MNTN
MNTN, Inc.

MNTN, Inc.MNTN

Technology · Software - Application
11.01USD
+0.92%
Sep 28, 2026
MNTN overview ready
Self-Serve Connected TV Platform Enabling Performance Marketers’ Campaigns
MNTN is a direct platform operator focused on making connected-TV advertising accessible to performance marketers through self-serve campaign management and measurement-oriented workflows.
Narrative not measured
Television Advertising DigitizationPerformance-Oriented Connected TV AdvertisingPure play
Price action is under distribution
Longer-term context reads new trend, with a near-term setup of constructive pullback.
Fair valuation
The price broadly reflects the cash the business actually produces, with upside and risk reasonably balanced.
Solid fundamentals
Free cash flow yield is strong.
Primary risk
Dependence on advertising spend cycles.
Market Sep 25Filing Jun 30Price action Sep 27Research Jul 17

Conviction Level

Theme Heat has no canonical measurement for this company — a research-profile dimension, not an input to this score.

NarrativeHeat—ThemeHeat—PriceAction6.9Valuation3.5CompanyPosition9.3
Price
Loading price history…

Price Action

Price action is under distribution
Longer-term context reads new trend, with a near-term setup of constructive pullback.
EntryReset + recovery

The recent reset toward the daily SMA200 aligned with support at the weekly EMA21. Daily structure is recovering above the fast averages, improving the current entry location.

Key Financials

Market Cap
$181.0M
Avg Volume (60D)
962.0K
60 sessions
Revenue Growth YoY
+28.6%
FY2025 vs FY2024
Gross Margin
+80.8%
Trailing twelve months
Operating Margin
+14.3%
Trailing twelve months
Free Cash Flow Yield
+23.3%
Distance from 200DMA
+7.4%
Next Earnings
2026-11-03
P/E
3.2x
Market metrics as of Sep 25, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Jun 30, 2026

Fundamentals & Valuation

Both valuation perspectives agree this company is cheap. The published stance is held at fair because share count compounding at 142% a year — dilution is taxing holders.
MNTN, Inc. has a Fair valuation stance because the price broadly reflects the cash the business actually produces, with upside and risk reasonably balanced. It trades at a 23.3% free-cash-flow yield, broadly in line with what the business currently supports.

Company Research

Thesis
MNTN is a direct platform operator focused on making connected-TV advertising accessible to performance marketers through self-serve campaign management and measurement-oriented workflows.
Opportunity
Moderate opportunity
Brands are shifting portions of television advertising budgets toward connected-TV inventory and software-driven buying tools that offer targeting, self-service campaign execution, and measurable conversion outcomes rather than traditional upfront TV buying alone.
Key risk
Dependence on advertising spend cycles.

Narrative & Theme

Television Advertising Digitization
Part of Performance-Oriented Connected TV Advertising, with strong fit.
MNTN has direct revenue exposure to the ongoing migration of TV ad budgets toward connected-TV and the demand for performance-accountable advertising outside the traditional linear-TV buying model.
Narrative HeatCooling4.1 / 10
This reading is no longer current (last measured 2026-08-14). It is kept until the next scheduled measurement replaces it.
Theme HeatUnavailable

Business & Markets

Technology · Software - Application
What they do

MNTN, Inc. operates a technology platform that enables brands to run performance marketing campaigns on Connected TV through a self-serve interface, simplifying TV ad management similar to search and social advertising.

How it earns

The company generates revenue primarily through transactional fees tied to advertising spend on its platform.

Products & services
Connected TV advertising platform
Self-serve TV ad management technology
Customers & end markets
Brands and advertisers
Digital marketing agencies
Market position

MNTN is positioned as a niche player focused on performance marketing within the Connected TV advertising segment.

Demand drivers
Medium cyclicality

Advertising budgets can fluctuate with economic cycles, impacting demand for marketing technology platforms.