Digital Turbine, Inc. (APPS) Stock

Digital Turbine, Inc. (APPS) is a Financials stock trading at $8.44 (as of 2026-07-24), with a market capitalization of $1.02B. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Digital Turbine, Inc., through its subsidiaries, operates a mobile growth platform for advertisers, publishers, carriers, and device original equipment manufacturers (OEMs). The company operates through three segments: On Device Media, In App Media AdColony, and In App Media Fyber. Its application media platform delivers mobile applications to various publishers, carriers, OEMs, and devices; and content media platform offers news, weather, sports, and other content, as well as programmatic advertising, and sponsored and editorial content media. The company also provides an end-to-end platform for brands, agencies, publishers, and application developers to deliver advertising to consumers on mobile devices; and a platform that allows mobile application developers and digital publishers to monetize their content through display, native, and video advertising. It operates in the United States, Canada, Europe, the Middle East, Africa, the Asia Pacific, China, Mexico, Central America, and South America. The company is headquartered in Austin, Texas.

Understand Digital Turbine, Inc.: how it makes money

Digital Turbine operates a mobile growth platform that delivers mobile applications and content (including programmatic advertising and sponsored or editorial content) for advertisers, publishers, carriers, and device OEMs, making money through its On Device Media segment and its In App Media segments (AdColony and Fyber).

Profit is structurally driven by monetizing mobile distribution and media delivery, as the platform delivers on-device and in-app applications and content, and earns revenue as that media is served across its advertiser and device ecosystem.

Revenue by segment (latest quarter)
On Device	$0.1B
AdColony	$0.0B
Fyber	$0.0B

Business quality (Mixed): Clear segment structure (On Device Media, AdColony In App Media, Fyber In App Media) and a platform monetization model (mobile application and media delivery). Segment revenue figures in the input appear to rely on “revenue contribution” style inputs for In App Media, so precision on standalone segment revenue is limited to the provided facts.

Bull case

Multi-segment monetization across the device ecosystem: The company operates On Device Media plus two In App Media businesses (AdColony and Fyber), so it monetizes both on-device delivery and in-app media, including programmatic advertising and sponsored or editorial content.
Scale levers tied to distribution: Operational metrics include Ignite Deployed Devices and Global Devices With Ignite Technology, which indicate the platform’s reach across devices using its Ignite technology.

Bear case

Revenue can be sensitive to advertiser engagement: Because the platform serves media that includes programmatic advertising and sponsored content for advertisers, reductions in advertiser activity could pressure In App Media and On Device monetization (investors would track Active Direct Advertisers).
Platform reach and device mix are concentration risks: The operating metrics emphasize deployed devices and global devices with Ignite technology, so changes in device integration or platform adoption could affect the scale of media delivery. Revenue also has an iOS Share of Revenues metric (15%), which highlights dependence on platform mix.

Valuation — source: SEC EDGAR (first-party)
Price	$8.44
Market Cap	$1.02B
EV / EBITDA	25.6
Price / Book	5.30
Price / Sales	1.83

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$565.25M
Net Margin	-6.7%
Revenue Growth (YoY)	15.2%
EPS Growth (YoY)	-62.9%
FCF Growth (YoY)	-171.7%

Financial Health — source: SEC EDGAR
Altman Z-Score	0.60 (distress)
Piotroski F-Score	7/9 (strong)

Valuation vs Sector & Industry
Sector P/E (Financials)	15.4
Industry P/E (Trading)	34.8

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	VANGUARD GROUP INC ($45.51M)
Institutional Holders Tracked	10
Congressional Trades (recent)	1

Company
Sector	Financials
Industry	Trading
CEO	William Gordon Stone
Employees	754
Country	US
IPO Date	2006-07-06

Related Companies (Trading (FF48 industry); 8 closest by market cap; US-domiciled)

Data as of 2026-07-24.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.