 90.5% | - |
| Cost of Revenue | $68.78M | $64.05M | $52.89M | $61.77M | $33.33M | $19.89M |
| Gross Profit | $221.31M | $161.52M | $123.41M | $72.42M | $65.97M | $32.22M |
| Gross Margin | 76.3% | 71.6% | 70.0% | 54.0% | 66.4% | 61.8% |
| Research and Development | $49.24M | $32.66M | $27.87M | $15.97M | $5.71M | $3.4M |
| Selling, General, and Administrative | $148.03M | $127.87M | $128.26M | $137.95M | $71M | $23.55M |
| Other | $0 | $2.63M | $13.4M | $13.73M | $332K | $66K |
| Total Operating Expenses | $197.27M | $163.17M | $169.52M | $167.65M | $77.05M | $27.03M |
| Operating Income (EBIT) | $24.04M | -$1.65M | -$46.11M | -$95.23M | -$11.07M | $5.2M |
| Operating Margin | 8.3% | -0.7% | -26.2% | -71.0% | -11.2% | 10.0% |
| Interest Expense | $3.48M | $6.92M | $10.08M | $1.45M | $560K | $2.06M |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$40.04M | -$25.45M | -$6.59M | $765K | -$7.67M | -$1.32M |
| Income Before Tax (EBT) | -$16M | -$27.09M | -$52.7M | -$94.47M | -$18.74M | $3.87M |
| Income Tax Expense | -$9.57M | $5.79M | $577K | -$1K | -$6.57M | $185K |
| Net Income | -$6.43M | -$32.88M | -$53.28M | -$94.47M | -$12.16M | $3.69M |
| Net Income Margin | -2.2% | -14.6% | -30.2% | -70.4% | -12.3% | 7.1% |
| Supplementary Data | ||||||
| EPS | -0.09 | -0.43 | -0.69 | -1.23 | -0.29 | 0.01 |
| Diluted EPS | -0.08 | -0.43 | -0.69 | -1.23 | -0.29 | 0.01 |
| Weighted Average OS | 73.87M | 76.96M | 76.96M | 76.96M | 76.96M | 76.96M |
| EBITDA | -$2.65M | -$11.83M | -$25.28M | -$76.18M | -$15.18M | $7.56M |
| EBITDA Margin | -0.9% | -5.2% | -14.3% | -56.8% | -15.3% | 14.5% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Assets | ||||||
| Current Assets | ||||||
| Cash and Cash Equivalents | $210.16M | $82.56M | $54.97M | $50.91M | $97.03M | $7.78M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $210.16M | $82.56M | $54.97M | $50.91M | $97.03M | $7.78M |
| Accounts Receivable | $67.36M | $66.92M | $51.59M | $51.1M | $40.91M | $17.25M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $3.73M | $4.93M | $5.62M | $4.59M | $416K | $0 |
| Total Current Assets | $286.47M | $158.39M | $114.55M | $110.19M | $143.65M | $25.61M |
| Long-Term Assets | ||||||
| Property, Plant & Equipment Net | $0 | $100K | $151K | $745K | $1.5M | $3.29M |
| Goodwill | $51.9M | $51.9M | $51.9M | $51.9M | $52.1M | $0 |
| Intangible Assets | $30.53M | $27.8M | $26.14M | $37.44M | $50.41M | $5.12M |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $9.4M | $0 | $0 | $0 | $1.29M | $0 |
| Other Long-Term Assets | $0 | $550K | $2.05M | $3.12M | $187K | $0 |
| Total Long-Term Assets | $91.83M | $80.35M | $80.25M | $93.21M | $105.49M | $8.41M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $378.3M | $238.74M | $194.8M | $203.4M | $249.14M | $34.02M |
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts Payable | $59.54M | $63.56M | $49.94M | $31.83M | $40.26M | $12.54M |
| Short-Term Debt | $0 | $50.25M | $49.33M | $52.77M | $46.47M | $0 |
| Current Income Tax Payable | $0 | $3.41M | $28K | $750K | $1.96M | $0 |
| Current Unearned Revenue | $5.49M | $8.97M | $3.75M | $5.03M | $3.02M | $0 |
| Other Current Liabilities | $39K | $25.82M | $9.31M | $11.08M | $0 | $746K |
| Total Current Liabilities | $68.52M | $155.25M | $116.75M | $109.48M | $94.57M | $17.77M |
| Long-Term Liabilities | ||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $23.21M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $1.81M | $0 |
| Other Long-Term Liabilities | $4.04M | $191.1M | $183.96M | $181.88M | $183.5M | $1.08M |
| Total Long-Term Liabilities | $4.04M | $191.1M | $183.96M | $181.88M | $186.09M | $26.22M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $72.57M | $346.34M | $300.71M | $291.36M | $280.67M | $43.98M |
| Stockholders' Equity | ||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $41.67M |
| Common Stock | $7K | $1K | $1K | $1K | $1K | $1K |
| Retained Earnings | -$261.11M | -$254.68M | -$221.81M | -$168.53M | -$74.02M | -$55.31M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $566.84M | $147.08M | $115.89M | $80.56M | $42.49M | $45.35M |
| Total Equity | $305.74M | -$107.6M | -$105.91M | -$87.97M | -$31.53M | -$9.96M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $378.3M | $238.74M | $194.8M | $203.4M | $249.14M | $34.02M |
| Supplementary Data | ||||||
| Total Debt | $0 | $50.25M | $49.33M | $53.55M | $48.62M | $26.61M |
| Net Debt | -$210.16M | -$32.31M | -$5.64M | $2.65M | -$48.41M | $18.83M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Operating Activities | ||||||
| Net Income | -$6.43M | -$32.88M | -$10.04M | -$94.47M | -$12.16M | $3.69M |
| Depreciation & Amortization | $9.87M | $8.35M | $17.35M | $16.84M | $3M | $2.29M |
| Deferred Income Tax | -$9.52M | $0 | $0 | -$522K | -$8.35M | $0 |
| Stock-Based Compensation | $31.69M | $31.2M | $0 | $34.19M | $19.36M | $0 |
| Changes in Working Capital: | ||||||
| Accounts Receivable | $2.02M | -$18.89M | $0 | -$10.45M | -$20.59M | -$693K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | -$4.02M | $13.62M | $3.38M | -$5.66M | $18.1M | $235K |
| Other Working Capital | -$13.61M | $11.55M | $8M | $4.16M | -$9.47M | -$1.6M |
| Total Working Capital Change | -$15.62M | $6.29M | $11.38M | -$11.95M | -$11.96M | -$2.06M |
| Other Non-Cash Items | $46.47M | $29.59M | -$21.74M | -$1.04M | $9.03M | $2.23M |
| Net Cash from Operating | $56.47M | $42.55M | -$3.05M | -$56.95M | -$1.1M | $6.15M |
| Investing Activities | ||||||
| Capital Expenditures | -$12.5M | -$9.95M | $0 | -$245K | -$4K | -$3.11M |
| Acquisitions | $0 | $0 | $0 | $0 | $2.56M | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $42.75M | $0 | $0 | $0 |
| Other Investing Activities | -$4.61M | $0 | -$4.96M | -$3.83M | -$3.92M | $0 |
| Net Cash from Investing | -$17.11M | -$9.95M | $37.79M | -$4.07M | -$1.36M | -$3.11M |
| Financing Activities | ||||||
| Debt Repaid | - | - | - | - | $9.6M | - |
| Common Stock Issuance | $127.99M | $0 | $0 | $0 | $0 | $14K |
| Common Stock Repurchases | -$10.03M | -$333K | -$41.06M | -$37K | -$1.6M | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$5.73M | $328K | $3.45M | $1.12M | -$10.58M | $0 |
| Net Cash from Financing | $88.24M | -$5M | -$34.88M | $14.9M | $91.71M | $2.12M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $2.62M |
| Net Change in Cash | $127.6M | $27.59M | -$132K | -$46.12M | $89.25M | $7.78M |
| Supplementary Data | ||||||
| Operating Cash Flow | $56.47M | $42.55M | -$3.05M | -$56.95M | -$1.1M | $6.15M |
| Capital Expenditure | -$12.5M | -$9.95M | $0 | -$4.07M | -$3.92M | $0 |
| Free Cash Flow | $43.97M | $32.6M | -$3.05M | -$61.02M | -$5.02M | $6.15M |
| Cash at Beginning | $82.56M | $54.97M | $236K | $97.03M | $7.78M | $0 |
| Cash at End | $210.16M | $82.56M | $104K | $50.91M | $97.03M | $7.78M |