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Digital Turbine, Inc. key statistics and ratios

In fiscal 2026, Digital Turbine, Inc. had return on equity of -20.8% and a net margin of -6.7%. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

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

Fiscal year2011Mar 20112012Mar 20122013Mar 20132014Mar 20142015Mar 20152016Mar 20162017Mar 20172018Mar 20182019Mar 20192020Mar 20202021Mar 20212022Mar 20222023Mar 20232024Mar 20242025Mar 20252026Mar 2026LTMJun 2026
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%
Return on equity———−111.0%−39.6%−32.3%−33.6%−117.8%−18.8%24.4%49.3%10.8%3.0%−102.6%−49.0%−20.8%−17.9%
Return on assets−66.1%−211.8%−103.8%−65.0%−29.4%−22.9%−21.1%−54.4%−7.1%10.4%24.7%4.1%1.2%−39.4%−11.0%−4.6%−4.1%
Effective tax rate——————————−31.1%19.1%23.4%————
R&D as % of revenue38.4%29.8%34.3%32.2%28.0%21.9%23.1%12.9%10.5%8.7%6.4%7.1%8.5%9.9%8.0%7.2%6.8%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

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.

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.

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Figures from Digital Turbine, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Digital Turbine, Inc.