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Digital Turbine (APPS) investor relations material
Digital Turbine Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Revenue grew 11% year-over-year to $130.9M in Q1 2026, driven by strong On Device Solutions and Ignite platform demand, while App Growth Platform revenue declined.
Adjusted EBITDA rose 73% year-over-year to $25.1M, reflecting operational improvements and business momentum.
GAAP net loss narrowed to $14.1M from $25.2M year-over-year, with non-GAAP net income at $5.8M.
Strategic focus, improved execution, and transformation initiatives enabled increased annual outlook and over $25M in annual cash expense savings.
Favorable macro trends and regulatory momentum for open app distribution and alternative app stores are creating new opportunities.
Financial highlights
Q1 2026 revenue: $130.9M, up from $118.0M year-over-year.
Adjusted EBITDA: $25.1M, up from $14.5M year-over-year.
Free cash flow was $1.4M, improving by $7M year-over-year.
Non-GAAP gross margin improved to 47% from 46% year-over-year.
GAAP net loss: $14.1M ($0.13/share); non-GAAP net income: $5.8M ($0.05/share).
Outlook and guidance
Full-year revenue guidance raised to $525M–$535M and adjusted EBITDA to $90M–$95M.
Midpoint guidance reflects a $10M increase in revenue and $5M in EBITDA versus prior outlook.
Refinancing $411M credit facility before August 29, 2025, is a key focus, with new credit or equity options being explored.
Management believes existing cash, cash flow, and new financing would be sufficient for at least 12 months if refinancing is successful.
Focus remains on disciplined execution, financial rigor, and long-term value creation.
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