Digital Turbine (APPS) financial statements
Digital Turbine reported revenue of $565M in fiscal 2026, up 34.1% a year over 9 years.
Net income was -$38M and the operating margin 6.0%, against -42.2% in 2017.
Free cash flow was $11M.
The diluted share count rose 70% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Digital Turbine's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $40M | $75M | $104M | $139M | $314M | $748M | $666M | $544M | $491M | $565M |
| Cost of revenue | $29M | $50M | $68M | $85M | $179M | $371M | $309M | $262M | $235M | $244M |
| Gross profit | $11M | $25M | $36M | $54M | $135M | $377M | $357M | $282M | $255M | $322M |
| Research and development | $9M | $10M | $11M | $12M | $20M | $53M | $56M | $54M | $39M | $40M |
| Selling, general and admin | $19M | $21M | $21M | $28M | $53M | $202M | $218M | $231M | $235M | $200M |
| Operating income | -$17M | -$6M | $3M | $13M | $59M | $92M | $46M | -$374M | -$54M | $34M |
| Interest expense | — | $2M | $1M | $107,000 | $1M | $8M | $23M | $31M | $35M | $59M |
| Pre-tax income | -$19M | -$21M | -$4M | $4M | $42M | $44M | $22M | -$405M | -$88M | -$31M |
| Income tax | -$144,000 | -$951,000 | $469,000 | -$10M | -$13M | $8M | $5M | $15M | $4M | $6M |
| Net income | -$24M | -$53M | -$6M | $14M | $55M | $36M | $17M | -$420M | -$92M | -$38M |
| EPS (diluted) | -$0.36 | -$0.75 | -$0.08 | $0.16 | $0.57 | $0.35 | $0.16 | -$4.16 | -$0.89 | -$0.33 |
| Diluted shares | 67M | 70M | 77M | 90M | 96M | 103M | 102M | 101M | 104M | 113M |
| Gross margin | 28.0% | 33.5% | 34.3% | 38.7% | 43.0% | 50.4% | 53.6% | 51.8% | 52.0% | 56.9% |
| Operating margin | -42.2% | -7.8% | 3.3% | 9.5% | 18.9% | 12.3% | 6.9% | -68.8% | -11.0% | 6.0% |
| Net margin | -60.3% | -70.7% | -5.8% | 10.0% | 17.5% | 4.8% | 2.5% | -77.2% | -18.8% | -6.7% |
Balance sheet
Fiscal years, from Digital Turbine's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $6M | $13M | $11M | $22M | $31M | $127M | $76M | $34M | $39M | $38M |
| Receivables | $11M | $17M | $23M | $33M | $62M | $263M | $178M | $191M | $182M | $251M |
| Total current assets | $24M | $40M | $37M | $58M | $97M | $411M | $266M | $242M | $243M | $312M |
| Property, plant and equipment | $2M | $3M | $3M | $8M | $13M | $31M | $39M | $46M | $47M | $49M |
| Goodwill | $42M | $42M | $42M | $69M | $80M | $560M | $562M | $220M | $222M | $223M |
| Total assets | $108M | $87M | $83M | $184M | $260M | $1.5B | $1.3B | $866M | $813M | $842M |
| Total current liabilities | $31M | $46M | $38M | $83M | $111M | $385M | $221M | $236M | $223M | $265M |
| Long-term debt | $10M | $4M | $0 | $19M | $0 | $521M | $411M | $383M | $409M | $354M |
| Total liabilities | $46M | $59M | $47M | $107M | $115M | $942M | $659M | $652M | $659M | $641M |
| Shareholders' equity | $62M | $28M | $36M | $77M | $145M | $515M | $605M | $214M | $162M | $200M |
| Net debt | $4M | -$9M | -$11M | -$3M | -$16M | $407M | $335M | $350M | $369M | $323M |
Cash flow
Fiscal years, from Digital Turbine's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$7M | $7M | $1M | $31M | $63M | $85M | $113M | $29M | $12M | $42M |
| Capital spending | $0 | — | — | — | — | — | — | $24M | $27M | $31M |
| Free cash flow | -$7M | — | — | — | — | — | — | $4M | -$16M | $11M |
| Stock-based compensation | $3M | $3M | $2M | $3M | $6M | $19M | $30M | $34M | $34M | $16M |
| Net borrowing | $5M | -$1M | -$2M | $20M | -$5M | $496M | -$124M | -$27M | $25M | -$47M |
| Free cash flow margin | -16.6% | — | — | — | — | — | — | 0.8% | -3.2% | 2.0% |
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Open APPS in InvestinglyQuestions
What was Digital Turbine's revenue in 2026?
$565M in fiscal 2026, from its 10-K filing.
How much free cash flow does Digital Turbine generate?
$11M in fiscal 2026 (operating cash flow minus capital spending).
From Digital Turbine's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.