Key Highlights

● Fiscal first-quarter 2027 Revenue was $166.0 million, up 27 per cent year on year.

● App Growth Platform revenue rose 56 per cent to $56.6 million.

● Adjusted EBITDA rose 69 per cent to $42.5 million.

● Fiscal 2027 guidance is revenue of $650 million to $670 million.

First-quarter fiscal 2027 results

Digital Turbine, Inc. (NASDAQ:APPS) reported fiscal first-quarter 2027 results on 4 August 2026, covering the quarter ended 30 June 2026. Revenue was $166.0 million, up 27 per cent from $130.9 million a year earlier. On Device Solutions contributed $110.0 million, up 15 per cent, and the App Growth Platform contributed $56.6 million, up 56 per cent. Chief executive Bill Stone called it an encouraging start to the new fiscal year, crediting the App Growth Platform's growth to its Brand Business and DT Exchange, as well as AI partnerships and tools.

By simple arithmetic, On Device Solutions made up about 66 per cent of first-quarter revenue and the App Growth Platform about 34 per cent, so the faster-growing unit is still the smaller one. The first-quarter revenue of $166.0 million is about 25 per cent of the $660 million midpoint of full-year guidance, implying roughly $165 million per quarter, on average, across the remaining three quarters.

Earnings, Cash Flow and debt

The GAAP net loss narrowed to $3.2 million, or $0.03 per share, from $14.1 million, or $0.13 per share. Non-GAAP adjusted Net Income rose to $24.1 million, or $0.19 per share, from $7.0 million, or $0.06 per share. Adjusted EBITDA, another non-GAAP measure, was $42.5 million, up 69 per cent from $25.1 million. Non-GAAP adjustments are significant here, which makes the gap between the two profit measures worth noting.

Operating cash flow was $17.9 million and non-GAAP free cash flow was $11.3 million. Cash, cash equivalents and restricted cash were $43.2 million at 30 June 2026, against total Debt of about $352.9 million, comprising $343.5 million long-term, net, and $9.4 million current. The Balance Sheet also carried $13.0 million of derivative liabilities. Total debt is roughly 2.4 times the $150 million midpoint of adjusted EBITDA guidance, a rough Leverage indicator rather than a covenant measure.

Guidance

The release raised full-year guidance. For fiscal 2027, the company expects revenue of $650 million to $670 million and adjusted EBITDA of $145 million to $155 million. It does not provide GAAP net income guidance, and no second-quarter guidance appeared in the release.

Measured against the lower end of the full-year range, the first-quarter adjusted EBITDA of $42.5 million leaves about $102.5 million to be earned over the remaining three quarters, an implied figure rather than company guidance.

Shelf registration and the road to GAAP profit

Digital Turbine filed an automatic mixed securities shelf around 2 October 2026, which allows the company to issue securities later but does not itself mean any have been sold.

Adjusted net income of $24.1 million against a GAAP net loss of $3.2 million shows how far the company still has to go in converting adjusted profit into reported profit.