APPS

Digital Turbine earns a Neutral rating at a 54.8 composite score, with conviction at 2/5. Fundamentals provide the decisive support at 80, driven by strong gross-margin and operating-margin subscores, an upper-tier market-cap contribution, revenue expansion, and an EBITDA-positive profile. That strength offsets a regulatory pillar at 49, where solid enforcement history is diluted by weak filing cadence and a middle-tier jurisdiction posture. Market scores 40 because institutional pricing feeds produced no available quote, limiting confirmation from price action. Editorial contributes 30, reflecting no recent newsroom or brief activity in CIN newsroom coverage. The resulting mix supports neither a premium stance nor a bearish call, placing the shares firmly in the Neutral band.

Licensed fundamentals data show year-over-year revenue growth of approximately 19.6%, a gross margin near 48.6%, and an operating margin of roughly 7.4%. Those figures underpin the 69.6 revenue-growth subscore, 81.0 gross-margin subscore, and 82.6 operating-margin subscore. Market capitalization stands near $1.27 billion, supporting an 84.2 size-tier score. EBITDA of about $106.1 million contrasts with a net loss approaching $37.8 million, leaving the financial condition stretched despite positive EBITDA. Primary regulatory filings show no recorded regulatory events across either the latest 90-day or 180-day windows and no enforcement hits, supporting the 80 enforcement subscore. However, no latest filing date is captured, leaving cadence at 25 and constraining the broader regulatory pillar.

The forward catalyst rests squarely on fundamentals, the strongest pillar and the only category delivering clear score leadership. Sustained revenue growth, preservation of the near-49% gross margin, and continued positive operating profitability could strengthen earnings quality and lift the composite beyond its current midrange position. The stretched condition remains central because positive EBITDA has not translated into bottom-line profitability, while absent institutional pricing data and limited CIN newsroom coverage provide little external reinforcement. Regulatory stability offers support through the lack of recent events or enforcement hits, but weak filing cadence prevents that pillar from becoming a rating driver. The single most important signal to watch is conversion of EBITDA-positive operations into positive net income.