Quality Investor

MNTN, Inc.

Rank #61HypergrowthWatchlistCompare with other stocks

MNTN · NYSE · Technology

MNTN, Inc. (MNTN) — Rank #61 by gross profitability (GP/assets 0.56) · ROE -1.9% · Piotroski F-Score 5 / 9.

As-of 2026-10-30 · CIK 0001891027 · all metrics point-in-time as of the filing date.

About

MNTN, Inc. operates a technology platform that brings performance marketing to Connected TV.

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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.

Industry
Software - Application
Sector
Technology
State
DE
Filer Category
Emerging growth company
Fiscal Year End
December 31

Company Snapshot

P/S is the primary valuation lens — earnings are reinvested, not available for P/E.

Market Cap

—

P/E (annual)

—

P/S (annual)

—

P/B

—

P/OCF (annual)

—

Shareholder Yield

—

Employees

451

Industry

Software - Application

Exchange

NYSE

9/10

Flags passed

MNTN passes 9/10 quality flags

1 caution to review

  • CAUTION
    Dilution above 2%

    Annual share count increase exceeds 2%. May be acceptable for high-growth companies funding talent via stock compensation

  • PASS
    Gross margin holding
  • PASS
    Disclosure consistent
  • PASS
    Revenue not declining
  • PASS
    Operating margin holding
  • PASS
    Passes safety gate
  • PASS
    Balance sheet stable
  • PASS
    No competitive retreat
  • PASS
    SBC not compressing margin
  • PASS
    No valuation convergence

Strengths Sequential beat (rev + EPS)

No data FCF vs investment · Free cash flow — not counted as a pass.

A count of the 12 warning flags that could be evaluated. Unweighted: colour follows the worst flag.

Quality Profile

Profitability

1/1 pass
GP / assets
0.56
Return on equity
-1.9%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
0.20
Current ratio
4.86×
Net cash
$237.28M

Cash Flow

1/1 pass
Positive FCF
N/A
Cash-backed earnings
N/A
Accruals healthy
PASS
SBC / revenue
10.9%

Growth

1/2 pass
Revenue growth
28.6%
Piotroski F-Score
5 / 9
Share dilution
268.5%

Revenue growth and the path to profitability (margin trend) are the primary reads at this stage.

Profitability

Does it make money well?

No warning flags · GP/assets 83rd percentile of 96 SIC 73 peers

Gross profitability (GP / assets)

0.56

Primary signal (Novy-Marx).

83rd pctl of 96 SIC 73 peers

Return on equity

-1.9%

Gross margin

77.2%

72nd pctl of 95 SIC 73 peers

Revenue growth (YoY)

28.6%

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

20242025
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Cash Flow Health

Is the cash real?

No data

Free cash flow

—

Operating cash flow minus capex.

Positive free cash flow

N/A

FCF vs net income

—

(FCF − net income) ÷ |net income|. Positive: cash above earnings. Negative: below.

FCF not below net income

Fails when free cash flow is below net income (yellow flag).

N/A

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

10.9%

Stock-based comp intensity.

Balance Sheet Strength

Can it survive a storm?

Caution: Dilution above 2% · net cash $237.28M, F-Score 5/9

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

0.20

90th pctl of 87 SIC 73 peers (best = lowest)

Current ratio

4.86×

90th pctl of 95 SIC 73 peers

Quick ratio

4.64×

Net cash

$237.28M

Cash & equivalents minus total debt.

Piotroski F-Score

5 / 9

Fundamental-strength score (0-9).

Valuation

Is the price reasonable?

No warning flags

Capital allocation quality

Composite score

2.0 / 5

Fair
Share count trend
268.5%0/5 Weak
Buyback timing
N/AN/A
Dividend growth consistency(non-payer or broken streak)
0 yr3/5 Good
Net debt trajectory
0.0%3/5 Good

Lifecycle Phase History

20242025
Hypergrowth

Price History

MNTN-57.2% · -47.3% CAGRSPY+32.8% · +23.9% CAGR