(APPS) Digital Turbine - NASDAQ
Sector: Technology | Industry: Software - Application | Exchange: NASDAQ (USA) | Market Cap: 1.261m USD | Total Return: 96% in 12m
Avg Turnover: 71.2M
EPS Trend: -64.4%
Qual. Beats: 3
Rev. Trend: -31.8%
Qual. Beats: 1
Warnings
Interest Coverage Ratio 0.6 is critical
Altman Z'' -1.88 < 1.0 - financial distress zone
Tailwinds
Supp Ema8, Rs Leader, Idiosyncratic Leader, Tailwind, Pullback 52w, Confidence
Digital Turbine, Inc. (APPS) operates a mobile growth platform designed to connect advertisers, publishers, and device manufacturers. The company functions through two primary segments: On Device Solutions and App Growth Platform. Its technology enables direct-to-device application delivery and content integration, bypassing traditional app stores to facilitate user acquisition and engagement.
The business model relies on the on-device ecosystem, where software is pre-installed or recommended at the point of device activation. This segment of the Application Software industry is characterized by high barriers to entry due to the necessity of securing long-term partnerships with global carriers and original equipment manufacturers (OEMs).
The company’s suite includes programmatic advertising tools, demand-side platforms (DSPs), and monetization solutions for app developers. These services allow brands to execute performance-based campaigns and manage display, native, and video advertising inventory across a global footprint spanning North America, Europe, and the Asia Pacific.
Analyzing the historical volatility of these revenue streams on ValueRay can provide deeper insight into the companys market position.
- OEM and carrier partnerships determine pre-installed app distribution reach
- Scaling SingleTap technology conversion rates drives high-margin licensing revenue
- Global smartphone shipment volumes dictate total addressable market for device software
- Growth in programmatic advertising spend impacts App Growth Platform monetization
- Regulatory shifts in app store monopolies influence direct-to-consumer distribution demand
| 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 (105.5m): 3.21 < 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: 0.58 > 6 (EBIT TTM 34.0m / Interest Expense TTM 58.6m) |
| 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: 0.04 (EBIT TTM 34.0m / Avg Total Assets 827.3m) |
| D: 0.30 (Book Value of Equity 192.2m / Total Liabilities 649.5m) |
| Altman-Z'' = -1.88 = D |
| 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 |
As of June 13, 2026, the stock is trading at USD 9.76 with a total of 6,340,477 shares traded.
Over the past week, the price has changed by +8.32%,
over one month by +152.20%,
over three months by +165.94% and
over the past year by +95.98%.
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
| Analysts Target Price | 8.8 | -10.3% |
P/E Forward = 7.4349
P/S = 2.2307
P/B = 6.1882
P/EG = 0.6925
Revenue TTM = 565.3m USD
EBIT TTM = 34.0m USD
EBITDA TTM = 105.5m 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 = 1.60b USD (1.26b + Debt 376.8m - CCE 38.0m)
Interest Coverage Ratio = 0.58 (Ebit TTM 34.0m / Interest Expense TTM 58.6m)
EV/FCF = 143.0x (Enterprise Value 1.60b / FCF TTM 11.2m)
FCF Yield = 0.70% (FCF TTM 11.2m / Enterprise Value 1.60b)
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 = 1.90 (Enterprise Value 1.60b / Total Assets 841.7m)
Interest Expense / Debt = 15.55% (Interest Expense 58.6m / Debt 376.8m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 26.9m (EBIT 34.0m * (1 - 21.00%))
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 = 3.21 (Net Debt 338.8m / EBITDA 105.5m)
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 = 6.48% (EBIT 34.0m / Capital Employed (Equity 171.8m + L.T.Debt 353.9m))
RoIC = 4.84% (NOPAT 26.9m / Invested Capital 555.3m)
WACC = 15.94% (E(1.26b)/V(1.64b) * Re(17.03%) + D(376.8m)/V(1.64b) * Rd(15.55%) * (1-Tc(0.21)))
Discount Rate = 17.03% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 78.21 | Cagr: 4.15%
[DCF] Terminal Value 53.54% ; FCFF base≈11.2m ; Y1≈11.2m ; Y5≈11.9m
[DCF] Fair Price = N/A (negative equity: EV 80.9m - Net Debt 338.8m = -257.9m; debt exceeds intrinsic value)
EPS Correlation: -64.40 | EPS CAGR: -20.27% | SUE: 1.75 | # QB: 3
Revenue Correlation: -31.77 | Revenue CAGR: -2.55% | SUE: 1.47 | # QB: 1
EPS current Quarter (2026-06-30): EPS=0.14 | Chg30d=+55.56% | Revisions=+20% | Analysts=1
EPS next Quarter (2026-09-30): EPS=0.18 | Chg30d=+50.00% | Revisions=+20% | Analysts=1
EPS current Year (2027-03-31): EPS=0.76 | Chg30d=+21.60% | Revisions=+33% | GrowthEPS=+35.7% | GrowthRev=+14.2%
EPS next Year (2028-03-31): EPS=1.06 | Chg30d=N/A | Revisions=N/A | GrowthEPS=+39.5% | GrowthRev=+10.9%
[Analyst] Revisions Ratio: +33%