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Digital Turbine Reports Strong Fiscal 2027 First Quarter Financial Results and Raises Full-Year Guidance

APPS
  • Digital Turbine reported first-quarter fiscal 2027 net revenue of $166.0 million, a 27% increase year-over-year compared to $130.9 million in fiscal 2026.
  • The company recorded a GAAP net loss of $3.2 million ($0.03 per share) for the quarter, compared to a GAAP net loss of $14.1 million ($0.13 per share) in the prior year period.
  • Non-GAAP adjusted net income totaled $24.1 million ($0.19 per share), representing significant growth from $7.0 million ($0.06 per share) in the first quarter of fiscal 2026.
  • Non-GAAP adjusted EBITDA reached $42.5 million, a 69% year-over-year increase from $25.1 million in the first quarter of fiscal 2026.
  • Non-GAAP free cash flow for the quarter was $11.3 million.
  • Revenue from the On Device Solutions segment grew 15% year-over-year to $110.0 million.
  • Revenue from the App Growth Platform segment surged 56% year-over-year to $56.6 million, driven by AI partnerships & the DT Exchange.
  • Management provided fiscal 2027 guidance of $650 million to $670 million in revenue & $145 million to $155 million in Non-GAAP adjusted EBITDA.
  • GAAP net income guidance is unavailable due to the inability to estimate stock-based compensation expense volatility.
  • Cash, cash equivalents, & restricted cash increased to $43.2 million at June 30, 2026, from $37.96 million at March 31, 2026.
  • Total assets stood at $843.5 million as of June 30, 2026, with total liabilities at $652.9 million.
  • CEO Bill Stone highlighted improved execution & the strategic use of AI to enhance platform yields & user experiences.
  • Management held a conference call on August 4, 2026, to discuss results & forward guidance, with a replay available until August 11, 2026.