Weathered boatDigital Turbine $APPS
Grew revenue 15.2% in FY2026 to $565 million, operating margin 6.0% against a 25.6% median for patent owners & lessors, equity 22.8% of assets.
Last filing8-K · Item 8.01 Other Events, 1 Oct 2026
Edgarette’s full reading · exposure, experience, soundness, credibility, range
🫧 Edgar looked up DIGITAL TURBINE, INC. ($APPS). Last filing: 8-K (8.01 Other Events), 2026-10-01. 10 event filings (8-K) in the past twelve months.
🔖 Exposure: revenue $565.3M (FY2026), total debt $361.0M. Experience: revenue up 15.2% on the year, down 6.8% a year over 4 years; operating margin 6.0%, up from -11.0%. Soundness: equity 22.8% of assets, return on equity -19.6%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $336.7M and $1.0B next year (method v4.1: its own 5-year record of growth weighed at 57% against $100M–1B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $254.3M to $1.4B. A statistical range, not company guidance. Against peers (87 filers, $50M+ revenue, its industry group): operating margin 6.0% against a 25.6% median; growth 15.2% against 4.1%.
Read from its own SEC filings · nothing written, nothing inferred
Speed and cash · fiscal 2025
Both views must agree for a label · a description, not advice.
| Cash flow (op · inv · fin · free) | $42M · −$31M · −$11M · $11M |
| Investment book (cash · short · long) | $38M · — · — · current ratio 1.16 |
| Revenue swing · equity of assets | 14.8% · 22.7% |
Digital Turbine is growing slower than its size class, with revenue that swings more. Its own audited SEC figures.
The figures, as filed
| Fiscal year end | 2026-03-31 |
| Revenue | $565M |
| Revenue, on the year | 15.2% |
| Revenue, a year over the record | −6.8% |
| Operating margin | 6.0% |
| Operating margin, prior year | −11.0% |
| Net margin | −6.7% |
| Research and development | $40M · 7.2% of revenue |
| Total debt | $361M |
| Equity of assets | 22.8% |
| Return on equity | −19.6% |
| Payout of profit | — |
| Dividend per share | — |
| Earnings per share | $-0.33 |
| Book value per share | $1.70 |
| Revenue per share | $5.01 |
| Shares outstanding | 112,923,000 |
| Audited years read | 5 |
Peers: the median of 87 filers with $50M+ revenue in patent owners & lessors.
Classic signals · fiscal 2026Altman Z″ not covered: built for industrial balance sheets, not banks or insurersPiotroski F 7 of 9 solid 2000Beneish M not covered: built for industrial filersSloan accruals -9.6% earnings backed by cash 1996DuPont ROE -21.8% = margin -6.7% × turns 0.68 × leverage 4.78
What a terminal subscription used to buy, a filing and arithmetic now give anyone. Published method, from the same filings. Display only: nothing here moves the range or its receipt. Why? →
Health HarborDigital Turbine sails as: Weathered boat
Health watch · 12 monthsDirector or officer change ×4
Sailing speed follows growth: -5.3% a year crosses the harbor in 96 seconds.
🌊 Visit the Bay →- slow and jumpy: growing slower than its size class, with revenue that swings more
- revenue is hard to predict: its 80% range is ±50%
Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an operating loss; negative free cash flow outside regulated utilities; an 80% revenue range of ±25% or wider. A picture of the signs, not a rating and not investment advice.
Brand success factors · calendar 2025
The Trillion Score: 403
Exponential Success Score
Built on over $200 trillion of sworn revenue, 13 years of data, 770,002 figures. Sealed by Edgarette.
How The Trillion Score works. We read eight measures of success from Digital Turbine's own SEC filings and test each one against the public companies in its field, here real estate investment trusts. The longer and fuller the record, the more weight those results carry. A model built on past filings then turns them into the odds of thriving, which means outgrowing the field for three years without a severe decline. A score of 500 is about average, and every 100 points doubles the odds. Every company is ranked on this same scale.
What it says here. At 403, Digital Turbine's odds of thriving come to 23%, against about 37% for the typical filer. It meets 1 of 8 success points.
What the score means
The higher the score, the more often companies went on to thrive. At this level, about 31 of every 100 did.
Share of companies that beat their field for three years with no severe decline, tested on 2019 to 2022 filings.
Fall Risk: Medium
Separate from the score, this asks what could go wrong: the odds of sales falling 30% or the filings stopping within three years. In the tests, about 22 of every 100 companies in the Medium band did. That is the group's history, not a forecast for this company.
| Money | It keeps about 2 cents of free cash from each sales dollar after paying for its plants and equipment. Debt after cash comes to about 55 cents for each dollar of yearly sales. | moderate |
| Swings | In its worst fifth of years, sales fell about 20% a year. | -20.1% a year |
| Filed events | No such 8-K events in the last two years. | 0 |
The eight success points
| Point | What it means | Place in field | |
|---|---|---|---|
| Speed | Sales grew slower than much of its field. | 10 of 100 | Not yet |
| Steadiness | Growth swung a lot for what it delivered. | 50 of 100 | Not yet |
| Price premium | It keeps less of each sales dollar than the leaders in its field. | 36 of 100 | Not yet |
| Margin stays above the field | Its margin has not held above the field for long. | 5 of 100 | Not yet |
| Moat half-life | Its margin edge is fading fast, or it has none yet. | 10 of 100 | Not yet |
| Brand spend yield | Brand spending returns less gross profit than for the leaders in its field. | 18 of 100 | Not yet |
| Learning curve | Costs fell as a share of sales as it grew. | 76 of 100 | Met |
| Climb in the field | It has not been moving up the size ranks in its field. | 8 of 100 | Not yet |
Price premium -$36M is the extra gross profit over a field-median margin. Momentum -$33M is gross profit times growth above the field's pace.
The actuarial view
| Credibility | With 8 years of filings, the record earns 70% of the weight. The rest stays at the middle of the field. | 0.70 |
| Severe decline, class D | About 34 of every 100 companies with this many points fell 30% or stopped reporting within three years. | 34.3% |
| Actual vs expected | Sales are 26% lower than if it had simply kept pace with its field. | 0.74 |
Top of its field: #1 VICI Properties · #2 Safehold · #3 Essential Properties Realty · #4 Ares Real Estate Income · #5 Veris Residential
Ranked by The Trillion Score. See the method and score your own brand. Tested on 2019 to 2022 filings. Odds, class and Fall Risk figures are the experience of similar filers, not a forecast for this company. A statistical description of past filings, not a rating or advice.
- 8-K · 2026-10-01 · 8.01 Other Events; 9.01 Financial Statements and Exhibits
- 8-K · 2026-09-24 · 5.02 Departure or Election of Directors; Appointment of Officers
- 8-K · 2026-09-08 · 5.02 Departure or Election of Directors; Appointment of Officers
- 8-K · 2026-08-25 · 5.02 Departure or Election of Directors; Appointment of Officers; 5.07 Submission of Matters to a Vote of Security Holders; 9.01 Financial Statements and Exhibits
- 10-Q · 2026-08-05
- 8-K · 2026-08-04 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits
Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price. Reporting, not investment advice. No price targets and no trading recommendations. Figures from the SEC’s own data · every filing · this page as JSON · ask about another company