NASDAQ : APPS
Digital Turbine, Inc. — Financial statements
Technology · Software - Application · United States
Last price 8.87 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.07B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Digital Turbine, Inc. (APPS) reported revenue of 600.31M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 600.31M | 565.25M | 490.51M | 544.48M | 665.92M | 747.60M |
| Cost of Revenue | 305.68M | 290.61M | 269.83M | 297.02M | 345.69M | 400.49M |
| Gross Profit | 294.63M | 274.64M | 220.68M | 247.46M | 320.23M | 347.11M |
| Selling, General & Admin | 191.43M | 199.60M | 230.01M | 231.10M | 217.58M | 202.15M |
| Research & Development | 40.81M | 40.37M | 38.77M | 54.16M | 56.49M | 52.72M |
| Operating Expenses | 232.24M | 239.97M | 268.77M | 285.25M | 274.06M | 254.87M |
| Operating Income | 62.39M | 34.67M | -48.10M | -37.80M | 46.16M | 92.24M |
| Interest Expense | -61.51M | -58.56M | -34.59M | -30.47M | -23.25M | -8.29M |
| Currency Exchange Gain (Loss) | 5.13M | 3.54M | 1.30M | 101.00K | -1.03M | 2.06M |
| Other Non Operating Income (Expenses) | -10.26M | -332.00K | -191.00K | -694.00K | 128.00K | -958.00K |
| EBT Excluding Unusual Items | -4.25M | -20.69M | -81.59M | -68.86M | 22.02M | 85.06M |
| Merger & Restructuring Charges | -626.00K | -626.00K | -5.98M | |||
| Impairment of Goodwill | -336.64M | |||||
| Other Unusual Items | -10.03M | -10.03M | -300.00K | 372.00K | -41.09M | |
| Pretax Income | -24.18M | -31.34M | -87.86M | -405.13M | 22.02M | 43.97M |
| Income Tax Expense | 10.77M | 6.39M | 4.24M | 15.32M | 5.15M | 8.40M |
| Earnings From Continuing Operations | -34.96M | -37.73M | -92.10M | -420.45M | 16.87M | 35.57M |
| Net Income to Company | -34.96M | -37.73M | -92.10M | -420.45M | 16.87M | 35.57M |
| Minority Interest in Earnings | 220.00K | -197.00K | -23.00K | |||
| Net Income | -34.96M | -37.73M | -92.10M | -420.23M | 16.67M | 35.55M |
| Net Income to Common | -34.96M | -37.73M | -92.10M | -420.23M | 16.67M | 35.55M |
| Shares Outstanding (Basic) | 116.43M | 112.92M | 103.75M | 100.97M | 98.78M | 95.20M |
| Shares Outstanding (Diluted) | 116.43M | 112.92M | 103.75M | 100.97M | 101.82M | 102.64M |
| EPS (Basic) | -0.30 | -0.33 | -0.89 | -4.16 | 0.17 | 0.37 |
| EPS (Diluted) | -0.30 | -0.33 | -0.89 | -4.16 | 0.16 | 0.35 |
| Free Cash Flow | 21.19M | 11.19M | -15.60M | 4.40M | 89.52M | 61.46M |
| Free Cash Flow Per Share | 0.18 | 0.10 | -0.15 | 0.04 | 0.88 | 0.60 |
| Gross Margin | 49.08% | 48.59% | 44.99% | 45.45% | 48.09% | 46.43% |
| Operating Margin | 10.39% | 6.13% | -9.81% | -6.94% | 6.93% | 12.34% |
| Profit Margin | -5.82% | -6.68% | -18.78% | -77.18% | 2.50% | 4.75% |
| Free Cash Flow Margin | 3.53% | 1.98% | -3.18% | 0.81% | 13.44% | 8.22% |
| EBITDA | 127.31M | 106.12M | 34.60M | 42.02M | 120.96M | 145.28M |
| EBITDA Margin | 21.21% | 18.77% | 7.05% | 7.72% | 18.16% | 19.43% |
| D&A For EBITDA | 64.92M | 71.45M | 82.70M | 79.81M | 74.80M | 53.04M |
| EBIT | 62.39M | 34.67M | -48.10M | -37.80M | 46.16M | 92.24M |
| EBIT Margin | 10.39% | 6.13% | -9.80% | -6.94% | 6.93% | 12.34% |
| Effective Tax Rate | 23.37% | 19.11% |
Balance sheet
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 42.93M | 37.72M | 39.39M | 33.60M | 75.56M | 126.77M |
| Cash & Short-Term Investments | 42.93M | 37.72M | 39.39M | 33.60M | 75.56M | 126.77M |
| Accounts Receivable | 263.06M | 251.24M | 181.77M | 191.01M | 178.19M | 263.14M |
| Other Receivables | 3.19M | 4.46M | 8.29M | 4.73M | ||
| Receivables | 266.25M | 255.70M | 190.06M | 195.74M | 178.19M | 263.14M |
| Prepaid Expenses | 6.73M | 6.06M | 6.92M | 7.70M | 8.59M | 20.57M |
| Restricted Cash | 276.00K | 241.00K | 691.00K | 394.00K | ||
| Other Current Assets | 17.08M | 12.15M | 5.71M | 5.29M | 3.73M | |
| Total Current Assets | 333.27M | 311.87M | 242.78M | 242.34M | 266.07M | 410.87M |
| Property, Plant & Equipment | 56.32M | 56.85M | 56.89M | 54.91M | 49.40M | 46.52M |
| Long-Term Investments | 17.98M | 27.59M | 27.59M | 28.09M | 8.50M | |
| Goodwill | 222.91M | 223.05M | 221.74M | 220.07M | 561.58M | 559.79M |
| Other Intangible Assets | 208.49M | 217.45M | 257.70M | 313.50M | 379.63M | 440.59M |
| Long-Term Deferred Charges | 2.96M | 3.27M | 4.50M | 5.73M | 736.00K | |
| Other Long-Term Assets | 1.57M | 1.57M | 1.65M | 891.00K | 647.00K | 732.00K |
| Total Assets | 843.49M | 841.65M | 812.85M | 865.54M | 1.27B | 1.46B |
| Accounts Payable | 150.87M | 132.81M | 139.94M | 159.20M | 119.34M | 167.86M |
| Accrued Expenses | 20.71M | 31.72M | 18.36M | 18.00M | 13.93M | 123.94M |
| Short-Term Debt | 12.50M | |||||
| Current Portion of Long-Term Debt | 9.38M | 7.03M | ||||
| Current Portion of Leases | 3.23M | 3.15M | 3.39M | 3.04M | 7.19M | |
| Current Income Taxes Payable | 15.02M | 14.37M | 11.24M | |||
| Other Current Liabilities | 92.42M | 93.59M | 45.81M | 41.42M | 69.22M | 80.96M |
| Total Current Liabilities | 276.59M | 268.30M | 222.53M | 236.02M | 220.92M | 385.26M |
| Long-Term Debt | 343.49M | 353.93M | 408.69M | 383.49M | 410.52M | 520.78M |
| Long-Term Leases | 4.78M | 6.11M | 5.75M | 6.17M | ||
| Long-Term Deferred Tax Liabilities | 14.53M | 15.82M | 16.31M | 20.42M | 13.94M | 19.98M |
| Other Long-Term Liabilities | 18.29M | 6.67M | 5.26M | 5.92M | 7.75M | 16.27M |
| Total Liabilities | 652.90M | 649.49M | 658.90M | 651.61M | 659.30M | 942.29M |
| Common Stock | 10.00K | 10.00K | 10.00K | 10.00K | 10.00K | 10.00K |
| Additional Paid-In Capital | 971.82M | 969.06M | 892.66M | 858.19M | 822.22M | 745.66M |
| Retained Earnings | -728.33M | -725.17M | -687.44M | -595.34M | -175.12M | -191.79M |
| Treasury Stock | -71.00K | -71.00K | -71.00K | -71.00K | -71.00K | -71.00K |
| Comprehensive Income & Other | -52.94M | -51.77M | -51.30M | -48.95M | -41.95M | -39.34M |
| Total Common Equity | 190.49M | 192.06M | 153.86M | 213.83M | 605.10M | 514.47M |
| Minority Interest | 2.06M | 1.64M | ||||
| Shareholders' Equity | 190.59M | 192.16M | 153.96M | 213.93M | 607.25M | 516.22M |
| Total Liabilities & Equity | 843.49M | 841.65M | 812.85M | 865.54M | 1.27B | 1.46B |
| Total Debt | 356.09M | 368.89M | 418.19M | 392.27M | 423.88M | 533.28M |
| Net Cash (Debt) | -313.16M | -331.17M | -378.80M | -358.67M | -348.33M | -406.52M |
| Net Cash Per Share | -2.69 | -2.93 | -3.65 | -3.55 | -3.42 | -3.96 |
| Filing Date Shares Outstanding | 121.02M | 120.66M | 106.98M | 102.51M | 99.99M | 98.39M |
| Total Common Shares Outstanding | 120.94M | 120.32M | 105.98M | 102.12M | 99.46M | 97.16M |
| Working Capital | 56.68M | 43.57M | 20.25M | 6.32M | 45.15M | 25.61M |
| Book Value Per Share | 1.58 | 1.60 | 1.45 | 2.09 | 6.08 | 5.29 |
| Tangible Book Value | -240.90M | -248.44M | -325.58M | -319.75M | -336.11M | -485.91M |
| Tangible Book Value Per Share | -1.99 | -2.06 | -3.07 | -3.13 | -3.38 | -5.00 |
| Machinery | 9.51M | 9.86M | 9.38M | 9.13M | 5.63M | 4.69M |
| Leasehold Improvements | 3.65M | 3.67M | 3.65M | 3.69M | 3.65M | 3.69M |
Cash flow statement
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | -34.96M | -37.73M | -92.10M | -420.23M | 16.67M | 35.55M |
| Depreciation & Amortization | 64.92M | 71.45M | 82.70M | 79.81M | 74.80M | 53.04M |
| Other Amortization | 14.38M | 13.93M | 2.04M | 4.15M | 7.11M | 5.13M |
| Asset Writedown & Restructuring Costs | 336.64M | |||||
| Stock-Based Compensation | 12.54M | 16.36M | 33.54M | 33.76M | 30.40M | 19.30M |
| Provision & Write-off of Bad Debts | -278.00K | 233.00K | 2.77M | 3.20M | 3.33M | 1.10M |
| Other Operating Activities | 15.06M | 7.83M | -1.87M | 9.24M | 4.84M | 41.11M |
| Change in Accounts Receivable | -59.50M | -70.19M | 5.82M | -19.25M | 83.89M | -73.66M |
| Change in Accounts Payable | 37.81M | -7.18M | -19.34M | 40.19M | -48.83M | 31.76M |
| Change in Other Net Operating Assets | -8.37M | 47.10M | -1.68M | -38.84M | -52.79M | -28.59M |
| Operating Cash Flow | 50.88M | 41.80M | 11.88M | 28.68M | 113.38M | 84.74M |
| Capital Expenditures | -29.68M | -30.62M | -27.48M | -24.28M | -23.86M | -23.28M |
| Cash Acquisitions | 65.00K | -2.71M | -148.72M | |||
| Investment in Securities | -19.63M | -8.50M | ||||
| Investing Cash Flow | -24.98M | -30.62M | -27.48M | -43.85M | -35.06M | -172.00M |
| Long-Term Debt Issued | 418.70M | 38.00M | 50.00M | 25.50M | 549.06M | |
| Long-Term Debt Repaid | -466.00M | -13.00M | -77.13M | -149.00M | -52.77M | |
| Net Debt Issued (Repaid) | -51.96M | -47.30M | 25.00M | -27.13M | -123.50M | 496.29M |
| Issuance of Common Stock | 59.60M | 60.88M | 373.00K | 2.87M | 2.02M | 4.30M |
| Repurchase of Common Stock | -1.06M | -937.00K | -465.00K | -1.29M | -6.71M | -8.61M |
| Other Financing Activities | -18.67M | -23.51M | -1.63M | -3.75M | -99.00K | -306.74M |
| Financing Cash Flow | -12.10M | -10.86M | 23.28M | -29.30M | -128.29M | 185.24M |
| Foreign Exchange Rate Adjustments | -4.72M | -2.45M | -1.21M | 2.52M | -1.63M | -1.94M |
| Net Cash Flow | 9.07M | -2.12M | 6.48M | -41.95M | -51.60M | 96.04M |
| Free Cash Flow | 21.19M | 11.19M | -15.60M | 4.40M | 89.52M | 61.46M |
| Free Cash Flow Margin | 3.53% | 1.98% | -3.18% | 0.81% | 13.44% | 8.22% |
| Free Cash Flow Per Share | 0.18 | 0.10 | -0.15 | 0.04 | 0.88 | 0.60 |
| Levered Free Cash Flow | 28.92M | 24.41M | 30.63M | 51.80M | 37.33M | 165.34M |
| Unlevered Free Cash Flow | 52.98M | 47.07M | 50.42M | 70.75M | 51.03M | 169.80M |
| Cash Interest Paid | 50.01M | 47.09M | 35.58M | 30.72M | 20.19M | 5.99M |
| Cash Income Tax Paid | 30.73M | 26.30M | 7.15M | 1.53M | 5.66M | 1.72M |
| Change in Working Capital | -30.07M | -30.27M | -15.20M | -17.90M | -23.77M | -70.49M |
Ratios
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.02B | 345.31M | 285.09M | 267.30M | 1.23B | 4.25B |
| Enterprise Value | 1.34B | 667.90M | 664.82M | 592.47M | 1.58B | 4.51B |
| Last Close Price | 8.46 | 2.88 | 2.71 | 2.62 | 12.36 | 43.81 |
| PE Ratio | 73.54 | 119.50 | ||||
| Forward PE | 11.94 | 6.19 | 8.76 | 6.43 | 11.37 | 22.46 |
| PS Ratio | 1.71 | 0.61 | 0.58 | 0.49 | 1.84 | 5.68 |
| PB Ratio | 5.37 | 1.80 | 1.85 | 1.25 | 2.02 | 8.23 |
| P/FCF Ratio | 48.31 | 30.87 | 60.78 | 13.70 | 69.12 | |
| P/OCF Ratio | 20.12 | 8.26 | 24.00 | 9.32 | 10.81 | 50.13 |
| PEG Ratio | 0.15 | 1.31 | 0.60 | 0.61 | 0.60 | |
| EV/Sales Ratio | 2.23 | 1.18 | 1.35 | 1.09 | 2.38 | 6.03 |
| EV/EBITDA Ratio | 10.50 | 6.29 | 19.21 | 14.10 | 13.08 | 31.02 |
| EV/EBIT Ratio | 21.43 | 19.27 | 34.27 | 48.85 | ||
| EV/FCF Ratio | 63.08 | 59.71 | 134.71 | 17.67 | 73.32 | |
| Debt / Equity Ratio | 1.87 | 1.92 | 2.72 | 1.83 | 0.70 | 1.03 |
| Debt / EBITDA Ratio | 2.72 | 3.35 | 10.42 | 8.35 | 3.32 | 3.67 |
| Debt / FCF Ratio | 16.80 | 32.98 | 89.19 | 4.74 | 8.68 | |
| Net Debt / Equity Ratio | 1.64 | 1.72 | 2.46 | 1.68 | 0.57 | 0.79 |
| Net Debt / EBITDA Ratio | 2.46 | 3.12 | 10.95 | 8.54 | 2.88 | 2.80 |
| Net Debt / FCF Ratio | 14.78 | 29.61 | -24.29 | 81.55 | 3.89 | 6.62 |
| Asset Turnover | 0.72 | 0.68 | 0.58 | 0.51 | 0.49 | 0.87 |
| Quick Ratio | 1.12 | 1.09 | 1.03 | 0.97 | 1.15 | 1.01 |
| Current Ratio | 1.21 | 1.16 | 1.09 | 1.03 | 1.20 | 1.07 |
| Return on Equity (ROE) | -20.39% | -21.80% | -50.07% | -102.40% | 3.00% | 10.76% |
| Return on Assets (ROA) | 4.69% | 2.62% | -3.58% | -2.22% | 2.12% | 6.71% |
| Return on Invested Capital (ROIC) | 12.15% | 6.57% | -8.70% | -4.95% | 3.77% | 14.19% |
| Return on Capital Employed (ROCE) | 11.00% | 6.00% | -8.10% | -6.00% | 4.40% | 8.60% |
| Earnings Yield | -3.55% | -10.93% | -32.30% | -157.22% | 1.36% | 0.84% |
| FCF Yield | 2.07% | 3.24% | -5.47% | 1.65% | 7.30% | 1.45% |
| Buyback Yield / Dilution | -11.10% | -8.85% | -2.74% | 0.83% | 0.80% | -6.75% |