MNTN, Inc. Financials
This page shows MNTN, Inc. (MNTN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 2 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Higher-margin scaling turned the core business profitable, while external financing rapidly reshaped MNTN's liquidity and capital structure in FY2025.
Cash climbed to$210.2M even though FY2025 still carried a net loss of-$6.4M , so the new balance-sheet strength came from fresh capital rather than accumulated profits or internally generated equity. The swing in equity from-$107.6M to$305.7M shows recapitalization happening alongside a real operating improvement, meaning liquidity was repaired faster than earnings alone would have allowed.
The margin shape improved materially: gross margin widened from
Receivables fell to
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of MNTN, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
MNTN, Inc. has an operating margin of 8.3%, meaning the company retains $8 of operating profit per $100 of revenue. This results in a moderate score of 33/100, indicating healthy but not exceptional operating efficiency. This is up from -0.7% the prior year.
MNTN, Inc.'s revenue surged 28.6% year-over-year to $290.1M, reflecting rapid business expansion. This strong growth earns a score of 81/100.
MNTN, Inc. carries a low D/E ratio of 0.24, meaning only $0.24 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 97/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 4.18, MNTN, Inc. holds $4.18 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 83/100.
MNTN, Inc. generates a -2.1% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 6/100.
MNTN, Inc. scores 7.58, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($831.6M) relative to total liabilities ($72.6M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
MNTN, Inc. passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, MNTN, Inc. generates $-8.79 in operating cash flow ($56.5M OCF vs -$6.4M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Key Financial Metrics
Earnings & Revenue
MNTN, Inc. generated $290.1M in revenue in fiscal year 2025. This represents an increase of 28.6% from the prior year.
MNTN, Inc.'s EBITDA was $33.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 406.3% from the prior year.
MNTN, Inc. reported -$6.4M in net income in fiscal year 2025. This represents an increase of 80.5% from the prior year.
MNTN, Inc. earned $-0.13 per diluted share (EPS) in fiscal year 2025. This represents an increase of 94.5% from the prior year.
Cash & Balance Sheet
MNTN, Inc. held $210.2M in cash against $0 in long-term debt as of fiscal year 2025.
Margins & Returns
MNTN, Inc.'s gross margin was 77.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 5.6 percentage points from the prior year.
MNTN, Inc.'s operating margin was 8.3% in fiscal year 2025, reflecting core business profitability. This is up 9.0 percentage points from the prior year.
MNTN, Inc.'s net profit margin was -2.2% in fiscal year 2025, showing the share of revenue converted to profit. This is up 12.4 percentage points from the prior year.
MNTN, Inc.'s ROE was -2.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.
Capital Allocation
MNTN, Inc. invested $49.2M in research and development in fiscal year 2025. This represents an increase of 50.8% from the prior year.
MNTN, Inc. spent $10.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 2910.5% from the prior year.
MNTN Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $73.7M-15.4% | $87.1M+24.4% | $70.0M+2.3% | $68.5M+6.1% | $64.5M | N/A | $57.1M+4.2% | $54.8M |
| Cost of Revenue | $13.7M-12.6% | $15.6M+5.7% | $14.8M-7.0% | $15.9M-19.8% | $19.8M | N/A | $16.2M-3.0% | $16.7M |
| Gross Profit | $60.0M-16.0% | $71.5M+29.4% | $55.2M+5.1% | $52.6M+17.6% | $44.7M | N/A | $40.9M+7.3% | $38.1M |
| R&D Expenses | $14.6M-3.8% | $15.2M+10.7% | $13.7M+27.8% | $10.7M+11.7% | $9.6M | N/A | $8.2M+4.6% | $7.8M |
| SG&A Expenses | $11.5M-4.9% | $12.1M+0.7% | $12.0M-8.8% | $13.1M-35.8% | $20.5M | N/A | $12.7M-1.2% | $12.9M |
| Operating Income | $9.6M-53.3% | $20.5M+172.5% | $7.5M+102.6% | $3.7M+148.1% | -$7.7M | N/A | $374K+116.4% | -$2.3M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $2.9M+131.0% | -$9.2M-572.6% | $1.9M-2.0% | $2.0M+146.1% | -$4.3M | N/A | $58K-52.5% | $122K |
| Net Income | $8.8M-74.6% | $34.5M+435.7% | $6.4M+124.5% | -$26.2M-24.2% | -$21.1M | N/A | -$3.9M+58.1% | -$9.3M |
| EPS (Diluted) | $0.11 | N/A | $0.08+112.3% | $-0.65+53.9% | $-1.41 | N/A | $-0.28+59.4% | $-0.69 |
MNTN Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $375.1M-0.8% | $378.3M+12.6% | $335.9M-0.3% | $337.0M | N/A | $238.7M | N/A | N/A |
| Current Assets | $283.4M-1.1% | $286.5M+12.7% | $254.2M-0.7% | $255.8M | N/A | $158.4M | N/A | N/A |
| Cash & Equivalents | $213.9M+1.8% | $210.2M+17.3% | $179.2M+2.3% | $175.2M | N/A | $82.6M | N/A | N/A |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $56.3M-8.9% | $61.8M+7.1% | $57.7M-6.5% | $61.7M | N/A | $66.9M | N/A | N/A |
| Goodwill | $51.9M0.0% | $51.9M0.0% | $51.9M0.0% | $51.9M | N/A | $51.9M | N/A | N/A |
| Total Liabilities | $56.5M-22.2% | $72.6M+5.0% | $69.1M-29.5% | $98.1M | N/A | $346.3M | N/A | N/A |
| Current Liabilities | $52.1M-23.9% | $68.5M+9.0% | $62.9M-19.5% | $78.1M | N/A | $155.2M | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $318.6M+4.2% | $305.7M+14.6% | $266.7M+11.6% | $238.9M+309.7% | -$113.9M-5.9% | -$107.6M+3.3% | -$111.3M+3.3% | -$115.1M |
| Retained Earnings | -$252.3M+3.4% | -$261.1M+11.7% | -$295.6M+2.1% | -$302.0M | N/A | -$254.7M | N/A | N/A |
MNTN Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $7.1M-75.9% | $29.6M+216.6% | $9.3M-40.2% | $15.6M+693.2% | $2.0M-92.7% | $27.0M+114.2% | $12.6M | N/A |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | -$3.4M-302.4% | $1.7M+156.3% | -$3.0M+76.4% | -$12.8M-324.3% | -$3.0M-11.5% | -$2.7M-10.4% | -$2.4M | N/A |
| Financing Cash Flow | $66K+125.2% | -$262K+88.6% | -$2.3M-102.6% | $90.1M+12005.0% | $744K+808.6% | -$105K-9.4% | -$96K | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | $0 | $0 | N/A | N/A | $150K-18.0% | $183K | N/A |
MNTN Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 81.5%-0.6pp | 82.0%+3.2pp | 78.9%+2.1pp | 76.8%+7.5pp | 69.3% | N/A | 71.7%+2.1pp | 69.6% |
| Operating Margin | 13.0%-10.6pp | 23.6%+12.8pp | 10.8%+5.3pp | 5.4%+17.4pp | -12.0% | N/A | 0.7%+4.8pp | -4.2% |
| Net Margin | 11.9%-27.7pp | 39.6%+30.4pp | 9.2%+47.5pp | -38.3%-5.6pp | -32.7% | N/A | -6.8%+10.1pp | -16.9% |
| Return on Equity | 2.8%-8.5pp | 11.3%+8.9pp | 2.4%+13.4pp | -11.0% | N/A | N/A | N/A | N/A |
| Return on Assets | 2.3%-6.8pp | 9.1%+7.2pp | 1.9%+9.7pp | -7.8% | N/A | N/A | N/A | N/A |
| Current Ratio | 5.44+1.3 | 4.18+0.1 | 4.04+0.8 | 3.28 | N/A | 1.02 | N/A | N/A |
| Debt-to-Equity | 0.18-0.1 | 0.24-0.0 | 0.26-0.2 | 0.41 | N/A | -3.22 | N/A | N/A |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
What is MNTN, Inc.'s annual revenue?
MNTN, Inc. (MNTN) reported $290.1M in total revenue for fiscal year 2025. This represents a 28.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is MNTN, Inc.'s revenue growing?
MNTN, Inc. (MNTN) revenue grew by 28.6% year-over-year, from $225.6M to $290.1M in fiscal year 2025.
Is MNTN, Inc. profitable?
No, MNTN, Inc. (MNTN) reported a net income of -$6.4M in fiscal year 2025, with a net profit margin of -2.2%.
What is MNTN, Inc.'s EBITDA?
MNTN, Inc. (MNTN) had EBITDA of $33.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is MNTN, Inc.'s gross margin?
MNTN, Inc. (MNTN) had a gross margin of 77.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is MNTN, Inc.'s operating margin?
MNTN, Inc. (MNTN) had an operating margin of 8.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is MNTN, Inc.'s net profit margin?
MNTN, Inc. (MNTN) had a net profit margin of -2.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is MNTN, Inc.'s return on equity (ROE)?
MNTN, Inc. (MNTN) has a return on equity of -2.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is MNTN, Inc.'s operating cash flow?
MNTN, Inc. (MNTN) generated $56.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are MNTN, Inc.'s total assets?
MNTN, Inc. (MNTN) had $378.3M in total assets as of fiscal year 2025, including both current and long-term assets.
How much does MNTN, Inc. spend on research and development?
MNTN, Inc. (MNTN) invested $49.2M in research and development during fiscal year 2025.
What is MNTN, Inc.'s current ratio?
MNTN, Inc. (MNTN) had a current ratio of 4.18 as of fiscal year 2025, which is generally considered healthy.
What is MNTN, Inc.'s debt-to-equity ratio?
MNTN, Inc. (MNTN) had a debt-to-equity ratio of 0.24 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is MNTN, Inc.'s return on assets (ROA)?
MNTN, Inc. (MNTN) had a return on assets of -1.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is MNTN, Inc.'s Altman Z-Score?
MNTN, Inc. (MNTN) has an Altman Z-Score of 7.58, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is MNTN, Inc.'s Piotroski F-Score?
MNTN, Inc. (MNTN) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are MNTN, Inc.'s earnings high quality?
MNTN, Inc. (MNTN) has an earnings quality ratio of -8.79x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is MNTN, Inc.?
MNTN, Inc. (MNTN) scores 50 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.