MNTN, Inc.
Business
MNTN, Inc. provides a performance-television (PTV) software platform that enables marketers to run targeted, measurable advertising campaigns on connected-TV (CTV) networks. The platform combines TV's storytelling format with performance-marketing capabilities—targeting, measurement, attribution, and automated optimization—allowing brands to set return-on-ad-spend (ROAS) goals and track campaign performance. MNTN serves a diversified customer base ranging from small businesses to enterprises, primarily direct-to-consumer and e-commerce brands, sourcing premium ad inventory from networks including NBC, Paramount, and Fox. Revenue is generated through usage-based fees tied to customer ad spend on the platform.
Summary from 10-K filed 2026-02-19
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 |
|---|---|---|---|
| Revenue | 290 | 226 | |
| Cost of revenues | 66 | 64 | |
| Gross profit | 224 | 162 | |
| Technology and development | 49 | 33 | |
| Sales and marketing | 90 | 76 | |
| General and administrative | 58 | 52 | |
| Amortization of acquired intangibles | 3 | 3 | |
| Total operating expenses | 200 | 163 | |
| Operating income (loss) | 24 | −2 | |
| Interest income (expense), net | 3 | −7 | |
| Other expense, net | −44 | −19 | |
| Total other income (expense) | −40 | −25 | |
| Loss before income tax provision | −16 | −27 | |
| Income tax provision | −10 | 6 | |
| Net loss | −6 | −33 | |
| Net loss attributable to common stockholders | −6 | −33 | |
| Basic (in dollars per share) | −0.13 | −2.38 | |
| Diluted (in dollars per share) | −0.13 | −2.38 | |
| Basic (in shares) | 51 | 14 | |
| Diluted (in shares) | 51 | 14 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2025 2025-03-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | 210 | — | 83 | — | |
| Accounts receivable, net | 62 | — | 67 | — | |
| Prepaid expenses and other current assets | 14 | — | 9 | — | |
| Total current assets | 286 | — | 158 | — | |
| Internal use software, net | 18 | — | 12 | — | |
| Property and equipment, net | 0 | — | 100,000 | — | |
| Intangible assets, net | 13 | — | 15 | — | |
| Goodwill | 52 | — | 52 | — | |
| Deferred tax assets, net | 9 | — | 0 | — | |
| Other assets, non-current | 0 | — | 550,000 | — | |
| Total assets | 378 | — | 239 | — | |
| Accounts payable and accrued expenses | 60 | — | 64 | — | |
| Accrued payroll and related liabilities | 3 | — | 3 | — | |
| Short-term note payable | 0 | — | 600,000 | — | |
| Convertible debt | 0 | 51 | 50 | — | |
| Embedded derivative liability | 0 | 42 | 25 | — | |
| Other current liabilities | 6 | — | 13 | — | |
| Total current liabilities | 69 | — | 155 | — | |
| Warrant liabilities | 0 | — | 19 | — | |
| Other liabilities, non-current | 4 | — | 3 | — | |
| Total liabilities | 73 | — | 177 | — | |
| Commitments and contingencies (Note 11) | — | — | — | — | |
| Redeemable convertible preferred stock, $0.0001 par value: no shares authorized, issued, or outstanding at December 31, 2025; 55,504,004 shares authorized, 41,994,022 shares issued and outstanding, liquidation preference of $165,776 at December 31, 2024 | 0 | — | 169 | 169 | |
| Additional paid-in capital | 577 | — | 147 | — | |
| Treasury stock | −10 | — | 0 | — | |
| Notes receivable from employees | −181,000 | — | −173,000 | — | |
| Accumulated deficit | −261 | — | −255 | — | |
| Total stockholders' equity (deficit) | 306 | — | −108 | −106 | |
| Total liabilities, redeemable convertible preferred stock and stockholders' equity (deficit) | 378 | — | 239 | — |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 |
|---|---|---|---|
| Stock-based compensation | 32 | 31 | |
| Change in value of embedded derivative | 17 | 16 | |
| Change in value of warrant liabilities | −4 | 3 | |
| Change in value of contingent liabilities | 166,000 | −329,000 | |
| Change in value of convertible debt, excluding interest | 4 | 0 | |
| Depreciation and amortization | 10 | 8 | |
| Loss on extinguishment of convertible debt | 26 | 0 | |
| Accretion of warrant discount on convertible debt | 949,000 | 6 | |
| Interest accrued on convertible debt and short-term note payable | 1 | 3 | |
| Provision for bad debts | 2 | 2 | |
| Release of indemnification related to QuickFrame Holdback | −579,000 | 0 | |
| Interest income from notes receivable | −447,000 | −3,000 | |
| Provision for deferred income taxes | −10 | 36,000 | |
| Accounts receivable | 2 | −19 | |
| Prepaid expenses and other assets | −6 | 1 | |
| Accounts payable and accrued expenses | −4 | 14 | |
| Accrued payroll and related liabilities | 114,000 | −1 | |
| Other liabilities | −8 | 11 | |
| Net cash provided by operating activities | 56 | 43 | |
| Issuance of short term notes receivable | −10 | 0 | |
| Proceeds from short term notes receivable | 5 | 0 | |
| Capitalized internal use software costs | −13 | −10 | |
| Net cash used in investing activities | −17 | −10 | |
| Proceeds from issuance of Class A common stock in initial public offering, net of underwriting discounts and commissions | 125 | 0 | |
| Payments of initial public offering costs | −6 | 0 | |
| Payments on revolving credit facility | 0 | −8 | |
| Proceeds from revolving credit facility | 0 | 3 | |
| Payments on settlement of convertible debt | −24 | 0 | |
| Proceeds from exercises of stock options | 3 | 328,000 | |
| Payments to repurchase common stock | −10 | −333,000 | |
| Net cash provided by (used in) financing activities | 88 | −5 | |
| Net increase in cash and cash equivalents | 128 | 28 | |
| Cash paid for interest | 3 | 178,000 | |
| Cash paid (received) for income taxes | 3 | −1 | |
| Reclassification of deferred offering costs to additional paid-in capital in connection with initial public offering | 5 | 0 | |
| Issuance of warrants in connection with convertible debt modification | 0 | 2 | |
| Net settlement of employee note receivable and payable | 0 | 484,000 | |
| Issuance of employee loans for exercise of stock options | 0 | 170,000 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is MNTN, Inc.'s CIK number?
MNTN, Inc.'s SEC CIK number is 0001891027 (1891027). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find MNTN, Inc.'s SEC filings?
All of MNTN, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did MNTN, Inc. last report earnings?
MNTN, Inc. (MNTN) most recently filed an earnings 8-K with the SEC on May 5, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001891027-26-000038). This is MNTN, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is MNTN, Inc.'s most recent earnings 8-K?
MNTN, Inc.'s latest earnings 8-K (Item 2.02) was filed May 5, 2026 under accession 0001891027-26-000038. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View MNTN, Inc.'s latest earnings 8-K →
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