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Digital Turbine Valuation Multiples
Discover revenue and EBITDA valuation multiples for Digital Turbine and similar public comparables like Septeni Holdings, MediaAlpha, Sprout Social, PubMatic and more.
Digital Turbine Overview
About Digital Turbine
Digital Turbine Inc is an independent mobile growth platform. It offers end-to-end products and solutions to all participants in the mobile application ecosystem, enabling brand discovery and advertising, user acquisition and engagement, and operational efficiency for advertisers. Its operating segments are On Device Solutions and App Growth Platform.
Founded
1998
HQ
Employees
647
Website
Financials (LTM)
EV
$837M
Digital Turbine Financials
Digital Turbine reported last 12-month revenue of $554M and EBITDA of $115M.
In the same LTM period, Digital Turbine generated $264M in gross profit, $115M in EBITDA, and had net loss of ($41M).
Revenue (LTM)
Digital Turbine P&L
In the most recent fiscal year, Digital Turbine reported revenue of $491M and EBITDA of $72M.
Digital Turbine expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $554M | XXX | $491M | XXX | XXX | XXX |
| Gross Profit | $264M | XXX | $221M | XXX | XXX | XXX |
| Gross Margin | 48% | XXX | 45% | XXX | XXX | XXX |
| EBITDA | $115M | XXX | $72M | XXX | XXX | XXX |
| EBITDA Margin | 21% | XXX | 15% | XXX | XXX | XXX |
| EBIT Margin | 11% | XXX | (3%) | XXX | XXX | XXX |
| Net Profit | ($41M) | XXX | ($92M) | XXX | XXX | XXX |
| Net Margin | (8%) | XXX | (19%) | XXX | XXX | XXX |
| Net Debt | — | — | $369M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Digital Turbine Stock Performance
Digital Turbine has current market cap of $514M, and enterprise value of $837M.
Market Cap Evolution
Digital Turbine's stock price is $4.29.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $837M | $514M | 0.0% | XXX | XXX | XXX | $-0.77 |
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Start Free TrialDigital Turbine Valuation Multiples
Digital Turbine trades at 1.5x EV/Revenue multiple, and 7.3x EV/EBITDA.
EV / Revenue (LTM)
Digital Turbine Financial Valuation Multiples
As of March 20, 2026, Digital Turbine has market cap of $514M and EV of $837M.
Equity research analysts estimate Digital Turbine's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Digital Turbine has a P/E ratio of (12.4x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $514M | XXX | $514M | XXX | XXX | XXX |
| EV (current) | $837M | XXX | $837M | XXX | XXX | XXX |
| EV/Revenue | 1.5x | XXX | 1.7x | XXX | XXX | XXX |
| EV/EBITDA | 7.3x | XXX | 11.6x | XXX | XXX | XXX |
| EV/EBIT | 13.5x | XXX | (50.0x) | XXX | XXX | XXX |
| EV/Gross Profit | 3.2x | XXX | 3.8x | XXX | XXX | XXX |
| P/E | (12.4x) | XXX | (5.6x) | XXX | XXX | XXX |
| EV/FCF | — | XXX | (53.6x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Digital Turbine Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Digital Turbine Margins & Growth Rates
Digital Turbine's revenue in the last 12 month grew by 11%.
Digital Turbine's revenue per employee in the last FY averaged $0.9M.
Digital Turbine's rule of 40 is 32% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Digital Turbine's rule of X is 49% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Digital Turbine Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 11% | XXX | 13% | XXX | XXX | XXX |
| EBITDA Margin | 21% | XXX | 15% | XXX | XXX | XXX |
| EBITDA Growth | 18% | XXX | 61% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 32% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 49% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.9M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 10% | XXX | 13% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 27% | XXX | 35% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 7% | XXX | 8% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 56% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Digital Turbine Public Comps
See public comps and valuation multiples for other AdTech Software comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Septeni Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| MediaAlpha | XXX | XXX | XXX | XXX | XXX | XXX |
| Sprout Social | XXX | XXX | XXX | XXX | XXX | XXX |
| PubMatic | XXX | XXX | XXX | XXX | XXX | XXX |
| Nexxen | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Digital Turbine M&A Activity
Digital Turbine acquired XXX companies to date.
Last acquisition by Digital Turbine was on XXXXXXXX, XXXXX. Digital Turbine acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Digital Turbine
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialDigital Turbine Investment Activity
Digital Turbine invested in XXX companies to date.
Digital Turbine made its latest investment on XXXXXXXX, XXXXX. Digital Turbine invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Digital Turbine
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Digital Turbine
| When was Digital Turbine founded? | Digital Turbine was founded in 1998. |
| Where is Digital Turbine headquartered? | Digital Turbine is headquartered in United States. |
| How many employees does Digital Turbine have? | As of today, Digital Turbine has over 647 employees. |
| Who is the CEO of Digital Turbine? | Digital Turbine's CEO is William Gordon Stone. |
| Is Digital Turbine publicly listed? | Yes, Digital Turbine is a public company listed on Nasdaq. |
| What is the stock symbol of Digital Turbine? | Digital Turbine trades under APPS ticker. |
| When did Digital Turbine go public? | Digital Turbine went public in 1995. |
| Who are competitors of Digital Turbine? | Digital Turbine main competitors are Septeni Holdings, MediaAlpha, Sprout Social, PubMatic. |
| What is the current market cap of Digital Turbine? | Digital Turbine's current market cap is $514M. |
| What is the current revenue of Digital Turbine? | Digital Turbine's last 12 months revenue is $554M. |
| What is the current revenue growth of Digital Turbine? | Digital Turbine revenue growth (NTM/LTM) is 11%. |
| What is the current EV/Revenue multiple of Digital Turbine? | Current revenue multiple of Digital Turbine is 1.5x. |
| Is Digital Turbine profitable? | Yes, Digital Turbine is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Digital Turbine? | Digital Turbine's last 12 months EBITDA is $115M. |
| What is Digital Turbine's EBITDA margin? | Digital Turbine's last 12 months EBITDA margin is 21%. |
| What is the current EV/EBITDA multiple of Digital Turbine? | Current EBITDA multiple of Digital Turbine is 7.3x. |
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