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Digital Turbine APPS Ratios & Valuation

TTM Q4 '26TTM Q3 '26TTM Q2 '26TTM Q1 '26TTM Q4 '25
Profitability
Gross margin56.9%+4.9pp55.9%+4.6pp53.5%+1.5pp52.8%+0.9pp52%+0.2pp
Operating margin6%+17.0pp2.2%+53.9pp-4.3%-8.5%-11%
Net margin-6.7%+12.1pp-9.1%+55.0pp-14.8%-16.1%-18.8%
EBITDA margin18.7%+12.8pp16.6%+51.6pp11.1%8.5%5.9%
Returns
Return on equity-21.8%+28.3pp-27.5%+74.2pp-46.9%-46.5%-50.1%
Return on assets-4.6%+6.4pp-5.8%+26.0pp-9.3%-9.7%-11%
Return on invested capital6.5%+16.2pp2.2%+40.3pp-4.2%-7.8%-9.8%
Efficiency
Asset turnover0.7×+0.1×0.6×+0.1×0.6×+0.1×0.6×+0.1×0.6×+0.1×
Liquidity
Current ratio1.2×+0.1×1.1×0.0×1.1×0.0×1.1×0.0×1.1×+0.1×
Quick ratio1.2×+0.1×1.1×0.0×1.1×0.0×1.1×0.0×1.1×+0.1×
Cash ratio0.1×0.0×0.1×0.0×0.2×0.0×0.1×0.0×0.2×0.0×
Leverage
Debt-to-equity1.9×-0.8×1.9×-0.7×2.7×+0.5×2.7×+0.7×2.7×+0.9×
Debt-to-assets0.4×-0.1×0.4×-0.1×0.5×0.0×0.5×0.0×0.5×+0.1×
Net debt / EBITDA3.1×3.6×
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%
Enterprise value$1.55B+56.4%$882.99M+59.1%$1.06B+52.0%$965.05M+81.0%$663.2M+6.2%
Price / sales2.2×+0.9×+0.7×1.3×+0.7×1.2×+0.8×0.6×+0.1×
Price / book6.4×+2.4×2.9×+1.8×4.7×+3.0×3.9×+3.0×1.9×+0.6×
EV / EBITDA14.7×-19.7×9.8×
EV / sales2.8×+0.7×1.6×+0.5×+0.6×1.9×+0.9×1.4×+0.2×
Earnings yield-3.1%+11.9pp-8.8%+168pp-11.2%-13.7%-32.3%

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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.