MNTN Inc
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MNTN Inc AI Insights
Informational only. Not investment advice.Snapshot
- FCF of 42M TTM on 273M revenue (15.4% margin) despite -45M net loss - cash generation decoupled from GAAP losses[Free Cash Flow TTM]
- Zero debt with 179M cash (67% of equity) - fortress balance sheet funds growth without dilution risk[Debt to Equity]
- Goodwill 51.9M is 31% of equity - moderate acquisition integration risk vs peers[Goodwill]
Watch Triggers
- Net Income TTM: Turns positive or loss widens beyond -60M — Gap between FCF and net income must close for valuation to hold
- Operating Margin TTM: Falls below 0% or exceeds 10% — Operating leverage thesis depends on margin expansion trajectory
- Cash and Equivalents: Drops below 120M without revenue acceleration — Would signal burn rate unsustainable without financing
Bull Case
75.5% gross margin TTM (vs 70.5% industry median) with positive operating income signals scalable SaaS economics - FCF positive while still investing 16% of revenue in R&D
179M cash, zero debt, and 191M working capital provide 3+ years runway at current burn - no near-term financing risk
Bear Case
EPS -0.61 TTM with -45M net loss - GAAP profitability remains elusive despite positive operating income; stock comp likely masking true costs
P/S 3.8x and P/B 5.6x on 273M revenue with negative earnings - valuation assumes growth that isn't visible in current data
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
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Forward Thesis
Path to GAAP profitability within 12-18 months as operating leverage kicks in
- 75.5% gross margin TTM provides cushion for OpEx absorption
- Operating margin 4.9% TTM already positive despite growth investments
- R&D 43M (16% of revenue) can moderate as platform matures
Valuation Context
Caveats
MNTN Fundamentals
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$595.41M | — | ||
$385.25M | — | ||
0.00 | — | ||
$290.09M | +28.6% | — | |
$-0.13 | — | ||
8.29% | +9.0% | — | |
-2.22% | +12.4% | — | |
$43.97M | +34.9% | — | |
-6.49% | — | ||
Beta 5Y (Monthly) | unknown | — |
MNTN Dividend History
MNTN Stock Splits
MNTN SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
02/19/26 | 12/31/25 | 10-K | |
11/10/25 | 09/30/25 | 10-Q | |
08/11/25 | 06/30/25 | 10-Q | |
05/14/25 | 03/31/25 | S-1/A | |
05/22/25 | 03/31/25 | 424B4 | |
05/14/25 | 12/31/24 | S-1/A | |
05/22/25 | 12/31/24 | 424B4 | |
11/27/24 | 09/30/24 | DRS/A | |
08/11/25 | 06/30/24 | 10-Q | |
05/22/25 | 03/31/24 | 424B4 | |
05/14/25 | 03/31/24 | S-1/A | |
11/27/24 | 12/31/23 | DRS/A | |
11/27/24 | 09/30/23 | DRS/A | |
05/18/22 | 03/31/22 | DRS/A | |
05/18/22 | 03/31/21 | DRS/A |