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 | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Revenue | $565.25M | $490.51M | $544.48M | $665.92M | $747.60M | $313.58M |
| Cost of Revenue | $243.64M | $235.29M | $262.23M | $309.25M | $370.65M | $178.65M |
| Gross Profit | $321.61M | $255.22M | $282.26M | $356.67M | $134.93M | $134.93M |
| R&D | $40.48M | $39.46M | $54.16M | $56.49M | $52.72M | $20.12M |
| SG&A | $142.12M | $173.65M | $169.62M | $154.28M | $138.84M | $33.94M |
| Total Operating Expenses | $531.21M | $544.58M | $918.92M | $619.75M | $655.36M | $125.50M |
| D&A | $71.45M | $82.91M | $83.86M | $81.07M | $57.45M | $7.11M |
| Operating Income | $34.04M | ($54.08M) | ($374.44M) | $46.16M | $92.24M | $59.21M |
| Interest Expense | $58.58M | $34.78M | $30.84M | $23.35M | - | $1.04M |
| Income Tax | $6.39M | $4.24M | $15.32M | $5.15M | $8.40M | ($13.03M) |
| Net Income | ($37.73M) | ($92.10M) | ($420.23M) | $16.67M | $35.55M | $54.88M |
| EPS - Basic | ($0.33) | ($0.89) | ($4.16) | $0.17 | $0.37 | $0.62 |
| EPS - Diluted | ($0.33) | ($0.89) | ($4.16) | $0.16 | $0.35 | $0.57 |
Balance Sheet
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $37.72M | $39.39M | $33.60M | $75.06M | $126.77M | $30.78M |
| Accounts Receivable | $251.24M | $181.77M | $191.01M | $178.19M | $263.14M | $61.98M |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | $132.81M | $139.94M | $159.20M | $119.34M | $167.86M | $34.95M |
| Current Assets | $311.87M | $242.78M | $242.34M | $266.07M | $410.87M | $97.39M |
| Total Assets | $841.65M | $812.85M | $865.54M | $1.27B | $1.46B | $260.37M |
| Current Liabilities | $268.30M | $222.53M | $236.02M | $220.92M | $385.26M | $111.15M |
| Long-term Debt | $353.93M | $408.69M | $383.49M | $410.52M | $520.78M | $0 |
| Total Liabilities | $649.49M | $658.90M | $651.61M | $659.30M | $942.29M | $115.26M |
| Stockholders' Equity | $192.16M | $153.96M | $213.93M | $605.20M | $514.57M | $145.11M |
| Retained Earnings | ($725.17M) | ($687.44M) | ($595.34M) | ($175.12M) | ($191.79M) | ($227.33M) |
Cash Flow
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $41.80M | $11.88M | $28.68M | $113.38M | $84.74M | $62.80M |
| Investing Cash Flow | ($30.62M) | ($27.48M) | ($43.85M) | ($35.06M) | ($172.00M) | ($37.81M) |
| Financing Cash Flow | ($10.86M) | $23.28M | ($29.30M) | ($128.29M) | $185.24M | ($15.22M) |
| CapEx | $24.28M | - | - | - | - | - |
| Free Cash Flow | $17.53M | - | - | - | - | - |
Ratios
| Metric | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 56.9% | 52.0% | 51.8% | 53.6% | 18.0% | 43.0% |
| Operating margin | 6.0% | -11.0% | -68.8% | 6.9% | 12.3% | 18.9% |
| EBITDA margin | 18.7% | 5.9% | -53.4% | 19.1% | 20.0% | 21.2% |
| Net margin | -6.7% | -18.8% | -77.2% | 2.5% | 4.8% | 17.5% |
| Free cash flow margin | 3.1% | - | - | - | - | - |
| FCF / Net income | -0.46 | - | - | - | - | - |
| R&D / Revenue | 7.2% | 8.0% | 9.9% | 8.5% | 7.1% | 6.4% |
| SG&A / Revenue | 25.1% | 35.4% | 31.2% | 23.2% | 18.6% | 10.8% |
| Effective tax rate | - | - | - | 23.6% | 19.1% | -31.1% |
| Return on assets | -4.5% | -11.3% | -48.6% | 1.3% | 2.4% | 21.1% |
| Return on equity | -19.6% | -59.8% | -196.4% | 2.8% | 6.9% | 37.8% |
| Return on invested capital | 4.9% | -7.6% | -49.5% | 3.5% | 7.2% | 40.8% |
| Liquidity | ||||||
| Current ratio | 1.16 | 1.09 | 1.03 | 1.20 | 1.07 | 0.88 |
| Quick ratio | 1.16 | 1.09 | 1.03 | 1.20 | 1.07 | 0.88 |
| Cash ratio | 0.14 | 0.18 | 0.14 | 0.34 | 0.33 | 0.28 |
| Leverage | ||||||
| Debt / Equity | 1.84 | 2.65 | 1.79 | 0.68 | 1.01 | 0.00 |
| Debt / Assets | 0.42 | 0.50 | 0.44 | 0.32 | 0.36 | 0.00 |
| Debt / EBITDA | 3.35 | 14.17 | - | 3.23 | 3.48 | 0.00 |
| Interest coverage | 0.6x | -1.6x | -12.1x | 2.0x | - | 56.8x |
| Equity multiplier | 4.38 | 5.28 | 4.05 | 2.09 | 2.83 | 1.79 |
| Liabilities / Assets | 0.77 | 0.81 | 0.75 | 0.52 | 0.65 | 0.44 |
| Efficiency | ||||||
| Asset turnover | 0.67 | 0.60 | 0.63 | 0.53 | 0.51 | 1.20 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 162d | 135d | 128d | 98d | 128d | 72d |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | 199d | 217d | 222d | 141d | 165d | 71d |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | 77.3x | 125.2x | 141.0x |
| P / B | 1.7x | 1.8x | 1.2x | 2.1x | 8.7x | 53.2x |
| P / S | 0.6x | 0.6x | 0.5x | 1.9x | 6.0x | 24.6x |
| EV / EBITDA | 6.1x | 22.6x | - | 12.5x | 32.7x | 116.0x |
| Growth | ||||||
| Revenue growth (YoY) | 15.2% | -9.9% | -18.2% | -10.9% | 138.4% | - |
| Revenue CAGR (3y) | -5.3% | -13.1% | 20.2% | - | 75.3% | 44.7% |
| Revenue CAGR (5y) | 12.5% | - | 31.5% | 45.1% | 58.5% | 27.9% |
| Gross profit growth (YoY) | 26.0% | -9.6% | -20.9% | 164.3% | 0.0% | - |
| Operating income growth (YoY) | - | 85.6% | - | -50.0% | 55.8% | - |
| Net income growth (YoY) | 59.0% | 78.1% | - | -53.1% | -35.2% | - |
| EPS growth (YoY) | 62.9% | 78.6% | - | -54.3% | -38.6% | - |
| EPS CAGR (3y) | - | - | - | - | 29.8% | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | 24.8% | -28.0% | -64.7% | 17.6% | 254.6% | - |
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%
Stability scores
Altman Z′
FY 2026 · bankruptcy risk
0.23
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2026 · 9-point quality
7/9
Strong
- ✗Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✓Long-term debt decreased
- ✓Current ratio improved
- ✗No share dilution
- ✓Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Patent Owners & Lessors
Comparing Digital Turbine against the 5 most active filers in the same SIC group.