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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).

Revenue$80.3M
Year over year+15%
Operating margin10.9%
Net earnings$7.7M
Operating cash flow$9.5M

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

Mntn revenue by quarterMntn revenue by quarter$68.5MQ2 2025$70.0MQ3 2025$87.1MQ4 2025$73.7MQ1 2026$82.5MQ2 2026$80.3MQ3 2026
Mntn net earnings by quarterMntn net earnings by quarter−$26.2MQ2 2025$6.4MQ3 2025$34.5MQ4 2025$8.8MQ1 2026$6.7MQ2 2026$7.7MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 20268-KNov 4, 2026$80.3M+15%10.9%$7.7M$9.5M
Q2 202610-QAug 10, 2026$82.5M+21%8.6%$6.7M$26.9M
Q1 202610-QMay 11, 2026$73.7M+14%13.0%$8.8M$7.1M
Q4 202510-KFeb 19, 2026$87.1M+25%23.6%$34.5M$29.6M
Q3 202510-QNov 10, 2025$70.0M+23%10.8%$6.4M$9.3M
Q2 202510-QAug 11, 2025$68.5M+25%5.4%−$26.2M$15.6M

Charts

Mntn: revenue growth, year over year and quarter over quarterMntn: revenue growth, year over year and quarter over quarterY/YQ/Q+25%Q2 2025+23%+2%Q3 2025+25%+24%Q4 2025+14%-15%Q1 2026+21%+12%Q2 2026+15%-3%Q3 2026
Latest (Q3 2026): Y/Y +15%, Q/Q -3%.
Mntn: where the cash came from (+) and went (−), TTM to Q2 2026Mntn: where the cash came from (+) and went (−), TTM to Q2 2026Operating cash flow$72.9MCash drawn (+) / kept (−)−$62.1MOther investing−$8.3MOther financing−$3.6MShares issued$1.1M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Mntn: profit against cash, quarter by quarterMntn: profit against cash, quarter by quarterNet incomeOperating cash flow−$3.9M$12.6MQ3 2024−$4.0M$27.0MQ4 2024−$21.1M$2.0MQ1 2025−$26.2M$15.6MQ2 2025$6.4M$9.3MQ3 2025$34.5M$29.6MQ4 2025$8.8M$7.1MQ1 2026$6.7M$26.9MQ2 2026
Latest (Q2 2026): Net income $6.7M, Operating cash flow $26.9M.
Mntn in its industry: growth against margin (16 companies, SIC 7310)Mntn in its industry: growth against margin (16 companies, SIC 7310)revenue growth, year over year →↑ operating marginmedian +11%median -11%CCOANGITHRYIBTANCMIFLNTTZOODRCTINUVPSQHIZEAADMQONARZICXMOBQMNTN (+15%, 11%)
Services-Advertising; dot size is quarterly revenue; dashed lines are the industry's medians.

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%.

CompanyQuarterRevenueY/YOp. margin
MNTN MntnQ3 2026$80.3M+15%10.9%
CCO Clear Channel Outdoor HoldingsQ2 2026$438M+9%20.3%
ANGI AngiQ3 2026$242M-9%6.4%
THRY Thryv HoldingsQ2 2026$151M-28%-0.8%
IBTA IbottaQ3 2026$97.8M+18%4.8%
NCMI National CineMediaQ2 2026$58.4M+13%-21.9%
FLNT FluentQ2 2026$48.4M+8%-10.2%
TZOO TravelzooQ3 2026$22.9M+3%-11.2%
DRCT Direct Digital HoldingsQ2 2026$7.8M-23%-37.4%

Source: Mntn 8-K on SEC EDGAR · CIK 1891027 · Services-Advertising

Guidance and outlook

Mntn Revenue: guidance against what was reportedMntn Revenue: guidance against what was reportedguided rangereported (above / within / below)FY2026Q2 2026$82.5MQ3 2026Q4 2026
Met or beat 1 of 1 guided periods. Grey: the last range guided before the figures came out; dot: the reported figure.

13F: who owns MNTN and who is buying

Largest holders of MNTN (13F)Largest holders of MNTN (13F)Mercato Partners Growth III GP, L…$114MMercato Management Legacy, LLC$56.7MWellington Management Group LLP$51.8MBlackRock$39.2MFMR LLC$28.9MGreycroft LP$19.0MVanguard Capital Management LLC$17.7MD. E. Shaw$10.6MGeode Capital Management, LLC$7.7MVanguard Group$7.1M
Funds' net buying of MNTN by quarter (13F)Funds' net buying of MNTN by quarter (13F)$434M2025-06−$8.8M2025-09−$48.1M2025-12−$12.2M2026-03$66.2M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on MNTN

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results

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中文版:Mntn(MNTN)财报

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