Digital Turbine Reports $565.3 Million Revenue with 15.2% Growth and $37.7 Million Net Loss for Fiscal Year Ending March 31, 2026

Digital Turbine, Inc. reported a net revenue of $565.3 million for the fiscal year ending March 31, 2026, marking a 15.2% increase from $490.5 million in the previous year. The growth was primarily driven by the On Device Solutions (ODS) segment, which generated $382.4 million, up 11.9% from the prior year, and the App Growth Platform (AGP), which saw a 21.2% increase to $185.7 million. Despite the revenue growth, the company recorded a net loss of $37.7 million, a significant improvement from the $92.1 million loss reported in the previous fiscal year.

The company undertook a transformation program aimed at improving operational efficiency, which included a two-phased workforce reduction completed in the fourth quarter of fiscal year 2025. The total costs associated with this program amounted to $626,000, a substantial decrease from $5.8 million in the prior year. As of March 31, 2026, Digital Turbine employed 620 full-time employees, down from 647 the previous year, reflecting the impact of the workforce reduction.

In terms of strategic developments, Digital Turbine refinanced its existing senior credit facility in August 2025, securing a total of $430 million in term loans. The company also issued warrants to purchase shares of common stock as part of this refinancing. The outstanding principal balance of the loans was $391.2 million as of March 31, 2026, with a variable interest rate of 11.7%. The company anticipates that its existing cash and cash equivalents, along with cash flow from operations, will be sufficient to meet its working capital and other business requirements for at least the next 12 months.

Operationally, Digital Turbine's customer base and engagement metrics showed positive trends, particularly in the Asia Pacific and China regions, which contributed to the revenue increases in both segments. The company reported a significant rise in accounts receivable, totaling $251.2 million, up from $181.8 million in the previous year, indicating strong demand for its services. However, the company remains cautious about potential impacts from macroeconomic conditions, including geopolitical tensions and inflation, which could affect advertising spending and overall business performance.

Looking ahead, Digital Turbine aims to continue its focus on enhancing its product offerings and expanding its market presence, particularly in international markets. The company is also exploring opportunities for further cost optimization and revenue generation, while remaining vigilant about the risks associated with its debt obligations and the competitive landscape in the mobile advertising industry.