Digital Turbine, Inc. (APPS) Financial Statements (2024 and earlier)

Company Profile

Business Address 111 NUECES STREET
AUSTIN, TX 78701
State of Incorp. DE
Fiscal Year End March 31
Industry (SIC) 6794 - Patent Owners and Lessors (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2023
MRQ
3/31/2023
3/31/2022
3/31/2021
3/31/2020
3/31/2019
3/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments75,058126,76830,77821,53410,89412,720
Cash and cash equivalents75,058126,76830,77821,53410,89412,720
Restricted cash and investments500394340125165331
Receivables178,189263,13961,98533,13522,70717,050
Disposal group, including discontinued operation     2,0268,753
Deposits current assets   201159132151
Other undisclosed current assets12,31920,5704,0813,4941,199750
Total current assets:266,066410,87197,38558,44737,12339,755
Noncurrent Assets
Operating lease, right-of-use asset10,07315,4393,4954,237
Property, plant and equipment39,32731,08613,0508,1833,4302,757
Intangible assets, net (including goodwill)941,2081,000,381133,476113,14436,44243,499
Goodwill561,576559,79280,17669,26242,26842,268
Intangible assets, net (excluding goodwill)379,632440,58953,30043,882(5,826)1,231
Deferred income tax assets   12,963 
Other noncurrent assets9,882732    
Other undisclosed noncurrent assets     5,866596
Total noncurrent assets:1,000,4901,047,638162,984125,56445,73846,852
TOTAL ASSETS:1,266,5561,458,509260,369184,01182,86186,607
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities188,559291,80390,96655,31333,55831,093
Employee-related liabilities28,7759,8174,3112,4412,966
Accounts payable119,338167,85834,95331,57914,91219,895
Accrued liabilities69,22195,17046,19619,42316,2058,232
Debt  12,50014,5571,188 1,445
Disposal group, including discontinued operation     3,92412,726
Business combination, contingent consideration, liability    23,735  
Other liabilities21,37730,9605,6262,5738261,142
Other undisclosed current liabilities10,98450,000    
Total current liabilities:220,920385,263111,14982,80938,30846,406
Noncurrent Liabilities
Long-term debt and lease obligation410,522520,785 18,505 3,873
Long-term debt, excluding current maturities410,522520,785 18,505 3,873
Liabilities, other than long-term debt27,85936,2464,1085,243182 
Deferred income tax liabilities13,94019,976  
Other liabilities13,91916,2704,1085,243182 
Other undisclosed noncurrent liabilities     8,0138,656
Total noncurrent liabilities:438,381557,0314,10823,7488,19512,529
Total liabilities:659,301942,294115,257106,55746,50358,935
Equity
Equity, attributable to parent605,196514,571145,11277,45436,35827,672
Preferred stock100100100100100100
Common stock101010101010
Treasury stock, value(71)(71)(71)(71)(71)(71)
Additional paid in capital822,217745,661373,310360,224332,793318,066
Accumulated other comprehensive loss(41,945)(39,341)(903)(591)(356)(325)
Accumulated deficit(175,115)(191,788)(227,334)(282,218)(296,118)(290,108)
Equity, attributable to noncontrolling interest 2,0591,644    
Total equity:607,255516,215145,11277,45436,35827,672
TOTAL LIABILITIES AND EQUITY:1,266,5561,458,509260,369184,01182,86186,607

Income Statement (P&L) ($ in thousands)

12/31/2023
TTM
3/31/2023
3/31/2022
3/31/2021
3/31/2020
3/31/2019
3/31/2018
Revenues665,920747,596313,579138,715103,56974,751
Cost of revenue(345,692)(400,486)(181,007)(85,042)(68,004)(49,696)
Cost of goods and services sold(309,247)(370,648)(178,649)(83,588)(65,981)(49,696)
Other undisclosed gross profit36,44529,838    
Gross profit:356,673376,948132,57253,67335,56525,055
Operating expenses(274,063)(254,869)(73,363)(40,461)(32,120)(30,864)
Other undisclosed operating loss(36,445)(29,838)    
Operating income (loss):46,16592,24159,20913,2123,445(5,809)
Nonoperating expense(24,149)(48,269)(17,352)(9,307)(7,278)(14,839)
Investment income, nonoperating     (1,008)(7,559)
Gain (loss), foreign currency transaction, before tax(1,026)2,062  3(148)
Other nonoperating income (expense)229(749)(146)232153(72)
Interest and debt expense(23,352) (1,043)(107)(431)(1,785)
Other undisclosed income from continuing operations before equity method investments, income taxes   1,0431074311,785
Income (loss) from continuing operations before equity method investments, income taxes:(1,336)43,97241,8573,905(3,833)(20,648)
Other undisclosed income from continuing operations before income taxes23,352     
Income (loss) from continuing operations before income taxes:22,01643,97241,8573,905(3,833)(20,648)
Income tax expense (benefit)(5,146)(8,403)13,02710,375(469)951
Income (loss) from continuing operations:16,87035,56954,88414,280(4,302)(19,697)
Income (loss) before gain (loss) on sale of properties:35,56954,88413,900(6,010)(52,857)
Loss from discontinued operations    (380)(1,708)(33,160)
Net income (loss):16,87035,56954,88413,900(6,010)(52,857)
Net income (loss) attributable to noncontrolling interest(197)(23)    
Net income (loss) available to common stockholders, diluted:16,67335,54654,88413,900(6,010)(52,857)

Comprehensive Income ($ in thousands)

12/31/2023
TTM
3/31/2023
3/31/2022
3/31/2021
3/31/2020
3/31/2019
3/31/2018
Net income (loss):16,87035,56954,88413,900(6,010)(52,857)
Other undisclosed comprehensive income (loss)(2,386)(39,395)    
Comprehensive income (loss):14,484(3,826)54,88413,900(6,010)(52,857)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(415)934    
Other undisclosed comprehensive loss, net of tax, attributable to parent   (312)(235)(31)(4)
Comprehensive income (loss), net of tax, attributable to parent:14,069(2,892)54,57213,665(6,041)(52,861)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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