2d  Quarter Income Totaled $140.4 Million, Representing While-over-While Enlargement of 18%

2d  Quarter GAAP Web Lack of $21.4 Million and GAAP EPS of ($0.20); 2d Quarter Non-GAAP Adjusted Web Source of revenue¹ of $16.5 Million and Non-GAAP Adjusted EPS¹ of $0.15

2d  Quarter Non-GAAP Adjusted EBITDA² Totaled $27.2 Million, Representing While-over-While Enlargement of 78%

AUSTIN, Texas, Nov. 4, 2025 /PRNewswire/ — Virtual Turbine, Inc. (Nasdaq: APPS) introduced monetary effects for the fiscal 2nd quarter ended September 30, 2025.

Contemporary Monetary Highlights:

• Fiscal 2nd quarter of 2026 earnings totaled $140.4 million, representing an building up of 18% year-over-year as in comparison to the fiscal 2nd quarter of 2025.
• GAAP web loss for the fiscal 2nd quarter of 2026 was once $21.4 million, or ($0.20) in keeping with percentage, as in comparison to GAAP web loss for the fiscal 2nd quarter of 2025 of $25.0 million, or ($0.24) in keeping with percentage. Non-GAAP adjusted web source of revenue¹ for the fiscal 2nd quarter of 2026 was once $16.5 million, or $0.15 in keeping with percentage, as in comparison to Non-GAAP adjusted web source of revenue¹ of $5.5 million, or $0.05 in keeping with percentage, within the fiscal 2nd quarter of 2025.
• Non-GAAP adjusted EBITDA² for the fiscal 2nd quarter of 2026 was once $27.2 million, representing an building up of 78% year-over-year as in comparison to Non-GAAP adjusted EBITDA² of $15.3 million within the fiscal 2nd quarter of 2025.
• Non-GAAP detached coins tide³ totaled $7.0 million within the fiscal 2nd quarter of 2026, representing an building up of $22.7 million as in comparison to Non-GAAP detached coins tide³ within the fiscal 2nd quarter of 2025.
• The Corporate introduced on September 2, 2025, the a hit of completion of its debt refinancing by the use of a fresh, 4-year $430.0 million expression mortgage credit score facility.

“Our September quarter showcased accelerating business momentum,” mentioned Invoice Stone, CEO. “We were pleased to see that the combination of strong demand for our platform and strong operational execution enabled us to deliver top- and bottom-line results that exceeded expectations. Consequently, we are once again able to increase our full-year outlook. We have high conviction that we have the right strategy to go after the half-trillion dollar market opportunity in front of us.”

Fiscal 2026 2d Quarter Monetary Effects

Overall earnings for the second one quarter of fiscal 2026 was once $140.4 million, representing year-over-year expansion of 18% as in comparison to earnings of $118.7 million for the second one quarter of fiscal 2025. Overall On Instrument Answers earnings ahead of intercompany eliminations was once $96.5 million. Overall App Enlargement Platform earnings ahead of intercompany eliminations was once $44.7 million.

GAAP web loss for the second one quarter of fiscal 2026 was once $21.4 million, or ($0.20) in keeping with percentage, as in comparison to GAAP web loss for the second one quarter of fiscal 2025 of $25.0 million, or ($0.24) in keeping with percentage.

Non-GAAP adjusted web source of revenue¹ for the second one quarter of fiscal 2026 was once $16.5 million, or $0.15 in keeping with percentage, as in comparison to Non-GAAP adjusted web source of revenue¹ of $5.5 million, or $0.05 in keeping with percentage, in the second one quarter of fiscal 2025.

Non-GAAP adjusted EBITDA² for the second one quarter of fiscal 2026 was once $27.2 million, representing year-over-year expansion of 78% as in comparison to Non-GAAP adjusted EBITDA² for the second one quarter of fiscal 2025 of $15.3 million.

Industry Outlook

In line with knowledge to be had as of November 4, 2025, the Corporate is elevating its expectancies for fiscal 12 months 2026 to please see:

• Income of between $540 million and $550 million
• Non-GAAP adjusted EBITDA² of between $100 million and $105 million

It isn’t slightly practicable to handover a industry outlook for GAAP web source of revenue since the Corporate can not slightly estimate the adjustments in stock-based repayment expense, which is at once impacted through adjustments within the Corporate’s inventory value, or alternative pieces which might be tough to are expecting with precision.

About Virtual Turbine, Inc.

Virtual Turbine empowers great cellular shopper stories and effects for the sector’s chief telcos, advertisers, and publishers. Its end-to-end platform uniquely simplifies its companions’ skills to supercharge consciousness, acquisition, and monetization – connecting them with extra shoppers, in additional techniques, throughout extra units. Virtual Turbine is headquartered in North The united states, with workplaces around the globe. For alternative knowledge seek advice from www.digitalturbine.com. 

Convention Name

Control will host a convention name and webcast these days at 4:30p.m. ET to talk about its fiscal 2026 2nd quarter monetary effects and handover operational updates at the industry. The convention name will talk about ahead steerage and alternative subject matter knowledge. The decision will also be accessed on-line by the use of the webcast hyperlink: https://app.webinar.net/rENw78MPZJe. The decision may also be accessed through dialing 888-317-6003 in the US (or 412-317-6061 from global places) and coming into get entry to code 5008199. A reside and archived webcast of the decision will also be accessed by the use of the Investor Family members division of Digital Turbine’s website. The webcast can be archived for a era of 1 12 months and is to be had by the use of the Investor Family members division of Virtual Turbine’s web site.

For the ones not able to connect the reside name, a playback can be to be had via November eleventh, 2025. The replay will also be accessed through dialing 877-344-7529 in the US or 412-317-0088 from global places, passcode 5645638.

A web-based webcast can be archived for a era of 1 12 months and is to be had by the use of the Investor Family members division of Virtual Turbine’s web site.

Worth of Non-GAAP Monetary Measures

To complement the Corporate’s consolidated monetary statements offered based on GAAP, Virtual Turbine makes use of non-GAAP measures of sure elements of monetary functionality. Those non-GAAP measures come with non-GAAP adjusted web source of revenue and profits in keeping with percentage (“EPS”), non-GAAP adjusted EBITDA, non-GAAP detached coins tide and non-GAAP improper benefit. Reconciliations to the upcoming GAAP measures of all non-GAAP measures incorporated on this press let fall will also be discovered within the tables beneath.

Non-GAAP measures are equipped to make stronger buyers’ total working out of the Corporate’s up-to-date monetary functionality, possibilities for the day and as a way to judge period-to-period comparisons. The Corporate believes that those non-GAAP measures handover significant supplemental knowledge relating to monetary functionality through apart from sure bills and advantages that will not be indicative of ordinary core industry running effects. The Corporate believes the non-GAAP measures that exclude such pieces when seen along with GAAP effects and the accompanying reconciliations make stronger the comparison of effects in opposition to prior sessions and make allowance for larger transparency of monetary effects. The Corporate believes non-GAAP measures facilitate control’s inside comparability of its monetary functionality to that of prior sessions in addition to development research for budgeting and making plans functions. The presentation of non-GAAP measures isn’t meant to be regarded as in isolation or as an alternative to, or great to, the monetary knowledge ready and offered based on GAAP.

¹Non-GAAP adjusted web source of revenue and EPS are outlined as GAAP web source of revenue and EPS adjusted to exclude the impact of please see, if any: stock-based repayment expense, amortization of intangibles, industry transformation prices, transaction-related bills, severance prices, adjustments in truthful worth of contingent attention, pledge agreement charges, impairment of approbation, tax changes, (acquire)/loss on extinguishment of debt, amortization of debt cut price, issuance prices, and unrealized (acquire)/loss on derivatives. The Corporate added (acquire)/loss on extinguishment, the amortization of debt cut price and issuance prices, and unrealized (acquire)/loss on derivatives because of their abnormal nature and affiliation with the Corporate’s particular September 2, 2025 debt refinance transaction and connected issuance of warrants. Readers are cautioned that non-GAAP adjusted web source of revenue and EPS must no longer be construed as an spare to similar GAAP web source of revenue figures enthusiastic based on U.S. GAAP as a hallmark of profitability or functionality, which is essentially the most similar measure underneath GAAP.

²Non-GAAP adjusted EBITDA is calculated as GAAP web source of revenue apart from please see coins and non-cash bills, if any: stock-based repayment expense, depreciation and amortization, web hobby source of revenue (expense), web alternative source of revenue (expense), industry transformation prices, foreign currencies transaction features (losses), source of revenue tax (receive advantages) provision, transaction-related bills, pledge agreement charges, adjustments in truthful worth of contingent attention, impairment of approbation, severance prices, (acquire)/loss on extinguishment of debt, amortization of debt cut price and issuance prices, and unrealized (acquire)/loss on derivatives. The Corporate added (acquire)/loss on extinguishment, the amortization of debt cut price, issuance prices, and unrealized (acquire)/loss on derivatives because of their abnormal nature and affiliation with the Corporate’s particular September 2, 2025 debt refinance transaction and connected issuance of warrants. Non-GAAP adjusted EBITDA margin is calculated as non-GAAP adjusted EBITDA as a share of general earnings. Readers are cautioned that non-GAAP adjusted EBITDA must no longer be construed as an spare to web source of revenue enthusiastic based on U.S. GAAP as a hallmark of functionality, which is essentially the most similar measure underneath GAAP.

³Non-GAAP detached coins tide, which is a non-GAAP monetary measure, is outlined as web coins equipped through running actions (as mentioned in our Consolidated Statements of Money Flows), apart from please see, if any: transaction-related bills, severance prices and industry transformation prices, decreased through capital expenditures. Readers are cautioned that detached coins tide must no longer be construed as an spare to web coins equipped through running actions enthusiastic based on U.S. GAAP as a hallmark of profitability, functionality or liquidity, which is essentially the most similar measure underneath GAAP.

⁴Non-GAAP improper benefit is outlined as GAAP source of revenue from operations adjusted to exclude the impact of please see, if any: product building prices, gross sales and advertising and marketing prices, normal and administrative prices, pledge agreement charges, impairment of approbation and depreciation of tool incorporated in alternative direct prices of earnings. Readers are cautioned that non-GAAP improper benefit must no longer be construed as an spare to source of revenue from operations enthusiastic based on U.S. GAAP as a hallmark of profitability or functionality, which is essentially the most similar measure underneath GAAP.

Non-GAAP adjusted EBITDA, non-GAAP adjusted web source of revenue and EPS, non-GAAP detached coins tide and non-GAAP improper benefit are impaired through control as inside measures of profitability and function. They have got been incorporated since the Corporate believes that the measures are impaired through sure buyers to evaluate the Corporate’s monetary functionality ahead of non-cash fees and likely prices that the Corporate does no longer imagine are reflective of its underlying industry.

Ahead-Taking a look Statements

This information let fall comprises “forward-looking statements” inside the which means of Division 27A of the Securities Business of 1933, as amended, and Division 21E of the Securities Alternate Business of 1934, as amended. Statements on this information let fall that aren’t statements of historic reality and that worry day effects from operations, monetary place, financial situations, product releases and any alternative remark that can be construed as a prediction of day functionality or occasions, together with monetary projections and expansion in diverse merchandise are forward-looking statements that talk best as of the era made and which contain recognized and unknown dangers, uncertainties and alternative elements which might, must a number of of those dangers uncertainties or alternative elements materialize, purpose untouched effects to fluctuate materially from the ones expressed or implied through such statements. Those elements and dangers come with:

Dangers Particular to our Industry

• Our transformation actions and aid in pressure won’t adequately drop our running prices or beef up our running margins or coins flows, might top to alternative team of workers attrition and might purpose operational disruptions.
• We’ve a historical past of web losses.
• We’ve a restricted running historical past for our up-to-date portfolio of property.
• Our operations are international in scope, and we are facing added industry, political, regulatory, prison, operational, monetary and financial dangers because of our global operations.
• Our monetary effects may just range considerably from quarter-to-quarter and are tough to are expecting.
• A good portion of our earnings is derived from a restricted choice of wi-fi carriers and shoppers.
• The danger of impairment of our approbation.
• The results of the up-to-date and any day normal downturns within the U.S. and the worldwide financial system, together with monetary marketplace disruptions.
• Our merchandise, services and products and techniques depend on tool this is extremely technical, and if it accommodates mistakes or viruses, our industry might be adversely affected.
• Our industry might contain the virtue, transmission and depot of invisible knowledge and in my view identifiable knowledge, and the failure to correctly assure such knowledge may just lead to important reputational hurt and fiscal damages.
• Our industry and popularity might be impacted through knowledge generation device screw ups and community disruptions
• Gadget safety dangers and cyber-attacks may just disrupt our inside operations or knowledge generation services and products equipped to shoppers.
• Our industry and expansion might endure if we’re not able to rent and stock key ability.
• Our company tradition has contributed to our good fortune, and if we can not uphold this tradition, shall we lose the innovation, creativity, hobby, and teamwork that we imagine give a contribution to our good fortune and our industry could also be harmed.
• If we build day acquisitions, this may require important control consideration and disrupt our industry.
• Opposed results of unfavourable tendencies affecting the monetary services and products trade, together with occasions or considerations involving liquidity, defaults, or non-performance through monetary establishments.
• Access into fresh strains of commercial, and our providing of fresh services and products, attributable to our investments might lead to publicity to fresh dangers.
• Litigation might hurt our industry.

Dangers Homogeneous to the Cellular Promoting Trade

• The cellular promoting industry is an intensely aggressive trade, and we won’t have the ability to compete effectively.
• The markets for our services and products are abruptly evolving and might diminish or revel in restricted expansion.
• Our industry depends at the persevered expansion in utilization of smartphones and alternative cellular attached units.
• Wi-fi applied sciences are converting abruptly, and we will not be a hit in operating with those fresh applied sciences.
• The complexity of and incompatibilities amongst cellular units might require us to virtue alternative sources for the improvement of our services and products.
• If wi-fi subscribers don’t proceed to virtue their cellular units to get entry to cellular content material and alternative packages, our industry expansion and day earnings could also be adversely affected.
• A shift of generation platform through wi-fi carriers and cellular instrument producers may just extend the improvement era for our choices, building up our prices, and purpose our choices to be printed then than expected.
• Untouched or perceived safety vulnerabilities in units or wi-fi networks may just adversely have an effect on our earnings.
• We could also be matter to prison legal responsibility related to offering cellular and on-line services and products.
• Dangers of society fitness problems, akin to a big epidemic or pandemic.
• Chance connected to geopolitical situations and the worldwide financial system, together with conflicts, monetary markets, inflation, international provide chain, and price lists.
• Chance connected to the geopolitical dating between the U.S. and China or adjustments in China’s financial and regulatory soil, together with contemporary tariff will increase and business tensions.

Trade Regulatory Dangers

• We’re matter to abruptly converting and more and more stringent regulations, rules and contractual necessities connected to privateness, knowledge safety, and coverage of kids.
• We’re matter to anti-corruption, import/export, executive sanction, and matching regulations, particularly connected to our global operations.
• Govt law of our advertising and marketing modes may just limit or prohibit our talent to adequately promote it and advertise our content material, services and products to be had in sure jurisdictions.
• Boundaries might negatively have an effect on our talent to virtue our web running losses, credit, and likely alternative tax attributes to offset day taxable source of revenue.
• Regulatory necessities touching on the promoting, promoting, and promotion of our services and products.

Dangers Homogeneous to Our Highbrow Quality and Doable Legal responsibility

• 3rd events might download and improperly virtue our highbrow attribute; and if this is the case, our aggressive place could also be adversely affected, in particular if we don’t, or are not able to, adequately give protection to our highbrow attribute rights
• 3rd events might sue us for highbrow attribute infringement, which might prohibit or restrict our virtue of the highbrow attribute and disrupt our industry and may just require us to pay important harm awards.
• Our platform accommodates detectable supply tool.
• Indemnity provisions in diverse promises probably divulge us to considerable legal responsibility for highbrow attribute infringement, damages brought about through sinister tool, and alternative losses.

Dangers When it comes to Our Ordinary Conserve and Capital Construction

• We’ve tie and unsecured indebtedness, which might restrict our monetary flexibility.
• To provider our debt and investmrent our alternative responsibilities and capital necessities, we can require a vital amount of money, and our talent to generate coins depends on many elements past our regulate.
• The marketplace value of our usual inventory is perhaps extremely unstable and matter to extensive fluctuations, and you’ll be not able to resell your stocks at or above the up-to-date value or the fee at which you bought your stocks.
• Chance of no longer having the ability to lift capital to develop our industry.
• Chance to buying and selling quantity of deficit of securities or trade analysts analysis protection.
• A subject matter disease in our inside regulate over monetary reporting and disclosure controls and procedures may just, if no longer remediated, lead to subject matter misstatements in our monetary statements.
• Keeping up and improvising monetary controls and being a society corporate might pressure sources.
• Anti-takeover provisions in our constitution paperwork may just build an acquisition of our corporate tougher.
• Our bylaws designate Delaware because the unique discussion board for sure disputes.
• Gross sales of our usual inventory underneath our ATM program might purpose considerable dilution to current stockholders and depress our inventory value, and the Corporate won’t have the ability to lift the overall quantity pondered underneath the ATM program.
• Alternative dangers described within the possibility elements in Merchandise 1A of our unedited Annual Document on Method 10-Okay underneath the heading “Risk Factors” and next Quarterly Stories on Method 10-Q filed with the Securities and Alternate Fee.

You must no longer park undue reliance on those forward-looking statements. The Corporate does no longer adopt to replace forward-looking statements, whether or not because of fresh knowledge, day occasions or another way, apart from as required through regulation.

Investor Family members Touch:
Brian Bartholomew
Virtual Turbine, Inc.
[email protected] 

SOURCE Virtual Turbine, Inc.