Digital Turbine (Nasdaq: APPS) lifts 2027 outlook after $166M Q1

Rhea-AI Filing Summary

Digital Turbine, Inc. reported fiscal 2027 first-quarter results for the quarter ended June 30, 2026. Net revenue was $166.0 million, up 27% year-over-year. Segment net revenue before eliminations included $110.0 million from On Device Solutions (up 15%) and $56.6 million from App Growth Platform (up 56%).

The company recorded a GAAP net loss of $3.2 million, or $(0.03) per share, improving from a $14.1 million loss a year earlier. Non-GAAP adjusted net income was $24.1 million, or $0.19 per share, and non-GAAP adjusted EBITDA was $42.5 million, a 69% increase year-over-year. Non-GAAP free cash flow totaled $11.3 million. Cash, cash equivalents, and restricted cash were $43.2 million at June 30, 2026, against long-term debt, net, of $343.5 million. Management issued fiscal 2027 guidance for revenue between $650 million and $670 million and non-GAAP adjusted EBITDA between $145 million and $155 million.

Positive

• Fiscal Q1 2027 net revenue grew 27% to $166.0 million, while non-GAAP adjusted EBITDA rose 69% to $42.5 million, indicating substantial year-over-year expansion in both scale and profitability.

Negative

• None.

Filing Explained

The completed quarter leaves existing common holders with a higher reported share count, while reported GAAP earnings remained negative.

This Form 8-K reports the company’s completed fiscal first-quarter results for the three months ended June 30, 2026; Item 2.02 is the results-reporting category.

At June 30, 2026, 120,936,038 common shares were outstanding versus 120,315,203 at March 31, 2026; the higher reported share count reduces an existing holder’s percentage ownership absent offsetting changes.

The quarter produced GAAP net cash provided by operating activities of $17,859 thousand, while the company reported non-GAAP free cash flow of $11,336 thousand after capital expenditures and specified adjustments.

The GAAP net loss included a $10,799 thousand unrealized derivative loss, which the company excludes from adjusted net income and adjusted EBITDA in its disclosed reconciliations.

8-K Event Classification

2 items: 2.02, 9.01

2 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Q1 2027 Revenue: $166.0 million Q1 2027 GAAP Net Loss: $3.2 million Q1 2027 Non-GAAP Adjusted Net Income: $24.1 million +5 more

8 metrics

Q1 2027 Revenue $166.0 million Fiscal first quarter 2027 net revenue, up 27% year-over-year

Q1 2027 GAAP Net Loss $3.2 million GAAP net loss for fiscal first quarter 2027; $(0.03) per share

Q1 2027 Non-GAAP Adjusted Net Income $24.1 million Non-GAAP adjusted net income for fiscal first quarter 2027; $0.19 per share

Q1 2027 Non-GAAP Adjusted EBITDA $42.5 million Fiscal first quarter 2027 non-GAAP adjusted EBITDA, 69% year-over-year growth

Q1 2027 Non-GAAP Free Cash Flow $11.3 million Non-GAAP free cash flow for fiscal first quarter 2027

Cash, Cash Equivalents, and Restricted Cash $43.2 million Balance at June 30, 2026

Long-Term Debt, Net $343.5 million Long-term debt, net, outstanding at June 30, 2026

Fiscal 2027 Revenue Guidance $650–$670 million Company’s full-year 2027 revenue outlook

Key Terms

non-GAAP adjusted EBITDA, non-GAAP free cash flow, derivative liabilities, valuation allowance, +1 more

5 terms

non-GAAP adjusted EBITDA financial

"Non-GAAP adjusted EBITDA2 for the first quarter of fiscal 2027 was $42.5 million"

Non-GAAP adjusted EBITDA is a measure of a company's profitability that shows earnings before interest, taxes, depreciation, and amortization, with certain adjustments made to exclude irregular or non-recurring expenses and income. It provides a clearer picture of ongoing operational performance by filtering out items that might distort the core business results. Investors use it to better compare how well different companies are performing without the noise of one-time events.

non-GAAP free cash flow financial

"Non-GAAP free cash flow3 totaled $11.3 million in the fiscal first quarter of 2027"

Non-GAAP free cash flow is a company’s reported cash generated from operations after paying for routine investments in property and equipment, adjusted by management to exclude or include certain items that aren’t part of standard accounting rules. Investors watch it as a practical measure of the cash a business has available for dividends, stock buybacks, debt repayment or reinvestment — like a household’s usable savings after adjusting for one-time or unusual expenses — but calculations vary between firms, so comparisons require caution.

derivative liabilities financial

"Derivative liabilities | 12,963 | | | 2,164"

Derivative liabilities are obligations a company records when it owes money under financial contracts whose value depends on something else, like interest rates, stock prices, or currencies. Think of them as bets or insurance policies that can create future cash payments; they matter to investors because they can cause sudden changes in a company’s reported debt, profits and cash flow and reveal exposure to market risks that could affect valuation.

valuation allowance financial

"Tax adjustment (1) | 2,288 | | | — | | (1) Valuation allowance"

A valuation allowance is a reserve set aside to reduce the value of certain assets on a company's financial records when there is uncertainty about whether they will generate the expected benefits. It acts like a caution sign, indicating that some assets might not be fully recoverable or worth their recorded amount. This matters to investors because it provides a more realistic picture of a company's financial health and potential risks.

contingent consideration financial

"changes in fair value of contingent consideration, contract settlement fees"

Contingent consideration is an additional payment agreed when one company buys another that will be paid later only if specific future targets are met, such as revenue, profit, or regulatory milestones. It matters to investors because it shifts risk between buyer and seller and affects the acquiring company's future cash flow and reported value — like promising a bonus after results are proven.

Earnings Snapshot

Revenue: $166.0 million · Guidance included

Fiscal 2027 first quarter ended June 30, 2026

Revenue $166.0 million 27% year-over-year increase from $130.9 million

GAAP Net Loss $3.2 million Narrowed from $14.1 million loss in prior-year quarter

Non-GAAP Adjusted Net Income $24.1 million Up from $7.0 million in the prior-year quarter

Non-GAAP Adjusted EBITDA $42.5 million 69% year-over-year increase from $25.1 million

Guidance

For fiscal year 2027, management expects revenue between $650 million and $670 million and non-GAAP adjusted EBITDA between $145 million and $155 million.

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FAQ

How did Digital Turbine (APPS) perform in fiscal Q1 2027?

Digital Turbine reported $166.0 million in revenue for fiscal Q1 2027, up 27% year-over-year. GAAP net loss was $3.2 million, while non-GAAP adjusted net income reached $24.1 million and non-GAAP adjusted EBITDA was $42.5 million, reflecting stronger operating performance.

What guidance did Digital Turbine (APPS) give for fiscal year 2027?

Digital Turbine issued fiscal 2027 guidance for revenue of $650–$670 million and non-GAAP adjusted EBITDA of $145–$155 million. This outlook frames expected full-year scale and profitability following strong first-quarter results and highlights management’s expectations for continued growth.

What were Digital Turbine’s (APPS) key non-GAAP metrics in Q1 2027?

Non-GAAP adjusted net income was $24.1 million, or $0.19 per share, in fiscal Q1 2027. Non-GAAP adjusted EBITDA totaled $42.5 million, a 69% year-over-year increase, and non-GAAP free cash flow was $11.3 million, underscoring improved cash-generating capability.

How did Digital Turbine’s (APPS) business segments perform in Q1 2027?

On Device Solutions net revenue before eliminations was $110.0 million, up 15% year-over-year. App Growth Platform net revenue before eliminations was $56.6 million, up 56%. The faster growth in App Growth Platform contributed meaningfully to the company’s overall revenue expansion.

What is Digital Turbine’s (APPS) profitability on a GAAP vs non-GAAP basis?

On a GAAP basis, Digital Turbine posted a $3.2 million net loss in fiscal Q1 2027. On a non-GAAP basis, adjusted net income was $24.1 million and adjusted EBITDA was $42.5 million, reflecting the exclusion of items such as amortization, stock-based compensation, and derivative losses.

What is Digital Turbine’s (APPS) cash and debt position after Q1 2027?

As of June 30, 2026, Digital Turbine held $43.2 million in cash, cash equivalents, and restricted cash. Long-term debt, net, was $343.5 million, and derivative liabilities were $13.0 million, providing context on liquidity and leverage alongside positive operating cash flow of $17.9 million.

false0000317788110 San Antonio Street,Austin,Suite 160,TX00003177882026-08-042026-08-04

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT PURSUANT

TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (date of earliest event reported): August 4, 2026

Digital Turbine, Inc.

(Exact Name of Registrant as Specified in Its Charter)

Delaware

001-35958

22-2267658

(State or Other Jurisdiction of Incorporation)

(Commission File Number)

(IRS Employer Identification No.)

110 San Antonio Street, Suite 160, Austin, TX						78701
(Address of Principal Executive Offices)						(Zip Code)

(512) 387-7717

(Registrant’s Telephone Number, Including Area Code)

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions. (see General Instruction A.2. below)

☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class			Trading symbol(s)			Name of each exchange on which registered
Common Stock			APPS			NASDAQ

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02     Results of Operations and Financial Condition

On August 4, 2026, Digital Turbine, Inc. ("the Company") issued a press release announcing financial results for the quarter ended June 30, 2026. The text of the announcement is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference. In accordance with General Instruction B.2 of Form 8-K, the information in Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filings.

This Form 8-K and the attached press release contain statements that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations, estimates, and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties, and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors and risks discussed from time to time in our SEC filings and reports. In addition, such statements could be affected by general industry and market conditions and growth rates, and general domestic and international economic conditions. Such forward-looking statements speak only as of the date on which they are made and we do not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release.

The attached press release includes non-GAAP financial measures relating to our operations and forecasted outlook. Certain of these non-GAAP terms will be used in our upcoming earnings conference call. In addition, the attached press release includes reconciliations of these GAAP to non-GAAP measures, as well as an explanation of how management uses these non-GAAP measures and the reasons why management views these measures as providing useful information for investors. These non-GAAP financial measures should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP, and the financial results calculated in accordance with GAAP and reconciliations from our results should be carefully evaluated.

Item 9.01        Financial Statements and Exhibits

(d) Exhibits

Exhibit No.						Description
99.1						Press release dated August 4, 2026, as issued by Digital Turbine, Inc., announcing financial results.
104						Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

August 4, 2026			Digital Turbine, Inc.
			By:			/s/ Joshua Kinsell
						Joshua Kinsell
						Chief Financial Officer (Interim) and Chief Accounting Officer

Digital Turbine Reports Strong Fiscal 2027 First Quarter Financial Results and Raises Full-Year Guidance

First Quarter Net Revenue Totaled $166.0 Million, Representing Year-over-Year Growth of 27%

First Quarter GAAP Net Loss of $3.2 Million and GAAP EPS of $(0.03); First Quarter Non-GAAP Adjusted Net Income1 of $24.1 Million and Non-GAAP Adjusted EPS1 of $0.19

First Quarter Non-GAAP Adjusted EBITDA2 Totaled $42.5 Million, Representing Year-over-Year Growth of 69%

Austin, TX – August 4, 2026 – Digital Turbine, Inc. (Nasdaq: APPS) announced financial results for the fiscal first quarter ended June 30, 2026.

Recent Financial Highlights:

•Fiscal first quarter of 2027 revenue totaled $166.0 million, representing an increase of 27% year-over-year as compared to the fiscal first quarter of 2026.

•GAAP net loss for the fiscal first quarter of 2027 was $3.2 million, or $(0.03) per share. Non-GAAP adjusted net income1 for the fiscal first quarter of 2027 was $24.1 million, or $0.19 per share, as compared to non-GAAP adjusted net income1 of $7.0 million, or $0.06 per share, in the fiscal first quarter of 2026.

•Non-GAAP adjusted EBITDA2 for the fiscal first quarter of 2027 was $42.5 million, representing an increase of 69% year-over-year as compared to non-GAAP adjusted EBITDA2 of $25.1 million in the fiscal first quarter of 2026.

•Non-GAAP free cash flow3 totaled $11.3 million in the fiscal first quarter of 2027.

“Our strong first quarter results reflect an encouraging start to the new fiscal year and position the Company for sustained success moving forward,” said Bill Stone, CEO. “Our execution continues to improve, thereby creating and supporting multiple growth opportunities. In particular, I was pleased with the performance of our App Growth Platform segment, which delivered 56% year-over-year growth, powered by our brand business on the demand side and our DT Exchange on the supply side. One key tailwind helping to drive this improved performance is our ability to successfully leverage AI partnerships and tools to optimize the value of our vast data sources as a means of driving better results for platform partners and advertisers, while simultaneously delivering a more relevant, enriched end-user experience. This AI-enhanced evolution has, in turn, enabled us to attract valuable new partners and advertisers to the platform in search of improved yields and greater returns on advertising spend. My confidence in the Digital Turbine team, platform, market position, and vision energize me for the fast-expanding spectrum of opportunities that lie ahead.”

Digital Turbine Reports Fiscal 2027 First Quarter Financial Results

August 4, 2026

Page 2

Fiscal 2027 First Quarter Financial Results

Total revenue for the first quarter of fiscal 2027 was $166.0 million, representing year-over-year growth of 27% as compared to total revenue of $130.9 million for the first quarter of fiscal 2026. Total On Device Solutions net revenue before intercompany eliminations was $110.0 million, representing year-over-year growth of 15%. Total App Growth Platform net revenue before intercompany eliminations was $56.6 million, representing year-over year growth of 56%.

GAAP net loss for the first quarter of fiscal 2027 was $3.2 million, or $(0.03) per share, as compared to GAAP net loss for the first quarter of fiscal 2026 of $14.1 million, or ($0.13) per share.

Non-GAAP adjusted net income1 for the first quarter of fiscal 2027 was $24.1 million, or $0.19 per share, as compared to non-GAAP adjusted net income1 of $7.0 million, or $0.06 per share, in the first quarter of fiscal 2026.

Non-GAAP adjusted EBITDA2 for the first quarter of fiscal 2027 was $42.5 million, representing year-over-year growth of 69% as compared to non-GAAP adjusted EBITDA2 for the first quarter of fiscal 2026 of $25.1 million.

Business Outlook

Based on information available as of August 4, 2026, the Company currently expects the following for fiscal year 2027:

•Revenue of between $650 million and $670 million

•Non-GAAP adjusted EBITDA2 of between $145 million and $155 million

It is not reasonably practicable to provide a business outlook for GAAP net income because the Company cannot reasonably estimate the changes in stock-based compensation expense, which is directly impacted by changes in the Company’s stock price, or other items that are difficult to predict with precision.

About Digital Turbine, Inc.

Digital Turbine empowers superior mobile consumer experiences and results for the world’s leading telcos, advertisers, and publishers. Its end-to-end platform uniquely simplifies its partners’ abilities to supercharge awareness, acquisition, and monetization – connecting them with more consumers, in more ways, across more devices. Digital Turbine is headquartered in North America, with offices around the world. For additional information visit www.digitalturbine.com.

Digital Turbine Reports Fiscal 2027 First Quarter Financial Results

August 4, 2026

Page 3

Conference Call

Management will host a conference call and webcast today at 4:30pm ET/1:30p PT to discuss its fiscal 2027 first quarter results and provide operational updates on the business. The conference call will discuss forward guidance and other material information. The call can be accessed online via the webcast link: https://app.webinar.net/BNq75NKRvay. The call can also be accessed by dialing 888-317-6003 in the United States (or 412-317-6061 from international locations) and entering access code 4141152. A live and archived webcast of the call can be accessed via the Investor Relations section of Digital Turbine’s website. The webcast will be archived for a period of one year and is available via the Investor Relations section of Digital Turbine’s website.

For those unable to join the live call, a playback will be available through August 11th, 2026. The replay can be accessed by dialing 855-669-9658 in the United States or 412-317-0088 from international locations, passcode 6108249.

An online webcast will be archived for a period of one year and is available via the Investor Relations section of Digital Turbine’s website.

Use of Non-GAAP Financial Measures

To supplement the Company’s consolidated financial statements presented in accordance with GAAP, Digital Turbine uses non-GAAP measures of certain components of financial performance. These non-GAAP measures include non-GAAP adjusted net income and earnings per share (“EPS”), non-GAAP adjusted EBITDA, non-GAAP free cash flow and non-GAAP gross profit. Reconciliations to the nearest GAAP measures of all non-GAAP measures included in this press release can be found in the tables below.

Non-GAAP measures are provided to enhance investors’ overall understanding of the Company’s current financial performance, prospects for the future and as a means to evaluate period-to-period comparisons. The Company believes that these non-GAAP measures provide meaningful supplemental information regarding financial performance by excluding certain expenses and benefits that may not be indicative of recurring core business operating results. The Company believes the non-GAAP measures that exclude such items when viewed in conjunction with GAAP results and the accompanying reconciliations enhance the comparability of results against prior periods and allow for greater transparency of financial results. The Company believes non-GAAP measures facilitate management’s internal comparison of its financial performance to that of prior periods as well as trend analysis for budgeting and planning purposes. The presentation of non-GAAP measures is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP.

1Non-GAAP adjusted net income (loss) and EPS are defined as GAAP net income (loss) and EPS adjusted to exclude the effect of the following, if any: stock-based compensation expense, amortization of intangibles, business transformation costs, transaction-related expenses, severance costs, changes in fair value of contingent consideration, contract settlement fees,

Digital Turbine Reports Fiscal 2027 First Quarter Financial Results

August 4, 2026

Page 4

impairment of goodwill, tax adjustments, (gain)/loss on extinguishment of debt, amortization of debt discount, issuance costs and exit and duration fees, unrealized (gain)/loss on derivatives, and other non-cash expense adjustments. The Company added (gain)/loss on extinguishment of debt, the amortization of debt discount, issuance costs and exit and duration fees, and unrealized (gain)/loss on derivatives due to their unusual nature and association with the Company’s specific August 29, 2025 debt refinance transaction and related issuance of warrants. The Company also excludes other non-cash expense adjustments as described in footnote 3 to the reconciliation of GAAP Net Income (Loss) to Non-GAAP Net Income below, as these items are one-time non-cash adjustments that are non-recurring in nature. Readers are cautioned that non-GAAP adjusted net income (loss) and EPS should not be construed as an alternative to comparable GAAP net income (loss) figures determined in accordance with U.S. GAAP as an indicator of profitability or performance, which is the most comparable measure under GAAP.

2Non-GAAP adjusted EBITDA is calculated as GAAP net income (loss) excluding the following cash and non-cash expenses, if any: stock-based compensation expense, depreciation and amortization, net interest income (expense), net other income (expense), business transformation costs, foreign exchange transaction gains (losses), income tax (benefit) provision, transaction-related expenses, contract settlement fees, changes in fair value of contingent consideration, impairment of goodwill, severance costs, (gain)/loss on extinguishment of debt, amortization of debt discount, issuance costs, and exit and duration fees, and unrealized (gain)/loss on derivatives. The Company added (gain)/loss on extinguishment of debt, the amortization of debt discount, issuance costs and exit and duration fees, and unrealized (gain)/loss on derivatives due to their unusual nature and association with the Company’s specific August 29, 2025 debt refinance transaction and related issuance of warrants. Non-GAAP adjusted EBITDA margin is calculated as non-GAAP adjusted EBITDA as a percentage of total revenue. Readers are cautioned that non-GAAP adjusted EBITDA should not be construed as an alternative to net income determined in accordance with U.S. GAAP as an indicator of performance, which is the most comparable measure under GAAP.

3Non-GAAP free cash flow, which is a non-GAAP financial measure, is defined as net cash provided by operating activities (as stated in our Consolidated Statements of Cash Flows), excluding the following, if any: transaction-related expenses, severance costs and business transformation costs, reduced by capital expenditures. Readers are cautioned that free cash flow should not be construed as an alternative to net cash provided by operating activities determined in accordance with U.S. GAAP as an indicator of profitability, performance or liquidity, which is the most comparable measure under GAAP.

4Non-GAAP gross profit is defined as GAAP income (loss) from operations adjusted to exclude the effect of the following, if any: product development costs, sales and marketing costs, general and administrative costs, contract settlement fees, impairment of goodwill and depreciation of software included in other direct costs of revenue. Readers are cautioned that non-GAAP gross profit should not be construed as an alternative to income from operations determined in accordance with U.S. GAAP as an indicator of profitability or performance, which is the most comparable measure under GAAP.

Digital Turbine Reports Fiscal 2027 First Quarter Financial Results

August 4, 2026

Page 5

Non-GAAP adjusted EBITDA, non-GAAP adjusted net income and EPS, non-GAAP free cash flow and non-GAAP gross profit are used by management as internal measures of profitability and performance. They have been included because the Company believes that the measures are used by certain investors to assess the Company’s financial performance before non-cash charges and certain costs that the Company does not believe are reflective of its underlying business.

Forward-Looking Statements

This news release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this news release that are not statements of historical fact and that concern future results from operations, financial position, economic conditions, product releases and any other statement that may be construed as a prediction of future performance or events, including financial projections and growth in various products are forward-looking statements that speak only as of the date made and which involve known and unknown risks, uncertainties and other factors which may, should one or more of these risks uncertainties or other factors materialize, cause actual results to differ materially from those expressed or implied by such statements. These factors and risks include:

Risks Specific to our Business

•We may not achieve the expected benefits of our transformation program and similar measures we take in the future, and our efforts may adversely affect our business.

•We have a history of net losses.

•We have a limited operating history for our current portfolio of assets.

•Our operations are global in scope, and we face added business, political, regulatory, legal, operational, financial, and economic risks as a result of our international operations.

•Our financial results could vary significantly from quarter-to-quarter and are difficult to predict.

•A significant portion of our revenue is derived from a limited number of wireless carriers and customers.

•The development and use of artificial intelligence (“AI”) in our business, combined with an uncertain regulatory environment, may adversely affect our business, reputation, financial condition, and results of operations.

•System security risks, data protection breaches, cyber-attacks, and systems integration issues could disrupt our business.

•Our business may involve the use, transmission, and storage of confidential information and personally identifiable information, and the failure to properly safeguard such information could result in significant reputational harm and monetary damages.

•The effects of the current and any future general downturns in the United States (“U.S”). and the global economy, including financial market disruptions.

•Our products, services, and systems rely on software that is highly technical, and if it contains errors or viruses, our business could be adversely affected.

•Our business and reputation could be impacted by information technology system failures and network disruptions

Digital Turbine Reports Fiscal 2027 First Quarter Financial Results

August 4, 2026

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•Our business may suffer if we are unable to hire and retain key talent.

•Our corporate culture has contributed to our success, and if we cannot maintain this culture, we could lose the innovation, creativity, passion, and teamwork that we believe contribute to our success and our business may be harmed.

•If we make future acquisitions, this could require significant management attention and disrupt our business.

•Adverse developments affecting the financial services industry, including events involving liquidity, defaults or non-performance, could adversely affect our business, financial condition, and results of operations.

•Entry into new lines of business, and our offering of new products and services, resulting from our investments may result in exposure to new risks.

•Litigation may harm our business.

Risks Related to the Mobile Advertising Industry

•The mobile advertising business is an intensely competitive industry, and we may not be able to compete successfully.

•The markets for our products and services are rapidly evolving and may decline or experience limited growth.

•Our business is dependent on the continued growth in usage of smartphones and other mobile connected devices.

•Wireless technologies are changing rapidly, and we may not be successful in working with these new technologies.

•The complexity of and incompatibilities among mobile devices may require us to use additional resources for the development of our products and services.

•If wireless subscribers do not continue to use their mobile devices to access mobile content and other applications, our business growth and future revenue may be adversely affected.

•A shift of technology platform by wireless carriers and mobile device manufacturers could lengthen the development period for our offerings, increase our costs, and cause our offerings to be published later than anticipated.

•Actual or perceived security vulnerabilities in devices or wireless networks could adversely affect our revenue.

•We may be subject to legal liability associated with providing mobile and online services.

•Risks of public health issues, such as a major epidemic or pandemic.

•Risk related to geopolitical conditions and the global economy, including conflicts, financial markets, inflation, global supply chain, and tariffs.

•Risk related to the geopolitical relationship between the U.S. and China or changes in China’s economic and regulatory landscape, including recent tariff increases and trade tensions.

Risks Related to Laws and Regulations

•We are subject to rapidly changing and increasingly stringent laws, regulations and contractual requirements related to privacy, data security, and protection of children.

Digital Turbine Reports Fiscal 2027 First Quarter Financial Results

August 4, 2026

Page 7

•We are subject to anti-bribery, anti-corruption, and similar laws, and non-compliance with such laws can subject us to criminal penalties or significant fines and harm our business and reputation.

•We are subject to governmental economic sanction requirements and export and import controls that could impair our ability to compete in international markets.

•Our ability to use our net operating losses, credits, and certain other tax attributes to offset future taxable income or taxes may be subject to certain limitations.

•Regulatory requirements pertaining to the marketing, advertising, and promotion of our products and services.

•Government regulation of our marketing methods could restrict or prevent our ability to adequately advertise and promote our content, products, and services available in certain jurisdictions.

Risks Related to Our Intellectual Property and Potential Liability

•Third parties may obtain and improperly use our intellectual property; and if so, our competitive position may be adversely affected, particularly if we do not, or are unable to, adequately protect our intellectual property rights.

•Third parties may sue us for intellectual property infringement, which may prevent or limit our use of the intellectual property and disrupt our business and could require us to pay significant damage awards.

•Our platform contains open source software.

•Indemnity provisions in various agreements potentially expose us to substantial liability for intellectual property infringement, damages caused by malicious software, and other losses.

Risks Relating to Our Common Stock and Capital Structure

•We have significant indebtedness, which could limit our financial flexibility.

•To service our debt and fund our other obligations and capital requirements, we will require a significant amount of cash, and our ability to generate cash will depend on many factors beyond our control.

•The market price of our common stock is likely to be highly volatile and subject to wide fluctuations, and you may be unable to resell your shares at or above the current price or the price at which you purchased your shares.

•Risk of not being able to raise capital to grow our business.

•Risk to trading volume of lack of securities or industry analysts research coverage.

•If our goodwill becomes impaired, we may be required to record significant charges to earnings.

•A material weakness in our internal control over financial reporting and disclosure controls and procedures could, if not remediated, result in material misstatements in our financial statements.

•Maintaining and improving financial controls and being a public company may strain resources.

•Anti-takeover provisions in our charter documents could make an acquisition of our company more difficult.

•Our bylaws designate Delaware as the exclusive forum for certain disputes.

Digital Turbine Reports Fiscal 2027 First Quarter Financial Results

August 4, 2026

Page 8

•Other risks described in the risk factors in Item 1A of Annual Report under the heading “Risk Factors.”

You should not place undue reliance on these forward-looking statements. The Company does not undertake to update forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Investor Relations Contact:

Brian Bartholomew

Digital Turbine, Inc.

brian.bartholomew@digitalturbine.com

SOURCE Digital Turbine, Inc.

Digital Turbine Reports Fiscal 2027 First Quarter Financial Results

August 4, 2026

Page 9

Digital Turbine, Inc. and Subsidiaries

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)

(in thousands, except share and per share amounts)

(Unaudited)

						Three Months Ended June 30,
						2026						2025
Net revenue						$	165,983					$	130,926
Costs of revenue and operating expenses
Revenue share						71,048						58,138
Other direct costs of revenue						12,964						10,804
Product development						10,590						10,147
Sales and marketing						15,333						13,589
General and administrative						32,987						42,909
Total costs of revenue and operating expenses						142,922						135,587
Income (loss) from operations						23,061						(4,661)
Interest and other expense, net
Interest expense, net						(12,890)						(9,954)
Unrealized loss on derivatives						(10,799)						—
Foreign exchange gain (loss)						681						(914)
Other expense, net						(921)						(668)
Total interest and other expense, net						(23,929)						(11,536)
Loss before income taxes						(868)						(16,197)
Income tax expense (benefit)						2,288						(2,093)
Net loss						(3,156)						(14,104)
Other comprehensive income (loss)
Foreign currency translation gain (loss)						(1,174)						4,200
Comprehensive loss						$	(4,330)					$	(9,904)
Net loss per common share
Basic						$	(0.03)					$	(0.13)
Diluted						$	(0.03)					$	(0.13)
Weighted average common shares outstanding
Basic						120,672						106,627
Diluted						120,672						106,627

Digital Turbine Reports Fiscal 2027 First Quarter Financial Results

August 4, 2026

Page 10

Digital Turbine, Inc. and Subsidiaries

Condensed Consolidated Balance Sheets

(in thousands, except par value and share amounts)

(Unaudited)

						June 30, 2026						March 31, 2026
ASSETS
Current assets
Cash, cash equivalents, and restricted cash						$	43,206					$	37,960
Accounts receivable, net						263,063						251,240
Prepaid expenses						6,734						6,060
Value-added tax receivable						3,192						4,461
Other current assets						17,077						12,149
Total current assets						333,272						311,870
Property and equipment, net						48,173						49,111
Right-of-use assets						8,145						7,739
Intangible assets, net						208,485						217,448
Goodwill						222,909						223,053
Other non-current assets						22,509						32,433
TOTAL ASSETS						$	843,493					$	841,654
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
Accounts payable						$	150,866					$	132,807
Accrued revenue share						85,755						87,215
Accrued compensation						12,310						22,408
Acquisition purchase price liabilities						436						436
Current portion of long-term debt						9,375						7,031
Other current liabilities						17,852						18,402
Total current liabilities						276,594						268,299
Long-term debt, net						343,488						353,932
Derivative liabilities						12,963						2,164
Deferred tax liabilities, net						14,531						15,818
Other non-current liabilities						5,325						9,280
Total liabilities						652,901						649,493
Commitments and contingencies
Stockholders’ equity
Series A convertible preferred stock at $0.0001 par value; 2,000,000 shares authorized, 100,000 issued and outstanding (liquidation preference of $1)						100						100
Common stock, $0.0001 par value: 200,000,000 shares authorized; 121,694,163 issued and 120,936,038 outstanding at June 30, 2026; 121,073,328 issued and 120,315,203 outstanding at March 31, 2026						10						10
Additional paid-in capital						971,823						969,062
Treasury stock (758,125 shares at June 30, 2026 and March 31, 2026)						(71)						(71)
Accumulated other comprehensive loss						(52,940)						(51,766)
Accumulated deficit						(728,330)						(725,174)
Total stockholders’ equity						190,592						192,161
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY						$	843,493					$	841,654

Digital Turbine Reports Fiscal 2027 First Quarter Financial Results

August 4, 2026

Page 11

Digital Turbine, Inc. and Subsidiaries

Condensed Consolidated Statements of Cash Flows

(in thousands)

(Unaudited)

						Three Months Ended June 30,
						2026						2025
Cash flows from operating activities:
Net loss						$	(3,156)					$	(14,104)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization						16,805						23,337
Amortization of debt discount, issuance costs, and exit and duration fees						1,600						1,154
Provision for credit losses on accounts receivable						277						788
Unrealized loss on derivatives						10,799						—
Foreign exchange transaction loss (gain)						(681)						914
Stock-based compensation expense						2,448						6,267
Non-cash adjustment of estimated liabilities acquired in a prior business combination						(8,173)						—
Fair value adjustment to non-marketable equity securities						9,281						—
Non-cash lease expense						869						790
Change in deferred income taxes						(1,259)						797
Changes in operating assets and liabilities:
Accounts receivable						(12,228)						(22,917)
Prepaid expenses						(681)						595
Value-added tax receivable						1,279						(368)
Other current assets						(4,612)						(727)
Right-of-use asset						—						(141)
Other non-current assets						278						291
Accounts payable						18,054						(26,939)
Accrued revenue share						(1,457)						44,493
Accrued compensation						(10,057)						2,112
Other current liabilities						(1,597)						(6,276)
Other non-current liabilities						70						(1,278)
Net cash provided by operating activities						17,859						8,788
Cash flows from investing activities
Proceeds from sale of assets						4,700						—
Capital expenditures						(6,679)						(7,616)
Net cash used in investing activities						(1,979)						(7,616)
Cash flows from financing activities
Payment of original debt discount						(5,000)						—
Payment of debt issuance costs						—						(9,298)
Payment of deferred business acquisition consideration						—						(534)
Repayment of debt obligations						(4,700)						(40)
Payment of withholding taxes for net share settlement of equity awards						(271)						(144)
Proceeds from options exercised						281						1,560
Net cash used in financing activities						(9,690)						(8,456)

Digital Turbine Reports Fiscal 2027 First Quarter Financial Results

August 4, 2026

Page 12

						Three Months Ended June 30,
						2026						2025
Effect of exchange rate changes on cash and cash equivalents and restricted cash						(944)						1,332
Net change in cash and cash equivalents and restricted cash						5,246						(5,952)
Cash and cash equivalents and restricted cash, beginning of period						37,960						40,084
Cash and cash equivalents and restricted cash, end of period						$	43,206					$	34,132
Reconciliation of cash, cash equivalents, and restricted cash
Cash and cash equivalents						$	42,930					$	33,427
Restricted cash						276						705
Total cash, cash equivalents, and restricted cash						$	43,206					$	34,132
Supplemental disclosure of cash flow information
Interest paid						$	11,585					$	8,665
Income taxes paid						$	7,506					$	3,066
Supplemental disclosure of non-cash investing and financing activities
Assets acquired not yet paid						$	128					$	326
Stock-based compensation included in capitalized software development costs						$	303					$	557
Fair value of unpaid contingent consideration in connection with business acquisitions						$	—					$	644

Net Revenue By Segment
(in thousands)
(Unaudited)
						Three Months Ended June 30,
						2026						2025						% Change
On Device Solutions						$	109,996					$	95,448					15		%
App Growth Platform						56,596						36,292						56
Elimination						(609)						(814)						(25)
Total net revenue						$	165,983					$	130,926					27		%

Digital Turbine Reports Fiscal 2027 First Quarter Financial Results

August 4, 2026

Page 13

GAAP Income (Loss) From Operations to Non-GAAP Gross Profit
(in thousands)
(Unaudited)
						Three Months Ended June 30,
						2026						2025
Income (loss) from operations						$	23,061					$	(4,661)
Add-back items:
Product development						10,590						10,147
Sales and marketing						15,333						13,589
General and administrative						32,987						42,909
Non-GAAP gross profit						$	81,971					$	61,984
Non-GAAP gross profit percentage						49		%				47		%
GAAP Net Income (Loss) to Non-GAAP Adjusted Net Income
(in thousands)
(Unaudited)
						Three Months Ended June 30,
						2026						2025
Net loss						$	(3,156)					$	(14,104)
Add-back items:
Stock-based compensation expense						2,448						6,267
Amortization of intangibles						8,866						13,451
Tax adjustment(1)						2,288						—
Business transformation costs						—						31
Severance costs						156						164
Amortization of debt discount, issuance costs, and exit and duration fees(2)						1,600						1,154
Other non-cash expense, net(3)						1,108						—
Unrealized loss on derivatives						10,799						—
Non-GAAP adjusted net income						$	24,109					$	6,963
Non-GAAP adjusted net income per common share						$	0.19					$	0.06
Weighted average common shares outstanding, diluted						125,593						109,989
________
(1) Valuation allowance
(2) During the fiscal year ended March 31, 2026, the Company revised its non-GAAP definitions to include non-cash interest expense. Prior-period presentations for the three months and year ended March 31, 2025, have been recast to conform to the current period presentation.
(3) During the three months ended June 30, 2026, the Company recorded a non-cash fair value adjustment of $9,281 relating to the revaluation of a non-marketable, strategic equity investment, partially offset by a non-cash adjustment of $8,173 resulting from the release of estimated liabilities assumed in connection with a prior business combination.

Digital Turbine Reports Fiscal 2027 First Quarter Financial Results

August 4, 2026

Page 14

GAAP Net Income (Loss) to Non-GAAP Adjusted EBITDA
(in thousands)
(Unaudited)
						Three Months Ended June 30,
						2026						2025
Net loss						$	(3,156)					$	(14,104)
Add-back items:
Stock-based compensation expense						2,448						6,267
Depreciation and amortization						16,805						23,337
Interest expense, net						12,890						9,954
Other expense, net						921						668
Business transformation costs						—						31
Foreign exchange transaction gain						(681)						914
Income tax expense (benefit)						2,288						(2,093)
Severance costs						156						164
Unrealized loss on derivatives						10,799						—
Non-GAAP adjusted EBITDA						$	42,470					$	25,138

GAAP Cash Flow From Operating Activities to Non-GAAP Free Cash Flow
(in thousands)
(Unaudited)
						Three Months Ended June 30,
						2026						2025
Net cash provided by operating activities						$	17,859					$	8,788
Capital expenditures						(6,679)						(7,616)
Severance costs						156						164
Business transformation costs						—						31
Non-GAAP free cash flow provided by (used in) operations						$	11,336					$	1,367

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