Digital Turbine APPS Ratios & Valuation
| Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 56.9%+4.9pp | 55.9%+4.6pp | 53.5%+1.5pp | 52.8%+0.9pp | 52%+0.2pp | |
| Operating margin | 6%+17.0pp | 2.2%+53.9pp | -4.3%+45.9pp | -8.5%+66.3pp | -11%+57.7pp | |
| Net margin | -6.7%+12.1pp | -9.1%+55.0pp | -14.8%+46.4pp | -16.1%+68.6pp | -18.8%+58.4pp | |
| Returns | ||||||
| Return on equity | -21.8%+28.3pp | -27.5%+74.2pp | -46.9%+48.6pp | -46.5%+63.5pp | -50.1%+52.5pp | |
| Return on invested capital | 6.5%+16.2pp | 2.2%+40.3pp | -4.2%+32.7pp | -7.8%+43.4pp | -9.8%+39.4pp | |
| Efficiency | ||||||
| Asset turnover | 0.7×+0.1× | 0.6×+0.1× | 0.6×+0.1× | 0.6×+0.1× | 0.6×+0.1× | |
| Liquidity | ||||||
| Current ratio | 1.2×+0.1× | 1.1×0.0× | 1.1×0.0× | 1.1×0.0× | 1.1×+0.1× | |
| Leverage | ||||||
| Debt-to-equity | 1.9×-0.8× | 1.9×-0.7× | 2.7×+0.5× | 2.7×+0.7× | 2.7×+0.9× | |
| Net debt / EBITDA | 3.1×-10.0× | 3.6×— | 6.3×— | 8.8×— | 13.1×— | |
| Per Share | ||||||
| Book value per share | $1.70+14.7% | $1.62+2.9% | $1.36-23.3% | $1.43-25.4% | $1.48-30.0% | |
| Valuation | ||||||
| Market capitalization | $1.22B+98.7% | $560.74M+220% | $693.6M+121% | $589.47M+248% | $285.09M+7.3% | |
| Price / sales | 2.2×+0.9× | 1×+0.7× | 1.3×+0.7× | 1.2×+0.8× | 0.6×+0.1× | |
| Price / book | 6.4×+2.4× | 2.9×+1.8× | 4.7×+3.0× | 3.9×+3.0× | 1.9×+0.6× | |
| EV / EBITDA | 14.7×-19.7× | 9.8×— | 18.1×— | 22.6×— | 23×— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are Digital Turbine's profit margins?
- Digital Turbine (APPS) runs a 56.9% gross margin and a 6.0% operating margin, with a -6.7% net margin.
- Where do Digital Turbine's ratios come from?
- Every ratio is computed from Digital Turbine's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
