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Digital Turbine, Inc. (APPS) stock

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NASDAQ: APPS Nasdaq Application Software Next results ~November 9, 2026

C Fundamentals grade

Digital Turbine, Inc. is a US-listed company in the application software industry. Its financial year ends in March.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$8.0

Valuation models combined (3)

Base case. Range ~$3.3–$13. Weighted average of 3 models (growth cash-flow model, forward price-to-earnings vs peers, revenue-to-maturity model), the growth cash-flow model counting double.

Price vs value

No Buy/Hold/Sell rating is issued: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Digital Turbine, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 1 selling0 purchases and 1 sale by directors and officers, last 12 monthsInsider trades
  • Funds123 adding, 102 cuttingOf 39 active managers that changed their stake, 23 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Digital Turbine files

Where Digital Turbine stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $600m, up 19.2% on a year earlier, faster than the 15.2% growth a quarter earlier. Free-cash-flow margin rose to 0.9% from -7.2% a year earlier. Operating margin widened to 10.3% from -8.5%. The diluted share count is up 11.1% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 1 of our 7 financial-health checks. Our revenue-to-maturity cash-flow model value is $12.77 a share, against a share price of $10.59.

Source: 10-Q filed August 5, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 9, 2026 (estimated)

Digital Turbine, Inc.'s trailing-twelve-month revenue grew 19.2% year on year, with a free-cash-flow margin of 0.9%. Where it stands out: stock pay as % of revenue of 2.1% ranks 14 of 177 application software companies we cover. Where it lags: days sales outstanding of 160 days ranks 154 of 162 application software companies we cover.

Current signal Gross margin expanding: TTM gross margin reached 57.3%, up 4.5pp year over year.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 19.2% over the last 12 months, against a median of 12.0% for application software companies we cover.
  • Growth speeding up. The growth rate is 4.0 points higher than a quarter earlier.
  • Margins widening. Operating margin is up 18.8 points on a year ago.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Results due soon. Results are expected around 3 November; the share price can move sharply on the day.
  • Share dilution. Diluted shares rose 11.1% in a year.
  • Volatile shares. Over the past year the shares showed annualised volatility of 100% and a beta of 2.2 against the S&P 500.
  • Below peers: days sales outstanding. Days sales outstanding of 160 days ranks 154 of 162 application software companies we cover (median 57 days).
  • Below peers: long-term debt as % of assets. Long-term debt as % of assets of 40.7% ranks 83 of 98 application software companies we cover (median 16.9%).
  • Estimates being cut. Analysts' consensus for next year's earnings per share has fallen 6.6% over 90 days.

Latest results: FY2027 Q1

Filed August 5, 2026
Earnings per share
$0.19 against an average estimate of $0.14: beat by 35.7%
Revenue
$166m, up 26.8% on a year earlier
Share reaction
+46.3% in the first session after the results on August 4, 2026, against +1.6% for the S&P 500
Guidance given
revenue $650m to $670m (fiscal year 2027); non-GAAP adjusted EBITDA $145m to $155m (fiscal year 2027)
Next report
November 9, 2026; average EPS estimate $0.17

Digital Turbine's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-4.6%
  • 1 week-12.1%
  • 1 month-24.3%
  • This year+69.2%
  • 1 year+35.6%
  • 5 years-88.4%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$600M
Operating margin
10.3%
Net margin
-5.8%
EPS (TTM, diluted)
$-0.30

Growth

Revenue growth
+19.2%
Change in growth rate
+4.0 pts
Share count change
+11.1%

Cash

Free cash flow (TTM)
$5.2M
FCF margin
0.9%
Stock pay % of revenue
2.1%

Earnings

Last results
August 4, 2026
Next results (est.)
November 3, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Leadership
  3. Leadership
  4. Leadership
  5. Results
  6. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Digital Turbine, Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Valuation models

We value Digital Turbine, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 11.5%: the 10-year Treasury yield (4.9%) plus a beta of 1.45 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$3.3 ~$1.6–$4.8 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$13 ~$11–$21 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: the model gives no positive value
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Forward price-to-sales vs peers Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$1.8 ~$12–$33 Left out: far from the other models (more than 3x away from their median)
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. ~$12 ~$9.5–$16 Included
Combined value Weighted average of the models that apply: the primary model (growth cash-flow model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$8.0 ~$3.3–$13 3 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Digital Turbine, Inc. with Application Software in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20162017201820192020202120222023202420252026Now
Share price$1.19$0.94$2.01$3.50$4.31$80.36$43.81$12.36$2.62$2.72$2.88$8.46
Market value$73m$63m$141m$271m$386m$7.7bn$4.5bn$1.3bn$265m$282m$325m$985m
+ Net debt (− = net cash)−$799000$4m−$7m−$11m−$346000−$2m$419m$335m$351m$369m$353m$345m
Enterprise value$73m$66m$134m$260m$386m$7.7bn$4.9bn$1.6bn$615m$651m$679m$1.3bn
Multiples
Price / sales 3.3x1.6x1.9x2.6x2.8x24.6x6.0x1.9x0.5x0.6x0.6x1.6x
Price / earnings ————27.8x140.8x126.5x75.5x————
Price / free cash flow ————————60.2x—29.1x—
EV / EBITDA ———41.9x24.8x116.5x32.8x12.5x—22.6x6.4x12.4x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

20 /100

Weak moat

How hard Digital Turbine's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 8 / 20

    Cash operating profit has been a median 7.5% of total assets over 10 years.

  • Pricing power 9 / 20

    Gross margin has been a median 48.0%, moving by 9.2 percentage points (standard deviation) across 10 years.

  • Durability 0 / 20

    Operating margin has been a median 4.8%; its worst year was -74.8%.

  • Cash conversion 9 / 20

    Free cash flow was positive in 7 of 10 years, at a median 3.5% of revenue.

  • Discipline 9 / 20

    The diluted share count rose 19.6% over five years; stock-based pay has been a median 3.0% of revenue.

AI disruption exposure: High. In this industry, the core product is information work that AI systems increasingly perform. The score above includes a 15-point deduction for that exposure (35 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 9, 2026, after the close. Analysts expect revenue of $167m and EPS of $0.17 (range $0.16 to $0.19) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $0.69 +24% $665m +18%
Next $0.92 +32% $744m +12%

Next year's EPS estimate has moved −6.6% in 90 days, across 4 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −5.2% on 90 days ago. In the last 30 days, 1 analyst raised Digital Turbine, Inc.'s forecast and 0 cut it.

Consensus EPS forecast Digital Turbine, Inc., last 90 days
$0.60 $0.70 $0.80 $0.90 $1.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $0.73 Current fiscal year, 60 days ago: $0.72 Current fiscal year, 30 days ago: $0.72 Current fiscal year, 7 days ago: $0.71 Current fiscal year, Now: $0.69 $0.69 Next fiscal year, 90 days ago: $0.98 Next fiscal year, 60 days ago: $0.95 Next fiscal year, 30 days ago: $0.95 Next fiscal year, 7 days ago: $0.94 Next fiscal year, Now: $0.92 $0.92

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $0.73$0.98
60 days ago $0.72$0.95
30 days ago $0.72$0.95
7 days ago $0.71$0.94
Now $0.69$0.92

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.14 $0.19 +35.7%
Mar 2026 $0.09 $0.16 +88.2%
Dec 2025 $0.12 $0.18 +56.5%
Sept 2025 $0.05 $0.15 +200.0%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 4, 2026
  • Revenue fiscal year 2027 $650m to $670m Raised
    “Revenue of between $650 million and $670 million” source
  • Non-GAAP adjusted EBITDA fiscal year 2027 $145m to $155m Non-GAAP Raised
    “Non-GAAP adjusted EBITDA 2 of between $145 million and $155 million” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

5 analysts, Oct 2026
Buy5100%
Hold00%
Sell00%

Monthly trend

  1. Oct 2026145
  2. Sep 2026123
  3. Aug 202633
  4. Jul 202644

Counts of recommendations published by analysts covering Digital Turbine, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
9.9%
of tradable shares
Days to cover
4.01
at average volume
Short interest, 1 month
+14%
to October 15, 2026
Held by institutions
69%
of shares
Held by insiders
5.3%
of shares
Employees
620
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +35.6%

$6.24 on October 31, 2025 to $8.46

ThenNowEffect
Revenue (last 12 months) $503m $600m +19.2%
P/S multiple 1.3x 1.6x +26.3%
Share count 105m 116m −10.0%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

Last 3 years +60.8%

$5.26 on November 3, 2023 to $8.46

ThenNowEffect
Revenue (last 12 months) $624m $600m −3.7%
P/S multiple 0.9x 1.6x +92.4%
Share count 101m 116m −13.2%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
APPS+8%−75%−55%−75%+196%+69%
Industry peers (median)−8%−50%+19%+2%−21%−14%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
APPS50%33%42%33%58%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
APPS−49%−83%−76%−83%−66%−49%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 99% from March 1, 2021 to November 19, 2024. Getting back needed a 7730% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$2.82 – $14.39
From 52-week high
−41.2%
vs 50-day average
−20.8%
vs 200-day average
+12.1%
Volatility (1 year)
100%
Beta vs S&P 500
2.18

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±37.5%
After a week
6 up, 6 down
typical move ±44.2%
After a month
6 up, 6 down
typical move ±35.6%
Results releasedNext dayS&P 500 next day5 days21 days
August 4, 2026 +46.3% +1.6% +44.9% +8.7%
May 26, 2026 +46.8% +0.6% +87.9% +123.3%
February 3, 2026 −6.9% −1.3% −7.3% −15.7%
November 4, 2025 +15.5% −0.8% −4.3% −19.5%
August 5, 2025 −18.3% +0.3% −24.8% −25.5%
June 16, 2025 +61.1% +0.1% +17.7% +11.1%
February 5, 2025 +101.2% +0.8% +147.6% +18.5%
November 6, 2024 −44.9% +3.3% −54.2% −53.8%
August 7, 2024 +61.8% +1.6% +82.0% +59.6%
May 28, 2024 −13.1% −0.6% −24.8% −30.4%
February 7, 2024 −27.8% +0.9% −32.2% −41.3%
November 8, 2023 −5.8% −0.7% +2.7% +20.1%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Digital Turbine, Inc. in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Digital Turbine, Inc.
$450M $500M $550M $600M $650M FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Revenue (TTM), FY24 Q2: $592.1M Revenue (TTM), FY24 Q3: $572.4M Revenue (TTM), FY24 Q4: $544.5M Revenue (TTM), FY25 Q1: $516.1M Revenue (TTM), FY25 Q2: $491.6M Revenue (TTM), FY25 Q3: $483.6M Revenue (TTM), FY25 Q4: $490.5M Revenue (TTM), FY26 Q1: $503.4M Revenue (TTM), FY26 Q2: $525.1M Revenue (TTM), FY26 Q3: $541.9M Revenue (TTM), FY26 Q4: $565.3M Revenue (TTM), FY27 Q1: $600.3M $600.3M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY24 Q2 $592.1M
FY24 Q3 $572.4M
FY24 Q4 $544.5M
FY25 Q1 $516.1M
FY25 Q2 $491.6M
FY25 Q3 $483.6M
FY25 Q4 $490.5M
FY26 Q1 $503.4M
FY26 Q2 $525.1M
FY26 Q3 $541.9M
FY26 Q4 $565.3M
FY27 Q1 $600.3M
Revenue growth, TTM YoY Digital Turbine, Inc.
-40% -20% 0% 20% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Revenue growth, TTM YoY, FY24 Q2: -22.6% Revenue growth, TTM YoY, FY24 Q3: -19.4% Revenue growth, TTM YoY, FY24 Q4: -18.2% Revenue growth, TTM YoY, FY25 Q1: -17.2% Revenue growth, TTM YoY, FY25 Q2: -17.0% Revenue growth, TTM YoY, FY25 Q3: -15.5% Revenue growth, TTM YoY, FY25 Q4: -9.9% Revenue growth, TTM YoY, FY26 Q1: -2.5% Revenue growth, TTM YoY, FY26 Q2: 6.8% Revenue growth, TTM YoY, FY26 Q3: 12.1% Revenue growth, TTM YoY, FY26 Q4: 15.2% Revenue growth, TTM YoY, FY27 Q1: 19.2% 19.2%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q2 -22.6%
FY24 Q3 -19.4%
FY24 Q4 -18.2%
FY25 Q1 -17.2%
FY25 Q2 -17.0%
FY25 Q3 -15.5%
FY25 Q4 -9.9%
FY26 Q1 -2.5%
FY26 Q2 6.8%
FY26 Q3 12.1%
FY26 Q4 15.2%
FY27 Q1 19.2%
Operating margin (TTM) Digital Turbine, Inc.
-100% -50% 0% 50% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Operating margin (TTM), FY24 Q2: -26.5% Operating margin (TTM), FY24 Q3: -30.7% Operating margin (TTM), FY24 Q4: -68.8% Operating margin (TTM), FY25 Q1: -74.8% Operating margin (TTM), FY25 Q2: -50.2% Operating margin (TTM), FY25 Q3: -51.7% Operating margin (TTM), FY25 Q4: -11.0% Operating margin (TTM), FY26 Q1: -8.5% Operating margin (TTM), FY26 Q2: -4.3% Operating margin (TTM), FY26 Q3: 2.2% Operating margin (TTM), FY26 Q4: 6.0% Operating margin (TTM), FY27 Q1: 10.3% 10.3%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY24 Q2 -26.5%
FY24 Q3 -30.7%
FY24 Q4 -68.8%
FY25 Q1 -74.8%
FY25 Q2 -50.2%
FY25 Q3 -51.7%
FY25 Q4 -11.0%
FY26 Q1 -8.5%
FY26 Q2 -4.3%
FY26 Q3 2.2%
FY26 Q4 6.0%
FY27 Q1 10.3%
FCF margin (TTM) Digital Turbine, Inc.
-15% -10% -5% 0% 5% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 FCF margin (TTM), FY24 Q2: 4.6% FCF margin (TTM), FY24 Q3: 0.8% FCF margin (TTM), FY24 Q4: -4.2% FCF margin (TTM), FY25 Q1: -4.9% FCF margin (TTM), FY25 Q2: -12.8% FCF margin (TTM), FY25 Q3: -13.5% FCF margin (TTM), FY25 Q4: -9.0% FCF margin (TTM), FY26 Q1: -7.2% FCF margin (TTM), FY26 Q2: -2.3% FCF margin (TTM), FY26 Q3: -1.8% FCF margin (TTM), FY26 Q4: -1.8% FCF margin (TTM), FY27 Q1: 0.9% 0.9%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q2 4.6%
FY24 Q3 0.8%
FY24 Q4 -4.2%
FY25 Q1 -4.9%
FY25 Q2 -12.8%
FY25 Q3 -13.5%
FY25 Q4 -9.0%
FY26 Q1 -7.2%
FY26 Q2 -2.3%
FY26 Q3 -1.8%
FY26 Q4 -1.8%
FY27 Q1 0.9%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2011 Mar 2011 2012 Mar 2012 2013 Mar 2013 2014 Mar 2014 2015 Mar 2015 2016 Mar 2016 2017 Mar 2017 2018 Mar 2018 2019 Mar 2019 2020 Mar 2020 2021 Mar 2021 2022 Mar 2022 2023 Mar 2023 2024 Mar 2024 2025 Mar 2025 2026 Mar 2026 LTM Jun 2026
Income
Revenue 9 7 4 24 28 22 40 75 104 139 314 748 666 544 491 565 600
Gross profit 6 4 2 8 6 1 11 25 36 55 135 377 357 282 255 322 344
EBITDA −11 −17 −10 −14 −22 −15 −14 −3 6 16 66 150 127 −291 29 105 107
Operating income −11 −17 −11 −16 −24 −23 −17 −6 3 13 59 92 46 −374 −54 34 62
Net income −9 −31 −14 −19 −25 −28 −24 −53 −6 14 55 36 17 −420 −92 −38 −35
Diluted EPS −$1.25 −$15.55 −$0.81 −$0.68 −$0.63 −$0.46 −$0.36 −$0.75 −$0.08 $0.16 $0.57 $0.35 $0.16 −$4.16 −$0.89 −$0.33 −$0.30
Growth (year on year)
Revenue — −21.3% −46.7% +533.0% +15.8% −21.2% +80.7% +85.9% +38.6% +33.9% +126.1% +138.4% −10.9% −18.2% −9.9% +15.2% +19.2%
EBITDA — — — — — — — — — +150.4% +326.4% +125.7% −15.0% −328.4% — +265.9% +579.7%
Operating income — — — — — — — — — +283.5% +348.1% +55.8% −50.0% −911.1% — — —
Net income — — — — — — — — — — +294.8% −35.2% −53.1% <−999% — — —
Diluted EPS — — — — — — — — — — +256.3% −38.6% −54.3% <−999% — — —
Margins
Gross margin 65.1% 60.3% 56.0% 32.2% 21.7% 6.6% 28.0% 33.5% 34.3% 39.7% 43.0% 50.4% 53.6% 51.8% 52.0% 56.9% 57.3%
EBITDA margin −118.0% −228.8% −269.3% −56.0% −76.6% −65.9% −35.7% −4.2% 6.0% 11.2% 21.2% 20.0% 19.1% −53.4% 5.9% 18.7% 17.9%
Operating margin −124.9% −234.7% −286.1% −63.6% −84.0% −101.3% −42.2% −7.8% 3.3% 9.5% 18.9% 12.3% 6.9% −68.8% −11.0% 6.0% 10.3%
Net margin −102.2% −424.7% −367.3% −76.6% −87.2% −126.0% −60.3% −70.7% −5.8% 10.0% 17.5% 4.8% 2.5% −77.2% −18.8% −6.7% −5.8%
Free-cash-flow margin — — — −32.0% −58.8% −31.8% −16.6% — — — — — — 0.8% −3.2% 2.0% —
Cash flow
Cash from operations −2 −2 −7 −8 −15 −7 −7 7 1 31 63 85 113 29 12 42 51
Capital spending — — — 0 2 0 0 — — — — — — 24 27 31 —
Free cash flow — — — −8 −17 −7 −7 — — — — — — 4 −16 11 —
Stock-based pay 0 7 0 2 6 5 3 3 2 3 6 19 30 34 34 16 13
Free cash flow after stock pay — — — −10 −22 −12 −10 — — — — — — −29 −49 −5 —
Balance sheet
Cash 1 9 1 22 7 11 6 13 11 22 31 127 75 33 39 38 43
Total debt 5 3 5 0 11 10 10 5 0 21 29 546 411 383 409 391 388
Net debt (negative = net cash) 4 −6 4 −22 4 −1 4 −7 −11 −0 −2 419 335 351 369 353 345
Diluted shares 8m 10m 18m 27m 39m 62m 67m 70m 77m 90m 96m 103m 102m 101m 104m 113m 116m

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

1 of 7 checks passed · June 30, 2026
What it owns · $843m
Short-term assets $333mLonger-term assets $510m
What it owes, and who funded it · $843m
Short-term liabilities $277mLonger-term liabilities $376mShareholders' equity $191m
  • Short-term assets cover short-term liabilities $333m of assets due within a year against $277m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $333m short-term assets against $376m of longer-dated liabilities.
  • More cash than debt $43m of cash against $353m of debt.
  • Debt below 40% of shareholders' equity Debt is 185% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 71% to 185% over five years.
  • A year's operating cash flow covers at least 20% of debt $51m of operating cash flow against $353m of debt.
  • Operating profit covers interest at least five times over Operating income of $62m against $63m of interest.

From Digital Turbine, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+11.1%
year over year
R&D spending
6.8%
of revenue
Days sales outstanding
160 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in application software
Last 12 months unless stated APPS INTA FROG EVCM YB BTDR Median
Revenue, last 12 months $600m $600m $600m $598m $609m $620m $482m
Revenue growth, last 12 months 19.2% 14.4% 26.4% 4.2% 33.3% 77.3% 12.0%
Revenue growth, 3-year average −1.3% 17.2% 24.3% −2.8% — — 11.1%
Revenue growth, latest quarter 26.8% 16.0% 28.7% 2.7% — — 11.9%
Gross margin 57.3% 76.6% 77.9% — 96.2% 9.8% 69.2%
Operating margin 10.3% −4.5% −11.5% 9.9% — 25.8% 1.1%
Operating margin, 3-year average −24.3% −5.6% −17.1% 6.6% — — −0.8%
Net margin −5.8% −4.7% −7.3% 5.7% 29.9% 10.6% 2.1%
Cash from operations / revenue 8.5% 26.9% 29.4% 17.9% 34.2% — 18.2%
Free-cash-flow margin 0.9% 26.6% 28.3% 17.4% 33.8% — 15.0%
Free-cash-flow margin, 3-year average −3.8% 21.8% 26.9% 20.2% — — 16.2%
Stock pay / revenue 2.1% 21.0% 26.8% 4.1% 1.7% 6.2% 9.3%
Change in share count 11.1% −2.5% 5.9% −1.6% 5.4% 70.5% 2.2%

Median of all 185 companies we cover in application software. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

185 application software companies
Measure Company Peer median Rank
Revenue growth Growth 19.2% 12.0% 60 of 184
Change in growth rate Growth +4.0pp +0.2pp 38 of 184
Gross margin Profitability 57.3% 69.8% 109 of 160
Operating margin Profitability 10.3% 1.1% 54 of 181
Net margin Profitability -5.8% 2.1% 112 of 185
Free-cash-flow margin Cash generation 0.9% 15.2% 125 of 180
Stock pay as % of revenue Cash generation 2.1% 9.3% 14 of 177
Long-term debt as % of assets Balance sheet 40.7% 16.9% 83 of 98
Change in share count Balance sheet 11.1% 1.7% 127 of 163
Days sales outstanding Balance sheet 160 days 57 days 154 of 162

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to March 31, 2026
Segments
Line of business Revenue Share YoY
On Device Solutions $382M 67.3% ▲ 11.9%
App Growth Platform $186M 32.7% ▲ 21.2%
Geography
Region Revenue Share YoY
North America $228M 40.1% ▼ 1.9%
Asia Pacific $174M 30.7% ▲ 82.6%
EMEA $162M 28.6% ▼ 0.4%
Latin America $3.6M 0.6% ▼ 13.7%

From Digital Turbine, Inc.'s 10-K filed May 26, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$1B
Institutions reporting
209
Shares held vs prior quarter
▲ 6.5%
Positions opened / closed
49 / 37

Top buyers and sellers, Q2 2026: 123 institutions bought and 102 sold ; the biggest buyer was D. E. Shaw & Co., Inc (+4.8M shares) and the biggest seller Granahan Investment Management, LLC (−3.6M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $121M 9.4M 12.0% ▲ 8.1%
Aigh Capital Management LLC $84.5M 6.5M 8.4% ▲ 33.8%
D. E. Shaw & Co., Inc. $65.4M 5.1M 6.5% ▲ 1648.3%
Vanguard Capital Management LLC $64.3M 5.0M 6.4% ▲ 6.6%
Vanguard Portfolio Management LLC $55.7M 4.3M 5.5% ▲ 8.3%
Granahan Investment Management, LLC $45.1M 3.5M 4.5% ▼ 50.9%
Geode Capital Management, LLC $37.6M 2.9M 3.7% ▲ 12.2%
Two Sigma Investments, LP $36.2M 2.8M 3.6% ▲ 80.6%
State Street Corp $34.2M 2.7M 3.4% ▼ 10.0%
Bank Of America Corp $33.8M 2.6M 3.4% ▼ 27.7%
Arrowstreet Capital, Limited Partnership $30.7M 2.4M 3.1% ▲ 63.1%
Invesco Ltd. $28.9M 2.2M 2.9% ▲ 437.4%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Digital Turbine, Inc.'s complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $2,347 1 trade by 1 insider · 0% under pre-set plans
Net ▼ $2,347 net selling
Insider Date Trade Shares Price Value
Kinsell Joshua Chief Accounting Officer February 23, 2026 Sell 578 $4.06 $2,347

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 1 trade and filings

No trades in Digital Turbine, Inc. disclosed in the last 12 months; 1 earlier trade on record.

  • Daniel S. Goldman(D-NY 10):Sale (full), $1,001 - $15,000, traded March 6, 2023, filed April 17, 2023

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around November 3, 2026 estimated from the company's past filing pattern, not announced

  • August 4, 2026
  • May 26, 2026
  • February 3, 2026
  • November 4, 2025
  • August 5, 2025
  • June 16, 2025

Recent SEC filings

Data status

When each part of this page on Digital Turbine, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Digital Turbine, Inc. in brief

What does Digital Turbine, Inc. do?
Digital Turbine, Inc. is a US-listed company in the application software industry. Its financial year ends in March.
What is Digital Turbine, Inc.'s stock ticker?
Digital Turbine, Inc. trades under the ticker APPS on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Digital Turbine, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Digital Turbine, Inc. reported revenue of $600M, 19.2% higher than a year earlier, according to its SEC filings.
What is Digital Turbine, Inc.'s free cash flow?
Digital Turbine, Inc.'s free-cash-flow margin is 0.9% of revenue over the trailing twelve months, ranking 125 of the 180 application software companies we cover.
Who are Digital Turbine, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Aigh Capital Management LLC and D. E. Shaw & Co., Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Digital Turbine, Inc.'s market cap?
On November 2, 2026, Digital Turbine, Inc.'s market capitalisation was about $985M and net debt of $345M. Market figures come from third-party market data and may be delayed.
How much debt does Digital Turbine, Inc. have?
Digital Turbine, Inc.'s debt-to-equity ratio is 185.1%, from its latest balance sheet (70.6% five years earlier). The financial health section below sets out its other solvency checks.
Who are Digital Turbine, Inc.'s competitors?
In our Application Software peer group, the companies closest to Digital Turbine, Inc. are Intapp, Inc., Jfrog Ltd, Evercommerce Inc., Yuanbao Inc. and Bitdeer Technologies Group. The side-by-side comparison below sets their revenue, margins and growth against Digital Turbine, Inc.'s.
Are insiders buying or selling Digital Turbine, Inc. stock?
Over the last 12 months, Digital Turbine, Inc.'s directors and officers reported 0 open-market purchases and 1 sales on Form 4. The insider trading page charts every trade.
When is Digital Turbine, Inc.'s next earnings date?
Around November 9, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Digital Turbine, Inc. announces its own schedule.