The score is driven by improving fundamentals (strong margins, strong operating cash flow, and a much stronger balance sheet with zero debt) and a very upbeat earnings update with strong growth and guidance. These positives are meaningfully offset by weak technical momentum (below key moving averages with negative MACD), ongoing trailing net losses/negative P/E, and volatility in free cash flow.
Positive Factors
Balance sheet strength (zero debt)
A zero-debt balance sheet with positive equity materially reduces financial risk and improves strategic flexibility. Over the next 2–6 months this gives MNTN capacity to fund growth initiatives, withstand cyclical downturns, and avoid refinancing risk while investing in product and go-to-market execution.
Negative Factors
Dependence on SMB customers
Heavy exposure to SMBs increases revenue volatility and sensitivity to localized economic swings. Over a 2–6 month horizon, SMB churn, smaller contract sizes, and budget variability can produce uneven monthly revenue and complicate forecasting, limiting predictability of growth and margins.
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Positive Factors
Negative Factors
Balance sheet strength (zero debt)
A zero-debt balance sheet with positive equity materially reduces financial risk and improves strategic flexibility. Over the next 2–6 months this gives MNTN capacity to fund growth initiatives, withstand cyclical downturns, and avoid refinancing risk while investing in product and go-to-market execution.
Read all positive factors
MNTN, Inc Class A (MNTN) vs. SPDR S&P 500 ETF (SPY)
MNTN, Inc Class A Business Overview & Revenue Model
Company Description
MNTN, Inc., a performance TV software company, provides performance advertising services in the United States. The company offers Performance TV software platform, enables marketers to target audiences through MNTN Matched technology and then dire...
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How the Company Makes Money
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MNTN, Inc Class A Financial Statement Overview
Summary
Financials are improving: revenue is up (~6% TTM) with very strong gross margins (~77%), operating cash flow is strong (~$56M) and free cash flow is positive (~$11M). Balance sheet strength is a major positive (zero debt and positive equity). Offsetting this, the company is still net-loss making on a TTM basis and free cash flow fell sharply year-over-year (~68%), signaling profitability and cash conversion are not yet stable.
Income Statement
62
Positive
Balance Sheet
86
Very Positive
Cash Flow
66
Positive
Breakdown
Dec 2025
Dec 2024
Dec 2023
Dec 2022
Dec 2021
Income Statement
Total Revenue
290.09M
225.57M
176.30M
134.19M
99.31M
Gross Profit
221.31M
161.52M
123.41M
72.42M
65.97M
EBITDA
-2.65M
-11.83M
-25.28M
-76.18M
-15.18M
Net Income
-6.43M
-32.88M
-53.28M
-94.47M
-12.16M
Balance Sheet
Total Assets
378.30M
238.74M
194.80M
203.40M
249.14M
Cash, Cash Equivalents and Short-Term Investments
210.16M
82.56M
54.97M
50.91M
97.03M
Total Debt
0.00
50.25M
49.33M
53.55M
48.62M
Total Liabilities
72.57M
346.34M
300.71M
291.36M
280.67M
Stockholders Equity
305.74M
-107.60M
-105.91M
-87.97M
-31.53M
Cash Flow
Free Cash Flow
56.47M
32.60M
-3.05M
-61.02M
-5.02M
Operating Cash Flow
56.47M
42.55M
-3.05M
-56.95M
-1.10M
Investing Cash Flow
-17.11M
-9.95M
37.79M
-4.07M
-1.36M
Financing Cash Flow
88.24M
-5.00M
-34.88M
14.90M
91.71M
MNTN, Inc Class A Risk Analysis
MNTN, Inc Class A disclosed 68 risk factors in its most recent earnings report. MNTN, Inc Class A reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Feb 12, 2026