Mntn, Inc. income statement
In fiscal 2025, Mntn, Inc. reported revenue of $290m, up 28.6% on the year before, operating income of $24.0m (a 8.3% margin) and net income of −$6.4m, or −$0.13 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|
| Revenue | 226 | 290 | 313 |
| Cost of revenue | 64 | 66 | 60 |
| Gross profit | 162 | 224 | 253 |
| Research and development | 33 | 49 | 60 |
| Selling and marketing | 76 | 90 | 97 |
| General and administrative | 52 | 58 | 49 |
| Operating income | −2 | 24 | 45 |
| Provision for credit losses | 2 | 2 | 2 |
| Income before tax | −27 | −16 | 54 |
| Income tax | 6 | −10 | −2 |
| Net income | −33 | −6 | 56 |
| Diluted EPS | −$2.38 | −$0.13 | $0.74 |
| Diluted shares (average) | 14m | 51m | 77m |
| EBITDA | 7 | 34 | — |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 57 | 70 | 65 | 68 | 70 | 87 | 74 | 83 |
| Cost of revenue | 16 | 16 | 20 | 16 | 15 | 16 | 14 | 16 |
| Gross profit | 41 | 54 | 45 | 53 | 55 | 71 | 60 | 66 |
| Research and development | 8 | 9 | 10 | 11 | 14 | 15 | 15 | 16 |
| Selling and marketing | 19 | 21 | 22 | 24 | 21 | 23 | 24 | 29 |
| General and administrative | 13 | 14 | 20 | 13 | 12 | 12 | 11 | 14 |
| Operating income | 0 | 10 | −8 | 4 | 8 | 21 | 10 | 7 |
| Provision for credit losses | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 0 |
| Income before tax | −4 | 2 | −25 | −24 | 8 | 25 | 12 | 9 |
| Income tax | 0 | 6 | −4 | 2 | 2 | −9 | 3 | 2 |
| 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 |
| EBITDA | 2 | 12 | — | — | 10 | 23 | — | — |
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