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Digital Turbine, Inc., through its subsidiaries, operates a mobile growth platform for advertisers, publishers, carriers, and device original equipment manufacturers (OEMs). It operates through two segments, On Device Solutions and App Growth Platform. The company's application media platform delivers mobile applications apps to various publishers, carriers, OEMs, and devices; and content media platform offers news, weather, sports, and other content, as well as programmatic advertising partner and media content delivery services, and sponsored and editorial content media. It also provides direct campaign management products, such as the DT DSP and DT Offer Wall; ad monetization solutions that allow mobile app publishers and developers to monetize their monthly active users via display, native, and video advertising; brands and agencies, which run mobile brand-awareness campaigns on the direct mobile app inventory; and app developers and other performance-focused advertisers that execute mobile user acquisition campaigns for their apps and products. Its products and solutions are used in the mobile application ecosystem, enabling brand discovery and advertising, user acquisition and engagement, and operational efficiency for advertisers. The company operates in the United States, Canada, Europe, the Middle East, Africa, the Asia Pacific, China, Mexico, Central America, and South America. Digital Turbine, Inc. is headquartered in Austin, Texas.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2026
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2026 | $565M | $105M | $-38M | $11M | -19.6% | 15.2% | -59.0% |
| 2025 | $491M | $29M | $-92M | $-16M | -59.9% | -9.9% | -78.1% |
| 2024 | $544M | $46M | $-420M | $4M | -196.5% | -18.2% | -2620.4% |
| 2023 | $666M | $127M | $17M | $90M | 2.8% | - | - |
| 2022 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Total Revenue | - | 665.92 | 544.48 | 490.51 | 565.25 |
| Operating Revenue | - | 665.92 | 544.48 | 490.51 | 565.25 |
| Cost Of Revenue | - | 345.69 | 297.02 | 269.83 | 290.61 |
| Gross Profit | - | 320.23 | 247.46 | 220.68 | 274.64 |
| Operating Expense | - | 274.06 | 285.26 | 274.75 | 240.60 |
| Research And Development | - | 56.49 | 54.16 | 39.46 | 40.48 |
| Selling General And Administration | - | 217.58 | 231.10 | 235.29 | 200.12 |
| Total Expenses | - | 619.76 | 582.28 | 544.58 | 531.21 |
| Operating Income | - | 46.16 | -37.80 | -54.08 | 34.04 |
| Total Operating Income As Reported | - | 46.16 | -374.44 | -54.08 | 34.04 |
| EBITDA | - | 127.24 | 46.06 | 28.84 | 105.49 |
| Normalized EBITDA | - | 128.26 | 382.23 | 27.84 | 110.48 |
| EBIT | - | 46.16 | -37.80 | -54.08 | 34.04 |
| Net Interest Income | - | -23.35 | -30.84 | -34.78 | -58.58 |
| Other Non Operating Income Expenses | - | 0.23 | -0.33 | 0 | -1.82 |
| Other Income Expense | - | -0.80 | -336.50 | 0.99 | -6.80 |
| Net Non Operating Interest Income Expense | - | -23.35 | -30.84 | -34.78 | -58.58 |
| Pretax Income | - | 22.02 | -405.13 | -87.86 | -31.34 |
| Tax Provision | - | 5.15 | 15.32 | 4.24 | 6.39 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -0.24 | -70.60 | 0.21 | -1.99 |
| Net Income Continuous Operations | - | 16.87 | -420.45 | -92.10 | -37.73 |
| Net Income From Continuing And Discontinued Operation | - | 16.67 | -420.23 | -92.10 | -37.73 |
| Net Income From Continuing Operation Net Minority Interest | - | 16.67 | -420.23 | -92.10 | -37.73 |
| Net Income | - | 16.67 | -420.23 | -92.10 | -37.73 |
| Net Income Common Stockholders | - | 16.67 | -420.23 | -92.10 | -37.73 |
| Net Income Including Noncontrolling Interests | - | 16.87 | -420.45 | -92.10 | -37.73 |
| Normalized Income | - | 17.46 | -154.66 | -92.89 | -34.74 |
| Diluted NI Availto Com Stockholders | - | 16.67 | -420.23 | -92.10 | -37.73 |
| Basic Average Shares | - | 98.78 | 100.98 | 103.75 | 112.92 |
| Diluted Average Shares | - | 101.82 | 100.98 | 103.75 | 112.92 |
| Reconciled Depreciation | - | 81.07 | 83.86 | 82.91 | 71.45 |
| Reconciled Cost Of Revenue | - | 345.69 | 297.02 | 269.83 | 290.61 |
| Total Unusual Items | - | -1.03 | -336.17 | 1 | -4.99 |
| Total Unusual Items Excluding Goodwill | - | - | - | - | -4.99 |
| Minority Interests | - | -0.20 | 0.22 | 0 | 0 |
| Net Income Discontinuous Operations | 0 | - | - | - | - |
| Special Income Charges | - | 0 | -336.27 | -0.30 | -10.03 |
| Other Special Charges | - | - | - | - | 9.80 |
| Impairment Of Capital Assets | - | 0 | 336.64 | 0 | 0 |
| Restructuring And Mergern Acquisition | - | 0 | -0.37 | 0.30 | 0.23 |
| Gain On Sale Of Security | - | -1.03 | 0.10 | 1.30 | 5.04 |
| General And Administrative Expense | - | 154.28 | 169.62 | 173.65 | 142.12 |
| Other Gand A | - | 154.28 | 169.62 | 173.65 | 142.12 |
| Total Other Finance Cost | - | 23.35 | 30.84 | 34.78 | 58.58 |
| Selling And Marketing Expense | - | 63.30 | 61.48 | 61.64 | 58 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Digital Turbine, Inc.this co. | APPS | $1.1B | -29.80 | 5.86 | -19.6% | 13.80 |
| GigaCloud Technology Inc. | GCT | $1.2B | 8.83 | 2.50 | 28.3% | 7.68 |
| Kopin Corporation | KOPN | $1.2B | 448.43 | 18.23 | 4.1% | -80.28 |
| Upbound Group, Inc. | UPBD | $1.1B | 14.49 | 1.52 | 10.5% | 1.61 |
| WhiteFiber, Inc. | WYFI | $1.1B | - |
| - |
| - |
| - |
| - |
| - |
| 21.36 |
| -5.1% |
| - |
| Corsair Gaming, Inc. | CRSR | $1.1B | -65.61 | 1.67 | -2.6% | 22.45 |
| Amplitude, Inc. | AMPL | $1.0B | - | 4.19 | -36.1% | - |
| indie Semiconductor, Inc. | INDI | $1.0B | -7.09 | 2.83 | -40.0% | -13.15 |
| Rezolve AI PLC | RZLV | $1.0B | -9.87 | 4.06 | -41.1% | -9.64 |
| Peer Median | - | 0.87 | 3.44 | -3.8% | -4.01 | |