Digital Turbine, Inc.
- Open
- 8.34
- Day high
- 8.66
- Day low
- 8.30
- Prev close
- 8.34
- Volume
- 2.3M
- Mkt cap
- $1000M
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 5.2
- P/S
- 1.8
- Yield
- —
- Per share
- —
Digital Turbine, Inc. (APPS) is a Technology company listed on NASDAQ. The stock is up 52% over the past year.
Digital Turbine, Inc. (APPS) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
APPS earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 26, 2026 | $0.09 | $0.16 | +77.8% | $143M | +7.0% |
| Feb 3, 2026 | $0.16 | $0.18 | +12.5% | $151M | +13.6% |
| Nov 4, 2025 | $0.06 | $0.15 | +150.0% | $131M | -7.8% |
| Jun 16, 2025 | $0.05 | $0.10 | +100.0% | $119M | +2.2% |
| Feb 5, 2025 | $0.13 | $0.13 | +0.0% | $135M | +15.9% |
| May 28, 2024 | $0.07 | $0.12 | +82.4% | $112M | -4.6% |
| Feb 7, 2024 | $0.18 | $0.15 | -16.7% | $143M | +21.3% |
| May 24, 2023 | $0.17 | $0.14 | -17.6% | $140M | +1.1% |
| Feb 8, 2023 | $0.37 | $0.29 | -21.6% | $162M | -12.5% |
| Nov 9, 2022 | $0.32 | $0.34 | +6.3% | $175M | -0.1% |
| May 31, 2022 | $0.40 | $0.39 | -2.5% | $184M | -38.9% |
| Feb 8, 2022 | $0.43 | $0.49 | +14.0% | $375M | +6.3% |
APPS insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 9, 2026 | Kinsell Joshuaofficer: Chief Accounting Officer | Tax | 5,663 | $10.50 |
| Jun 9, 2026 | Akkerman Michaelofficer: Chief Business Officer | Tax | 19,313 | $8.67 |
| May 29, 2026 | STONE WILLIAM GORDON IIIdirector, officer: Chief Executive Officer | Tax | 2,141 | $6.68 |
| May 22, 2026 | Kinsell Joshuaofficer: Chief Accounting Officer | Tax | 556 | $4.46 |
| May 7, 2026 | Lasher Stephen Andrewofficer: Chief Financial Officer | Tax | 15,096 | $3.98 |
| Apr 30, 2026 | Kinsell Joshuaofficer: Chief Accounting Officer | Tax | 618 | $3.37 |
| Apr 13, 2026 | John Benneaserofficer: Chief Technology Officer | Grant | 693,069 | $3.03 |
| Apr 9, 2026 | Kinsell Joshuaofficer: Chief Accounting Officer | Tax | 5,663 | $3.09 |
| Mar 4, 2026 | Akkerman Michaelofficer: Chief Business Officer | Tax | 28,965 | $4.19 |
| Mar 2, 2026 | STONE WILLIAM GORDON IIIdirector, officer: Chief Executive Officer | Tax | 2,607 | $4.06 |
| Feb 24, 2026 | Kinsell Joshuaofficer: Chief Accounting Officer | Sell | 578 | $4.06 |
| Feb 23, 2026 | STONE WILLIAM GORDON IIIdirector, officer: Chief Executive Officer | Tax | 1,968 | $4.21 |
| Feb 10, 2026 | Lasher Stephen Andrewofficer: Chief Financial Officer | Tax | 61,373 | $4.15 |
| Jan 30, 2026 | Kinsell Joshuaofficer: Chief Accounting Officer | Tax | 752 | $5.41 |
| Jan 12, 2026 | GYANI MOHAN Sdirector | Option | 75,000 | $1.06 |
Source: APPS SEC Form 4 filings, latest Jul 9, 2026. For informational purposes only — not investment advice.
See the full APPS insider & 13F page →Digital Turbine, Inc. company profile
Overview
Digital Turbine, Inc. (NASDAQ:APPS) is a mobile growth platform company founded in 2005 and headquartered in Austin, Texas. The company went public in 2006 and has evolved from a mobile content provider into a comprehensive mobile advertising and app distribution platform through strategic acquisitions including AdColony and Fyber. Digital Turbine operates globally, serving advertisers, publishers, mobile carriers, and device manufacturers across the United States, Europe, Asia Pacific, and Latin America.
Business
Digital Turbine operates in the mobile advertising technology industry, providing a comprehensive platform that connects mobile app developers, advertisers, device manufacturers, and wireless carriers. The company's core business revolves around facilitating mobile app discovery and distribution while enabling targeted advertising on mobile devices. The company operates through two primary business segments. The On-Device Solutions (ODS) segment, which generates approximately 68% of total revenue, focuses on pre-installing and promoting mobile applications directly on smartphones and tablets at the point of device activation. This includes their flagship Ignite platform, which allows wireless carriers and device manufacturers to deliver personalized app recommendations to users when they first set up their devices. The segment also includes SingleTap, a licensing technology that enables one-click app installations, and content media services that provide news, weather, and sports content to carrier customers. The App Growth Platform (AGP) segment, representing about 32% of revenue, operates through acquired companies AdColony and Fyber to provide in-app advertising solutions. This segment offers programmatic advertising platforms that allow app developers and digital publishers to monetize their content through display, native, and video advertisements. The platform uses real-time bidding technology and first-party data to deliver targeted ads to mobile users within applications. Digital Turbine's technology essentially acts as a bridge in the mobile ecosystem, helping app developers reach users more effectively while providing device manufacturers and carriers with additional revenue streams from their hardware and services.
Revenue model
Digital Turbine generates revenue through multiple complementary business models centered around mobile advertising and app distribution. The primary revenue stream comes from performance-based advertising, where the company earns fees when users install apps or engage with content promoted through their platform. This includes cost-per-install (CPI) campaigns where advertisers pay for each successful app installation, and cost-per-engagement models for content consumption. The company also operates programmatic advertising exchanges through its acquired AdColony and Fyber platforms, earning revenue through real-time bidding auctions where advertisers compete to display ads within mobile applications. Digital Turbine takes a percentage of each transaction as a platform fee. Additionally, the company generates licensing revenue from its SingleTap technology, charging device manufacturers and carriers for the right to use their one-click installation capabilities. Revenue growth is primarily driven by expanding the number of devices running Digital Turbine's software, increasing revenue per device through better targeting and premium advertiser relationships, and growing the volume of programmatic advertising transactions. The company benefits from macro trends including increasing mobile device adoption globally, growing mobile advertising spending, and the shift toward performance-based marketing. However, margins can be pressured by several factors. Economic downturns typically reduce advertiser spending, directly impacting revenue. The company faces intense competition from Google Play Store, Apple App Store, and other advertising technology platforms, which can compress pricing. Regulatory changes around data privacy and app distribution, particularly in Europe and potential changes in the United States, could affect the company's ability to target ads effectively or distribute apps. Additionally, Digital Turbine's business is somewhat cyclical, as it depends on new device sales and upgrade cycles, which can be affected by consumer spending patterns and technological innovation cycles.
Competitive moat
Digital Turbine's competitive moat is moderate but faces significant structural challenges. The company's primary advantage lies in its established relationships with wireless carriers and device manufacturers, which create barriers to entry since these partnerships often involve lengthy integration processes and exclusive arrangements. The company has built technical infrastructure that is deeply integrated into the device activation process, making it costly and complex for competitors to replicate these relationships. The company's first-party data capabilities provide some differentiation, as Digital Turbine can leverage device-level information and user behavior patterns to improve ad targeting effectiveness. Their scale, with over 800 million devices in their network, creates network effects where more devices attract more advertisers, which in turn generates better monetization for device partners. However, Digital Turbine's moat is significantly threatened by the dominance of Apple and Google's app stores, which control the primary distribution channels for mobile applications. These tech giants have far greater resources, direct relationships with consumers, and can change policies that affect Digital Turbine's business model. The company also faces regulatory risks, particularly in Europe where the Digital Markets Act may force changes to app distribution, and potential privacy regulations that could limit data collection and targeting capabilities. The competitive landscape includes not only the major platform owners but also other mobile advertising technology companies, programmatic advertising platforms, and direct relationships between advertisers and publishers. Digital Turbine's position is somewhat precarious as it operates in the spaces between these larger players, requiring constant innovation and relationship maintenance to remain relevant. The company's moat is best characterized as narrow and dependent on execution rather than structural advantages.
Risks & safety
Digital Turbine presents moderate financial risk with some concerning leverage metrics but improving operational trends. • **Debt and Solvency**: Debt-to-equity ratio of 2.54 indicates high leverage, though the company maintains $35.3 million in cash and generated positive free cash flow of $3.3 million in Q3 2025 • **Current Liquidity**: Current ratio of 1.06 shows tight working capital management with current assets barely exceeding current liabilities at $254.1 million vs $240.2 million • **Profitability**: Company remains unprofitable with net loss of $23.1 million in Q3 2025, though EBITDA turned positive at $6.8 million • **Valuation**: Trading at 20.4x EV/EBITDA, which appears expensive given the modest EBITDA generation and negative earnings • **Operational Cash Flow**: Positive $10.4 million in Q3 2025, showing improvement from previous quarters' negative cash generation • **Other Considerations**: The company has achieved $25 million in annual cost savings and is projecting $69-71 million adjusted EBITDA for FY 2025, suggesting improving operational efficiency despite revenue headwinds
Recent development
Over the past few years, Digital Turbine has undergone significant strategic transformation focused on three key areas. First, the company has been expanding its global device footprint, adding partnerships with manufacturers like Motorola, Nokia, and Xiaomi while growing international revenues by 100% year-over-year in some regions. The company now operates across over 800 million devices globally and has been working to increase revenue per device through better targeting and premium advertiser relationships. Second, Digital Turbine has been investing heavily in alternative app distribution strategies as a hedge against the dominance of Google Play Store and Apple App Store. This includes developing their DT Hub alternative app store, expanding SingleTap licensing technology to multiple partners, and building relationships with gaming publishers like King, Playtika, and Scopely. The company has also partnered with ONE Store in Korea and is positioning itself to benefit from potential regulatory changes in Europe under the Digital Markets Act. Third, the company has focused on platform consolidation and technology modernization. Digital Turbine completed the integration of major acquisitions including AdColony and Fyber, consolidated their digital advertising exchanges, and migrated to new hosting infrastructure. They've enhanced their SDK bidding capabilities, which now represents over 70% of exchange impressions, and expanded first-party data utilization from 10% to over 40% of their demand network. The company has also implemented significant cost reduction measures, achieving $25 million in annual operating expense savings while investing in AI and machine learning capabilities for better ad targeting and content curation.
APPS company profile · for informational purposes only — not investment advice.
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