MNTN, Inc. (MNTN) AI Stock Analysis
MNTN AI stock analysis summary
AI ResearchMNTN, Inc. provides self-serve performance marketing software for Connected TV advertising. The company generated $313.3M in trailing twelve-month revenue with a 10.4% operating margin, showing strong top-line expansion from $99.3M in FY2021 to $290.1M in FY2025. Despite a trailing P/E of 9.2x, the stock fell 32.5% over the past year.
- Market cap
- $760.0M
- Revenue (TTM)
- $313.3M
- P/E
- 9.2x fwd 7.8x
- 1Y return
- -32.5% S&P 500 16.8%
- Avg. target
- $18.10 78.1% vs last close
Bull case
- Trailing twelve-month revenue reached $313.3M, supported by a 5-year revenue CAGR of 41.0% through FY2025.
- Free cash flow grew to $44.0M in FY2025, backed by $237.3M in cash and short-term investments as of June 30, 2026.
- The stock trades at a forward P/E of 7.8x, well below the median of its US-listed Technology peers at 18.8x.
Bear case
- Shares dropped 32.5% over the past year, significantly trailing the S&P 500 benchmark return of 16.8%.
- Analyst estimates forecast current fiscal year EPS to fall 25.0% to $1.05.
- MNTN reported annual net losses in every year from FY2021 through FY2025, including -$6.4M in FY2025.
What MNTN does
MNTN, Inc. operates a technology platform that brings performance marketing to Connected TV. Its self-serve technology makes running TV ads as easy as search and social and helps brands to drive measurable conversions, revenue, site visits, and more. The company was formerly known as MNTN Digital, Inc. and changed its name to MNTN, Inc. in 2022. MNTN, Inc. was incorporated in 2009 and is headquartered in Austin, Texas.
Growth and profitability
MNTN increased annual revenue from $99.3M in FY2021 to $290.1M in FY2025, delivering a 5-year revenue CAGR of 41.0% from FY2020 to FY2025. Revenue grew 28.6% in FY2025, with gross margin expanding to 76.3% from 71.6% in FY2024. Operating margin reached 8.3% in FY2025 after standing at -0.7% in FY2024 and -71.0% in FY2022. Net income improved to -$6.4M in FY2025, yielding an EPS of $0.40. For the trailing twelve months ended June 30, 2026, revenue totaled $313.3M with a 18.0% profit margin and EPS of $1.10. In the latest quarter, quarterly revenue growth was 20.6% year-over-year.
Balance sheet and cash flow
As of June 30, 2026, MNTN held $237.3M in cash and short-term investments, with total assets of $402.7M and shareholders' equity of $334.3M. The company maintained a current ratio of 4.86. Operating cash flow improved to $56.5M in FY2025, up from $42.5M in FY2024, yielding free cash flow of $44.0M. In FY2025, capital expenditures were $12.5M, while share buybacks totaled $10.0M.
Valuation and performance
At a last close of $10.16, MNTN had a market cap of $760.0M and an enterprise value of $759.0M. The stock trades at a trailing P/E of 9.2x and a forward P/E of 7.8x, both below the median of its US-listed Technology peers at 28.1x and 18.8x, respectively. Its enterprise value stands at 13.4x EV to EBITDA compared to the peer median of 16.6x. Over the past year, MNTN shares fell 32.5%, underperforming the S&P 500 (SPY), which gained 16.8%.
What analysts expect
Wall Street coverage includes 6 Strong Buy, 3 Buy, and 1 Hold ratings, with no Sell or Strong Sell ratings. The mean price target of $18.10 sits 78.1% above the last close of $10.16. For the current fiscal year ending December 31, 2026, consensus estimates project revenue of $352.3M and an EPS of $1.05. For the next fiscal year, 2 analysts expect revenue of $417.3M and EPS of $1.31. MNTN beat EPS estimates in 3 of the last 4 quarters, and its next earnings date is November 4, 2026.
Key risks and what to watch
- Short interest stands at 8.6% of float, indicating elevated bearish positioning.
- Year-over-year revenue growth slowed from 90.5% in FY2021 to 20.6% in the quarter ended June 30, 2026.
- R&D expense increased from $5.7M in FY2021 to $49.2M in FY2025, requiring continued top-line scale to sustain operating profits.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this MNTN AI stock analysis
This page is an AI-written research summary of MNTN, Inc. (MNTN). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: MNTN income statement, MNTN balance sheet, MNTN key metrics, MNTN analyst forecast, MNTN chart. See the MNTN stock overview for the latest quote and news.
MNTN AI stock analysis FAQ
What does MNTN do?
MNTN, Inc. provides a technology platform that delivers performance marketing capabilities to Connected TV. Its self-serve tools allow brands to launch and measure TV ad campaigns similarly to search and social channels.
What are MNTN's consensus analyst price targets?
Analysts have a mean price target of $18.10 for MNTN, representing an upside of 78.1% over its last close of $10.16. Coverage consists of 6 Strong Buy, 3 Buy, and 1 Hold ratings.
Does MNTN pay a dividend?
No, MNTN does not pay a dividend. In FY2025, the company deployed capital toward $12.5M in capital expenditures and $10.0M in share buybacks.
When does MNTN report earnings next?
MNTN is scheduled to report its next financial results on November 4, 2026. The company beat EPS consensus in 3 of the last 4 quarters.