Digital Turbine Files Q3 FY25 10-Q
Ticker: APPS · Form: 10-Q · Filed: Feb 5, 2025 · CIK: 317788
| Field | Detail |
|---|---|
| Company | Digital Turbine, Inc. (APPS) |
| Form Type | 10-Q |
| Filed Date | Feb 5, 2025 |
| Risk Level | medium |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, quarterly-report
TL;DR
DT's Q3 FY25 10-Q is in. Check financials.
AI Summary
Digital Turbine, Inc. filed its 10-Q for the period ending December 31, 2024. The company, formerly known as Mandalay Digital Group, Inc., reported financial results for the third quarter of fiscal year 2025. Key financial data and operational details for the period are included in this filing.
Why It Matters
This filing provides investors with the latest financial performance and operational updates for Digital Turbine, Inc., crucial for understanding the company's current health and future prospects.
Risk Assessment
Risk Level: medium — 10-Q filings are standard financial reports, but the specific content can reveal significant financial health indicators or operational changes that may impact risk.
Key Numbers
- 2024-12-31 — Period End Date (The 10-Q covers financial performance up to this date.)
- 2025-02-05 — Filing Date (This is when the report was officially submitted to the SEC.)
Key Players & Entities
- Digital Turbine, Inc. (company) — Filer
- Mandalay Digital Group, Inc. (company) — Former company name
- NeuMedia, Inc. (company) — Former company name
- Mandalay Media, Inc. (company) — Former company name
- 20241231 (date) — Period of report
- 20250205 (date) — Filing date
FAQ
What is the reporting period for this 10-Q filing?
The Conformed Period of Report is 20241231, meaning the filing covers the period ending December 31, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on 20250205.
What were Digital Turbine, Inc.'s former names?
Digital Turbine, Inc. was formerly known as Mandalay Digital Group, Inc., NeuMedia, Inc., and Mandalay Media, Inc.
What is Digital Turbine's fiscal year end?
Digital Turbine's fiscal year ends on 0331.
What is the company's primary business address?
The company's business address is 111 Nueces Street, Austin, TX 78701.
Filing Stats: 4,834 words · 19 min read · ~16 pages · Grade level 19.7 · Accepted 2025-02-05 16:57:44
Key Financial Figures
- $0.0001 — ) of the Act: Common Stock, Par Value $0.0001 Per Share APPS The Nasdaq Stock Marke
Filing Documents
- apps-20241231.htm (10-Q) — 1427KB
- form10-qxexhibit311q3fy2025.htm (EX-31.1) — 8KB
- form10-qxexhibit312q3fy2025.htm (EX-31.2) — 8KB
- form10-qxexhibit321q3fy2025.htm (EX-32.1) — 4KB
- form10-qxexhibit322q3fy2025.htm (EX-32.2) — 4KB
- apps-20241231_g1.jpg (GRAPHIC) — 60KB
- 0001628280-25-004090.txt ( ) — 7399KB
- apps-20241231.xsd (EX-101.SCH) — 44KB
- apps-20241231_cal.xml (EX-101.CAL) — 75KB
- apps-20241231_def.xml (EX-101.DEF) — 195KB
- apps-20241231_lab.xml (EX-101.LAB) — 621KB
- apps-20241231_pre.xml (EX-101.PRE) — 441KB
- apps-20241231_htm.xml (XML) — 1034KB
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 23 ITEM 3.
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 34 ITEM 4.
CONTROLS AND PROCEDURES
CONTROLS AND PROCEDURES 35 PART II OTHER INFORMATION 36 ITEM 1.
LEGAL PROCEEDINGS
LEGAL PROCEEDINGS 36 ITEM 1A.
RISK FACTORS
RISK FACTORS 36 ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 37 ITEM 3. DEFAULTS UPON SENIOR SECURITIES 37 ITEM 4. MINE SAFETY DISCLOSURES 37 ITEM 5. OTHER INFORMATION 37 ITEM 6. EXHIBITS 38
SIGNATURES
SIGNATURES 38 Table of Contents
- FINANCIAL INFORMATION
PART I - FINANCIAL INFORMATION
CONSOLIDATED FINANCIAL STATEMENTS
ITEM 1. CONSOLIDATED FINANCIAL STATEMENTS Digital Turbine, Inc. and Subsidiaries Condensed Consolidated Balance Sheets (in thousands, except par value and share amounts) December 31, 2024 March 31, 2024 (Unaudited) ASSETS Current assets Cash and cash equivalents $ 35,314 $ 33,605 Accounts receivable, net 199,511 191,015 Prepaid expenses 6,877 7,704 Other current assets 12,418 10,017 Total current assets 254,120 242,341 Property and equipment, net 49,625 45,782 Right-of-use assets 10,631 9,127 Intangible assets, net 270,262 313,505 Goodwill 221,080 220,072 Other non-current assets 33,992 34,713 TOTAL ASSETS $ 839,710 $ 865,540 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable $ 147,732 $ 159,200 Accrued revenue share 34,296 33,934 Accrued compensation 8,475 7,209 Acquisition purchase price liabilities 1,903 — Other current liabilities 47,831 35,681 Total current liabilities 240,237 236,024 Long-term debt, net of debt issuance costs 408,154 383,490 Deferred tax liabilities, net 14,903 20,424 Other non-current liabilities 12,853 11,670 Total liabilities 676,147 651,608 Commitments and contingencies (Note 16) Stockholders' equity Preferred stock Series A convertible preferred stock at $ 0.0001 par value; 2,000,000 shares authorized, 100,000 issued and outstanding (liquidation preference of $ 1 ) 100 100 Common stock $ 0.0001 par value: 200,000,000 shares authorized; 105,593,103 issued and 104,834,978 outstanding at December 31, 2024; 102,877,057 issued and 102,118,932 outstanding at March 31, 2024 10 10 Additional paid-in capital 884,270 858,191 Treasury stock ( 758,125 shares at December 31, 2024, and March 31, 2024) ( 71 ) ( 71 ) Accumulated other comprehensive loss ( 52,130 ) ( 48,955 ) Accumulated deficit ( 668,616 ) ( 595,343 ) Total stockholders' equity 163,563 213,932 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 839,710 $ 865,540 The accompanying notes are an integral part of these con