MNTN Inc. Q4 Revenue Up 36% to $87.1M, Net Income $34.5M Sparks 41% Surge
MNTN Inc. shares jumped 41.3% after reporting Q4 revenue of $87.1 million, up 36% year-over-year excluding its Maximum Effort divestiture, and net income of $34.5 million versus a $4 million loss a year earlier. The company delivered 82% gross margin, $28.1 million adjusted EBITDA, $210 million cash with no debt; guided FY2026 revenue $345–355 million.
1. Q4 Financial Results
MNTN reported fourth-quarter revenue of $87.1 million, representing 36% growth year-over-year on a pro forma basis excluding the Maximum Effort divestiture. Active Performance TV customers increased by 63%, driving record top-line performance and reversing a $4 million net loss in Q4 2024 to $34.5 million in net income.
2. Profitability and Cash Position
Gross margin expanded to 82% from 77% a year earlier, while adjusted EBITDA reached $28.1 million, or 32% of revenue. The company ended the quarter with $210 million in cash and cash equivalents and carried no outstanding debt, strengthening its balance sheet.
3. FY2026 Guidance and Outlook
MNTN guided full-year 2026 revenue to a range of $345 million to $355 million, implying approximately 22.9% growth at the midpoint. Management highlighted continued momentum in its Performance TV platform and plans to leverage strong customer adoption for further market share gains.