Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income (Unaudited)

v3.24.3
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