Digital Turbine, Inc. (APPS) AI Stock Analysis

Digital Turbine, Inc. operates as a mobile growth platform facilitating connections between advertisers, publishers, carriers, and device original equipment manufacturers globally. The company operates through three segments: On Device Media, In App Media – AdColony, and In App Media – Fyber. On Device Media delivers mobile applications across carriers, OEMs, and devices. The In App Media segments offer a content media platform delivering news, weather, sports, and programmatic advertising. Digital Turbine provides display, native, and video advertising solutions for brands and agencies, alongside monetization tools for mobile application developers and digital publishers.

Digital Turbine saw revenue decline from $747.6M in FY2022 to $665.9M in FY2023, $544.5M in FY2024, and $490.5M in FY2025, before rebounding 15.2% to $565.3M in FY2026. Its 5-year revenue CAGR from FY2021 to FY2026 was -5.4%. Net income shifted from $35.5M in FY2022 to -$420.2M in FY2024 and -$37.7M in FY2026. Gross margin rose to 48.6% in FY2026, up from 45.0% in FY2025, while operating margin recovered to 6.0%. Over the trailing twelve months ended June 30, 2026, revenue reached $600.3M with quarterly revenue growth of 26.8% year-over-year, while quarterly earnings declined 42.9%.

As of June 30, 2026, Digital Turbine held $43.2M in cash and short-term investments against $352.9M in total debt, resulting in net debt of $309.7M. Shareholders' equity was $190.6M, yielding a debt-to-equity ratio of 1.85 and a current ratio of 1.20. In FY2026, the company generated $41.8M in operating cash flow and $11.2M in free cash flow. Capital expenditures totaled $30.6M in FY2026, while share buybacks accounted for $873,000. Over five years, the share count increased by 16.8%.

At a share price of $9.56 and a market capitalization of $1.16B, Digital Turbine trades at an enterprise value of $1.71B. The stock carries a forward P/E of 277.8x, compared to the median of 18.8x for its US-listed Technology peers. Its EV/EBITDA multiple of 15.7x sits below the peer median of 16.6x, and its price-to-sales ratio is 1.9x versus 2.8x for peers. Over the past year, APPS gained 36.6%, outperforming the S&P 500's 16.8% return, but over five years the stock fell 88.7% while the S&P 500 rose 83.0%.

Wall Street coverage consists of 3 Strong Buy ratings and 1 Buy rating, with no Hold or Sell recommendations. The mean price target is $17.00, representing a 77.8% upside compared to the last close of $9.56. For the fiscal year ending March 31, 2027, consensus estimates project revenue of $665.2M and EPS of $0.71, reflecting 26.8% EPS growth. Digital Turbine beat EPS estimates in all 4 of its last 4 quarters, and its next earnings date is November 3, 2026.

This page is an AI-written research summary of Digital Turbine, Inc. (APPS). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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