Companies /Technology

Digital Turbine Inc

NASDAQ: APPS Software - Application
$11.80
▲ $0.74 (+6.69%) today
Markets closed · 4:56pm ET

Q2 2026 Earnings

Reported Nov 4, 2025, 4:06pm ET · SEC source
$0.15
Beat +200.00%
EPS · est. $0.05
$140.4M
Beat +10.53%
Revenue · est. $127.0M
−31.6%
Trailing market
APPS vs S&P since report
4 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−10%0+10%Nov 4Nov 5report 4:06pm ETearnings+0.3%+1.8%
−10%0+10%Nov 4Nov 5earnings+0.3%+1.8%
APPS +1.8%S&P 500 +0.3%
−10%0+10%Nov 4Nov 5report 4:06pm ETearnings+0.6%+1.8%
−10%0+10%Nov 4Nov 5earnings+0.6%+1.8%
APPS +1.8%NASDAQ +0.6%
−20%−10%0+10%Nov 3Nov 12report 4:06pm ETearnings+1.1%−19.6%
−20%−10%0+10%Nov 3Nov 12earnings+1.1%−19.6%
APPS −19.6%S&P 500 +1.1%
−20%−10%0+10%Nov 3Nov 12report 4:06pm ETearnings+0.3%−19.6%
−20%−10%0+10%Nov 3Nov 12earnings+0.3%−19.6%
APPS −19.6%NASDAQ +0.3%
+23.14%
Day of report
−14.13%
Next session
−22.50%
One week
−30.73%
30 days

S&P 500 over the same 30 days: +0.89%.

Did APPS Beat Earnings? Q2 2026 Results

Digital Turbine delivered a standout fiscal second quarter for 2026, posting results that cleared Wall Street's bar by a wide margin on both revenue and earnings. The mobile platform company reported revenue of $140.38 million for the quarter ended September 30, 2025, up 18.2% year-over-year and ahead of the $127.00 million consensus estimate by 10.53%, while non-GAAP adjusted EPS of $0.15 tripled the $0.05 analyst forecast. The outperformance was driven in large part by surging operating leverage, with non-GAAP adjusted EBITDA climbing 78% to $27.19 million as gross margins expanded to 47% from 45% a year ago; GAAP income from operations also swung to a positive $6.53 million from a loss of $13.54 million. A September debt refinancing that secured a new $430 million term loan introduced one-time charges, narrowing but not eliminating the GAAP net loss to $21.39 million. Management raised its full-year fiscal 2026 revenue guidance to $540 million to $550 million, with analysts lifting price targets on the stock following the report.

Key Takeaways
  • Strong demand for the platform driving 18% year-over-year revenue growth
  • Operational execution enabling improved profitability and margin expansion
  • Non-GAAP gross profit margin improved to 47% from 45% year-over-year
  • G&A expenses reduced to $34.1 million from $42.2 million year-over-year
  • Non-GAAP adjusted EBITDA grew 78% year-over-year to $27.2 million
  • Operating cash flow swung positive to $14.5 million from negative $8.7 million in the year-ago period

“Our September quarter showcased accelerating business momentum. We were pleased to see that the combination of strong demand for our platform and strong operational execution enabled us to deliver top- and bottom-line results that exceeded expectations. Consequently, we are once again able to increase our full-year outlook. We have high conviction that we have the right strategy to go after the half-trillion dollar market opportunity in front of us.”

Digital Turbine CEO, on the earnings call

Forward Guidance & Outlook

Digital Turbine raised its full-year fiscal 2026 guidance, now expecting revenue of $540 million to $550 million and non-GAAP adjusted EBITDA of $100 million to $105 million. The company did not provide a GAAP net income outlook, citing difficulty in predicting stock-based compensation expense and other variable items.

APPS YoY Financials

Q2 2026 vs Q2 2025 · SEC filings Q2 2025 Q2 2026
$0$50.0M$100.0M$150.0M$118.7M$140.4MRevenue$2.6M$6.5MOperating Income$-18,706,829$-21,395,000Net Income
$0$50.0M$100.0M$150.0MRevenueOperating IncomeNet Income

APPS Revenue by Segment

On Device Solutions$96.5M+17.0%
App Growth Platform$44.7M+20.0%

Figures from SEC filings and company reports. Not investment advice.