secwatch.observer — SEC 8-K summary
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Issuer:     MNTN, Inc. (MNTN)
CIK:        0001891027
Form:       8-K
Filed at:   2026-11-04T21:06:36+00:00
Accession:  0001891027-26-000100
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

MNTN Q3 revenue $80.3M (+15%) but Q4 guided down to $75-78M; CEO Mark Douglas replaced by Tony Weisman
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- Q3 2026 revenue $80.3M, up 15% YoY but decelerating from 21% in Q2 and 25% in Q1; gross margin 79%; net income $7.7M vs $6.4M in Q3 2025.
- Adjusted EBITDA $19.9M (25% of revenue) vs $16.0M (23%) a year ago; $252.3M cash and no borrowings at Sept 30, 2026; active PTV customers 4,373, up ~32% YoY.
- Q4 2026 outlook cut to $75-78M revenue and just $8-10M Adjusted EBITDA; FY26 revenue $311-314M (+10% ex-Maximum Effort, +8% GAAP), Adjusted EBITDA $66-68M.
- CFO Patrick Pohlen attributed the quarter to "unforeseen execution problems in our go-to-market organization" and said guidance reflects realigning the sales organization.
- CEO Mark Douglas succeeded by director Tony Weisman effective Nov 2, 2026; COO Christopher Innes also out. Douglas exits Dec 3 and Innes Dec 1 after 30 days paid leave.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1891027/000189102726000100/0001891027-26-000100-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1891027/000189102726000100/mntn-20261101.htm
  HTML page:      https://secwatch.observer/filing/0001891027-26-000100

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