Digital Turbine (APPS) 10-Q 6 Nov 24 2025 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Sep. 30, 2024	Nov. 01, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
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		103,725,564
Amendment Flag	false
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	Q2
Entity Central Index Key	0000317788
Current Fiscal Year End Date	--03-31

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2024	Mar. 31, 2024
Current assets
Cash and cash equivalents	$ 32,765	$ 33,605
Accounts receivable, net	191,612	191,015
Prepaid expenses	7,093	7,704
Other current assets	12,419	10,017
Total current assets	243,889	242,341
Property and equipment, net	48,159	45,782
Right-of-use assets	11,222	9,127
Intangible assets, net	285,848	313,505
Goodwill	221,059	220,072
Other non-current assets	34,309	34,713
TOTAL ASSETS	844,486	865,540
Current liabilities
Accounts payable	148,062	159,200
Accrued revenue share	29,518	33,934
Accrued compensation	7,408	7,209
Other current liabilities	38,643	35,681
Total current liabilities	223,631	236,024
Long-term debt, net of debt issuance costs	407,620	383,490
Deferred tax liabilities, net	17,460	20,424
Other non-current liabilities	13,405	11,670
Total liabilities	662,116	651,608
Commitments and contingencies (Note 14)
Stockholders’ equity
Preferred stock	100	100
Common stock	10	10
Additional paid-in capital	875,827	858,191
Treasury stock (758,125 shares at September 30, 2024, and March 31, 2024)	(71)	(71)
Accumulated other comprehensive loss	(48,011)	(48,955)
Accumulated deficit	(645,485)	(595,343)
Total stockholders’ equity	182,370	213,932
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 844,486	$ 865,540

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2024	Mar. 31, 2024
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 (in shares)	2,000,000	2,000,000
Series A convertible preferred stock, shares issued (in shares)	100,000	100,000
Series A convertible preferred stock, shares outstanding (in shares)	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 (in shares)	200,000,000	200,000,000
Common stock, shares issued (in shares)	104,279,577	102,877,057
Common stock, shares outstanding (in shares)	103,521,452	102,118,932
Treasury stock (in shares)	758,125	758,125

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income (Unaudited) - USD ($) shares in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Statement [Abstract]
Net revenue	$ 118,728,000	$ 143,259,000	$ 236,717,000	$ 289,625,000
Costs of revenue and operating expenses
Revenue share	56,336,000	68,719,000	112,145,000	138,311,000
Other direct costs of revenue	8,438,000	9,017,000	16,228,000	18,630,000
Product development	9,433,000	14,037,000	20,147,000	29,837,000
Sales and marketing	15,887,000	15,537,000	32,134,000	31,114,000
General and administrative	42,176,000	41,385,000	85,693,000	81,884,000
Impairment of goodwill	0	147,181,000	0	147,181,000
Total costs of revenue and operating expenses	132,270,000	295,876,000	266,347,000	446,957,000
Loss from operations	(13,542,000)	(152,617,000)	(29,630,000)	(157,332,000)
Interest and other income (expense), net
Change in fair value of contingent consideration	200,000	372,000	200,000	372,000
Interest expense, net	(9,232,000)	(7,844,000)	(17,482,000)	(15,234,000)
Foreign exchange transaction loss	(976,000)	(2,106,000)	(158,000)	(183,000)
Other income (expense), net	(36,000)	0	78,000	244,000
Total interest and other income (expense), net	(10,044,000)	(9,578,000)	(17,362,000)	(14,801,000)
Loss before income taxes	(23,586,000)	(162,195,000)	(46,992,000)	(172,133,000)
Income tax provision (benefit)	1,400,000	(713,000)	3,150,000	(2,252,000)
Net loss	(24,986,000)	(161,482,000)	(50,142,000)	(169,881,000)
Less: net loss attributable to non-controlling interest	0	0	0	(220,000)
Net loss attributable to Digital Turbine, Inc.	(24,986,000)	(161,482,000)	(50,142,000)	(169,661,000)
Other comprehensive income (loss)
Foreign currency translation gain (loss)	2,157,000	(1,287,000)	944,000	(7,394,000)
Comprehensive loss	(22,829,000)	(162,769,000)	(49,198,000)	(177,275,000)
Less: comprehensive income attributable to non-controlling interest	0	0	0	519,000
Comprehensive loss attributable to Digital Turbine, Inc.	$ (22,829,000)	$ (162,769,000)	$ (49,198,000)	$ (177,794,000)
Net loss per common share
Basic (in dollars per share)	$ (0.24)	$ (1.61)	$ (0.49)	$ (1.69)
Diluted (in dollars per share)	$ (0.24)	$ (1.61)	$ (0.49)	$ (1.69)
Weighted-average common shares outstanding
Basic (in shares)	103,041	100,604	102,722	100,272
Diluted (in shares)	103,041	100,604	102,722	100,272

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities
Net (loss) income	$ (50,142,000)	$ (169,881,000)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization	40,171,000	41,926,000
Non-cash interest expense	757,000	424,000
Allowance for credit losses	1,298,000	1,227,000
Stock-based compensation expense	17,167,000	19,033,000
Foreign exchange transaction loss	158,000	183,000
Change in fair value of contingent consideration	(200,000)	(372,000)
Right-of-use asset	(1,883,000)	1,817,000
Impairment of goodwill	0	147,181,000
(Increase) decrease in assets:
Accounts receivable, gross	(1,933,000)	(16,637,000)
Prepaid expenses	652,000	252,000
Other current assets	(1,851,000)	(3,387,000)
Other non-current assets	418,000	(3,799,000)
Increase (decrease) in liabilities:
Accounts payable	(11,377,000)	20,283,000
Accrued revenue share	(4,531,000)	(14,373,000)
Accrued compensation	135,000	(2,698,000)
Other current liabilities	2,698,000	19,751,000
Deferred income taxes	(3,109,000)	(10,732,000)
Other non-current liabilities	1,501,000	(1,426,000)
Net cash provided by (used in) operating activities	(10,071,000)	28,772,000
Cash flows from investing activities
Capital expenditures	(13,408,000)	(14,277,000)
Net cash used in investing activities	(13,408,000)	(14,277,000)
Cash flows from financing activities
Proceeds from borrowings	38,000,000	17,000,000
Payment of debt issuance costs	(1,561,000)	0
Repayment of debt obligations	(13,000,000)	(44,136,000)
Acquisition of non-controlling interest in consolidated subsidiaries	0	(3,751,000)
Payment of withholding taxes for net share settlement of equity awards	(160,000)	(1,037,000)
Options exercised	93,000	2,729,000
Net cash provided by (used in) financing activities	23,372,000	(29,195,000)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	(733,000)	(2,209,000)
Net change in cash, cash equivalents, and restricted cash	(840,000)	(16,909,000)
Cash, cash equivalents, and restricted cash, beginning of period	33,605,000	75,558,000
Cash, cash equivalents, and restricted cash, end of period	32,765,000	58,649,000
Reconciliation of cash, cash equivalents, and restricted cash
Cash and cash equivalents	32,081,000	58,138,000
Restricted cash	684,000	511,000
Total cash, cash equivalents and restricted cash	32,765,000	58,649,000
Supplemental disclosure of cash flow information
Interest paid	18,578,000	15,582,000
Income taxes paid	703,000	444,000
Supplemental disclosure of non-cash activities
Assets acquired not yet paid	461,000	425,000
Right-of-use assets acquired under operating leases	3,519,000	353,000
Fair value of unpaid contingent consideration in connection with business acquisitions	$ 1,215,000	$ 2,366,000

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, 2023		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
Beginning balance, treasury (in shares) at Mar. 31, 2023				758,125
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	(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)		378,507
Exercise of stock options	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
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
Ending balance, treasury (in shares) at Jun. 30, 2023				758,125
Beginning balance, common (in shares) at Mar. 31, 2023		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
Beginning balance, treasury (in shares) at Mar. 31, 2023				758,125
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	(169,881)
Foreign currency translation	(7,394)
Ending balance, common (in shares) at Sep. 30, 2023		101,089,146
Ending balance at Sep. 30, 2023	447,862	$ 10	$ 100	$ (71)	842,677	(50,078)	(344,776)	0
Ending balance, preferred (in shares) at Sep. 30, 2023			100,000
Ending balance, treasury (in shares) at Sep. 30, 2023				758,125
Beginning balance, common (in shares) at Jun. 30, 2023		100,286,657
Beginning balance at Jun. 30, 2023	598,815	$ 10	$ 100	$ (71)	830,861	(48,791)	(183,294)	0
Beginning balance, preferred (in shares) at Jun. 30, 2023			100,000
Beginning balance, treasury (in shares) at Jun. 30, 2023				758,125
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	(161,482)						(161,482)
Foreign currency translation	(1,287)					(1,287)
Stock-based compensation expense	9,924				9,924
Shares issued:
Exercise of stock options (in shares)		575,599
Exercise of stock options	1,998				1,998
Issuance of restricted shares and vesting of restricted units (in shares)		226,890
Payment of withholding taxes related to the net share settlement of equity awards	(106)				(106)
Ending balance, common (in shares) at Sep. 30, 2023		101,089,146
Ending balance at Sep. 30, 2023	$ 447,862	$ 10	$ 100	$ (71)	842,677	(50,078)	(344,776)	$ 0
Ending balance, preferred (in shares) at Sep. 30, 2023			100,000
Ending balance, treasury (in shares) at Sep. 30, 2023				758,125
Beginning balance, common (in shares) at Mar. 31, 2024	102,118,932	102,118,932
Beginning balance at Mar. 31, 2024	$ 213,932	$ 10	$ 100	$ (71)	858,191	(48,955)	(595,343)
Beginning balance, preferred (in shares) at Mar. 31, 2024	100,000		100,000
Beginning balance, treasury (in shares) at Mar. 31, 2024	758,125			758,125
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	$ (25,156)						(25,156)
Foreign currency translation	(1,213)					(1,213)
Stock-based compensation expense	8,424				8,424
Shares issued:
Exercise of stock options (in shares)		8,599
Exercise of stock options	14				14
Issuance of restricted shares and vesting of restricted units (in shares)		390,752
Payment of withholding taxes related to the net share settlement of equity awards	(48)				(48)
Ending balance, common (in shares) at Jun. 30, 2024		102,518,283
Ending balance at Jun. 30, 2024	$ 195,953	$ 10	$ 100	$ (71)	866,581	(50,168)	(620,499)
Ending balance, preferred (in shares) at Jun. 30, 2024			100,000
Ending balance, treasury (in shares) at Jun. 30, 2024				758,125
Beginning balance, common (in shares) at Mar. 31, 2024	102,118,932	102,118,932
Beginning balance at Mar. 31, 2024	$ 213,932	$ 10	$ 100	$ (71)	858,191	(48,955)	(595,343)
Beginning balance, preferred (in shares) at Mar. 31, 2024	100,000		100,000
Beginning balance, treasury (in shares) at Mar. 31, 2024	758,125			758,125
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	$ (50,142)
Foreign currency translation	$ 944
Shares issued:
Exercise of stock options (in shares)	10,312
Ending balance, common (in shares) at Sep. 30, 2024	103,521,452	103,521,452
Ending balance at Sep. 30, 2024	$ 182,370	$ 10	$ 100	$ (71)	875,827	(48,011)	(645,485)
Ending balance, preferred (in shares) at Sep. 30, 2024	100,000		100,000
Ending balance, treasury (in shares) at Sep. 30, 2024	758,125			758,125
Beginning balance, common (in shares) at Jun. 30, 2024		102,518,283
Beginning balance at Jun. 30, 2024	$ 195,953	$ 10	$ 100	$ (71)	866,581	(50,168)	(620,499)
Beginning balance, preferred (in shares) at Jun. 30, 2024			100,000
Beginning balance, treasury (in shares) at Jun. 30, 2024				758,125
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	(24,986)						(24,986)
Foreign currency translation	2,157					2,157
Stock-based compensation expense	9,279				9,279
Shares issued:
Exercise of stock options (in shares)		1,667
Exercise of stock options	79				79
Issuance of restricted shares and vesting of restricted units (in shares)		1,001,502
Payment of withholding taxes related to the net share settlement of equity awards	$ (112)				(112)
Ending balance, common (in shares) at Sep. 30, 2024	103,521,452	103,521,452
Ending balance at Sep. 30, 2024	$ 182,370	$ 10	$ 100	$ (71)	$ 875,827	$ (48,011)	$ (645,485)
Ending balance, preferred (in shares) at Sep. 30, 2024	100,000		100,000
Ending balance, treasury (in shares) at Sep. 30, 2024	758,125			758,125

Description of Business

Description of Business	6 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business	Description of Business Digital 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	6 Months Ended
	Sep. 30, 2024
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 September 30, 2024. 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, 2024. 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 and six months ended September 30, 2024, 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 conflicts in Ukraine and Israel, 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, 2024.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Sep. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Equity securities without readily determinable fair values Occasionally, the Company may purchase certain non-marketable equity securities for strategic reasons. During the six months ended September 30, 2024, the Company did not make any such investments. During the year ended March 31, 2024, the Company purchased non-marketable equity securities for a total of $19,094. As of September 30, 2024 and March 31, 2024, the carrying value of the Company’s investments in equity securities without readily determinable fair values totaled $27,594, and are included in “Other non-current assets” in the accompanied consolidated balance sheet. These equity securities without readily determinable fair values represent the Company’s strategic investments in alternative app stores. As the non-marketable equity securities are investments in a privately held company without a readily determinable fair value, the Company elected the measurement alternative to account for these investments. Under the measurement alternative, the carrying value of the non-marketable equity securities is adjusted based on price changes from observable transactions of identical or similar securities of the same issuer or for impairment. Any changes in carrying value are recorded within other income (loss), net in the Company's condensed consolidated statement of operations. For the six months ended September 30, 2024, there were no adjustments to the carrying value of equity securities without readily determinable fair values. Fair Value Measurements The Company uses a three-tier fair value hierarchy, which prioritizes the inputs used in the valuation methodologies in measuring fair value: Level 1. Quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2. Significant other inputs that are directly or indirectly observable in the marketplace. Level 3. Significant unobservable inputs which are supported by little or no market activity. As of September 30, 2024 and March 31, 2024, Level 1 equity securities recorded at fair value totaled $468 and $501, respectively, and are classified as other non-current assets. As of September 30, 2024 and March 31, 2024, there were no Level 2 or Level 3 equity securities recorded at fair value.

Segment Information

Segment Information	6 Months Ended
	Sep. 30, 2024
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. The Company’s CODM evaluates segment performance and makes resource allocation decisions primarily based on segment net revenue and segment profit, as shown in the segment information summary table below. The Company’s CODM does not allocate other direct costs of revenue, operating expenses, interest and other income (expense), net, or provision for income taxes to these segments for the purpose of evaluating segment performance. Additionally, the Company does not allocate assets to segments for internal reporting purposes as the CODM does not manage the Company’s segments by such metrics. A summary of segment information follows: Three months ended September 30, 2024 ODS AGP Eliminations Consolidated Net revenue $ 82,414 $ 37,346 $ (1,032) $ 118,728 Revenue share 48,951 8,417 (1,032) 56,336 Segment profit $ 33,463 $ 28,929 $ — $ 62,392 Three months ended September 30, 2023 ODS AGP Eliminations Consolidated Net revenue $ 99,060 $ 46,183 $ (1,984) $ 143,259 Revenue share 60,980 9,723 (1,984) 68,719 Segment profit $ 38,080 $ 36,460 $ — $ 74,540 Six months ended September 30, 2024 ODS AGP Eliminations Consolidated Net revenue $ 163,064 $ 75,738 $ (2,085) $ 236,717 Revenue share 98,094 16,136 (2,085) 112,145 Segment profit $ 64,970 $ 59,602 $ — $ 124,572 Six months ended September 30, 2023 ODS AGP Eliminations Consolidated Net revenue $ 197,310 $ 95,142 $ (2,827) $ 289,625 Revenue share 119,278 21,860 (2,827) 138,311 Segment profit $ 78,032 $ 73,282 $ — $ 151,314 Geographic Area Information Long-lived assets, excluding deferred tax assets, by region follow: September 30, 2024 March 31, 2024 United States and Canada $ 36,904 $ 32,899 Europe, Middle East, and Africa 11,145 12,809 Asia Pacific and China 110 74 Consolidated property and equipment, net $ 48,159 $ 45,782 September 30, 2024 March 31, 2024 United States and Canada $ 5,943 $ 4,314 Europe, Middle East, and Africa 5,155 4,598 Asia Pacific and China 124 215 Consolidated right-of-use assets $ 11,222 $ 9,127 September 30, 2024 March 31, 2024 United States and Canada $ 120,968 $ 133,381 Europe, Middle East, and Africa 160,615 175,878 Asia Pacific and China 4,265 4,246 Consolidated intangible assets, net $ 285,848 $ 313,505 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 September 30, 2024 ODS AGP Total United States and Canada $ 33,664 $ 23,064 $ 56,728 Europe, Middle East, and Africa 28,846 10,135 38,981 Asia Pacific and China 18,688 4,141 22,829 Mexico, Central America, and South America 1,216 6 1,222 Elimination — — (1,032) Consolidated net revenue $ 82,414 $ 37,346 $ 118,728 Three months ended September 30, 2023 ODS AGP Total United States and Canada $ 40,176 $ 32,256 $ 72,432 Europe, Middle East, and Africa 48,348 8,966 57,314 Asia Pacific and China 10,114 4,940 15,054 Mexico, Central America, and South America 422 21 443 Elimination — — (1,984) Consolidated net revenue $ 99,060 $ 46,183 $ 143,259 Six months ended September 30, 2024 ODS AGP Total United States and Canada $ 67,549 $ 48,146 $ 115,695 Europe, Middle East, and Africa 60,550 20,548 81,098 Asia Pacific and China 33,260 7,029 40,289 Mexico, Central America, and South America 1,705 15 1,720 Elimination — — (2,085) Consolidated net revenue $ 163,064 $ 75,738 $ 236,717 Six months ended September 30, 2023 ODS AGP Total United States and Canada $ 79,117 $ 63,173 $ 142,290 Europe, Middle East, and Africa 94,370 22,518 116,888 Asia Pacific and China 22,657 9,387 32,044 Mexico, Central America, and South America 1,166 64 1,230 Elimination — — (2,827) Consolidated net revenue $ 197,310 $ 95,142 $ 289,625

Goodwill and Intangible Assets

Goodwill and Intangible Assets	6 Months Ended
	Sep. 30, 2024
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, 2024 $ 80,176 $ 139,896 $ 220,072 Impairment of goodwill — — — Foreign currency translation $ — $ 987 $ 987 Goodwill as of September 30, 2024 $ 80,176 $ 140,883 $ 221,059 The Company evaluates goodwill for impairment at least annually or upon the occurrence of events or circumstances that indicate they would more likely than not reduce the fair value of a reporting unit below its carrying value. During the six months ended September 30, 2024, no occurrence of event or circumstance indicated they would more likely than not reduce the fair value of a reporting unit below its carrying value. As such, no impairment of goodwill was recognized during the period. During the three months ended September 30, 2023, as a result of sustained decline in the quoted market price of the Company’s common stock, increase in interest rates, and the Company’s forecasted operating trends, the Company identified interim indicators of impairment related to the goodwill assigned to the AGP reporting unit. The Company completed an interim impairment assessment of its goodwill, and as a result of this review, recorded a $147,181 non-deductible, non-cash goodwill impairment charge for the AGP reporting unit as of September 30, 2023. The Company subsequently performed its annual goodwill impairment evaluation as of March 31, 2024, noting continued trends in quoted market price, interest rates, and the Company’s forecast. The Company completed its annual impairment assessment of goodwill, and as a result, recorded an additional $189,459 non-deductible, non-cash goodwill impairment charge for a total of $336,640 to the AGP reporting unit during the twelve months ended March 31, 2024. There was no impairment of goodwill for the ODS reporting unit during the fiscal year ended March 31, 2024. Intangible Assets The components of intangible assets were as follows as of the periods indicated: As of September 30, 2024 Weighted-Average Remaining Useful Life Cost Accumulated Amortization Net Customer relationships 11.75 years $ 138,057 $ (34,778) $ 103,279 Developed technology 3.82 years 146,852 (69,961) 76,891 Trade names 0.83 years 70,072 (54,742) 15,330 Publisher relationships 16.37 years 109,265 (18,917) 90,348 Total $ 464,246 $ (178,398) $ 285,848 As of March 31, 2024 Weighted-Average Remaining Useful Life Cost Accumulated Amortization Net Customer relationships 12.04 years $ 168,349 $ (59,222) $ 109,127 Developed technology 4.31 years 146,524 (59,470) 87,054 Trade names 1.33 years 69,957 (45,470) 24,487 Publisher relationships 16.86 years 108,860 (16,023) 92,837 Total $ 493,690 $ (180,185) $ 313,505 The Company recorded amortization expense of $13,505 and $28,709, respectively, during the three and six months ended September 30, 2024, and $16,157 and $32,346, respectively, during the three and six months ended September 30, 2023, in general and administrative expenses on the condensed consolidated statements of operations and comprehensive (loss) income. Estimated amortization expense in future fiscal years is expected to be: Fiscal year 2025 $ 27,020 Fiscal year 2026 41,510 Fiscal year 2027 35,378 Fiscal year 2028 35,378 Fiscal year 2029 18,454 Thereafter 128,108 Total $ 285,848

Accounts Receivable

Accounts Receivable	6 Months Ended
	Sep. 30, 2024
Receivables [Abstract]
Accounts Receivable	Accounts Receivable September 30, 2024 March 31, 2024 Billed $ 130,195 $ 136,604 Unbilled 70,355 64,117 Allowance for credit losses (8,938) (9,706) Accounts receivable, net $ 191,612 $ 191,015 Billed accounts receivable represent amounts billed to customers for which the Company has an unconditional right to consideration. Unbilled accounts receivable represent revenue recognized but billed after period-end. All unbilled receivables as of September 30, 2024 are expected to be billed and collected (subject to the allowance for credit losses) within twelve months. The Company considers various factors, including credit risk associated with customers. To the extent any individual debtor is identified whose credit quality has deteriorated, the Company establishes allowances based on the individual risk characteristics of such customer. The Company makes concerted efforts to collect all outstanding balances due, however account balances are charged off against the allowance when management believes it is probable the receivable will not be recovered. 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. The Company considers a receivable past due when a customer has not paid by the contractually specified payment due date. Account balances are written off against the allowance for credit losses if collection efforts are unsuccessful and the receivable balance is deemed uncollectible (customer default), based on factors such as customer credit assessments as well as the length of time the amounts are past due. Changes in the allowance for credit losses on trade receivables were as follows: Three months ended September 30, Six months ended September 30, 2024 2023 2024 2023 Balance, beginning of period $ 9,215 $ 10,319 $ 9,706 $ 10,206 Provision for credit losses 1,084 488 1,298 1,227 Write-offs (1,361) (701) (2,066) (1,327) Balance, end of period $ 8,938 $ 10,106 $ 8,938 $ 10,106 The Company recorded $1,084 and $1,298 of credit loss expense during the three and six months ended September 30, 2024, respectively, and $488 and $1,227 of credit loss expense during the three and six months ended September 30, 2023, respectively, in general and administrative expenses on the condensed consolidated statements of operations and comprehensive (loss) income.

Property and Equipment

Property and Equipment	6 Months Ended
	Sep. 30, 2024
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and Equipment September 30, 2024 March 31, 2024 Computer-related equipment $ 5,676 $ 7,057 Developed software 103,319 88,258 Furniture and fixtures 2,051 2,069 Leasehold improvements 3,695 3,690 Property and equipment, gross 114,741 101,074 Accumulated depreciation (66,582) (55,292) Property and equipment, net $ 48,159 $ 45,782 Depreciation expense was $5,847 and $11,462 for the three and six months ended September 30, 2024, respectively, and $4,529 and $9,584 for the three and six months ended September 30, 2023, respectively. Depreciation expense for the three and six months ended September 30, 2024, includes $5,796 and $11,277, respectively, related to internal-use software included in general and administrative expense and $51 and $185, respectively, related to internally developed software to be sold, leased, or otherwise marketed included in other direct costs of revenue. Depreciation expense for the three and six months ended September 30, 2023, includes $3,020 and $6,319, respectively, related to internal-use software included in general and administrative expense and $1,509 and $3,265, respectively, related to internally developed software to be sold, leased, or otherwise marketed included in other direct costs of revenue. Cloud Computing Arrangements As of September 30, 2024, the net carrying value of capitalized implementation costs related to cloud computing arrangements that were incurred during the application development stage was $6,349, of which $1,233 was included in prepaid expenses and other current assets and $5,116 was included in other non-current assets. As of March 31, 2024, the net carrying value of capitalized implementation costs related to cloud computing arrangements that were incurred during the application development stage was $6,965, of which $1,239 was included in prepaid expenses and other current assets and $5,727 was included in other non-current assets. As of September 30, 2024 and 2023, amortization expenses for implementation costs of cloud-based computing arrangements were $613 and $0, respectively.

Other Current Liabilities

Other Current Liabilities	6 Months Ended
	Sep. 30, 2024
Payables and Accruals [Abstract]
Other Current Liabilities	Other Current Liabilities Other current liabilities consisted of the following: September 30, 2024 March 31, 2024 Accrued expenses $ 8,529 $ 7,376 Accrued interest 1,790 3,414 Foreign income tax payable 19,410 14,371 Other current liabilities 8,914 10,520 Total 38,643 35,681

Other Non-Current Liabilities

Other Non-Current Liabilities	6 Months Ended
	Sep. 30, 2024
Other Liabilities Disclosure [Abstract]
Other Non-Current Liabilities	Other Non-Current Liabilities Other noncurrent liabilities consisted of the following: September 30, 2024 March 31, 2024 Non-current lease liabilities $ 7,423 $ 5,746 Contingent consideration 1,215 1,015 Other long-term liabilities 4,767 4,909 Total 13,405 11,670 During the six months ended September 30, 2024, the Company reassessed the fair value of its contingent consideration based on current forecasts in association with the Company’s acquisition of In App Video Services UK LTD. (“In App”). Based on the purchase agreement, executed on November 1, 2022, consideration included 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. As a result of the Company’s assessment for the six months ended September 30, 2024, a remeasurement gain equal to the change in fair value of $200 was recorded. During fiscal year ended March 31, 2024, the Company 1) paid approximately $1,100 for the earn-out associated with the calendar year ended December 31, 2023 and 2) recognized a change in the fair value of contingent consideration of $372. Changes in the fair value of the earn-out liability subsequent to the acquisition date are recognized in the condensed consolidated statements of operations and comprehensive (loss) income.

Debt

Debt	6 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Debt	Debt The following table summarizes borrowings under the Company’s debt obligations and the associated interest rates: September 30, 2024 Balance Interest Rate Unused Line Fee Revolver (subject to variable interest rate) $ 411,000 8.34 % 0.35 % March 31, 2024 Balance Interest Rate Unused Line Fee Revolver (subject to variable interest rate) $ 386,000 7.71 % 0.35 % Debt obligations on the consolidated balance sheets consist of the following: September 30, 2024 March 31, 2024 Revolver $ 411,000 $ 386,000 Less: Debt issuance costs (3,380) (2,510) Long-term debt, net of debt issuance costs $ 407,620 $ 383,490 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 “Amended and Restated 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 Amended and Restated Credit Agreement was subsequently amended as follows: • First Amendment: Increase in the Revolver to $525,000 while retaining the $75,000 accordion feature discussed above, for a total potential revolving line of credit of $600,000 on December 29, 2021. • Second Amendment: LIBOR was replaced with the Term Secured Overnight Financing Rate (“SOFR”). As a result, borrowings under the Amended and Restated 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. • Third Amendment: On February 5, 2024, the maximum consolidated secured net leverage covenant and the minimum consolidated net interest coverage covenant were amended. In addition, it increased the limit of permitted, other investments, including equity investments and joint ventures from $20,000 in the aggregate in any fiscal year of the Company to $75,000 and increased the annual interest rate to SOFR plus between 1.50% and 2.75%, based on the Company’s consolidated secured net leverage ratio. • Fourth Amendment: On August 6, 2024, the maximum consolidated secured net leverage covenant and the minimum consolidated net interest coverage covenant were amended. Additionally, the Revolver was reduced by $100,000 to $425,000 (while retaining the $75,000 accordion feature), and the annual interest rate for the highest leverage ratio results was increased to SOFR plus between 1.00% and 3.75%, based on the Company’s consolidated leverage ratio. The Fourth Amendment also provided for payment against the outstanding Revolver balance to the extent the Company holds cash in excess of $40,000, and reduced the permitted investments threshold limit from $70,000 to $25,000. Other than the changes described above regarding the covenants in the Fourth Amendment, the amendments discussed made no other changes to the terms of the Amended and Restated 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 $6,564 for the Amended and Restated Credit Agreement, inclusive of costs incurred for the First, Second, Third and Fourth Amendments. Deferred debt issuance costs are recorded as a reduction of the carrying value of the debt on the 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 September 30, 2024, the Company had $411,000 drawn against the Amended and Restated Credit Agreement, classified as long-term debt on the consolidated balance sheets, with remaining unamortized debt issuance costs of $3,380. As of September 30, 2024, amounts outstanding under the Amended and Restated Credit Agreement accrue interest at an annual rate equal to, at the Company’s election, (i) SOFR plus between 1.50% and 3.75%, based on the Company’s consolidated secured net 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 2.75%, based on the Company’s consolidated secured leverage ratio. Additionally, the Amended and Restated 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 September 30, 2024, the interest rate was 8.34% and the unused line of credit fee was 0.35%. The Company’s payment and performance obligations under the Amended and Restated 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 September 30, 2024, the Company had $14,000 available to draw on the revolving line of credit under the Amended and Restated Credit Agreement, excluding the accordion feature, subject to the required covenants. As of September 30, 2024, the Company 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 September 30, Six months ended September 30, 2024 2023 2024 2023 Interest expense, net $ (8,722) $ (7,543) $ (16,562) $ (14,657) Amortization of debt issuance costs (456) (212) (757) (424) Unused line of credit fees and other (54) (89) (163) (153) Total interest expense, net $ (9,232) $ (7,844) $ (17,482) $ (15,234)

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Sep. 30, 2024
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. On August 27, 2024, our stockholders approved an amendment to the Company’s 2020 Plan to increase the number of shares of common stock reserved for issuance thereunder by 8,560,000 shares, from 12,000,000 shares to 20,560,000 shares and to make certain other changes. As of September 30, 2024, 7,055,643 shares of common stock were available for issuance as future awards under the 2020 Plan. Stock Options Stock options are granted with an exercise price no lower than the fair market value at the grant date. They typically encompass a vesting period of two 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, 2024 5,797,869 $ 13.26 5.39 $ 2,423 Granted 1,625,000 1.99 Exercised (10,312) 1.55 Forfeited / Expired (533,610) 20.15 Options outstanding as of September 30, 2024 6,878,947 $ 10.03 6.12 $ 4,965 Exercisable as of September 30, 2024 4,713,988 $ 11.40 4.68 $ 3,313 At September 30, 2024, total unrecognized stock-based compensation expense related to unvested stock options, net of estimated forfeitures, was $9,060, with an expected remaining weighted-average recognition period of 1.75 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 likely 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, 2024 3,919,842 $ 12.44 Granted 5,450,248 2.23 Vested (1,440,822) 6.99 Forfeited (383,083) 8.51 Unvested restricted shares outstanding as of September 30, 2024 7,546,185 $ 6.04 At September 30, 2024, total unrecognized stock-based compensation expense related to RSUs, PSUs and RSAs, net of estimated forfeitures was $30,670, with an expected remaining weighted-average recognition period of 1.60 years. Stock-Based Compensation Expense Stock-based compensation expense for the three and six months ended September 30, 2024, was $8,999 and $17,167 , respectively, and was recorded within general and administrative expenses on the condensed consolidated statements of operations and comprehensive (loss) income. Stock-based compensation expense for the three and six months ended September 30, 2023, was $9,016 and $19,033, respectively, and was recorded within general and administrative expenses on the condensed consolidated statements of operations and comprehensive (loss) income.

Earnings per Share

Earnings per Share	6 Months Ended
	Sep. 30, 2024
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 Company excludes equity instruments from the calculation of diluted earnings per share if the effect of including such instruments is antidilutive. 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 September 30, Six months ended September 30, 2024 2023 2024 2023 Net loss per common share $ (24,986) $ (161,482) $ (50,142) $ (169,881) Less: net loss attributable to non-controlling interest — — — (220) Net loss attributable to Digital Turbine, Inc. $ (24,986) $ (161,482) $ (50,142) $ (169,661) Weighted-average common shares outstanding, basic 103,041 100,604 102,722 100,272 Basic net (loss) income per common share attributable to Digital Turbine, Inc. $ (0.24) $ (1.61) $ (0.49) $ (1.69) Weighted-average common shares outstanding, diluted 103,041 100,604 102,722 100,272 Diluted net (loss) income per common share attributable to Digital Turbine, Inc. $ (0.24) $ (1.61) $ (0.49) $ (1.69) Potentially dilutive outstanding securities of 7,919,967 and 8,090,889 for the three and six months ended

Income Taxes

Income Taxes	6 Months Ended
	Sep. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company's provision for income taxes as a percentage of pre-tax earnings (“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 our forecasted effective tax rate. During the three and six months ended September 30, 2024, a tax provision expense of $1,400 and $3,150, respectively, resulted in an effective tax rate of (5.9)% and (6.7)%, respectively. Differences between the effective tax rate and the statutory tax rate primarily relate to foreign income expense and a valuation allowance on loss from operations. During the three and six months ended September 30, 2023, a tax benefit of $713 and $2,252, respectively, resulted in an effective tax rate of 0.4% and 1.3%, respectively. Differences between the effective tax rate and the statutory tax rate primarily relate to the non-deductible goodwill impairment charge, tax limitations on certain deductions and state tax benefits.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Sep. 30, 2024
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 $252,866 over the next six 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 filed an amended complaint on August 23, 2023, the Company filed a motion to dismiss the amended complaint on September 22, 2023, and briefing on the motion to dismiss is complete as of November 13, 2023. On August 22, 2024, the court granted the Company’s motion to dismiss the amended complaint with prejudice. The plaintiffs had thirty days to file a notice of appeal and did not do so. 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 were stayed pending a final, non-appealable 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. On October 24, 2024, the plaintiffs in Olszanski v. Digital Turbine, Inc., et al., Case No. 1:22-cv-911 filed a notice of dismissal. 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.

Basis of Presentation and Sum_2

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Sep. 30, 2024
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 September 30, 2024. 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, 2024.
Unaudited Interim Financial Information	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 and six months ended September 30, 2024, 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 conflicts in Ukraine and Israel, 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.

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Sep. 30, 2024
Segment Reporting [Abstract]
Schedule of Segment Reporting Information	A summary of segment information follows: Three months ended September 30, 2024 ODS AGP Eliminations Consolidated Net revenue $ 82,414 $ 37,346 $ (1,032) $ 118,728 Revenue share 48,951 8,417 (1,032) 56,336 Segment profit $ 33,463 $ 28,929 $ — $ 62,392 Three months ended September 30, 2023 ODS AGP Eliminations Consolidated Net revenue $ 99,060 $ 46,183 $ (1,984) $ 143,259 Revenue share 60,980 9,723 (1,984) 68,719 Segment profit $ 38,080 $ 36,460 $ — $ 74,540 Six months ended September 30, 2024 ODS AGP Eliminations Consolidated Net revenue $ 163,064 $ 75,738 $ (2,085) $ 236,717 Revenue share 98,094 16,136 (2,085) 112,145 Segment profit $ 64,970 $ 59,602 $ — $ 124,572 Six months ended September 30, 2023 ODS AGP Eliminations Consolidated Net revenue $ 197,310 $ 95,142 $ (2,827) $ 289,625 Revenue share 119,278 21,860 (2,827) 138,311 Segment profit $ 78,032 $ 73,282 $ — $ 151,314
Schedule of Long-lived Assets by Geographic Areas	Long-lived assets, excluding deferred tax assets, by region follow: September 30, 2024 March 31, 2024 United States and Canada $ 36,904 $ 32,899 Europe, Middle East, and Africa 11,145 12,809 Asia Pacific and China 110 74 Consolidated property and equipment, net $ 48,159 $ 45,782 September 30, 2024 March 31, 2024 United States and Canada $ 5,943 $ 4,314 Europe, Middle East, and Africa 5,155 4,598 Asia Pacific and China 124 215 Consolidated right-of-use assets $ 11,222 $ 9,127
Schedule of Intangible Assets by Geographic Areas	September 30, 2024 March 31, 2024 United States and Canada $ 120,968 $ 133,381 Europe, Middle East, and Africa 160,615 175,878 Asia Pacific and China 4,265 4,246 Consolidated intangible assets, net $ 285,848 $ 313,505
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 September 30, 2024 ODS AGP Total United States and Canada $ 33,664 $ 23,064 $ 56,728 Europe, Middle East, and Africa 28,846 10,135 38,981 Asia Pacific and China 18,688 4,141 22,829 Mexico, Central America, and South America 1,216 6 1,222 Elimination — — (1,032) Consolidated net revenue $ 82,414 $ 37,346 $ 118,728 Three months ended September 30, 2023 ODS AGP Total United States and Canada $ 40,176 $ 32,256 $ 72,432 Europe, Middle East, and Africa 48,348 8,966 57,314 Asia Pacific and China 10,114 4,940 15,054 Mexico, Central America, and South America 422 21 443 Elimination — — (1,984) Consolidated net revenue $ 99,060 $ 46,183 $ 143,259 Six months ended September 30, 2024 ODS AGP Total United States and Canada $ 67,549 $ 48,146 $ 115,695 Europe, Middle East, and Africa 60,550 20,548 81,098 Asia Pacific and China 33,260 7,029 40,289 Mexico, Central America, and South America 1,705 15 1,720 Elimination — — (2,085) Consolidated net revenue $ 163,064 $ 75,738 $ 236,717 Six months ended September 30, 2023 ODS AGP Total United States and Canada $ 79,117 $ 63,173 $ 142,290 Europe, Middle East, and Africa 94,370 22,518 116,888 Asia Pacific and China 22,657 9,387 32,044 Mexico, Central America, and South America 1,166 64 1,230 Elimination — — (2,827) Consolidated net revenue $ 197,310 $ 95,142 $ 289,625

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	6 Months Ended
	Sep. 30, 2024
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, 2024 $ 80,176 $ 139,896 $ 220,072 Impairment of goodwill — — — Foreign currency translation $ — $ 987 $ 987 Goodwill as of September 30, 2024 $ 80,176 $ 140,883 $ 221,059
Schedule of Components of Intangible Assets	The components of intangible assets were as follows as of the periods indicated: As of September 30, 2024 Weighted-Average Remaining Useful Life Cost Accumulated Amortization Net Customer relationships 11.75 years $ 138,057 $ (34,778) $ 103,279 Developed technology 3.82 years 146,852 (69,961) 76,891 Trade names 0.83 years 70,072 (54,742) 15,330 Publisher relationships 16.37 years 109,265 (18,917) 90,348 Total $ 464,246 $ (178,398) $ 285,848 As of March 31, 2024 Weighted-Average Remaining Useful Life Cost Accumulated Amortization Net Customer relationships 12.04 years $ 168,349 $ (59,222) $ 109,127 Developed technology 4.31 years 146,524 (59,470) 87,054 Trade names 1.33 years 69,957 (45,470) 24,487 Publisher relationships 16.86 years 108,860 (16,023) 92,837 Total $ 493,690 $ (180,185) $ 313,505
Schedule of Future Amortization Expense	Estimated amortization expense in future fiscal years is expected to be: Fiscal year 2025 $ 27,020 Fiscal year 2026 41,510 Fiscal year 2027 35,378 Fiscal year 2028 35,378 Fiscal year 2029 18,454 Thereafter 128,108 Total $ 285,848

Accounts Receivable (Tables)

Accounts Receivable (Tables)	6 Months Ended
	Sep. 30, 2024
Receivables [Abstract]
Schedule of Accounts Receivable	September 30, 2024 March 31, 2024 Billed $ 130,195 $ 136,604 Unbilled 70,355 64,117 Allowance for credit losses (8,938) (9,706) Accounts receivable, net $ 191,612 $ 191,015
Schedule of Allowance for Credit Loss	Changes in the allowance for credit losses on trade receivables were as follows: Three months ended September 30, Six months ended September 30, 2024 2023 2024 2023 Balance, beginning of period $ 9,215 $ 10,319 $ 9,706 $ 10,206 Provision for credit losses 1,084 488 1,298 1,227 Write-offs (1,361) (701) (2,066) (1,327) Balance, end of period $ 8,938 $ 10,106 $ 8,938 $ 10,106

Property and Equipment (Tables)

Property and Equipment (Tables)	6 Months Ended
	Sep. 30, 2024
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment	September 30, 2024 March 31, 2024 Computer-related equipment $ 5,676 $ 7,057 Developed software 103,319 88,258 Furniture and fixtures 2,051 2,069 Leasehold improvements 3,695 3,690 Property and equipment, gross 114,741 101,074 Accumulated depreciation (66,582) (55,292) Property and equipment, net $ 48,159 $ 45,782

Other Current Liabilities (Tabl

Other Current Liabilities (Tables)	6 Months Ended
	Sep. 30, 2024
Payables and Accruals [Abstract]
Schedule of Other Current Liabilities	Other current liabilities consisted of the following: September 30, 2024 March 31, 2024 Accrued expenses $ 8,529 $ 7,376 Accrued interest 1,790 3,414 Foreign income tax payable 19,410 14,371 Other current liabilities 8,914 10,520 Total 38,643 35,681

Other Non-Current Liabilities (

Other Non-Current Liabilities (Tables)	6 Months Ended
	Sep. 30, 2024
Other Liabilities Disclosure [Abstract]
Schedule of Other Noncurrent Liabilities	Other noncurrent liabilities consisted of the following: September 30, 2024 March 31, 2024 Non-current lease liabilities $ 7,423 $ 5,746 Contingent consideration 1,215 1,015 Other long-term liabilities 4,767 4,909 Total 13,405 11,670

Debt (Tables)

Debt (Tables)	6 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Schedule of Debt	The following table summarizes borrowings under the Company’s debt obligations and the associated interest rates: September 30, 2024 Balance Interest Rate Unused Line Fee Revolver (subject to variable interest rate) $ 411,000 8.34 % 0.35 % March 31, 2024 Balance Interest Rate Unused Line Fee Revolver (subject to variable interest rate) $ 386,000 7.71 % 0.35 % Debt obligations on the consolidated balance sheets consist of the following: September 30, 2024 March 31, 2024 Revolver $ 411,000 $ 386,000 Less: Debt issuance costs (3,380) (2,510) Long-term debt, net of debt issuance costs $ 407,620 $ 383,490 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 September 30, Six months ended September 30, 2024 2023 2024 2023 Interest expense, net $ (8,722) $ (7,543) $ (16,562) $ (14,657) Amortization of debt issuance costs (456) (212) (757) (424) Unused line of credit fees and other (54) (89) (163) (153) Total interest expense, net $ (9,232) $ (7,844) $ (17,482) $ (15,234)

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]
Schedule 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, 2024 5,797,869 $ 13.26 5.39 $ 2,423 Granted 1,625,000 1.99 Exercised (10,312) 1.55 Forfeited / Expired (533,610) 20.15 Options outstanding as of September 30, 2024 6,878,947 $ 10.03 6.12 $ 4,965 Exercisable as of September 30, 2024 4,713,988 $ 11.40 4.68 $ 3,313
Schedule 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, 2024 3,919,842 $ 12.44 Granted 5,450,248 2.23 Vested (1,440,822) 6.99 Forfeited (383,083) 8.51 Unvested restricted shares outstanding as of September 30, 2024 7,546,185 $ 6.04

Earnings per Share (Tables)

Earnings per Share (Tables)	6 Months Ended
	Sep. 30, 2024
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 September 30, Six months ended September 30, 2024 2023 2024 2023 Net loss per common share $ (24,986) $ (161,482) $ (50,142) $ (169,881) Less: net loss attributable to non-controlling interest — — — (220) Net loss attributable to Digital Turbine, Inc. $ (24,986) $ (161,482) $ (50,142) $ (169,661) Weighted-average common shares outstanding, basic 103,041 100,604 102,722 100,272 Basic net (loss) income per common share attributable to Digital Turbine, Inc. $ (0.24) $ (1.61) $ (0.49) $ (1.69) Weighted-average common shares outstanding, diluted 103,041 100,604 102,722 100,272 Diluted net (loss) income per common share attributable to Digital Turbine, Inc. $ (0.24) $ (1.61) $ (0.49) $ (1.69)

Basis of Presentation and Sum_3

Basis of Presentation and Summary of Significant Accounting Policies (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Subsidiary or Equity Method Investee [Line Items]
Payment to acquire non-controlling interest in consolidated subsidiaries	$ 3,751	$ 0	$ 3,751
Subsidiaries
Subsidiary or Equity Method Investee [Line Items]
Subsidiary, ownership percentage		100%

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Sep. 30, 2024	Mar. 31, 2024
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Payments to acquire equity securities without readily determinable fair value	$ 0	$ 19,094
Equity securities without readily determinable fair value, amount	27,594	27,594
Level 1 | Recurring
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of investments	468	501
Level 2 | Recurring
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of investments	0	0
Level 3 | Recurring
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of investments	$ 0	$ 0

Segment Information - Additiona

Segment Information - Additional Information (Details)	6 Months Ended
	Sep. 30, 2024 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		6 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Entity Wide Revenue Major Customer [Line Items]
Net revenue	$ 118,728	$ 143,259	$ 236,717	$ 289,625
Revenue share	56,336	68,719	112,145	138,311
Segment profit	62,392	74,540	124,572	151,314
Elimination
Entity Wide Revenue Major Customer [Line Items]
Net revenue	(1,032)	(1,984)	(2,085)	(2,827)
Revenue share	(1,032)	(1,984)	(2,085)	(2,827)
Segment profit	0	0	0	0
ODS | Operating Segments
Entity Wide Revenue Major Customer [Line Items]
Net revenue	82,414	99,060	163,064	197,310
Revenue share	48,951	60,980	98,094	119,278
Segment profit	33,463	38,080	64,970	78,032
AGP | Operating Segments
Entity Wide Revenue Major Customer [Line Items]
Net revenue	37,346	46,183	75,738	95,142
Revenue share	8,417	9,723	16,136	21,860
Segment profit	$ 28,929	$ 36,460	$ 59,602	$ 73,282

Segment Information - Schedul_2

Segment Information - Schedule of Geographic Area Information (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Mar. 31, 2024
Entity Wide Revenue Major Customer [Line Items]
Property and equipment, net	$ 48,159	$ 45,782
Right-of-use assets	11,222	9,127
Intangible assets, net	285,848	313,505
United States and Canada
Entity Wide Revenue Major Customer [Line Items]
Property and equipment, net	36,904	32,899
Right-of-use assets	5,943	4,314
Intangible assets, net	120,968	133,381
Europe, Middle East, and Africa
Entity Wide Revenue Major Customer [Line Items]
Property and equipment, net	11,145	12,809
Right-of-use assets	5,155	4,598
Intangible assets, net	160,615	175,878
Asia Pacific and China
Entity Wide Revenue Major Customer [Line Items]
Property and equipment, net	110	74
Right-of-use assets	124	215
Intangible assets, net	$ 4,265	$ 4,246

Segment Information - Schedul_3

Segment Information - Schedule of Revenue by Geographic Areas (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Entity Wide Revenue Major Customer [Line Items]
Net revenue	$ 118,728	$ 143,259	$ 236,717	$ 289,625
Elimination
Entity Wide Revenue Major Customer [Line Items]
Net revenue	(1,032)	(1,984)	(2,085)	(2,827)
ODS | Operating Segments
Entity Wide Revenue Major Customer [Line Items]
Net revenue	82,414	99,060	163,064	197,310
AGP | Operating Segments
Entity Wide Revenue Major Customer [Line Items]
Net revenue	37,346	46,183	75,738	95,142
United States and Canada | Operating Segments
Entity Wide Revenue Major Customer [Line Items]
Net revenue	56,728	72,432	115,695	142,290
United States and Canada | ODS | Operating Segments
Entity Wide Revenue Major Customer [Line Items]
Net revenue	33,664	40,176	67,549	79,117
United States and Canada | AGP | Operating Segments
Entity Wide Revenue Major Customer [Line Items]
Net revenue	23,064	32,256	48,146	63,173
Europe, Middle East, and Africa | Operating Segments
Entity Wide Revenue Major Customer [Line Items]
Net revenue	38,981	57,314	81,098	116,888
Europe, Middle East, and Africa | ODS | Operating Segments
Entity Wide Revenue Major Customer [Line Items]
Net revenue	28,846	48,348	60,550	94,370
Europe, Middle East, and Africa | AGP | Operating Segments
Entity Wide Revenue Major Customer [Line Items]
Net revenue	10,135	8,966	20,548	22,518
Asia Pacific and China | Operating Segments
Entity Wide Revenue Major Customer [Line Items]
Net revenue	22,829	15,054	40,289	32,044
Asia Pacific and China | ODS | Operating Segments
Entity Wide Revenue Major Customer [Line Items]
Net revenue	18,688	10,114	33,260	22,657
Asia Pacific and China | AGP | Operating Segments
Entity Wide Revenue Major Customer [Line Items]
Net revenue	4,141	4,940	7,029	9,387
Mexico, Central America, and South America | Operating Segments
Entity Wide Revenue Major Customer [Line Items]
Net revenue	1,222	443	1,720	1,230
Mexico, Central America, and South America | ODS | Operating Segments
Entity Wide Revenue Major Customer [Line Items]
Net revenue	1,216	422	1,705	1,166
Mexico, Central America, and South America | AGP | Operating Segments
Entity Wide Revenue Major Customer [Line Items]
Net revenue	$ 6	$ 21	$ 15	$ 64

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Schedule of Goodwill (Details) - USD ($)	3 Months Ended		6 Months Ended			12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Mar. 31, 2024
Goodwill [Roll Forward]
Goodwill, beginning			$ 220,072,000
Impairment of goodwill	$ 0	$ (147,181,000)	0		$ (147,181,000)
Foreign currency translation			987,000
Goodwill, ending	221,059,000		221,059,000	$ 220,072,000		$ 220,072,000
ODS
Goodwill [Roll Forward]
Goodwill, beginning			80,176,000
Impairment of goodwill			0			0
Foreign currency translation			0
Goodwill, ending	80,176,000		80,176,000	80,176,000		80,176,000
AGP
Goodwill [Roll Forward]
Goodwill, beginning			139,896,000
Impairment of goodwill			0	(189,459,000)	$ (147,181,000)	(336,640,000)
Foreign currency translation			987,000
Goodwill, ending	$ 140,883,000		$ 140,883,000	$ 139,896,000		$ 139,896,000

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended			12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Mar. 31, 2024
Goodwill [Line Items]
Impairment of goodwill	$ 0	$ 147,181,000	$ 0		$ 147,181,000
Amortization expense	$ 13,505,000	$ 16,157,000	28,709,000		32,346,000
AGP
Goodwill [Line Items]
Impairment of goodwill			0	$ 189,459,000	$ 147,181,000	$ 336,640,000
ODS
Goodwill [Line Items]
Impairment of goodwill			$ 0			$ 0

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Components of Intangible Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Mar. 31, 2024
Finite Lived Intangible Assets [Line Items]
Cost	$ 464,246	$ 493,690
Accumulated Amortization	(178,398)	(180,185)
Net	$ 285,848	$ 313,505
Customer relationships
Finite Lived Intangible Assets [Line Items]
Weighted average remaining useful life	11 years 9 months	12 years 14 days
Cost	$ 138,057	$ 168,349
Accumulated Amortization	(34,778)	(59,222)
Net	$ 103,279	$ 109,127
Developed technology
Finite Lived Intangible Assets [Line Items]
Weighted average remaining useful life	3 years 9 months 25 days	4 years 3 months 21 days
Cost	$ 146,852	$ 146,524
Accumulated Amortization	(69,961)	(59,470)
Net	$ 76,891	$ 87,054
Trade names
Finite Lived Intangible Assets [Line Items]
Weighted average remaining useful life	9 months 29 days	1 year 3 months 29 days
Cost	$ 70,072	$ 69,957
Accumulated Amortization	(54,742)	(45,470)
Net	$ 15,330	$ 24,487
Publisher relationships
Finite Lived Intangible Assets [Line Items]
Weighted average remaining useful life	16 years 4 months 13 days	16 years 10 months 9 days
Cost	$ 109,265	$ 108,860
Accumulated Amortization	(18,917)	(16,023)
Net	$ 90,348	$ 92,837

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets - Schedule of Future Amortization Expense (Details) $ in Thousands	Sep. 30, 2024 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Fiscal year 2025	$ 27,020
Fiscal year 2026	41,510
Fiscal year 2027	35,378
Fiscal year 2028	35,378
Fiscal year 2029	18,454
Thereafter	128,108
Total	$ 285,848

Accounts Receivable - Schedule

Accounts Receivable - Schedule of Accounts Receivable (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023
Receivables [Abstract]
Billed	$ 130,195		$ 136,604
Unbilled	70,355		64,117
Allowance for credit losses	(8,938)	$ (9,215)	(9,706)	$ (10,106)	$ (10,319)	$ (10,206)
Accounts receivable, net	$ 191,612		$ 191,015

Accounts Receivable - Schedul_2

Accounts Receivable - Schedule of Allowance for Credit Loss (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	$ 9,215	$ 10,319	$ 9,706	$ 10,206
Provision for credit losses	1,084	488	1,298	1,227
Write-offs	(1,361)	(701)	(2,066)	(1,327)
Balance, end of period	$ 8,938	$ 10,106	$ 8,938	$ 10,106

Accounts Receivable - Narrative

Accounts Receivable - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Receivables [Abstract]
Provision for credit losses	$ 1,084	$ 488	$ 1,298	$ 1,227

Property and Equipment - Schedu

Property and Equipment - Schedule of Property and Equipment (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Mar. 31, 2024
Property Plant And Equipment [Line Items]
Property and equipment, gross	$ 114,741	$ 101,074
Accumulated depreciation	(66,582)	(55,292)
Property and equipment, net	48,159	45,782
Computer-related equipment
Property Plant And Equipment [Line Items]
Property and equipment, gross	5,676	7,057
Developed software
Property Plant And Equipment [Line Items]
Property and equipment, gross	103,319	88,258
Furniture and fixtures
Property Plant And Equipment [Line Items]
Property and equipment, gross	2,051	2,069
Leasehold improvements
Property Plant And Equipment [Line Items]
Property and equipment, gross	$ 3,695	$ 3,690

Property and Equipment - Additi

Property and Equipment - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Mar. 31, 2024
Property Plant And Equipment [Line Items]
Depreciation expense	$ 5,847	$ 4,529	$ 11,462	$ 9,584
Capitalized implementation costs	6,349		6,349		$ 6,965
Capitalized implementation costs, amortization	613	0	613	0
Prepaid expenses and other current assets
Property Plant And Equipment [Line Items]
Capitalized implementation costs	1,233		1,233		1,239
Other non-current assets
Property Plant And Equipment [Line Items]
Capitalized implementation costs	5,116		5,116		$ 5,727
Internal use assets | General and administrative
Property Plant And Equipment [Line Items]
Depreciation expense	5,796	3,020	11,277	6,319
Developed software | Other direct costs of revenue
Property Plant And Equipment [Line Items]
Depreciation expense	$ 51	$ 1,509	$ 185	$ 3,265

Other Current Liabilities (Deta

Other Current Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Mar. 31, 2024
Payables and Accruals [Abstract]
Accrued expenses	$ 8,529	$ 7,376
Accrued interest	1,790	3,414
Foreign income tax payable	19,410	14,371
Other current liabilities	8,914	10,520
Total	$ 38,643	$ 35,681

Other Non-Current Liabilities -

Other Non-Current Liabilities - Schedule of Other Noncurrent Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Mar. 31, 2024
Other Liabilities Disclosure [Abstract]
Non-current lease liabilities	$ 7,423	$ 5,746
Contingent consideration	1,215	1,015
Other long-term liabilities	4,767	4,909
Total	$ 13,405	$ 11,670

Other Non-Current Liabilities_2

Other Non-Current Liabilities - Additional Information (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended		12 Months Ended
	Nov. 01, 2022	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Mar. 31, 2024
Business Acquisition [Line Items]
Change in fair value of contingent consideration		$ (200)	$ (372)	$ (200)	$ (372)
In App
Business Acquisition [Line Items]
Earn out payment, remainder of 2022	$ 250
Earn out payment, 2023	1,000
Earn out payment, 2024	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%
Change in fair value of contingent consideration				$ 200		$ 372
Earn-out liability						$ 1,100

Debt - Summary of Borrowings (D

Debt - Summary of Borrowings (Details) - Revolving Credit Facility - Revolver - Line of Credit - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Sep. 30, 2024	Mar. 31, 2024
Debt Instrument [Line Items]
Balance	$ 411,000	$ 386,000
Interest Rate	8.34%	7.71%
Unused Line Fee	0.35%	0.35%

Debt - Schedule of Debt (Detail

Debt - Schedule of Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Mar. 31, 2024
Debt Instrument [Line Items]
Less: Debt issuance costs	$ (3,380)	$ (2,510)
Long-term debt, net of debt issuance costs	407,620	383,490
Line of Credit | Revolving Credit Facility | Revolver
Debt Instrument [Line Items]
Balance	$ 411,000	$ 386,000

Debt - Additional Information (

Debt - Additional Information (Details) - USD ($)				6 Months Ended		12 Months Ended
	Aug. 06, 2024	Feb. 05, 2024	Oct. 26, 2022	Sep. 30, 2024	Sep. 30, 2023	Mar. 31, 2024	Aug. 05, 2024	Dec. 29, 2021	Apr. 29, 2021	Feb. 03, 2021
Debt Instrument [Line Items]
Payment of debt issuance costs				$ 1,561,000	$ 0
Debt issuance costs, net				3,380,000		$ 2,510,000
Revolving Credit Facility | Revolver | Line of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 425,000,000							$ 525,000,000		$ 100,000,000
Maximum borrowing capacity, including accordion feature								600,000,000	$ 400,000,000	$ 200,000,000
Maximum borrowing capacity, accordion feature	75,000,000							$ 75,000,000	75,000,000
Annual investment threshold	25,000,000	$ 75,000,000					$ 70,000,000		$ 20,000,000
Maximum borrowing capacity, increase (decrease)	(100,000,000)
Excess cash threshold	$ 40,000,000
Payment of debt issuance costs				6,564,000
Balance drawn				$ 411,000,000		$ 386,000,000
Unused line fee				0.35%		0.35%
Interest rate				8.34%		7.71%
Collateral, threshold amount to grant security interest				$ 5,000,000
Remaining borrowing capacity				$ 14,000,000
Revolving Credit Facility | Revolver | Line of Credit | Election Two | SOFR
Debt Instrument [Line Items]
Credit agreement, basis spread on variable rate				1%
Revolving Credit Facility | Revolver | Line of Credit | Election Two | Federal Funds Rate
Debt Instrument [Line Items]
Credit agreement, basis spread on variable rate				0.50%
Revolving Credit Facility | Revolver | Line of Credit | Minimum
Debt Instrument [Line Items]
Credit agreement, basis spread on variable rate	1%	1.50%	1.50%
Unused line fee				0.15%
Revolving Credit Facility | Revolver | Line of Credit | Minimum | Election One | SOFR
Debt Instrument [Line Items]
Credit agreement, basis spread on variable rate				1.50%
Revolving Credit Facility | Revolver | Line of Credit | Minimum | Election Two | Base Rate
Debt Instrument [Line Items]
Credit agreement, basis spread on variable rate				0.50%
Revolving Credit Facility | Revolver | Line of Credit | Maximum
Debt Instrument [Line Items]
Credit agreement, basis spread on variable rate	3.75%	2.75%	2.25%
Unused line fee				0.35%
Revolving Credit Facility | Revolver | Line of Credit | Maximum | Election One | SOFR
Debt Instrument [Line Items]
Credit agreement, basis spread on variable rate				3.75%
Revolving Credit Facility | Revolver | Line of Credit | Maximum | Election Two | Base Rate
Debt Instrument [Line Items]
Credit agreement, basis spread on variable rate				2.75%

Debt - Summary of Interest Expe

Debt - Summary of Interest Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Debt Disclosure [Abstract]
Interest expense, net	$ (8,722)	$ (7,543)	$ (16,562)	$ (14,657)
Amortization of debt issuance costs	(456)	(212)	(757)	(424)
Unused line of credit fees and other	(54)	(89)	(163)	(153)
Interest expense, net	$ (9,232)	$ (7,844)	$ (17,482)	$ (15,234)

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Details) - USD ($) $ in Thousands			3 Months Ended		6 Months Ended
	Aug. 27, 2024	Sep. 15, 2020	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unrecognized stock base compensation expense, options			$ 9,060		$ 9,060
Unrecognized stock base compensation expense, RSU and RSA			30,670		30,670
Stock compensation expense			$ 8,999	$ 9,016	$ 17,167	$ 19,033
Stock Option
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Plan term					10 years
Unrecognized stock base compensation expense, period of recognition					1 year 9 months
PSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting target percentage (up to)			200%		200%
RSU, PSU, and RSA
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unrecognized stock base compensation expense, period of recognition					1 year 7 months 6 days
Minimum | Stock Option
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period					2 years
Minimum | Restricted Stock
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period					3 months
Maximum | Stock Option
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period					3 years
Maximum | Restricted Stock
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period					1 year
2020 Equity Incentive Plan of Digital Turbine, Inc.
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of shares authorized for issuance	20,560,000	12,000,000
Plan term		10 years
Number of additional shares authorized	8,560,000
Number of shares available for issuance			7,055,643		7,055,643

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Stock Option Activity (Details) $ / shares in Units, $ in Thousands	6 Months Ended	12 Months Ended
	Sep. 30, 2024 USD ($) $ / shares shares	Mar. 31, 2024 USD ($) $ / shares shares
Number of Shares
Options outstanding, beginning (in shares) | shares	5,797,869
Granted (in shares) | shares	1,625,000
Exercised (in shares) | shares	(10,312)
Forfeited / Expired (in shares) | shares	(533,610)
Options outstanding, ending (in shares) | shares	6,878,947	5,797,869
Exercisable (in shares) | shares	4,713,988
Weighted-Average Exercise Price (per share)
Options outstanding, beginning (in dollars per share) | $ / shares	$ 13.26
Granted (in dollars per share) | $ / shares	1.99
Exercised (in dollars per share) | $ / shares	1.55
Forfeited / Expired (in dollars per share) | $ / shares	20.15
Options outstanding, ending (in dollars per share) | $ / shares	10.03	$ 13.26
Exercisable (in dollars per share) | $ / shares	$ 11.40
Weighted-Average Remaining Contractual Life (in years)
Outstanding	6 years 1 month 13 days	5 years 4 months 20 days
Exercisable	4 years 8 months 4 days
Aggregate Intrinsic Value (in thousands)
Outstanding | $	$ 4,965	$ 2,423
Exercisable | $	$ 3,313

Stock-Based Compensation - Su_2

Stock-Based Compensation - Summary of RSU, PSU and RSA Activity (Details) - RSU, PSU, and RSA	6 Months Ended
	Sep. 30, 2024 $ / shares shares
Number of Shares
Unvested, beginning balance (in shares) | shares	3,919,842
Granted (in shares) | shares	5,450,248
Vested (in shares) | shares	(1,440,822)
Forfeited (in shares) | shares	(383,083)
Unvested, ending balance (in shares) | shares	7,546,185
Weighted-Average Grant Date Fair Value
Unvested, beginning balance (in dollars per share) | $ / shares	$ 12.44
Granted (in dollars per share) | $ / shares	2.23
Vested (in dollars per share) | $ / shares	6.99
Forfeited (in dollars per share) | $ / shares	8.51
Unvested ending balance (in dollars per share) | $ / shares	$ 6.04

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				6 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Sep. 30, 2023	Jun. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Earnings Per Share [Abstract]
Net loss per common share	$ (24,986)	$ (25,156)	$ (161,482)	$ (8,399)	$ (50,142)	$ (169,881)
Less: net loss attributable to non-controlling interest	0		0		0	(220)
Net loss attributable to Digital Turbine, Inc.	$ (24,986)		$ (161,482)		$ (50,142)	$ (169,661)
Weighted-average common shares outstanding, basic (in shares)	103,041		100,604		102,722	100,272
Basic net (loss) income per common share attributable to Digital Turbine, Inc. (in dollars per share)	$ (0.24)		$ (1.61)		$ (0.49)	$ (1.69)
Weighted-average common shares outstanding, diluted (in shares)	103,041		100,604		102,722	100,272
Diluted net (loss) income per common share attributable to Digital Turbine, Inc. (in dollars per share)	$ (0.24)		$ (1.61)		$ (0.49)	$ (1.69)

Earnings per Share - Additional

Earnings per Share - Additional Information (Details) - shares	3 Months Ended		6 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Earnings Per Share [Abstract]
Potentially dilutive outstanding securities (in shares)	7,919,967	2,823,586	8,090,889	3,273,213

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Income tax provision (benefit)	$ 1,400	$ (713)	$ 3,150	$ (2,252)
Effective tax rate	(5.90%)	0.40%	(6.70%)	1.30%

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Thousands	6 Months Ended
	Sep. 30, 2024 USD ($)
Hosting Agreement
Other Commitments [Line Items]
Purchase commitment, period	6 years
Purchase commitment	$ 252,866
Minimum
Other Commitments [Line Items]
Purchase commitment, period	1 year