Mntn, Inc. is a US-listed company in the advertising industry. Its financial year ends in December.
Loading chart…
Third-party market data · may be delayed
Under review: every model's value for Mntn, Inc. is far from the share price, which usually points to a data problem (a merger, a share-count change, a one-off) rather than a bargain or a bubble.
Under review: limited reported history: available models are shown without a Buy/Hold/Sell rating. We'll show the comparison once resolved.
Mntn, Inc. valuation: adjust assumptions and compare models →
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
Revenue for the twelve months to June 2026 was $313m. Operating margin widened to 14.3% from 2.4%. It passes 2 of our 2 financial-health checks.
Our model value for Mntn is under review, so past values are not shown until it is resolved.
Source: 10-Q filed August 10, 2026 on SEC EDGAR · Financials · Valuation
Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.
Current signal Net margin expanding: TTM net margin reached 18.0%, up 39.3pp year over year.
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
Loading chart…
Third-party market data · may be delayed
Company announcements, filed results and changes that matter to shareholders.
The company also guided to adjusted ebitda of $22.00m to $25.00m for the Third Quarter 2026; revenue of $347.00m to $357.00m for the Full Year 2026.
The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.
We value Mntn, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 9.9%: the 10-year Treasury yield (4.9%) plus a beta of 1.09 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. | ~$0.5 ~$2.2–$17 | Left out: out of range vs price (0.05x) |
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | ~$0.4 ~$0.2–$0.8 | Left out: out of range vs price (0.04x) |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. | — | Combined value withheld. Review the individual models and their assumptions. |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Mntn, Inc. with Advertising in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
| At fiscal year end | 2025 | Now |
|---|---|---|
| Share price | $11.94 | $9.41 |
| Market value | $608m | $720m |
| + Net debt (− = net cash) | −$210m | −$237m |
| Enterprise value | $398m | $483m |
| Multiples | ||
| Price / sales | 2.1x | 2.3x |
| Price / earnings | — | 12.8x |
| Price / free cash flow | — | — |
| EV / EBITDA | 11.7x | — |
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: High.
Next results: November 4, 2026, after the close. Analysts expect revenue of $88m and EPS of $0.25 (range $0.25 to $0.26) for the quarter.
| Fiscal year | EPS | Growth | Revenue | Growth |
|---|---|---|---|---|
| Current | $1.05 | −25% | $352m | +21% |
| Next | $1.31 | +25% | $417m | +19% |
Next year's EPS estimate has moved +8.5% in 90 days, across 2 analysts.
The consensus EPS forecast for the current fiscal year is +4.7% on 90 days ago. In the last 30 days, 2 analysts raised Mntn, Inc.'s forecast and 0 cut it.
Average of analysts' published estimates (third-party data).
| Period | Current fiscal year | Next fiscal year |
|---|---|---|
| 90 days ago | $1.00 | $1.20 |
| 60 days ago | $1.00 | $1.20 |
| 30 days ago | $1.00 | $1.20 |
| 7 days ago | $1.02 | $1.24 |
| Now | $1.05 | $1.31 |
| Quarter to | Estimate | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | $0.20 | $0.18 | −8.9% |
| Mar 2026 | $0.12 | $0.15 | +19.9% |
| Dec 2025 | $0.27 | $0.46 | +72.4% |
| Sept 2025 | $0.08 | $0.15 | +84.1% |
Adjusted EPS as companies report it, against the average analyst estimate.
| Calendar year | 2026 to date |
|---|---|
| Return | |
| MNTN | −21% |
| Industry peers (median) | −10% |
| S&P 500 | +11% |
| Months that ended higher | |
| MNTN | 46% |
| S&P 500 | 46% |
| Largest fall from a high during the year | |
| MNTN | −38% |
| S&P 500 | −9% |
Worst fall since May 22, 2025: 75% from August 5, 2025 to May 15, 2026. Getting back needed a 305% gain, and the shares have not yet recovered.
| Results released | Next day | S&P 500 next day | 5 days | 21 days |
|---|---|---|---|---|
| August 4, 2026 | +9.4% | +1.6% | +19.7% | +37.8% |
| May 5, 2026 | −17.1% | +2.2% | −23.0% | −8.4% |
| February 10, 2026 | +35.6% | −0.3% | +27.0% | +19.3% |
| November 4, 2025 | −11.9% | −0.8% | −9.2% | −12.9% |
| August 5, 2025 | −11.5% | +0.3% | −21.4% | −29.8% |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | Revenue (TTM) |
|---|---|
| FY25 Q1 | $246.3M |
| FY25 Q2 | $259.9M |
| FY25 Q3 | $272.8M |
| FY25 Q4 | $290.1M |
| FY26 Q1 | $299.3M |
| FY26 Q2 | $313.3M |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | Operating margin (TTM) |
|---|---|
| FY25 Q1 | 0.1% |
| FY25 Q2 | 2.4% |
| FY25 Q3 | 4.9% |
| FY25 Q4 | 8.3% |
| FY26 Q1 | 13.8% |
| FY26 Q2 | 14.3% |
| Fiscal year | 2024 Dec 2024 | 2025 Dec 2025 | LTM Jun 2026 |
|---|---|---|---|
| Income | |||
| Revenue | 226 | 290 | 313 |
| Gross profit | 162 | 224 | 253 |
| EBITDA | 7 | 34 | — |
| Operating income | −2 | 24 | 45 |
| Net income | −33 | −6 | 56 |
| Diluted EPS | −$2.38 | −$0.13 | $0.74 |
| Growth (year on year) | |||
| Revenue | — | +28.6% | +20.6% |
| EBITDA | — | +406.3% | — |
| Operating income | — | — | +617.6% |
| Margins | |||
| Gross margin | 71.6% | 77.2% | 80.8% |
| EBITDA margin | 3.0% | 11.7% | — |
| Operating margin | −0.7% | 8.3% | 14.3% |
| Net margin | −14.6% | −2.2% | 18.0% |
| Cash flow | |||
| Cash from operations | 43 | 56 | 73 |
| Stock-based pay | 31 | 32 | 23 |
| Balance sheet | |||
| Cash | 83 | 210 | 237 |
| Total debt | 50 | 0 | 0 |
| Net debt (negative = net cash) | −32 | −210 | −237 |
| Diluted shares | 14m | 51m | 77m |
| Returned to shareholders | |||
| Buybacks | 0 | 10 | — |
| Total returned | 0 | 10 | — |
| Quarter | 2024 Q3 Sept 2024 | 2024 Q4 Dec 2024 | 2025 Q1 Mar 2025 | 2025 Q2 Jun 2025 | 2025 Q3 Sept 2025 | 2025 Q4 Dec 2025 | 2026 Q1 Mar 2026 | 2026 Q2 Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Income | ||||||||
| Revenue | 57 | 70 | 65 | 68 | 70 | 87 | 74 | 83 |
| Gross profit | 41 | 54 | 45 | 53 | 55 | 71 | 60 | 66 |
| EBITDA | 2 | 12 | — | — | 10 | 23 | — | — |
| Operating income | 0 | 10 | −8 | 4 | 8 | 21 | 10 | 7 |
| Net income | −4 | −4 | −21 | −26 | 6 | 34 | 9 | 7 |
| Diluted EPS | −$0.14 | −$0.14 | −$0.70 | −$0.33 | $0.08 | $0.82 | $0.11 | $0.09 |
| Growth (year on year) | ||||||||
| Revenue | — | — | — | +24.9% | +22.6% | +24.8% | +14.2% | +20.6% |
| EBITDA | — | — | — | — | +322.2% | +85.7% | — | — |
| Operating income | — | — | — | — | — | +107.9% | — | +91.5% |
| Margins | ||||||||
| Gross margin | 71.7% | 76.8% | 69.3% | 76.8% | 78.9% | 82.1% | 81.5% | 80.3% |
| EBITDA margin | 4.2% | 17.8% | — | — | 14.3% | 26.5% | — | — |
| Operating margin | 0.7% | 14.1% | −12.0% | 5.4% | 10.8% | 23.6% | 13.0% | 8.6% |
| Net margin | −6.8% | −5.8% | −32.7% | −38.3% | 9.2% | 39.6% | 11.9% | 8.1% |
| Cash flow | ||||||||
| Cash from operations | 13 | 27 | 2 | 16 | 9 | 30 | 7 | 27 |
| Stock-based pay | 8 | 8 | 14 | 8 | 6 | 4 | 4 | 9 |
| Last 12 months unless stated | MNTN | NEXN | DSP | NCMI | PERI | FLNT | Median |
|---|---|---|---|---|---|---|---|
| Revenue, last 12 months | $313m | $365m | $388m | $249m | $440m | $202m | $226m |
| Revenue growth, last 12 months | 20.6% | −0.2% | 22.0% | 5.8% | −11.7% | −12.0% | −0.7% |
| Revenue growth, 3-year average | — | — | 24.3% | 8.3% | 10.6% | −15.3% | 7.7% |
| Revenue growth, latest quarter | 20.6% | — | 33.9% | 12.7% | — | 8.4% | 2.4% |
| Gross margin | 80.8% | 84.9% | 44.5% | 94.2% | 90.2% | 33.3% | 44.5% |
| Operating margin | 14.3% | 8.9% | 2.3% | −7.1% | −3.4% | −7.4% | −3.2% |
| Operating margin, 3-year average | — | — | 0.2% | −9.5% | −7.1% | −12.2% | −2.8% |
| Net margin | 18.0% | 6.9% | 2.2% | −3.1% | −1.8% | −11.5% | −2.0% |
| Cash from operations / revenue | 23.3% | 30.2% | 17.3% | 9.6% | 9.5% | −2.1% | 4.4% |
| Free-cash-flow margin | — | 26.9% | 17.0% | 7.9% | 8.7% | −2.1% | 3.9% |
| Free-cash-flow margin, 3-year average | — | — | 16.6% | 8.6% | 12.0% | 0.1% | 8.1% |
| Stock pay / revenue | 7.2% | 4.9% | 7.6% | 3.1% | 7.1% | 2.0% | 2.9% |
| Change in share count | — | −12.9% | 16.1% | −1.4% | −15.0% | 50.2% | 4.2% |
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Mercato Management Legacy, LLC | $56.7M | 6.2M | 16.0% | 0.0% |
| Wellington Management Group LLP | $51.8M | 5.6M | 14.6% | ▼ 9.3% |
| Blackrock, Inc. | $39.2M | 4.3M | 11.1% | ▲ 1527.1% |
| FMR LLC | $28.9M | 3.1M | 8.2% | ▲ 11.2% |
| Greycroft LP | $19M | 2.1M | 5.4% | 0.0% |
| Vanguard Capital Management LLC | $17.7M | 1.9M | 5.0% | ▲ 33.5% |
| D. E. Shaw & Co., Inc. | $10.6M | 1.2M | 3.0% | ▲ 143.1% |
| Geode Capital Management, LLC | $7.7M | 839K | 2.2% | ▲ 479.3% |
| Acadian Asset Management LLC | $6.4M | 693K | 1.8% | ▲ 1137.6% |
| American Financial Group Inc | $5.8M | 630K | 1.6% | ▲ 8.6% |
| Vanguard Portfolio Management LLC | $5.6M | 610K | 1.6% | ▲ 1346.1% |
| BNP Paribas Financial Markets | $5.3M | 580K | 1.5% | ▲ 19.7% |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Mntn, Inc.'s complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.
| Insider | Date | Trade | Shares | Price | Value |
|---|---|---|---|---|---|
| Baroda Ventures Llc 10% owner | August 18, 2026 | Sell | 275,115 | $12.75 | $3.5M |
| Baroda Ventures Llc 10% owner | August 14, 2026 | Sell | 33,617 | $12.56 | $422,230 |
| Baroda Ventures Llc 10% owner | August 13, 2026 | Sell | 26,823 | $12.53 | $336,092 |
| Partovi Hadi Director | December 3, 2025 | Sell | 86,665 | $13.39 | $1.2M |
| Partovi Hadi Director | December 2, 2025 | Sell | 168,257 | $13.39 | $2.3M |
| Partovi Hadi Director | December 1, 2025 | Sell | 192,598 | $13.46 | $2.6M |
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
Next expected around November 3, 2026 estimated from the company's past filing pattern, not announced
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| Financial statements | SEC 10-K and 10-Q filings | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
New research on the companies we cover arrives in the weekly email. Free, one email a week.
