APPS on Nasdaq

Digital Turbine

Logo: digitalturbine.com4

Mobile internet company.1

Price unavailable

Last updated Oct 19, 2026.

Overview

$565.3MRevenue, fiscal 20265
-$37.7MNet income, fiscal 20265

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  • TickerAPPS on Nasdaq1
  • IndustryPatent Owners & Lessors1
  • HeadquartersWilmington1
  • Websitewww.digitalturbine.com
  • Legal formDelaware corporation1
  • Incorporated inDE6
  • Business address111 Nueces Street, Austin, Tx 787016
  • Filer categoryAccelerated filer6
  • LEI549300D0WZR1VI2QGB243
  • StatusActive3
  • LEI statusIssued and current3
  • Registered addressC/O THE CORPORATION TRUST COMPANY, 19801 Wilmington, United States3
  • Registered withDivision of Corporations, Department of State, 44235883

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Digital Turbine image from its website
Image: digitalturbine.com4

Digital Turbine, Inc., through its subsidiaries (collectively “Digital Turbine,” the “Company,” “we,” or “us”), is a leading independent mobile growth platform that levels up the landscape for advertisers, publishers, carriers, and device original equipment manufacturers (“OEMs”). The Company offers end-to-end products and solutions leveraging proprietary technology to all participants in the mobile application ecosystem, enabling brand discovery and advertising, user acquisition and engagement, and operational efficiency for advertisers. In addition, our products and solutions provide monetization opportunities for OEMs, carriers, and application (“app” or “apps”) publishers and developers.7 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

56.9%Gross margin5
6.0%Operating margin5
-6.7%Net margin5
15.2%Revenue growth, 20265
-19.6%Return on equity5
1.84×Debt to equity5
$11.2MFree cash flow5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

On Device Solutions brought in 67% of the revenue Digital Turbine broke down this way in fiscal 2026.

  1. On Device Solutions$382.4M567%up 12% from 2025
  2. App Growth Platform$185.7M533%up 21% from 2025
Business segments by year
Business segments202420252026
On Device Solutions$370.1M$341.6M$382.4M
App Growth Platform$178.8M$153.2M$185.7M

Regions

North America brought in 40% of the revenue Digital Turbine broke down this way in fiscal 2026.

  1. North America$227.7M540%down 2% from 2025
  2. Asia Pacific$174.4M531%up 83% from 2025
  3. EMEA$162.5M529%down 0% from 2025
  4. Latin America$3.6M51%down 14% from 2025
Regions by year
Regions202420252026
North America$268.5M$232.1M$227.7M
Asia Pacific$64.9M$95.5M$174.4M
EMEA$213.3M$163.1M$162.5M
Latin America$2.2M$4.2M$3.6M

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue43¢$243.6M
  • Research and development7¢$40.5M
  • Other costs49¢$274.7M
  • Income tax1¢$6.4M

Out of $565.3M in revenue.5 The company lost money this year.

Where each dollar of operating cash went, fiscal 2026

  • Capital spending73¢$30.6M
  • Kept or used elsewhere27¢$11.2M

Out of $41.8M of cash from operations.5

Financial statements

Revenue891011125$565.3M in 2026+446% since 2019
0$200.0M$400.0M$600.0M$800.0M2019: $103.6M$103.6M20192020: $138.7M$138.7M2020+34%2021: $313.6M$313.6M2021+126%2022: $747.6M$747.6M2022+138%2023: $665.9M$665.9M2023−11%2024: $544.5M$544.5M2024−18%2025: $490.5M$490.5M2025−10%2026: $565.3M$565.3M2026+15%
Gross profit1391011125$321.6M in 2026+804% since 2019
0$100.0M$200.0M$300.0M$400.0M2019: $35.6M$35.6M20192020: $55.1M$55.1M2020+55%2021: $134.9M$134.9M2021+145%2022: $376.9M$376.9M2022+179%2023: $356.7M$356.7M2023−5%2024: $282.3M$282.3M2024−21%2025: $255.2M$255.2M2025−10%2026: $321.6M$321.6M2026+26%
Operating income891011125$34.0M in 2026+888% since 2019
-$400.0M-$200.0M0$200.0M2019: $3.4M$3.4M20192020: $13.2M$13.2M2020+284%2021: $59.2M$59.2M2021+348%2022: $92.2M$92.2M2022+56%2023: $46.2M$46.2M2023−50%2024: -$374.4M-$374.4M20242025: -$54.1M-$54.1M2025−86%2026: $34.0M$34.0M2026
Net income891011125-$37.7M in 2026+528% since 2019
-$600.0M-$400.0M-$200.0M0$200.0M2019: -$6.0M-$6.0M20192020: $13.9M$13.9M20202021: $54.9M$54.9M2021+295%2022: $35.5M$35.5M2022−35%2023: $16.7M$16.7M2023−53%2024: -$420.2M-$420.2M20242025: -$92.1M-$92.1M2025−78%2026: -$37.7M-$37.7M2026−59%

Every line of the income statement as filed: the last 3 fiscal years, latest first.5

Period ending2026-03-312025-03-312024-03-31
Net revenue$565.3M$490.5M$544.5M
Revenue share$243.6M$235.3M$262.2M
Other direct costs of revenue$47.0M$34.5M$34.8M
Product development$40.5M$39.5M$54.2M
Sales and marketing$58.0M$61.6M$61.5M
General and administrative$142.1M$173.6M$169.6M
Impairment of goodwill$0$0$336.6M
Total costs of revenue and operating expenses$531.2M$544.6M$918.9M
Income (loss) from operations$34.0M-$54.1M-$374.4M
Change in fair value of contingent consideration-$231.0K-$300.0K$372.0K
Interest expense, net-$58.6M-$34.8M-$30.8M
Unrealized gain on derivatives$1.5M$0$0
Foreign exchange transaction gain$3.5M$1.3M$101.0K
Loss on extinguishment of debt-$9.8M$0$0
Other expense, net-$1.8M-$3.0K-$328.0K
Total interest and other expense, net-$65.4M-$33.8M-$30.7M
Loss before income taxes-$31.3M-$87.9M-$405.1M
Income tax expense$6.4M$4.2M$15.3M
Net loss-$37.7M-$92.1M-$420.4M
Less: net loss attributable to non-controlling interest$0$0-$220.0K
Net loss attributable to Digital Turbine, Inc.-$37.7M-$92.1M-$420.2M
Foreign currency translation loss-$462.0K-$2.3M-$6.3M
Comprehensive loss-$38.2M-$94.4M-$426.7M
Less: comprehensive income attributable to non-controlling interest$0$0$519.0K
Comprehensive loss attributable to Digital Turbine, Inc.-$38.2M-$94.4M-$427.2M
Basic (in dollars per share)-$0.33-$0.89-$4.16
Diluted (in dollars per share)-$0.33-$0.89-$4.16
Basic (in shares)112.9M shares103.7M shares101.0M shares
Diluted (in shares)112.9M shares103.7M shares101.0M shares

Compare Digital Turbine with another company

Leadership

Who has led Digital Turbine, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Robert S. Ellin2007
  2. Ian Aaron2008
  3. Bruce L. Stein2008

Chair

  1. Robert S. Ellin2007

President

  1. David Chazen2007
  2. James Lefkowitz2007–2009
  3. Ray Schaaf2009
  4. Matthew Gillis2022–2024

Chief financial officer

  1. Jay Wolf2007–2009
  2. Jeffrey Klausner2013
  3. Andrew M. Schleimer2014–2015
  4. J. Barrett Garrison2016–2025
  5. Stephen L. Lasher2025–now

Chief operating officer

  1. Jay Wolf2007
  2. Bruce L. Stein2007–2008
2010201520202025
Board members and other officers (34)

Subsidiaries and ownership

Also owns

From Wikidata.1

Former names

  • Mandalay Digital Group, Inc.Feb 10, 2012 to Jan 28, 20156
  • NeuMedia, Inc.May 14, 2010 to Feb 7, 20126
  • Mandalay Media, Inc.Nov 9, 2007 to Apr 20, 20106
  • Mediavest, Inc.Aug 9, 2005 to Oct 16, 20076
  • EB2B COMMERCE INC /NY/Apr 16, 2001 to Jul 7, 20056
  • EB2B COMMERCE INC /NY/Nov 13, 2000 to Jan 26, 20016
  • EB2B COMMERCE INC //Apr 27, 2000 to Jun 2, 20006
  • DYNAMICWEB ENTERPRISES INCAug 14, 1996 to Jan 24, 20006
  • SEAHAWK CAPITAL CORPDec 26, 1995 to Jun 14, 19966

Timeline

  1. Mar 12, 2008New chief executive Bruce L. Stein becomes CEO18
  2. Feb 15, 2008New chief executive Ian Aaron becomes CEO17
  3. Sep 14, 2007Founded Digital Turbine is founded3
  4. Apr 19, 2007New chief executive Robert S. Ellin becomes CEO19

Filings

435 filings to the SEC since October 2021: 5 annual reports, 18 quarterly reports, 49 major events, 310 insider forms, 19 large holders, 34 other. The latest 20:

  1. Oct 15, 20264 EDGAR
  2. Oct 1, 20268-K EDGAR
  3. Oct 1, 2026424B7 EDGAR
  4. Oct 1, 2026S-3ASR S-3 EDGAR
  5. Sep 24, 20268-K EDGAR
  6. Sep 8, 20268-K EDGAR
  7. Sep 4, 20264 EDGAR
  8. Sep 4, 20264 EDGAR
  9. Sep 4, 20264 EDGAR
  10. Sep 4, 20264 EDGAR
  11. Aug 28, 20264 EDGAR
  12. Aug 27, 20264 EDGAR
  13. Aug 27, 20264 EDGAR
  14. Aug 27, 20264 EDGAR
  15. Aug 27, 20264 EDGAR
  16. Aug 27, 20264 EDGAR
  17. Aug 26, 2026S-8 EDGAR
  18. Aug 25, 20264 EDGAR
  19. Aug 25, 20264 EDGAR
  20. Aug 25, 20268-K EDGAR

The 435 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

32 open-market trades by officers, directors and large owners since October 2021: 22 buys and 10 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Feb 23, 2026Kinsell JoshuaChief Accounting OfficerSale578$4.06$2.3KForm 4
Mar 10, 2025STONE WILLIAM GORDON IIIChief Executive OfficerBuy100,000$2.59$259.0KForm 4
Nov 27, 2024STERLING MICHELLE MDirectorBuy7,000$1.43$10.0KForm 4
Nov 26, 2024Chestnutt Roy HDirectorBuy7,000$1.42$9.9KForm 4
Nov 20, 2024Karish JeffDirectorBuy5,000$1.39$7.0KForm 4
Nov 19, 2024DEUTSCHMAN ROBERT MDirectorBuy20,000$1.23$24.6KForm 4
Nov 19, 2024STONE WILLIAM GORDON IIIChief Executive OfficerBuy100,000$1.22$122.0KForm 4
Nov 11, 2024DEUTSCHMAN ROBERT MDirectorBuy100,000$1.41$141.0KForm 4
Sep 15, 2023Karish JeffDirectorBuy5,000$6.85$34.2KForm 4
Sep 15, 2023DEUTSCHMAN ROBERT MDirectorBuy20,000$6.84$136.8KForm 4
Sep 15, 2023GYANI MOHAN SDirectorBuy20,000$6.73$134.6KForm 4
Sep 15, 2023STONE WILLIAM GORDON IIIChief Executive OfficerSale95,000$6.73$639.4KForm 4
Sep 14, 2023STONE WILLIAM GORDON IIIChief Executive OfficerSale55,000$6.66$366.2KForm 4
Sep 14, 2023Groos Holyce HessDirectorBuy7,600$6.56$49.9KForm 4
Sep 14, 2023DEUTSCHMAN ROBERT MDirectorBuy20,000$6.44$128.8KForm 4
Sep 13, 2023STONE WILLIAM GORDON IIIChief Executive OfficerSale30,000$7.05$211.5KForm 4
Sep 7, 2023STONE WILLIAM GORDON IIIChief Executive OfficerSale25,000$7.87$196.8KForm 4
Sep 5, 2023STONE WILLIAM GORDON IIIChief Executive OfficerSale20,000$8.49$169.8KForm 4
May 31, 2023Chestnutt Roy HDirectorBuy6,515$9.17$59.7KForm 4
May 30, 2023DEUTSCHMAN ROBERT MDirectorBuy5,000$8.77$43.9KForm 4

All 32 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.9,353,236$120.7M0.0%+698,980
AIGH Capital Management LLC6,548,450$84.5M7.6%+1,652,678
D. E. Shaw & Co., Inc.5,071,927$65.4M0.0%+4,781,827
Vanguard Capital Management LLC4,981,106$64.3M0.0%+308,658
Vanguard Portfolio Management LLC4,315,867$55.7M0.0%+329,542
Granahan Investment Management, LLC3,494,200$45.1M1.6%−3,618,151
Geode Capital Management, LLC2,914,508$37.6M0.0%+317,527
Two Sigma Investments, LP2,803,368$36.2M0.0%+1,250,778
State Street Corp2,650,488$34.2M0.0%−293,482
Bank Of America Corp /de/2,617,867$33.8M0.0%−1,001,304
Arrowstreet Capital, Limited Partnership2,382,180$30.7M0.0%+921,925
Invesco Ltd.2,237,315$28.9M0.0%+1,820,968
Dimensional Fund Advisors LP2,030,466$26.2M0.0%−323,128
Renaissance Technologies LLC2,003,000$25.8M0.0%+1,720,200
UBS Group AG1,733,765$22.4M0.0%+981,439
Jane Street Group, LLC1,732,561$22.4M0.0%+93,819
Goldman Sachs Group Inc1,349,350$17.4M0.0%−1,432,802
Silvercrest Asset Management Group LLC1,053,466$13.6M0.1%+117,422
Manatuck Hill Partners, LLC1,043,461$13.5M4.5%−309,956
Nuveen, LLC998,579$12.9M0.0%+752,488
Northern Trust Corp960,262$12.4M0.0%+66,518
Charles Schwab Investment Management Inc912,048$11.8M0.0%+37,679
Aqr Capital Management LLC883,138$11.4M0.0%+175,861
Tudor Investment Corp Et Al794,888$10.3M0.0%+186,019
Jpmorgan Chase & Co750,080$9.7M0.0%−405,744

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

1 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Mar 6, 2023Daniel S. GoldmanDemocratic, HouseSale$1,001 - $15,000+101.8%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

Sources

The numbers on this page point here. Each one links to the record it came from.

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    Company websiteDigital Turbine logo
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