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DCF valuation

What is Digital Turbine, Inc. worth?

With the base-case assumptions below, a discounted cash flow model on Digital Turbine, Inc.'s reported free cash flow gives $0.06 per share. The share price was $11.11 on September 25, 2026, 17,241% above that value.

Inputs from the filings

Free cash flow, fiscal 2026
$11.2M
Cash
$42.9M
balance sheet of June 30, 2026
Debt
$352.9M
balance sheet of June 30, 2026
Diluted shares, fiscal 2026
112,923,000
Revenue growth per year, last 5 years
12.5%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear7.5%5.0%2.0%10.0%-$1.01-109%
Base12.5%7.5%2.5%9.0%$0.06-99%
Bull17.5%10.5%3.0%8.0%$2.19-80%

Sensitivity: base case value per share

Discount rate down the side, growth after year 10 across the top. Everything else as in the base case.

1.5%2.0%2.5%3.0%3.5%
7.0%$0.88$1.14$1.45$1.83$2.33
8.0%$0.27$0.43$0.63$0.86$1.15
9.0%-$0.18-$0.07$0.06$0.22$0.39
10.0%-$0.52-$0.44-$0.35-$0.24-$0.12
11.0%-$0.78-$0.72-$0.66-$0.59-$0.50

Where the presets come from

Base: years 1 to 5 grow at Digital Turbine, Inc.'s revenue growth rate over the last 5 fiscal years (12.5% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.

Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.

Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.

This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.

Adjust the assumptions

Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.

Adjust the assumptions

Digital Turbine, Inc. company page