← Digital Turbine, Inc.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net loss | ($24.3m) | — | — | — | — | — | — | ($420.4m) | ($92.1m) | ($37.7m) | — | |
| Depreciation and amortization | $8.2m | $2.7m | $2.8m | $2.3m | $7.1m | $57.5m | $81.1m | $83.9m | $82.9m | $71.5m | $64.9m | |
| Amortization of debt discount, issuance costs, and exit and duration fees | $1.3m | $1.0m | $798k | $6k | $94k | — | — | $102k | $1.8m | $13.9m | — | |
| Change in deferred income taxes | $148k | ($244k) | $556k | $40k | ($13.0m) | ($4.0m) | ($6.0m) | $6.9m | ($4.1m) | ($654k) | — | |
| Stock-based compensation expense | $3.7m | $2.7m | $2.0m | $2.7m | $4.9m | $19.3m | $30.4m | $33.8m | $33.5m | $16.4m | $12.5m | |
| Stock-based compensation included in capitalized software development costs | — | — | — | — | — | — | — | $1.6m | $1.0m | $1.9m | $12.5m | |
| Impairment of goodwill | — | — | — | — | — | $0 | $0 | $336.6m | $0 | $0 | — | |
| Equity investments | — | — | — | — | $0 | $0 | ($8.5m) | ($19.6m) | $0 | $0 | — | |
| Provision for credit losses on accounts receivable | $133k | $299k | $383k | $2.9m | — | — | — | $3.2m | $2.8m | $233k | — | |
| Accounts receivable | $833k | ($7.1m) | ($6.0m) | ($2.4m) | ($25.4m) | ($73.7m) | $83.9m | ($19.3m) | $5.8m | ($70.2m) | ($53.5m) | |
| Accounts payable | $4.6m | $8.1m | ($5.0m) | $16.2m | ($1.9m) | $31.8m | ($48.8m) | $40.2m | ($19.3m) | ($7.2m) | $37.8m | |
| Accrued revenue share | ($1.1m) | $5.2m | $8.0m | ($3.6m) | $26.4m | $14.6m | ($26.0m) | ($35.0m) | $1.4m | $51.8m | — | |
| Accrued compensation | ($280k) | $2.4m | ($525k) | $1.7m | $5.2m | ($43.9m) | ($18.2m) | ($3.6m) | $298k | $14.8m | — | |
| Other current assets | — | — | — | — | — | $2.3m | $8.0m | ($6.3m) | $613k | ($4.8m) | ($7.9m) | |
| Other current liabilities | ($879k) | $78k | ($253k) | $1.0m | $2.7m | $9.6m | ($10.0m) | $14.3m | $2.4m | ($21.4m) | ($14.7m) | |
| Net cash provided by operating activities | ($7.0m) |
$7.0m
+199.59%
|
$1.3m
-81.78%
|
$31.4m
+2372.58%
|
$62.8m
+100.13%
|
$84.7m
+34.94%
|
$113.4m
+33.80%
|
$28.7m
-74.71%
|
$11.9m
-58.57%
|
$41.8m
+251.89%
|
$50.9m
+21.70%
|
|
| Capital expenditures | ($1.6m) | ($2.0m) | ($2.3m) | ($4.8m) | ($9.2m) | ($23.3m) | ($23.9m) | ($24.3m) | ($27.5m) | ($30.6m) | ($29.7m) | |
| Fair value of unpaid contingent consideration in connection with business acquisitions | — | — | — | — | $0 | $50.0m | $2.7m | $2.4m | $1.7m | $0 | — | |
| Net cash used in investing activities | ($596k) | ($2.1m) | ($2.3m) | ($46.7m) | ($37.8m) | ($172.0m) | ($35.1m) | ($43.8m) | ($27.5m) | ($30.6m) | ($25.0m) | |
| Loss on extinguishment of debt | $293k | $1.8m | $431k | $0 | $255k | $0 | $0 | $0 | $0 | $9.8m | — | |
| Proceeds from borrowings, net of original issue discount | $0 | $2.5m | $0 | $20.0m | $15.0m | $549.1m | $25.5m | $50.0m | $38.0m | $418.7m | — | |
| Payment of debt issuance costs | ($2.4m) | ($346k) | $0 | ($313k) | ($469k) | ($4.1m) | ($99k) | $0 | ($1.6m) | ($20.5m) | — | |
| Repayment of debt obligations | ($11.0m) | ($1.1m) | ($1.6m) | $0 | ($20.0m) | ($52.8m) | ($149.0m) | ($77.1m) | ($13.0m) | ($466.0m) | ($475.7m) | |
| Proceeds from issuance of common stock in connection with at-the-market offering, net of issuance costs of $1,757 | $0 | $0 | — | — | — | — | — | $0 | $0 | $56.8m | $56.8m | |
| Payment of withholding taxes for net share settlement of equity awards | — | — | — | — | $0 | ($8.6m) | ($6.7m) | ($1.3m) | ($465k) | ($937k) | — | |
| Net cash provided by (used in) financing activities | $2.6m |
$1.7m
-33.68%
|
($916k)
-152.55%
|
$26.2m
+2957.53%
|
($15.2m)
-158.13%
|
$185.2m
+1317.42%
|
($128.3m)
-169.25%
|
($29.3m)
+77.16%
|
$23.3m
+179.46%
|
($10.9m)
-146.66%
|
($12.1m)
-11.36%
|
|
| Cash, cash equivalents, and restricted cash, beginning of period | $6.5m | $13.1m | $11.1m | $21.7m | $31.1m | $127.2m | $75.6m | $33.6m | $40.1m | $38.0m | — | |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | — | — | — | — | ($312k) | ($1.9m) | ($1.6m) | $2.5m | ($1.2m) | ($2.4m) | ($4.7m) | |
| Net change in cash, cash equivalents, and restricted cash | ($4.8m) | $6.6m | ($2.0m) | $10.6m | $9.5m | $96.0m | ($51.6m) | ($42.0m) | $6.5m | ($2.1m) | — | |
| Restricted cash | — | — | — | — | — | — | $500k | $689k | $691k | $241k | — | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Unrealized gain on derivatives | — | — | — | — | — | — | — | $0 | $0 | ($1.5m) | — | |
| Foreign exchange transaction gain | — | — | — | — | $0 | ($2.1m) | ($1.0m) | ($101k) | ($1.3m) | ($3.5m) | — | |
| Change in fair value of contingent consideration | — | — | $0 | $0 | $15.8m | $41.1m | $0 | ($372k) | $300k | $231k | — | |
| Non-cash lease expense | — | — | — | — | $742k | $6.0m | $5.7m | $906k | $3.2m | $3.5m | — | |
| Prepaid expenses | — | — | — | — | — | ($5.5m) | $49k | $688k | $777k | $922k | — | |
| Value-added tax receivable | — | — | — | — | — | — | $11.9m | ($4.4m) | ($3.6m) | $4.4m | — | |
| Right-of-use assets | — | — | — | ($1.9m) | $742k | — | $0 | ($2.1m) | ($3.9m) | ($1.1m) | — | |
| Other non-current assets | — | — | — | — | $0 | $283k | ($636k) | ($5.2m) | $939k | $1.8m | — | |
| Other non-current liabilities | ($31k) | ($695k) | $182k | ($9.0m) | ($1.1m) | ($6.0m) | ($5.9m) | ($1.7m) | ($639k) | $713k | — | |
| Business acquisition, net of cash acquired | — | $0 | $0 | ($41.9m) | ($28.6m) | ($148.7m) | ($2.7m) | $65k | $0 | $0 | — | |
| Payment of deferred business acquisition consideration | — | — | — | — | $0 | ($302.7m) | $0 | $0 | $0 | ($1.3m) | — | |
| Acquisition of non-controlling interest in consolidated subsidiaries | — | — | — | — | — | $0 | $0 | ($3.8m) | $0 | $0 | — | |
| Proceeds from options exercised | $11k | $337k | $734k | $6.5m | $7.2m | $4.3m | $2.0m | $2.9m | $373k | $2.3m | — | |
| Cash and cash equivalents | $6.1m | $12.7m | — | — | — | — | $75.1m | $32.9m | $39.4m | $37.7m | $34.1m | |
| Interest paid | $1.4m | $1.1m | $383k | $101k | $922k | $6.0m | $20.2m | $30.7m | $35.6m | $47.1m | $50.0m | |
| Income taxes paid | — | — | $0 | $0 | $927k | $1.7m | $5.7m | $1.5m | $7.2m | $26.3m | — | |
| Assets acquired not yet paid | — | — | — | — | — | $538k | $445k | $546k | $519k | $233k | — |