---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-004027"
form_type: "8-K"
ticker: "APPS"
cik: "0000317788"
company_name: "Digital Turbine, Inc."
filed_at: "2025-02-05T23:59:59+00:00"
generated_at: "2026-05-27T02:57:30.292038+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-25-004027
- form_type: 8-K
- ticker: APPS
- cik: 0000317788
- company_name: Digital Turbine, Inc.
- filed_at: 2025-02-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/317788/000162828025004027/0001628280-25-004027-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/317788/000162828025004027/apps-20250205.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-004027
- JSON: https://secwatch.observer/filing/0001628280-25-004027.json
- Plain text: https://secwatch.observer/filing/0001628280-25-004027.txt

## Key facts
- Executive change
  Stephen Lasher was appointed as Chief Financial Officer at Digital Turbine, Inc..
  - Action: appointed
  - Role: Chief Financial Officer
  source text: Effective as of February 5, 2025, Stephen Lasher was appointed Chief Financial Officer of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/317788/000162828025004027/0001628280-25-004027-index.htm
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/317788/000162828025004027/0001628280-25-004027-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.