Digital Turbine (APPS) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Digital Turbine

NasdaqCM•Technology•Software - Application

$11.55+0.49(0.04%)Market open

Market Cap

$1.40B

P/S

2.3x

P/B

7.3x

Digital Turbine, Inc., through its subsidiaries, operates a mobile growth platform for advertisers, publishers, carriers, and device original equipment manufacturers (OEMs). It operates through two segments, On Device Solutions and App Growth Platform. The company's application media platform delivers apps to end users through partnerships with wireless carriers and OEMs; and content media platform offers news, weather, sports, and other content, as well as programmatic advertising partner and media content delivery services, and sponsored and editorial content media. It also provides direct campaign management products, such as the DT DSP and DT Offer Wall; ad monetization solutions that allow mobile app publishers and developers to monetize their monthly active users via display, native, and video advertising; brands and agencies, which run mobile brand-awareness campaigns on the direct mobile app inventory; and app developers and other performance-focused advertisers that execute mobile user acquisition campaigns for their apps and products. Its products and solutions are used in the mobile application ecosystem, enabling brand discovery and advertising, user acquisition and engagement, and operational efficiency for advertisers. The company operates in the United States, Canada, Europe, the Middle East, Africa, the Asia Pacific, China, Mexico, Central America, and South America. Digital Turbine, Inc. is headquartered in Austin, Texas.

How this company scores

AverageMetricSide Score: 54/100

Strongest: Growth (20/25); weakest: Cash & Earnings Quality (6/25).

Profitability15/25

Growth20/25

Balance Sheet & Red Flags13/25

Cash & Earnings Quality6/25

Strengths

Growing revenueProfit converts from growthImproving leverageConsistent growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 72.1x5y range 26.6x – 133.3x

Currently near its 7-quarter median.

P/S · 2.3x5y range 0.3x – 9.3x

Currently above its 20-quarter median.

P/B · 7.3x5y range 0.9x – 13.5x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

FCF consistently trails net income (avg 0.4x) — earnings may be inflated by non-cash items or aggressive accounting.

Price & Volume

Market Cap $1.40B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $600.31M
Q. Revenue: $165.98M
TTM EBITDA: $126.68M
TTM Op. Income: $61.76M
Q. Op. Income: $23.06M
TTM Net Income: $-34.96M
Q. Net Income: $-11.33M
EPS: $-0.09
Shares Out.: $120.67M

$600.31M in TTM revenue grew 19.2% YoY, reaching $165.98M last quarter. TTM EBITDA of $126.68M and TTM operating income of $61.76M show growth is flowing through to the bottom line. However, net income is negative at $34.96M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has risen for 6 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 57.2%
EBITDA Margin: 24.0%
Op. Margin: 13.9%
Net Margin: -6.8%

Op. margin of 13.9% is up 17.5% YoY — cost efficiency is improving. Net margin at -6.8% and gross margin of 57.2% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 490% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 2.3x
P/B Ratio: 7.3x

P/S of 2.3x and P/B of 7.3x.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $843.49M
Cash: $42.93M
Long-Term Debt: $343.49M
Book Value: $190.59M
D/E Ratio: 1.8
Debt/EBITDA: 8.6

With $843.49M in assets and $343.49M in long-term debt, D/E is 1.8and book value is $190.59M — moderate leverage. Over the past year, debt/equity is down 31% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $17.86M
TTM Free Cash Flow: $13.58M
FCF Margin: 2.3%
FCF / Net Income: -0.4

TTM FCF of $13.58M on $17.86M in operating cash flow. The FCF / Net Income ratio of -0.4x means the business consumes cash — it is not yet self-funding. Over the past year, free cash flow is down 38% — an improving trend.