Inferra AI / Company / MNTN
MNTN, Inc.
MNTN · Communication Services
Last earnings Aug 4, 2026
Key results
Revenuequarter
25%
revenue grew 25% year-over-year to $73.7 million , adjusting for the divestiture of Maximum Effort First quarter gross margin improved to 81% from 69% in Q1 2025, a 1220 basis point improvement First quarter positive
SEC original ↗MNTN, Inc. — Earnings release (8-K exhibit)EX-99May 5, 2026
Gross marginquarter
81%
revenue grew 25% year-over-year to $73.7 million , adjusting for the divestiture of Maximum Effort First quarter gross margin improved to 81% from 69% in Q1 2025, a 1220 basis point improvement First quarter positive
SEC original ↗MNTN, Inc. — Earnings release (8-K exhibit)EX-99May 5, 2026
Net incomequarter
$8.8 million
net income of $8.8 million and Adjusted EBITDA grew 74% year-over-year to $16.3 million
SEC original ↗MNTN, Inc. — Earnings release (8-K exhibit)EX-99May 5, 2026
First quarter revenue grew 25% year-over-year to $73.7 million, adjusting for the divestiture of Maximum Effort on April 1st, 2025.
SEC original ↗MNTN, Inc. — Earnings release (8-K exhibit)EX-99May 5, 2026
GAAP revenuequarter
14%
Total first quarter GAAP revenue grew 14% year-over-year, including the contribution of Maximum Effort revenue in Q1 2025.
SEC original ↗MNTN, Inc. — Earnings release (8-K exhibit)EX-99May 5, 2026
First quarter gross margin improved to 81% from 69% in Q1 2025, up 1,220 basis points year-over-year.
SEC original ↗MNTN, Inc. — Earnings release (8-K exhibit)EX-99May 5, 2026
First quarter net income was $8.8 million, compared to a net loss of $21.1 million in the prior year period.
SEC original ↗MNTN, Inc. — Earnings release (8-K exhibit)EX-99May 5, 2026
Trailing Twelve Months Active PTV Customer Count Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Number of Active PTV Customers (TTM) 1,578 1,746 1,990 2,225 2,647 3,020 3,316 3,632 3,874 We had a strong start to 2026, delivering first quarter revenue growth of 25% year-over-year, an Adjusted EBITDA increase of 74% year-over-year and record positive net income, said Mark Douglas, CEO of MNTN.
SEC original ↗MNTN, Inc. — Earnings release (8-K exhibit)EX-99May 5, 2026
AI analysis
Q1 2026 · reported May 5, 2026
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Headline figures
| Metric | Q1 2026 | Prior qtr | Year ago |
|---|---|---|---|
| Revenue | 25% | — | — |
| Gross margin | 81% | — | — |
| Net income | $8.8 million | — | — |
| GAAP revenue | 14% | — | — |
Guidance · company-stated
No guidance located in the held release
“Third Quarter 2026 Outlook Revenue is expected to be between $86 million and $89 million, representing expected year-over-year growth of 25% at the midpoint.”
Margin
Capital allocation
The Company ended the quarter with $214 million in cash and cash equivalents, and no borrowings outstanding.
Our balance sheet remains robust, with $214 million in cash and cash equivalents and no outstanding borrowings.
Event summary
MNTN, Inc. Q1 2026 — revenue grew 25% year-over-year to $73.7 million , adjusting for the divestiture of Maximum Effort First quarter gross margin improved to 81% from 69% in Q1 2025, a 1220 basis point improvement First…
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Guidance & outlook
No guidance located in the held release
Capital allocation
The Company ended the quarter with $214 million in cash and cash equivalents, and no borrowings outstanding.
SEC original ↗MNTN, Inc. — Earnings release (8-K exhibit)EX-99May 5, 2026
Our balance sheet remains robust, with $214 million in cash and cash equivalents and no outstanding borrowings.
SEC original ↗MNTN, Inc. — Earnings release (8-K exhibit)EX-99May 5, 2026
Adjusted EBITDA is presented because we believe it provides useful supplemental information to investors, analysts, and rating agencies regarding our operating performance and our capacity to incur and service debt and is frequently used by these parties in evaluating companies in our industry.
SEC original ↗MNTN, Inc. — Earnings release (8-K exhibit)EX-99May 5, 2026
Convertible debt On April 1, 2025, the Company and the holders of the Convertible Notes executed an Omnibus Amendment and Note Conversion Agreement (the Note Conversion Amendment ).
SEC original ↗MNTN, Inc. — 10-Q Quarterly report10-QAug 10, 2026
As the terms of the Note Conversion Amendment were determined to be substantially different than the terms of the Convertible Notes prior to the Note Conversion Amendment, the modification was accounted for as a debt extinguishment and the modified 13 Table of Contents Convertible Notes were recorded on the condensed consolidated balance sheets at fair value.
SEC original ↗MNTN, Inc. — 10-Q Quarterly report10-QAug 10, 2026
The Company estimated the fair value of the Convertible Notes using a scenario-based approach and unobservable inputs including the timing and probability weighting of potential liquidity events, discount for lack of marketability on securities, discount rate, interest rates, expected volatility, and dividend yields.
SEC original ↗MNTN, Inc. — 10-Q Quarterly report10-QAug 10, 2026
Strategy & priorities
MNTN s software is unlocking television for millions of small to midsized businesses, allowing them to turn Connected TV into a core part of their growth strategy.
SEC original ↗MNTN, Inc. — Earnings release (8-K exhibit)EX-99May 5, 2026
Combined with strong customer growth and margin expansion, this positions us well for sustained, profitable growth.
SEC original ↗MNTN, Inc. — Earnings release (8-K exhibit)EX-99May 5, 2026
Recent Highlights Active Performance TV customers grew 46% year-over-year in the trailing twelve months ended March 31, 2026 as compared to the trailing twelve months ended March 31, 2025, reflecting continued expansion across MNTN s small and mid-sized business customer base.
SEC original ↗MNTN, Inc. — Earnings release (8-K exhibit)EX-99May 5, 2026
We are continuing to invest strategically in sales, marketing, and product development to drive sustained growth, all while maintaining a disciplined focus on profitability.
SEC original ↗MNTN, Inc. — Earnings release (8-K exhibit)EX-99May 5, 2026
All statements other than statements of historical fact contained in this press release should be considered forward-looking statements, including, but not limited to, statements regarding our future results of operations and financial position, including our second quarter and full year 2026 revenues and Adjusted EBITDA outlook and expectations regarding gross margin improvement, assumptions, prospects, business strategy, and plans and objectives of management for future operations, the performance of our products and benefits to customers, potential partnerships, opportunity and demand, and industry and market trends.
SEC original ↗MNTN, Inc. — Earnings release (8-K exhibit)EX-99May 5, 2026
Risks & headwinds
Legal Proceedings 39 Item 1A.
SEC original ↗MNTN, Inc. — 10-Q Quarterly report10-QAug 10, 2026
Forward-looking statements involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements.
SEC original ↗MNTN, Inc. — 10-Q Quarterly report10-QAug 10, 2026
Because forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified, you should not rely on these forward-looking statements as predictions of future events.
SEC original ↗MNTN, Inc. — 10-Q Quarterly report10-QAug 10, 2026
New risks and uncertainties may emerge from time to time, and it is not possible for management to predict all risks and uncertainties that may cause our actual results to differ materially from those projected in our forward-looking statements.
SEC original ↗MNTN, Inc. — 10-Q Quarterly report10-QAug 10, 2026
By their nature, estimates are subject to an inherent degree of uncertainty and actual results could differ from those estimates.
SEC original ↗MNTN, Inc. — 10-Q Quarterly report10-QAug 10, 2026
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
13 documentsEarnings releases
5 documentsPresentations
0 documentsNo presentations for MNTN, Inc. are held in this edition of the library.
Transcripts
0 documentsNo transcripts for MNTN, Inc. are held in this edition of the library.
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