Digital Turbine (APPS) 10-Q 8 Aug 23 2024 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Jun. 30, 2023	Aug. 04, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2023
Document Transition Report	false
Entity File Number	001-35958
Entity Registrant Name	DIGITAL TURBINE, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	22-2267658
Entity Address, Address Line One	110 San Antonio Street,
Entity Address, Address Line Two	Suite 160,
Entity Address, City or Town	Austin,
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	78701
City Area Code	(512)
Local Phone Number	387-7717
Title of 12(b) Security	Common Stock, Par Value $0.0001 Per Share
Trading Symbol	APPS
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		100,517,142
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Entity Central Index Key	0000317788
Current Fiscal Year End Date	--03-31

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2023	Mar. 31, 2023
Current assets
Cash and cash equivalents	$ 58,559	$ 75,058
Restricted cash	510	500
Accounts receivable, net	203,887	178,189
Prepaid expenses and other current assets	15,172	12,319
Total current assets	278,128	266,066
Property and equipment, net	41,535	39,327
Right-of-use assets	9,422	10,073
Intangible assets, net	362,541	379,632
Goodwill	558,646	561,576
Other non-current assets	11,114	9,882
TOTAL ASSETS	1,261,386	1,266,556
Current liabilities
Accounts payable	138,194	119,338
Accrued license fees and revenue share	49,755	69,221
Accrued compensation	10,284	10,984
Other current liabilities	30,051	21,377
Total current liabilities	228,284	220,920
Long-term debt, net of debt issuance costs	405,732	410,522
Deferred tax liabilities, net	15,559	13,940
Other non-current liabilities	12,996	13,919
Total liabilities	662,571	659,301
Commitments and contingencies
Stockholders’ equity
Preferred stock	100	100
Common stock	10	10
Additional paid-in capital	830,861	822,217
Treasury stock (758,125 shares at June 30, 2023, and March 31, 2023)	(71)	(71)
Accumulated other comprehensive loss	(48,791)	(41,945)
Accumulated deficit	(183,294)	(175,115)
Total stockholders’ equity	598,815	605,196
Non-controlling interest	0	2,059
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 1,261,386	$ 1,266,556

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2023	Mar. 31, 2023
Statement of Financial Position [Abstract]
Series A convertible preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Series A convertible preferred stock, shares authorized	2,000,000	2,000,000
Series A convertible preferred stock, shares issued	100,000	100,000
Series A convertible preferred stock, shares outstanding	100,000	100,000
Series A convertible preferred stock, liquidation preference	$ 1	$ 1
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	101,044,782	100,216,494
Common stock, shares outstanding	100,286,657	99,458,369
Treasury stock (in shares)	758,125	758,125

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Income Statement [Abstract]
Net revenue	$ 146,366	$ 188,633
Costs of revenue and operating expenses
License fees and revenue share	69,592	87,367
Other direct costs of revenue	9,613	8,915
Product development	15,800	14,133
Sales and marketing	15,577	16,058
General and administrative	40,499	37,725
Total costs of revenue and operating expenses	151,081	164,198
(Loss) income from operations	(4,715)	24,435
Interest and other income (expense), net
Interest expense, net	(7,390)	(4,082)
Foreign exchange transaction gain (loss)	1,923	(331)
Other income, net	244	72
Total interest and other expense, net	(5,223)	(4,341)
(Loss) income before income taxes	(9,938)	20,094
Income tax (benefit) provision	(1,539)	5,136
Net (loss) income	(8,399)	14,958
Less: net (loss) income attributable to non-controlling interest	(220)	36
Net (loss) income attributable to Digital Turbine, Inc.	(8,179)	14,922
Other comprehensive loss
Foreign currency translation adjustment	(6,107)	(5,542)
Comprehensive (loss) income	(14,506)	9,416
Less: comprehensive income attributable to non-controlling interest	519	243
Comprehensive (loss) income attributable to Digital Turbine, Inc.	$ (15,025)	$ 9,173
Net income (loss) per common share, basic (in dollars per share)	$ (0.08)	$ 0.15
Net income (loss) per common share, diluted (in dollars per share)	$ (0.08)	$ 0.15
Weighted-average common shares outstanding
Basic (in shares)	99,877	97,822
Diluted (in shares)	99,877	102,686

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Cash flows from operating activities
Net (loss) income per common share	$ (8,399)	$ 14,958
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization	21,258	19,929
Non-cash interest expense	571	210
Stock-based compensation expense	10,017	6,244
Foreign exchange transaction (gain) loss	(1,923)	331
Right-of-use asset	644	2,654
Deferred income taxes	1,619	1,050
(Increase) decrease in assets:
Accounts receivable, gross	(24,739)	6,626
Allowance for credit losses	752	886
Prepaid expenses and other current assets	(2,801)	(4,967)
Other non-current assets	(1,233)	212
Increase (decrease) in liabilities:
Accounts payable	18,620	5,718
Accrued license fees and revenue share	(19,723)	(9,433)
Accrued compensation	(792)	(11,585)
Other current liabilities	7,943	7,368
Other non-current liabilities	(496)	(3,572)
Net cash provided by operating activities	1,318	36,629
Cash flows from investing activities
Capital expenditures	(7,276)	(6,413)
Net cash used in investing activities	(7,276)	(6,413)
Cash flows from financing activities
Proceeds from borrowings	5,000	0
Repayment of debt obligations	(10,000)	(60,508)
Acquisition of non-controlling interest in consolidated subsidiaries	(3,751)	0
Payment of withholding taxes for net share settlement of equity awards	(931)	(4,357)
Options exercised	731	296
Net cash used in financing activities	(8,951)	(64,569)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	(1,580)	(2,970)
Net change in cash, cash equivalents, and restricted cash	(16,489)	(37,323)
Cash, cash equivalents, and restricted cash, beginning of period	75,558	127,162
Cash, cash equivalents, and restricted cash, end of period	59,069	89,839
Supplemental disclosure of cash flow information
Interest paid	6,810	3,340
Income taxes paid	444	445
Supplemental disclosure of non-cash activities
Fair value of unpaid contingent consideration in connection with business acquisitions	2,738	2,578
Fyber
Supplemental disclosure of non-cash activities
Common stock issued for the acquisition of Fyber	$ 0	$ 50,000

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Common Stock	Preferred Stock	Treasury Stock	Additional Paid-In Capital	Accumulated Other Comprehensive Loss	Accumulated Deficit	Non-Controlling Interest
Beginning balance, common (in shares) at Mar. 31, 2022		97,163,701
Beginning balance at Mar. 31, 2022	$ 516,215	$ 10	$ 100	$ (71)	$ 745,661	$ (39,341)	$ (191,788)	$ 1,644
Beginning balance, preferred (in shares) at Mar. 31, 2022			100,000
Beginning balance, treasury (in shares) at Mar. 31, 2022				758,125
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	14,958						14,922	36
Foreign currency translation	(5,542)					(5,749)		207
Stock-based compensation expense	6,463				6,463
Shares issued:
Exercise of stock options (in shares)		380,176
Exercise of stock options and warrants	296				296
Issuance of restricted shares and vesting of restricted units (in shares)		7,763
Shares for acquisition of Fyber (in shares)		1,205,982
Shares for acquisition of Fyber	50,000				50,000
Payment of withholding taxes related to the net share settlement of equity awards	(4,357)				(4,357)
Ending balance, common (in shares) at Jun. 30, 2022		98,757,622
Ending balance at Jun. 30, 2022	$ 578,033	$ 10	$ 100	$ (71)	798,063	(45,090)	(176,866)	1,887
Ending balance, preferred (in shares) at Jun. 30, 2022			100,000
Ending balance, treasury (in shares) at Jun. 30, 2022				758,125
Beginning balance, common (in shares) at Mar. 31, 2023	99,458,369	99,458,369
Beginning balance at Mar. 31, 2023	$ 607,255	$ 10	$ 100	$ (71)	822,217	(41,945)	(175,115)	2,059
Beginning balance, preferred (in shares) at Mar. 31, 2023	100,000		100,000
Beginning balance, treasury (in shares) at Mar. 31, 2023	758,125			758,125
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	$ (8,399)						(8,179)	(220)
Foreign currency translation	(6,107)					(6,846)		739
Stock-based compensation expense	$ 10,017				10,017
Shares issued:
Exercise of stock options (in shares)	548,310	378,507
Exercise of stock options and warrants	$ 731				731
Issuance of restricted shares and vesting of restricted units (in shares)		449,781
Acquisition of non-controlling interests in Fyber	(3,751)				(1,173)			(2,578)
Payment of withholding taxes related to the net share settlement of equity awards	$ (931)				(931)
Ending balance, common (in shares) at Jun. 30, 2023	100,286,657	100,286,657
Ending balance at Jun. 30, 2023	$ 598,815	$ 10	$ 100	$ (71)	$ 830,861	$ (48,791)	$ (183,294)	$ 0
Ending balance, preferred (in shares) at Jun. 30, 2023	100,000		100,000
Ending balance, treasury (in shares) at Jun. 30, 2023	758,125			758,125

Description of Business

Description of Business	3 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business	Description of BusinessDigital Turbine, Inc., through its subsidiaries (collectively “Digital Turbine” or the “Company”), is a leading independent mobile growth platform that levels up the landscape for advertisers, publishers, carriers, and device original equipment manufacturers (“OEMs”). The Company offers end-to-end products and solutions leveraging proprietary technology to all participants in the mobile application ecosystem, enabling brand discovery and advertising, user acquisition and engagement, and operational efficiency for advertisers. In addition, the Company’s products and solutions provide monetization opportunities for OEMs, carriers, and application (“app” or “apps”) publishers and developers.

Basis of Presentation and Summa

Basis of Presentation and Summary of Significant Accounting Policies	3 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Basis of Presentation and Summary of Significant Accounting Policies	Basis of Presentation and Summary of Significant Accounting Policies Basis of Presentation and Consolidation The accompanying condensed consolidated financial statements are presented in accordance with accounting principles generally accepted in the United States (“GAAP”). The condensed consolidated financial statements include the accounts of the Company and its subsidiaries. The Company consolidates the financial results and reports non-controlling interests representing the economic interests held by other equity holders of subsidiaries that are not 100% owned by the Company. The calculation of non-controlling interests excludes any net income (loss) attributable directly to the Company. All intercompany balances and transactions have been eliminated in consolidation. The Company acquired the remaining minority interest shareholders’ outstanding shares in one of its subsidiaries during the three months ended June 30, 2023 for $3,751. As a result, the Company owned 100% of all its subsidiaries as of June 30, 2023. These financial statements should be read in conjunction with the Company’s audited financial statements and related notes included in its Annual Report on Form 10-K for the fiscal year ended March 31, 2023. Unaudited Interim Financial Information These accompanying unaudited condensed consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial reporting. In the opinion of management, these unaudited condensed consolidated financial statements reflect all adjustments, consisting of normal recurring items, considered necessary to present fairly the Company’s financial condition, results of operations, comprehensive income, stockholders’ equity, and cash flows for the interim periods indicated. The results of operations for the three months ended June 30, 2023, are not necessarily indicative of the operating results for the full fiscal year. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of income and expenses during the reporting period. Significant estimates and assumptions reflected in the financial statements include revenue recognition, including the determination of gross versus net revenue reporting, allowance for credit losses, stock-based compensation, fair value of acquired intangible assets and goodwill, useful lives of acquired intangible assets and property and equipment, fair value of contingent earn-out considerations, incremental borrowing rates for right-of-use assets and lease liabilities, and tax valuation allowances. These estimates are based on information available as of the date of the financial statements; therefore, actual results could differ materially from management’s estimates using different assumptions or under different conditions. Management considered the potential impacts of ongoing macroeconomic uncertainty due to global events such as the conflict in Ukraine, inflation, disruptions in supply chains, recessionary concerns impacting the markets in which the Company operates, and others, on the Company’s critical and significant accounting estimates. As of the date of issuance of these financial statements, the Company is not aware of any specific event or circumstance that would require the Company to update its estimates or judgments or revise the carrying value of its assets or liabilities as a result of such factors. Management’s estimates may change as new events occur and additional information is obtained. Actual results could differ from estimates and any such differences may be material to the Company’s condensed consolidated financial statements. Summary of Significant Accounting Policies There have been no significant changes to the Company’s significant accounting policies in Note 2—Basis of Presentation and Summary of Significant Accounting Policies, of the notes to the consolidated financial statements included in its Annual Report on Form 10-K for the fiscal year ended March 31, 2023.

Acquisitions

Acquisitions	3 Months Ended
	Jun. 30, 2023
Business Combination and Asset Acquisition [Abstract]
Acquisitions	Acquisitions Acquisition of In App Video Services UK LTD. On November 1, 2022, the Company completed the acquisition of all outstanding ownership interests of In App Video Services UK LTD. (“In App”), pursuant to a Stock Purchase Agreement (the “In App Acquisition”). Prior to the Acquisition, In App acted as a third-party representative of the Company’s App Growth Platform (“AGP”) segment’s products and services in the United Kingdom (“UK”). The acquisition of In App is part of the Company’s strategy to make investments that provide opportunities to grow market share and increase revenue in important markets and geographies like the UK. The Company acquired In App for total estimated consideration in the range of $2,250 to $5,500, paid as follows: (1) $2,708 paid in cash at closing, including a working capital adjustment of approximately $460, with $1,000 of that amount held in escrow for one-year and (2) potential annual earn-out payments based on meeting annual revenue targets for the calendar years ended December 31, 2022, 2023, 2024, and 2025. The annual earn-out payments are up to $250 for the year ended December 31, 2022, and $1,000 for each of the calendar years ended December 31, 2023, 2024, and 2025. Also, an incremental earn-out payment will be made for each of the calendar years ended 2023, 2024, and 2025 in an amount equal to 25% of revenue that is more than 150% of that calendar year’s revenue target. The revenue target was not met for the year ended December 31 2022 and the impact on the fair value of the purchase price liability was not material for the three months ended June 30, 2023.

Segment Information

Segment Information	3 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Segment Information	Segment Information Operating segments are identified as components of an enterprise for which separate discrete financial information is available for evaluation by the chief operating decision maker (“CODM”) in making decisions regarding resource allocation and assessing performance. The Company has determined that its Chief Executive Officer is the CODM. The Company reports its results of operations through the following two segments, each of which represents an operating and reportable segment, as follows: • On Device Solutions (“ODS”) - This segment generates revenue from the delivery of mobile application media or content to end users with solutions for all participants in the mobile application ecosystem that want to connect with end users and consumers who hold the device. This includes mobile carriers and device OEMs that participate in the app economy, app publishers and developers, and brands and advertising agencies. This segment's product offerings are enabled through relationships with mobile device carriers and OEMs. • App Growth Platform (“AGP”) - AGP customers are primarily advertisers and publishers and the segment provides platforms that allow mobile app publishers and developers to monetize their monthly active users via display, native, and video advertising. The AGP platforms allow demand side platforms, advertisers, agencies, and publishers to buy and sell digital ad impressions, primarily through programmatic, real-time bidding auctions and, in some cases, through direct-bought/sold advertiser budgets. The segment also provides brand and performance advertising products to advertisers and agencies. Three months ended June 30, 2023 ODS AGP Elimination Consolidated Net revenue $ 98,250 $ 48,959 $ (843) $ 146,366 License fees and revenue share 58,298 12,137 (843) 69,592 Segment profit $ 39,952 $ 36,822 $ — $ 76,774 Three months ended June 30, 2022 ODS AGP Elimination Consolidated Net revenue $ 118,637 $ 72,366 $ (2,370) $ 188,633 License fees and revenue share 68,450 21,287 (2,370) 87,367 Segment profit $ 50,187 $ 51,079 $ — $ 101,266 Geographic Area Information Long-lived assets, excluding deferred tax assets, by region follow: June 30, 2023 March 31, 2023 United States and Canada $ 26,086 $ 25,903 Europe, Middle East, and Africa 15,415 13,395 Asia Pacific and China 34 29 Consolidated property and equipment, net $ 41,535 $ 39,327 June 30, 2023 March 31, 2023 United States and Canada $ 152,002 $ 122,377 Europe, Middle East, and Africa 206,000 252,524 Asia Pacific and China 4,539 4,731 Consolidated intangible assets, net $ 362,541 $ 379,632 Three months ended June 30, 2023 ODS AGP Consolidated United States and Canada $ 38,941 $ 30,917 $ 69,858 Europe, Middle East, and Africa 46,022 13,552 59,574 Asia Pacific and China 12,543 4,447 16,990 Mexico, Central America, and South America 744 43 787 Elimination — — (843) Consolidated net revenue $ 98,250 $ 48,959 $ 146,366 Three months ended June 30, 2022 ODS AGP Consolidated United States and Canada $ 62,963 $ 46,238 $ 109,201 Europe, Middle East, and Africa 40,544 19,415 59,959 Asia Pacific and China 13,874 6,124 19,998 Mexico, Central America, and South America 1,256 589 1,845 Elimination — — (2,370) Consolidated net revenue $ 118,637 $ 72,366 $ 188,633

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill Changes in the carrying amount of goodwill by segment follows: ODS AGP Total Goodwill as of March 31, 2023 $ 80,176 $ 481,400 $ 561,576 Foreign currency translation — (2,930) (2,930) Goodwill as of June 30, 2023 $ 80,176 $ 478,470 $ 558,646 Intangible Assets The components of intangible assets were as follows as of the periods indicated: As of June 30, 2023 Weighted-Average Remaining Useful Life Cost Accumulated Amortization Net Customer relationships 12.02 years $ 169,131 $ (44,674) $ 124,457 Developed technology 5.04 years 146,609 (43,988) 102,621 Trade names 2.08 years 69,988 (31,710) 38,278 Publisher relationships 17.59 years 108,993 (11,808) 97,185 Total $ 494,721 $ (132,180) $ 362,541 As of March 31, 2023 Weighted-Average Remaining Useful Life Cost Accumulated Amortization Net Customer relationships 12.06 years $ 170,281 $ (39,925) $ 130,356 Developed technology 5.28 years 146,596 (38,813) 107,783 Trade names 2.33 years 69,983 (27,115) 42,868 Publisher relationships 17.83 years 109,028 (10,403) 98,625 Total $ 495,888 $ (116,256) $ 379,632 Estimated amortization expense in future fiscal years is expected to be: Fiscal year 2024 $ 48,272 Fiscal year 2025 55,724 Fiscal year 2026 41,460 Fiscal year 2027 35,335 Fiscal year 2028 35,335 Thereafter 146,415 Total $ 362,541

Accounts Receivable

Accounts Receivable	3 Months Ended
	Jun. 30, 2023
Receivables [Abstract]
Accounts Receivable	Accounts Receivable June 30, 2023 March 31, 2023 Billed $ 165,568 $ 136,921 Unbilled 48,638 51,474 Allowance for credit losses (10,319) (10,206) Accounts receivable, net $ 203,887 $ 178,189 Billed accounts receivable represent amounts billed to customers for which the Company has an unconditional right to consideration. Unbilled accounts receivable represents revenue recognized but billed after period-end. All unbilled receivables as of June 30, 2023, are expected to be billed and collected (subject to the allowance for credit losses) within twelve months. Allowance for Credit Losses The Company maintains reserves for current expected credit losses on accounts receivable. Management reviews the composition of accounts receivable and analyzes historical bad debts, customer concentrations, current economic trends, and changes in customer payment patterns to evaluate the adequacy of these reserves.

Property and Equipment

Property and Equipment	3 Months Ended
	Jun. 30, 2023
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and Equipment June 30, 2023 March 31, 2023 Computer-related equipment $ 3,653 $ 3,527 Developed software 70,848 63,891 Furniture and fixtures 2,020 2,103 Leasehold improvements 3,613 3,647 Property and equipment, gross 80,134 73,168 Accumulated depreciation (38,599) (33,841) Property and equipment, net $ 41,535 $ 39,327

Debt

Debt	3 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Debt	Debt The following table summarizes borrowings under the Company’s debt obligations and the associated interest rates: June 30, 2023 Balance Interest Rate Unused Line Fee Revolver (subject to variable interest rate) $ 408,134 7.13 % 0.20 % Debt obligations on the condensed consolidated balance sheets consist of the following: June 30, 2023 March 31, 2023 Revolver $ 408,134 $ 413,134 Less: Debt issuance costs (2,402) (2,612) Long-term debt, net of debt issuance costs $ 405,732 $ 410,522 Revolver On February 3, 2021, the Company entered into a credit agreement (the “Credit Agreement”) with Bank of America, N.A. (“BoA”), which provided for a revolving line of credit (the “Revolver”) of up to $100,000 with an accordion feature enabling the Company to increase the total amount up to $200,000. On April 29, 2021, the Company amended and restated the Credit Agreement (the “New Credit Agreement”) with BoA, as a lender and administrative agent, and a syndicate of other lenders, which provided for a revolving line of credit of up to $400,000. The revolving line of credit matures on April 29, 2026, and contains an accordion feature enabling the Company to increase the total amount of the Revolver by $75,000 plus an amount that would enable the Company to remain in compliance with its consolidated secured net leverage ratio, on such terms as agreed to by the parties. The New Credit Agreement was subsequently amended as follows: • First Amendment: Increase in the Revolver to $600,000, including the accordion feature mentioned above on December 29, 2021. • Second Amendment: LIBOR was replaced with the Term Secured Overnight Financing Rate (“SOFR”). As a result, borrowings under the New Credit Agreement where the applicable rate was LIBOR will accrue interest at an annual rate equal to SOFR plus between 1.50% and 2.25% beginning on the effective date of the Second Amendment, which was October 26, 2022. The First and Second Amendments discussed above made no other changes to the terms of the New Credit Agreement, which contains customary covenants, representations, and events of default and also requires the Company to comply with a maximum consolidated secured net leverage ratio and minimum consolidated interest coverage ratio. The Company incurred debt issuance costs of $4,064 for the New Credit Agreement, inclusive of costs incurred for the First and Second Amendments. Deferred debt issuance costs are recorded as a reduction of the carrying value of the debt on the condensed consolidated balance sheets. All deferred debt issuance costs are amortized on a straight-line basis over the term of the loan to interest expense. As of June 30, 2023, the Company had $408,134 drawn against the New Credit Agreement, classified as long-term debt on the condensed consolidated balance sheets, with remaining unamortized debt issuance costs of $2,402. As of June 30, 2023, amounts outstanding under the New Credit Agreement accrue interest at an annual rate equal to, at the Company’s election, (i) SOFR plus between 1.50% and 2.25%, based on the Company’s consolidated leverage ratio, or (ii) a base rate based upon the highest of (a) the federal funds rate plus 0.50%, (b) BoA’s prime rate, or (c) SOFR plus 1.00% plus between 0.50% and 1.25%, based on the Company’s consolidated leverage ratio. Additionally, the New Credit Agreement is subject to an unused line of credit fee between 0.15% and 0.35% per annum, based on the Company’s consolidated leverage ratio. As of June 30, 2023, the interest rate was 7.13% and the unused line of credit fee was 0.20%. The Company’s payment and performance obligations under the New Credit Agreement and related loan documents are secured by its grant of a security interest in substantially all of its personal property assets, whether now existing or hereafter acquired, subject to certain exclusions. If the Company acquires any real property assets with a fair market value in excess of $5,000, it is required to grant a security interest in such real property as well. All such security interests are required to be first priority security interests, subject to certain permitted liens. As of June 30, 2023, the Company had $191,866 available to draw on the revolving line of credit under the New Credit Agreement and was in compliance with all covenants. The fair value of the Company’s outstanding debt approximates its carrying value. Interest expense, net Interest expense, net, amortization of debt issuance costs, and unused line of credit fees were recorded in interest expense, net, on the condensed consolidated statements of operations and comprehensive (loss) income, as follows: Three months ended June 30, 2023 2022 Interest expense, net $ (7,114) $ (3,862) Amortization of debt issuance costs (212) (210) Unused line of credit fees and other (64) (10) Total interest expense, net $ (7,390) $ (4,082)

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	Stock-Based Compensation 2020 Equity Incentive Plan of Digital Turbine, Inc. (the “2020 Plan”) On September 15, 2020, the Company’s stockholders approved the 2020 Plan, pursuant to which the Company may grant equity incentive awards to directors, employees and other eligible participants. A total of 12,000,000 shares of common stock were reserved for grant under the 2020 Plan. The types of awards that may be granted under the 2020 Plan include incentive and non-qualified stock options, stock appreciation rights, restricted stock, and restricted stock units. The 2020 Plan became effective on September 15, 2020, and has a term of ten years. Stock options may be either incentive stock options, as defined in Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”), or non-qualified stock options. As of June 30, 2023, 5,684,615 shares of common stock were available for issuance as future awards under the 2020 Plan. Stock Options The following table summarizes stock option activity: Number of Shares Weighted-Average Exercise Price Weighted-Average Remaining Aggregate Intrinsic Value Options outstanding as of March 31, 2023 6,950,436 $ 12.73 6.12 $ 45,689 Granted 510,085 13.62 Exercised (548,310) 3.14 Forfeited / Expired (86,946) 48.30 Options outstanding as of June 30, 2023 6,825,265 $ 13.14 5.98 $ 26,891 Exercisable as of June 30, 2023 5,225,275 $ 9.33 5.00 $ 26,798 At June 30, 2023, total unrecognized stock-based compensation expense related to unvested stock options, net of estimated forfeitures, was $23,480, with an expected remaining weighted-average recognition period of 2.18 years. Restricted Stock Awards of restricted stock units may be either grants of time-based restricted stock units (“RSUs”) or performance-based restricted stock units (“PSUs”) that are issued at no cost to the recipient. The stock-based compensation expense for these awards is determined using the fair market value of the Company’s common stock on the date of the grant. No capital transaction occurs until the units vest, at which time they are converted to restricted or unrestricted stock. Compensation expense for RSUs with a time condition is recognized on a straight-line basis over the requisite service period. The Company periodically grants PSUs to certain key employees that are subject to the achievement of specified internal performance metrics over a specified performance period. The terms and conditions of the PSUs generally allow for vesting of the awards ranging between forfeiture and up to 200% of target. Stock-based compensation expense for PSUs with a performance condition are recognized on a straight-line basis based on the most likely attainment scenario over the performance period. The most likley attainment scenario is re-evaluated each period. Restricted stock awards (“RSAs”) are awards of common stock that are legally issued and outstanding. RSAs are subject to time-based restrictions on transfer and unvested portions are generally subject to a risk of forfeiture if the award recipient ceases providing services to the Company prior to the lapse of the restrictions. The stock-based compensation expense for these awards is determined using the fair market value of the Company’s common stock on the date of the grant. The RSAs have time conditions and in some cases, once the stock vests, the individual is restricted from selling the shares of stock for a certain defined period, from three months to one year, depending on the terms of the RSA. The following table summarizes RSU, PSU, and RSA activity: Number of Shares Weighted-Average Grant Date Fair Value Unvested restricted shares outstanding as of March 31, 2023 1,670,589 $ 24.96 Granted 2,646,987 13.69 Vested (483,368) 19.28 Forfeited (33,825) 17.57 Unvested restricted shares outstanding as of June 30, 2023 3,800,383 $ 17.32 At June 30, 2023, total unrecognized stock-based compensation expense related to RSUs, PSUs and RSAs, net of estimated forfeitures was $53,270, with an expected remaining weighted-average recognition period of 2.46 years. Stock-based compensation expense for the three months ended June 30, 2023 and 2022, was $10,017

Earnings per Share

Earnings per Share	3 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Earnings per Share	Earnings per Share Basic net (loss) income per share is computed based on the weighted average number of shares of common stock outstanding during the period. Diluted net (loss) income per share is computed based on the weighted average number of common shares outstanding plus the effect of potentially dilutive common shares outstanding during the period using the applicable methods. The following table sets forth the computation of basic and diluted net (loss) income per share of common stock (in thousands, except per share amounts): Three months ended June 30, 2023 2022 Net (loss) income per common share (8,399) 14,958 Less: net (loss) income attributable to non-controlling interest (220) 36 Net (loss) income attributable to Digital Turbine, Inc. $ (8,179) $ 14,922 Weighted-average common shares outstanding, basic 99,877 97,822 Basic net (loss) income per common share attributable to Digital Turbine, Inc. $ (0.08) $ 0.15 Weighted-average common shares outstanding, diluted 99,877 102,686 Diluted net (loss) income per common share attributable to Digital Turbine, Inc. $ (0.08) $ 0.15 Potentially dilutive outstanding securities of 4,903,410 and 1,529,761 for the three months ended June 30, 2023 and 2022, respectively, were excluded from the computation of diluted net income per share because their effect would have been anti-dilutive.

Income Taxes

Income Taxes	3 Months Ended
	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company’s effective tax rate is based on a current estimate of the annual effective income tax rate, adjusted to reflect the impact of discrete items. In accordance with ASC 740, Accounting for Income Taxes, jurisdictions forecasting losses that are not benefited due to valuation allowances are not included in the Company’s forecasted effective tax rate. During the three months ended June 30, 2023, the Company recognized a tax benefit of $1,539, resulting in an effective tax benefit rate of 15.5%. The effective tax rate differed from the U.S. federal statutory tax rate of 21% primarily due to the loss before income taxes, increase in valuation allowances and foreign income tax return-to-provision adjustments.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Hosting Agreements The Company enters into hosting agreements with service providers and in some cases, those agreements include minimum commitments that require the Company to purchase a minimum amount of service over a specified time period (“the minimum commitment period”). The minimum commitment period is generally one-year in duration and the hosting agreements include multiple minimum commitment periods. Our minimum purchase commitments under these hosting agreements total approximately $109,909 over the next four years. Legal Matters The Company may be involved in various claims, suits, assessments, investigations, and legal proceedings that arise from time to time in the ordinary course of its business. The Company accrues a liability when it is both probable a liability has been incurred and the amount of the loss can be reasonably estimated. The Company reviews these accruals at least quarterly and adjusts them to reflect ongoing negotiations, settlements, rulings, advice of legal counsel, and other relevant information. To the extent new information is obtained and the Company’s views on the probable outcomes of claims, suits, assessments, investigations, or legal proceedings change, changes in the Company’s accrued liabilities would be recorded in the period such determination is made. For some matters, the amount of liability is not probable or the amount cannot be reasonably estimated and, therefore, accruals have not been made. On June 6, 2022 and July 21, 2022, stockholders of the Company filed class action complaints against the Company and certain of the Company’s officers in the Western District of Texas related to Digital Turbine, Inc.’s announcement in May 2022 that it would restate some of its financial results. The claims allege violations of certain federal securities laws. These have been consolidated into In re Digital Turbine, Inc. Securities Litigation , Case No. 1:22-cv-00550-DAE. On July 19, 2023, the Western District court granted the Company’s motion to dismiss the case. The plaintiffs have twenty one days from such date to file an amended complaint. In addition, several derivative actions have been filed against the Company and the Company’s directors, which all assert claims of breach of fiduciary duties arising out of the same facts as the securities class action. The cases are Olszanski v. Digital Turbine, Inc. , et al.; Case No. 1:22-cv-911 in federal court in the Western District of Texas (October 4, 2022); Witt v. Digital Turbine, Inc. , et al; Case 1:22-cv-01429-UNA in federal court in the District of Delaware (February 14, 2023); and Krumwiede v. Digital Turbine, Inc .; Case No. 2023-0277 in state court in the Delaware Chancery Court (March 6, 2023). The federal derivative cases have been stayed under a court order, pending a ruling on any motion to dismiss the federal class action. The Company and the individual defendants filed a motion to dismiss the Delaware Chancery case on May 11, 2023. The Company and individual defendants deny any allegations of wrongdoing and the Company plans to vigorously defend against the claims asserted in these complaints. Due to the early stages of these cases, management is unable to assess a likely outcome or potential liability at this time. On July 25, 2023, a derivative action was filed against the Company and the members of the Company’s Compensation and Human Capital Management Committee that asserts a claim of breach of fiduciary duties related to the grant of equity awards to the Company’s CEO in excess of the annual share limit set forth in the Company’s 2020 Equity Incentive Plan. The case is Robert Garfield v. Digital Turbine, Inc., et al. ; Case No. 2023-0755 in state court in the Delaware Chancery Court. The Company and individual defendants deny any allegations of wrongdoing. Due to the early stages of the case, management is unable to assess a likely outcome or potential liability at this time.

Basis of Presentation and Sum_2

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation and Consolidation The accompanying condensed consolidated financial statements are presented in accordance with accounting principles generally accepted in the United States (“GAAP”). The condensed consolidated financial statements include the accounts of the Company and its subsidiaries. The Company consolidates the financial results and reports non-controlling interests representing the economic interests held by other equity holders of subsidiaries that are not 100% owned by the Company. The calculation of non-controlling interests excludes any net income (loss) attributable directly to the Company. All intercompany balances and transactions have been eliminated in consolidation. The Company acquired the remaining minority interest shareholders’ outstanding shares in one of its subsidiaries during the three months ended June 30, 2023 for $3,751. As a result, the Company owned 100% of all its subsidiaries as of June 30, 2023. These financial statements should be read in conjunction with the Company’s audited financial statements and related notes included in its Annual Report on Form 10-K for the fiscal year ended March 31, 2023.
Consolidation	Unaudited Interim Financial Information These accompanying unaudited condensed consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial reporting. In the opinion of management, these unaudited condensed consolidated financial statements reflect all adjustments, consisting of normal recurring items, considered necessary to present fairly the Company’s financial condition, results of operations, comprehensive income, stockholders’ equity, and cash flows for the interim periods indicated. The results of operations for the three months ended June 30, 2023, are not necessarily indicative of the operating results for the full fiscal year.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of income and expenses during the reporting period. Significant estimates and assumptions reflected in the financial statements include revenue recognition, including the determination of gross versus net revenue reporting, allowance for credit losses, stock-based compensation, fair value of acquired intangible assets and goodwill, useful lives of acquired intangible assets and property and equipment, fair value of contingent earn-out considerations, incremental borrowing rates for right-of-use assets and lease liabilities, and tax valuation allowances. These estimates are based on information available as of the date of the financial statements; therefore, actual results could differ materially from management’s estimates using different assumptions or under different conditions. Management considered the potential impacts of ongoing macroeconomic uncertainty due to global events such as the conflict in Ukraine, inflation, disruptions in supply chains, recessionary concerns impacting the markets in which the Company operates, and others, on the Company’s critical and significant accounting estimates. As of

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Schedule of Segment Reporting Information	A summary of segment information follows: Three months ended June 30, 2023 ODS AGP Elimination Consolidated Net revenue $ 98,250 $ 48,959 $ (843) $ 146,366 License fees and revenue share 58,298 12,137 (843) 69,592 Segment profit $ 39,952 $ 36,822 $ — $ 76,774 Three months ended June 30, 2022 ODS AGP Elimination Consolidated Net revenue $ 118,637 $ 72,366 $ (2,370) $ 188,633 License fees and revenue share 68,450 21,287 (2,370) 87,367 Segment profit $ 50,187 $ 51,079 $ — $ 101,266
Schedule of Long-lived Assets by Geographic Areas	Long-lived assets, excluding deferred tax assets, by region follow: June 30, 2023 March 31, 2023 United States and Canada $ 26,086 $ 25,903 Europe, Middle East, and Africa 15,415 13,395 Asia Pacific and China 34 29 Consolidated property and equipment, net $ 41,535 $ 39,327
Schedule of Intangible Assets by Geographic Areas	June 30, 2023 March 31, 2023 United States and Canada $ 152,002 $ 122,377 Europe, Middle East, and Africa 206,000 252,524 Asia Pacific and China 4,539 4,731 Consolidated intangible assets, net $ 362,541 $ 379,632
Schedule of Revenue by Geographic Areas	Net revenue by geography is based on the billing addresses of the Company’s customers and a reconciliation of disaggregated revenue by segment follows: Three months ended June 30, 2023 ODS AGP Consolidated United States and Canada $ 38,941 $ 30,917 $ 69,858 Europe, Middle East, and Africa 46,022 13,552 59,574 Asia Pacific and China 12,543 4,447 16,990 Mexico, Central America, and South America 744 43 787 Elimination — — (843) Consolidated net revenue $ 98,250 $ 48,959 $ 146,366 Three months ended June 30, 2022 ODS AGP Consolidated United States and Canada $ 62,963 $ 46,238 $ 109,201 Europe, Middle East, and Africa 40,544 19,415 59,959 Asia Pacific and China 13,874 6,124 19,998 Mexico, Central America, and South America 1,256 589 1,845 Elimination — — (2,370) Consolidated net revenue $ 118,637 $ 72,366 $ 188,633

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	Changes in the carrying amount of goodwill by segment follows: ODS AGP Total Goodwill as of March 31, 2023 $ 80,176 $ 481,400 $ 561,576 Foreign currency translation — (2,930) (2,930) Goodwill as of June 30, 2023 $ 80,176 $ 478,470 $ 558,646
Components of Intangible Assets	The components of intangible assets were as follows as of the periods indicated: As of June 30, 2023 Weighted-Average Remaining Useful Life Cost Accumulated Amortization Net Customer relationships 12.02 years $ 169,131 $ (44,674) $ 124,457 Developed technology 5.04 years 146,609 (43,988) 102,621 Trade names 2.08 years 69,988 (31,710) 38,278 Publisher relationships 17.59 years 108,993 (11,808) 97,185 Total $ 494,721 $ (132,180) $ 362,541 As of March 31, 2023 Weighted-Average Remaining Useful Life Cost Accumulated Amortization Net Customer relationships 12.06 years $ 170,281 $ (39,925) $ 130,356 Developed technology 5.28 years 146,596 (38,813) 107,783 Trade names 2.33 years 69,983 (27,115) 42,868 Publisher relationships 17.83 years 109,028 (10,403) 98,625 Total $ 495,888 $ (116,256) $ 379,632
Schedule of Future Amortization Expense	Estimated amortization expense in future fiscal years is expected to be: Fiscal year 2024 $ 48,272 Fiscal year 2025 55,724 Fiscal year 2026 41,460 Fiscal year 2027 35,335 Fiscal year 2028 35,335 Thereafter 146,415 Total $ 362,541

Accounts Receivable (Tables)

Accounts Receivable (Tables)	3 Months Ended
	Jun. 30, 2023
Receivables [Abstract]
Schedule of Accounts Receivable	June 30, 2023 March 31, 2023 Billed $ 165,568 $ 136,921 Unbilled 48,638 51,474 Allowance for credit losses (10,319) (10,206) Accounts receivable, net $ 203,887 $ 178,189

Property and Equipment (Tables)

Property and Equipment (Tables)	3 Months Ended
	Jun. 30, 2023
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment	June 30, 2023 March 31, 2023 Computer-related equipment $ 3,653 $ 3,527 Developed software 70,848 63,891 Furniture and fixtures 2,020 2,103 Leasehold improvements 3,613 3,647 Property and equipment, gross 80,134 73,168 Accumulated depreciation (38,599) (33,841) Property and equipment, net $ 41,535 $ 39,327

Debt (Tables)

Debt (Tables)	3 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Schedule of Debt	The following table summarizes borrowings under the Company’s debt obligations and the associated interest rates: June 30, 2023 Balance Interest Rate Unused Line Fee Revolver (subject to variable interest rate) $ 408,134 7.13 % 0.20 % Debt obligations on the condensed consolidated balance sheets consist of the following: June 30, 2023 March 31, 2023 Revolver $ 408,134 $ 413,134 Less: Debt issuance costs (2,402) (2,612) Long-term debt, net of debt issuance costs $ 405,732 $ 410,522 Three months ended June 30, 2023 2022 Interest expense, net $ (7,114) $ (3,862) Amortization of debt issuance costs (212) (210) Unused line of credit fees and other (64) (10) Total interest expense, net $ (7,390) $ (4,082)

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
Summary of Stock Option Activity	The following table summarizes stock option activity: Number of Shares Weighted-Average Exercise Price Weighted-Average Remaining Aggregate Intrinsic Value Options outstanding as of March 31, 2023 6,950,436 $ 12.73 6.12 $ 45,689 Granted 510,085 13.62 Exercised (548,310) 3.14 Forfeited / Expired (86,946) 48.30 Options outstanding as of June 30, 2023 6,825,265 $ 13.14 5.98 $ 26,891 Exercisable as of June 30, 2023 5,225,275 $ 9.33 5.00 $ 26,798
Summary of RSU, PSU and RSA Activity	The following table summarizes RSU, PSU, and RSA activity: Number of Shares Weighted-Average Grant Date Fair Value Unvested restricted shares outstanding as of March 31, 2023 1,670,589 $ 24.96 Granted 2,646,987 13.69 Vested (483,368) 19.28 Forfeited (33,825) 17.57 Unvested restricted shares outstanding as of June 30, 2023 3,800,383 $ 17.32

Earnings per Share (Tables)

Earnings per Share (Tables)	3 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Schedule of Earnings Per Share of Common Stock	The following table sets forth the computation of basic and diluted net (loss) income per share of common stock (in thousands, except per share amounts): Three months ended June 30, 2023 2022 Net (loss) income per common share (8,399) 14,958 Less: net (loss) income attributable to non-controlling interest (220) 36 Net (loss) income attributable to Digital Turbine, Inc. $ (8,179) $ 14,922 Weighted-average common shares outstanding, basic 99,877 97,822 Basic net (loss) income per common share attributable to Digital Turbine, Inc. $ (0.08) $ 0.15 Weighted-average common shares outstanding, diluted 99,877 102,686 Diluted net (loss) income per common share attributable to Digital Turbine, Inc. $ (0.08) $ 0.15

Basis of Presentation and Sum_3

Basis of Presentation and Summary of Significant Accounting Policies (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Subsidiary or Equity Method Investee [Line Items]
Payment to acquire non-controlling interest in consolidated subsidiaries	$ 3,751	$ 0
Subsidiaries
Subsidiary or Equity Method Investee [Line Items]
Subsidiary, ownership percentage	100%

Acquisitions (Details)

Acquisitions (Details) - USD ($) $ in Thousands	Nov. 01, 2022	Jun. 30, 2023	Mar. 31, 2023
Business Acquisition [Line Items]
Goodwill		$ 558,646	$ 561,576
In App
Business Acquisition [Line Items]
Payment to acquire business	$ 2,708
Cash consideration, working capital adjustment	460
Cash consideration, held in escrow	$ 1,000
Cash consideration, held in escrow, payment term	1 year
Earn out payment, remainder of 2022	$ 250
Earn out payment, 2024	1,000
Earn out payment, 2023	1,000
Earn out payment, 2025	$ 1,000
Incremental earn-out payment, percent of revenue above target	25%
Incremental earn-out payment, revenue target percentage	150%
Current assets acquired	$ 836
Current liabilities assumed	401
Acquisition purchase price liability	2,738
Goodwill	4,957
Minimum | In App
Business Acquisition [Line Items]
Total consideration	2,250
Maximum | In App
Business Acquisition [Line Items]
Total consideration	$ 5,500

Segment Information - Additiona

Segment Information - Additional Information (Details)	3 Months Ended
	Jun. 30, 2023 segment
Segment Reporting [Abstract]
Number of operating segments	2
Number of reportable segments	2

Segment Information - Schedule

Segment Information - Schedule of Segment Reporting Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Entity Wide Revenue Major Customer [Line Items]
Net revenue	$ 146,366	$ 188,633
License fees and revenue share	69,592	87,367
Segment profit	76,774	101,266
Elimination
Entity Wide Revenue Major Customer [Line Items]
Net revenue	(843)	(2,370)
License fees and revenue share	(843)	(2,370)
Segment profit	0	0
ODS | Operating segments
Entity Wide Revenue Major Customer [Line Items]
Net revenue	98,250	118,637
License fees and revenue share	58,298	68,450
Segment profit	39,952	50,187
AGP | Operating segments
Entity Wide Revenue Major Customer [Line Items]
Net revenue	48,959	72,366
License fees and revenue share	12,137	21,287
Segment profit	$ 36,822	$ 51,079

Segment Information - Schedul_2

Segment Information - Schedule of Long-lived Assets by Geographic Areas (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Mar. 31, 2023
Entity Wide Revenue Major Customer [Line Items]
Property and equipment, net	$ 41,535	$ 39,327
Intangible assets, net	362,541	379,632
United States and Canada
Entity Wide Revenue Major Customer [Line Items]
Property and equipment, net	26,086	25,903
Intangible assets, net	152,002	122,377
Europe, Middle East, and Africa
Entity Wide Revenue Major Customer [Line Items]
Property and equipment, net	15,415	13,395
Intangible assets, net	206,000	252,524
Asia Pacific and China
Entity Wide Revenue Major Customer [Line Items]
Property and equipment, net	34	29
Intangible assets, net	$ 4,539	$ 4,731

Segment Information - Schedul_3

Segment Information - Schedule of Revenue by Geographic Areas (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Entity Wide Revenue Major Customer [Line Items]
Net revenue	$ 146,366	$ 188,633
Elimination
Entity Wide Revenue Major Customer [Line Items]
Net revenue	(843)	(2,370)
ODS | Operating segments
Entity Wide Revenue Major Customer [Line Items]
Net revenue	98,250	118,637
AGP | Operating segments
Entity Wide Revenue Major Customer [Line Items]
Net revenue	48,959	72,366
United States and Canada | Operating segments
Entity Wide Revenue Major Customer [Line Items]
Net revenue	69,858	109,201
United States and Canada | ODS | Operating segments
Entity Wide Revenue Major Customer [Line Items]
Net revenue	38,941	62,963
United States and Canada | AGP | Operating segments
Entity Wide Revenue Major Customer [Line Items]
Net revenue	30,917	46,238
Europe, Middle East, and Africa | Operating segments
Entity Wide Revenue Major Customer [Line Items]
Net revenue	59,574	59,959
Europe, Middle East, and Africa | ODS | Operating segments
Entity Wide Revenue Major Customer [Line Items]
Net revenue	46,022	40,544
Europe, Middle East, and Africa | AGP | Operating segments
Entity Wide Revenue Major Customer [Line Items]
Net revenue	13,552	19,415
Asia Pacific and China | Operating segments
Entity Wide Revenue Major Customer [Line Items]
Net revenue	16,990	19,998
Asia Pacific and China | ODS | Operating segments
Entity Wide Revenue Major Customer [Line Items]
Net revenue	12,543	13,874
Asia Pacific and China | AGP | Operating segments
Entity Wide Revenue Major Customer [Line Items]
Net revenue	4,447	6,124
Mexico, Central America, and South America | Operating segments
Entity Wide Revenue Major Customer [Line Items]
Net revenue	787	1,845
Mexico, Central America, and South America | ODS | Operating segments
Entity Wide Revenue Major Customer [Line Items]
Net revenue	744	1,256
Mexico, Central America, and South America | AGP | Operating segments
Entity Wide Revenue Major Customer [Line Items]
Net revenue	$ 43	$ 589

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Schedule of Goodwill (Details) $ in Thousands	3 Months Ended
	Jun. 30, 2023 USD ($)
Goodwill [Roll Forward]
Goodwill, beginning	$ 561,576
Foreign currency translation	(2,930)
Goodwill, ending	558,646
ODS
Goodwill [Roll Forward]
Goodwill, beginning	80,176
Foreign currency translation	0
Goodwill, ending	80,176
AGP
Goodwill [Roll Forward]
Goodwill, beginning	481,400
Foreign currency translation	(2,930)
Goodwill, ending	$ 478,470

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Components of Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Mar. 31, 2023
Finite Lived Intangible Assets [Line Items]
Cost	$ 494,721	$ 495,888
Accumulated Amortization	(132,180)	(116,256)
Net	$ 362,541	$ 379,632
Customer relationships
Finite Lived Intangible Assets [Line Items]
Weighted-Average Remaining Useful Life	12 years 7 days	12 years 21 days
Cost	$ 169,131	$ 170,281
Accumulated Amortization	(44,674)	(39,925)
Net	$ 124,457	$ 130,356
Developed technology
Finite Lived Intangible Assets [Line Items]
Weighted-Average Remaining Useful Life	5 years 14 days	5 years 3 months 10 days
Cost	$ 146,609	$ 146,596
Accumulated Amortization	(43,988)	(38,813)
Net	$ 102,621	$ 107,783
Trade names
Finite Lived Intangible Assets [Line Items]
Weighted-Average Remaining Useful Life	2 years 29 days	2 years 3 months 29 days
Cost	$ 69,988	$ 69,983
Accumulated Amortization	(31,710)	(27,115)
Net	$ 38,278	$ 42,868
Publisher relationships
Finite Lived Intangible Assets [Line Items]
Weighted-Average Remaining Useful Life	17 years 7 months 2 days	17 years 9 months 29 days
Cost	$ 108,993	$ 109,028
Accumulated Amortization	(11,808)	(10,403)
Net	$ 97,185	$ 98,625

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 16,189	$ 16,117

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets - Schedule of Future Amortization Expense (Details) $ in Thousands	Jun. 30, 2023 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Fiscal year 2024	$ 48,272
Fiscal year 2025	55,724
Fiscal year 2026	41,460
Fiscal year 2027	35,335
Fiscal year 2028	35,335
Thereafter	146,415
Total	$ 362,541

Accounts Receivable (Details)

Accounts Receivable (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Mar. 31, 2023
Receivables [Abstract]
Billed	$ 165,568		$ 136,921
Unbilled	48,638		51,474
Allowance for credit losses	(10,319)		(10,206)
Accounts receivable, net	203,887		$ 178,189
Bad debt expense	$ 739	$ 886

Property and Equipment - Schedu

Property and Equipment - Schedule of Property and Equipment (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Mar. 31, 2023
Property Plant And Equipment [Line Items]
Property and equipment, gross	$ 80,134	$ 73,168
Accumulated depreciation	(38,599)	(33,841)
Property and equipment, net	41,535	39,327
Computer-related equipment
Property Plant And Equipment [Line Items]
Property and equipment, gross	3,653	3,527
Developed software
Property Plant And Equipment [Line Items]
Property and equipment, gross	70,848	63,891
Furniture and fixtures
Property Plant And Equipment [Line Items]
Property and equipment, gross	2,020	2,103
Leasehold improvements
Property Plant And Equipment [Line Items]
Property and equipment, gross	$ 3,613	$ 3,647

Property and Equipment - Additi

Property and Equipment - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Property Plant And Equipment [Line Items]
Depreciation expense	$ 5,055	$ 3,815
Internal use assets | General and administrative
Property Plant And Equipment [Line Items]
Depreciation expense	3,299	2,615
Developed software | Other direct costs of revenue
Property Plant And Equipment [Line Items]
Depreciation expense	$ 1,756	$ 1,200

Debt - Summary of Borrowings (D

Debt - Summary of Borrowings (Details) - Revolving credit facility - Revolver - Line of credit - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2023	Mar. 31, 2023
Debt Instrument [Line Items]
Debt outstanding	$ 408,134	$ 413,134
Interest Rate	7.13%
Unused Line Fee	0.20%

Debt - Schedule of Debt (Detail

Debt - Schedule of Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Mar. 31, 2023
Debt Instrument [Line Items]
Less: Debt issuance costs	$ (2,402)	$ (2,612)
Long-term debt, net of debt issuance costs	405,732	410,522
Line of credit | Revolving credit facility | Revolver
Debt Instrument [Line Items]
Debt outstanding	$ 408,134	$ 413,134

Debt - Additional Information (

Debt - Additional Information (Details) - USD ($)		3 Months Ended
	Oct. 26, 2022	Jun. 30, 2023	Mar. 31, 2023	Dec. 29, 2021	Apr. 29, 2021	Feb. 03, 2021
Debt Instrument [Line Items]
Debt issuance costs, net		$ 2,402,000	$ 2,612,000
Line of credit | Revolver | Revolving credit facility
Debt Instrument [Line Items]
Maximum borrowing capacity				$ 600,000,000		$ 100,000,000
Maximum borrowing capacity, including accordion feature					$ 400,000,000	$ 200,000,000
Maximum borrowing capacity, accordion feature					75,000,000
Payment of debt issuance costs		4,064,000
Debt outstanding		$ 408,134,000	$ 413,134,000
Unused Line Fee		0.20%
Interest Rate		7.13%
Collateral, threshold amount to grant security interest					$ 5,000,000
Remaining borrowing capacity		$ 191,866,000
Line of credit | Revolver | SOFR | Revolving credit facility | Election two
Debt Instrument [Line Items]
Credit agreement, basis spread on variable rate		1%
Line of credit | Revolver | Federal funds rate | Revolving credit facility | Election two
Debt Instrument [Line Items]
Credit agreement, basis spread on variable rate		0.50%
Line of credit | Revolver | Minimum | Revolving credit facility
Debt Instrument [Line Items]
Unused Line Fee		0.15%
Line of credit | Revolver | Minimum | SOFR | Revolving credit facility
Debt Instrument [Line Items]
Credit agreement, basis spread on variable rate	1.50%
Line of credit | Revolver | Minimum | SOFR | Revolving credit facility | Election one
Debt Instrument [Line Items]
Credit agreement, basis spread on variable rate		1.50%
Line of credit | Revolver | Minimum | Base Rate | Revolving credit facility | Election two
Debt Instrument [Line Items]
Credit agreement, basis spread on variable rate		0.50%
Line of credit | Revolver | Maximum | Revolving credit facility
Debt Instrument [Line Items]
Unused Line Fee		0.35%
Line of credit | Revolver | Maximum | SOFR | Revolving credit facility
Debt Instrument [Line Items]
Credit agreement, basis spread on variable rate	2.25%
Line of credit | Revolver | Maximum | SOFR | Revolving credit facility | Election one
Debt Instrument [Line Items]
Credit agreement, basis spread on variable rate		2.25%
Line of credit | Revolver | Maximum | Base Rate | Revolving credit facility | Election two
Debt Instrument [Line Items]
Credit agreement, basis spread on variable rate		1.25%

Debt - Summary of Interest Expe

Debt - Summary of Interest Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Debt Disclosure [Abstract]
Interest expense, net	$ (7,114)	$ (3,862)
Amortization of debt issuance costs	(212)	(210)
Unused line of credit fees and other	(64)	(10)
Interest expense, net	$ (7,390)	$ (4,082)

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Details) - USD ($) $ in Thousands		3 Months Ended
	Sep. 15, 2020	Jun. 30, 2023	Jun. 30, 2022
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unrecognized stock base compensation expense, options		$ 23,480
Unrecognized stock base compensation expense, RSU and RSA		53,270
Stock compensation expense		$ 10,017	$ 6,244
2020 Equity Incentive Plan of Digital Turbine, Inc.
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Reserved for future issuance (in shares)	12,000,000
Term of plan	10 years
Available for issuance (in shares)		5,684,615
Stock option
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unrecognized stock base compensation expense, period of recognition		2 years 2 months 4 days
PSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting target percentage (up to)		200%
Restricted stock | Minimum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period		3 months
Restricted stock | Maximum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period		1 year
RSU, PSU, and RSA
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unrecognized stock base compensation expense, period of recognition		2 years 5 months 15 days

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	12 Months Ended
	Jun. 30, 2023	Mar. 31, 2023
Number of Shares
Options outstanding, beginning (in shares)	6,950,436
Granted (in shares)	510,085
Exercised (in shares)	(548,310)
Forfeited / Expired (in shares)	(86,946)
Options outstanding, ending (in shares)	6,825,265	6,950,436
Exercisable (in shares)	5,225,275
Weighted-Average Exercise Price (per share)
Options outstanding, beginning (in dollars per share)	$ 12.73
Granted (in dollars per share)	13.62
Exercised (in dollars per share)	3.14
Forfeited / Expired (in dollars per share)	48.30
Options outstanding, ending (in dollars per share)	13.14	$ 12.73
Exercisable (in dollars per share)	$ 9.33
Weighted-Average Remaining Contractual Life (in years)
Outstanding	5 years 11 months 23 days	6 years 1 month 13 days
Exercisable	5 years
Aggregate Intrinsic Value (in thousands)
Outstanding	$ 26,891	$ 45,689
Exercisable	$ 26,798

Stock-Based Compensation - Su_2

Stock-Based Compensation - Summary of RSU, PSU and RSA Activity (Details) - RSU, PSU, and RSA	3 Months Ended
	Jun. 30, 2023 $ / shares shares
Number of Shares
Unvested, beginning balance (in shares) | shares	1,670,589
Granted (in shares) | shares	2,646,987
Vested (in shares) | shares	(483,368)
Forfeited (in shares) | shares	(33,825)
Unvested, ending balance (in shares) | shares	3,800,383
Weighted-Average Grant Date Fair Value
Unvested, beginning balance (in dollars per share) | $ / shares	$ 24.96
Granted (in dollars per share) | $ / shares	13.69
Vested (in dollars per share) | $ / shares	19.28
Forfeited (in dollars per share) | $ / shares	17.57
Unvested ending balance (in dollars per share) | $ / shares	$ 17.32

Earnings per Share - Schedule o

Earnings per Share - Schedule of Earnings Per Share of Common Stock (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Earnings Per Share [Abstract]
Net income (loss)	$ (8,399)	$ 14,958
Less: net (loss) income attributable to non-controlling interest	(220)	36
Net (loss) income attributable to Digital Turbine, Inc.	$ (8,179)	$ 14,922
Weighted-average common shares outstanding, basic	99,877	97,822
Basic net (loss) income per common share attributable to Digital Turbine, Inc. (in dollars per share)	$ (0.08)	$ 0.15
Weighted-average common shares outstanding, diluted	99,877	102,686
Diluted net (loss) income per common share attributable to Digital Turbine, Inc. (in dollars per share)	$ (0.08)	$ 0.15

Earnings per Share - Additional

Earnings per Share - Additional Information (Details) - shares	3 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Earnings Per Share [Abstract]
Potentially dilutive outstanding securities (in shares)	4,903,410	1,529,761

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Income tax provision (benefit)	$ (1,539)	$ 5,136
Effective tax rate	15.50%	25.60%

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Thousands	3 Months Ended
	Jun. 30, 2023 USD ($)	Jul. 19, 2023 day
Subsequent event
Other Commitments [Line Items]
Number of days to file amendment complaint | day		21
Minimum
Other Commitments [Line Items]
Purchase commitment, period (minimum)	1 year
Hosting agreement
Other Commitments [Line Items]
Purchase commitment, period (minimum)	4 years
Purchase commitment | $	$ 109,909