Digital Turbine, Inc. APPS
Digital Turbine, Inc., through its subsidiaries (collectively "Digital Turbine," the "Company," "we," or "us"), is a leading independent mobile growth platform that levels up the landscape for advertisers, publishers, carriers, and device original equipment manufacturers ("OEMs"). The Company offers end-to-end products and solutions leveraging proprietary technology to all participants in the mobile application ecosystem, enabling brand discovery and advertising, user acquisition and engagement, and operational efficiency for advertisers. In addition, our products and solutions provide monetization opportunities for OEMs, carriers, and application ("app" or "apps") publishers and developers.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $565.3M | $490.5M | $544.5M | $665.9M | $747.6M | $313.6M | $138.7M | $103.6M | $74.8M | $40.2M |
| Cost of revenue | $243.6M | $235.3M | $262.2M | $309.2M | $370.6M | $178.6M | $83.6M | $66.0M | $49.7M | $28.9M |
| Gross profit | $321.6M | $255.2M | $282.3M | $356.7M | $376.9M | $134.9M | $55.1M | $35.6M | $25.1M | $11.3M |
| R&D | $40.5M | $39.5M | $54.2M | $56.5M | $52.7M | $20.1M | $12.0M | $10.9M | $9.7M | $9.3M |
| SG&A | $142.1M | $173.6M | $169.6M | $154.3M | $138.8M | $33.9M | $17.2M | $13.0M | $15.1M | $14.8M |
| Total operating expenses | $531.2M | $544.6M | $918.9M | $619.8M | $655.4M | $254.4M | $125.5M | $100.1M | $30.9M | $28.2M |
| Operating income | $34.0M | -$54.1M | -$374.4M | $46.2M | $92.2M | $59.2M | $13.2M | $3.4M | -$5.8M | -$17.0M |
| Interest expense | $58.6M | $34.8M | $30.8M | $23.4M | $8.5M | $1.0M | $107.0K | $1.1M | $2.1M | $2.6M |
| Pre-tax income | -$31.3M | -$87.9M | -$405.1M | $22.0M | $44.0M | $41.9M | $3.9M | -$3.8M | -$20.6M | -$19.3M |
| Income tax | $6.4M | $4.2M | $15.3M | $5.1M | $8.4M | $13.0M | $10.4M | $469.0K | $951.0K | $144.0K |
| Net income | -$37.7M | -$92.1M | -$420.4M | $16.9M | $35.6M | $54.9M | $13.9M | -$6.0M | -$52.9M | -$24.3M |
| EPS, basic | -0.33 | -0.89 | -4.16 | 0.17 | 0.37 | 0.62 | 0.17 | -0.08 | -0.75 | — |
| EPS, diluted | -0.33 | -0.89 | -4.16 | 0.16 | 0.35 | 0.57 | 0.16 | -0.08 | -0.75 | -0.36 |
| Shares, diluted (wtd. avg.) | $112.9M | $103.7M | $101.0M | $101.8M | $102.6M | $96.2M | $89.6M | $77.4M | $70.3M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $37.7M | $39.4M | $32.9M | $75.6M | $127.2M | $31.1M | $21.7M | $11.1M | $13.1M | $6.5M |
| Receivables | $251.2M | $181.8M | $191.0M | $178.2M | $263.1M | $62.0M | $33.1M | $22.7M | $17.1M | $10.7M |
| Total current assets | $311.9M | $242.8M | $242.3M | $266.1M | $410.9M | $97.4M | $58.4M | $37.1M | $39.8M | $23.7M |
| Property, plant and equipment | $49.1M | $47.0M | $45.8M | $39.3M | $31.1M | $13.1M | $8.2M | $3.4M | $2.8M | $2.0M |
| Goodwill | $223.1M | $221.7M | $220.1M | $561.6M | $559.8M | $80.2M | $69.3M | $42.3M | $42.3M | $42.3M |
| Other intangibles | $217.4M | $257.7M | $313.5M | $379.6M | $440.6M | $53.3M | $43.9M | $0 | $1.2M | $2.6M |
| Total assets | $841.7M | $812.9M | $865.5M | $1.27B | $1.46B | $260.4M | $184.0M | $82.9M | $86.6M | $107.6M |
| Accounts payable | $132.8M | $139.9M | $159.2M | $119.3M | $167.9M | $35.0M | $31.6M | $14.9M | $19.9M | $11.8M |
| Short-term debt | $7.0M | $0 | — | $0 | $12.5M | $14.6M | — | — | — | $0 |
| Total current liabilities | $268.3M | $222.5M | $236.0M | $220.9M | $385.3M | $111.1M | $82.8M | $38.3M | $46.4M | $30.8M |
| Long-term debt | $353.9M | $408.7M | $383.5M | $410.5M | $520.8M | $0 | $18.5M | $0 | $3.9M | $9.7M |
| Total liabilities | $649.5M | $658.9M | $651.6M | $659.3M | $942.3M | $115.3M | $106.6M | $46.5M | $58.9M | $45.5M |
| Retained earnings | -$725.2M | -$687.4M | -$595.3M | -$175.1M | -$191.8M | -$227.3M | -$282.2M | -$296.1M | -$290.1M | -$237.3M |
| Total equity | $192.2M | $154.0M | $213.9M | $607.3M | $516.2M | $145.1M | $77.5M | $36.4M | $27.7M | $62.0M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $41.8M | $11.9M | $28.7M | $113.4M | $84.7M | $62.8M | $31.4M | $1.3M | $7.0M | -$6.7M |
| Depreciation and amortisation | $29.9M | $27.3M | $19.5M | $16.5M | $9.0M | $4.3M | $2.1M | $1.5M | — | — |
| Stock-based compensation | $16.4M | $33.5M | $33.8M | $30.4M | $19.3M | $5.9M | $3.4M | $2.0M | $2.7M | $3.4M |
| Capital expenditure | $30.6M | $27.5M | $24.3M | — | — | — | — | — | — | $0 |
| Investing cash flow | -$30.6M | -$27.5M | -$43.8M | -$35.1M | -$172.0M | -$37.8M | -$46.7M | -$2.3M | -$2.1M | -$596.0K |
| Financing cash flow | -$10.9M | $23.3M | -$29.3M | -$128.3M | $185.2M | -$15.2M | $26.2M | -$916.0K | $1.7M | $2.6M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-048037.
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