Digital Turbine, Inc. (APPS) Financial Statements (2023 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)
| 6/30/2023 MRQ | 3/31/2023 | 12/31/2022 MRQ | 3/31/2022 | 3/31/2021 | 3/31/2020 | 3/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 75,058 | 79,307 | 126,768 | 30,778 | 21,534 | 10,894 | |||
| Cash and cash equivalents | 75,058 | 79,307 | 126,768 | 30,778 | 21,534 | 10,894 | |||
| Restricted cash and investments | 500 | 554 | 394 | 340 | 125 | 165 | |||
| Receivables | 178,189 | 231,001 | 263,139 | 61,985 | 33,135 | 22,707 | |||
| Disposal group, including discontinued operation | 2,026 | ||||||||
| Deposits current assets | 201 | 159 | 132 | ||||||
| Other undisclosed current assets | 12,319 | 31,912 | 20,570 | 4,081 | 3,494 | 1,199 | |||
| Total current assets: | 266,066 | 342,774 | 410,871 | 97,385 | 58,447 | 37,123 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 10,073 | 10,973 | 15,439 | 3,495 | 4,237 | ✕ | |||
| Property, plant and equipment | 39,327 | 38,759 | 31,086 | 13,050 | 8,183 | 3,430 | |||
| Intangible assets, net (including goodwill) | 941,208 | 955,521 | 1,000,381 | 133,476 | 113,144 | 36,442 | |||
| Goodwill | 561,576 | 560,340 | 559,792 | 80,176 | 69,262 | 42,268 | |||
| Intangible assets, net (excluding goodwill) | 379,632 | 395,181 | 440,589 | 53,300 | 43,882 | (5,826) | |||
| Deferred income tax assets | 12,963 | ✕ | |||||||
| Other noncurrent assets | 9,882 | 4,648 | 732 | ||||||
| Other undisclosed noncurrent assets | 5,866 | ||||||||
| Total noncurrent assets: | 1,000,490 | 1,009,901 | 1,047,638 | 162,984 | 125,564 | 45,738 | |||
| TOTAL ASSETS: | 1,266,556 | 1,352,675 | 1,458,509 | 260,369 | 184,011 | 82,861 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 188,559 | 229,700 | 291,803 | 90,966 | 55,313 | 33,558 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | 28,775 | 9,817 | 4,311 | 2,441 | ||
| Accounts payable | 119,338 | 154,320 | 167,858 | 34,953 | 31,579 | 14,912 | |||
| Accrued liabilities | 69,221 | 75,380 | 95,170 | 46,196 | 19,423 | 16,205 | |||
| Debt | 12,500 | 14,557 | 1,188 | ||||||
| Disposal group, including discontinued operation | 3,924 | ||||||||
| Business combination, contingent consideration, liability | 23,735 | ||||||||
| Other liabilities | 21,377 | 43,460 | 30,960 | 5,626 | 2,573 | 826 | |||
| Other undisclosed current liabilities | 10,984 | 16,206 | 50,000 | ||||||
| Total current liabilities: | 220,920 | 289,366 | 385,263 | 111,149 | 82,809 | 38,308 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 410,522 | 422,310 | 520,785 | 18,505 | |||||
| Long-term debt, excluding current maturities | 410,522 | 422,310 | 520,785 | 18,505 | |||||
| Liabilities, other than long-term debt | 27,859 | 33,372 | 36,246 | 4,108 | 5,243 | 182 | |||
| Deferred income tax liabilities | 13,940 | 18,786 | 19,976 | ✕ | |||||
| Other liabilities | 13,919 | 14,586 | 16,270 | 4,108 | 5,243 | 182 | |||
| Other undisclosed noncurrent liabilities | 8,013 | ||||||||
| Total noncurrent liabilities: | 438,381 | 455,682 | 557,031 | 4,108 | 23,748 | 8,195 | |||
| Total liabilities: | 659,301 | 745,048 | 942,294 | 115,257 | 106,557 | 46,503 | |||
| Equity | |||||||||
| Equity, attributable to parent | 605,196 | 605,649 | 514,571 | 145,112 | 77,454 | 36,358 | |||
| Preferred stock | 100 | 100 | 100 | 100 | 100 | 100 | |||
| Common stock | 10 | 10 | 10 | 10 | 10 | 10 | |||
| Treasury stock, value | (71) | (71) | (71) | (71) | (71) | (71) | |||
| Additional paid in capital | 822,217 | 810,994 | 745,661 | 373,310 | 360,224 | 332,793 | |||
| Accumulated other comprehensive loss | (41,945) | (44,201) | (39,341) | (903) | (591) | (356) | |||
| Accumulated deficit | (175,115) | (161,183) | (191,788) | (227,334) | (282,218) | (296,118) | |||
| Equity, attributable to noncontrolling interest | 2,059 | 1,978 | 1,644 | ||||||
| Total equity: | 607,255 | 607,627 | 516,215 | 145,112 | 77,454 | 36,358 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,266,556 | 1,352,675 | 1,458,509 | 260,369 | 184,011 | 82,861 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2023 TTM | 3/31/2023 | 12/31/2022 TTM | 3/31/2022 | 3/31/2021 | 3/31/2020 | 3/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 665,920 | 1,054,901 | 747,596 | 313,579 | 138,715 | 103,569 | ||
| Cost of revenue | (345,692) | (540,595) | (400,486) | (181,007) | (85,042) | (68,004) | ||
| Cost of goods and services sold | (309,247) | (237,618) | (370,648) | (178,649) | (83,588) | (65,981) | ||
| Other undisclosed gross profit | 36,445 | 57,276 | 29,838 | |||||
| Gross profit: | 356,673 | 571,582 | 376,948 | 132,572 | 53,673 | 35,565 | ||
| Operating expenses | (274,063) | (410,006) | (254,869) | (73,363) | (40,461) | (32,120) | ||
| Other undisclosed operating loss | (36,445) | (57,276) | (29,838) | |||||
| Operating income: | 46,165 | 104,300 | 92,241 | 59,209 | 13,212 | 3,445 | ||
| Nonoperating income (expense) | (24,149) | (48,367) | (48,269) | (17,352) | (9,307) | (7,278) | ||
| Gain (loss), foreign currency transaction, before tax | (1,026) | (595) | 2,062 | 3 | ||||
| Other nonoperating income (expense) | 229 | 392 | (749) | (146) | 232 | 153 | ||
| Interest and debt expense | (23,352) | (16,224) | (1,043) | (107) | (431) | |||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 1,043 | 107 | 431 | |||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (1,336) | 39,709 | 43,972 | 41,857 | 3,905 | (3,833) | ||
| Other undisclosed income from continuing operations before income taxes | 23,352 | 16,224 | ||||||
| Income (loss) from continuing operations before income taxes: | 22,016 | 55,933 | 43,972 | 41,857 | 3,905 | (3,833) | ||
| Income tax expense (benefit) | (5,146) | (8,164) | (8,403) | 13,027 | 10,375 | (469) | ||
| Other undisclosed loss from continuing operations | (8,403) | |||||||
| Income (loss) from continuing operations: | 16,870 | 39,366 | 35,569 | 54,884 | 14,280 | (4,302) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | 35,304 | 35,569 | 54,884 | 13,900 | (6,010) | ||
| Loss from discontinued operations | (380) | (1,708) | ||||||
| Net income (loss): | 16,870 | 39,366 | 35,569 | 54,884 | 13,900 | (6,010) | ||
| Net loss attributable to noncontrolling interest | (197) | (118) | (23) | |||||
| Other undisclosed net income attributable to parent | 2,075 | |||||||
| Net income (loss) available to common stockholders, diluted: | 16,673 | 41,323 | 35,546 | 54,884 | 13,900 | (6,010) | ||
Comprehensive Income ($ in thousands)
| 6/30/2023 TTM | 3/31/2023 | 12/31/2022 TTM | 3/31/2022 | 3/31/2021 | 3/31/2020 | 3/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 16,870 | 39,366 | 35,569 | 54,884 | 13,900 | (6,010) | ||
| Other undisclosed comprehensive income (loss) | (2,386) | (44,039) | (39,395) | |||||
| Comprehensive income (loss): | 14,484 | (4,673) | (3,826) | 54,884 | 13,900 | (6,010) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (415) | (334) | 934 | |||||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 3,351 | (312) | (235) | (31) | ||||
| Comprehensive income (loss), net of tax, attributable to parent: | 14,069 | (1,656) | (2,892) | 54,572 | 13,665 | (6,041) | ||
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.