MNTN, Inc Class A (MNTN) AI Stock Analysis

• Market Cap: $991.15M
• Dividend Yield: N/A
• Average Volume (3M): 694.80K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.97
• Revenue Growth: 31.28%
• EPS Growth: -22.17%
• Country: US
• Employees: 499
• Sector: Technology
• Sector Strength: 88
• Industry: Advertising Agencies
• EPS (TTM): 0.08
• Shares Outstanding: 43,620,580
• 10 Day Avg. Volume: 982,744
• 30 Day Avg. Volume: 694,801
• PEG Ratio: 4.41
• Price to Book (P/B): 33.10
• Price to Sales (P/S): 8.99
• P/FCF Ratio: 62.23
• Enterprise Value/Market Cap: 1.33
• Enterprise Value/Revenue: 4.83
• Enterprise Value/Gross Profit: 6.40
• Enterprise Value/Ebitda: -52.69
• 1Y Price Target: $25.75
• Price Target Upside: 78.94% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 6
• EPS Forecast (FY): -0.35
• Revenue Forecast (FY): $288.68M

• Rating: 46 Neutral
• Price Target: $13.50 ▼(-6.18% Downside)

MNTN's overall stock score is primarily impacted by its financial instability, with strong revenue growth overshadowed by profitability challenges and a weak balance sheet. Technical analysis and valuation further weigh down the score due to bearish momentum and negative profitability metrics. The positive sentiment from the earnings call provides some support, highlighting improvements in revenue and margins.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong market demand and effective business strategies, supporting long-term financial stability.

Gross Margin Improvement

Improved gross margins suggest efficient cost management and enhanced profitability potential, strengthening the company's competitive position.

Customer Base Expansion

A rapidly expanding customer base demonstrates successful market penetration and potential for sustained revenue growth.

Negative Factors

Profitability Challenges

Ongoing profitability challenges may hinder long-term financial health and limit reinvestment opportunities for growth.

Weak Balance Sheet

A weak balance sheet with negative equity can restrict financial flexibility and increase vulnerability to economic downturns.

Rising Operating Expenses

Increasing operating expenses could pressure margins and profitability, challenging the company's ability to sustain growth.

MNTN, Inc Class A Business Overview & Revenue Model

Company Description

MNTN, Inc. Class A (MNTN) is a technology company focused on providing a comprehensive platform for connected TV (CTV) advertising. The company operates in the digital advertising sector, specializing in solutions that allow brands to reach their target audiences through innovative video advertising formats. MNTN's core products include its CTV advertising platform, which offers tools for campaign management, audience targeting, and performance analytics, enabling businesses to effectively engage with consumers across various streaming platforms.

How the Company Makes Money

MNTN generates revenue primarily through its advertising services, charging clients based on performance metrics such as impressions, clicks, and conversions from their CTV advertising campaigns. The company employs a subscription-based model for its technology platform, offering different pricing tiers based on the level of service and features used by clients. Additionally, MNTN benefits from strategic partnerships with various media publishers and streaming services, which enhances its inventory and reach, ultimately attracting more advertisers. The combination of performance-based pricing and subscription fees constitutes the key revenue streams for MNTN, contributing to its financial growth.

MNTN, Inc Class A Financial Statement Overview

Summary

MNTN, Inc Class A shows strong revenue growth but faces significant profitability challenges and a weak balance sheet. The company has negative equity and profitability metrics, indicating financial instability. However, positive operating cash flow is a positive aspect.

Income Statement

MNTN, Inc Class A has shown impressive revenue growth of 364.55% in the latest year, indicating strong top-line expansion. However, the company struggles with profitability, as evidenced by negative net profit margins (-14.58%) and EBIT margins (-8.94%). The gross profit margin is relatively healthy at 71.60%, suggesting efficient cost management at the gross level, but significant losses at the net level highlight challenges in managing operating expenses and other costs.

Balance Sheet

The balance sheet reveals a concerning financial structure with negative stockholders' equity, indicating potential financial distress. The debt-to-equity ratio is not meaningful due to negative equity, and the return on equity is also negative, reflecting the company's inability to generate profits from its equity base. The equity ratio is not calculable, further underscoring the weak financial position.

Cash Flow

Cash flow analysis shows a significant improvement in operating cash flow, turning positive to $42.55 million, which is a positive sign. However, free cash flow growth is negative, and the free cash flow to net income ratio is not meaningful due to negative net income. The company needs to focus on sustaining positive cash flows to support its operations and growth.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	272.81M	225.57M	176.30M	134.19M	99.31M
Gross Profit	206.10M	161.52M	123.41M	72.42M	65.97M
EBITDA	-25.02M	-11.83M	-25.28M	-76.18M	-15.18M
Net Income	-44.92M	-32.88M	-53.28M	-94.47M	-12.16M
Balance Sheet
Total Assets	335.88M	238.74M	194.80M	203.40M	249.14M
Cash, Cash Equivalents and Short-Term Investments	179.17M	82.56M	54.97M	50.91M	97.03M
Total Debt	0.00	50.25M	49.33M	53.55M	48.62M
Total Liabilities	69.14M	346.34M	300.71M	291.36M	280.67M
Stockholders Equity	266.73M	-107.60M	-105.91M	-87.97M	-31.53M
Cash Flow
Free Cash Flow	35.68M	32.60M	-3.05M	-61.02M	-5.02M
Operating Cash Flow	53.90M	42.55M	-3.05M	-56.95M	-1.10M
Investing Cash Flow	-21.52M	-9.95M	37.79M	-4.07M	-1.36M
Financing Cash Flow	88.40M	-5.00M	-34.88M	14.90M	91.71M

MNTN, Inc Class A Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
AIRG	51 Neutral	$49.16M	-7.04	-21.97%	―	6.84%	49.74%
MNTN	46 Neutral	$991.15M	―	―	―	31.28%	-22.17%
VRAR	45 Neutral	$29.49M	-10.83	-17.93%	―	19.58%	64.40%
MRIN	45 Neutral	―	―	―	―	-9.89%	47.46%
WLDS	40 Underperform	$13.96M	-0.27	-268.12%	―	-9.05%	77.41%

MNTN, Inc Class A Corporate Events

MNTN, Inc Class A Reports Strong Q3 Growth

The recent earnings call for MNTN, Inc Class A painted a largely positive picture for the company, highlighting strong revenue growth, improved margins, and efficient operations. However, challenges such as reliance on small and medium-sized businesses and the impact of the Maximum Effort divestiture were also noted.

MNTN, Inc. Reports Strong Q3 2025 Results

MNTN, Inc., a leading technology platform in the Connected TV advertising sector, is revolutionizing how brands approach television advertising by making it as measurable and performance-driven as digital marketing. The company reported a strong third quarter for 2025, with revenue increasing by 31% year-over-year to $70 million, and a significant improvement in gross margin to 79%. MNTN also achieved a positive net income of $6.4 million, a notable turnaround from a net loss in the previous year. Adjusted EBITDA saw a substantial rise of 53% year-over-year, reaching $16 million, which represents 23% of the revenue. The company ended the quarter with $179 million in cash and no outstanding borrowings, highlighting its robust financial position. MNTN’s strategic initiatives included the launch of QuickFrame AI, a video-production platform, and a partnership with PubMatic to expand its Connected TV supply. The company also experienced a 67% increase in active Performance TV customers over the past year, indicating strong demand for its services. Looking ahead, MNTN’s management remains optimistic about future growth, with expectations of continued revenue and EBITDA increases in the fourth quarter of 2025.

MNTN, Inc. Reports Strong Q2 2025 Results

MNTN, Inc., a technology platform company, is revolutionizing the Connected TV advertising industry by offering performance marketing solutions that make TV advertising as measurable and precise as digital channels like search and social media. The company recently reported its second quarter 2025 financial results, marking its first quarter as a publicly traded entity on the New York Stock Exchange.