MNTN (MNTN)


Market Price (11/5/2026): $5.76 | Market Cap: $430.9 MilSector: Information Technology | Industry: Application Software

MNTN (MNTN)


Market Price (11/5/2026): $5.76
Market Cap: $430.9 Mil
Sector: Information Technology
Industry: Application Software

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.2%, FCF Yield is 7.8%

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -31%

Attractive cash flow generation
CFO/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 drivers
Megatrends include Social Media & Creator Economy, and Digital Advertising. Themes include Ad-Tech Platforms.

Weak multi-year price returns
2Y Excs Rtn is -91%, 3Y Excs Rtn is -142%

Key risks
MNTN 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.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.2%, FCF Yield is 7.8%
1 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -31%
2 Attractive cash flow generation
CFO/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%
3 Megatrend and thematic drivers
Megatrends include Social Media & Creator Economy, and Digital Advertising. Themes include Ad-Tech Platforms.
4 Weak multi-year price returns
2Y Excs Rtn is -91%, 3Y Excs Rtn is -142%
5 Key risks
MNTN 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.

MNTN in ETFs

Weight = MNTN's share of each fund

VTI0.00%
IWM0.01%
IWO0.03%
VTWO0.01%
SCHA0.01%
SCHB0.00%
DFAS0.00%

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 11/4/2026

MNTN (MNTN) stock has gained about 10% since 7/31/2026 because of the following key factors:

1. Strong Fiscal Q2 2026 Performance and Share Repurchase Program.

MNTN reported robust financial results for its fiscal second quarter ended June 30, 2026, which were released on August 4, 2026. The company saw its revenue increase by 21% year-over-year to $82.5 million and Adjusted EBITDA climb 48% to $21.5 million. This solid performance, despite an EPS miss, demonstrated operational strength. Furthermore, MNTN's board of directors authorized a stock repurchase program of up to $100 million, indicating management's confidence in the company's valuation and commitment to returning value to shareholders. This capital allocation strategy likely provided a positive signal to investors.

2. Sustained Positive Analyst Sentiment and Price Targets.

Throughout the period, MNTN maintained favorable coverage from Wall Street analysts, which bolstered investor confidence. As of August 13, 2026, analysts had a consensus "Buy" rating with an average 12-month price target of $18.1. By October 30, 2026, the consensus remained a "Buy" with an average price target of $19.12. These optimistic forecasts from financial institutions contributed to the positive market perception and upward movement of the stock.

Show more
Updated on 11/4/2026

MNTN (MNTN) stock has gained about 10% since 7/31/2026 because of the following key factors:

1. Strong Fiscal Q2 2026 Performance and Share Repurchase Program.

MNTN reported robust financial results for its fiscal second quarter ended June 30, 2026, which were released on August 4, 2026. The company saw its revenue increase by 21% year-over-year to $82.5 million and Adjusted EBITDA climb 48% to $21.5 million. This solid performance, despite an EPS miss, demonstrated operational strength. Furthermore, MNTN's board of directors authorized a stock repurchase program of up to $100 million, indicating management's confidence in the company's valuation and commitment to returning value to shareholders. This capital allocation strategy likely provided a positive signal to investors.

2. Sustained Positive Analyst Sentiment and Price Targets.

Throughout the period, MNTN maintained favorable coverage from Wall Street analysts, which bolstered investor confidence. As of August 13, 2026, analysts had a consensus "Buy" rating with an average 12-month price target of $18.1. By October 30, 2026, the consensus remained a "Buy" with an average price target of $19.12. These optimistic forecasts from financial institutions contributed to the positive market perception and upward movement of the stock.

3. Strategic Product Enhancements and Key Partnerships.

MNTN introduced several strategic initiatives and product integrations that enhanced its platform's capabilities and market reach. Notable developments included the integration of its Performance TV with Klaviyo CRM on September 9, 2026, expanding attribution with AppsFlyer on September 28, 2026, and bringing Tealium first-party data into MNTN Matched™ on October 14, 2026. The appointment of Mike Katz, a former T-Mobile executive, to the Board of Directors on September 17, 2026, and recognition as a 2026 Inc. Power Partner Award winner on October 20, 2026, further highlighted the company's innovation and strategic growth. These actions underscored MNTN's efforts to strengthen its competitive position in the connected TV advertising market.

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Stock Movement Drivers

Fundamental Drivers

The 12.5% change in MNTN stock from 7/31/2026 to 11/4/2026 was primarily driven by a 129.7% change in the company's Net Income Margin (%).
(LTM values as of)731202611042026Change
Stock Price ($)9.2210.3712.5%
Change Contribution By: 
Total Revenues ($ Mil)2993134.7%
Net Income Margin (%)7.8%18.0%129.7%
P/E Multiple29.113.6-53.2%
Shares Outstanding (Mil)74740.0%
Cumulative Contribution12.5%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2026 to 11/4/2026
ReturnCorrelation
MNTN12.5% 
Market (SPY)2.6%41.7%
Sector (XLK)0.7%13.0%

Fundamental Drivers

The 10.0% change in MNTN stock from 4/30/2026 to 11/4/2026 was primarily driven by a 8.0% change in the company's Total Revenues ($ Mil).
(LTM values as of)430202611042026Change
Stock Price ($)9.4310.3710.0%
Change Contribution By: 
Total Revenues ($ Mil)2903138.0%
P/S Multiple2.42.41.6%
Shares Outstanding (Mil)74740.2%
Cumulative Contribution10.0%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 11/4/2026
ReturnCorrelation
MNTN10.0% 
Market (SPY)7.0%12.3%
Sector (XLK)10.8%-3.5%

Fundamental Drivers

The -37.5% change in MNTN stock from 10/31/2025 to 11/4/2026 was primarily driven by a -54.4% change in the company's P/S Multiple.
(LTM values as of)1031202511042026Change
Stock Price ($)16.5810.37-37.5%
Change Contribution By: 
Total Revenues ($ Mil)19331362.3%
P/S Multiple5.42.4-54.4%
Shares Outstanding (Mil)6274-15.5%
Cumulative Contribution-37.5%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 11/4/2026
ReturnCorrelation
MNTN-37.5% 
Market (SPY)13.4%17.7%
Sector (XLK)17.9%8.7%

Fundamental Drivers

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Market Drivers

10/31/2023 to 11/4/2026
ReturnCorrelation
MNTN  
Market (SPY)89.7%18.1%
Sector (XLK)119.1%10.9%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
MNTN Return-----55%-13%-61%
Peers Return-10%-39%15%105%-16%-33%-27%
S&P 500 Return27%-19%24%23%16%11%102%

Monthly Win Rates [3]
MNTN Win Rate----12%45% 
Peers Win Rate50%25%59%67%47%27% 
S&P 500 Win Rate75%42%67%75%67%36% 

Max Drawdowns [4]
MNTN Max Drawdown------38% 
Peers Max Drawdown-29%-48%-17%-43%-40%-45% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: ADSK, BMR, GWRE, HODO, HUCK.
[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 11/4/2026 (YTD)

How Low Can It Go

MNTN has limited trading history. Below is the Information Technology sector ETF (XLK) in its place.

EventXLKS&P 500
2025 US Tariff Shock
  % Loss-25.7%-18.8%
  % Gain to Breakeven34.5%23.1%
  Time to Breakeven65 days79 days
2024 Yen Carry Trade Unwind
  % Loss-17.0%-7.8%
  % Gain to Breakeven20.4%8.5%
  Time to Breakeven92 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-10.0%-9.5%
  % Gain to Breakeven11.2%10.5%
  Time to Breakeven15 days24 days
2022 Inflation Shock & Fed Tightening
  % Loss-33.1%-24.5%
  % Gain to Breakeven49.5%32.4%
  Time to Breakeven246 days427 days
2020 COVID-19 Crash
  % Loss-31.2%-33.7%
  % Gain to Breakeven45.2%50.9%
  Time to Breakeven78 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-23.8%-19.2%
  % Gain to Breakeven31.2%23.8%
  Time to Breakeven100 days105 days

Compare to ADSK, GWRE, INTU, ORCL, PLTR

In The Past

State Street Technology Select Sector SPDR ETF's stock fell -25.7% during the 2025 US Tariff Shock. Such a loss loss requires a 34.5% 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.

MNTN has limited trading history. Below is the Information Technology sector ETF (XLK) in its place.

EventXLKS&P 500
2025 US Tariff Shock
  % Loss-25.7%-18.8%
  % Gain to Breakeven34.5%23.1%
  Time to Breakeven65 days79 days
2022 Inflation Shock & Fed Tightening
  % Loss-33.1%-24.5%
  % Gain to Breakeven49.5%32.4%
  Time to Breakeven246 days427 days
2020 COVID-19 Crash
  % Loss-31.2%-33.7%
  % Gain to Breakeven45.2%50.9%
  Time to Breakeven78 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-23.8%-19.2%
  % Gain to Breakeven31.2%23.8%
  Time to Breakeven100 days105 days
2008-2009 Global Financial Crisis
  % Loss-51.5%-53.4%
  % Gain to Breakeven106.2%114.4%
  Time to Breakeven797 days1085 days

Compare to ADSK, GWRE, INTU, ORCL, PLTR

In The Past

State Street Technology Select Sector SPDR ETF's stock fell -25.7% during the 2025 US Tariff Shock. Such a loss loss requires a 34.5% 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

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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

The key risks to Everest Consolidator Acquisition Corporation's business, based on its nature as a Special Purpose Acquisition Company (SPAC) and its operational status, are as follows:
  1. 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.
  2. 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.
  3. 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

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AI Analysis | Feedback

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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

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Share of Application Software constituents that MNTN has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
36%
of 152 industry peers · -30.2% return
3Y
—
insufficient peer history
5Y
—
insufficient peer history
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Median price return by industry across the Information Technology sector, ranked by 5Y. Application Software is MNTN's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Electronic Manufacturing Services 10 17.2%109.4%187.6% FLEX 488% · TTMI 419% · JBL 311%
Technology Distributors 9 52.3%67.5%72.9% AVT 148% · SNX 123% · CNXN 99%
Electronic Components 24 16.4%69.6%35.2% CLS 2134% · BELFA 1016% · APH 318%
Communications Equipment 36 8.7%75.7%31.6% LITE 609% · AAOI 586% · ANET 445%
Semiconductor Materials & Equipment 28 42.7%55.4%31.5% AXTI 418% · LRCX 289% · KLAC 284%
Electronic Equipment & Instruments 27 -2.2%28.0%4.3% PI 130% · OSIS 116% · CXT 71%
Semiconductors 55 2.3%45.5%1.3% MU 1027% · NVDA 575% · AVGO 548%
Technology Hardware, Storage & Peripherals 21 7.9%85.9%-14.2% WDC 691% · DELL 652% · STX 574%
Internet Services & Infrastructure 6 3.5%45.5%-20.9% GDDY 58% · VRSN 40% · DOCN -20%
IT Consulting & Other Services 30 -18.2%1.2%-26.5% APLD 303% · IBM 155% · GIB -8%
Application Software ← 126 -9.9%-6.3%-50.0% PLTR 549% · AGYS 157% · FROG 144%
Systems Software 70 -8.4%24.1%-51.9% ZETA 255% · CRWD 245% · CVLT 146%
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

MNTNADSKBMRGWREHODOHUCKMedian
NameMNTN Autodesk Beamr Im.Guidewir.House of.Hucklebe. 
Mkt Price6.16268.971.06169.50-3.106.16
Mkt Cap0.556.5----28.5
Rev LTM3137,790---318318
Op Inc LTM452,175----6045
FCF LTM602,804----2260
FCF 3Y Avg-1,907----18945
CFO LTM732,896----1373
CFO 3Y Avg-1,994----8993

Growth & Margins

MNTNADSKBMRGWREHODOHUCKMedian
NameMNTN Autodesk Beamr Im.Guidewir.House of.Hucklebe. 
Rev Chg LTM20.6%17.9%---0.0%17.9%
Rev Chg 3Y Avg-14.4%---9.5%12.0%
Rev Chg Q20.6%16.1%---0.1%16.1%
QoQ Delta Rev Chg LTM4.7%3.8%---0.0%3.8%
Op Inc Chg LTM617.6%43.6%----5.4%43.6%
Op Inc Chg 3Y Avg-29.5%---1.1%15.3%
Op Mgn LTM14.3%27.9%----18.9%14.3%
Op Mgn 3Y Avg0.1%24.4%----23.6%0.1%
QoQ Delta Op Mgn LTM0.5%0.9%---0.0%0.5%
CFO/Rev LTM23.3%37.2%----3.9%23.3%
CFO/Rev 3Y Avg-28.8%----2.7%13.0%
FCF/Rev LTM19.0%36.0%----7.0%19.0%
FCF/Rev 3Y Avg-27.5%----5.7%10.9%

Valuation

MNTNADSKBMRGWREHODOHUCKMedian
NameMNTN Autodesk Beamr Im.Guidewir.House of.Hucklebe. 
Mkt Cap0.556.5----28.5
P/S1.57.3----4.4
P/Op Inc10.226.0----18.1
P/EBIT10.226.0----18.1
P/E8.134.4----21.2
P/CFO6.219.5----12.9
Total Yield7.4%2.9%----5.1%
Dividend Yield0.0%0.0%----0.0%
FCF Yield 3Y Avg-3.6%----3.6%
D/E0.00.1----0.0
Net D/E-0.5-0.0-----0.3

Returns

MNTNADSKBMRGWREHODOHUCKMedian
NameMNTN Autodesk Beamr Im.Guidewir.House of.Hucklebe. 
1M Rtn-38.9%21.4%-26.4%3.8%--3.0%-3.0%
3M Rtn-40.9%12.1%-17.8%5.7%--8.2%-8.2%
6M Rtn-29.8%10.7%-45.4%29.3%--8.2%-8.2%
12M Rtn-58.5%-10.6%-53.5%-23.9%--8.2%-23.9%
3Y Rtn-76.6%31.9%-10.2%85.3%--8.2%-8.2%
1M Excs Rtn-36.8%19.5%-28.4%6.2%-2.4%2.4%
3M Excs Rtn-42.9%12.8%-17.9%7.7%--6.3%-6.3%
6M Excs Rtn-31.4%7.9%-48.1%26.6%--10.9%-10.9%
12M Excs Rtn-66.4%-21.8%-68.6%-36.0%--18.6%-36.0%
3Y Excs Rtn-125.1%-45.3%-96.2%14.3%--89.7%-89.7%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Single Segment29022617613499
Total29022617613499


Price Behavior

Price Behavior
Market Price$10.37 
Market Cap ($ Bil)0.8 
First Trading Date01/14/2022 
Distance from 52W High-30.2% 
   50 Days200 Days
DMA Price$10.87$9.97
DMA Trenddowndown
Distance from DMA-4.6%4.0%
 3M1YR
Volatility55.5%73.3%
Downside Capture242.37135.04
Upside Capture192.9662.92
Correlation (S&P 500)33.7%18.1%
MNTN Betas & Captures as of 10/31/2026

 1M2M3M6M1Y3Y
Beta1.251.981.980.610.960.30
Up Beta-16.23-3.56-0.24-2.89-0.470.16
Down Beta2.473.124.352.732.650.45
Up Capture89%130%204%64%38%5%
Bmk +ve Days12182862130427
Stock +ve Days8163158113162
Down Capture194%318%179%101%121%90%
Bmk -ve Days10253664121325
Stock -ve Days13263265135196

[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-33.2%73.3%-0.26-
Sector ETF (XLK)17.5%27.3%0.568.8%
Equity (SPY)13.2%12.9%0.6817.9%
Gold (GLD)1.0%28.8%0.038.7%
Commodities (DBC)35.9%21.2%1.34-6.0%
Real Estate (VNQ)14.3%14.1%0.707.8%
Bitcoin (BTCUSD)-28.2%43.4%-0.6510.6%

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-17.0%77.5%-0.51-
Sector ETF (XLK)18.1%26.2%0.6210.9%
Equity (SPY)12.5%17.2%0.5518.1%
Gold (GLD)17.3%19.1%0.734.3%
Commodities (DBC)8.0%19.6%0.29-6.5%
Real Estate (VNQ)1.8%18.9%-0.016.2%
Bitcoin (BTCUSD)5.5%51.5%0.2913.5%

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-8.9%77.5%-0.51-
Sector ETF (XLK)23.4%25.2%0.8510.9%
Equity (SPY)15.4%18.0%0.7318.1%
Gold (GLD)11.9%16.5%0.594.3%
Commodities (DBC)7.4%18.1%0.33-6.5%
Real Estate (VNQ)5.7%20.7%0.236.2%
Bitcoin (BTCUSD)61.0%66.2%1.0113.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date10152026
Short Interest: Shares Quantity3.5 Mil
Short Interest: % Change Since 9302026-10.8%
Average Daily Volume0.6 Mil
Days-to-Cover Short Interest5.7 days
Basic Shares Quantity73.9 Mil
Short % of Basic Shares4.8%

Earnings Returns History

Updated 11/4/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/4/20263.8%13.5%30.6%
5/5/2026-22.8%-28.3%-14.7%
2/10/202637.1%28.4%20.7%
11/4/2025-8.1%-5.3%-12.1%
8/5/2025-17.9%-27.0%-34.8%
SUMMARY STATS   
# Positive222
# Negative333
Median Positive20.5%21.0%25.7%
Median Negative-17.9%-27.0%-14.7%
Max Positive37.1%28.4%30.6%
Max Negative-22.8%-28.3%-34.8%
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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/4/20263.8%13.5%30.6%
5/5/2026-22.8%-28.3%-14.7%
2/10/202637.1%28.4%20.7%
11/4/2025-8.1%-5.3%-12.1%
8/5/2025-17.9%-27.0%-34.8%
SUMMARY STATS   
# Positive222
# Negative333
Median Positive20.5%21.0%25.7%
Median Negative-17.9%-27.0%-14.7%
Max Positive37.1%28.4%30.6%
Max Negative-22.8%-28.3%-34.8%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/10/202610-Q
03/31/202605/11/202610-Q
12/31/202502/19/202610-K
09/30/202511/10/202510-Q
06/30/202508/11/202510-Q
03/31/202505/22/2025424B4
09/30/202411/27/2024DRS/A
12/31/202205/12/2023DRS/A
03/31/202205/18/2022DRS/A
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Report DateFiling DateFiling
06/30/202608/10/202610-Q
03/31/202605/11/202610-Q
12/31/202502/19/202610-K
09/30/202511/10/202510-Q
06/30/202508/11/202510-Q
03/31/202505/22/2025424B4
09/30/202411/27/2024DRS/A
12/31/202205/12/2023DRS/A
03/31/202205/18/2022DRS/A

Recent Forward Guidance

Updated 11/4/2026

Latest: Q3 2026 Earnings Reported 11/4/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q4 2026 RevenueReported75.00 Mil76.50 Mil78.00 Mil-12.6% Lower NewGuidance: 87.50 Mil for Q3 2026
Q4 2026 Adjusted EBITDAReported8.00 Mil9.00 Mil10.00 Mil-61.7% Lower NewGuidance: 23.50 Mil for Q3 2026
2026 RevenueReported311.00 Mil312.50 Mil314.00 Mil-11.2% LoweredGuidance: 352.00 Mil for 2026
2026 Revenue Growth (GAAP)Reported 8.0%    
2026 Revenue Growth excluding Maximum Effort divestitureReported 10.0%    
2026 Adjusted EBITDAReported66.00 Mil67.00 Mil68.00 Mil-32.0% LoweredGuidance: 98.50 Mil for 2026


Prior: Q2 2026 Earnings Reported 8/4/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q3 2026 RevenueReported86.00 Mil87.50 Mil89.00 Mil6.7% Higher NewGuidance: 82.00 Mil for Q2 2026
Q3 2026 Adjusted EBITDAReported22.00 Mil23.50 Mil25.00 Mil14.6% Higher NewGuidance: 20.50 Mil for Q2 2026
2026 RevenueReported347.00 Mil352.00 Mil357.00 Mil0 AffirmedGuidance: 352.00 Mil for 2026
2026 Adjusted EBITDAReported96.00 Mil98.50 Mil101.00 Mil0 AffirmedGuidance: 98.50 Mil for 2026

Q1 2026 Earnings Reported 5/5/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q2 2026 RevenueReported81.00 Mil82.00 Mil83.00 Mil13.4% Higher NewGuidance: 72.30 Mil for Q1 2026
Q2 2026 Adjusted EBITDAReported19.00 Mil20.50 Mil22.00 Mil51.9% Higher NewGuidance: 13.50 Mil for Q1 2026
2026 RevenueReported347.00 Mil352.00 Mil357.00 Mil0.6% RaisedGuidance: 350.00 Mil for 2026
2026 Adjusted EBITDAReported96.00 Mil98.50 Mil101.00 Mil1.4% RaisedGuidance: 97.10 Mil for 2026

Q4 2025 Earnings Reported 2/10/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q1 2026 RevenueReported71.30 Mil72.30 Mil73.30 Mil-15.9% Lower NewGuidance: 86.00 Mil for Q4 2025
Q1 2026 Adjusted EBITDAReported13.00 Mil13.50 Mil14.00 Mil-47.1% Lower NewGuidance: 25.50 Mil for Q4 2025
2026 RevenueReported345.00 Mil350.00 Mil355.00 Mil   
2026 Adjusted EBITDAReported94.60 Mil97.10 Mil99.60 Mil   

Insider Activity

Updated 8/20/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Baroda, Ventures LlcSee footnoteSell820202612.75275,1153,507,71681,288,173Form
2Baroda, Ventures LlcSee footnoteSell817202612.5633,617422,23083,532,264Form
3Baroda, Ventures LlcSee footnoteSell817202612.5326,823336,09283,753,966Form
4Partovi, HadiHadi Partovi Investments LLCSell1203202513.3986,665  Form
5Partovi, HadiHadi Partovi Investments LLCSell1203202513.39168,2572,252,9611,160,444Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Baroda, Ventures LlcSee footnoteSell820202612.75275,1153,507,71681,288,173Form
2Baroda, Ventures LlcSee footnoteSell817202612.5633,617422,23083,532,264Form
3Baroda, Ventures LlcSee footnoteSell817202612.5326,823336,09283,753,966Form
4Partovi, HadiHadi Partovi Investments LLCSell1203202513.3986,665  Form
5Partovi, HadiHadi Partovi Investments LLCSell1203202513.39168,2572,252,9611,160,444Form
6Partovi, HadiHadi Partovi Investments LLCSell1203202513.46192,5982,592,3693,431,250Form
Core Cache Last Updated: 11/4/2026