APPS Stock Analysis: Digital Turbine | NASDAQ

Software - Application | NASDAQ, USA | Market Cap: 1.150m USD | 12M Return: 142.1% | Charts, Fundamentals & Technical Analysis

Mobile Advertising, App Delivery, Ad Monetization, Programmatic Advertising

Total Rating 59

Safety 39

Buy Signal 1.05

Software - Application
Industry Rotation: +8.6

Market Cap: 1.15B
Avg Turnover: 23.6M

Risk 3d forecast

Volatility138%

VaR 5^th Pctl20.2%

VaR vs Median-9.75%

Reward TTM

Sharpe Ratio1.31

Rel. Str. IBD99.4

Rel. Str. Peer Group98.8

Character TTM

Beta3.714

Beta Downside1.602

Hurst Exponent0.607

Drawdowns 3y

Max DD87.26%

CAGR/Max DD0.14

CAGR/Mean DD0.23

EPS (Earnings per Share)

EPS CAGR: -6.14%
EPS Trend: -21.9%

Last SUE: 1.71
Qual. Beats: 4

Revenue

Rev. CAGR: -2.55%
Rev. Trend: -31.8%

Last SUE: 1.47
Qual. Beats: 1

Warnings

High Debt/EBITDA With Thin Interest Coverage

Interest Coverage Ratio Critical

Altman Z'' In Financial Distress Zone

Extended 1w

Tailwinds

Rs Leader

Idiosyncratic Leader

Ep Pivot

Seasonality 11.6 years of data

Jan +0.0% 7

Feb +2.7% 5

Mar -3.2% 8

Apr +1.6% 7

May +0.9% 7

Jun +3.5% 29

Jul +1.3% 17

Aug +1.5% 11

Sep -2.3% 0

Oct -1.4% 11

Nov +10.7% 22

Dec -2.9% 11

How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.

Description: APPS Digital Turbine

Digital Turbine, Inc. operates a mobile growth platform connecting advertisers, publishers, wireless carriers, and device OEMs within the mobile application ecosystem. The company is organized into two reporting segments: On Device Solutions, which delivers apps to end users via carrier and OEM partnerships, and App Growth Platform, which provides programmatic advertising, sponsored content, and content media services.

The company offers a range of products including the DT DSP and DT Offer Wall for direct campaign management, ad monetization tools for app developers (spanning display, native, and video formats), brand-awareness solutions for agencies, and user acquisition services for performance-focused advertisers. Its platform supports the full mobile app lifecycle, from discovery and advertising to user engagement and monetization.

Digital Turbine maintains a global footprint, operating across North America, Europe, the Middle East, Africa, the Asia Pacific (including China), Mexico, Central America, and South America. The company is headquartered in Austin, Texas, and trades on NASDAQ under the ticker APPS. As a small-cap stock in the application software sub-industry, it operates in the mobile ad-tech sector, where revenue is typically driven by app install campaigns, programmatic ad spend, and OEM/carrier distribution agreements.

Headlines to Watch Out For

Apple privacy changes pressure mobile ad targeting revenue
Carrier and OEM partnership renewals drive On Device Solutions growth
Restructuring and debt reduction focus to restore margins

Piotroski VR-10 (Strict) 3.0

Net Income: -37.7m TTM > 0 and > 6% of Revenue
FCF/TA: 0.01 > 0.02 and ΔFCF/TA 2.21 > 1.0
NWC/Revenue: 7.71% < 20% (prev 4.13%; Δ 3.58% < -1%)
CFO/TA 0.05 > 3% & CFO 41.8m > Net Income -37.7m
Net Debt (338.8m) to EBITDA (52.8m): 6.41 < 3
Current Ratio: 1.16 > 1.5 & < 3
Outstanding Shares: last quarter (112.9m) vs 12m ago 7.11% < -2%
Gross Margin: 48.59% > 18% (prev 44.99%; Δ 3.60% > 0.5%)
Asset Turnover: 68.33% > 50% (prev 60.34%; Δ 7.98% > 0%)
Interest Coverage Ratio: -0.46 > 6 (EBIT TTM -27.1m / Interest Expense TTM 58.6m)

Altman Z'' -2.38

A: 0.05 (Total Current Assets 311.9m - Total Current Liabilities 268.3m) / Total Assets 841.7m
B: -0.86 (Retained Earnings -725.2m / Total Assets 841.7m)
C: -0.03 (EBIT TTM -27.1m / Avg Total Assets 827.3m)
D: 0.30 (Book Value of Equity 192.2m / Total Liabilities 649.5m)
Altman-Z'' = -2.38 = D

Beneish M -2.93

DSRI: 1.15 (Receivables 251.2m/190.1m, Revenue 565.3m/490.5m)
GMI: 0.93 (GM 44.99% / 48.59%)
AQI: 0.90 (AQ_t 0.57 / AQ_t-1 0.63)
SGI: 1.15 (Revenue 565.3m / 490.5m)
TATA: -0.09 (NI -37.7m - CFO 41.8m) / TA 841.7m)
Beneish M = -2.93 (Cap -4..+1) = A

What is the price of APPS shares?

As of August 06, 2026, the stock is trading at USD 13.17 with a total of 20,530,810 shares traded. Over the past week, the price has changed by +62.19%, over one month by +17.80%, over three months by +238.56% and over the past year by +142.10%.

Current recommended Stop Loss: 12.20 (which is 7.4% or 1.2 ATR below the current price).

Is APPS a buy, sell or hold?

Digital Turbine has received a consensus analysts rating of 3.50. Therefore, it is recommended to hold APPS.

StrongBuy: 1
Buy: 0
Hold: 0
Sell: 1
StrongSell: 0

What are the forecasts/targets for the APPS price?

Analysts Target Price	11	-16.5%

Digital Turbine (APPS) - Fundamental Data Overview as of 06 August 2026

Market Cap USD = 1.15b (1.15b USD * 1.0 USD.USD)
P/E Forward = 200.0
P/S = 2.0347
P/B = 5.0752
P/EG = 0.6925
Revenue TTM = 565.3m USD
EBIT TTM = -27.1m USD
EBITDA TTM = 52.8m USD
Long Term Debt = 353.9m USD (from longTermDebt, last quarter)
Short Term Debt = 10.2m USD (from shortTermDebt, last quarter)
Debt = 376.8m USD (from shortLongTermDebtTotal, last quarter) + Leases 7.93m
Net Debt = 338.8m USD (calculated: Debt 376.8m - CCE 38.0m)
Enterprise Value = 1.49b USD (1.15b + Debt 376.8m - CCE 38.0m)
Interest Coverage Ratio = -0.46 (Ebit TTM -27.1m / Interest Expense TTM 58.6m)
EV/FCF = 133.1x (Enterprise Value 1.49b / FCF TTM 11.2m)
FCF Yield = 0.75% (FCF TTM 11.2m / Enterprise Value 1.49b)
FCF Margin = 1.98% (FCF TTM 11.2m / Revenue TTM 565.3m)
Net Margin = -6.68% (Net Income TTM -37.7m / Revenue TTM 565.3m)
Gross Margin = 48.59% ((Revenue TTM 565.3m - Cost of Revenue TTM 290.6m) / Revenue TTM)
Gross Margin QoQ = 7.55% (prev 91.94%)
Tobins Q-Ratio = 1.77 (Enterprise Value 1.49b / Total Assets 841.7m)
Interest Expense / Debt = 15.55% (Interest Expense 58.6m / Debt 376.8m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = -21.4m (EBIT -27.1m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 1.16 (Total Current Assets 311.9m / Total Current Liabilities 268.3m)
Debt / Equity = 1.96 (Debt 376.8m / totalStockholderEquity, last quarter 192.2m)
Debt / EBITDA = 6.41 (Net Debt 338.8m / EBITDA 52.8m)
Debt / FCF = 30.29 (Net Debt 338.8m / FCF TTM 11.2m)
Total Stockholder Equity = 171.8m (last 4 quarters mean from totalStockholderEquity)
RoA = -4.56% (Net Income -37.7m / Total Assets 841.7m)
RoE = -21.96% (Net Income TTM -37.7m / Total Stockholder Equity 171.8m)
RoCE = -5.15% (EBIT -27.1m / Capital Employed (Equity 171.8m + L.T.Debt 353.9m))
RoIC = -3.85% (negative operating profit) (NOPAT -21.4m / Invested Capital 555.3m)
WACC = 17.38% (E(1.15b)/V(1.53b) * Re(19.05%) + D(376.8m)/V(1.53b) * Rd(15.55%) * (1-Tc(0.21)))
Discount Rate = 19.05% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 76.68 | Cagr: 4.15%
[DCF] Terminal Value 50.29% ; FCFF base≈11.2m ; Y1≈11.2m ; Y5≈11.9m
[DCF] Fair Price = N/A (negative equity: EV 73.1m - Net Debt 338.8m = -265.7m; debt exceeds intrinsic value)
EPS Correlation: -21.86 | EPS CAGR: -6.14% | SUE: 1.71 | # QB: 4
Revenue Correlation: -31.77 | Revenue CAGR: -2.55% | SUE: 1.47 | # QB: 1
EPS current Quarter (2026-09-30): EPS=0.17 | Chg30d=-5.56% | Revisions=+25% | Analysts=2
EPS next Quarter (2026-12-31): EPS=0.21 | Chg30d=-4.55% | Revisions=+25% | Analysts=2
EPS current Year (2027-03-31): EPS=0.73 | Chg30d=-3.51% | Revisions=+40% | GrowthEPS=+30.9% | GrowthRev=+13.6%
EPS next Year (2028-03-31): EPS=0.98 | Chg30d=-7.08% | Revisions=+0% | GrowthEPS=+34.3% | GrowthRev=+11.0%
[Analyst] Revisions Ratio: +57% (up=4, down=0)