Digital Turbine, Inc.
APPS · Patent Owners & Lessors · 120.7M shares · +3%/yr ↑ dilution · EDGAR filings ↗
Reference price $4.06 · est. market cap ~$490M — last insider sale, 2026-02-23 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D52Digital Turbine — mobile ad-tech running net losses with high leverage.
Strengths
- Positive operating margin (6%) and FCF
- Revenue +15%
Risks
- Net loss; ROE -20% (36th)
- High leverage (D/E 1.8, 90th)
- Platform/partner concentration
Notable findings
- Net lossNet loss (net margin -6.7%)
- Material weakness• A material weakness in our internal control over financial reporting and disclosure controls and procedures could, if not remediated, result in material misstatements in our financial statements
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
56.9%
Operating margin
6.0%
Net margin
-6.7%
Return on equity
-19.6%
Return on assets
-4.5%
ROIC
4.9%
Revenue growth (QoQ)
-5.8%
Debt / equity
1.8×
Net debt / EBITDA
3.0×
Current ratio
1.2×
Free cash flow
$11M
EBITDA
$105M
Tangible book value
-$248M
Cash & investments
$38M
Stock comp / revenue
2.9%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-08 | Akkerman Michael | Tax withheld | 19K | $8.67 |
| 2026-05-28 | STONE WILLIAM GORDON III | Tax withheld | 2.1K | $6.68 |
| 2026-05-21 | Kinsell Joshua | Tax withheld | 556 | $4.46 |
| 2026-05-06 | Lasher Stephen Andrew | Tax withheld | 15K | $3.98 |
| 2026-04-29 | Kinsell Joshua | Tax withheld | 618 | $3.37 |
| 2026-04-08 | Kinsell Joshua | Tax withheld | 5.7K | $3.09 |
| 2026-04-06 | John Benneaser | Grant | 693K | $3.03 |
| 2026-03-03 | Akkerman Michael | Tax withheld | 29K | $4.19 |
| 2026-02-27 | STONE WILLIAM GORDON III | Tax withheld | 2.6K | $4.06 |
| 2026-02-23 | Kinsell Joshua | Sell | 578 | $4.06 |
| 2026-02-20 | STONE WILLIAM GORDON III | Tax withheld | 2.0K | $4.21 |
| 2026-02-06 | Lasher Stephen Andrew | Tax withheld | 61K | $4.15 |
| 2026-01-29 | Kinsell Joshua | Tax withheld | 752 | $5.41 |
| 2026-01-12 | GYANI MOHAN S | Gift | 170K | — |
| 2026-01-09 | GYANI MOHAN S | Option exercise | 75K | $1.06 |
| 2026-01-09 | Kinsell Joshua | Disposition | 6.9K | $4.91 |
| 2025-12-08 | Akkerman Michael | Tax withheld | 19K | $4.91 |
| 2025-11-26 | STONE WILLIAM GORDON III | Tax withheld | 2.1K | $4.69 |
| 2025-11-24 | Kinsell Joshua | Tax withheld | 537 | $4.50 |
| 2025-11-21 | Kanagaratnam Senthilkumaran | Tax withheld | 486 | $4.34 |
| 2025-11-21 | STONE WILLIAM GORDON III | Tax withheld | 1.6K | $4.34 |
| 2025-11-07 | Kanagaratnam Senthilkumaran | Tax withheld | 4.0K | $5.99 |
| 2025-10-31 | Kanagaratnam Senthilkumaran | Tax withheld | 1.4K | $6.24 |
| 2025-10-29 | Kinsell Joshua | Tax withheld | 2.5K | $6.26 |
| 2025-10-08 | Kinsell Joshua | Tax withheld | 5.7K | $6.83 |
| 2025-09-03 | Akkerman Michael | Tax withheld | 19K | $4.20 |
| 2025-09-03 | STONE WILLIAM GORDON III | Tax withheld | 2.1K | $4.19 |
| 2025-08-21 | Kinsell Joshua | Tax withheld | 533 | $4.03 |
| 2025-08-01 | GYANI MOHAN S | Grant | 35K | — |
| 2025-08-01 | STERLING MICHELLE M | Grant | 35K | — |
| 2025-08-01 | Spilman Mary | Grant | 34K | — |
| 2025-08-01 | Karish Jeff | Grant | 35K | — |
| 2025-08-01 | Groos Holyce Hess | Grant | 36K | — |
| 2025-08-01 | Chestnutt Roy H | Grant | 35K | — |
| 2025-08-01 | DEUTSCHMAN ROBERT M | Grant | 47K | — |
| 2025-08-01 | Kanagaratnam Senthilkumaran | Tax withheld | 1.4K | $5.12 |
| 2025-07-08 | Kinsell Joshua | Tax withheld | 5.7K | $5.65 |
| 2025-06-03 | Akkerman Michael | Tax withheld | 19K | $4.58 |
| 2025-05-30 | STONE WILLIAM GORDON III | Tax withheld | 244 | $4.72 |
| 2025-05-27 | STONE WILLIAM GORDON III | Tax withheld | 2.1K | $4.55 |
| 2025-05-22 | Kanagaratnam Senthilkumaran | Tax withheld | 486 | $4.43 |
| 2025-05-22 | STONE WILLIAM GORDON III | Tax withheld | 1.6K | $4.43 |
| 2025-05-20 | Kinsell Joshua | Grant | 27K | $4.63 |
| 2025-05-07 | Kanagaratnam Senthilkumaran | Tax withheld | 4.0K | $3.61 |
| 2025-05-02 | Kanagaratnam Senthilkumaran | Tax withheld | 1.4K | $3.10 |
| 2025-05-01 | STONE WILLIAM GORDON III | Tax withheld | 244 | $3.01 |
| 2025-04-08 | Kinsell Joshua | Tax withheld | 6.9K | $2.20 |
| 2025-04-01 | STONE WILLIAM GORDON III | Tax withheld | 244 | $2.82 |
| 2025-03-10 | STONE WILLIAM GORDON III | Buy | 100K | $2.59 |
| 2025-03-03 | Akkerman Michael | Tax withheld | 22K | $3.17 |
| 2025-02-28 | STONE WILLIAM GORDON III | Tax withheld | 297 | $3.43 |
| 2025-02-27 | STONE WILLIAM GORDON III | Tax withheld | 2.6K | $3.58 |
| 2025-02-21 | Kanagaratnam Senthilkumaran | Tax withheld | 558 | $4.23 |
| 2025-02-21 | STONE WILLIAM GORDON III | Tax withheld | 2.0K | $4.23 |
| 2025-02-07 | Kanagaratnam Senthilkumaran | Tax withheld | 4.6K | $4.90 |
| 2025-02-06 | Lasher Stephen Andrew | Grant | 500K | — |
| 2025-01-31 | STONE WILLIAM GORDON III | Tax withheld | 297 | $2.62 |
| 2025-01-31 | Kanagaratnam Senthilkumaran | Tax withheld | 1.6K | $2.62 |
| 2025-01-31 | GARRISON J. BARRETT | Tax withheld | 92 | $2.62 |
| 2025-01-31 | GARRISON J. BARRETT | Tax withheld | 1.2K | $2.62 |
| 2025-01-08 | Kinsell Joshua | Tax withheld | 6.9K | $1.85 |
| 2024-12-31 | STONE WILLIAM GORDON III | Tax withheld | 244 | $1.69 |
| 2024-12-31 | GARRISON J. BARRETT | Tax withheld | 75 | $1.69 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-26 | ResultsExhibits | filing ↗ |
| 2026-04-23 | Material agreementExhibits | filing ↗ |
| 2026-02-03 | ResultsExhibits | filing ↗ |
| 2025-11-07 | Exec/director change | filing ↗ |
| 2025-11-04 | ResultsExhibits | filing ↗ |
| 2025-10-22 | OtherExhibits | filing ↗ |
| 2025-09-03 | Shareholder vote | filing ↗ |
| 2025-09-02 | Material agreement1.02Debt obligation3.02Reg FDExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 10-K | 2026-05-26 | 2026-03-31 | 0001628280-26-038115 ↗ |
| 8-K | 2026-05-26 | 2026-05-26 | 0001628280-26-038067 ↗ |
| 8-K | 2026-04-23 | 2026-04-20 | 0001628280-26-026827 ↗ |
| 8-K | 2026-02-03 | 2026-02-03 | 0001628280-26-004985 ↗ |
| 10-Q | 2026-02-03 | 2025-12-31 | 0001628280-26-005047 ↗ |
| 8-K | 2025-11-07 | 2025-11-05 | 0001628280-25-050680 ↗ |
| 10-Q | 2025-11-04 | 2025-09-30 | 0001628280-25-048946 ↗ |
| 8-K | 2025-11-04 | 2025-11-04 | 0001628280-25-048799 ↗ |
| 8-K | 2025-10-22 | 2025-10-22 | 0001628280-25-045912 ↗ |
| 8-K | 2025-09-03 | 2025-08-26 | 0000317788-25-000016 ↗ |
| 8-K | 2025-09-02 | 2025-08-29 | 0001140361-25-033513 ↗ |
| 8-K | 2025-08-05 | 2025-08-05 | 0001628280-25-037955 ↗ |