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Side-by-side financial comparison of MNTN, Inc. (MNTN) and STEM, INC. (STEM). Click either name above to swap in a different company.

MNTN, Inc. is the larger business by last-quarter revenue ($70.0M vs $47.1M, roughly 1.5× STEM, INC.). MNTN, Inc. runs the higher net margin — 9.2% vs -33.9%, a 43.1% gap on every dollar of revenue.

MNTN Inc. is a U.S.-headquartered advertising technology firm specializing in performance-driven connected TV (CTV) advertising solutions. It serves e-commerce, retail, and consumer goods brands, helping clients accurately measure ad campaign ROI and reach targeted audiences across streaming TV platforms in North American and European markets.

StemCells, Inc. is a public biopharmaceutical company headquartered in Newark, California, that is developing purified human neural stem cells (HuCNS-SCs) in the hopes of treating central nervous system disorders and paralysis. StemCells' HuCNS-SCs have the ability to differentiate into the three main types of cells found in the central nervous system: neurons, astrocytes and oligodendrocytes.

MNTN vs STEM — Head-to-Head

Bigger by revenue
MNTN
MNTN
1.5× larger
MNTN
$70.0M
$47.1M
STEM
Higher net margin
MNTN
MNTN
43.1% more per $
MNTN
9.2%
-33.9%
STEM

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
MNTN
MNTN
STEM
STEM
Revenue
$70.0M
$47.1M
Net Profit
$6.4M
$-16.0M
Gross Margin
78.9%
48.9%
Operating Margin
10.8%
-17.7%
Net Margin
9.2%
-33.9%
Revenue YoY
-15.6%
Net Profit YoY
68.8%
EPS (diluted)
$0.08
$-4.40

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
MNTN
MNTN
STEM
STEM
Q4 25
$47.1M
Q3 25
$70.0M
$38.2M
Q2 25
$68.5M
$38.4M
Q1 25
$32.5M
Q4 24
$55.8M
Q3 24
$29.3M
Q2 24
$34.0M
Q1 24
$25.5M
Net Profit
MNTN
MNTN
STEM
STEM
Q4 25
$-16.0M
Q3 25
$6.4M
$-23.8M
Q2 25
$-26.2M
$202.5M
Q1 25
$-25.0M
Q4 24
$-51.1M
Q3 24
$-148.3M
Q2 24
$-582.3M
Q1 24
$-72.3M
Gross Margin
MNTN
MNTN
STEM
STEM
Q4 25
48.9%
Q3 25
78.9%
35.5%
Q2 25
76.8%
33.4%
Q1 25
32.4%
Q4 24
-4.4%
Q3 24
21.2%
Q2 24
27.6%
Q1 24
-95.0%
Operating Margin
MNTN
MNTN
STEM
STEM
Q4 25
-17.7%
Q3 25
10.8%
-33.6%
Q2 25
5.4%
-34.8%
Q1 25
-65.0%
Q4 24
-84.4%
Q3 24
-493.2%
Q2 24
-1705.5%
Q1 24
-267.0%
Net Margin
MNTN
MNTN
STEM
STEM
Q4 25
-33.9%
Q3 25
9.2%
-62.2%
Q2 25
-38.3%
527.8%
Q1 25
-76.9%
Q4 24
-91.6%
Q3 24
-506.3%
Q2 24
-1712.6%
Q1 24
-283.9%
EPS (diluted)
MNTN
MNTN
STEM
STEM
Q4 25
$-4.40
Q3 25
$0.08
$-2.84
Q2 25
$-0.65
$-1.79
Q1 25
$-0.15
Q4 24
$-15.29
Q3 24
$-18.24
Q2 24
$-71.81
Q1 24
$-0.46

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MNTN
MNTN
STEM
STEM
Cash + ST InvestmentsLiquidity on hand
$179.2M
$48.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$266.7M
$-249.4M
Total Assets
$335.9M
$308.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MNTN
MNTN
STEM
STEM
Q4 25
$48.9M
Q3 25
$179.2M
$43.1M
Q2 25
$175.2M
$40.8M
Q1 25
$58.6M
Q4 24
$56.3M
Q3 24
$75.4M
Q2 24
$89.6M
Q1 24
$112.8M
Stockholders' Equity
MNTN
MNTN
STEM
STEM
Q4 25
$-249.4M
Q3 25
$266.7M
$-235.7M
Q2 25
$238.9M
$-214.1M
Q1 25
$-417.5M
Q4 24
$-398.4M
Q3 24
$-344.1M
Q2 24
$-203.2M
Q1 24
$371.6M
Total Assets
MNTN
MNTN
STEM
STEM
Q4 25
$308.9M
Q3 25
$335.9M
$362.6M
Q2 25
$337.0M
$379.2M
Q1 25
$405.1M
Q4 24
$437.4M
Q3 24
$537.8M
Q2 24
$691.5M
Q1 24
$1.3B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MNTN
MNTN
STEM
STEM
Operating Cash FlowLast quarter
$9.3M
$8.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.45×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MNTN
MNTN
STEM
STEM
Q4 25
$8.2M
Q3 25
$9.3M
$11.4M
Q2 25
$17.6M
$-21.3M
Q1 25
$8.5M
Q4 24
$-14.7M
Q3 24
$-9.4M
Q2 24
$-11.9M
Q1 24
$-621.0K
Cash Conversion
MNTN
MNTN
STEM
STEM
Q4 25
Q3 25
1.45×
Q2 25
-0.11×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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