APPS · Digital Turbine, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q3 '26 | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $130.93M | $151.40M | $140.38M | $117.99M | $134.64M | $118.73M | $146.37M | $142.63M | $143.26M | $188.63M |
| Cost of Revenue | $58.14M | $64.42M | $63.09M | $55.81M | $69.95M | $56.34M | $69.59M | $70.36M | $68.72M | $87.37M |
| Gross Profit | $72.79M | $86.97M | $77.28M | $62.18M | $64.69M | $62.39M | $76.77M | $72.27M | $74.54M | $101.27M |
| R&D | $10.15M | $9.89M | $10.98M | $10.71M | $10.20M | $9.43M | $15.80M | $13.04M | $14.04M | $14.13M |
| SG&A | $42.91M | $28.90M | $34.08M | $43.52M | $42.79M | $42.18M | $40.50M | $45.45M | $41.38M | $37.73M |
| Total Operating Expenses | $135.59M | $129.75M | $133.84M | $134.08M | $147.39M | $132.27M | $151.08M | $151.90M | $295.88M | $164.20M |
| D&A | $23.34M | $7.70M | $4.46M | $20.82M | $6.14M | $5.85M | $21.26M | $5.07M | $4.53M | $19.93M |
| Operating Income | ($4.66M) | $21.65M | $6.53M | ($16.09M) | ($12.75M) | ($13.54M) | ($4.71M) | ($9.27M) | ($152.62M) | $24.43M |
| Interest Expense | $9.95M | $13.56M | $11.50M | $8.25M | $8.45M | $9.23M | $7.39M | $7.67M | $7.84M | $4.08M |
| Income Tax | ($2.09M) | $3.24M | $1.45M | $1.75M | $2.41M | $1.40M | ($1.54M) | ($2.85M) | ($713.0K) | $5.14M |
| Net Income | ($14.10M) | $5.11M | ($21.39M) | ($25.16M) | ($23.13M) | ($24.99M) | ($8.18M) | ($14.06M) | ($161.48M) | $14.92M |
| EPS - Basic | ($0.13) | $0.04 | ($0.20) | ($0.25) | ($0.22) | ($0.24) | ($0.08) | ($0.14) | ($1.61) | $0.15 |
| EPS - Diluted | ($0.13) | $0.03 | ($0.20) | ($0.25) | ($0.22) | ($0.24) | ($0.08) | ($0.14) | ($1.61) | $0.15 |
Balance Sheet
| Line item | Q1 '26 | Q3 '26 | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $37.72M | $40.18M | $38.85M | $39.39M | $34.62M | $32.08M | $33.60M | $48.96M | $58.14M | $75.06M |
| Accounts Receivable | $251.24M | $245.32M | $205.90M | $181.77M | $199.51M | $191.61M | $191.01M | $217.24M | $195.53M | $178.19M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $132.81M | $127.54M | $112.07M | $139.94M | $147.73M | $148.06M | $159.20M | $159.53M | $139.85M | $119.34M |
| Current Assets | $311.87M | $318.07M | $268.98M | $242.78M | $254.12M | $243.89M | $242.34M | $287.29M | $269.82M | $266.07M |
| Total Assets | $841.65M | $858.17M | $818.66M | $812.85M | $839.71M | $844.49M | $865.54M | $1.11B | $1.09B | $1.27B |
| Current Liabilities | $268.30M | $288.15M | $244.51M | $222.53M | $240.24M | $223.63M | $236.02M | $268.66M | $244.85M | $220.92M |
| Long-term Debt | $353.93M | $350.28M | $393.75M | $408.69M | $408.15M | $407.62M | $383.49M | $374.03M | $383.81M | $410.52M |
| Total Liabilities | $649.49M | $663.57M | $670.54M | $658.90M | $676.15M | $662.12M | $651.61M | $660.94M | $643.33M | $659.30M |
| Stockholders' Equity | $192.16M | $194.60M | $148.13M | $153.96M | $163.56M | $182.37M | $213.93M | $445.70M | $447.86M | $605.20M |
| Retained Earnings | ($725.17M) | ($717.83M) | ($722.94M) | ($687.44M) | ($668.62M) | ($645.49M) | ($595.34M) | ($358.84M) | ($344.78M) | ($175.12M) |
Cash Flow
| Line item | Q1 '26 | Q3 '26 | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $8.79M | - | - | ($1.35M) | - | - | $1.32M | - | - | $36.63M |
| Investing Cash Flow | ($7.62M) | - | - | ($5.93M) | - | - | ($7.28M) | - | - | ($6.41M) |
| Financing Cash Flow | ($8.46M) | - | - | $9.97M | - | - | ($8.95M) | - | - | ($64.57M) |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q3 '26 | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 55.6% | 57.4% | 55.1% | 52.7% | 48.0% | 52.6% | 52.5% | 50.7% | 52.0% | 53.7% |
| Operating margin | -3.6% | 14.3% | 4.7% | -13.6% | -9.5% | -11.4% | -3.2% | -6.5% | -106.5% | 13.0% |
| EBITDA margin | 14.3% | 19.4% | 7.8% | 4.0% | -4.9% | -6.5% | 11.3% | -2.9% | -103.4% | 23.5% |
| Net margin | -10.8% | 3.4% | -15.2% | -21.3% | -17.2% | -21.0% | -5.6% | -9.9% | -112.7% | 7.9% |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | 7.8% | 6.5% | 7.8% | 9.1% | 7.6% | 7.9% | 10.8% | 9.1% | 9.8% | 7.5% |
| SG&A / Revenue | 32.8% | 19.1% | 24.3% | 36.9% | 31.8% | 35.5% | 27.7% | 31.9% | 28.9% | 20.0% |
| Effective tax rate | - | 38.8% | - | - | - | - | - | - | - | 25.6% |
| Return on assets | -1.7% | 0.6% | -2.6% | -3.1% | -2.8% | -3.0% | -0.9% | -1.3% | -14.8% | 1.2% |
| Return on equity | -7.3% | 2.6% | -14.4% | -16.3% | -14.1% | -13.7% | -3.8% | -3.2% | -36.1% | 2.5% |
| Return on invested capital | -0.7% | 2.4% | 1.0% | -2.3% | -1.8% | -1.8% | -0.6% | -0.9% | -14.5% | 1.8% |
| Liquidity | ||||||||||
| Current ratio | 1.16 | 1.10 | 1.10 | 1.09 | 1.06 | 1.09 | 1.03 | 1.07 | 1.10 | 1.20 |
| Quick ratio | 1.16 | 1.10 | 1.10 | 1.09 | 1.06 | 1.09 | 1.03 | 1.07 | 1.10 | 1.20 |
| Cash ratio | 0.14 | 0.14 | 0.16 | 0.18 | 0.14 | 0.14 | 0.14 | 0.18 | 0.24 | 0.34 |
| Leverage | ||||||||||
| Debt / Equity | 1.84 | 1.80 | 2.66 | 2.65 | 2.50 | 2.24 | 1.79 | 0.84 | 0.86 | 0.68 |
| Debt / Assets | 0.42 | 0.41 | 0.48 | 0.50 | 0.49 | 0.48 | 0.44 | 0.34 | 0.35 | 0.32 |
| Debt / EBITDA | 18.95 | 11.93 | 35.83 | 86.38 | - | - | 23.18 | - | - | 9.25 |
| Interest coverage | -0.5x | 1.6x | 0.6x | -2.0x | -1.5x | -1.5x | -0.6x | -1.2x | -19.5x | 6.0x |
| Equity multiplier | 4.38 | 4.41 | 5.53 | 5.28 | 5.13 | 4.63 | 4.05 | 2.48 | 2.44 | 2.09 |
| Liabilities / Assets | 0.77 | 0.77 | 0.82 | 0.81 | 0.81 | 0.78 | 0.75 | 0.60 | 0.59 | 0.52 |
| Efficiency | ||||||||||
| Asset turnover | 0.16 | 0.18 | 0.17 | 0.15 | 0.16 | 0.14 | 0.17 | 0.13 | 0.13 | 0.15 |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 700d | 591d | 535d | 562d | 541d | 589d | 476d | 556d | 498d | 345d |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | 834d | 723d | 648d | 915d | 771d | 959d | 835d | 828d | 743d | 499d |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | 166.7x | - | - | - | - | - | - | - | 82.4x |
| P / B | 1.6x | 3.1x | 4.7x | 1.8x | 1.1x | 1.7x | 1.2x | 1.6x | 1.4x | 2.1x |
| P / S | 2.3x | 4.0x | 5.0x | 2.4x | 1.3x | 2.7x | 1.8x | 4.9x | 4.2x | 6.7x |
| EV / EBITDA | 33.4x | 31.1x | 95.8x | 136.9x | - | - | 37.0x | - | - | 36.2x |
| Growth | ||||||||||
| Revenue growth (YoY) | 11.0% | 12.4% | 18.2% | -19.4% | -5.6% | -17.1% | -22.4% | -12.1% | -18.1% | -11.3% |
| Revenue CAGR (3y) | -11.5% | -2.3% | -7.1% | -17.8% | -29.0% | -27.4% | 35.4% | 17.2% | 26.4% | 83.5% |
| Revenue CAGR (5y) | 17.3% | 11.3% | 14.6% | 31.0% | 30.2% | 37.8% | - | 36.2% | 43.1% | 53.5% |
| Gross profit growth (YoY) | 17.1% | 34.4% | 23.9% | -19.0% | -10.5% | -16.3% | -24.2% | -18.7% | -23.9% | 36.4% |
| Operating income growth (YoY) | 71.0% | - | - | -241.2% | -37.6% | 91.1% | - | - | - | 27.6% |
| Net income growth (YoY) | 43.9% | - | 14.4% | -207.6% | -64.5% | 84.5% | - | - | - | 4.5% |
| EPS growth (YoY) | 48.0% | - | 16.7% | -212.5% | -57.1% | 85.1% | - | - | - | 7.1% |
| EPS CAGR (3y) | - | -9.1% | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | -5.6% | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 24.8% | 19.0% | -18.8% | -28.0% | -63.3% | -59.3% | -64.7% | -26.4% | -23.3% | 17.6% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2026-03-31.
Business segments
$568.17M totalOn Device Solutions$382.43M · 67.3%
App Growth Platform$185.74M · 32.7%
Geographic
$382.43M totalNorth America$134.29M · 35.1%
Asia Pacific$130.14M · 34.0%
EMEA$114.53M · 29.9%
Latin America$3.47M · 0.9%
Peer comparison
Same SIC group: Patent Owners & Lessors
Comparing Digital Turbine against the 5 most active filers in the same SIC group.