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Acacia Research vs Digital Turbine: revenue, profit, margins and growth compared

Acacia Research brought in $285.2M of revenue in fiscal 2025, Digital Turbine $565.3M in fiscal 2026. Revenue changed by +133.2% at Acacia Research and +15.2% at Digital Turbine on the year before, so Acacia Research grew faster. Acacia Research kept 7.6% of its revenue as net profit, Digital Turbine -6.7%.

Side by side, latest fiscal year

ACTGAPPS
Fiscal year endedFY2025 (December 31, 2025)FY2026 (March 31, 2026)
Revenue$285.2M$565.3M
Revenue growth+133.2%+15.2%
Net income$21.7M-$37.7M
Net margin7.6%-6.7%
Free cash flown/a$11.2M
Free cash flow marginn/a2.0%
Earnings per share (diluted)$0.22-$0.33
Cash$306.7M$37.7M
Debt$91.9M$361M
Price to earnings19.4n/a
Market value$416.7M$1.3B
Dividend yieldn/an/a
Rank by revenue in sector#18 of 34 · Other#14 of 34 · Other

Over the years

Revenue
ACTG FY2018: $131.5MACTG FY2019: $11.2MACTG FY2020: $29.8MACTG FY2021: $88MACTG FY2022: $59.2MACTG FY2023: $125.1MACTG FY2024: $122.3MACTG FY2025: $285.2MAPPS FY2018: $103.6MAPPS FY2019: $138.7MAPPS FY2021: $313.6MAPPS FY2022: $747.6MAPPS FY2023: $665.9MAPPS FY2024: $544.5MAPPS FY2025: $490.5MAPPS FY2026: $565.3MFY18FY19FY20FY21FY22FY23FY24FY25FY26
ACTG $285.2MAPPS $565.3M
Net income
ACTG FY2018: -$105MACTG FY2019: -$17.1MACTG FY2020: $109.2MACTG FY2021: $149.2MACTG FY2022: -$125.1MACTG FY2023: $67.1MACTG FY2024: -$36.1MACTG FY2025: $21.7MAPPS FY2018: -$6MAPPS FY2019: $13.9MAPPS FY2021: $54.9MAPPS FY2022: $35.5MAPPS FY2023: $16.7MAPPS FY2024: -$420.2MAPPS FY2025: -$92.1MAPPS FY2026: -$37.7MFY18FY19FY20FY21FY22FY23FY24FY25FY26
ACTG $21.7MAPPS -$37.7M
Net margin
ACTG FY2018: -79.9%ACTG FY2019: -152.2%ACTG FY2020: 366.8%ACTG FY2021: 169.5%ACTG FY2022: -211.2%ACTG FY2023: 53.6%ACTG FY2024: -29.5%ACTG FY2025: 7.6%APPS FY2018: -5.8%APPS FY2019: 10.0%APPS FY2021: 17.5%APPS FY2022: 4.8%APPS FY2023: 2.5%APPS FY2024: -77.2%APPS FY2025: -18.8%APPS FY2026: -6.7%FY18FY19FY20FY21FY22FY23FY24FY25FY26
ACTG 7.6%APPS -6.7%
Revenue growth
ACTG FY2019: -91.4%ACTG FY2020: +164.8%ACTG FY2021: +195.6%ACTG FY2022: -32.7%ACTG FY2023: +111.2%ACTG FY2024: -2.2%ACTG FY2025: +133.2%APPS FY2019: +33.9%APPS FY2021: +126.1%APPS FY2022: +138.4%APPS FY2023: -10.9%APPS FY2024: -18.2%APPS FY2025: -9.9%APPS FY2026: +15.2%FY19FY20FY21FY22FY23FY24FY25FY26
ACTG +133.2%APPS +15.2%
Free cash flow
ACTG FY2018: $20.8MACTG FY2019: -$2.5MACTG FY2020: -$19.8MACTG FY2021: $13.2MACTG FY2022: -$38.1MACTG FY2023: -$22.7MACTG FY2024: -$98.5MAPPS FY2024: $4.4MAPPS FY2025: -$15.6MAPPS FY2026: $11.2MFY18FY19FY20FY21FY22FY23FY24FY25FY26
ACTG -$98.5MAPPS $11.2M

Fiscal years as each company reports them; the two may end in different months.

Questions about Acacia Research and Digital Turbine

Which is bigger by revenue, Acacia Research or Digital Turbine?

Digital Turbine is bigger by revenue: $565.3M in fiscal 2026, against $285.2M for Acacia Research in fiscal 2025.

Which keeps more of its revenue as profit, Acacia Research or Digital Turbine?

Acacia Research had a net margin of 7.6% in fiscal 2025; Digital Turbine had -6.7% in fiscal 2026.

Which grew revenue faster, Acacia Research or Digital Turbine?

In their latest fiscal years revenue changed by +133.2% at Acacia Research and +15.2% at Digital Turbine.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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