Digital Turbine, Inc.
For the period ended Mar 31, 2026. Filed May 26, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2026 · Filed May 26, 2026
APPS$7.25-35.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
| Year Ended March 31, | |||
|---|---|---|---|
| 2026 | 2025 | 2024 | |
| Cash flows from operating activities | |||
| Net loss | $(37,732) | $(92,099) | $(420,448) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | |||
| Depreciation and amortization | 71,452 | 82,910 | 83,858 |
| Amortization of debt discount, issuance costs, and exit and duration fees | 13,933 | 1,835 | 102 |
| Loss on extinguishment of debt | 9,795 | — | — |
| Provision for credit losses on accounts receivable | 233 | 2,767 | 3,202 |
| Unrealized gain on derivatives | (1,504) | — | — |
| Stock-based compensation expense | 16,355 | 33,543 | 33,763 |
| Foreign exchange transaction gain | (3,536) | (1,297) | (101) |
| Change in fair value of contingent consideration | 231 | 300 | (372) |
| Non-cash lease expense | 3,502 | 3,179 | 3,029 |
| Change in deferred income taxes | (654) | (4,054) | 6,900 |
| Impairment of goodwill | — | — | 336,640 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (70,192) | 5,823 | (19,251) |
| Prepaid expenses | 922 | 777 | 688 |
| Value-added tax receivable | 4,386 | (3,570) | (4,356) |
| Other current assets | (4,848) | 613 | (1,931) |
| Right-of-use assets | (1,061) | (3,928) | (2,123) |
| Other non-current assets | 1,814 | 939 | (5,194) |
| Accounts payable | (7,183) | (19,345) | 40,190 |
| Accrued revenue share | 51,827 | 1,418 | (34,955) |
| Accrued compensation | 14,767 | 298 | (3,552) |
| Other current liabilities | (21,415) | 2,410 | 14,335 |
| Other non-current liabilities | 713 | (639) | (1,747) |
| Net cash provided by operating activities | 41,805 | 11,880 | 28,677 |
| Cash flows from investing activities | |||
| Equity investments | — | — | (19,634) |
| Business acquisition, net of cash acquired | — | — | 65 |
| Capital expenditures | (30,619) | (27,477) | (24,279) |
| Net cash used in investing activities | (30,619) | (27,477) | (43,848) |
| Cash flows from financing activities | |||
| Proceeds from borrowings, net of original issue discount | 418,700 | 38,000 | 50,000 |
| Payment of debt issuance costs | (20,486) | (1,627) | — |
| Payment of deferred business acquisition consideration | (1,263) | — | — |
| Repayment of debt obligations | (466,000) | (13,000) | (77,134) |
| Acquisition of non-controlling interest in consolidated subsidiaries | — | — | (3,751) |
| Proceeds from issuance of common stock in connection with at-the-market offering, net of issuance costs of $1,757 | 56,809 | — | — |
| Payment of withholding taxes for net share settlement of equity awards | (937) | (465) | (1,286) |
| Proceeds from options exercised | 2,313 | 373 | 2,871 |
| Net cash provided by (used in) financing activities | (10,864) | 23,281 | (29,300) |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | (2,446) | (1,205) | 2,518 |
| Net change in cash, cash equivalents, and restricted cash | (2,124) | 6,479 | (41,953) |
| Cash, cash equivalents, and restricted cash, beginning of period | 40,084 | 33,605 | 75,558 |
| Cash, cash equivalents, and restricted cash, end of period | $37,960 | $40,084 | $33,605 |
(in thousands)
| Year Ended March 31, | |||
|---|---|---|---|
| 2026 | 2025 | 2024 | |
| Reconciliation of cash, cash equivalents, and restricted cash | |||
| Cash and cash equivalents | $37,719 | $39,393 | $32,916 |
| Restricted cash | 241 | 691 | 689 |
| Total cash, cash equivalents, and restricted cash | $37,960 | $40,084 | $33,605 |
| Supplemental disclosure of cash flow information | |||
| Interest paid | $47,088 | $35,583 | $30,716 |
| Income taxes paid | $26,295 | $7,150 | $1,529 |
| Supplemental disclosure of non-cash investing and financing activities | |||
| Assets acquired not yet paid | $233 | $519 | $546 |
| Stock-based compensation included in capitalized software development costs | $1,857 | $1,024 | $1,644 |
| Fair value of unpaid contingent consideration in connection with business acquisitions | $— | $1,664 | $2,366 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.