Digital Turbine (NASDAQ: APPS) boosts 2026 EBITDA 69% and guides 2027 revenue up
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Digital Turbine reported strong fiscal 2026 growth but remained loss-making on a GAAP basis. Fourth-quarter net revenue was $142.5 million, up 20% year over year, with non-GAAP adjusted EBITDA of $31.4 million, up 53%. Q4 GAAP net loss narrowed to $7.3 million, or ($0.06) per share, while non-GAAP adjusted net income rose to $19.7 million, or $0.16 per share.
For fiscal 2026, revenue reached $565.3 million, up 15%, and non-GAAP adjusted EBITDA grew 69% to $122.5 million. The GAAP net loss improved to $37.7 million from $92.1 million. Management guided fiscal 2027 revenue to $630–$650 million and non-GAAP adjusted EBITDA to $135–$145 million, signaling expectations for continued double-digit growth and margin expansion.
Positive
- Strong growth and profitability improvement: Fiscal 2026 revenue grew 15% to $565.3 million while non-GAAP adjusted EBITDA rose 69% to $122.5 million, and GAAP net loss narrowed significantly from $92.1 million to $37.7 million.
- Confident 2027 outlook: Management guided fiscal 2027 revenue to $630–$650 million and non-GAAP adjusted EBITDA to $135–$145 million, indicating expectations for continued double-digit growth and margin expansion.
Negative
- Ongoing GAAP losses and high interest burden: Despite improvement, the company posted a $37.7 million GAAP net loss in fiscal 2026 and incurred $58.6 million of interest expense, reflecting leverage that weighs on bottom-line results.
Insights
Revenue growth, margin expansion, and upbeat 2027 guidance mark a strong turnaround trajectory.
Digital Turbine delivered fiscal 2026 net revenue of $565.3 million, up 15%, with non-GAAP adjusted EBITDA up 69% to $122.5 million. Q4 revenue grew 20%, and non-GAAP adjusted EBITDA rose 53%, indicating meaningful operating leverage.
GAAP net loss improved to $37.7 million from $92.1 million, but interest expense of $58.6 million and continued losses show the capital structure remains a constraint. Segment data highlight faster growth in the App Growth Platform, up 57% in Q4 revenue, versus 5% for On Device Solutions.
Management’s fiscal 2027 outlook for revenue of $630–$650 million and non-GAAP adjusted EBITDA of $135–$145 million implies ongoing double-digit top-line growth and further margin gains. Actual performance will depend on execution, demand trends in mobile advertising, and managing debt service costs.
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
Q4 2026 net revenue: $142.5 million
Q4 2026 non-GAAP adjusted EBITDA: $31.4 million
Fiscal 2026 net revenue: $565.3 million
+5 more
8 metrics
Q4 2026 net revenue
$142.5 million
Quarter ended March 31, 2026; 20% year-over-year growth
Q4 2026 non-GAAP adjusted EBITDA
$31.4 million
Quarter ended March 31, 2026; 53% year-over-year growth
Fiscal 2026 net revenue
$565.3 million
Year ended March 31, 2026; 15% year-over-year growth
Fiscal 2026 GAAP net loss
$37.7 million
Year ended March 31, 2026; improved from $92.1 million loss in 2025
Fiscal 2026 non-GAAP adjusted EBITDA
$122.5 million
Year ended March 31, 2026; 69% year-over-year growth
Fiscal 2027 revenue guidance
$630–$650 million
Company outlook provided May 26, 2026
Fiscal 2027 non-GAAP EBITDA guidance
$135–$145 million
Company outlook provided May 26, 2026
Fiscal 2026 interest expense, net
$58.6 million
Year ended March 31, 2026; reflects debt service costs
Key Terms
non-GAAP adjusted EBITDA, non-GAAP adjusted net income, free cash flow, forward-looking statements, +2 more
6 terms
non-GAAP adjusted EBITDA financial
"Fourth Quarter Non-GAAP Adjusted EBITDA2 Totaled $31.4 Million, Representing Year-over-Year Growth of 53%"
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 adjusted net income financial
"Fourth Quarter Non-GAAP Adjusted Net Income1 of $19.7 Million and Non-GAAP Adjusted EPS1 of $0.16"
A company’s non-GAAP adjusted net income is its reported profit after management removes certain expenses or gains that it considers one-time, nonrecurring, or not part of core operations (for example, restructuring costs or stock-based pay). Investors watch it as an attempt to show the company’s ongoing earning power — like looking at a cleaned-up weekly budget — but because companies choose what to exclude, it’s important to compare the underlying details rather than the headline number alone.
free cash flow financial
"Non-GAAP free cash flow, which is a non-GAAP financial measure, is defined as net cash provided by operating activities..."
Free cash flow is the amount of money a company has left over after paying all its expenses and investing in its business, like buying equipment or updating facilities. It shows how much cash is available to reward shareholders, pay down debt, or save for future growth. This helps investors understand if a company is financially healthy and able to grow.
forward-looking statements regulatory
"This news release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933..."
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
contingent consideration financial
"Change in fair value of contingent consideration"
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.
loss on extinguishment of debt financial
"Loss on extinguishment of debt | | — | | | — | | | 9,795 |"
Loss on extinguishment of debt is the accounting hit a company records when it retires or restructures a loan or bond for an amount that exceeds the debt’s recorded value—like paying more than the remaining balance to settle a loan early. It matters to investors because it reduces reported profit and can use cash, but may also cut future interest costs or signal financial stress; understanding it helps assess earnings quality and balance-sheet strength.
Earnings Snapshot
Q4 2026 net revenue: $142.5 million · Guidance included
Q4 and Fiscal 2026
Q4 2026 net revenue
$142.5 million
20% year-over-year growth
Q4 2026 non-GAAP adjusted EPS
$0.16
up from $0.10 in Q4 2025
Fiscal 2026 net revenue
$565.3 million
15% year-over-year growth
Fiscal 2026 non-GAAP adjusted EBITDA
$122.5 million
69% year-over-year growth
Guidance
For fiscal 2027, the company expects revenue between $630 million and $650 million and non-GAAP adjusted EBITDA between $135 million and $145 million.
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): May 26, 2026
(Exact Name of Registrant as Specified in Its Charter)
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||||||||
| (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 | ||||||
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 May 26, 2026, Digital Turbine, Inc. ("the Company") issued a press release announcing financial results for the quarter ended March 31, 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 May 26, 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.
May 26, 2026 | Digital Turbine, Inc. | |||||||
| By: | /s/ Stephen Andrew Lasher | |||||||
| Stephen Andrew Lasher | ||||||||
| Executive Vice President & Chief Financial Officer | ||||||||
Digital Turbine Reports Fiscal 2026 Fourth Quarter and Fiscal Year 2026 Financial Results
Fourth Quarter Net Revenue Totaled $142.5 Million, Representing Year-over-Year Growth of 20%
Fourth Quarter GAAP Net Loss of $7.3 Million and GAAP EPS of ($0.06); Fourth Quarter Non-GAAP Adjusted Net Income1 of $19.7 Million and Non-GAAP Adjusted EPS1 of $0.16
Fourth Quarter Non-GAAP Adjusted EBITDA2 Totaled $31.4 Million, Representing Year-over-Year Growth of 53%
Fiscal Year 2026 Net Revenue Totaled $565.3 Million, Representing Year-over-Year Growth of 15%
Fiscal Year 2026 GAAP Net Loss of $37.7 Million and GAAP EPS of ($0.33); Fiscal Year 2026 Non-GAAP Adjusted Net Income1 of $64.9 Million and Non-GAAP Adjusted EPS1 of $0.56
Fiscal Year 2026 Non-GAAP Adjusted EBITDA2 Totaled $122.5 Million, Representing Year-over-Year Growth of 69%
Austin, TX – May 26, 2026 – Digital Turbine, Inc. (Nasdaq: APPS) announced financial results for the fiscal fourth quarter and fiscal year ended March 31, 2026.
Recent Financial Highlights:
•Fiscal fourth quarter of 2026 revenue totaled $142.5 million, representing an increase of 20% year-over-year as compared to the fiscal fourth quarter of 2025.
•GAAP net loss for the fiscal fourth quarter of 2026 was $7.3 million, or ($0.06) per share. Non-GAAP adjusted net income1 for the fiscal fourth quarter of 2026 was $19.7 million, or $0.16 per share, as compared to non-GAAP adjusted net income1 of $11.3 million, or $0.10 per share, in the fiscal fourth quarter of 2025.
•Non-GAAP adjusted EBITDA2 for the fiscal fourth quarter of 2026 was $31.4 million, representing an increase of 53% year-over-year as compared to non-GAAP adjusted EBITDA2 of $20.5 million in the fiscal fourth quarter of 2025.
•Fiscal year 2026 revenue totaled $565.3 million, representing an increase of 15% as compared to fiscal year 2025.
•Fiscal year 2026 GAAP net loss was $37.7 million, or ($0.33) per share. Fiscal year 2026 non-GAAP adjusted net income1 was $64.9 million, or $0.56 per share.
•Fiscal year 2026 non-GAAP adjusted EBITDA2 was $122.5 million, representing an increase of 69% as compared to fiscal year 2025.
Digital Turbine Reports Fiscal 2026 Fourth Quarter and Fiscal Year 2026 Financial Results
May 26, 2026
Page 2
“Fiscal 2026 was a successful year for Digital Turbine. Emboldened by our upside financial performance and ongoing business momentum, we are pleased to provide guidance above current estimates for fiscal 2027,” said Bill Stone, CEO. “I am extremely proud of the Company’s overall execution, as we returned the business to double-digit revenue and adjusted EBITDA growth with notable gross margin expansion, while simultaneously strengthening the balance sheet and strategically positioning the Company for the future. One of the key factors for our markedly improved performance has been our ability to more effectively utilize our unique first-party data in order to drive better results for our rapidly expanding global network of advertisers, publishers, carriers and OEMs. Our ability to leverage valuable new AI tools and partnerships to maximize the value of our extensive data array has been, and will continue to be, a meaningful contributor to growth.”
Fiscal 2026 Fourth Quarter Financial Results
Total net revenue for the fourth quarter of fiscal 2026 was $142.5 million, representing year-over-year growth of 20% as compared to net revenue of $119.2 million for the fourth quarter of fiscal 2025. Total On Device Solutions net revenue before intercompany eliminations was $91.0 million, representing year-over-year growth of 5%. Total App Growth Platform net revenue before intercompany eliminations was $52.1 million, representing year-over year growth of 57%.
GAAP net loss for the fourth quarter of fiscal 2026 was $7.3 million, or ($0.06) per share, as compared to GAAP net loss for the fourth quarter of fiscal 2025 of $18.8 million, or ($0.18) per share.
Non-GAAP adjusted net income1 for the fourth quarter of fiscal 2026 was $19.7 million, or $0.16 per share, as compared to non-GAAP adjusted net income1 of $11.3 million, or $0.10 per share, in the fourth quarter of fiscal 2025.
Non-GAAP adjusted EBITDA2 for the fourth quarter of fiscal 2026 was $31.4 million, representing year-over-year growth of 53% as compared to non-GAAP adjusted EBITDA2 for the fourth quarter of fiscal 2025 of $20.5 million.
Full Year Fiscal 2026 Financial Results
Total net revenue for fiscal 2026 was $565.3 million, representing year-over-year growth of 15% as compared to total revenue of $490.5 million for fiscal 2025.
GAAP net loss for fiscal 2026 was $37.7 million, or ($0.33) per share, as compared to GAAP net loss for fiscal 2025 of $92.1 million, or ($0.89) per share.
Non-GAAP adjusted net income1 for fiscal 2026 was $64.9 million, or $0.56 per share, as compared to non-GAAP adjusted net income1 for fiscal 2025 of $38.7 million, or $0.37 per share.
Non-GAAP adjusted EBITDA2 for fiscal 2026 was $122.5 million, representing year-over-year growth of 69% as compared to fiscal 2025 non-GAAP adjusted EBITDA2 of $72.3 million.
Digital Turbine Reports Fiscal 2026 Fourth Quarter and Fiscal Year 2026 Financial Results
May 26, 2026
Page 3
Business Outlook
Based on information available as of May 26, 2026, the Company currently expects the following for fiscal year 2027 :
•Revenue of between $630 million and $650 million
•Non-GAAP adjusted EBITDA2 of between $135 million and $145 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.
Conference Call
Management will host a conference call and webcast today at 4:30p.m. ET to discuss its fourth quarter and fiscal 2026 financial 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/W6z15Q47g98. 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 6034141. 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 June 2nd, 2026. The replay can be accessed by dialing 855-669-9658 in the United States or 412-317-0088 from international locations, passcode 2613496.
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
Digital Turbine Reports Fiscal 2026 Fourth Quarter and Fiscal Year 2026 Financial Results
May 26, 2026
Page 4
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, impairment of goodwill, tax adjustments, (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. 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
Digital Turbine Reports Fiscal 2026 Fourth Quarter and Fiscal Year 2026 Financial Results
May 26, 2026
Page 5
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.
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.
Digital Turbine Reports Fiscal 2026 Fourth Quarter and Fiscal Year 2026 Financial Results
May 26, 2026
Page 6
•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
•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.
Digital Turbine Reports Fiscal 2026 Fourth Quarter and Fiscal Year 2026 Financial Results
May 26, 2026
Page 7
•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.
Industry Regulatory Risks
•We are subject to rapidly changing and increasingly stringent laws, regulations and contractual requirements related to privacy, data security, and protection of children.
•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.
Digital Turbine Reports Fiscal 2026 Fourth Quarter and Fiscal Year 2026 Financial Results
May 26, 2026
Page 8
•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.
•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 2026 Fourth Quarter and Fiscal Year 2026 Financial Results
May 26, 2026
Page 9
Digital Turbine, Inc. and Subsidiaries
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)
(Unaudited)
(in thousands, except share and per share amounts)
Three Months Ended March 31, | Year Ended March 31, | |||||||||||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | |||||||||||||||||||||||
| Net revenue | $ | 142,549 | $ | 119,152 | $ | 565,251 | $ | 490,506 | ||||||||||||||||||
| Costs of revenue and operating expenses | ||||||||||||||||||||||||||
| Revenue share | 57,982 | 53,195 | 243,638 | 235,287 | ||||||||||||||||||||||
| Other direct costs of revenue | 12,720 | 9,359 | 46,971 | 34,541 | ||||||||||||||||||||||
| Product development | 9,458 | 9,114 | 40,476 | 39,464 | ||||||||||||||||||||||
| Sales and marketing | 15,639 | 14,014 | 58,000 | 61,642 | ||||||||||||||||||||||
| General and administrative | 36,235 | 45,162 | 142,124 | 173,647 | ||||||||||||||||||||||
| Total costs of revenue and operating expenses | 132,034 | 130,844 | 531,209 | 544,581 | ||||||||||||||||||||||
| Income (loss) from operations | 10,515 | (11,692) | 34,042 | (54,075) | ||||||||||||||||||||||
| Interest and other income (expense), net | ||||||||||||||||||||||||||
| Change in fair value of contingent consideration | — | — | (231) | (300) | ||||||||||||||||||||||
| Interest expense, net | (16,782) | (8,855) | (58,580) | (34,783) | ||||||||||||||||||||||
| Unrealized gain on derivatives | 2,239 | — | 1,504 | — | ||||||||||||||||||||||
| Foreign exchange transaction gain | 499 | 418 | 3,536 | 1,297 | ||||||||||||||||||||||
| Loss on extinguishment of debt | — | — | (9,795) | — | ||||||||||||||||||||||
| Other expense, net | (15) | (24) | (1,816) | (3) | ||||||||||||||||||||||
| Total interest and other expense, net | (14,059) | (8,461) | (65,382) | (33,789) | ||||||||||||||||||||||
| Loss before income taxes | (3,544) | (20,153) | (31,340) | (87,864) | ||||||||||||||||||||||
| Income tax expense (benefit) | 3,796 | (1,327) | 6,392 | 4,235 | ||||||||||||||||||||||
| Net loss | (7,340) | (18,826) | (37,732) | (92,099) | ||||||||||||||||||||||
| Other comprehensive income | ||||||||||||||||||||||||||
| Foreign currency translation gain (loss) | 802 | 826 | (462) | (2,349) | ||||||||||||||||||||||
| Comprehensive loss | $ | (6,538) | $ | (18,000) | $ | (38,194) | $ | (94,448) | ||||||||||||||||||
| Net loss per common share | ||||||||||||||||||||||||||
| Basic | $ | (0.06) | $ | (0.18) | $ | (0.33) | $ | (0.89) | ||||||||||||||||||
| Diluted | $ | (0.06) | $ | (0.18) | $ | (0.33) | $ | (0.89) | ||||||||||||||||||
| Weighted average common shares outstanding | ||||||||||||||||||||||||||
| Basic | 120,048 | 105,427 | 112,923 | 103,747 | ||||||||||||||||||||||
| Diluted | 120,048 | 105,427 | 112,923 | 103,747 | ||||||||||||||||||||||
Digital Turbine Reports Fiscal 2026 Fourth Quarter and Fiscal Year 2026 Financial Results
May 26, 2026
Page 10
Digital Turbine, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets
(Unaudited)
(in thousands, except par value and share amounts)
| March 31, | ||||||||||||||
| 2026 | 2025 | |||||||||||||
| ASSETS | ||||||||||||||
| Current assets | ||||||||||||||
| Cash, cash equivalents, and restricted cash | $ | 37,960 | $ | 40,084 | ||||||||||
| Accounts receivable, net | 251,240 | 181,770 | ||||||||||||
| Prepaid expenses | 6,060 | 6,923 | ||||||||||||
| Value-added tax receivable | 4,461 | 8,291 | ||||||||||||
| Other current assets | 12,149 | 5,711 | ||||||||||||
| Total current assets | 311,870 | 242,779 | ||||||||||||
| Property and equipment, net | 49,111 | 46,966 | ||||||||||||
| Right-of-use assets | 7,739 | 9,924 | ||||||||||||
| Intangible assets, net | 217,448 | 257,697 | ||||||||||||
| Goodwill | 223,053 | 221,741 | ||||||||||||
| Other non-current assets | 32,433 | 33,747 | ||||||||||||
| TOTAL ASSETS | $ | 841,654 | $ | 812,854 | ||||||||||
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||||||||||||||
| Current liabilities | ||||||||||||||
| Accounts payable | $ | 132,807 | $ | 139,944 | ||||||||||
| Accrued revenue share | 87,215 | 35,264 | ||||||||||||
| Accrued compensation | 22,408 | 7,503 | ||||||||||||
| Acquisition purchase price liabilities | 436 | 1,697 | ||||||||||||
| Current portion of long-term debt | 7,031 | — | ||||||||||||
| Other current liabilities | 18,402 | 38,118 | ||||||||||||
| Total current liabilities | 268,299 | 222,526 | ||||||||||||
| Long-term debt, net | 353,932 | 408,687 | ||||||||||||
| Derivative liabilities | 2,164 | — | ||||||||||||
| Deferred tax liabilities, net | 15,818 | 16,308 | ||||||||||||
| Other non-current liabilities | 9,280 | 11,375 | ||||||||||||
| Total liabilities | 649,493 | 658,896 | ||||||||||||
| Commitments and contingencies | ||||||||||||||
| Stockholders’ equity | ||||||||||||||
| Preferred stock | ||||||||||||||
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; 121,073,328 issued and 120,315,203 outstanding at March 31, 2026; 106,735,767 issued and 105,977,642 outstanding at March 31, 2025 | 10 | 10 | ||||||||||||
| Additional paid-in capital | 969,062 | 892,665 | ||||||||||||
Treasury stock (758,125 shares at March 31, 2026 and March 31, 2025) | (71) | (71) | ||||||||||||
| Accumulated other comprehensive loss | (51,766) | (51,304) | ||||||||||||
| Accumulated deficit | (725,174) | (687,442) | ||||||||||||
| Total stockholders’ equity | 192,161 | 153,958 | ||||||||||||
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $ | 841,654 | $ | 812,854 | ||||||||||
Digital Turbine Reports Fiscal 2026 Fourth Quarter and Fiscal Year 2026 Financial Results
May 26, 2026
Page 11
Digital Turbine, Inc. and Subsidiaries
Condensed Consolidated Statements of Cash Flows
(Unaudited)
(in thousands)
Three Months Ended March 31, | Year ended March 31, | |||||||||||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | |||||||||||||||||||||||
| Cash flows from operating activities: | ||||||||||||||||||||||||||
| Net loss | $ | (7,340) | $ | (18,826) | $ | (37,732) | $ | (92,099) | ||||||||||||||||||
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||||||||||||||||||||||||||
| Depreciation and amortization | 16,684 | 23,126 | 71,452 | 82,910 | ||||||||||||||||||||||
| Amortization of debt discount, issuance costs, and exit and duration fees | 5,994 | 545 | 13,933 | 1,835 | ||||||||||||||||||||||
| Provision for credit losses on accounts receivable | 44 | 623 | 233 | 2,767 | ||||||||||||||||||||||
| Unrealized gain on derivatives | (2,239) | — | (1,504) | — | ||||||||||||||||||||||
| Foreign exchange transaction gain | (499) | (418) | (3,536) | (1,297) | ||||||||||||||||||||||
| Stock-based compensation expense | 4,142 | 8,126 | 16,355 | 33,543 | ||||||||||||||||||||||
| Loss on extinguishment of debt | — | — | 9,795 | — | ||||||||||||||||||||||
| Change in fair value of contingent consideration | — | — | 231 | 300 | ||||||||||||||||||||||
| Non-cash lease expense | 895 | 788 | 3,502 | 3,179 | ||||||||||||||||||||||
Change in deferred income taxes | 4,232 | 1,298 | (654) | (4,054) | ||||||||||||||||||||||
| Changes in operating assets and liabilities: | ||||||||||||||||||||||||||
| Accounts receivable | (6,150) | 16,847 | (70,192) | 5,823 | ||||||||||||||||||||||
| Prepaid expenses | 1,442 | (18) | 922 | 777 | ||||||||||||||||||||||
| Value-added tax receivable | 6,089 | (640) | 4,386 | (3,570) | ||||||||||||||||||||||
| Other current assets | 3,587 | (423) | (4,848) | 613 | ||||||||||||||||||||||
| Right-of-use asset | (1,149) | 108 | (1,061) | (3,928) | ||||||||||||||||||||||
| Other non-current assets | 786 | 237 | 1,814 | 939 | ||||||||||||||||||||||
| Accounts payable | 5,563 | (7,961) | (7,183) | (19,345) | ||||||||||||||||||||||
| Accrued revenue share | (6,908) | 927 | 51,827 | 1,418 | ||||||||||||||||||||||
| Accrued compensation | 4,987 | (1,081) | 14,767 | 298 | ||||||||||||||||||||||
| Other current liabilities | (26,103) | (10,007) | (21,415) | 2,410 | ||||||||||||||||||||||
| Other non-current liabilities | 324 | (1,743) | 713 | (639) | ||||||||||||||||||||||
| Net cash provided by operating activities | 4,381 | 11,508 | 41,805 | 11,880 | ||||||||||||||||||||||
| Cash flows from investing activities | ||||||||||||||||||||||||||
| Capital expenditures | (7,447) | (6,944) | (30,619) | (27,477) | ||||||||||||||||||||||
| Net cash used in investing activities | (7,447) | (6,944) | (30,619) | (27,477) | ||||||||||||||||||||||
| Cash flows from financing activities | ||||||||||||||||||||||||||
| Proceeds from borrowings, net of original issue discount | — | — | 418,700 | 38,000 | ||||||||||||||||||||||
| Payment of debt issuance costs | — | — | (20,486) | (1,627) | ||||||||||||||||||||||
| Payment of deferred business acquisition consideration | (106) | — | (1,263) | — | ||||||||||||||||||||||
| Repayment of debt obligations | — | — | (466,000) | (13,000) | ||||||||||||||||||||||
| Proceeds from issuance of common stock in connection with at-the-market offering, net of issuance costs of $1,337 | — | — | 56,809 | — | ||||||||||||||||||||||
| Payment of withholding taxes for net share settlement of equity awards | (432) | (234) | (937) | (465) | ||||||||||||||||||||||
| Proceeds from options exercised | 6 | 270 | 2,313 | 373 | ||||||||||||||||||||||
| Net cash provided by (used in) financing activities | (532) | 36 | (10,864) | 23,281 | ||||||||||||||||||||||
Digital Turbine Reports Fiscal 2026 Fourth Quarter and Fiscal Year 2026 Financial Results
May 26, 2026
Page 12
Three Months Ended March 31, | Year Ended March 31, | |||||||||||||||||||||||||
2026 | 2025 | 2026 | 2025 | |||||||||||||||||||||||
| Effect of exchange rate changes on cash and cash equivalents and restricted cash | 1,135 | 170 | (2,446) | (1,205) | ||||||||||||||||||||||
| Net change in cash and cash equivalents and restricted cash | (2,463) | 4,770 | (2,124) | 6,479 | ||||||||||||||||||||||
| Cash and cash equivalents and restricted cash, beginning of period | 40,423 | 35,314 | 40,084 | 33,605 | ||||||||||||||||||||||
| Cash and cash equivalents and restricted cash, end of period | $ | 37,960 | $ | 40,084 | $ | 37,960 | $ | 40,084 | ||||||||||||||||||
| Reconciliation of cash, cash equivalents, and restricted cash | ||||||||||||||||||||||||||
| Cash and cash equivalents | $ | 37,719 | $ | 39,393 | $ | 37,719 | $ | 39,393 | ||||||||||||||||||
| Restricted cash | $ | 241 | $ | 691 | $ | 241 | $ | 691 | ||||||||||||||||||
| Total cash, cash equivalents, and restricted cash | $ | 37,960 | $ | 40,084 | $ | 37,960 | $ | 40,084 | ||||||||||||||||||
| Supplemental disclosure of cash flow information | ||||||||||||||||||||||||||
| Interest paid | $ | 11,061 | $ | 7,986 | $ | 47,088 | $ | 35,583 | ||||||||||||||||||
| Income taxes paid | $ | 14,193 | $ | 5,592 | $ | 26,295 | $ | 7,150 | ||||||||||||||||||
| Supplemental disclosure of non-cash investing and financing activities | ||||||||||||||||||||||||||
| Assets acquired not yet paid | $ | 233 | $ | 519 | $ | 233 | $ | 519 | ||||||||||||||||||
| Stock-based compensation included in capitalized software development costs | $ | 382 | $ | 232 | $ | 1,857 | $ | 1,024 | ||||||||||||||||||
| Fair value of unpaid contingent consideration in connection with business acquisitions | $ | — | $ | 1,664 | $ | — | $ | 1,664 | ||||||||||||||||||
| Net Revenue By Segment | ||||||||||||||||||||||||||||||||||||||
| (in thousands) | ||||||||||||||||||||||||||||||||||||||
| (Unaudited) | ||||||||||||||||||||||||||||||||||||||
Three Months Ended March 31, | Year Ended March 31, | |||||||||||||||||||||||||||||||||||||
| 2026 | 2025 | % Change | 2026 | 2025 | % Change | |||||||||||||||||||||||||||||||||
| On Device Solutions | $ | 90,961 | $ | 86,832 | 5 | % | $ | 382,429 | $ | 341,632 | 12 | % | ||||||||||||||||||||||||||
| App Growth Platform | 52,149 | 33,250 | 57 | % | 185,742 | 153,229 | 21 | % | ||||||||||||||||||||||||||||||
| Elimination | (561) | (930) | (40) | % | (2,920) | (4,355) | (33) | % | ||||||||||||||||||||||||||||||
| Total net revenue | $ | 142,549 | $ | 119,152 | 20 | % | $ | 565,251 | $ | 490,506 | 15 | % | ||||||||||||||||||||||||||
Digital Turbine Reports Fiscal 2026 Fourth Quarter and Fiscal Year 2026 Financial Results
May 26, 2026
Page 13
| GAAP Income (Loss) From Operations to Non-GAAP Gross Profit | ||||||||||||||||||||||||||
| (in thousands) | ||||||||||||||||||||||||||
| (Unaudited) | ||||||||||||||||||||||||||
Three Months Ended March 31, | Year Ended March 31, | |||||||||||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | |||||||||||||||||||||||
| Income (loss) from operations | $ | 10,515 | $ | (11,692) | $ | 34,042 | $ | (54,075) | ||||||||||||||||||
| Add-back items: | ||||||||||||||||||||||||||
| Product development | 9,458 | 9,114 | 40,476 | 39,464 | ||||||||||||||||||||||
| Sales and marketing | 15,639 | 14,014 | 58,000 | 61,642 | ||||||||||||||||||||||
| General and administrative | 36,235 | 45,162 | 142,124 | 173,647 | ||||||||||||||||||||||
| Depreciation of software included in other direct costs of revenue | — | 6 | — | 208 | ||||||||||||||||||||||
| Contract settlement fees | — | — | — | 3,800 | ||||||||||||||||||||||
| Non-GAAP gross profit | $ | 71,847 | $ | 56,604 | $ | 274,642 | $ | 224,686 | ||||||||||||||||||
| Non-GAAP gross profit percentage | 50 | % | 48 | % | 49 | % | 46 | % | ||||||||||||||||||
| GAAP Net Income (Loss) to Non-GAAP Adjusted Net Income | ||||||||||||||||||||||||||
| (in thousands) | ||||||||||||||||||||||||||
| (Unaudited) | ||||||||||||||||||||||||||
Three Months Ended March 31, | Year Ended March 31, | |||||||||||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | |||||||||||||||||||||||
| Net loss | $ | (7,340) | $ | (18,826) | $ | (37,732) | $ | (92,099) | ||||||||||||||||||
| Add-back items: | ||||||||||||||||||||||||||
| Stock-based compensation expense | 4,142 | 8,126 | 16,355 | 33,543 | ||||||||||||||||||||||
| Amortization of intangibles | 8,868 | 13,429 | 41,598 | 55,612 | ||||||||||||||||||||||
| Change in fair value of contingent consideration | — | — | 231 | 300 | ||||||||||||||||||||||
Tax adjustment(1) | 10,240 | 7,165 | 21,589 | 29,551 | ||||||||||||||||||||||
| Business transformation costs | — | 84 | 31 | 2,060 | ||||||||||||||||||||||
| Transaction-related expenses | — | 152 | — | 359 | ||||||||||||||||||||||
| Severance costs | 53 | 666 | 595 | 3,711 | ||||||||||||||||||||||
| Contract settlement fees | — | — | — | 3,800 | ||||||||||||||||||||||
Amortization of debt discount, issuance costs, and exit and duration fees(2) | 5,994 | 536 | 13,933 | 1,826 | ||||||||||||||||||||||
| Loss on extinguishment of debt | — | — | 9,795 | — | ||||||||||||||||||||||
| Unrealized gain on derivatives | (2,239) | — | (1,504) | — | ||||||||||||||||||||||
| Non-GAAP adjusted net income | $ | 19,718 | $ | 11,332 | $ | 64,891 | $ | 38,663 | ||||||||||||||||||
| Non-GAAP adjusted net income per common share | $ | 0.16 | $ | 0.10 | $ | 0.56 | $ | 0.37 | ||||||||||||||||||
| Weighted average common shares outstanding, diluted | 122,791 | 108,150 | 116,776 | 105,810 | ||||||||||||||||||||||
| ________ | ||||||||||||||||||||||||||
| (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. | ||||||||||||||||||||||||||
Digital Turbine Reports Fiscal 2026 Fourth Quarter and Fiscal Year 2026 Financial Results
May 26, 2026
Page 14
| GAAP Net Income (Loss) to Non-GAAP Adjusted EBITDA | ||||||||||||||||||||||||||
| (in thousands) | ||||||||||||||||||||||||||
| (Unaudited) | ||||||||||||||||||||||||||
Three Months Ended March 31, | Year Ended March 31, | |||||||||||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | |||||||||||||||||||||||
| Net loss | $ | (7,340) | $ | (18,826) | $ | (37,732) | $ | (92,099) | ||||||||||||||||||
| Add-back items: | ||||||||||||||||||||||||||
| Stock-based compensation expense | 4,142 | 8,126 | 16,355 | 33,543 | ||||||||||||||||||||||
| Depreciation and amortization | 16,684 | 23,126 | 71,452 | 82,910 | ||||||||||||||||||||||
| Interest expense, net | 16,782 | 8,855 | 58,580 | 34,783 | ||||||||||||||||||||||
| Other expense, net | 15 | 24 | 1,816 | 3 | ||||||||||||||||||||||
| Change in fair value of contingent consideration | — | — | 231 | 300 | ||||||||||||||||||||||
| Business transformation costs | — | 84 | 31 | 2,060 | ||||||||||||||||||||||
| Loss on extinguishment of debt | — | — | 9,795 | — | ||||||||||||||||||||||
| Foreign exchange transaction gain | (499) | (418) | (3,536) | (1,297) | ||||||||||||||||||||||
| Income tax expense (benefit) | 3,796 | (1,327) | 6,392 | 4,235 | ||||||||||||||||||||||
| Transaction-related expenses | — | 152 | — | 359 | ||||||||||||||||||||||
| Severance costs | 53 | 666 | 595 | 3,711 | ||||||||||||||||||||||
| Contract settlement fees | — | — | — | 3,800 | ||||||||||||||||||||||
| Unrealized gain on derivatives | (2,239) | — | (1,504) | — | ||||||||||||||||||||||
| Non-GAAP adjusted EBITDA | $ | 31,394 | $ | 20,462 | $ | 122,475 | $ | 72,308 | ||||||||||||||||||
| GAAP Cash Flow From Operating Activities to Non-GAAP Free Cash Flow | ||||||||||||||||||||||||||
| (in thousands) | ||||||||||||||||||||||||||
| (Unaudited) | ||||||||||||||||||||||||||
Three Months Ended March 31, | Year Ended March 31, | |||||||||||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | |||||||||||||||||||||||
| Net cash provided by operating activities | $ | 4,381 | $ | 11,508 | $ | 41,805 | $ | 11,880 | ||||||||||||||||||
| Capital expenditures | (7,447) | (6,944) | (30,619) | (27,477) | ||||||||||||||||||||||
| Transaction-related expenses | — | 152 | — | 359 | ||||||||||||||||||||||
| Severance costs | 53 | 666 | 595 | 3,711 | ||||||||||||||||||||||
| Business transformation costs | — | 84 | 31 | 2,060 | ||||||||||||||||||||||
| Non-GAAP free cash flow provided by (used in) operations | $ | (3,013) | $ | 5,466 | $ | 11,812 | $ | (9,467) | ||||||||||||||||||
FAQ
How did Digital Turbine (APPS) perform in fiscal Q4 2026?
Digital Turbine’s fiscal Q4 2026 net revenue was $142.5 million, up 20% year over year. GAAP net loss narrowed to $7.3 million, while non-GAAP adjusted net income rose to $19.7 million and non-GAAP adjusted EBITDA reached $31.4 million.
What were Digital Turbine’s full-year 2026 financial results?
For fiscal 2026, Digital Turbine reported net revenue of $565.3 million, up 15% from 2025. GAAP net loss improved to $37.7 million, while non-GAAP adjusted net income was $64.9 million and non-GAAP adjusted EBITDA was $122.5 million, up 69% year over year.
What guidance did Digital Turbine (APPS) provide for fiscal 2027?
Digital Turbine expects fiscal 2027 revenue between $630 million and $650 million. The company also projects non-GAAP adjusted EBITDA between $135 million and $145 million, suggesting continued double-digit growth and further profitability expansion compared with fiscal 2026 levels.
How did Digital Turbine’s business segments perform in 2026?
In fiscal 2026, On Device Solutions revenue was $382.4 million, up 12%, while App Growth Platform revenue reached $185.7 million, up 21%. In Q4 2026, segment revenues were $91.0 million and $52.1 million, respectively, with App Growth Platform growing 57% year over year.
Is Digital Turbine profitable on a GAAP basis?
Digital Turbine is not yet GAAP-profitable, reporting a fiscal 2026 net loss of $37.7 million. However, this loss improved from $92.1 million in 2025, and non-GAAP adjusted net income was positive at $64.9 million, reflecting underlying operating gains.
What non-GAAP metrics does Digital Turbine use and why?
Digital Turbine reports non-GAAP adjusted net income, EPS, adjusted EBITDA, free cash flow, and gross profit. These metrics exclude items like stock-based compensation, amortization, and one-time costs, which management believes helps investors better evaluate underlying operating performance and compare results across periods.