Digital Turbine, Inc. (APPS) Financial Ratios
22 years of historical data (2004–2025) · Technology · Software - Application
EV/EBITDA
↓
29.62
-4% vs avg
5yr avg: 30.82
30Y Low12.6·High55.0
P/FCF
↑
N/A
—
5yr avg: 163.43
30Y Low14.5·High153.9
P/B Ratio
↓
2.68
↓-81% vs avg
5yr avg: 14.14
30Y Low0.2·High116.5
ROE
↓
-50.1%
↑-135% vs avg
5yr avg: -21.4%
30Y Low-440%·High32%
Debt/EBITDA
↑
14.50
↑+170% vs avg
5yr avg: 5.38
30Y Low0.1·High14.5
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
APPS Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Digital Turbine, Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $476M | $282M | $265M | $1.3B | $4.5B | $8.2B | $386M | $271M | $141M | $63M | $73M |
| Enterprise Value | $854M | $660M | $621M | $1.6B | $4.9B | $8.2B | $385M | $260M | $138M | $69M | $73M |
| P/E Ratio → | -4.47 | — | — | 77.25 | 125.17 | 229.60 | 26.94 | — | — | — | — |
| P/S Ratio | 0.97 | 0.58 | 0.49 | 1.89 | 6.01 | 11.03 | 2.78 | 2.62 | 1.89 | 0.68 | 0.85 |
| P/B Ratio | 2.68 | 1.83 | 1.24 | 2.07 | 8.71 | 56.84 | 4.98 | 7.45 | 5.10 | 1.01 | 0.89 |
| P/FCF | — | — | — | 286.14 | 50.23 | 153.91 | 14.55 | — | 28.39 | — | — |
| P/OCF | 40.07 | 23.75 | 22.27 | 43.88 | 39.66 | 131.35 | 12.30 | 213.59 | 20.27 | — | — |
P/E links to full P/E history page with 30-year chart
APPS EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Digital Turbine, Inc.'s enterprise value stands at 29.6x EBITDA, roughly in line with its 5-year average of 30.8x. The Technology sector median is 17.4x, placing the stock at a 71% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.35 | 1.14 | 2.41 | 6.56 | 11.01 | 2.78 | 2.51 | 1.85 | 0.75 | 0.84 |
| EV / EBITDA | 29.62 | 22.90 | — | 12.61 | 32.78 | 55.00 | 24.78 | 41.86 | — | — | — |
| EV / EBIT | — | — | — | 34.74 | 53.20 | 89.26 | 29.17 | 75.47 | — | — | — |
| EV / FCF | — | — | — | 364.70 | 54.82 | 153.63 | 14.53 | — | 27.78 | — | — |
APPS Profitability
Margins and return-on-capital ratios measuring operating efficiency
Digital Turbine, Inc. earns an operating margin of -11.0%. Operating margins have compressed from 6.9% to -11.0% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -50.1% indicates the company is currently destroying shareholder equity.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 45.0% | 45.0% | 45.4% | 48.1% | 46.4% | 46.4% | 38.7% | 34.3% | 33.5% | 14.6% | 11.3% |
| Operating Margin | -11.0% | -11.0% | -68.8% | 6.9% | 12.3% | 12.3% | 9.5% | 3.3% | -7.8% | -24.1% | -30.0% |
| Net Profit Margin | -18.8% | -18.8% | -77.2% | 2.5% | 4.8% | 4.8% | 10.0% | -5.8% | -70.7% | -26.5% | -32.4% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -50.1% | -50.1% | -102.3% | 3.0% | 10.7% | 31.9% | 24.4% | -18.8% | -117.8% | -33.6% | -32.3% |
| ROA | -11.0% | -11.0% | -39.4% | 1.2% | 4.1% | 16.0% | 10.4% | -7.1% | -54.4% | -21.1% | -22.9% |
| ROIC | -7.4% | -7.4% | -36.9% | 3.7% | 13.1% | 66.9% | 19.4% | 10.4% | -9.4% | -22.0% | -22.1% |
| ROCE | -8.9% | -8.9% | -44.7% | 4.4% | 15.1% | 73.7% | 18.1% | 8.1% | -9.9% | -27.5% | -28.5% |
APPS Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Digital Turbine, Inc. carries a Debt/EBITDA ratio of 14.5x, which is highly leveraged (405% above the sector average of 2.9x). Net debt stands at $378M ($418M total debt minus $40M cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.72 | 2.72 | 1.82 | 0.69 | 1.04 | 0.11 | 0.27 | — | 0.36 | 0.21 | 0.13 |
| Debt / EBITDA | 14.50 | 14.50 | — | 3.31 | 3.59 | 0.11 | 1.36 | — | — | — | — |
| Net Debt / Equity | — | 2.46 | 1.66 | 0.57 | 0.80 | -0.10 | -0.01 | -0.30 | -0.11 | 0.10 | -0.01 |
| Net Debt / EBITDA | 13.11 | 13.11 | — | 2.72 | 2.74 | -0.10 | -0.04 | -1.78 | — | — | — |
| Debt / FCF | — | — | — | 78.56 | 4.59 | -0.28 | -0.02 | — | -0.61 | — | — |
| Interest Coverage | -1.55 | -1.55 | — | — | — | 91.97 | — | 3.08 | -2.81 | -8.38 | -15.11 |
APPS Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.09x means Digital Turbine, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 1.20x to 1.09x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.09 | 1.09 | 1.03 | 1.20 | 1.07 | 0.88 | 0.71 | 0.97 | 0.86 | 0.77 | 0.76 |
| Quick Ratio | 1.09 | 1.09 | 1.03 | 1.20 | 1.07 | 0.88 | 0.71 | 0.97 | 0.86 | 0.77 | 0.76 |
| Cash Ratio | 0.18 | 0.18 | 0.14 | 0.34 | 0.33 | 0.28 | 0.26 | 0.29 | 0.28 | 0.21 | 0.29 |
| Asset Turnover | — | 0.60 | 0.63 | 0.53 | 0.51 | 2.87 | 0.75 | 1.25 | 0.86 | 0.85 | 0.71 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 141.43 | 128.05 | 97.67 | 128.47 | 30.26 | 87.19 | 80.02 | 83.25 | 42.51 | 73.89 |
APPS Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Digital Turbine, Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | 1.3% | 0.8% | 0.4% | 3.7% | — | — | — | — |
| FCF Yield | — | — | — | 0.3% | 2.0% | 0.6% | 6.9% | — | 3.5% | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $104M | $101M | $102M | $103M | $103M | $90M | $77M | $70M | $67M | $62M |
Peer Comparison
Compare APPS with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 APPSYou | $476M | -4.5 | 29.6 | — | 45.0% | -11.0% | -50.1% | -7.4% | 14.5 |
 MGNI | $2B | 14.1 | 10.8 | 11.6 | 62.7% | 13.7% | 17.1% | 9.5% | 1.8 |
 PUBM | $477M | -32.7 | — | 7.1 | 63.6% | -6.1% | -5.4% | -6.8% | — |
 DV | $2B | 37.2 | 12.1 | 10.5 | 82.2% | 10.6% | 4.6% | 6.4% | 0.7 |
 TTD | $11B | 26.4 | 15.9 | 14.3 | 78.6% | 20.3% | 16.3% | 21.3% | 0.6 |
 IAS | $2B | 45.0 | 13.7 | 22.4 | 78.5% | 11.4% | 3.9% | 4.6% | 0.5 |
 CRTO | $811M | 6.0 | 1.9 | 3.9 | 54.0% | 10.4% | 12.8% | 16.1% | 0.5 |
 BMBL | $378M | -0.5 | 2.8 | 1.6 | 68.3% | 26.3% | -69.6% | 13.4% | 2.1 |
 GOOG | $4.8T | 36.5 | 32.0 | 65.2 | 59.7% | 32.1% | 35.7% | 25.1% | 0.4 |
 QCOM | $203B | 38.5 | 15.2 | 15.8 | 55.4% | 27.9% | 23.3% | 29.1% | 1.2 |
 MSFT | $3.1T | 30.3 | 19.4 | 42.9 | 68.8% | 45.6% | 33.3% | 24.9% | 0.7 |
| Technology Median | — | 27.5 | 17.4 | 19.8 | 48.6% | -0.5% | 2.4% | 2.9% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonAPPS — Frequently Asked Questions
Quick answers to the most common questions about buying APPS stock.
What is Digital Turbine, Inc.'s P/E ratio?
Digital Turbine, Inc.'s current P/E ratio is -4.5x. The historical average is 76.5x.
What is Digital Turbine, Inc.'s EV/EBITDA?
Digital Turbine, Inc.'s current EV/EBITDA is 29.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 31.7x.
What is Digital Turbine, Inc.'s ROE?
Digital Turbine, Inc.'s return on equity (ROE) is -50.1%. The historical average is -71.9%.
Is APPS stock overvalued?
Based on historical data, Digital Turbine, Inc. is trading at a P/E of -4.5x. Compare with industry peers and growth rates for a complete picture.
What are Digital Turbine, Inc.'s profit margins?
Digital Turbine, Inc. has 45.0% gross margin and -11.0% operating margin.
How much debt does Digital Turbine, Inc. have?
Digital Turbine, Inc.'s Debt/EBITDA ratio is 14.5x, indicating high leverage. A ratio above 4x may signal elevated financial risk.