MNTN (MNTN)
Market Price (8/24/2026): $12.9 | Market Cap: $953.6 MilSector: Information Technology | Industry: Application Software
MNTN (MNTN)
Market Price (8/24/2026): $12.9Market Cap: $953.6 MilSector: Information TechnologyIndustry: Application Software
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.9%, FCF Yield is 6.2% Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -25% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 23%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 19% Megatrend and thematic driversMegatrends include Social Media & Creator Economy, and Digital Advertising. Themes include Ad-Tech Platforms. | Weak multi-year price returns2Y Excs Rtn is -24%, 3Y Excs Rtn is -55% | Key risksMNTN key risks include [1] challenges in executing its ambitious growth strategy to justify its valuation and achieve sustained profitability after a history of operational inefficiencies, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.9%, FCF Yield is 6.2% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -25% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 23%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 19% |
| Megatrend and thematic driversMegatrends include Social Media & Creator Economy, and Digital Advertising. Themes include Ad-Tech Platforms. |
| Weak multi-year price returns2Y Excs Rtn is -24%, 3Y Excs Rtn is -55% |
| Key risksMNTN key risks include [1] challenges in executing its ambitious growth strategy to justify its valuation and achieve sustained profitability after a history of operational inefficiencies, Show more. |
Qualitative Assessment
AI Analysis | Feedback
MNTN (MNTN) stock has gained about 35% since 4/30/2026 because of the following key factors:
1. MNTN achieved a significant financial turnaround in fiscal Q2 2026, reporting a net income of $6.7 million, a substantial improvement from a net loss of $26.2 million in fiscal Q2 2025.
This shift to profitability was accompanied by robust Adjusted EBITDA growth, which increased by 48% year-over-year to $21.5 million in fiscal Q2 2026, with the Adjusted EBITDA margin expanding to 26.1% from 21.2% in the prior-year quarter.
2. The company demonstrated strong revenue growth and expanded its customer base in its core Performance TV segment.
MNTN's revenue for fiscal Q2 2026 grew 21% year-over-year to $82.5 million, surpassing analysts' expectations. Furthermore, active Performance TV (PTV) customers increased by 39.9% year-over-year to 4,225 in the twelve months ended June 30, 2026, reflecting continued adoption of its platform.
Show more
MNTN (MNTN) stock has gained about 35% since 4/30/2026 because of the following key factors:
1. MNTN achieved a significant financial turnaround in fiscal Q2 2026, reporting a net income of $6.7 million, a substantial improvement from a net loss of $26.2 million in fiscal Q2 2025.
This shift to profitability was accompanied by robust Adjusted EBITDA growth, which increased by 48% year-over-year to $21.5 million in fiscal Q2 2026, with the Adjusted EBITDA margin expanding to 26.1% from 21.2% in the prior-year quarter.
2. The company demonstrated strong revenue growth and expanded its customer base in its core Performance TV segment.
MNTN's revenue for fiscal Q2 2026 grew 21% year-over-year to $82.5 million, surpassing analysts' expectations. Furthermore, active Performance TV (PTV) customers increased by 39.9% year-over-year to 4,225 in the twelve months ended June 30, 2026, reflecting continued adoption of its platform.
3. MNTN's Board of Directors authorized a $100 million stock repurchase program, signaling confidence in the company's valuation and future prospects.
Announced on August 3, 2026, this program allows for repurchases of Class A common stock through August 5, 2027. This move is often viewed favorably by investors as it can reduce the number of outstanding shares and boost earnings per share.
4. The company reiterated a positive financial outlook for the full fiscal year 2026 and highlighted traction in new product offerings.
MNTN reaffirmed its full-year fiscal 2026 revenue guidance to be between $347 million and $357 million and Adjusted EBITDA guidance between $96 million and $101 million. Management also noted strong early adoption of new products like MNTN Express, with over 7,000 sign-ups, and QuickFrame AI, which recorded over 73,000 year-to-date sign-ups.
Show less
Stock Movement Drivers
Fundamental Drivers
The 36.8% change in MNTN stock from 4/30/2026 to 8/23/2026 was primarily driven by a 26.4% change in the company's P/S Multiple.| (LTM values as of) | 4302026 | 8232026 | Change |
|---|---|---|---|
| Stock Price ($) | 9.43 | 12.90 | 36.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 290 | 313 | 8.0% |
| P/S Multiple | 2.4 | 3.0 | 26.4% |
| Shares Outstanding (Mil) | 74 | 74 | 0.2% |
| Cumulative Contribution | 36.8% |
Market Drivers
4/30/2026 to 8/23/2026| Return | Correlation | |
|---|---|---|
| MNTN | 36.8% | |
| Market (SPY) | 6.5% | 1.8% |
| Sector (XLK) | 14.9% | -7.4% |
Fundamental Drivers
The 40.2% change in MNTN stock from 1/31/2026 to 8/23/2026 was primarily driven by a 22.5% change in the company's P/S Multiple.| (LTM values as of) | 1312026 | 8232026 | Change |
|---|---|---|---|
| Stock Price ($) | 9.20 | 12.90 | 40.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 273 | 313 | 14.9% |
| P/S Multiple | 2.5 | 3.0 | 22.5% |
| Shares Outstanding (Mil) | 74 | 74 | -0.3% |
| Cumulative Contribution | 40.2% |
Market Drivers
1/31/2026 to 8/23/2026| Return | Correlation | |
|---|---|---|
| MNTN | 40.2% | |
| Market (SPY) | 11.0% | 12.8% |
| Sector (XLK) | 27.6% | 7.3% |
Fundamental Drivers
The -54.2% change in MNTN stock from 7/31/2025 to 8/23/2026 was primarily driven by a -71.1% change in the company's P/S Multiple.| (LTM values as of) | 7312025 | 8232026 | Change |
|---|---|---|---|
| Stock Price ($) | 28.16 | 12.90 | -54.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 167 | 313 | 87.7% |
| P/S Multiple | 10.5 | 3.0 | -71.1% |
| Shares Outstanding (Mil) | 62 | 74 | -15.5% |
| Cumulative Contribution | -54.2% |
Market Drivers
7/31/2025 to 8/23/2026| Return | Correlation | |
|---|---|---|
| MNTN | -54.2% | |
| Market (SPY) | 22.2% | 14.9% |
| Sector (XLK) | 40.1% | 9.9% |
Fundamental Drivers
The 20.6% change in MNTN stock from 7/31/2023 to 8/23/2026 was primarily driven by a 0.0% change in the company's P/E Multiple.| (LTM values as of) | 7312023 | 8232026 | Change |
|---|---|---|---|
| Stock Price ($) | 10.70 | 12.90 | 20.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | � | 313 | 0.0% |
| Net Income Margin (%) | � | 18.0% | 0.0% |
| P/E Multiple | � | 16.9 | 0.0% |
| Shares Outstanding (Mil) | 62 | 74 | -15.5% |
| Cumulative Contribution | 0.0% |
Market Drivers
7/31/2023 to 8/23/2026| Return | Correlation | |
|---|---|---|
| MNTN | 20.6% | |
| Market (SPY) | 73.2% | 3.2% |
| Sector (XLK) | 109.4% | 6.5% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| MNTN Return | - | 4% | 7% | 1% | 9% | 6% | 29% |
| Peers Return | -8% | -34% | -15% | 89% | -46% | -34% | -65% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 103% |
Monthly Win Rates [3] | |||||||
| MNTN Win Rate | - | 83% | 92% | 67% | 25% | 50% | |
| Peers Win Rate | 50% | 25% | 52% | 78% | 53% | 22% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| MNTN Max Drawdown | - | - | -1% | -8% | -86% | -38% | |
| Peers Max Drawdown | -27% | -42% | -17% | -55% | -62% | -46% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: ADSK, HIT, BMR, HODO, PARA.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/21/2026 (YTD)
How Low Can It Go
| Event | MNTN | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -29.8% | -18.8% |
| % Gain to Breakeven | 42.4% | 23.1% |
| Time to Breakeven | 34 days | 79 days |
In The Past
MNTN's stock fell -29.8% during the 2025 US Tariff Shock. Such a loss loss requires a 42.4% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
| Event | MNTN | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -29.8% | -18.8% |
| % Gain to Breakeven | 42.4% | 23.1% |
| Time to Breakeven | 34 days | 79 days |
In The Past
MNTN's stock fell -29.8% during the 2025 US Tariff Shock. Such a loss loss requires a 42.4% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About MNTN (MNTN)
Everest Consolidator Acquisition Corporation, trading under the symbol MNTN, is a company established with the primary objective of acquiring existing businesses or assets. It operates as an acquisition vehicle, designed to identify a suitable target company and merge with it, acquire its stock, or purchase its assets, effectively bringing a private entity to the public market or integrating it into a larger structure.
MNTN's strategic focus is exclusively on the wealth management industry. This means the company is actively seeking to combine with or acquire businesses that operate in areas such as financial planning, investment advisory, or other services related to managing wealth. Its function is to locate and execute a business combination with a promising company within this specialized financial sector.
AI Analysis | Feedback
MNTN is like a Rollins for wealth management firms, acquiring and consolidating financial advisory businesses.
Think of it as a Procter & Gamble for financial advisory brands, building a portfolio of wealth management companies.
AI Analysis | Feedback
- Identification of Acquisition Targets: The company actively seeks and evaluates businesses, primarily in the wealth management industry, that are suitable candidates for merger or acquisition.
- Execution of Business Combinations: It undertakes the process of acquiring assets, businesses, or entities through various corporate finance mechanisms such as mergers, capital stock exchanges, asset acquisitions, or stock purchases.
AI Analysis | Feedback
Based on the provided company description, MNTN (Everest Consolidator Acquisition Corporation) is an acquisition company whose primary business is to acquire assets and businesses or entities in the wealth management industry through mergers, stock exchanges, asset acquisitions, or similar business combinations. Its core function is to identify and acquire, rather than to sell products or services to external entities or individuals.
Therefore, MNTN does not have major customers in the traditional sense of companies or individuals purchasing its offerings.
AI Analysis | Feedback
AI Analysis | Feedback
Adam Dooley Chairman, Chief Executive Officer, President, Treasurer, Secretary, and Director
Adam Dooley has nearly 30 years of experience in the financial services industry, with a specialization in the wealth management sector. He has a proven track record of leading international transformation initiatives for several prominent publicly traded companies in this space. Dooley is the founder, Chairman, and Chief Executive Officer of Belay International Corporation, a private equity firm established in January 2021. He also founded and serves as the managing principal of Belay Associates, a dedicated SPAC sponsor platform. Prior to these roles, he was President of PREP Securities, a broker-dealer subsidiary, from December 2019 to December 2020. From February 2014 to December 2019, Dooley was a Managing Director and Partner at CR Capital Group LLC, a financial firm where he led advisory and joint partnerships with alternative investment managers to build capital-raising platforms within the private wealth management sector. Earlier in his career, he served as Vice President and National Sales Manager at MetLife, Inc. from November 2012 to December 2013, and was previously the head of wealth management at MetLife Europe. He began his career as a private client advisor at Smith Barney. Dooley's extensive experience with private equity through Belay International Corporation and CR Capital Group LLC, alongside his role in launching and managing SPACs, demonstrates a consistent pattern of involvement with private equity-backed initiatives and capital markets.
AI Analysis | Feedback
- Failure to Consummate a Business Combination: The most significant risk stems from the company's inability to complete its initial business combination. Everest Consolidator Acquisition Corporation's primary purpose is to merge with or acquire another entity. The company has already faced significant challenges in this regard, including being delisted from the New York Stock Exchange (NYSE) in November 2024 for failing to consummate a business combination within the specified timeframe. Despite extending its deadline multiple times, most recently to December 2026, it remains a blank-check company with no significant operations or revenue.
- Risk of Liquidation: Should Everest Consolidator Acquisition Corporation ultimately fail to complete a business combination by its extended deadline, it will be forced to liquidate. In such a scenario, while public shareholders typically receive a portion of their initial investment back from the trust account, there is a risk of losing the entire investment, particularly for investors in warrants or other securities not covered by the trust.
- Disputes and Legal Challenges Related to Business Combinations: The company has encountered disputes over its proposed merger agreements. For instance, in September 2024, target companies attempted to terminate a definitive business combination agreement, which Everest Consolidator Acquisition Corporation disputed as a breach of contract. Such conflicts can lead to prolonged legal battles, increased expenses, and further hinder the company's ability to complete a merger.
AI Analysis | Feedback
AI Analysis | Feedback
AI Analysis | Feedback
AI Analysis | Feedback
Share Repurchases
- On September 24, 2021, Everest Consolidator Acquisition Corporation reacquired 1,437,500 shares of its Class B common stock from its sponsor for $6,250.
- In August 2024, stockholders exercised their right to redeem approximately 61.5% of the public shares, resulting in the removal of about $51.6 million from the company's trust account.
- In November 2024, shareholders holding 2,817,827 Public Shares, representing approximately 99.02% of the outstanding Public Shares, exercised their right to redeem their shares for a pro rata portion of the funds in the Trust Account.
Share Issuance
- The company priced its Initial Public Offering (IPO) at $150 million on November 23, 2021.
- The IPO successfully raised approximately $172.5 million in proceeds.
- Concurrently with the IPO, the sponsor agreed to purchase 5,733,333 warrants (with an option for 6,333,333 warrants if the over-allotment was exercised in full) at $1.50 per warrant through a private placement.
Inbound Investments
- Everest Consolidator Acquisition Corporation raised approximately $172.5 million from its IPO in November 2021.
- The sponsor agreed to purchase warrants at $1.50 per warrant in a private placement concurrent with the IPO.
- For each one-month extension of the business combination period, the company was required to deposit $10,000 into the Trust Account.
Outbound Investments
- In July 2023, Everest Consolidator Acquisition Corporation announced a definitive business combination agreement with Unifund Financial Technologies, a consumer debt servicing company.
Capital Expenditures
- Everest Consolidator Acquisition Corporation has not commenced any significant operations nor generated any revenues, thus incurring no material capital expenditures.
Peer Outperformance in Application Software
null| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Electronic Manufacturing Services | 9 | 56.5% | 203.8% | 337.5% | FLEX 733% · TTMI 686% · JBL 431% |
| Semiconductor Materials & Equipment | 27 | 137.0% | 78.5% | 122.3% | AEHR 1607% · AXTI 663% · KLAC 489% |
| Technology Distributors | 9 | 21.8% | 63.2% | 76.0% | CLMB 334% · AVT 153% · SNX 111% |
| Electronic Components | 26 | 54.5% | 63.6% | 57.4% | CLS 3162% · BELFA 1332% · LPTH 590% |
| Communications Equipment | 35 | 29.8% | 85.1% | 41.4% | AAOI 1714% · LITE 899% · ANET 702% |
| Semiconductors | 54 | 31.6% | 32.8% | 30.9% | POET 1926% · MU 1277% · NVDA 889% |
| Technology Hardware, Storage & Peripherals | 22 | 31.2% | 83.1% | 23.4% | STX 1046% · SMCI 949% · WDC 916% |
| Internet Services & Infrastructure | 6 | 13.9% | 40.0% | 15.0% | DOCN 108% · VRSN 34% · GDDY 33% |
| Electronic Equipment & Instruments | 27 | -7.9% | 14.3% | -4.5% | PI 209% · SOTK 138% · NSSC 127% |
| IT Consulting & Other Services | 28 | -25.2% | -6.7% | -18.1% | CHRN 627400% · APLD 1745% · INOD 705% |
| Application Software ← | 123 | -19.6% | -8.7% | -43.1% | VIDA 394900% · INLX 5338% · PLTR 617% |
| Systems Software | 69 | -7.8% | 17.1% | -55.4% | QNC 752% · PAYS 440% · PANW 386% |
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| MNTN Stock Pre-Market (+41%): Q4 Earnings Crush Estimates & Guides Higher | 02/11/2026 | |
| MNTN Earnings Notes | 12/16/2025 | |
| MNTN Stock Drop Looks Sharp, But How Deep Can It Go? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 1.31 |
| Mkt Cap | 1.0 |
| Rev LTM | 33 |
| Op Inc LTM | -5 |
| FCF LTM | -8 |
| FCF 3Y Avg | -2 |
| CFO LTM | -5 |
| CFO 3Y Avg | -0 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 20.1% |
| Rev Chg 3Y Avg | 13.8% |
| Rev Chg Q | 2.5% |
| QoQ Delta Rev Chg LTM | 0.2% |
| Op Inc Chg LTM | 14.6% |
| Op Inc Chg 3Y Avg | 27.4% |
| Op Mgn LTM | -16.1% |
| Op Mgn 3Y Avg | 0.5% |
| QoQ Delta Op Mgn LTM | -4.4% |
| CFO/Rev LTM | -15.6% |
| CFO/Rev 3Y Avg | 0.5% |
| FCF/Rev LTM | -23.3% |
| FCF/Rev 3Y Avg | -6.1% |
Price Behavior
| Market Price | $12.90 | |
| Market Cap ($ Bil) | 1.0 | |
| First Trading Date | 01/14/2022 | |
| Distance from 52W High | -43.9% | |
| 50 Days | 200 Days | |
| DMA Price | $10.30 | $16.87 |
| DMA Trend | down | up |
| Distance from DMA | 25.2% | -23.5% |
| 3M | 1YR | |
| Volatility | 75.2% | 74.3% |
| Downside Capture | 5.76 | 136.74 |
| Upside Capture | 205.34 | 40.86 |
| Correlation (SPY) | 15.8% | 17.3% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.69 | 0.48 | -0.21 | 0.71 | 0.84 | 0.58 |
| Up Beta | -4.19 | -2.60 | -4.71 | -0.84 | -0.10 | -0.82 |
| Down Beta | 4.62 | 1.87 | 2.38 | 3.13 | 2.29 | 0.47 |
| Up Capture | 98% | 88% | 6% | 43% | -9% | 14% |
| Bmk +ve Days | 11 | 22 | 35 | 67 | 138 | 427 |
| Stock +ve Days | 8 | 16 | 28 | 57 | 108 | 243 |
| Down Capture | 95% | 96% | 22% | 71% | 127% | 80% |
| Bmk -ve Days | 11 | 21 | 28 | 59 | 114 | 326 |
| Stock -ve Days | 13 | 25 | 33 | 67 | 141 | 248 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MNTN | |
|---|---|---|---|---|
| MNTN | -42.8% | 74.3% | -0.45 | - |
| Sector ETF (XLK) | 41.9% | 26.0% | 1.31 | 11.3% |
| Equity (SPY) | 21.1% | 12.9% | 1.22 | 17.4% |
| Gold (GLD) | 37.5% | 28.8% | 1.10 | 1.2% |
| Commodities (DBC) | 43.2% | 20.2% | 1.66 | -2.9% |
| Real Estate (VNQ) | 12.9% | 13.8% | 0.64 | 3.2% |
| Bitcoin (BTCUSD) | -31.6% | 44.1% | -0.73 | 14.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MNTN | |
|---|---|---|---|---|
| MNTN | -11.1% | 52.3% | -0.21 | - |
| Sector ETF (XLK) | 19.7% | 25.9% | 0.68 | 7.5% |
| Equity (SPY) | 12.9% | 17.2% | 0.57 | 8.5% |
| Gold (GLD) | 20.6% | 18.6% | 0.90 | 0.1% |
| Commodities (DBC) | 10.4% | 19.6% | 0.41 | -2.8% |
| Real Estate (VNQ) | 2.3% | 18.9% | 0.02 | 0.4% |
| Bitcoin (BTCUSD) | 10.4% | 52.8% | 0.38 | 7.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MNTN | |
|---|---|---|---|---|
| MNTN | -5.7% | 52.3% | -0.21 | - |
| Sector ETF (XLK) | 24.1% | 24.9% | 0.88 | 7.5% |
| Equity (SPY) | 15.2% | 17.9% | 0.72 | 8.5% |
| Gold (GLD) | 12.7% | 16.2% | 0.64 | 0.1% |
| Commodities (DBC) | 8.0% | 18.0% | 0.36 | -2.8% |
| Real Estate (VNQ) | 5.0% | 20.7% | 0.20 | 0.4% |
| Bitcoin (BTCUSD) | 63.1% | 66.1% | 1.03 | 7.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 8/13/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/4/2026 | 3.8% | 13.5% | |
| 5/5/2026 | -22.8% | -28.3% | -14.7% |
| 2/10/2026 | 37.1% | 28.4% | 20.7% |
| 11/4/2025 | -8.1% | -5.3% | -12.1% |
| 8/5/2025 | -17.9% | -27.0% | -34.8% |
| SUMMARY STATS | |||
| # Positive | 2 | 2 | 1 |
| # Negative | 3 | 3 | 3 |
| Median Positive | 20.5% | 21.0% | 20.7% |
| Median Negative | -17.9% | -27.0% | -14.7% |
| Max Positive | 37.1% | 28.4% | 20.7% |
| Max Negative | -22.8% | -28.3% | -34.8% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/4/2026 | 3.8% | 13.5% | |
| 5/5/2026 | -22.8% | -28.3% | -14.7% |
| 2/10/2026 | 37.1% | 28.4% | 20.7% |
| 11/4/2025 | -8.1% | -5.3% | -12.1% |
| 8/5/2025 | -17.9% | -27.0% | -34.8% |
| SUMMARY STATS | |||
| # Positive | 2 | 2 | 1 |
| # Negative | 3 | 3 | 3 |
| Median Positive | 20.5% | 21.0% | 20.7% |
| Median Negative | -17.9% | -27.0% | -14.7% |
| Max Positive | 37.1% | 28.4% | 20.7% |
| Max Negative | -22.8% | -28.3% | -34.8% |
Recent Forward Guidance
Updated 8/5/2026Latest: Q2 2026 Earnings Reported 8/4/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q3 2026 Revenue | 86.00 Mil | 87.50 Mil | 89.00 Mil | 6.7% | Higher New | Guidance: 82.00 Mil for Q2 2026 | |
| Q3 2026 Adjusted EBITDA | 22.00 Mil | 23.50 Mil | 25.00 Mil | 14.6% | Higher New | Guidance: 20.50 Mil for Q2 2026 | |
| 2026 Revenue | 347.00 Mil | 352.00 Mil | 357.00 Mil | 0 | Affirmed | Guidance: 352.00 Mil for 2026 | |
| 2026 Adjusted EBITDA | 96.00 Mil | 98.50 Mil | 101.00 Mil | 0 | Affirmed | Guidance: 98.50 Mil for 2026 | |
Prior: Q1 2026 Earnings Reported 5/5/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2026 Revenue | 81.00 Mil | 82.00 Mil | 83.00 Mil | 13.4% | Higher New | Guidance: 72.30 Mil for Q1 2026 | |
| Q2 2026 Adjusted EBITDA | 19.00 Mil | 20.50 Mil | 22.00 Mil | 51.9% | Higher New | Guidance: 13.50 Mil for Q1 2026 | |
| 2026 Revenue | 347.00 Mil | 352.00 Mil | 357.00 Mil | 0.6% | Raised | Guidance: 350.00 Mil for 2026 | |
| 2026 Adjusted EBITDA | 96.00 Mil | 98.50 Mil | 101.00 Mil | 1.4% | Raised | Guidance: 97.10 Mil for 2026 | |
Q4 2025 Earnings Reported 2/10/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2026 Revenue | 71.30 Mil | 72.30 Mil | 73.30 Mil | -15.9% | Lower New | Guidance: 86.00 Mil for Q4 2025 | |
| Q1 2026 Adjusted EBITDA | 13.00 Mil | 13.50 Mil | 14.00 Mil | -47.1% | Lower New | Guidance: 25.50 Mil for Q4 2025 | |
| 2026 Revenue | 345.00 Mil | 350.00 Mil | 355.00 Mil | ||||
| 2026 Adjusted EBITDA | 94.60 Mil | 97.10 Mil | 99.60 Mil | ||||
Q3 2025 Earnings Reported 11/4/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2025 Revenue | 85.50 Mil | 86.00 Mil | 86.50 Mil | 22.9% | Higher New | Guidance: 70.00 Mil for Q3 2025 | |
| Q4 2025 Adjusted EBITDA | 25.00 Mil | 25.50 Mil | 26.00 Mil | 82.1% | Higher New | Guidance: 14.00 Mil for Q3 2025 | |
Insider Activity
Updated 8/20/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Baroda, Ventures Llc | See footnote | Sell | 8202026 | 12.75 | 275,115 | 3,507,716 | 81,288,173 | Form | |
| 2 | Baroda, Ventures Llc | See footnote | Sell | 8172026 | 12.56 | 33,617 | 422,230 | 83,532,264 | Form | |
| 3 | Baroda, Ventures Llc | See footnote | Sell | 8172026 | 12.53 | 26,823 | 336,092 | 83,753,966 | Form | |
| 4 | Partovi, Hadi | Hadi Partovi Investments LLC | Sell | 12032025 | 13.39 | 86,665 | Form | |||
| 5 | Partovi, Hadi | Hadi Partovi Investments LLC | Sell | 12032025 | 13.39 | 168,257 | 2,252,961 | 1,160,444 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Baroda, Ventures Llc | See footnote | Sell | 8202026 | 12.75 | 275,115 | 3,507,716 | 81,288,173 | Form | |
| 2 | Baroda, Ventures Llc | See footnote | Sell | 8172026 | 12.56 | 33,617 | 422,230 | 83,532,264 | Form | |
| 3 | Baroda, Ventures Llc | See footnote | Sell | 8172026 | 12.53 | 26,823 | 336,092 | 83,753,966 | Form | |
| 4 | Partovi, Hadi | Hadi Partovi Investments LLC | Sell | 12032025 | 13.39 | 86,665 | Form | |||
| 5 | Partovi, Hadi | Hadi Partovi Investments LLC | Sell | 12032025 | 13.39 | 168,257 | 2,252,961 | 1,160,444 | Form | |
| 6 | Partovi, Hadi | Hadi Partovi Investments LLC | Sell | 12032025 | 13.46 | 192,598 | 2,592,369 | 3,431,250 | Form |
Industry Resources
| Information Technology Resources |
| TechCrunch |
| Wired |
| CIO |
| MIT Technology Review |
| Gartner Insights |
| Ars Technica |
| Application Software Resources |
| Capterra |
| Software Advice |
| InfoWorld |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.




