| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net loss | -40,903 | -47,339 |
| Stock-based compensation | 27,242 | 21,684 |
| Change in value of embedded derivative | -16,574 | -16,574 |
| Change in value of warrant liabilities | -3,986 | -7,171 |
| Change in value of contingent liabilities | 2,919 | 4,966 |
| Change in value of convertible debt, excluding interest | 4,395 | 4,395 |
| Depreciation and amortization | 7,282 | 4,802 |
| Loss on extinguishment of convertible debt | -26,436 | -26,436 |
| Accretion of warrant discount on convertible debt | 949 | 949 |
| Interest accrued on convertible debt and short-term note payable | 1,092 | 1,092 |
| Provision for bad debts | 1,226 | 671 |
| Release of indemnification related to quickframe holdback | 579 | 579 |
| Interest income from notes receivable | 146 | 144 |
| Accounts receivable | -6,756 | -3,320 |
| Prepaid expenses and other assets | 4,266 | 5,955 |
| Accounts payable and accrued expenses | -9,242 | 2,555 |
| Accrued payroll and related liabilities | -448 | -218 |
| Other current liabilities | -8,381 | -8,451 |
| Net cash provided by operating activities | 26,920 | 17,587 |
| Issuance of short term notes receivable | 9,611 | 9,611 |
| Capitalized internal use software costs | 9,202 | 6,185 |
| Net cash used in investing activities | -18,813 | -15,796 |
| Proceeds from issuance of class a common stock in initial public offering, net of underwriting discounts and commissions | 125,328 | 125,328 |
| Payments of initial public offering costs | 5,389 | 2,137 |
| Payments on revolving credit facility | 0 | 0 |
| Proceeds from revolving credit facility | 0 | 0 |
| Payments on settlement of convertible debt | 24,000 | 24,000 |
| Proceeds from exercises of stock options | 2,589 | 1,639 |
| Payments to repurchase and retire common stock | 10,025 | 10,025 |
| Net cash provided by (used in) financing activities | 88,503 | 90,805 |
| Net increase in cash and cash equivalents | 96,610 | 92,596 |
| Cash and cash equivalents at beginning of period | 82,562 | - |
| Cash and cash equivalents at end of period | 179,172 | - |
MNTN, Inc. (MNTN)
MNTN, Inc. (MNTN)