APPSDigital Turbine, Inc.

$10.85

Is it safe?

Can APPS take a bad year?

Digital Turbine, Inc. carries $323M of net debt at 3.75× EBITDA: a load its earnings can carry.

$323M

Net debt · as at Q4 2025 · between two and four years of EBITDA, normal for a stable business

Net debt / EBITDA
3.75×

Net debt / EBITDA · 199× a year ago · the load is coming down

Altman Z-score
0.79

Altman Z-score · distress zone, below 1.8

Interest cover
0.57×

Interest cover · operating profit barely covers the interest bill

Details
Total debtQ4 2025
$361M
Cash and short-term investments
$38M
Net debt
$323M
EBITDA, trailing twelve months
$86M
Operating profit, trailing twelve months
$34M
Debt / equity
1.88×
Total debt / EBITDA
4.19×
Annualised volatilitytwo years of daily moves
138%
Worst drawdown on file
−99%
Below its 52-week high
−25%

Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.