Digital Turbine, Inc. Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

Earnings per Share

Earnings per Share

9 Months Ended

Dec. 31, 2025

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 December 31,				Nine months ended December 31,
	2025		2024		2025		2024
Net income (loss) per common share	$	5,107	$	(23,131)	$	(30,392)	$	(73,273)


Weighted-average common shares outstanding, basic	115,921		104,148		110,593		103,201
Basic net income / (loss) per common share	$	0.04	$	(0.22)	$	(0.27)	$	(0.71)
Weighted-average common shares outstanding, diluted	120,474		104,148		110,593		103,201
Diluted net income / (loss) per common share	$	0.03	$	(0.22)	$	(0.27)	$	(0.71)

Anti-dilutive outstanding securities of 4,126,024 for the nine months ended December 31, 2025, and 8,340,265 and 8,309,117 for the three and nine months ended December 31, 2024, respectively, were excluded from the computation of diluted net income per share because their effect would have been anti-dilutive driven by the net loss position for such periods. Dilutive securities of 4,552,472 were included for the three months ended

December 31, 2025 driven by the Company’s quarter-to-date net income position. Additionally, the unrealized gain (loss) on derivatives has been removed from the calculation of net income for the purpose of calculating diluted net income per share.