Digital Turbine refinances debt at 11.7%, issues warrants, returns to operating profit

Filed May 26, 2026 · Period ending March 31, 2026 · Compared to 10-K Jun 16, 2025 · ~2 min read

Key Changes

• high

  Refinanced $411M Bank of America facility with $430M Blue Torch term loan at 11.7% (vs. 8.17% prior), issued 1.2M warrants to lenders, raised $57M via ATM to prepay $55M of debt; April 2026 amendment reduced liquidity covenant from $20M to $15M through year-end.

  Notes: Debt Refinancing verify on EDGAR →
• high

  Returned to operating profitability with $34M operating income (vs. $54M loss prior year) on 15% revenue growth and 490bp gross margin expansion; net loss improved 59% to $38M despite 68% higher interest expense ($59M vs. $34M).

  Notes: Financial Performance verify on EDGAR →
• high

  New AI risk factor covers product development, regulatory compliance (EU AI Act, Colorado AI Act, CCPA), IP risks, and potential for biased outputs; company now explicitly building AI into advertising/monetization solutions.

  Risk Factors: AI Development verify on EDGAR →