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Digital Turbine, Inc.

APPS Technology Software Application

Digital Turbine, Inc.’s revenue for fiscal 2026 (year ended March 2026) was $565.3 million, up 15.2% from fiscal 2025.

Revenue
+26.8%
EPS
+27.8%
Free cash flow
+1,255.0%
Total debt
−11.9%

Quarter to June 2026, against a year earlier

9.81 0.27 +2.83%
Market cap
$1.2B
P/E
0.0×
Fwd P/E
−82.5×
Dividend yield
—
F-score
7/9
Altman Z
−0.04
Beneish M
−2.65
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 0.00
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — 1 — — — — — — — — —
Insider Ownership 10.94%

Capital & Financial Ratios $m

Size
Market Cap 1,180.00
Revenue ttm 600.31
Net income ttm (34.96)
Free cash flow ttm 25.89
Net debt Q 309.66
Valuation
P/E 0.00
Forward P/E (82.50) (negative: loss-making)
Price / sales 1.97
Forward P/S Powerpack
Price / FCF 45.72
Price / book 6.21 (above 6: high)
Financial health
Current ratio Q 1.20
Debt / equity Q 1.85
Interest coverage Q 1.79
Growth
Revenue growth Q +26.78% (above 0%: growing)
Operating income growth Q +594.77% (above 0%: growing)
EPS, this year +24.11% (at or above 15%: strong)
EPS, next year A +32.37% (at or above 15%: strong)
Revenue, next year A +17.70% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A +8.44%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.5×, against a ten-year median of 2.3×; over the ten years it ranged from 1.0× in 2024 to 28.4× in 2021.
P/S against its own 10 years 53.36%
10-year low 10-year high
P/B against its own 10 years 69.12%
10-year low 10-year high
EV/Sales against its own 10 years 55.45%
10-year low 10-year high
EV/FCF against its own 10 years 47.93%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 34 40 38 43
Receivables 196 190 256 266
Inventory — — — —
Other 5 6 12 17
242 243 312 333
2024 2025 2026 Q'26
Payables 159 140 133 151
ST’ Debt — — 7 9
Other 36 40 19 18
236 223 268 277

Compound Annual Growth %

10y 5y 3y
Sales 38.19% 12.51% (5.32%)
Cash Flow 0.00% (7.81%) (28.29%)
Earnings 0.00% 0.00% 0.00%
Book Value 8.85% 5.78% (31.86%)

Earnings Trends EPS, adjusted, against the consensus

Q1 FY27 Estimate 0.14 Actual 0.19

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q2 FY26 0.06 0.15 Beat by 0.09
Q3 FY26 0.16 0.18 Beat by 0.02
Q4 FY26 0.09 0.16 Beat by 0.07
Q1 FY27 0.14 0.19 Beat by 0.05
Q2 FY27 0.16 — Reports 9 November 2026

EPS $

Jun Sep Dec Mar Year
’26 (0.09) — — — —
’26 (0.13) (0.20) 0.03 (0.06) (0.33)
’25 (0.25) (0.24) (0.22) (0.18) (0.89)
’24 (0.08) (1.61) (0.14) (2.32) (4.16)
’23 0.15 0.11 0.04 (0.14) 0.16
’22 0.14 (0.06) 0.07 0.19 0.35
’21 0.11 0.00 0.15 0.31 0.57
Fiscal quarters ending in the months shown.

Revenue $m

Jun Sep Dec Mar Year
’26 166 — — — —
’26 131 140 151 143 565
’25 118 119 135 119 491
’24 146 143 143 112 544
’23 189 175 162 140 666
’22 158 189 217 184 748
’21 59 71 89 95 314
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Jun Sep Dec Mar Year
’26 18 — — — —
’26 9 14 14 4 42
’25 (1) (9) 10 12 12
’24 1 27 12 (12) 29
’23 37 28 33 16 113
’22 (29) 37 36 41 85
’21 6 24 19 14 63
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Jun Sep Dec Mar Year
’26 16 — — — —
’26 1 7 6 (3) 11
’25 (7) (16) 3 5 (16)
’24 (6) 20 9 (19) 4
’23 30 21 28 8 87
’22 (33) 31 30 (115) (87)
’21 4 14 25 (17) 25
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to March

Ten-year view Analyst estimates Powerpack
Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 TTM Jun ’26 Trend 10 yrs 2027e 2028e 2029e Next 3/yr
Income, $m
Income, $m Revenue 40 75 104 139 314 748 666 544 491 565 600 +34.1% 665 744 — +14.7%
Gross margin, % 28.00 33.52 34.34 38.69 42.28 46.43 48.09 45.45 44.99 48.59 49.08 +20.6 pt
EBT (19) (21) (4) 4 42 44 22 (405) (88) (31) (24) +5.5%
EBT margin, % (47.96) (27.62) (3.70) 2.82 13.35 5.88 3.31 (74.41) (17.91) (5.54) (4.03) +42.4 pt
Net income (19) (20) (4) 14 55 36 17 (420) (92) (38) (35) +7.8%
Per share, $
Per share, $ Revenue 0.60 1.06 1.34 1.64 3.54 7.85 6.74 5.39 4.73 5.01 4.97 +26.5%
Earnings (0.36) (0.75) (0.08) 0.17 0.62 0.37 0.17 (4.16) (0.89) (0.33) (0.31) (1.0%)
Cash flow (0.10) 0.10 0.02 0.37 0.71 0.89 1.15 0.28 0.11 0.37 0.42 n/m
Capex (0.02) (0.03) (0.03) (0.06) (0.43) (1.81) (0.27) (0.24) (0.26) (0.27) (0.21) +32.7%
Free cash flow (0.12) 0.07 (0.01) 0.31 0.28 (0.92) 0.88 0.04 (0.15) 0.10 0.21 n/m
Book value 0.93 0.39 0.47 0.92 1.64 5.42 6.15 2.12 1.48 1.70 1.58 +6.9%
Shares, m 67 70 77 85 89 95 99 101 104 113 115 +6.1%
Valuation, ×
Valuation, × P/E 0.00 0.00 0.00 26.94 130.84 115.29 72.71 0.00 0.00 0.00 0.00 34.6
P/S 0.78 2.02 2.66 2.63 22.68 5.58 1.83 0.45 0.58 0.58 1.97 4.0
P/B 1.01 5.48 7.60 4.71 49.05 8.08 2.01 1.14 1.83 1.62 6.21 8.3
EV/Sales 0.98 2.10 2.72 2.62 22.69 6.12 2.34 1.10 1.33 1.15 2.49 4.3
EV/FCF (9.82) 31.57 (269.39) 13.72 284.74 (52.45) 17.97 136.03 (41.98) 57.95 57.68 16.8
Cash, $m
Cash, $m Operating cash flow (7) 7 1 31 63 85 113 29 12 42 51 n/m
Capex (1) (2) (2) (5) (38) (172) (27) (24) (27) (31) (25) +40.7%
Free cash flow (8) 5 (1) 27 25 (87) 87 4 (16) 11 26 n/m
Balance, $m
Balance, $m Working capital (7) (7) (1) (24) (14) 26 45 6 20 44 57 n/m
Net debt 6 (4) (11) 0 (15) 406 339 350 369 323 310 +54.9%
Shareholders’ equity 62 28 36 77 145 516 607 214 154 192 191 +13.4%
Returns, %
Returns, % ROA (21.14) (54.44) (7.09) 10.42 24.70 4.14 1.22 (39.42) (10.97) (4.56) (4.21) +16.6 pt
ROIC (15.52) (15.02) 8.51 10.68 28.47 6.25 3.05 (41.51) (6.47) 4.13 7.72 +19.7 pt
ROE (33.67) (118.09) (18.83) 24.47 49.36 10.75 2.97 (102.37) (50.10) (21.82) (20.40) +11.9 pt
People
People Employees 146 161 161 207 280 844 777 754 647 620 — +17.4%
Revenue/emp, $m 0.28 0.46 0.64 0.67 1.12 0.89 0.86 0.72 0.76 0.91 — +14.2%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Mar 2026 · latest quarter Jun 2026 · fundamentals updated 25 Oct 2026

Digital Turbine, Inc. vs peers in Software Application (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
UPBD Upbound Group, Inc. $1.5B 12.9× 7.9× −1.59% (below 0%: shrinking) +156.52% (above 0%: growing) +112.11% (above 0%: growing) 50.62% 6.21% Compare
ALKT Alkami Technology, Inc. $1.4B — (loss-making) — (loss-making) +19.44% (above 0%: growing) n/m −29.65% (below 0%: shrinking) 57.50% (4.63%) Compare
PD PagerDuty $1.3B 7.9× 35.3× +0.83% (above 0%: growing) −45.45% (below 0%: shrinking) +8.53% (above 0%: growing) 83.90% 8.23% Compare
WRD WeRide Inc. $1.3B — (loss-making) — (loss-making) +92.37% (above 0%: growing) n/m −92.28% (below 0%: shrinking) 37.49% (182.09%) Compare
SECZ Securitize Corp. $1.2B 217× — — n/m +100.00% (above 0%: growing) — 0.00% Compare
APPS Digital Turbine, Inc. $1.2B — (loss-making) — (loss-making) +26.78% (above 0%: growing) n/m +1,254.95% (above 0%: growing) 49.39% 13.89%
RDVT Red Violet, Inc. $1.2B 59.3× 74.2× +20.22% (above 0%: growing) +16.67% (above 0%: growing) +21.04% (above 0%: growing) 85.52% 20.77% Compare
RSKD Riskified Ltd. $1.1B — (loss-making) — (loss-making) +21.75% (above 0%: growing) n/m +141.82% (above 0%: growing) 45.56% (7.51%) Compare
GTM ZoomInfo Technologies Inc. $1.0B — (loss-making) — (loss-making) −2.89% (below 0%: shrinking) −91.67% (below 0%: shrinking) −52.33% (below 0%: shrinking) 83.19% 7.64% Compare
Median of peers $1.2B 36.1× 35.3× +19.44% −14.39% +14.79% 57.50% 3.11%

All 230 Software Application stocks →

Pay and ownership Proxy statement filed 13 July 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2026 4.79m 2.82m 3.58
2025 2.48m 3.04m 3.38
2024 7.90m (2.18m) 3.26
2023 8.22m (4.43m) 15.38
2022 7.75m (6.37m) 54.52

Ownership

Directors and executive officers, together 6.00%
Blackrock, Inc. 6.00%
Tennor Holding B.V. 5.00%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Digital Turbine, Inc. (APPS) Latest News

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stockrow.com/APPS · Data as of Oct 25, 2026 · For information only; not investment advice. · © 2026 stockrow.com