Digital Turbine, Inc. APPS

Financials SIC 6794 - Patent Owners & Lessors NAICS Real Estate and Rental and Leasing › Lessors of Nonfinancial Intangible Assets (except Copyrighted Works) derived Nasdaq

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.

Last close 9.86 2026-10-23
Market cap $1.19B 2026-06-30 share count
52-week range 2.74 - 15.34

Valuation FY2025 figures against the last close

P/S2.1x
P/E—
P/FCF106.7x
EV/EBITDA23.7x
Dividend yield—
Diluted EPS-0.33

Where the revenue comes from as reported in the latest 10-K

Revenue by segment

  • ODS
  • AGP
Revenue by segment, 2 categories over 3 years. The same figures are in the table below. FY2025 ODS, FY2025: 382.4M (67.3%) 67% ODS AGP, FY2025: 185.7M (32.7%) 33% AGP FY2024 ODS, FY2024: 341.6M (69.0%) 69% AGP, FY2024: 153.2M (31.0%) 31% FY2023 ODS, FY2023: 370.1M (67.4%) 67% AGP, FY2023: 178.8M (32.6%) 33%
Segment FY2025FY2024FY2023
ODS $382.4M $341.6M $370.1M
AGP $185.7M $153.2M $178.8M

As the company reported it, from the “Segment Information - Schedule of Revenue by Geographic Areas (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 -0.33-0.89-4.160.170.370.620.17-0.08-0.75—
EPS, diluted -0.33-0.89-4.160.160.350.570.16-0.08-0.75-0.36
Shares, diluted (wtd. avg.) 112.9M103.7M101.0M101.8M102.6M96.2M89.6M77.4M70.3M—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -500M 0 500M 1B Revenue, FY2016: 40.2M Gross profit, FY2016: 11.3M Net income, FY2016: -24.3M Revenue, FY2017: 74.8M Gross profit, FY2017: 25.1M Net income, FY2017: -52.9M Revenue, FY2018: 103.6M Gross profit, FY2018: 35.6M Net income, FY2018: -6M Revenue, FY2019: 138.7M Gross profit, FY2019: 55.1M Net income, FY2019: 13.9M Revenue, FY2020: 313.6M Gross profit, FY2020: 134.9M Net income, FY2020: 54.9M Revenue, FY2021: 747.6M Gross profit, FY2021: 376.9M Net income, FY2021: 35.6M Revenue, FY2022: 665.9M Gross profit, FY2022: 356.7M Net income, FY2022: 16.9M Revenue, FY2023: 544.5M Gross profit, FY2023: 282.3M Net income, FY2023: -420.4M Revenue, FY2024: 490.5M Gross profit, FY2024: 255.2M Net income, FY2024: -92.1M Revenue, FY2025: 565.3M Gross profit, FY2025: 321.6M Net income, FY2025: -37.7M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $40.2M $74.8M $103.6M $138.7M $313.6M $747.6M $665.9M $544.5M $490.5M $565.3M
Gross profit $11.3M $25.1M $35.6M $55.1M $134.9M $376.9M $356.7M $282.3M $255.2M $321.6M
Net income -$24.3M -$52.9M -$6.0M $13.9M $54.9M $35.6M $16.9M -$420.4M -$92.1M -$37.7M

Recent filings and events

  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Results announced Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Shareholder vote Item 5.07

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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