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.
Rule-based from financial data. Not advice.
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 | |
Historically, May has averaged the highest return (+25.2%); Nov the lowest (-18.7%).
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +4.4%Positive MonthJan 2026: +4.40% | -22.2%Negative MonthFeb 2026: -22.22% | -29.1%Negative MonthMar 2026: -29.06% | +22.6%Positive MonthApr 2026: +22.57% | +148.7%Positive MonthMay 2026: +148.73% | +46.9%Positive MonthJun 2026: +46.92% | -37.5%Negative MonthJul 2026: -37.52% | +39.3%*Positive MonthAug 2026: +39.33% | — | — | — | — |
| 2025 | +55.0%Positive MonthJan 2025: +55.03% | +30.9%Positive MonthFeb 2025: +30.92% | -20.7%Negative MonthMar 2025: -20.70% | +10.3%Positive MonthApr 2025: +10.29% | +57.3%Positive MonthMay 2025: +57.33% | +25.0%Positive MonthJun 2025: +25.00% | -7.6%Negative MonthJul 2025: -7.63% | -22.9%Negative MonthAug 2025: -22.94% | +52.4%Positive MonthSep 2025: +52.38% | -2.5%Negative MonthOct 2025: -2.50% | -23.2%Negative MonthNov 2025: -23.24% | +4.4%Positive MonthDec 2025: +4.38% |
| 2024 | -21.4%Negative MonthJan 2024: -21.43% | -41.2%Negative MonthFeb 2024: -41.19% | -17.4%Negative MonthMar 2024: -17.35% | -27.1%Negative MonthApr 2024: -27.10% | -1.0%Neutral MonthMay 2024: -1.05% | -12.2%Negative MonthJun 2024: -12.17% | +43.4%Positive MonthJul 2024: +43.37% | +35.3%Positive MonthAug 2024: +35.29% | -4.7%Negative MonthSep 2024: -4.66% | +4.2%Positive MonthOct 2024: +4.23% | -55.0%Negative MonthNov 2024: -55.00% | +17.4%Positive MonthDec 2024: +17.36% |
| 2023 | +13.9%Positive MonthJan 2023: +13.91% | -38.1%Negative MonthFeb 2023: -38.13% | +15.1%Positive MonthMar 2023: +15.08% | -5.1%Negative MonthApr 2023: -5.10% | -22.1%Negative MonthMay 2023: -22.08% | +1.5%Neutral MonthJun 2023: +1.53% | +16.8%Positive MonthJul 2023: +16.81% | -17.8%Negative MonthAug 2023: -17.80% | -32.1%Negative MonthSep 2023: -32.10% | -21.7%Negative MonthOct 2023: -21.65% | -1.9%Neutral MonthNov 2023: -1.90% | +47.5%Positive MonthDec 2023: +47.53% |
| 2022 | -27.6%Negative MonthJan 2022: -27.61% | +9.8%Positive MonthFeb 2022: +9.81% | -9.6%Negative MonthMar 2022: -9.63% | -27.8%Negative MonthApr 2022: -27.76% | -19.7%Negative MonthMay 2022: -19.65% | -31.3%Negative MonthJun 2022: -31.30% | +14.9%Positive MonthJul 2022: +14.88% | -8.0%Negative MonthAug 2022: -7.97% | -22.0%Negative MonthSep 2022: -21.98% | +1.3%Neutral MonthOct 2022: +1.32% | +25.1%Positive MonthNov 2022: +25.07% | -16.5%Negative MonthDec 2022: -16.54% |
| 2021 | — | — | — | — | -12.3%Negative MonthMay 2021: -12.28% | +14.9%Positive MonthJun 2021: +14.90% | -17.2%Negative MonthJul 2021: -17.20% | -7.1%Negative MonthAug 2021: -7.15% | +17.6%Positive MonthSep 2021: +17.62% | +25.2%Positive MonthOct 2021: +25.18% | -38.3%Negative MonthNov 2021: -38.35% | +14.9%Positive MonthDec 2021: +14.95% |
| Avg±SD |
Each cell is the percentage change in closing price from the end of the prior month to the end of this month. The bottom row shows the average return for that calendar month across the selected years, plus or minus one standard deviation — the range that historically contained roughly two-thirds of outcomes. Past monthly patterns are not a forecast of future returns.
This aggregates every month by calendar position — all Januaries together, all Februaries together, and so on — to show whether a given month has leaned positive or negative historically. ‘Simple’ counts each month as +1 or −1. ‘Weighted’ gives larger moves more influence: +2 above +10%, −2 below −10%. With only 6 years of history for this asset, each month’s score reflects a small number of observations — read it as a historical tendency, not a reliable seasonal pattern.
This tracks a running tally across the asset’s full price history: each month adds or subtracts based on whether it was positive or negative. A rising line means more positive months than negative so far; a flattening or falling line means recent months have leaned negative. This measures historical month-to-month consistency, not expected future performance.
Year-to-date return is calculated by dividing each day’s closing price by the price on January 1st of that year (or the asset’s first available price if it began trading mid-year). The custom average line shows the mean YTD return at each calendar day across the selected years. The standard deviation band shows the range within which returns have historically fallen — at 1 SD, roughly two-thirds of years; at 2 SD, roughly 95%. Past year-to-date patterns do not predict future returns. The average and standard deviation band are computed from the year set chosen in “Average from”, which is independent of which year lines are displayed. The current in-progress year is excluded from these calculations, since a partial year is not comparable to complete ones. Election-cycle groupings follow the US presidential calendar and are offered only for US and crypto assets.