Is the business good?
How good a business is APPS?
Digital Turbine, Inc. earns 5.2% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
5.2%
Return on invested capital · cost of capital 9.0% · 3.8 points below what the capital costs: growth destroys value
- Operating margin
- 6.0%
Operating margin · Software - Application median 8.2% · 12 months to Q4 2025
- R&D as % of revenue
- 7.2%
R&D as % of revenue
- Gross margin
- 57%
Gross margin
| Year | Operating margin |
|---|---|
| FY2020 | 19% |
| FY2021 | 12% |
| FY2022 | 6.9% |
| FY2023 | −69% |
| FY2024 | −11% |
| FY2025 | 6.0% |
Details›
- Gross margin12 months to Q4 2025
- 57%
- Operating margin12 months to Q4 2025
- 6.0%
- Net margin12 months to Q4 2025
- −6.7%
- R&D as % of revenue
- 7.2%
- Revenue, trailing twelve months
- $565M
- Net income, trailing twelve months
- −$38M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 5.2%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Software - Application
Ranks #21 of 90 by Smart Score