Digital Turbine Q3 revenue $134.6M, raises FY2025 guidance; CFO Garrison departs, Lasher appointed

Digital Turbine, Inc.

2025-Q3 EPS reported -$0.71 vs consensus $0.05 ▼ miss (-1492.2%)

Revenue $134.6M, up 13% QoQ, down 6% YoY; GAAP net loss $23.1M, EPS ($0.22).
Non-GAAP adjusted EBITDA $22.0M (up 44% QoQ, down 14% YoY); adj. net income $13.7M, EPS $0.13.
CFO Barrett Garrison mutually separated; Stephen Lasher named CFO effective Feb 5, 2025.
New CFO Lasher receives $450k base salary, $75k relocation bonus, equity grants of 500k RSUs + 500k options.
Raises FY2025 outlook: revenue $485-490M, adjusted EBITDA $69-71M; Q3 free cash flow $6.4M.

item 2.02 item 5.02 item 9.01

Executive movements

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Appointed

Stephen Lasher

Chief Financial Officer

APPS · Digital Turbine, Inc.

Effective: 2025-02-05
Filed: February 5, 2025, 6:59 PM ET

Effective as of February 5, 2025, Stephen Lasher was appointed Chief Financial Officer of the Company.

Departed

Barrett Garrison

Executive Vice President and Chief Financial Officer

APPS · Digital Turbine, Inc.

Effective: 2025-02-05
Successor: Stephen Lasher
Filed: February 5, 2025, 6:59 PM ET

Effective as of February 5, 2025, Barrett Garrison, Executive Vice President and Chief Financial Officer of the Company, and the Company agreed to a mutual separation of employment.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Stephen Lasher was appointed as Chief Financial Officer at Digital Turbine, Inc..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

Effective as of February 5, 2025, Stephen Lasher was appointed Chief Financial Officer of the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Barrett Garrison departed as Executive Vice President and Chief Financial Officer at Digital Turbine, Inc..

Action: agreed to a mutual separation of employment
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

Effective as of February 5, 2025, Barrett Garrison, Executive Vice President and Chief Financial Officer of the Company, and the Company agreed to a mutual separation of employment.

View on SEC.gov

Digital Turbine, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-25-004027

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