XML 21 R5.htm IDEA: XBRL DOCUMENT v3.23.1
Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2021
Income Statement [Abstract]      
Net revenue [1] $ 665,920 $ 747,596 $ 313,579
Costs of revenue and operating expenses      
License fees and revenue share [1] 309,247 370,648 178,649
Other direct costs of revenue [1] 36,445 29,838 2,358
Product development [1] 56,486 52,723 20,119
Sales and marketing [1] 63,295 63,309 19,304
General and administrative [1] 154,282 138,837 33,940
Total costs of revenue and operating expenses [1] 619,755 655,355 254,370
Income from operations [1] 46,165 92,241 59,209
Interest and other income (expense), net      
Change in fair value of contingent consideration [1] 0 (41,087) (15,751)
Interest expense, net [1] (23,352) (8,495) (1,003)
Foreign exchange transaction gain (loss) [1] (1,026) 2,062 0
Loss on extinguishment of debt [1] 0 0 (452)
Other income (expense), net [1] 229 (749) (146)
Total interest and other income (expense), net [1] (24,149) (48,269) (17,352)
Income before income taxes [1] 22,016 43,972 41,857
Income tax provision (benefit) [1] 5,146 8,403 (13,027)
Net income [1],[2] 16,870 35,569 54,884
Less: net income attributable to non-controlling interest [1] 197 23 0
Net income attributable to Digital Turbine, Inc. [1] 16,673 35,546 54,884
Other comprehensive loss      
Foreign currency translation adjustment [1],[2] (2,386) (39,395) (312)
Comprehensive income (loss) [1] 14,484 (3,826) 54,572
Less: comprehensive income (loss) attributable to non-controlling interest [1] 415 (934) 0
Comprehensive income (loss) attributable to Digital Turbine, Inc. [1] $ 14,069 $ (2,892) $ 54,572
Net income (loss) per common share, basic (in dollars per share) [1] $ 0.17 $ 0.37 $ 0.62
Net income (loss) per common share, diluted (in dollars per share) [1] $ 0.16 $ 0.35 $ 0.57
Weighted-average common shares outstanding      
Basic (in shares) [1] 98,783 95,198 88,514
Diluted (in shares) [1] 101,816 102,640 96,151
[1] In the fiscal quarter ended June 30, 2021, the Company initiated two significant acquisitions. Please refer to Note 3—Acquisitions, in the accompanying consolidated financial statements.
[2] In the fiscal quarter ended June 30, 2021, the Company initiated two significant acquisitions. Please refer to Note 3—Acquisitions in the accompanying consolidated financial statements.