Digital Turbine, Inc.
For the period ended Sep 30, 2026. Filed Nov 9, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
| Six Months EndedSeptember 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities | ||
| Net loss | $(2,981) | $(35,499) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||
| Depreciation and amortization | 33,820 | 38,203 |
| Amortization of debt discount, issuance costs, and exit and duration fees | 4,686 | 3,932 |
| Loss on extinguishment of debt | — | 9,795 |
| Provision for credit losses on accounts receivable | 566 | 842 |
| Unrealized loss on derivatives | 8,606 | 2,335 |
| Stock-based compensation expense | 4,429 | 11,718 |
| Fair value adjustment to non-marketable equity securities | 9,281 | — |
| Foreign exchange transaction gain | (593) | (222) |
| Non-cash lease expense | 1,777 | 1,747 |
| Change in deferred income taxes | (2,311) | 41 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (15,880) | (25,201) |
| Prepaid expenses | 1,181 | 893 |
| Value-added tax receivable | 1,075 | (843) |
| Other current assets | (4,767) | (2,149) |
| Right-of-use assets | — | 62 |
| Other non-current assets | 270 | 675 |
| Accounts payable | (1,708) | (28,208) |
| Accrued revenue share | 12,143 | 45,045 |
| Accrued compensation | (9,369) | 5,457 |
| Other current liabilities | (2,811) | (3,340) |
| Other non-current liabilities | (712) | (2,035) |
| Net cash provided by operating activities | 36,702 | 23,248 |
| Cash flows from investing activities | ||
| Proceeds from sale of assets | 4,700 | — |
| Capital expenditures | (15,568) | (15,386) |
| Net cash used in investing activities | (10,868) | (15,386) |
| Cash flows from financing activities | ||
| Proceeds from borrowings, net of original issue discount | — | 418,700 |
| Payment of original debt discount | (5,000) | — |
| Payment of debt issuance costs | — | (19,915) |
| Payment of deferred business acquisition consideration | — | (842) |
| Repayment of debt obligations | (7,044) | (421,092) |
| Proceeds from issuance of common stock in connection with at-the-market offering, net of issuance costs of $420 | — | 13,573 |
| Payment of withholding taxes for net share settlement of equity awards | (370) | (301) |
| Proceeds from options exercised | 1,313 | 1,645 |
| Net cash used in financing activities | (11,101) | (8,232) |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | (1,073) | (430) |
| Net change in cash, cash equivalents, and restricted cash | 13,660 | (800) |
| Cash, cash equivalents, and restricted cash, beginning of period | 37,960 | 40,084 |
| Cash, cash equivalents, and restricted cash, end of period | $51,620 | $39,284 |
| Six Months EndedSeptember 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Reconciliation of cash, cash equivalents, and restricted cash | ||
| Cash and cash equivalents | $51,353 | $38,846 |
| Restricted cash | 267 | 438 |
| Total cash, cash equivalents, and restricted cash | $51,620 | $39,284 |
| Supplemental disclosure of cash flow information | ||
| Interest paid(1) | $22,836 | $22,288 |
| Income taxes paid | $9,692 | $4,614 |
| Supplemental disclosure of non-cash investing and financing activities | ||
| Assets acquired not yet paid | $151 | $277 |
| Right-of-use assets obtained in exchange for operating lease liabilities | $1,158 | $— |
| Stock-based compensation included in capitalized software development costs | $586 | $1,036 |
(1)The Company’s Form 10-Q for the quarterly period ended September 30, 2025 previously inadvertently reported interest paid as $13,623 for the six months ended, which represented interest paid for the three-months then ended instead of cumulative interest paid for the six-months then ended. This disclosure error was limited to the September 30, 2025 reporting period, and interest paid was correctly reported in subsequent periods.
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