Digital Turbine conservative FY2027 EBITDA and FCF valuation

Digital Turbine Inc. (APPS)
By@hypertonx
Assumptions as of 2026-08-05
USD
Updated Aug 5, 2026 · Revised 1 time
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Digital Turbine conservative FY2027 EBITDA and FCF valuation

as of 2026-08-05

Fair value per share
$8.45
Upside / downside
-35.2%
Normalized FY2027 adjusted EBITDA ($M)
$150
Normalized levered FCF ($M)
$60
EBITDA-method enterprise value ($M)
$1,500
Blended implied equity value ($M)
$1,078
Market-implied EV/adjusted EBITDA
13.35

Capital structure

127.50M
340.00$M

Cash conversion

27.00$M
46.00$M
12.00$M
5.00$M

Market

13.04$/share
Latest APPS quote · updated Aug 11, 2026 2:00 PM MDT

Operating

150.00$M

Valuation

10.00x
8.0%

Sources

  1. Fiscal Q1 2027 revenue was $166.0 million, adjusted EBITDA was $42.5 million, GAAP operating income was $23.1 million, cash was $43.2 million, debt net of discounts and issuance costs was $352.9 million, and FY2027 guidance was raised to $650-$670 million revenue and $145-$155 million adjusted EBITDA. — ir.digitalturbine.com
  2. Fiscal 2026 interest expense was $58.6 million, principal debt was $391.2 million at March 31, 2026, the effective variable rate was 11.7%, and equity compensation included 6.6 million options and 4.9 million unvested restricted shares. — sec.gov
  3. Management described the latest quarter's demand, pricing, mobile-app advertising, AI targeting, international device growth, and debt reduction on the fiscal Q1 2027 earnings call. — ir.digitalturbine.com
  4. APPS traded at $12.72 during August 5, 2026. — nasdaq.com

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