15 years of revenue, profit, cash flow and balance-sheet history through FY2026,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 12.5% per year over the past 5 years.
Operating margin has contracted, at 6.0% in the latest year.
Free cash flow has grown 59.5% per year over the past 5 years.
Financial health
Total debt ($361M) exceeds cash ($38M); net debt is $323M.
Total debt has grown faster than revenue (90.1% vs 12.5% per year).
Total debt is 3.4× EBITDA.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2026
$565M
-$38M
56.9%
6.0%
$11M
$361M
$38M
2025
$491M
-$92M
52.0%
-11.0%
-$16M
$409M
$39M
2024
$544M
-$420M
51.8%
-68.8%
$4M
$383M
$33M
2023
$666M
$17M
53.6%
6.9%
—
$411M
$75M
2022
$748M
$36M
50.4%
12.3%
—
$533M
$127M
2021
$314M
$55M
43.0%
18.9%
—
$15M
$31M
2020
$139M
$14M
39.7%
9.5%
—
$20M
$22M
2019
$104M
-$6M
34.3%
3.3%
—
$0
$11M
2018
$75M
-$53M
33.5%
-7.8%
—
$4M
$13M
2017
—
-$24M
—
—
—
$10M
$6M
2016
—
-$28M
—
—
—
$10M
$11M
2015
—
-$25M
—
—
—
$11M
$7M
2014
—
-$19M
—
—
—
—
$22M
2013
—
-$14M
—
—
—
$1M
$1M
2012
—
-$31M
—
—
—
$3M
$9M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$143M
-$7M
59.3%
7.4%
—
$361M
$38M
Dec '25
$151M
$5M
57.4%
14.3%
—
$355M
$40M
Sep '25
$140M
-$21M
55.1%
4.7%
—
$396M
$39M
Jun '25
$131M
-$14M
55.6%
-3.6%
—
$401M
$33M
Mar '25
$119M
-$19M
55.4%
-9.8%
—
$409M
$39M
Dec '24
$135M
-$23M
48.0%
-9.5%
—
$408M
$35M
Sep '24
$119M
-$25M
52.6%
-11.4%
—
$408M
$32M
Jun '24
$118M
-$25M
52.7%
-13.6%
—
$394M
$35M
Mar '24
$112M
-$237M
52.3%
-185.2%
—
$383M
$33M
Dec '23
$143M
-$14M
50.7%
-6.5%
—
$374M
$49M
Sep '23
$143M
-$161M
52.0%
-106.5%
—
$384M
$58M
Jun '23
$146M
-$8M
52.5%
-3.2%
—
$406M
$59M
Mar '23
$140M
-$14M
48.9%
-6.5%
—
$411M
$75M
Dec '22
$162M
$4M
54.8%
6.0%
—
$422M
$79M
Sep '22
$175M
$12M
56.0%
12.1%
—
$447M
$83M
Jun '22
$189M
$15M
53.7%
13.0%
—
$473M
$89M
Mar '22
$184M
$20M
53.1%
14.9%
—
$533M
$127M
Dec '21
$217M
$7M
49.7%
13.4%
—
$354M
$115M
Sep '21
$189M
-$6M
51.5%
8.8%
—
$257M
$96M
Jun '21
$158M
$14M
47.0%
12.1%
—
$254M
$83M
Valuation over time
How the market has priced APPS against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 89.3× (Mar '23) to 18.9× (Mar '24).
The price-to-sales ratio has fallen from 2.2× (Mar '23) to 2.2× (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is APPS growing its revenue and profit?
Over the past 5 years, Digital Turbine, Inc.'s revenue has grown 12.5% per year. These are computed facts, not advice.
How much debt does APPS have?
As of FY2026, Digital Turbine, Inc. reported $361M of total debt against $38M of cash.
What is APPS's profit margin?
In FY2026, gross margin was 56.9%, operating margin 6.0%, and net margin -6.7%.
What is APPS's P/E ratio?
As of Jun '26, Digital Turbine, Inc. traded at a price-to-earnings ratio of about 18.9× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.