Turbine
Company
Documents about Turbine
Form 10-Q: Digital Turbine Q2 FY2026
Digital Turbine achieved a notable operational turnaround during the second quarter of fiscal year 2026, ending June 30, 2026.
- Digital Turbine reported a net loss of $11.3 million for the quarter ended June 30, 2026, an improvement from the $14.1 million loss recorded in the same period of 2025.
- The company entered a strategic partnership with Orange to deploy its alternative app distribution platform and SingleTap technology to 340 million customers across 26 countries in the EMEA region.
- As of June 30, 2026, the company held $43.2 million in cash, cash equivalents, and restricted cash, up from $34.1 million at the same time in 2025.
Form 10-K: Digital Turbine
Digital Turbine’s 2026 fiscal year report details the company’s position as a mobile growth platform specializing in On Device Solutions and an App Growth Platform.
- Digital Turbine’s financing agreement strictly prohibits the payment of dividends to stockholders, and the company does not intend to initiate dividends for the foreseeable future.
- As of March 31, 2026, Digital Turbine employed 620 full-time staff globally, with the largest concentrations in North America (281) and Europe/Middle East (282).
- The company raised $56,809,000 through an At-the-Market (ATM) offering, utilizing $55,000,000 of those proceeds to prepay principal under its Financing Agreement.
Digital Turbine Form 10-Q: Q3 Fiscal Year 2026
Digital Turbine achieved a significant financial turnaround during the third quarter of fiscal year 2026, transitioning from a net loss of $23.1 million in the prior-year period to a net income of $5.1 million for the quarter ending December 31, 2025.
- Digital Turbine reported consolidated net revenue of $151.4 million for the quarter ended December 31, 2025, an increase from $134.6 million in the same period of the prior year.
- The company entered into a commercial agreement with One Store Co. LTD to license and distribute the One Store app platform in European, Latin American, and U.S. markets, with cash consideration of $1.9 million payable in 18 monthly installments.
- For the nine months ended December 31, 2025, consolidated net revenue reached $422.7 million, compared to $371.4 million for the same nine-month period in 2024.
Digital Turbine Quarterly Report: Q3 FY2025
Digital Turbine’s financial performance for the third quarter of fiscal year 2025 reflects a period of significant revenue expansion coupled with complex debt restructuring and ongoing profitability challenges.
- Digital Turbine reported a return to operational profitability for the six months ended September 30, 2025, with income from operations of $1.87 million compared to a $29.63 million loss in the same period of 2024.
- Net revenue for the six months ended September 30, 2025, grew 14.6% year-over-year to $271.3 million, driven by performance in the ODS and AGP segments.
- The company entered into a new four-year $430 million term loan financing agreement, which carries a variable interest rate with a margin ranging from 7.50% to 8.00% for SOFR-based loans.
Form 10-Q: Digital Turbine Q2 Fiscal 2025
Digital Turbine’s financial performance for the quarter ended June 30, 2025, reflects a period of operational transition characterized by revenue growth alongside persistent liquidity challenges.
- Digital Turbine reported a net loss of $14.1 million for the quarter ended June 30, 2025, an improvement from the $25.2 million loss recorded in the same period of 2024.
- Total net revenue grew 11% year-over-year to $130.9 million, driven by an 18.3% increase in On Device Solutions (ODS) revenue to $95.4 million, which offset a 5.5% decline in App Growth Platform (AGP) revenue to $36.3 million.
- The company significantly restructured its credit agreement via a Fifth Amendment on June 13, 2025, which extended the maturity date to August 29, 2026, reduced the revolving credit facility to $411 million, and increased interest rates to 5.5% through August 2025.
Digital Turbine Annual Report: Fiscal Year 2024
Digital Turbine’s fiscal year 2025 report details the company’s ongoing efforts to stabilize its financial position as a mobile growth platform specializing in advertising and monetization solutions for carriers, OEMs, and app developers.
- Digital Turbine faces a critical liquidity deadline, as it must refinance its existing Amended and Restated Credit Agreement before August 29, 2025, to avoid the reclassification of debt as short-term liabilities.
- The company implemented a two-phased workforce reduction in November 2024 and January 2025, incurring $2.886 million in severance costs as part of a broader transformation program.
- The ongoing transformation program is expected to be substantially completed by Q1 fiscal year 2026 and is targeted to yield more than $25 million in annual cash expense savings.
Digital Turbine Form 10-Q: Q3 Fiscal Year 2025
Digital Turbine’s financial performance for the third quarter of fiscal year 2025 reflects a period of significant operational transition amidst challenging macroeconomic conditions.
- Digital Turbine reported a net loss of $23.1 million for the quarter ended December 31, 2024, compared to a $14.1 million loss in the same period last year.
- Total net revenue for the quarter ended December 31, 2024, declined to $134.6 million from $142.6 million in the prior year period, with segment profit falling from $72.3 million to $64.7 million.
- The company is executing a transformation program, including workforce reductions in November 2024 and January 2025, aimed at achieving over $25 million in annual cash expense savings by the first quarter of fiscal year 2026.
Digital Turbine Quarterly Report: Q2 FY2025
Digital Turbine’s financial performance for the second quarter of fiscal year 2025 reflects a period of significant contraction, characterized by an 18.3% decline in net revenue for the first half of the year.
- Digital Turbine reported a net revenue decline of 18.3% for the six months ended September 30, 2024, falling to $236.7 million compared to $289.6 million in the prior year period.
- The company recorded a net loss of $50.1 million for the first half of fiscal year 2025, an improvement from the $169.9 million loss reported during the same period in 2023.
- Revenue for the On Device Solutions (ODS) segment dropped 17.4% to $163.1 million, while the App Growth Platform (AGP) segment saw a 20.4% decline to $75.7 million for the six-month period.
Digital Turbine Quarterly Report: Q1 FY2025
Digital Turbine faces a challenging fiscal landscape as of the first quarter of 2025, characterized by a significant contraction in revenue and a widening net loss.
- Digital Turbine entered a Fourth Amendment to its credit agreement on August 6, 2024, which renegotiated financial covenants, reduced the revolver capacity from $525 million to $425 million, and increased interest rates to SOFR plus 1.00%–3.75%.
- Consolidated net revenue for the quarter ended June 30, 2024, fell to $117.99 million from $146.37 million in the same period last year, driven by declines in both the On-Device Solutions and App Growth Platform segments.
- The App Growth Platform segment experienced a 21.6% revenue decline year-over-year, dropping to $38.39 million due to weakness in mobile advertising markets and the exit of legacy AdColony business lines.
Digital Turbine Annual Report: Fiscal Year 2024
Digital Turbine functions as an independent mobile growth platform, providing end-to-end advertising, user acquisition, and monetization solutions through its On-Device Solutions and App Growth Platform segments.
- Digital Turbine operates on a revenue-share model with wireless carriers and OEMs, where payments to these partners are recorded as expenses and the company acts as a principal in monetizing mobile device ad space.
- Total net revenue for the fiscal year ended March 31, 2024, was impacted by a shift in revenue mix, specifically a lower proportion of revenue coming from the higher-margin App Growth Platform (AGP) segment.
- Other direct costs of revenue decreased by $1.646 million (4.5%) to $34.799 million for FY2024, primarily due to reduced hosting costs and lower amortization of developed technology intangible assets.
Digital Turbine Quarterly Report: Q3 FY2024
Digital Turbine experienced a period of significant financial contraction during the third quarter of fiscal year 2024, characterized by a 12.1% year-over-year decline in net revenue to $142.6 million.
- Digital Turbine reported total net revenue of $142.6 million for the quarter ended December 31, 2023, with $94.3 million from On Device Solutions (ODS) and $49.2 million from the App Growth Platform (AGP).
- Consolidated net revenue decreased by $19.7 million (12.1%) for the three-month period and $93.5 million (17.8%) for the nine-month period ended December 31, 2023, compared to the prior year.
- ODS revenue declined 2.1% for the quarter, driven by a $3.3 million drop in content media revenue following the termination of a carrier partnership, which reduced daily active users on prepaid devices.
Digital Turbine Quarterly Report: Q2 FY2024
Digital Turbine experienced a challenging second fiscal quarter in 2024, characterized by a significant net loss of $161.5 million and an 18.1% year-over-year decline in net revenue to $143.3 million.
- Digital Turbine reported a significant net loss of $161.5 million for the quarter ended September 30, 2023, compared to a net income of $11.7 million in the same period of the previous year.
- Total net revenue declined by 18.1% year-over-year to $143.3 million for the quarter, driven by an 8.7% decrease in On Device Solutions revenue and a 32.3% drop in App Growth Platform revenue.
- For the six-month period ended September 30, 2023, total net revenue fell 20.3% to $289.6 million, with the App Growth Platform segment experiencing a consistent 32.3% decline.