MNTN - MNTN, Inc Class A
Price:
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PRICE TARGET:
$20.64
DETAILS
HIGH:
$27.00
LOW:
$15.00
MEDIAN:
$20.00
CONSENSUS:
$20.64
UPSIDE:
145.71%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Revenue | ||||||
| Revenue | 290.1 | 225.6 | 176.3 | 134.2 | 99.3 | 52.1 |
| Cost of Revenue | 68.8 | 64.1 | 52.9 | 61.8 | 33.3 | 19.9 |
| Gross Profit | 221.3 | 161.5 | 123.4 | 72.4 | 66.0 | 32.2 |
| Operating Expenses | ||||||
| R&D Expenses | 49.2 | 32.7 | 27.9 | 16.0 | 5.7 | 3.4 |
| SG&A Expenses | 148.0 | 127.9 | 128.3 | 138.0 | 71.0 | 23.6 |
| Other Expenses | 0 | 2.6 | 13.4 | 13.7 | 0.3 | 0.1 |
| Operating Expenses | 197.3 | 163.2 | 169.5 | 167.7 | 77.0 | 27.0 |
| Operating Income | ||||||
| Operating Income | 24.0 | (1.6) | (46.1) | (95.2) | (11.1) | 5.2 |
| Interest Expense | 3.5 | 6.9 | 10.1 | 1.4 | 0.6 | 2.1 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | ||||||
| EBITDA | (2.6) | (11.8) | (25.3) | (76.2) | (15.2) | 5.5 |
| EBIT | (12.5) | (20.2) | (42.6) | (93.0) | (18.2) | 5.3 |
| Income Before Tax | (16) | (27.1) | (52.7) | (94.5) | (18.7) | 3.9 |
| Income Tax Expense | (9.6) | 5.8 | 0.6 | (0.0) | (6.6) | 0.2 |
| Net Income | (6.4) | (32.9) | (53.3) | (94.5) | (12.2) | 3.7 |
| Per Share Data | ||||||
| EPS (Basic) | -0.09 | -0.43 | -0.69 | -1.23 | -0.29 | 0.01 |
| EPS (Diluted) | -0.08 | -0.43 | -0.69 | -1.23 | -0.29 | 0.01 |
| Shares Outstanding | 73.9 | 77.0 | 77.0 | 77.0 | 77.0 | 77.0 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Current Assets | ||||||
| Cash & Cash Equivalents | 210.2 | 82.6 | 55.0 | 50.9 | 97.0 | 0 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 67.4 | 66.9 | 51.6 | 51.1 | 40.9 | 0 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | (5.5) | 4.9 | 5.6 | 4.6 | 0.4 | 0 |
| Total Current Assets | 286.5 | 158.4 | 114.6 | 110.2 | 143.6 | 0 |
| Non-Current Assets | ||||||
| Property, Plant & Equipment | 0 | 0.1 | 0.2 | 0.7 | 1.5 | 0 |
| Goodwill | 51.9 | 51.9 | 51.9 | 51.9 | 52.1 | 0 |
| Intangible Assets | 30.5 | 27.8 | 26.1 | 37.4 | 50.4 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0.6 | 2.0 | 3.1 | 0.2 | 0 |
| Total Non-Current Assets | 91.8 | 80.4 | 80.2 | 93.2 | 105.5 | 0 |
| Total Assets | 378.3 | 238.7 | 194.8 | 203.4 | 249.1 | 0 |
| Current Liabilities | ||||||
| Account Payables | 59.5 | 63.6 | 49.9 | 31.8 | 40.3 | 0 |
| Short-Term Debt | 0 | 50.2 | 49.3 | 52.8 | 46.5 | 0 |
| Deferred Revenue | 0 | 9.0 | 3.8 | 5.0 | 3.0 | 0 |
| Other Current Liabilities | 5.6 | 25.8 | 9.3 | 11.1 | 0 | 0 |
| Total Current Liabilities | 68.5 | 155.2 | 116.8 | 109.5 | 94.6 | 0 |
| Non-Current Liabilities | ||||||
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 1.8 | 0 |
| Other Non-Current Liabilities | 4.0 | 191.1 | 184.0 | 181.9 | 183.5 | 67.9 |
| Total Non-Current Liabilities | 4.0 | 191.1 | 184.0 | 181.9 | 186.1 | 67.9 |
| Total Liabilities | 72.6 | 346.3 | 300.7 | 291.4 | 280.7 | 0 |
| Stockholders' Equity | ||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0 |
| Retained Earnings | (261.1) | (254.7) | (221.8) | (168.5) | (74.0) | 0 |
| Accumulated Other Comprehensive Income | (0.2) | 0 | 0 | 0 | 0 | 0 |
| Total Stockholders' Equity | 305.7 | (107.6) | (105.9) | (88.0) | (31.5) | 0 |
| Total Liabilities & Equity | 378.3 | 238.7 | 194.8 | 203.4 | 249.1 | 0 |
| Debt Metrics | ||||||
| Total Debt | 0 | 50.2 | 49.3 | 53.6 | 48.6 | 0 |
| Net Debt | (210.2) | (32.3) | (5.6) | 2.6 | (48.4) | 0 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Net Income | (6.4) | (32.9) | (10.0) | (94.5) | (12.2) | 3.7 |
| Depreciation & Amortization | 9.9 | 8.3 | 0 | 16.8 | 3.0 | 3.7 |
| Stock-Based Compensation | 31.7 | 31.2 | 0 | 34.2 | 19.4 | 0.5 |
| Change in Working Capital | (15.6) | 6.3 | 11.4 | (11.9) | (12.0) | 0.2 |
| Other Non-Cash Items | 46.5 | 29.6 | (4.4) | (1.0) | 9.0 | (1.9) |
| Operating Cash Flow | 56.5 | 42.5 | (3.0) | (56.9) | (1.1) | 6.2 |
| Investing Activities | ||||||
| Capital Expenditure | (12.5) | (9.9) | 0 | (4.1) | (3.9) | 0 |
| Acquisitions | 0 | 0 | 0 | 0 | 2.6 | 0 |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 42.8 | 0 | 0 | 0 |
| Other Investing Activities | (4.6) | 0 | (5.0) | (3.8) | (3.9) | (3.1) |
| Investing Cash Flow | (17.1) | (9.9) | 37.8 | (4.1) | (1.4) | (3.1) |
| Financing Activities | ||||||
| Net Debt Issuance | (24) | (5) | 2.7 | 13.8 | (9.6) | 2.1 |
| Stock Repurchased | (10.0) | (0.3) | (41.1) | (0.0) | (1.6) | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (5.7) | 0.3 | 3.5 | 1.1 | (10.6) | 0.0 |
| Financing Cash Flow | 88.2 | (5.0) | (34.9) | 14.9 | 91.7 | 2.1 |
| Cash Position | ||||||
| Net Change in Cash | 127.6 | 27.6 | (0.1) | (46.1) | 89.3 | 7.8 |
| Cash at Beginning | 82.6 | 55.0 | 0.2 | 97.0 | 7.8 | 0 |
| Cash at End | 210.2 | 82.6 | 0.1 | 50.9 | 97.0 | 7.8 |
| Free Cash Flow | 44.0 | 32.6 | (3.0) | (61.0) | (5.0) | 6.2 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Income Statement | ||||||
| Revenue | 290.1 | 225.6 | 176.3 | 134.2 | 99.3 | 52.1 |
| Gross Profit | 221.3 | 161.5 | 123.4 | 72.4 | 66.0 | 32.2 |
| Operating Income | 24.0 | (1.6) | (46.1) | (95.2) | (11.1) | 5.2 |
| Net Income | (6.4) | (32.9) | (53.3) | (94.5) | (12.2) | 3.7 |
| EPS (Diluted) | -0.08 | -0.43 | -0.69 | -1.23 | -0.29 | 0.01 |
| Balance Sheet | ||||||
| Cash & Equivalents | 210.2 | 82.6 | 55.0 | 50.9 | 97.0 | 0 |
| Total Assets | 378.3 | 238.7 | 194.8 | 203.4 | 249.1 | 0 |
| Total Debt | 0 | 50.2 | 49.3 | 53.6 | 48.6 | 0 |
| Stockholders' Equity | 305.7 | (107.6) | (105.9) | (88.0) | (31.5) | 0 |
| Cash Flow | ||||||
| Operating Cash Flow | 56.5 | 42.5 | (3.0) | (56.9) | (1.1) | 6.2 |
| Capital Expenditure | (12.5) | (9.9) | 0 | (4.1) | (3.9) | 0 |
| Free Cash Flow | 44.0 | 32.6 | (3.0) | (61.0) | (5.0) | 6.2 |