APPS on Nasdaq

Digital Turbine

Logo: digitalturbine.com4

Mobile internet company based in Wilmington1

In its 2026 annual report the company says: “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 publishers and developers.”8 Its shares trade on Nasdaq under the symbol APPS.1

Price unavailable

Last updated Oct 21, 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
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.8 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

Revenue9101112135$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 profit14101112135$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 income9101112135$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 income9101112135-$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

Corporate structure

Digital Turbine sits at the top of its group. 33 entities, 17 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Digital Turbine

  • Digital Turbine Wilmington, Delaware, United States
    • AdColony AB Subsidiary · Sweden
    • AdColony ApS Subsidiary · Denmark
    • AdColony Holding AS Subsidiary · Norway
    • AdColony Holdings US, Inc. Subsidiary · Delaware, United States
    • AdColony India Pte Ltd Subsidiary · India
    • AdColony Japan LLC Subsidiary · Japan
    • AdColony Korea Ltd Subsidiary · South Korea
    • AdColony Poland sp.z.o.o Subsidiary · Poland
    • AdColony Singapore Pte Ltd Subsidiary · Singapore
    • Digital Turbine (EMEA) Ltd. Subsidiary · Israel
    • Digital Turbine (IL) Ltd. (fka Fyber Monetization Ltd.) Subsidiary · Israel
    • Digital Turbine AdColony AS Subsidiary · Norway
    • Digital Turbine Asia Pacific Pty Ltd. Subsidiary · Australia
    • Digital Turbine Germany GmbH Subsidiary · Germany
    • Digital Turbine LATAM Servicos de Intermediacao de Midia LTDA. Subsidiary · Brazil
    • Digital Turbine Luxembourg S.a.r.l. Subsidiary · Luxembourg
    • Digital Turbine Media, Inc. Subsidiary · Austin, Texas, United States
    • Digital Turbine Reklam Pazarlama VE Ticart Anonim Sirketi (fka Mobilike Mobil Reklam Pazarlama VE Ticaret A.S.) Subsidiary · Turkey
    • Digital Turbine Singapore Pte Ltd. Subsidiary · Singapore
    • Digital Turbine USA, Inc. Subsidiary · Delaware, United States
    • DT One App Store, Inc. Subsidiary · Delaware, United States
    • Fyber B.V. Subsidiary · Netherlands
    • Fyber Digital UK Ltd. Subsidiary · United Kingdom
    • Fyber Media GmbH Subsidiary · Germany
    • Fyber RTB GmbH Subsidiary · Germany
    • and 7 more

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Digital Turbine reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$160.9M5 Mar 31, 2026$128.8M5 Mar 31, 2025+24.9%
Accumulated depreciation$111.8M5 Mar 31, 2026$81.9M5 Mar 31, 2025+36.6%
Property and equipment, net$49.1M5 Mar 31, 2026$47.0M5 Mar 31, 2025+4.6%
Operating-lease assets (leased space)$7.7M5 Mar 31, 2026$9.9M5 Mar 31, 2025−22.0%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$37.7M5 Mar 31, 2026$39.4M5 Mar 31, 2025−4.2%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$223.1M5 Mar 31, 2026$221.7M5 Mar 31, 2025+0.6%
Intangible assets, net (excluding goodwill)$217.4M5 Mar 31, 2026$257.7M5 Mar 31, 2025−15.6%
Accumulated amortization$175.4M5 Mar 31, 2026$203.2M5 Mar 31, 2025−13.7%
Finite-lived intangibles, net$217.4M5 Mar 31, 2026$257.7M13 Mar 31, 2025−15.6%

Properties, in its own words

The Company leases its offices and does not own any real estate. Our corporate headquarters are located in Austin, Texas and currently consists of approximately 9,800 square feet expiring on November 30, 2028. The Company also leases properties, primarily for office space, in Durham, North Carolina, New York, New York, and San Francisco, California in the U.S. Internationally, the Company leases properties, primarily for office space, in Singapore, Warsaw, Poland, Istanbul, Turkey, Berlin, Germany, Beijing, China and Tel Aviv, Israel. We believe that our facilities are adequate to meet our needs for the immediate future and that, should it be needed, we will be able to secure additional space to accommodate expansion of our operations.

Item 2 of the 10-K filed May 26, 2026.8

Stakes and holdings (Wikidata)

Things Wikidata records the company as owning, with the share when stated.1

Leadership

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

Board members and other officers (34)

Subsidiaries and ownership

Also owns

Subsidiaries (Exhibit 21)

  • AdColony AB Sweden7
  • AdColony AS Norway7
  • AdColony ApS Denmark7
  • AdColony GmbH Germany7
  • AdColony Holding AS Norway7
  • AdColony Holdings US, Inc. Delaware, USA7
  • AdColony India Pte Ltd India7
  • AdColony Japan LLC Japan7
  • AdColony Korea Ltd South Korea7
  • AdColony Poland sp.z.o.o Poland7
  • AdColony Singapore Pte Ltd Singapore7
  • AdColony, Inc. Delaware, USA7
  • DT One App Store, Inc. Delaware, USA7
  • Digital Turbine (EMEA) Ltd. Israel7
  • Digital Turbine (IL) Ltd. (fka Fyber Monetization Ltd.) Israel7
  • Digital Turbine AdColony AS Norway7
  • Digital Turbine Asia Pacific Pty Ltd. Australia7
  • Digital Turbine Germany GmbH Germany7
  • Digital Turbine LATAM Servicos de Intermediacao de Midia LTDA. Brazil7
  • Digital Turbine Luxembourg S.a.r.l. Luxembourg7
  • Digital Turbine Media, Inc. Delaware, USA7
  • Digital Turbine Reklam Pazarlama VE Ticart Anonim Sirketi (fka Mobilike Mobil Reklam Pazarlama VE Ticaret A.S.) Turkey7
  • Digital Turbine Singapore Pte Ltd. Singapore7
  • Digital Turbine USA, Inc. Delaware, USA7
All 38 listed subsidiaries
  • Digital Turbine, Inc. Delaware, USA7
  • Fyber B.V. The Netherlands7
  • Fyber Digital UK Ltd. United Kingdom7
  • Fyber GmbH Germany7
  • Fyber Inc. California, USA7
  • Fyber Media GmbH Germany7
  • Fyber RTB GmbH Germany7
  • In APP Video Services UK LTD United Kingdom7
  • Inneractive USA Inc. New York, USA7
  • Mobile Posse, Inc. Delaware, USA7
  • One Store App NL The Netherlands7
  • Pocketgear Deutschland GmBH Germany7
  • Triapodi Inc. Delaware, USA7
  • Triapodi Ltd. (d/b/a Appreciate) Israel7

From Wikidata.1 The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

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. Oct 1, 20268-K Other events62
  2. Sep 24, 20268-K Executive or director change63
  3. Sep 8, 20268-K Executive or director change64
  4. Aug 25, 20268-K Executive or director change; Shareholder vote65
  5. Aug 5, 20268-K Results of operations66
  6. Aug 4, 20268-K Results of operations67
  7. May 26, 20268-K Results of operations68
  8. Apr 23, 20268-K Entered a material agreement69
  9. Feb 3, 20268-K Results of operations70
  10. Nov 7, 20258-K Executive or director change71
  11. Nov 4, 20258-K Results of operations72
  12. Oct 22, 20258-K Other events73
  13. Mar 12, 2008New chief executive Bruce L. Stein becomes CEO19
  14. Feb 15, 2008New chief executive Ian Aaron becomes CEO18
  15. Sep 14, 2007Founded Digital Turbine is founded3
  16. Apr 19, 2007New chief executive Robert S. Ellin becomes CEO20

Calendar

Coming up

  1. Nov 3, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.10 a share, on Nov 4, 2025.74

When it reported results

  1. Aug 5, 2026Reported quarterly or annual results66
  2. Aug 4, 2026Reported quarterly or annual results67
  3. May 26, 2026Reported quarterly or annual results68
  4. Feb 3, 2026Reported quarterly or annual results70
  5. Nov 4, 2025Reported quarterly or annual results72
  6. Aug 5, 2025Reported quarterly or annual results75
  7. Jun 16, 2025Reported quarterly or annual results76
  8. Feb 5, 2025Reported quarterly or annual results77

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

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.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2026William G. Stone III58$650.0K$4.8M83
2026Stephen A. Lasher$450.0K$2.4M83
2026Michael Akkerman41$450.0K$2.2M83
2026Senthil Kanagaratnam$450.0K$1.9M83
2026Joshua Kinsell41$315.0K$808.9K83
2025Former Chief Financial Officer$450.0K$4.9M83
2025Chief Executive Officer$650.0K$2.5M83
2025Chief Business Officer$410.0K$2.0M83
2025Former Chief Technology Officer$450.0K$1.5M83
2025Interim Chief Financial Officer and Chief Accounting Officer$300.0K$1.0M83
2024Chief Executive Officer$650.0K$6.8M83
2024Former Chief Technology Officer$420.0K$1.9M83

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).

SEC filer profile

How Digital Turbine is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARDigital Turbine, Inc.2
  • CIK0000317788
  • Employer ID (EIN)22-22676588
  • Filer statusAccelerated filer not an emerging growth company; not a smaller reporting company; not a shell company8
  • Incorporated inDelaware8
  • Fiscal year endsMarch 312
  • Industry code (SIC)6794 Patent Owners & Lessors2
  • SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance2
  • Business address111 Nueces Street, Austin, TX 787012
  • Phone(512) 387-77172
  • Shares outstanding121,016,250 as of Jul 31, 202617
  • Public float$675.0M as of Sep 30, 20258
  • AuditorGRANT THORNTON LLP, Austin, Texas PCAOB ID 248; it also attests to the company’s internal control over financial reporting8
  • On EDGAR sinceDec 22, 19952
  • Filings1,407 in all: 4 (554), 8-K (285), 10-Q (57), 3 (50), SC 13D/A (43), 10QSB (39), SC 13G/A (31), 8-K/A (24)2
    All 62 form types

    NT 10-Q (23), 10-K (19), SC 13G (19), CORRESP (17), NT 10-K (17), SC 13D (16), DEF 14A (15), 425 (14), UPLOAD (14), 10KSB (12), 4/A (12), 10-Q/A (9), 144 (9), S-8 (8), 10-K/A (7), 424B5 (7), EFFECT (7), SB-2/A (7), DEFA14A (6), REGDEX (6), 10QSB/A (5), S-3 (5), CT ORDER (4), DEF 14C (4), PRE 14C (4), S-2/A (4), S-3/A (4), 424B3 (3), ARS (3), PRE 14A (3), REGDEX/A (3), S-1/A (3), S-4/A (3), 10KSB40 (2), 424B7 (2), D (2), POS AM (2), RW (2), S-1 (2), S-2 (2), S-3ASR (2), S-4 (2), SCHEDULE 13G (2), SCHEDULE 13G/A (2), 10-KT (1), 10KSB/A (1), 18-K (1), 424B4 (1), 8-A12B (1), CERTNAS (1), NTN 10Q (1), PRER14A (1), S-3MEF (1), SB-2 (1)

  • Latest filingsAnnual report (10-K) May 26, 2026
    Quarterly report (10-Q) Aug 5, 2026
    Proxy statement (DEF 14A) Jul 13, 2026
    Latest 8-K (8-K) Oct 1, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, Par Value $0.0001 Per ShareAPPSThe Nasdaq Stock Market LLC

From the cover page of the 10-K filed May 26, 2026 (Section 12(b) of the Exchange Act).8

Risk factors and legal proceedings

The risks Digital Turbine names in Item 1A of its 10-K filed May 26, 2026: 55 risks under these headings, as written.8

  • Risks Specific to Our Business
  • We may not achieve the expected benefits of our transformation program and similar measures we take in the future, and our efforts may adversely affect our business.
  • We have a history of net losses, may incur substantial net losses in the future, and may not achieve or sustain profitability in the future.
  • We have a limited operating history for our current portfolio of assets, which may make it difficult to evaluate our business.
  • Our operations are global in scope, and we face added business, political, regulatory, legal, operational,
  • financial, and economic risks as a result of our international operations and distribution, any of which could increase our costs, hinder our operations, and return to growth.
  • Our financial results could vary significantly from period-to-period and are difficult to predict.
  • A significant portion of our revenue is currently being derived from a limited number of wireless carriers and customers. If any one of these carriers or customers were to terminate their agreement with us or if they were unable to fulfill their payment obligations, our financial condition and results of operations would suffer.
  • The development and use of AI in our business, combined with an uncertain regulatory environment, may adversely affect our business, reputation, financial condition, or results of operations.
  • System security risks, data protection breaches, cyber-attacks, and systems integration issues could disrupt our internal operations or information technology services provided to customers, and any such disruption could reduce our expected revenue, increase our expenses, damage our reputation, and adversely affect our stock price.
  • Our business may involve the use, transmission, and storage of confidential information and personally identifiable information, and the failure to properly safeguard such information could result in significant reputational harm and monetary damages.
  • The effects of the current and any future general downturns in the U.S. and the global economy, including financial market disruptions, could harm the economic health of advertisers and the overall demand for advertising, which could have an adverse impact on our business, operating results, or financial condition.
The other 44 risks
  • Our products, services, and systems rely on software that is highly technical, and if it contains errors or viruses, our business could be adversely affected.
  • Our business and reputation are impacted by information technology system failures and network disruptions.
  • Our business may suffer if we are unable to hire and retain key talent who are in high demand.
  • Our corporate culture has contributed to our success, and if we cannot maintain this culture, we could lose the innovation, creativity, passion, and teamwork that we believe contribute to our success and our business may be harmed.
  • We plan to continue to review opportunities and possibly make acquisitions, which could require significant management attention, disrupt our business, result in dilution to our stockholders, and adversely affect our financial condition and results of operations.
  • Adverse developments affecting the financial services industry, including events or concerns involving liquidity, defaults, or non-performance by financial institutions, could adversely affect our business, financial condition, or results of operations.
  • Entry into new lines of business, and our offering of new products and services, resulting from our investments may result in exposure to new risks.
  • Litigation may harm our business.
  • Risks Related to the Mobile Advertising Industry
  • The mobile advertising business is an intensely competitive industry, and we may not be able to compete successfully.
  • The markets for our products and services are rapidly evolving and may decline or experience limited growth, and if we fail to timely release updates and new features and AI capabilities and adapt and respond effectively to rapidly changing technology, evolving industry standards, changing regulations, or changing customer needs, requirements, or preferences, we may become less competitive.
  • Our business is dependent on the continued growth in usage of smartphones, tablets, and other mobile connected devices.
  • Wireless communication technologies are changing rapidly, and we may not be successful in working with these new technologies.
  • The complexity of and incompatibilities among mobile devices may require us to use additional resources for the development of our products and services.
  • If wireless subscribers do not continue to use their mobile devices to access mobile content and other applications, our business growth and future revenue may be adversely affected.
  • A shift of technology platform by wireless carriers and mobile device manufacturers could lengthen the development period for our offerings, increase our costs, and cause our offerings to be of lower quality or to be published later than anticipated.
  • Actual or perceived security vulnerabilities in mobile devices or wireless networks could adversely affect
  • our revenue.
  • We may be subject to legal liability (including potential issues with the use of intellectual property) associated with providing mobile and online services.
  • Public health issues, such as a major epidemic or pandemic, could adversely affect our business or financial results.
  • Disruption to our business operations as a result of war and hostilities in the Middle East and other conditions in Israel that affect our operations may limit our ability to develop, produce, and sell our products.
  • Russia’s invasion of and ongoing war in Ukraine has caused, and is currently expected to continue to
  • cause, negative effects on geopolitical conditions and the global economy, including financial markets, inflation, and the global supply chain, which could have an adverse impact on our business, operating results, and financial condition.
  • Adverse changes in the geopolitical relationship between the U.S. and China or changes in China’s economic and regulatory landscape could have an adverse effect on business conditions.
  • Risks Related to Laws and Regulations
  • We are subject to rapidly changing and increasingly stringent laws, contractual obligations, and industry standards relating to data governance, privacy, and data security. The restrictions and costs imposed by these legal requirements, or our actual or perceived failure to comply with them, could harm our business.
  • We are subject to anti-bribery, anti-corruption and similar laws and non-compliance with such laws can subject us to criminal penalties or significant fines and harm our business and reputation.
  • We are subject to governmental economic sanctions requirements and export and import controls that could impair our ability to compete in international markets or subject us to liability if we are not in compliance with applicable laws.
  • Our ability to use our net operating losses, credits, and certain other tax attributes to offset future taxable income or taxes may be subject to certain limitations.
  • We rely on our current understanding of regional regulatory requirements pertaining to the marketing, advertising, and promotion of our products and services, and any adverse change in such regulations, or a finding that we did not properly understand such regulations, may significantly impact our ability to market, advertise, and promote our products and services and thereby adversely impact our revenue, our operating results, and our financial condition.
  • Government regulation of our marketing methods could restrict our ability to adequately advertise and promote our content, products, and services available in certain jurisdictions.
  • Risks Related to Our Intellectual Property and Potential Liability
  • Third parties may obtain and improperly use our intellectual property; and if so, our competitive position may be adversely affected, particularly if we do not, or are unable to, adequately protect our intellectual property rights.
  • Third parties may sue us for intellectual property infringement, which may prevent or limit our use of the intellectual property and disrupt our business and could require us to pay significant damage awards.
  • Our platform contains third-party, open source software components, which may pose particular risks to our proprietary software, technologies, and solutions in a manner that could negatively affect our business.
  • Indemnity provisions in various agreements potentially expose us to substantial liability for intellectual property infringement, damages caused by malicious software, and other losses.
  • Risks Relating to Our Common Stock and Capital Structure
  • We have significant indebtedness, a portion of which the Company intends to refinance, which could limit our financial flexibility.
  • To service our debt and fund our other capital requirements, we will require a significant amount of cash and our ability to generate cash will depend on many factors beyond our control.
  • The market price of our common stock is likely to be highly volatile and subject to wide fluctuations, and you may be unable to resell your shares at or above the current price.
  • We may choose to raise additional capital to pay down debt or to finance the purchase price of acquisitions or to otherwise grow our business, and we may not be able to raise capital to grow our business on terms acceptable to us or at all and any such sales of common stock could cause substantial dilution to existing stockholder or depress our stock price.
  • If securities or industry analysts do not publish research or reports about our business, or if they downgrade their recommendations regarding our common stock, our stock price and trading volume could decline.
  • We do not anticipate paying dividends.
  • If our goodwill becomes impaired, we may be required to record a significant charge to earnings.
  • Failure to maintain effective internal control over financial reporting could result in material misstatements in our financial statements, and a failure to meet its reporting and financial obligations, each of which could adversely affect our results of operations and financial condition.
  • Maintaining and improving our financial controls and the requirements of being a public company may strain our resources, divert management’s attention, and affect our ability to attract and retain qualified members for our Board of Directors.
  • Anti-takeover provisions in our charter documents and under Delaware law could make an acquisition of our company more difficult, limit attempts by our stockholders to replace or remove our current management, and limit the market price of our common stock.
  • Our bylaws designate the Court of Chancery of the State of Delaware as the exclusive forum for certain disputes between us and our stockholders.

Legal proceedings

The information required by this Item 3 is incorporated herein by reference to the information set forth under the caption “Legal Matters” in Note 17— Commitments and Contingencies, in the notes to the consolidated financial statements in Part II, Item 8 of this Annual Report.

The opening of Item 3, Legal Proceedings.8

Sources

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