Digital Turbine Inc logo

Digital Turbine Inc(APPS)

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EXPLORE ADVISORIES AND THEIR HISTORY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$10.38
11/06/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
  • ALL
  • 1Y
  • 1M
  • 1W
  • BUY Advisory
  • SELL Advisory (Profit)
  • SELL Advisory (Loss)
  • Profit
  • Loss
  • PASS (Skip)
Upturn Stock price based on last close iconStock price based on last close
Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Advisory Performance History (Simulated)Advisory Performance History info

Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Upturn Advisory & Investor View for APPS

11/06/2026: APPS (1-star) is currently NOT-A-BUY. Pass it for now.

Digital Turbine is a mobile software company that provides a unique platform for app distribution and monetization through direct partnerships with mobile carriers and device manufacturers. Its primary strength lies in its ability to facilitate app installation and advertising before users reach the app store. While the company saw massive growth through acquisitions, it currently faces challenges from a softening mobile ad market and broader industry privacy shifts. Investors should weigh its unique competitive positioning against significant execution, valuation, and competition risks from major tech incumbents. The stock may suit growth-oriented investors, though it is currently in a phase of business stabilization.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorWeak fitCurrent revenue trends and market headwinds make it a difficult fit for traditional growth strategies.
Momentum investorWeak fitThe stock has experienced a sustained downtrend, failing to meet the criteria for a positive momentum signal.
Value investorMixed fitWhile valuation multiples have compressed, the uncertainty regarding future earnings makes this a speculative value play.
Dividend investorWeak fitThe company does not pay a dividend, making it unsuitable for income-focused investors.
Low-risk investorWeak fitHigh volatility and sensitivity to market cycles make this unsuitable for low-risk portfolios.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighThe stock exhibits significant price swings due to its high beta and sensitivity to ad-tech sector sentiment.
Valuation riskMedium / highValuation remains sensitive to the company's ability to return to consistent growth and profitability.
Competition risk (Ad-tech/Mobile)HighCompeting against giants like Google and Meta creates persistent pressure on margins and market share.
Business qualityMediumThe business has established essential infrastructure, but has struggled to maintain consistent financial performance.
Dividend incomeLow / noneNo dividend payments provide no cushion for shareholders during periods of share price decline.
Execution riskMedium / highSuccessfully managing and monetizing the integrated platform remains a core operational challenge.

Price Behavior

Rolling Over
PRICE PATH

Rolling Over

The price momentum is slowing down and beginning to turn downward.

Extreme Price Shocks
PRICE STABILITY

Extreme Price Shocks

The stock has experienced exceptionally large and disruptive price movements during the period.

Analysis of Past Performance

Type Stock
Historic Profit 14.43%
Avg. Invested days 21
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 2.0
Stock Returns Performance Upturn Returns Performance icon 2.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 11/06/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
APPS receives a 3-star rating, supported by solid company fundamentals, and solid analyst coverage. The rating is constrained by soft unit economics, and weak price momentum.

Company Fundamentals

★★★★★
APPS has solid overall fundamentals (4 stars), with moderate financial health, solid growth momentum, and strong ownership. In FY2026 versus FY2025, strong earnings growth (+59.0%) and solid revenue growth (+15.2%) are partially offset by soft cash generation (FCF margin 2.0%), weak profitability (net margin -6.7%).

Financial Health Rating

★★★★★
APPS's financial health is supported by moderate cash strength, including free-cash-flow generation (2.0% of revenue). Profitability is soft (2 stars), which helps explain the 3-star overall score.

Growth Momentum Score

★★★★★
Free-cash-flow growth is APPS's strongest growth driver at +171.7% FY2026 versus FY2025 (strong, 5 stars). Revenue growth (+15.2%, solid) and earnings growth (+59.0%, strong) are also constructive, though not equally high across every growth measure.

Ownership

★★★★★
Institutional ownership is 70.9% and approximately 89.7% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 5.28% supports management-shareholder alignment.

Top 5 Institutional Investors

BlackRock Inc 7.68%
AIGH Capital Management, LLC 5.38%
D. E. Shaw & Co LP 4.17%
Vanguard Capital Management, LLC 4.09%
Vanguard Portfolio Management, LLC 3.55%

Unit Economics (Per $1K Revenue)

★★★★★
APPS generates approximately $486 of gross profit, $60 of operating income, and $20 of free cash flow for every $1,000 of revenue. Based on FY2026 results. Soft margins explain the 2-star rating, with weak cash conversion and soft capital efficiency.

Economic Dimensions

★★★★★
Effective Tax Rate: -20.40% (Tax Credit)

Quantitative Style Profile

★★★★★
APPS has a liquid profile. Weak momentum is the primary drawback, while elevated volatility.

Style Classification

Quality Focused

Value-OrientedHigh VolatilitySmall / Mid Cap RiskShort Squeeze RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 1.26B USD
Price to earnings Ratio -
1Y Target Price 17
Price to earnings Ratio -
1Y Target Price 17
Volume (30-day avg) 2.8M shares
Beta 2.97
52 Weeks Range 2.74 - 15.34
Updated Date 11/08/2026
52 Weeks Range 2.74 - 15.34
Updated Date 11/08/2026
Dividends yield (FY) -
Basic EPS (TTM) -0.32

How Company Makes Money

Business areaWhat it includesRetail investor read
On-Device SolutionsRevenue from app installs and advertising placements on mobile devices at the manufacturer/carrier level.Digital Turbine makes money by being the 'gatekeeper' for apps installed on your phone when you first buy it.
App Growth PlatformProgrammatic advertising services, video ad networks, and monetization tools for app developers.They take a cut of the advertising money generated when you interact with ads inside mobile apps.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

Earnings Date

Report Date 2026-11-09
When After Market
Estimate 0.14
Actual -

Profitability

Profit Margin -5.82%
Operating Margin (TTM) 13.89%

Management Effectiveness

Return on Assets (TTM) 4.69%
Return on Equity (TTM) -20.39%

Valuation

Trailing PE -
Forward PE 15.27
Enterprise Value 1.58B
Price to Sales(TTM) 2.1
Enterprise Value 1.58B
Price to Sales(TTM) 2.1
Enterprise Value to Revenue 2.63
Enterprise Value to EBITDA 14.51
Shares Outstanding 121.72M
Shares Floating 109.13M
Shares Outstanding 121.72M
Shares Floating 109.13M
Percent Insiders 5.28
Percent Institutions 70.86

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

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