10-Q · February 5, 2025
Digital Turbine reported net revenue of $134,637 (amounts in the filing are presented in thousands) for the three months ended December 31, 2024, down from $142,634 in the prior-year quarter. Loss from operations…
Earnings analysis · 10-K
APPS earnings analysis
Filed May 26, 2026 · Our reading of the company's report
The latest report
Digital Turbine (APPS) reported a robust growth in revenue of $565.3 million for the fiscal year ending March 31, 2026, representing a 15.2% year-over-year increase. The company achieved significant improvements in…
Read full summary
Digital Turbine (APPS) reported a robust growth in revenue of $565.3 million for the fiscal year ending March 31, 2026, representing a 15.2% year-over-year increase. The company achieved significant improvements in operational efficiency, leading to an operating profit of $34 million and a noted reduction in losses from $92.1 million in FY 2025 to $37.7 million in FY 2026. However, ongoing risks related to economic conditions and high interest expenses from refinanced debt warrant attention as management implements its transformation plan and focuses on growth strategies.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.33
- Operating margin
- 6%
- Segment
- On Device Solutions
- Segment
- App Growth Platform
What stood out
-
Strong Annual Revenue Growth
The company reported $565.3 million in revenue for FY 2026, a 15.2% increase from $490.5 million in FY 2025.
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Improved Operating Profit
Operating income recovered to $34 million in FY 2026, compared to a loss of $54 million in FY 2025.
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Successful Implementation of Transformation Program
Transformation Program costs significantly decreased from $5.8 million to only $626,000 year-over-year, indicating successful restructuring efforts.
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Expansion in Key Segments
Both On Device Solutions and App Growth Platform segments saw increased revenues driven by strong performance in Asia Pacific and China.
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Increased Cash Flow from Operations
Cash provided by operating activities jumped to $41.8 million in FY 2026 from $11.9 million in FY 2025.
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Debt Refinancing Positively Influenced Strategy
Successfully refinanced existing debt, managing a principal balance of $391.2 million under a new financing agreement.
What to watch
-
High Interest Expense on Refinanced Debt
Interest expense surged 68.4% to $58.6 million in FY 2026 due to higher margins on refinanced debt.
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Dependence on Economic Conditions
Revenue growth faces risks from macroeconomic challenges, including the global chip shortage impacting customer budgets.
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Customer Concentration Risk
As of March 31, 2026, one customer accounts for 20.6% of accounts receivable, posing a risk to revenue stability.
Management's outlook
Annual revenue outlook for FY 2027 is projected between $630 million and $650 million with expectations for continued growth.
Earlier filings 4
10-Q · November 6, 2024
Digital Turbine reported net revenue of $118,728,000 for the quarter (three months ended September 30, 2024), a 17.1% decline from $143,259,000 in the prior-year quarter, with a loss from operations of $13,542,000…
10-Q · August 7, 2024
Digital Turbine reported net revenue of $117,989,000 for the quarter and posted a net loss of $25,156,000 (diluted loss per share $0.25). Both reportable segments (ODS and AGP) saw year-over-year revenue declines, while…
10-Q · February 7, 2024
Digital Turbine reported Q3 net revenue of $142.634M, down from $162.310M in the prior-year quarter, and posted a net loss of $14.061M (diluted EPS $(0.14)) versus net income of $4.062M (EPS $0.04) a year earlier. Both…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.