Digital Turbine Inc 2025年度报告

(Mark One) β DIGITALTURBINE,INC. (ExactNameofRegistrantasSpecifiedinItsCharter) The Nasdaq Stock Market LLC Yes Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file suchand (2)hasbeen subject to such fling requirements forthe past 90days.Yes No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedto Rule 405 of Regulation S-T (S 232.405 of this chapter) during the preceding 12 months (or for such shorter period that thewas required to submit such files).YesNo Indicateby check mark whethertheregistrant isalargeaccelerated filer,anacceleratedfiler,a non-acceleratedfiler,a smallercompany,or an emerging growth company.See definitions of"large accelerated filer,“accelerated filer""smaller reporting cand"emerging growth company" in Rule 12b-2 of the Exchange Act. Large Accelerated Filer口Non-Accelerated Filer口Emerging Growth Company Smaller Reporting Company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transitioncomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effeof its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the rpublicaccountingfirmthatpreparedorissued itsauditreport. If securitiesareregistered pursuant to Section 12(b)of the Act, indicatebycheckmark whether thefinancial statements oftherincluded inthe filing reflect thecorrectionofan errorto previously issuedfinancial statements. Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentiYes口NoThe aggregate market value of the voting and non-voting common equity held by non-affliates, computed by reference to thwhichthecommonequitywaslastsoldontheNASDAQCapitalMarketonSeptember30,2025,thelastbusinessdayoftheremost recently completed second fiscal quarter, was $674,979,264. AsofMay21,2026,theCompanyhad120,661,979sharesofits common stock,0.0001parvaluepershare,outstanding. DOCUMENTSINCORPORATEDBYREFERENCE Portions of the Company's definitive Proxy Statement for the Annual Meeting of Stockhoiders, which the registrant will fileSecurities and Exchange Commission within 120 days after the end of the fiscal year covered by this report, is incorporated byin Part Ill of this Form 10-K to the extent stated herein. DIGITALTURBINE,INC ANNUALREPORTONFORM10-KFORTHEFISCALYEAR ENDEDMarch31,2026 TABLEOFCONTENTS PART!ITEM 1.BUSINESSITEM1A.RISKFACTORSITEM 1B.UNRESOLVED STAFF COMMENTSITEM 1C.CYBERSECURITYITEM 2.PROPERTIESITEM 3.LEGALPROCEEDINGSITEM 4.MINESAFETYDISCLOSURESPART IIMARKETFORREGISTRANT'SCOMMONEQUITY.RELATEDSTOCKHOLDERMATTERSITEM5.ANDISSUERPURCHASESOFEQUITYSECURITIESITEM 6.RESERVEDMANAGEMENT'S DISCUSSIONANDANALYSIS OFFINANCIALCONDITIONAND RESULTSITEMZOFOPERATIONSITEM 7A.QUANTITATIVEANDQUALITATIVEDISCLOSURESABOUTMARKETRISKITEM 8.FINANCIALSTATEMENTSANDSUPPLEMENTARYDATACHANGESINANDDISAGREEMENTSWITHACCOUNTANTSONACCOUNTINGANDITEM9.FINANCIALDISCLOSUREITEM 9A.CONTROLSANDPROCEDURESITEM9B.OTHERINFORMATIONITEM9C.DISCLOSUREREGARDINGFOREIGNJURISDICTIONSTHATPREVENTINSPECTIONSPART IIIITEM10.DIRECTORS,EXECUTIVEOFFICERSANDCORPORATEGOVERNANCEITEM 11.EXECUTIVECOMPENSATIONITEM 12.SECURITYOWNERSHIPOFCERTAIN BENEFICIALOWNERSANDMANAGEMENTANDRELATEDSTOCKHOLDERMATTERSCERTAIN RELATIONSHIPSANDRELATEDTRANSACTIONS,ANDDIRECTORITEM 13.INDEPENDENCEITEM 14.PRINCIPALACCOUNTANT FEESAND SERVICESPART IVITEM15.EXHIBITSANDFINANCIALSTATEMENTSCHEDULESITEM 16.FORM 10-K SUMMARYSIGNATURES PART1 This Annual Report on Form 10-K ("Annual Report) contains forward-looking statements witmeaning of Section 27A of the Securities Act of 1933, as amended (the"Securities Act"), Section 21E1995, that involve substantial risks and uncertainties. Forward-looking statements, which involve assumptidescribe ourfuture plans,strategies,and expectations,are generally identifiablebyuseof the words“mayassumptions that may be incorrect, and there can be no assurance that any projections or other expeincluded inany forward-looking statements will cometopass.Ouroperations andfinancial results are suvarious risks and uncertainties, including but not limited to: those described below and in Item 1A. Risk Fathis Annual Report, which could harm our business, reputation, financial condition, and results of operaticadversely affect thetrading price of ourcommon stock. Risks Specific to our Business Wemay not achievethe expected benefits ofour transformation programand similarmeastake in the future, and our efforts may adversely affect our business.We havea historyof net losses.We have a limited operating historyfor our current portfolio ofassets.Our operations are global in scope,and we face