MLAC

MKT CAP:$328M

Mountain Lake Acquisition Corp.

Market Cap

$328M

Financial Services·Shell Companies·🇰🇾 Cayman Islands·NASDAQ

Financials·Shell Companies·🇰🇾·NASDAQ

Stock Price

$10.57+$0.16 (+1.54%)

Apr 22, 2026

Company Details

Mountain Lake Acquisition Corp. operates as a blank check company. The Company aims to acquire one and more businesses and assets, via a merger, capital stock exchange, asset acquisition, stock purchase, and reorganization.

CEO

Paul J Grinberg

IPO Date

Dec 13, 2024

Website

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Key Metrics TTM

Revenue

$0

— YoY

Net Income

$7M

EPS (Diluted)

$0.21

Free Cash Flow

-$474.9K

Revenue / Share

$0.00

Gross Margin

—

Operating Margin

—

Net Margin

—

FCF Margin

—

P/S

—

P/E

49.9x

Earnings Reports

FY 2025

Feb 20, 2026

$0EPS $0.27

Q4 2025

Feb 20, 2026

$0EPS $0.06

Q3 2025

Nov 10, 2025

$0EPS $0.07

Q1 2025

May 13, 2025

$0EPS $0.07

FY 2024

Mar 19, 2025

$0EPS $0.01

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 20	$0	$0	-$7.3K
Q2 20	$0	$0	-$792
Q3 20	$0	$0	-$85.7K
Q4 20	$0	$0	-$217.0K
Q1 21	$0	$0	-$291.0K
Q2 21	$0	$0	-$330.0K
Q3 21	$0	$0	-$491.0K
Q4 21	$0	$0	-$329.0K
Q2 22	$0	-$233.0K	-$233.0K
Q3 22	$0	-$528.0K	-$528.0K
Q2 24	$0	$0	$0
Q3 24	$0	$0	-$44.8K
Q4 24	$0	$0	-$6.0K
Q1 25	$0	$0	-$321.0K
Q3 25	$0	$0	-$394.2K
Q4 25	$0	$0	-$394.2K

Valuation

Quarter	P/S	P/E
Q1 20	—	—
Q2 20	—	—
Q3 20	—	—
Q4 20	—	—
Q1 21	—	102.6x
Q2 21	—	6604.3x
Q3 21	—	52.3x
Q4 21	—	54.2x
Q2 22	—	90.8x
Q3 22	—	51.2x
Q2 24	—	1473.0x
Q3 24	—	568.3x
Q4 24	—	4606.2x
Q1 25	—	134.2x
Q3 25	—	71.3x
Q4 25	—	49.9x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 20	$0	$0
Q2 20	$0	$0
Q3 20	-$217.6K	-$217.6K
Q4 20	-$86.2K	-$86.2K
Q1 21	-$109.3K	-$109.3K
Q2 21	-$399.7K	-$399.7K
Q3 21	-$485.4K	-$485.4K
Q4 21	-$223.7K	-$223.7K
Q2 22	$18.9K	$18.9K
Q3 22	-$517.2K	-$517.2K
Q2 24	$0	$0
Q3 24	$0	$0
Q4 24	-$159.8K	-$159.8K
Q3 25	-$315.1K	-$315.1K

Capital Expenditures

Quarter	CapEx
Q1 20	$0
Q2 20	$0
Q3 20	$0
Q4 20	$0
Q1 21	$0
Q2 21	$0
Q3 21	$0
Q4 21	$0
Q2 22	$0
Q3 22	$0
Q2 24	$0
Q3 24	$0
Q4 24	$3
Q3 25	$3

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 21	—	+3875.4%
Q2 21	—	+41566.7%
Q3 21	—	+472.7%
Q4 21	—	+51.6%
Q2 22	—	-19.9%
Q3 22	—	+60.0%
Q2 24	—	-100.0%
Q3 24	—	-86.4%
Q4 24	—	-97.4%
Q1 25	—	-39.2%
Q3 25	—	—
Q4 25	—	+780.8%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 20	$0	—
Q2 20	$0	—
Q3 20	$0	—
Q4 20	$0	—
Q1 21	$0	—
Q2 21	$0	—
Q3 21	$0	—
Q4 21	$0	—
Q2 22	$0	—
Q3 22	$0	—
Q2 24	$0	—
Q3 24	$0	—
Q4 24	$0	—
Q3 25	$0	—

OpEx Breakdown

Quarter	G&A	SG&A
Q1 20	$7.3K	—
Q2 20	$792	—
Q3 20	$85.7K	—
Q4 20	$217.3K	—
Q2 24	$19.0K	—
Q3 24	$44.8K	—
Q4 24	—	$6.0K
Q1 25	—	$320.8K
Q3 25	$394.2K	—
Q4 25	—	$394.2K

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 21	$621.5K	$0	$621.5K
Q2 21	$221.8K	$0	$221.8K
Q3 21	$36.4K	$0	$36.4K
Q4 21	$112.7K	$0	$112.7K
Q1 22	$34.4K	$0	$34.4K
Q2 22	$129.8K	$0	$129.8K
Q3 22	$202.6K	$0	$202.6K
Q4 22	$34.3K	$0	$34.3K
Q1 23	$107.8K	$0	$107.8K
Q2 24	$0	$0	$0
Q3 24	$0	$0	$0
Q4 24	$1M	$0	$1M
Q1 25	$1M	$0	$1M
Q2 25	$1M	$236M	$238M
Q3 25	$845.8K	$0	$845.8K
Q4 25	$452.7K	$0	$452.7K

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 20	18M	—	—
Q2 20	18M	0.0%	—
Q3 20	18M	0.0%	—
Q4 20	18M	+0.0%	—
Q1 21	18M	0.0%	+0.0%
Q2 21	18M	0.0%	+0.0%
Q3 21	18M	0.0%	+0.0%
Q4 21	18M	0.0%	0.0%
Q2 22	19M	+3.7%	+3.7%
Q3 22	19M	0.0%	+3.7%
Q2 24	19M	+3.5%	+7.4%
Q3 24	19M	0.0%	+7.4%
Q4 24	31M	+60.7%	+66.4%
Q1 25	31M	+0.0%	+66.4%
Q3 25	24M	-23.2%	+23.4%
Q4 25	31M	+30.2%	+60.7%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 20	—	—
Q2 20	—	—
Q3 20	—	—
Q4 20	—	—
Q1 21	—	—
Q2 21	—	—
Q3 21	—	—
Q4 21	—	—
Q2 22	—	—
Q3 22	—	—
Q2 24	—	—
Q3 24	—	—
Q4 24	$0	2
Q1 25	$0	2
Q3 25	$0	2
Q4 25	$0	2

Revenue / Employee