Digital Turbine Inc Financials
Digital Turbine Inc (APPS) reported $565.3M in revenue for fiscal year 2026, up 15.2% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Revenue recovery is rebuilding operating profitability, but high interest expense and capital needs still keep reported earnings below break-even.
Operating margin improved from-11.0% in FY2025 to6.0% in FY2026, a reversal suggesting fixed costs were better absorbed as sales recovered. Interest expense of$58.6M exceeded operating income of$34.0M , so the operating recovery has not yet reached shareholders' earnings.
Cash conversion remains thin: operating cash flow was
Debt-to-equity improved from 2.5x to 1.8x as debt declined and equity recovered, reducing balance-sheet strain without eliminating leverage rather than representing full deleveraging. Receivables rose from
Financial Health Signals
Scored against operating companies for FY2026. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Digital Turbine Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Digital Turbine Inc has an operating margin of 6.0%, meaning the company retains $6 of operating profit per $100 of revenue. This below-average margin results in a low score of 18/100, suggesting thin profitability after operating expenses. This is up from -11.0% the prior year.
Digital Turbine Inc's revenue surged 15.2% year-over-year to $565.3M, reflecting rapid business expansion. This strong growth earns a score of 38/100.
Digital Turbine Inc has elevated debt relative to equity (D/E of 1.77), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 21/100, reflecting increased financial risk.
Digital Turbine Inc's current ratio of 1.18 is below the typical benchmark, resulting in a score of 28/100. This tight liquidity could limit financial flexibility if cash inflows slow.
While Digital Turbine Inc generated $41.8M in operating cash flow, capex of $30.6M consumed most of it, leaving $11.2M in free cash flow. This results in a low score of 29/100, reflecting heavy capital investment rather than weak cash generation.
Digital Turbine Inc posts a -18.8% return on equity (ROE), meaning it loses $19 for every $100 of shareholders' equity. This results in a returns score of 18/100. This is up from -56.8% the prior year.
Digital Turbine Inc scores 0.98, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($1.4B) relative to total liabilities ($641.3M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Digital Turbine Inc passes 7 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
Digital Turbine Inc reported a net loss of $37.7M while generating $41.8M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Digital Turbine Inc earns $0.58 in operating income for every $1 of interest expense ($34.0M vs $58.6M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Digital Turbine Inc generated $565.3M in revenue in fiscal year 2026. This represents an increase of 15.2% from the prior year.
Digital Turbine Inc's EBITDA was $105.5M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 265.9% from the prior year.
Digital Turbine Inc reported -$37.7M in net income in fiscal year 2026. This represents an increase of 59.0% from the prior year.
Digital Turbine Inc earned -$0.33 per diluted share (EPS) in fiscal year 2026. This represents an increase of 62.9% from the prior year.
Cash & Balance Sheet
Digital Turbine Inc generated $11.2M in free cash flow in fiscal year 2026, representing cash available after capex. This represents an increase of 171.7% from the prior year.
Digital Turbine Inc held $37.7M in cash against $353.9M in long-term debt as of fiscal year 2026.
Not reported for fiscal year 2026.
Margins & Returns
Digital Turbine Inc's gross margin was 56.9% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is up 4.9 percentage points from the prior year.
Digital Turbine Inc's operating margin was 6.0% in fiscal year 2026, reflecting core business profitability. This is up 17.0 percentage points from the prior year.
Digital Turbine Inc's net profit margin was -6.7% in fiscal year 2026, showing the share of revenue converted to profit. This is up 12.1 percentage points from the prior year.
Digital Turbine Inc's ROE was -18.8% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is up 38.0 percentage points from the prior year.
Capital Allocation
Digital Turbine Inc invested $40.5M in research and development in fiscal year 2026. This represents an increase of 2.6% from the prior year.
Digital Turbine Inc invested $30.6M in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents an increase of 11.4% from the prior year.
Not reported for fiscal year 2026.
APPS Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q1'27 | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $166.0M+16.4% | $142.5M-5.8% | $151.4M+7.9% | $140.4M+7.2% | $130.9M+9.9% | $119.2M-11.5% | $134.6M+13.4% | $118.7M |
| Cost of Revenue | $71.0M+22.5% | $58.0M-10.0% | $64.4M+2.1% | $63.1M+8.5% | $58.1M+9.3% | $53.2M-23.9% | $69.9M+24.2% | $56.3M |
| Gross Profit | $94.9M+12.3% | $84.6M-2.8% | $87.0M+12.5% | $77.3M+6.2% | $72.8M+10.4% | $66.0M+2.0% | $64.7M+3.7% | $62.4M |
| R&D Expenses | $10.6M+12.0% | $9.5M-4.4% | $9.9M-9.9% | $11.0M+8.2% | $10.1M+11.3% | $9.1M-10.7% | $10.2M+8.2% | $9.4M |
| SG&A Expenses | $33.0M-9.0% | $36.2M+25.4% | $28.9M-15.2% | $34.1M-20.6% | $42.9M-5.0% | $45.2M+5.5% | $42.8M+1.5% | $42.2M |
| Operating Income | $23.1M+119.3% | $10.5M-51.4% | $21.7M+231.4% | $6.5M+240.2% | -$4.7M+60.1% | -$11.7M+8.3% | -$12.8M+5.8% | -$13.5M |
| Interest Expense | $12.9M-45.3% | $23.6M+73.8% | $13.6M+17.9% | $11.5M+15.5% | $10.0M+1.1% | $9.8M+24.4% | $7.9M-9.8% | $8.8M |
| Income Tax | $2.3M-39.7% | $3.8M+17.3% | $3.2M+122.9% | $1.5M+169.4% | -$2.1M-57.7% | -$1.3M-155.0% | $2.4M+72.3% | $1.4M |
| Net Income | -$11.3M-54.3% | -$7.3M-243.7% | $5.1M+123.9% | -$21.4M-51.7% | -$14.1M+25.1% | -$18.8M+18.6% | -$23.1M+7.4% | -$25.0M |
| EPS (Diluted) | -$0.09-50.0% | -$0.06-300.0% | $0.03 | -$0.20-53.8% | -$0.13+27.8% | -$0.18+18.2% | -$0.22+8.3% | -$0.24 |
APPS Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q1'27 | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $843.5M+0.2% | $841.7M-1.9% | $858.2M+4.8% | $818.7M0.0% | $818.4M+0.7% | $812.9M-3.2% | $839.7M-0.6% | $844.5M |
| Current Assets | $333.3M+6.9% | $311.9M-2.0% | $318.1M+18.3% | $269.0M+3.4% | $260.2M+7.2% | $242.8M-4.5% | $254.1M+4.2% | $243.9M |
| Cash & Equivalents | $42.9M+13.8% | $37.7M-6.1% | $40.2M+3.4% | $38.8M+16.2% | $33.4M-15.1% | $39.4M+13.8% | $34.6M+7.9% | $32.1M |
| Accounts Receivable | $263.1M+4.7% | $251.2M+2.4% | $245.3M+19.1% | $205.9M+1.0% | $203.9M+12.2% | $181.8M-8.9% | $199.5M+4.1% | $191.6M |
| Goodwill | $222.9M-0.1% | $223.1M-0.3% | $223.8M0.0% | $223.8M-0.1% | $223.9M+1.0% | $221.7M+0.3% | $221.1M0.0% | $221.1M |
| Total Liabilities | $652.9M+1.8% | $641.3M-3.4% | $663.6M-1.0% | $670.5M+0.7% | $666.1M+1.1% | $658.9M-2.6% | $676.1M+2.1% | $662.1M |
| Current Liabilities | $276.6M+4.5% | $264.6M-8.2% | $288.1M+17.8% | $244.5M+2.9% | $237.7M+6.8% | $222.5M-7.4% | $240.2M+7.4% | $223.6M |
| Long-Term Debt | $343.5M-3.0% | $353.9M+1.0% | $350.3M-11.0% | $393.8M-1.7% | $400.5M-2.0% | $408.7M+0.1% | $408.2M+0.1% | $407.6M |
| Total Equity | $190.6M-4.9% | $200.3M+2.9% | $194.6M+31.4% | $148.1M-7.7% | $160.5M-1.0% | $162.1M-0.9% | $163.6M-10.3% | $182.4M |
| Retained Earnings | -$728.3M-1.6% | -$717.0M+0.1% | -$717.8M+0.7% | -$722.9M-3.0% | -$701.5M-2.1% | -$687.4M-2.8% | -$668.6M-3.6% | -$645.5M |
Not reported in any period shown, so not listed: Inventory.
APPS Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q1'27 | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $17.9M+307.6% | $4.4M-69.1% | $14.2M-2.0% | $14.5M+64.5% | $8.8M-23.6% | $11.5M+10.2% | $10.4M+219.8% | -$8.7M |
| Capital Expenditures | $6.7M | N/A | N/A | N/A | $7.6M | N/A | N/A | N/A |
| Free Cash Flow | $11.2M | N/A | N/A | N/A | $1.2M | N/A | N/A | N/A |
| Investing Cash Flow | -$2.0M+73.4% | -$7.4M+4.4% | -$7.8M-0.2% | -$7.8M-2.0% | -$7.6M-9.7% | -$6.9M+2.5% | -$7.1M+4.7% | -$7.5M |
| Financing Cash Flow | -$9.7M-1721.4% | -$532K+74.7% | -$2.1M-1037.5% | $224K+102.6% | -$8.5M-23588.9% | $36K+128.3% | -$127K-100.9% | $13.4M |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
APPS Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q1'27 | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 57.2%-2.1pp | 59.3%+1.9pp | 57.5%+2.4pp | 55.0%-0.5pp | 55.6%+0.2pp | 55.4%+7.3pp | 48.0%-4.5pp | 52.5% |
| Operating Margin | 13.9%+6.5pp | 7.4%-6.9pp | 14.3%+9.6pp | 4.7%+8.2pp | -3.6%+6.3pp | -9.8%-0.3pp | -9.5%+1.9pp | -11.4% |
| Net Margin | -6.8%-1.7pp | -5.1%-8.5pp | 3.4%+18.6pp | -15.2%-4.5pp | -10.8%+5.0pp | -15.8%+1.4pp | -17.2%+3.9pp | -21.0% |
| Return on Equity | -5.9%-2.3pp | -3.7%-6.3pp | 2.6%+17.1pp | -14.4%-5.6pp | -8.8%+2.8pp | -11.6%+2.5pp | -14.1%-0.4pp | -13.7% |
| Return on Assets | -1.3%-0.5pp | -0.9%-1.5pp | 0.6%+3.2pp | -2.6%-0.9pp | -1.7%+0.6pp | -2.3%+0.4pp | -2.8%+0.2pp | -3.0% |
| Current Ratio | 1.200.0x | 1.18+0.1x | 1.100.0x | 1.100.0x | 1.090.0x | 1.090.0x | 1.060.0x | 1.09 |
| Debt-to-Equity | 1.800.0x | 1.770.0x | 1.80-0.9x | 2.66+0.2x | 2.500.0x | 2.520.0x | 2.50+0.3x | 2.24 |
| FCF Margin | 6.7% | N/A | N/A | N/A | 0.9% | N/A | N/A | N/A |
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Where Digital Turbine Inc Ranks
Frequently Asked Questions
What is Digital Turbine Inc's annual revenue?
Digital Turbine Inc (APPS) reported $565.3M in total revenue for fiscal year 2026. This represents a 15.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Digital Turbine Inc's revenue growing?
Digital Turbine Inc (APPS) revenue grew by 15.2% year-over-year, from $490.5M to $565.3M in fiscal year 2026.
Is Digital Turbine Inc profitable?
No, Digital Turbine Inc (APPS) reported a net income of -$37.7M in fiscal year 2026, with a net profit margin of -6.7%.
What is Digital Turbine Inc's EBITDA?
Digital Turbine Inc (APPS) had EBITDA of $105.5M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Digital Turbine Inc have?
As of fiscal year 2026, Digital Turbine Inc (APPS) had $37.7M in cash and equivalents against $353.9M in long-term debt.
What is Digital Turbine Inc's gross margin?
Digital Turbine Inc (APPS) had a gross margin of 56.9% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.
What is Digital Turbine Inc's operating margin?
Digital Turbine Inc (APPS) had an operating margin of 6.0% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.
What is Digital Turbine Inc's net profit margin?
Digital Turbine Inc (APPS) had a net profit margin of -6.7% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
What is Digital Turbine Inc's return on equity (ROE)?
Digital Turbine Inc (APPS) has a return on equity of -18.8% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What is Digital Turbine Inc's free cash flow?
Digital Turbine Inc (APPS) generated $11.2M in free cash flow during fiscal year 2026. This represents a 171.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Digital Turbine Inc's operating cash flow?
Digital Turbine Inc (APPS) generated $41.8M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are Digital Turbine Inc's total assets?
Digital Turbine Inc (APPS) had $841.7M in total assets as of fiscal year 2026, including both current and long-term assets.
What are Digital Turbine Inc's capital expenditures?
Digital Turbine Inc (APPS) invested $30.6M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
How much does Digital Turbine Inc spend on research and development?
Digital Turbine Inc (APPS) invested $40.5M in research and development during fiscal year 2026.
What is Digital Turbine Inc's current ratio?
Digital Turbine Inc (APPS) had a current ratio of 1.18 as of fiscal year 2026, which is considered adequate.
What is Digital Turbine Inc's debt-to-equity ratio?
Digital Turbine Inc (APPS) had a debt-to-equity ratio of 1.77 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Digital Turbine Inc's return on assets (ROA)?
Digital Turbine Inc (APPS) had a return on assets of -4.5% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is Digital Turbine Inc's Altman Z-Score?
Digital Turbine Inc (APPS) has an Altman Z-Score of 0.98, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Digital Turbine Inc's Piotroski F-Score?
Digital Turbine Inc (APPS) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Digital Turbine Inc's earnings high quality?
Digital Turbine Inc (APPS) reported a net loss of $37.7M while generating $41.8M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Digital Turbine Inc cover its interest payments?
Digital Turbine Inc (APPS) has an interest coverage ratio of 0.58x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Digital Turbine Inc?
Digital Turbine Inc (APPS) scores 25 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.