Filing Flows › Industrials › Mntn (MNTN)
Mntn (MNTN) earnings and revenue breakdown
Latest: Q3 2026 · 8-K filed Nov 4, 2026
Q3 2026 Revenue up 15% year over year to $80.3M · 10¢ of every $1 of revenue kept as net profit · operating margin 10.9%
Mntn made $80.3M in Q3 2026 (+15% Y/Y). Operating margin 10.9%, net earnings $7.7M. See where every dollar goes — costs, profit and cash — as a Sankey from the 8-K filed Nov 4, 2026 (preliminary, from the earnings release).
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $80.3M in Q3 2026, up 15% year over year and down 3% from the previous quarter.
Gross margin was 78.8%, down 0.1 points from Q3 2025. Operating profit was $8.7M, a 10.9% margin (up 0.1 points year over year). Of the extra revenue versus Q3 2025, 12% reached operating profit, above the 11% margin then. Operating expenses grew 14% against revenue growth of 15%. The fastest-growing cost line was Research & development (+27%). Net earnings were $7.7M, up 19% year over year. The effective tax rate was 32.6%. Non-operating items added $2.6M, 23% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $9.5M (up 2% year over year), 124% of net earnings. Non-cash charges added back $6.3M of share-based compensation. Working capital and other items used $4.5M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 8-K | Nov 4, 2026 | $80.3M | +15% | 10.9% | $7.7M | $9.5M |
| Q2 2026 | 10-Q | Aug 10, 2026 | $82.5M | +21% | 8.6% | $6.7M | $26.9M |
| Q1 2026 | 10-Q | May 11, 2026 | $73.7M | +14% | 13.0% | $8.8M | $7.1M |
| Q4 2025 | 10-K | Feb 19, 2026 | $87.1M | +25% | 23.6% | $34.5M | $29.6M |
| Q3 2025 | 10-Q | Nov 10, 2025 | $70.0M | +23% | 10.8% | $6.4M | $9.3M |
| Q2 2025 | 10-Q | Aug 11, 2025 | $68.5M | +25% | 5.4% | −$26.2M | $15.6M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Mntn
Our revolutionary PTV software platform allows marketers to combine the powerful storytelling format of TV advertising with the targeting, measurement and attribution capabilities of paid search and social advertising. Our self-serve software platform enables marketers to precisely target audiences through our MNTN Matched technology and then directly attribute each view to a purchase or other action. Marketers can set performance goals, such as ROAS, and our algorithms continuously optimize a campaign to achieve those goals. Our market opportunity sits at the center of three large advertising markets: performance marketing, traditional TV advertising, and CTV advertising.
In its own words, from its 10-K, filed Feb 19, 2026.
Mntn against its Services-Advertising peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +15% against the peers' median +8%. Operating margin: 10.9% against the peers' median -0.8%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| MNTN Mntn | Q3 2026 | $80.3M | +15% | 10.9% |
| CCO Clear Channel Outdoor Holdings | Q2 2026 | $438M | +9% | 20.3% |
| ANGI Angi | Q3 2026 | $242M | -9% | 6.4% |
| THRY Thryv Holdings | Q2 2026 | $151M | -28% | -0.8% |
| IBTA Ibotta | Q3 2026 | $97.8M | +18% | 4.8% |
| NCMI National CineMedia | Q2 2026 | $58.4M | +13% | -21.9% |
| FLNT Fluent | Q2 2026 | $48.4M | +8% | -10.2% |
| TZOO Travelzoo | Q3 2026 | $22.9M | +3% | -11.2% |
| DRCT Direct Digital Holdings | Q2 2026 | $7.8M | -23% | -37.4% |
Source: Mntn 8-K on SEC EDGAR · CIK 1891027 · Services-Advertising
Guidance and outlook
13F: who owns MNTN and who is buying
More on MNTN
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results