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Digital Turbine vs XCel Brands: revenue, profit, margins and growth compared

Digital Turbine brought in $565.3M of revenue in fiscal 2026, XCel Brands $4.9M in fiscal 2025. Revenue changed by +15.2% at Digital Turbine and -40.2% at XCel Brands on the year before, so Digital Turbine grew faster. Digital Turbine kept -6.7% of its revenue as net profit, XCel Brands -353.5%. Free cash flow was $11.2M at Digital Turbine and -$7M at XCel Brands.

Side by side, latest fiscal year

APPSXELB
Fiscal year endedFY2026 (March 31, 2026)FY2025 (December 31, 2025)
Revenue$565.3M$4.9M
Revenue growth+15.2%-40.2%
Net income-$37.7M-$17.5M
Net margin-6.7%-353.5%
Free cash flow$11.2M-$7M
Free cash flow margin2.0%-142.4%
Earnings per share (diluted)-$0.33-$5.08
Cash$37.7M$1.2M
Debt$361M$12.7M
Price to earningsn/an/a
Market value$1.3B$5.2M
Dividend yieldn/an/a
Rank by revenue in sector#14 of 49 · Other#43 of 49 · Other

Over the years

Revenue
APPS FY2018: $103.6MAPPS FY2019: $138.7MAPPS FY2021: $313.6MAPPS FY2022: $747.6MAPPS FY2023: $665.9MAPPS FY2024: $544.5MAPPS FY2025: $490.5MAPPS FY2026: $565.3MXELB FY2018: $35.5MXELB FY2019: $41.7MXELB FY2020: $29.4MXELB FY2021: $37.9MXELB FY2022: $25.8MXELB FY2023: $17.8MXELB FY2024: $8.3MXELB FY2025: $4.9MFY18FY19FY20FY21FY22FY23FY24FY25FY26
APPS $565.3MXELB $4.9M
Net income
APPS FY2018: -$6MAPPS FY2019: $13.9MAPPS FY2021: $54.9MAPPS FY2022: $35.5MAPPS FY2023: $16.7MAPPS FY2024: -$420.2MAPPS FY2025: -$92.1MAPPS FY2026: -$37.7MXELB FY2018: $1.1MXELB FY2019: -$3.4MXELB FY2020: -$12.9MXELB FY2021: -$12.2MXELB FY2022: -$4MXELB FY2023: -$21.1MXELB FY2024: -$22.4MXELB FY2025: -$17.5MFY18FY19FY20FY21FY22FY23FY24FY25FY26
APPS -$37.7MXELB -$17.5M
Net margin
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%XELB FY2018: 3.1%XELB FY2019: -8.2%XELB FY2020: -43.9%XELB FY2021: -32.1%XELB FY2022: -15.6%XELB FY2023: -118.6%XELB FY2024: -271.2%XELB FY2025: -353.5%FY18FY19FY20FY21FY22FY23FY24FY25FY26
APPS -6.7%XELB -353.5%
Revenue growth
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%XELB FY2019: +17.7%XELB FY2020: -29.4%XELB FY2021: +28.8%XELB FY2022: -32.0%XELB FY2023: -31.1%XELB FY2024: -53.5%XELB FY2025: -40.2%FY19FY20FY21FY22FY23FY24FY25FY26
APPS +15.2%XELB -40.2%
Free cash flow
APPS FY2024: $4.4MAPPS FY2025: -$15.6MAPPS FY2026: $11.2MXELB FY2018: $5.1MXELB FY2019: $2.4MXELB FY2020: $2.4MXELB FY2021: -$7.7MXELB FY2022: -$14.4MXELB FY2023: -$6.6MXELB FY2024: -$4.8MXELB FY2025: -$7MFY18FY19FY20FY21FY22FY23FY24FY25FY26
APPS $11.2MXELB -$7M

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

Questions about Digital Turbine and XCel Brands

Which is bigger by revenue, Digital Turbine or XCel Brands?

Digital Turbine is bigger by revenue: $565.3M in fiscal 2026, against $4.9M for XCel Brands in fiscal 2025.

Which keeps more of its revenue as profit, Digital Turbine or XCel Brands?

Digital Turbine had a net margin of -6.7% in fiscal 2026; XCel Brands had -353.5% in fiscal 2025.

Which grew revenue faster, Digital Turbine or XCel Brands?

In their latest fiscal years revenue changed by +15.2% at Digital Turbine and -40.2% at XCel Brands.

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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