APPS Stock Analysis: Digital Turbine | NASDAQ

Mobile Advertising, App Monetization, Content Delivery, User Acquisition

Total Rating 56

Safety 43

Buy Signal 0.36

Software - Application
Industry Rotation: +9.3

Market Cap: 1.27B
Avg Turnover: 32.4M

Risk 3d forecast

Volatility89.7%

VaR 5^th Pctl13.0%

VaR vs Median-11.2%

Choppyness75.9%

Reward TTM

Sharpe Ratio0.90

Rel. Str. IBD98

Rel. Str. Peer Group97.2

Character TTM

Beta2.717

Beta Downside1.424

Hurst Exponent0.578

Drawdowns 3y

Max DD82.86%

CAGR/Max DD0.27

CAGR/Mean DD0.53

EPS (Earnings per Share)

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

Last SUE: 1.71
Qual. Beats: 4

Revenue

Rev. CAGR: 2.60%
Rev. Trend: 35.2%

Last SUE: 2.78
Qual. Beats: 2

Warnings

Interest Coverage Ratio Critical

Altman Z'' In Financial Distress Zone

Choppy

Below Avwap Earnings

Tailwinds

Rs Leader

Idiosyncratic Leader

Seasonality 11.7 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 +2.0% 17

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 (APPS) operates a mobile growth platform that connects advertisers, publishers, wireless carriers, and device manufacturers (OEMs) across the global mobile application ecosystem. The company reports through two segments: On Device Solutions, which delivers apps and content directly to end users via carrier and OEM partnerships, and App Growth Platform, which provides programmatic advertising, direct campaign management tools (including the DT DSP and DT Offer Wall), and monetization solutions for app publishers and developers. Its services support brand awareness campaigns, user acquisition, ad monetization across display, native, and video formats, and content delivery such as news, weather, and sports. Digital Turbine is headquartered in Austin, Texas, and operates internationally across North America, Europe, the Middle East, Africa, Asia Pacific (including China), and Latin America.

As an Application Software company in the Information Technology sector, Digital Turbine sits at the intersection of mobile advertising, which has become the dominant channel within digital ad spending, and the broader mobile app economy, where user acquisition costs and on-device media placements are core revenue drivers for publishers and brand advertisers alike.

Headlines to Watch Out For

Carrier and OEM partnership renewals drive On Device Solutions revenue
App Growth Platform faces competition from Google and Apple ad networks
International expansion in EMEA and APAC offsets domestic saturation
Programmatic advertising demand recovery boosts content media platform margins

Piotroski VR-10 (Strict) 4.5

Net Income: -26.8m TTM > 0 and > 6% of Revenue
FCF/TA: 0.03 > 0.02 and ΔFCF/TA 3.39 > 1.0
NWC/Revenue: 9.44% < 20% (prev 4.47%; Δ 4.97% < -1%)
CFO/TA 0.06 > 3% & CFO 50.9m > Net Income -26.8m
Net Debt (312.9m) to EBITDA (79.3m): 3.94 < 3
Current Ratio: 1.20 > 1.5 & < 3
Outstanding Shares: last quarter (120.7m) vs 12m ago 13.17% < -2%
Gross Margin: 49.08% > 18% (prev 45.34%; Δ 3.74% > 0.5%)
Asset Turnover: 72.25% > 50% (prev 61.52%; Δ 10.73% > 0%)
Interest Coverage Ratio: 0.23 > 6 (EBIT TTM 14.4m / Interest Expense TTM 61.5m)

Altman Z'' -1.95

A: 0.07 (Total Current Assets 333.3m - Total Current Liabilities 276.6m) / Total Assets 843.5m
B: -0.86 (Retained Earnings -728.3m / Total Assets 843.5m)
C: 0.02 (EBIT TTM 14.4m / Avg Total Assets 830.9m)
D: 0.29 (Book Value of Equity 190.6m / Total Liabilities 652.9m)
Altman-Z'' = -1.95 = D

Beneish M -3.01

DSRI: 1.04 (Receivables 263.1m/213.1m, Revenue 600.3m/503.4m)
GMI: 0.92 (GM 45.34% / 49.08%)
AQI: 0.87 (AQ_t 0.54 / AQ_t-1 0.62)
SGI: 1.19 (Revenue 600.3m / 503.4m)
TATA: -0.09 (NI -26.8m - CFO 50.9m) / TA 843.5m)
Beneish M = -3.01 (Cap -4..+1) = AA

What is the price of APPS shares?

As of October 15, 2026, the stock is trading at USD 10.36 with a total of 1,181,605 shares traded. Over the past week, the price has changed by -1.24%, over one month by -11.68%, over three months by +4.12% and over the past year by +61.62%.

Current recommended Stop Loss: 9.40 (which is 9.3% or 1.2 ATR below the current price).

Is APPS a buy, sell or hold?

Digital Turbine has received a consensus analysts rating of 4.67. Therefore, it is recommended to buy APPS.

StrongBuy: 2
Buy: 1
Hold: 0
Sell: 0
StrongSell: 0

What are the forecasts/targets for the APPS price?

Analysts Target Price	16.3	57.6%

Digital Turbine (APPS) - Fundamental Data Overview as of 12 October 2026

Market Cap USD = 1.27b (1.27b USD * 1.0 USD.USD)
P/E Forward = 277.7778
P/S = 2.1148
P/B = 7.3312
P/EG = 0.6925
Revenue TTM = 600.3m USD
EBIT TTM = 14.4m USD
EBITDA TTM = 79.3m USD
Long Term Debt = 343.5m USD (from longTermDebt, last quarter)
Short Term Debt = 9.38m USD (from shortTermDebt, last quarter)
Debt = 356.1m USD (from shortLongTermDebtTotal, last quarter) + Leases 3.23m
Net Debt = 312.9m USD (calculated: Debt 356.1m - CCE 43.2m)
Enterprise Value = 1.58b USD (1.27b + Debt 356.1m - CCE 43.2m)
Interest Coverage Ratio = 0.23 (Ebit TTM 14.4m / Interest Expense TTM 61.5m)
EV/FCF = 74.66x (Enterprise Value 1.58b / FCF TTM 21.2m)
FCF Yield = 1.34% (FCF TTM 21.2m / Enterprise Value 1.58b)
FCF Margin = 3.53% (FCF TTM 21.2m / Revenue TTM 600.3m)
Net Margin = -4.46% (Net Income TTM -26.8m / Revenue TTM 600.3m)
Gross Margin = 49.08% ((Revenue TTM 600.3m - Cost of Revenue TTM 305.7m) / Revenue TTM)
Gross Margin QoQ = 49.39% (prev 7.55%)
Tobins Q-Ratio = 1.88 (Enterprise Value 1.58b / Total Assets 843.5m)
Interest Expense / Debt = 17.28% (Interest Expense 61.5m / Debt 356.1m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 11.4m (EBIT 14.4m * (1 - 21.00%))
Current Ratio = 1.20 (Total Current Assets 333.3m / Total Current Liabilities 276.6m)
Debt / Equity = 1.87 (Debt 356.1m / totalStockholderEquity, last quarter 190.6m)
Debt / EBITDA = 3.94 (Net Debt 312.9m / EBITDA 79.3m)
Debt / FCF = 14.76 (Net Debt 312.9m / FCF TTM 21.2m)
Total Stockholder Equity = 181.4m (last 4 quarters mean from totalStockholderEquity)
RoA = -3.22% (Net Income -26.8m / Total Assets 843.5m)
RoE = -14.77% (Net Income TTM -26.8m / Total Stockholder Equity 181.4m)
RoCE = 2.75% (EBIT 14.4m / Capital Employed (Equity 181.4m + L.T.Debt 343.5m))
RoIC = 2.09% (NOPAT 11.4m / Invested Capital 546.3m)
WACC = 15.13% (E(1.27b)/V(1.63b) * Re(15.54%) + D(356.1m)/V(1.63b) * Rd(17.28%) * (1-Tc(0.21)))
Discount Rate = 15.54% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 84.25 | Cagr: 6.76%
[DCF] Terminal Value 55.48% ; FCFF base≈21.2m ; Y1≈21.3m ; Y5≈22.5m
[DCF] Fair Price = N/A (negative equity: EV 163.1m - Net Debt 312.9m = -149.8m; debt exceeds intrinsic value)
EPS Correlation: -21.86 | EPS CAGR: -6.14% | SUE: 1.71 | # QB: 4
Revenue Correlation: 35.24 | Revenue CAGR: 2.60% | SUE: 2.78 | # QB: 2
EPS current Quarter (2026-09-30): EPS=0.18 | Chg30d=+0.00% | Revisions=+25% | Analysts=2
EPS next Quarter (2026-12-31): EPS=0.20 | Chg30d=+0.00% | Revisions=-25% | Analysts=2
EPS current Year (2027-03-31): EPS=0.72 | Chg30d=+0.00% | Revisions=+25% | GrowthEPS=+29.5% | GrowthRev=+17.7%
EPS next Year (2028-03-31): EPS=0.95 | Chg30d=+0.00% | Revisions=+0% | GrowthEPS=+31.0% | GrowthRev=+11.9%
[Analyst] Revisions Ratio: +17% (up=2, down=1)