Digital Turbine Announces Successful Completion of Debt Refinancing and Updates Annual Guidance
The company has secured a new four-year credit facility following strong fiscal first quarter results and the issuance of fiscal year 2026 annual guidance that underscores the business momentum and growth outlook.
AUSTIN, Texas, Sept. 2, 2025 /PRNewswire/ -- Digital Turbine, Inc., the leading platform powering premium mobile experiences through innovative technology, today announced the successful completion of a new four-year $430 million term loan credit facility. The refinancing extends the debt maturity timeline, providing the runway to continue accelerating the company's return to growth.
The new facility has been used to fully repay the company's prior credit facility, which was set to mature in August 2026. With this multi-year runway, Digital Turbine is positioned to execute on key strategic initiatives as it advances innovation across its platform, scales operational efficiencies, and continues to drive future growth by delivering premium mobile experiences for its global partners and consumers.
"We're pleased to have secured this four-year term loan credit facility, which allows us to fully address our upcoming debt maturity and continue to focus on our business strategy with discipline," said Steve Lasher, Chief Financial Officer of Digital Turbine. "This refinancing, coupled with our improved execution and return to growth performance, allow us to continue to execute on our path forward."
Fiscal Year 2026 Guidance Update
Following the company's strong first quarter performance and encouraged by the accelerating momentum of the business, the company is raising the lower end of its annual guidance range to revenue in the range of $530 million to $535 million and Non-GAAP adjusted EBITDA in the range of $92 million to $95 million for fiscal year 2026.
Updated FY26 Guidance
Prior FY26 Guidance
Revenue
$530-535 million
$525-535 million
Non-GAAP Adjusted EBITDA*
$92-95 million
$90-95 million
It is not reasonably practicable to provide a business outlook for GAAP net income because the Company cannot reasonably estimate the changes in stock-based compensation expense, which is directly impacted by changes in the Company's stock price, or other items that are difficult to predict with precision.
*Non-GAAP Adjusted EBITDA is calculated as GAAP net income excluding the following cash and non-cash expenses: stock-based compensation expense, depreciation and amortization, net interest income (expense), net other income (expense), business transformation costs, foreign exchange transaction gains ...
