Company Analysis

Digital Turbine, Inc. (APPS)

Nasdaq: APPS · Patent Owners & Lessors · Austin, TX · filing with the SEC since 1995
Grade4.5
◀ Past 5.0● Present 4.3▶ Future 4.1

The grade of Digital Turbine, Inc.

Nine metrics read from its own filings, by tense
Headline grade
4.5/10
◀ Past5.030% of the headline
● Present4.340% of the headline
▶ Future4.130% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

5.0/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
5.9/10

Has it survived what it has been through?

4 warning events since 2017; the latest 2022-05-31.

weight 22% of this tense · 59th percentile among 11 sector filers · read for itself

From the record

Digital Turbine, Inc.'s filings since 2017 show 4 warning events of 3 kinds: a warning not to rely on past financial statements (8-K item 4.02, the latest 2022-05-17); an auditor change (8-K item 4.01, the latest 2021-03-05); a late-report notice (Form NT 10-K or NT 10-Q, 2 times, the latest 2022-05-31) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
6.5/10

What has it actually done, year after year?

+28.8% a year over 9 filed years; profitable in 4 of 9.

weight 45% of this tense · 65th percentile among 10 sector filers · read for its customers

From the record

Digital Turbine, Inc.'s 9 filed years say what it did: revenue went from $75 million in fiscal 2018 to $565 million in fiscal 2026, up 28.8% a year; it rose in 5 of 8 years; the deepest fall was 34% from fiscal 2022 to fiscal 2025; net income was positive in 4 of 9 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span28.8%top 25% of its family
  • the share of years revenue rosetop 35% of its family
  • the share of filed years with a profittop 45% of its family
  • the deepest fall from a revenue peak34.4%top 35% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
2.5/10

How has it treated the people who own it?

Share count grew 3.5% a year. 0% of cash flow returned. Insiders: 1 sales, 0 purchases.

weight 33% of this tense · 25th percentile among 6 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2026-03-31, Digital Turbine, Inc.'s diluted share count grew about 3.5% a year, and dividends and buybacks returned about 0% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 1 sale and 0 purchases of their own stock on the open market in the year to 2026-10-30 (their Form 4 filings).

What it rests on

  • the share count over the yearsbottom 41% of its family
  • cash returned against operating cash flowbottom 8% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

4.3/1040% of the headline grade · 3 of 3 filed

Financial health

as filed
3.6/10

Is it financially healthy right now?

ROE -20%: lost 20¢ per shareholder dollar. Leverage 77%: owes 77¢ per asset dollar.

weight 22% of this tense · 36th percentile among 11 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2026-03-31, Digital Turbine, Inc. lost about 20 cents for every dollar of shareholders' money, and gross profitability: its products earned about 38 cents per dollar of everything the company owns. Leverage: it owed about 77 cents per dollar of assets, and net share issuance: its share count grew 8.8% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 14% of its family
  • return on equitybottom 28% of its family
  • gross profit against assetstop 19% of its family
  • the share count against the year beforebottom 23% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
5.2/10

How strong is its position in its industry?

top 48% of 11 in its family; net margin -6.7%.

weight 45% of this tense · 52nd percentile among 11 sector filers · read for its customers

From the record

Digital Turbine, Inc.'s standing among 11 graded names in its industry family: revenue of $565 million in fiscal 2026 ranks in the top 23% by size; a net margin of -6.7% ranks in the top 45%; revenue growth of -5.3% a year over the last 3 filed years ranks in the bottom 25% (its annual reports).

What it rests on

  • revenue against the family$565Mtop 23% of its family
  • net margin-6.7%top 45% of its family
  • three-year revenue growth-5.3%bottom 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
3.5/10

What are the people in charge doing?

bottom 35% of 9 in its family for leadership; chief executive since 2014.

weight 33% of this tense · 35th percentile among 9 sector filers · read for its shareholders

From the record

Digital Turbine, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Stone, William Gordon III (Chief Executive Officer, as filed), filing under that title since 2014-10-22, 12.1 years (top 39% of its family); the 12 officers and directors filing in the last fifteen months have been on the record a median of 6.5 years (bottom 28%); 10 officer or director changes were reported on Form 8-K since 2023-11-13, against the 12 people in charge now (bottom 17%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge10 in three years among 12 peoplebottom 17% of its family
  • the median years the people in charge have filed6.5 yearsbottom 28% of its family
  • the chief executive's years on the record12.1 yearstop 39% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

4.1/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
2.9/10

How much room does it have to grow?

bottom 29% of 11 in its family for room to expand.

weight 45% of this tense · 29th percentile among 11 sector filers · read for itself

From the record

Digital Turbine, Inc.'s room to grow, from the newest filed statements (fiscal 2026): cash of $38 million against debt of $354 million leaves -37.6% of its assets as net cash, bottom 5% of its family; cash from operations less capital spending is 2% of revenue (top 32%); a gross margin of 56.9% (bottom 31%); research spending of 7.2% of revenue (bottom 13%) (its annual report).

What it rests on

  • cash less debt against assets-37.6%bottom 5% of its family
  • cash from operations less capital spending against revenue2.0%top 32% of its family
  • gross margin56.9%bottom 31% of its family
  • research spending against revenue7.2%bottom 13% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
3.6/10

What could actually drive growth from here?

bottom 36% of 10 in its family for growth drivers.

weight 22% of this tense · 36th percentile among 10 sector filers · read for its customers

From the record

Digital Turbine, Inc.'s growth drivers, from the filed years to fiscal 2026: revenue grew -5.3% a year over the last three filed years against 28.8% over all 9, slowing (bottom 15% of its family); the newest year grew 15.2% (top 45%); research spending grew -10.5% a year (bottom 10%); capital spending grew 12.3% a year (top 36%) (its annual reports). Digital Turbine, Inc. reported 2 lines of business in fiscal 2025: On Device Solutions at $342 million, App Growth Platform at $153 million. 0 of 2 grew in the latest filed year, and the largest line is 69% of revenue (its annual report).

What it rests on

  • three-year growth against the whole span-34.1 points a yearbottom 15% of its family
  • the newest year's revenue growth15.2%top 45% of its family
  • three-year growth of research spending-10.5%bottom 10% of its family
  • three-year growth of capital spending12.3%top 36% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
5.9/10

Did its newest year beat what its own record pointed to?

top 41% of 9 in its family for expectations against reality.

weight 33% of this tense · 59th percentile among 9 sector filers · read for its shareholders

From the record

Digital Turbine, Inc.'s newest year against its own record: revenue of $565 million in fiscal 2026 came in 34.3% above the $421 million its prior three years' pace pointed to (top 45% of its family); net income of $38 million against a prior three-year average of $165 million (top 39%); a net margin of -6.7% against -31.2% before (top 39%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace34.3%top 45% of its family
  • net income against the prior three years' average+77%top 39% of its family
  • net margin against its prior average+24.5 pointstop 39% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton APPS · research, not advice