MNTN, Inc. (MNTN) Income Statement
MNTN 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsMNTN revenue and net income
Where MNTN's revenue goes
2025Each bar shows an amount and its share of revenue. MNTN kept −2.2% of revenue as net income.
MNTN profit margins
MNTN growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +28.6% | +29.3% | +41.0% | — |
| Gross profit | +37.0% | +45.1% | +47.0% | — |
| Operating income | — | — | +35.9% | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
MNTN quarterly EPS vs estimates
MNTN beat the analyst EPS estimate in 4 of the last 5 quarters. Next report: November 4, 2026 (estimate $0.25).
MNTN income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Revenue | $290.1M | $225.6M | $176.3M | $134.2M | $99.3M | $52.1M |
| Cost of revenue | $68.8M | $64.1M | $52.9M | $61.8M | $33.3M | $19.9M |
| Gross profit | $221.3M | $161.5M | $123.4M | $72.4M | $66.0M | $32.2M |
| Research & development | $49.2M | $32.7M | $27.9M | $16.0M | $5.7M | $3.4M |
| Sales, general & admin | $148.0M | $127.9M | $128.3M | $138.0M | $71.0M | $23.6M |
| Total operating expenses | $197.3M | $163.2M | $169.5M | $167.7M | $77.0M | $27.0M |
| Operating income | $24.0M | −$1.6M | −$46.1M | −$95.2M | −$11.1M | $5.2M |
| Interest expense | $3.5M | $6.9M | $10.1M | $1.4M | $560,000 | $2.1M |
| Income before taxes | −$16.0M | −$27.1M | −$52.7M | −$94.5M | −$18.7M | $3.9M |
| Income taxes | −$9.6M | $5.8M | $577,000 | −$1,000 | −$6.6M | $185,000 |
| Net income | −$6.4M | −$32.9M | −$53.3M | −$94.5M | −$12.2M | $3.7M |
| EBITDA | −$2.6M | −$11.8M | −$25.3M | −$76.2M | −$15.2M | $5.5M |
| EPS (diluted) | $0.40 | −$0.43 | −$1.12 | −$1.23 | −$0.16 | — |
| Gross margin | 76.3% | 71.6% | 70.0% | 54.0% | 66.4% | 61.8% |
| Operating margin | 8.3% | −0.7% | −26.2% | −71.0% | −11.2% | 10.0% |
| Net margin | −2.2% | −14.6% | −30.2% | −70.4% | −12.3% | 7.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $82.5M | $73.7M | $87.1M | $70.0M | $68.5M | $64.5M | $69.8M | $57.1M | $54.8M | $43.8M | $52.0M | $42.3M |
| Cost of revenue | $16.2M | $14.3M | $15.6M | $14.8M | $15.9M | $19.8M | $16.2M | $16.2M | $16.7M | $15.0M | $15.4M | $16.5M |
| Gross profit | $66.3M | $59.4M | $71.5M | $55.2M | $52.6M | $44.7M | $53.6M | $40.9M | $38.1M | $28.8M | $36.6M | $25.8M |
| Research & development | $16.4M | $14.6M | $15.2M | $13.7M | $10.7M | $9.6M | $8.9M | $8.2M | $7.8M | $7.8M | $8.2M | $7.6M |
| Sales, general & admin | $42.2M | $35.2M | $35.1M | $33.3M | $37.5M | $42.1M | $34.2M | $31.8M | $32.0M | $29.9M | $32.5M | $30.7M |
| Total operating expenses | $59.2M | $49.8M | $50.9M | $47.7M | $48.8M | $52.4M | $43.8M | $40.6M | $40.4M | $38.4M | $59.4M | $38.3M |
| Operating income | $7.1M | $9.6M | $20.5M | $7.5M | $3.7M | −$7.7M | $9.9M | $374,000 | −$2.3M | −$9.6M | −$7.3M | −$12.4M |
| Interest expense | — | $1.9M | $1.9M | $319,000 | $708,000 | $1.2M | $1.1M | $1.1M | $175,500 | $2.9M | $2.9M | $2.2M |
| Income before taxes | $9.2M | $11.6M | $25.3M | $8.4M | −$24.2M | −$25.4M | $1.6M | −$3.8M | −$9.2M | −$15.7M | −$9.5M | −$14.7M |
| Income taxes | $2.4M | $2.9M | −$9.2M | $1.9M | $2.0M | −$4.3M | $5.6M | $58,000 | $122,000 | $11,000 | — | −$6,000 |
| Net income | $6.7M | $8.8M | $34.5M | $6.4M | −$26.2M | −$21.1M | −$4.0M | −$3.9M | −$9.3M | −$15.7M | −$10.0M | −$14.6M |
| EBITDA | $13.1M | $14.3M | $27.9M | $10.9M | −$21.6M | −$22.1M | $5.3M | −$2.1M | −$7.2M | −$10.9M | — | −$9.1M |
| EPS (diluted) | $0.11 | $0.15 | $0.46 | $0.15 | $0.07 | −$0.28 | — | — | — | — | — | — |
| Gross margin | 80.3% | 80.6% | 82.1% | 78.9% | 76.8% | 69.3% | 76.8% | 71.7% | 69.6% | 65.7% | 70.4% | 61.0% |
| Operating margin | 8.6% | 13.0% | 23.6% | 10.8% | 5.4% | −12.0% | 14.1% | 0.7% | −4.2% | −21.9% | −14.1% | −29.3% |
| Net margin | 8.1% | 11.9% | 39.6% | 9.2% | −38.3% | −32.7% | −5.8% | −6.8% | −16.9% | −35.8% | −19.3% | −34.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in MNTN's financial statements (latest annual report filed February 19, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
MNTN financial results
In fiscal year 2025 (ended December 31, 2025), MNTN reported revenue of $290.1 million, up 28.6% from the year before. It had a net loss of $6.4 million, a net profit margin of −2.2%. Diluted earnings per share came to $0.40. Over five years revenue grew at an average rate of 41.0% a year.
See the MNTN stock overview for the latest quote and news, or the MNTN chart for price history and technical indicators.
MNTN income statement FAQ
What is MNTN's annual revenue?
MNTN reported total revenue of $290.1 million for fiscal year 2025, which ended on December 31, 2025. That was up 28.6% from $225.6 million the previous year.
Is MNTN profitable?
No. MNTN reported a net loss of $6.4 million in fiscal 2025, a net profit margin of −2.2%; its operating margin was 8.3%.
What is MNTN's gross margin?
MNTN's gross margin was 76.3% in fiscal 2025: for every $100 of revenue, MNTN kept $76 after the direct cost of its products and services.
How much does MNTN spend on research and development?
MNTN spent $49.2 million on research and development in fiscal 2025, 17.0% of revenue.
How fast is MNTN growing?
Revenue grew 41.0% a year on average over the last five fiscal years, from $52.1 million to $290.1 million.
What are MNTN's earnings per share?
MNTN earned $0.40 per diluted share in fiscal 2025, compared with $-0.43 a year earlier.
When will MNTN report its next earnings?
MNTN is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 after the market closes.
When does MNTN's fiscal year end?
MNTN's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 19, 2026.