APPS screens statistically cheap with rising forward estimates and a solid recent beat rate, but value-trap signals around leverage and margins, quality below the required floor, and defensive short and options positioning keep this a high-risk name.
Thesis pillars
- Steep Valuation Discount→Stable
- Value Trap Leverage Margins↓Deteriorating
- Quality Below Required Floor↓Deteriorating
- +2 more pillars — see the Why tab for full reasoning
Pillars as of Jul 5, 2026, based on the 10-K filed May 26, 2026
Digital Turbine, Inc. (APPS) Stock Analysis
Range Bound setup · Inst Constrain edge
Technology · Software - Application
Sell if holding. Engine safety override at $9.91: Quality below floor (3.9 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 6.3/10 and A.R:R 3.4:1 is above the 1.5:1 BUY gate. Specifically: Below-average business quality; Negative price momentum.
Digital Turbine operates two mobile segments: On Device Solutions, which pre-installs apps and content through wireless carrier and OEM partnerships, and App Growth Platform, a demand-side advertising and ad-monetization platform for app developers and brands. Revenue comes... Read more
Sell if holding. Engine safety override at $9.91: Quality below floor (3.9 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 6.3/10 and A.R:R 3.4:1 is above the 1.5:1 BUY gate. Specifically: Below-average business quality; Negative price momentum. Chart setup: RSI 43 mid-range, Bollinger mid-band. Score 6.3/10, moderate confidence.
Passes 6/8 gates (favorable risk/reward ratio, clean insider activity, no SEC red flags, news events none recent, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and earnings proximity 4d<=7d. Suitability: aggressive.
About Digital Turbine, Inc.
About Digital Turbine, Inc.
Digital Turbine operates two segments — On Device Solutions, which pre-loads and delivers mobile apps and content through partnerships with wireless carriers and OEMs, and App Growth Platform, which runs advertising and ad-monetization services for app developers and brands — after completing a company-wide transformation program with layoffs in November 2024 and January 2025. As of March 31, 2026, the company employed 620 full-time staff globally, with product development spending of $40.5 million for the fiscal year.
Digital Turbine's On Device Solutions business compensates wireless carriers and OEMs under revenue-share agreements for app-install and content-media placements, including programmatic ad-exchange CPM revenue, CPC-based sponsored and editorial content, and SingleTap one-touch app installs, while its App Growth Platform serves app developers, brands, and agencies through its demand-side platform and Offer Wall, paying publishers via revenue share or CPM, CPI, CPP, or CPA arrangements. For each of fiscal 2026, 2025, and 2024, no single supply partner or customer accounted for more than 10% of net revenue, though the company discloses that a significant portion of its ODS revenue depends on a limited number of wireless carriers, and both carrier/OEM and advertiser contracts are typically short-term or cancellable without penalty. The company competes against Google Play, Meta, Snap, Unity Software, AppLovin, and InMobi, some of which are simultaneously customers and rivals, and increasingly relies on third-party AI partners for the data and infrastructure behind its ad-monetization models.
Show full overview
Digital Turbine's competitive position carries a frenemy dynamic: Google, Meta, Snap, and Unity Software appear in the 10-K both as advertising-platform competitors and, in some cases, as customers or partners. That overlap means a shift in how Google prioritizes Play Store distribution, or how a carrier weighs building an in-house app-delivery tool against licensing Digital Turbine's ODS platform, could shrink both its addressable market and its customer base at once. The 10-K flags that existing wireless carriers could decide to develop their own solutions rather than continue using Digital Turbine's suite of products, a risk concentrated in the same limited set of carrier relationships the ODS segment depends on for a significant share of its revenue.
See also: Technology · Software - Application
From Digital Turbine, Inc.'s most recent 10-K filing, extracted July 6, 2026.
Recent developments
updated 2026-10-29Recent Developments — Digital Turbine, Inc.
Latest news
- NEWS 10 Information Technology Stocks With Whale Alerts In Today’s Session — benzinga Oct 23, 2026 neutral
- NEWS Digital Turbine to Host Fiscal 2027 Second Quarter Financial Results Conference Call — fiscal.ai Oct 19, 2026 neutral
- NEWS Roth Capital Reinstates Buy on Digital Turbine, Announces $19 Price Target — benzinga Oct 15, 2026 positive
- NEWS Digital Turbine Files Automatic Mixed Shelf Registration; Size Not Disclosed — benzinga Oct 1, 2026 neutral
- NEWS RBC Capital Initiates Coverage On Digital Turbine with Outperform Rating, Announces Price Target of $15 — benzinga Oct 1, 2026 positive
Generated 2026-10-29T11:48:39Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- MEDIUMCustomerwireless carriers10-K Item 1A: 'A significant portion of our ODS business is derived from a limited number of wireless carriers.'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
Show full disclosure ▾Hide full disclosure ▴
About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.
Not investment advice. TrendMatrix is not a registered investment adviser. Our content is for informational and educational purposes only. Consult your own licensed investment adviser, broker, or tax professional before making any investment decision.
Conflicts and positions. People who build TrendMatrix, or entities they control, may hold positions, long or short, in securities it covers, and may trade them at any time. Positions are not disclosed individually. Verdicts are generated by an automated model applied by the same rules to every covered stock, and are not adjusted for any position held by the people who build TrendMatrix. We do not accept payment from issuers for coverage.
No paid promotion. TrendMatrix does not accept payment from any issuer, broker, or third party in exchange for coverage of any security.
No fiduciary duty. No fiduciary, advisory, or agency relationship is created between you and TrendMatrix by reading our content or subscribing to our service.
Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.
Rating Breakdown
2 floor-breakers·1 ceiling hit
Unprofitable operations — net margin -5.8%. Quality floor flags this regardless of sector context.static
Momentum below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Engine safety override at $9.91: Quality below floor (3.9 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 6.3/10 and A.R:R 3.4:1 is above the 1.5:1 BUY gate. Specifically: Below-average business quality; Negative price momentum. Chart setup: RSI 43 mid-range, Bollinger mid-band. Prior stop was $9.22. Score 6.3/10, moderate confidence.
Analyst target: $14.45 (+45.8% upside). Prior stop was $9.22. Stop-loss: $9.22.
Quality below floor (3.9 < 4.0).
Digital Turbine, Inc. trades at a P/E of N/A (forward 10.5). TrendMatrix value score: 8.4/10. Verdict: Sell.
10 analysts cover APPS with a consensus score of 4.1/5. Average price target: $17.
What does Digital Turbine, Inc. do?Digital Turbine operates two mobile segments: On Device Solutions, which pre-installs apps and content through wireless...
Digital Turbine operates two mobile segments: On Device Solutions, which pre-installs apps and content through wireless carrier and OEM partnerships, and App Growth Platform, a demand-side advertising and ad-monetization platform for app developers and brands. Revenue comes mainly from carrier/OEM revenue-share deals and CPM/CPI/CPC advertising fees; no single customer or supply partner exceeded 10% of net revenue in fiscal 2026, 2025, or 2024, though a significant share of ODS revenue depends on a limited number of wireless carriers.