Digital Turbine (APPS)
Market Price (2/20/2026): $4.115 | Market Cap: $477.0 MilSector: Information Technology | Industry: Application Software
Digital Turbine (APPS)
Market Price (2/20/2026): $4.115Market Cap: $477.0 MilSector: Information TechnologyIndustry: Application Software
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -34% | Weak multi-year price returns2Y Excs Rtn is -22%, 3Y Excs Rtn is -133% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 68% |
| Megatrend and thematic driversMegatrends include Social Media & Creator Economy, and Digital Advertising. Themes include Ad-Tech Platforms. | Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 10% | Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -7.6% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -15% | ||
| High stock price volatilityVol 12M is 108% | ||
| Key risksAPPS key risks include [1] significant profitability challenges and a substantial debt load, Show more. |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -34% |
| Megatrend and thematic driversMegatrends include Social Media & Creator Economy, and Digital Advertising. Themes include Ad-Tech Platforms. |
| Weak multi-year price returns2Y Excs Rtn is -22%, 3Y Excs Rtn is -133% |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 10% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 68% |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -7.6% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -15% |
| High stock price volatilityVol 12M is 108% |
| Key risksAPPS key risks include [1] significant profitability challenges and a substantial debt load, Show more. |
Qualitative Assessment
AI Analysis | Feedback
1. Persistent Challenges in On-Device Solutions (ODS) Segment and Earlier Reduced Guidance
Digital Turbine faced ongoing difficulties within its On-Device Solutions segment, characterized by decreasing domestic revenue per device and sluggish mobile handset sales. This was compounded by earlier reduced fiscal year 2025 revenue guidance, which indicated expected declines and lower gross margins, thereby contributing to a negative outlook that international growth could not fully counteract.
2. Stock Decline Despite Strong Q3 FY26 Earnings and Raised Guidance
The company's stock experienced a significant decline even after Digital Turbine reported stronger-than-expected fiscal third-quarter 2026 results and subsequently raised its full-year fiscal 2026 revenue and adjusted EBITDA guidance in early February 2026. This "sell the news" reaction suggests that while the company exceeded its own expectations and analyst estimates for the quarter, the positive news was not enough to overcome broader investor concerns or potentially higher market expectations, leading to an immediate post-earnings stock drop.
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Stock Movement Drivers
Fundamental Drivers
The -34.1% change in APPS stock from 10/31/2025 to 2/19/2026 was primarily driven by a -33.5% change in the company's P/S Multiple.| (LTM values as of) | 10312025 | 2192026 | Change |
|---|---|---|---|
| Stock Price ($) | 6.24 | 4.11 | -34.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 503 | 542 | 7.6% |
| P/S Multiple | 1.3 | 0.9 | -33.5% |
| Shares Outstanding (Mil) | 107 | 116 | -8.0% |
| Cumulative Contribution | -34.1% |
Market Drivers
10/31/2025 to 2/19/2026| Return | Correlation | |
|---|---|---|
| APPS | -34.1% | |
| Market (SPY) | 0.4% | 25.7% |
| Sector (XLK) | -6.7% | 27.7% |
Fundamental Drivers
The -24.6% change in APPS stock from 7/31/2025 to 2/19/2026 was primarily driven by a -24.9% change in the company's P/S Multiple.| (LTM values as of) | 7312025 | 2192026 | Change |
|---|---|---|---|
| Stock Price ($) | 5.45 | 4.11 | -24.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 491 | 542 | 10.5% |
| P/S Multiple | 1.2 | 0.9 | -24.9% |
| Shares Outstanding (Mil) | 105 | 116 | -9.1% |
| Cumulative Contribution | -24.6% |
Market Drivers
7/31/2025 to 2/19/2026| Return | Correlation | |
|---|---|---|
| APPS | -24.6% | |
| Market (SPY) | 8.6% | 32.3% |
| Sector (XLK) | 6.9% | 30.5% |
Fundamental Drivers
The 56.9% change in APPS stock from 1/31/2025 to 2/19/2026 was primarily driven by a 60.1% change in the company's P/S Multiple.| (LTM values as of) | 1312025 | 2192026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.62 | 4.11 | 56.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 492 | 542 | 10.2% |
| P/S Multiple | 0.5 | 0.9 | 60.1% |
| Shares Outstanding (Mil) | 103 | 116 | -11.1% |
| Cumulative Contribution | 56.9% |
Market Drivers
1/31/2025 to 2/19/2026| Return | Correlation | |
|---|---|---|
| APPS | 56.9% | |
| Market (SPY) | 14.7% | 30.9% |
| Sector (XLK) | 22.1% | 30.0% |
Fundamental Drivers
The -76.3% change in APPS stock from 1/31/2023 to 2/19/2026 was primarily driven by a -60.8% change in the company's P/S Multiple.| (LTM values as of) | 1312023 | 2192026 | Change |
|---|---|---|---|
| Stock Price ($) | 17.36 | 4.11 | -76.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 764 | 542 | -29.1% |
| P/S Multiple | 2.2 | 0.9 | -60.8% |
| Shares Outstanding (Mil) | 99 | 116 | -14.7% |
| Cumulative Contribution | -76.3% |
Market Drivers
1/31/2023 to 2/19/2026| Return | Correlation | |
|---|---|---|
| APPS | -76.3% | |
| Market (SPY) | 74.7% | 32.0% |
| Sector (XLK) | 110.5% | 26.8% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| APPS Return | 8% | -75% | -55% | -75% | 196% | -19% | -93% |
| Peers Return | 28% | -65% | 127% | 167% | 43% | -27% | 185% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 1% | 83% |
Monthly Win Rates [3] | |||||||
| APPS Win Rate | 50% | 33% | 42% | 33% | 58% | 50% | |
| Peers Win Rate | 62% | 25% | 73% | 63% | 55% | 20% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| APPS Max Drawdown | -15% | -82% | -71% | -82% | 0% | -19% | |
| Peers Max Drawdown | -24% | -70% | -6% | -18% | -34% | -30% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: APP, U, GOOGL, META, TTD.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 2/19/2026 (YTD)
How Low Can It Go
| Event | APPS | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -95.3% | -25.4% |
| % Gain to Breakeven | 2033.8% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -51.2% | -33.9% |
| % Gain to Breakeven | 104.8% | 51.3% |
| Time to Breakeven | 77 days | 148 days |
| 2018 Correction | ||
| % Loss | -52.6% | -19.8% |
| % Gain to Breakeven | 110.9% | 24.7% |
| Time to Breakeven | 143 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -95.2% | -56.8% |
| % Gain to Breakeven | 1996.8% | 131.3% |
| Time to Breakeven | 4,151 days | 1,480 days |
Compare to APP, U, GOOGL, META, TTD
In The Past
Digital Turbine's stock fell -95.3% during the 2022 Inflation Shock from a high on 3/1/2021. A -95.3% loss requires a 2033.8% gain to breakeven.
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About Digital Turbine (APPS)
AI Analysis | Feedback
1. Think of them as the 'Google Play Store for pre-installed apps,' working directly with phone carriers and manufacturers.
2. A blend of Google Ads and the App Store, but specializing in getting apps directly onto new smartphones via carrier agreements.
AI Analysis | Feedback
Here are the major products and services of Digital Turbine:- On-Device Media Solutions (Ignite Platform): Facilitates the discovery and direct installation of mobile applications on Android devices through partnerships with mobile carriers and original equipment manufacturers (OEMs).
- Mobile App Monetization Platform: Provides app developers and publishers with tools and technologies to generate revenue from their mobile applications through in-app advertising.
- Mobile App User Acquisition Platform: Offers solutions for app developers to acquire new, high-quality users for their applications through targeted advertising campaigns.
AI Analysis | Feedback
Digital Turbine (APPS) sells primarily to other companies. Its major customers, identified by significant revenue concentration in recent fiscal years, include: * **Google** (part of Alphabet Inc., Symbol: GOOGL) * **Verizon** (Symbol: VZ)AI Analysis | Feedback
- Amazon.com, Inc. (AMZN)
AI Analysis | Feedback
Bill Stone, Chief Executive Officer
Bill Stone joined Digital Turbine in September 2012 and was elevated to CEO and Board Member in October 2014. He has over 30 years of experience in telco, mobile applications, content, technology, marketing, and distribution. Prior to Digital Turbine, he served as Senior Vice President of Qualcomm, Inc. and President of its subsidiary, FLO TV and MediaFLO Technologies Inc., from 2009 to 2011. From 2007 to 2009, he was CEO and President of Handango, a smartphone application storefront provider that was acquired by Appia Inc. Stone also served as President of Amp'd Mobile Inc. from 2006 to 2007, and held executive positions at mobile operators including Verizon, Vodafone, and AirTouch.
Stephen Lasher, Executive Vice President and Chief Financial Officer
Stephen Lasher brings more than 30 years of financial leadership experience to Digital Turbine, with a focus on financial strategy, business transformation, and operational excellence in the technology sector. He was appointed to his current role as CFO and Vice President as of 2025. Most recently, he served as Chief Financial Officer of Vonage. He also held various positions at International Business Machines (IBM), including Vice President of Finance for IBM Global Markets, Global Business Services, and Cloud divisions from 2015 to 2021.
Matt Tubergen, EVP - Global Partnerships and Strategy
Matt Tubergen is the Executive Vice President of Global Partnerships and Corporate Development at Digital Turbine, bringing over 20 years of experience in the mobile app and content industry. He co-founded Azomob, where he was instrumental in developing branded mobile content strategies. Before joining Digital Turbine, Tubergen was the Vice President of Business Development and Supply at Appia, which was subsequently acquired by Digital Turbine. His career also includes senior roles at Taptica, SlideMe, Antidote X, THQ Wireless, and American Greetings.
Senthil Kumaran, Chief Technology Officer
As Digital Turbine's Chief Technology Officer, Senthil Kumaran leads the company's product, technology, operations, security, and IT. He has over 20 years of experience in building and scaling complex cloud and mobile products. Prior to Digital Turbine, Kumaran co-founded Tranzfinity, a fintech company where he served as CTO. He also led the horizontal infrastructure, security, and privacy engineering organization for Reality Labs at Meta, and was SVP of Engineering at TiVo/Xperi. His background includes senior leadership positions at Verifone, Yahoo, and Motorola.
Michael Akkerman, Chief Business Officer
Michael Akkerman leads Digital Turbine's global go-to-market efforts, encompassing sales, partnerships, marketing, product, and business operations. He brings nearly 20 years of experience in the advertising industry, with expertise in building and scaling ad tech solutions. Most recently, Akkerman served as General Manager of Mobility Advertising at Uber, where he guided the vision and strategy for Uber's emerging advertising business across its global ride-hailing app. Prior to Uber, he was Chief Product & Strategy Officer at Cardlytics and the Global Head of Partnerships at Pinterest, where he managed and grew an ecosystem of over 130 strategic technology partners.
AI Analysis | Feedback
The key risks to Digital Turbine's business include profitability and debt, dependence on key partners and platform policy changes, and weak mobile device demand.
- Profitability and Debt: Digital Turbine has faced significant challenges with its profit margins, with recent quarters showing negative profit margins and return on equity. The company is reportedly struggling to convert revenue into profits and has a substantial debt load, which poses a significant financial risk.
- Dependence on Key Partners and Platform Policy Changes: A core risk for Digital Turbine is its high dependence on a limited number of key partners, such as wireless carriers and mobile device manufacturers. The business is vulnerable to changes in platform policies by these partners, which could lengthen development periods for its offerings, increase costs, and delay product launches.
- Weak Mobile Device Demand: Digital Turbine's business performance is significantly impacted by the demand for new mobile devices. Weak demand for new mobile devices and a decline in domestic revenue per device have been identified as serious risks, potentially leading to lower revenue growth in the coming years.
AI Analysis | Feedback
The evolving landscape of mobile privacy regulations and platform policies, most notably Google's ongoing implementation of the Privacy Sandbox on Android. This initiative aims to restrict cross-app tracking and replace existing advertising identifiers with new, more privacy-preserving APIs and frameworks. While Digital Turbine has a unique on-device distribution advantage through its partnerships with mobile carriers and OEMs, a significant portion of its ad monetization and app install advertising business relies on broader ad-tech mechanisms for targeting, measurement, and attribution. A fundamental shift in how advertising works at the operating system level on Android could diminish the effectiveness and value of current ad-tech solutions, requiring substantial adaptation and potentially impacting revenue streams and competitive positioning across the mobile advertising ecosystem, including for Digital Turbine.
AI Analysis | Feedback
Digital Turbine (APPS) operates within the mobile growth platform sector, offering solutions primarily through two segments: On Device Solutions and the App Growth Platform.
The company's main products and services focus on app discovery, user acquisition, and monetization services by integrating software directly onto smartphones through partnerships with mobile carriers and device manufacturers (OEMs). These include dynamic app preloads, setup wizards, content media hubs, programmatic advertising exchange, ad mediation, and video advertising for user acquisition campaigns.
The global addressable market for Digital Turbine's services within the mobile digital advertising market is estimated to be approximately $357 billion currently, with a projected growth to about $613 billion by 2027. Another estimate projects the cross-platform mobile advertising market to reach $733 billion by 2030.
AI Analysis | Feedback
Digital Turbine (APPS): Key Drivers of Future Revenue Growth
Digital Turbine (APPS) is poised for future revenue growth over the next 2-3 years, driven by several strategic initiatives and market expansions. The company's forward guidance and recent commentary highlight a focus on international market penetration, advancements in its core platforms, and leveraging new technologies and partnerships. Here are 3-5 expected drivers of Digital Turbine's future revenue growth:1. Accelerated International Expansion
Digital Turbine is experiencing robust international growth, which is a significant driver for its On Device Solutions (ODS) segment. For the first time, international revenues exceeded 25% of total ODS revenues, with an 80% year-over-year increase in the fiscal second quarter of 2026. This expansion is supported by new global device supply and strategic partnerships with mobile carriers and device manufacturers in various regions, including TIM Brazil and Motorola across more than 20 countries. The company anticipates expanding its device footprint with an incremental 70 million-plus devices launching with various Ignite capabilities.2. Growth in Application Growth Platform (AGP) and Brand Engagement
The Application Growth Platform (AGP) segment has returned to year-over-year growth, posting a 20% increase in revenue for the fiscal second quarter of 2026. This resurgence is attributed to increased advertising spend levels, particularly within brand campaigns, and improvements in effective cost per mille (eCPM) rates. Digital Turbine has observed strong brand engagement, with double-digit increases in its brand business, suggesting continued momentum in this area.3. Advancement and Adoption of AI-driven Technology Platforms and First-Party Data
Strategic investments in AI-driven technology platforms and first-party data are expected to be major growth drivers. The company has made significant progress on investment activities, including a new version of Ignite and the launch of SDK Bidding. Initiatives like scaling the DT Ignite graph and DTiQ are top priorities and are seen as crucial for future business growth. These technological advancements aim to enhance brand discovery, advertising, user acquisition, and engagement within the mobile application ecosystem.4. Strategic Partnerships for Alternative App Distribution
Digital Turbine is actively expanding its alternative app distribution network through strategic partnerships. The company secured a global preferred partner status with GroupM, the largest media buying agency, which is anticipated to unlock significant media investments. Collaborations with major tech companies like Epic and Microsoft are also strengthening Digital Turbine's market position and validating its alternative app strategy. These partnerships, alongside those with mobile carriers, support the company's efforts to diversify its reach and capture market share in a shifting regulatory landscape.5. Increased Adoption of SingleTap Technology
The adoption of Digital Turbine's SingleTap technology is contributing to revenue growth. The company reported a nearly 50% increase in SingleTap installs quarter-after-quarter in a recent earnings call. This technology facilitates frictionless app installs, enhancing the user experience and driving user acquisition and engagement, particularly through device integrations with partners like Motorola.AI Analysis | Feedback
Share Repurchases
- Digital Turbine made no purchases of equity securities during the fiscal year ended March 31, 2025.
- The Board of Directors authorized an additional $12 million for a stock repurchase program on November 5, 2025.
Share Issuance
- Approximately 3.86 million shares were issued between March 31, 2024, and March 31, 2025.
- The company raised $13.573 million via an at-the-market offering as of November 4, 2025.
- As of October 30, 2025, Digital Turbine had 112,148,899 common shares outstanding.
Outbound Investments
- Digital Turbine completed three acquisitions in 2021, including AdColony, Appreciate, and Fyber, to enhance its monetization tools and mobile app marketing platforms.
- In October 2024, the company acquired One Store, an online distribution platform offering multi-category mobile applications.
- Digital Turbine acquired Mobile Posse in March 2020 to diversify its offerings.
Capital Expenditures
- Digital Turbine is heavily investing in upgrading its cloud hosting platform and AI machine learning models, which are anticipated to drive long-term efficiency gains.
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Trade Ideas
Select ideas related to APPS.
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| 01302026 | CVLT | CommVault Systems | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 2.3% | 2.3% | -5.1% |
| 01302026 | NTNX | Nutanix | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 6.2% | 6.2% | -6.3% |
| 01302026 | FICO | Fair Isaac | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -8.1% | -8.1% | -9.2% |
| 03312023 | APPS | Digital Turbine | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | -51.1% | -78.8% | -80.0% |
| 09302022 | APPS | Digital Turbine | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | -14.2% | -58.0% | -58.8% |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 164.05 |
| Mkt Cap | 75.9 |
| Rev LTM | 4,712 |
| Op Inc LTM | 2,004 |
| FCF LTM | 2,018 |
| FCF 3Y Avg | 1,292 |
| CFO LTM | 2,119 |
| CFO 3Y Avg | 1,362 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 18.0% |
| Rev Chg 3Y Avg | 18.3% |
| Rev Chg Q | 17.9% |
| QoQ Delta Rev Chg LTM | 4.3% |
| Op Mgn LTM | 25.5% |
| Op Mgn 3Y Avg | 22.6% |
| QoQ Delta Op Mgn LTM | 0.8% |
| CFO/Rev LTM | 36.2% |
| CFO/Rev 3Y Avg | 34.3% |
| FCF/Rev LTM | 22.3% |
| FCF/Rev 3Y Avg | 23.5% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 75.9 |
| P/S | 6.3 |
| P/EBIT | 20.8 |
| P/E | 27.3 |
| P/CFO | 16.5 |
| Total Yield | 2.8% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 2.6% |
| D/E | 0.0 |
| Net D/E | 0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -25.7% |
| 3M Rtn | -11.4% |
| 6M Rtn | -7.1% |
| 12M Rtn | -15.3% |
| 3Y Rtn | 85.0% |
| 1M Excs Rtn | -26.6% |
| 3M Excs Rtn | -21.2% |
| 6M Excs Rtn | -14.1% |
| 12M Excs Rtn | -28.0% |
| 3Y Excs Rtn | 21.4% |
Price Behavior
| Market Price | $4.11 | |
| Market Cap ($ Bil) | 0.4 | |
| First Trading Date | 07/06/2006 | |
| Distance from 52W High | -45.5% | |
| 50 Days | 200 Days | |
| DMA Price | $4.94 | $5.13 |
| DMA Trend | up | down |
| Distance from DMA | -16.8% | -19.9% |
| 3M | 1YR | |
| Volatility | 59.6% | 108.8% |
| Downside Capture | 183.46 | 274.97 |
| Upside Capture | 123.86 | 222.27 |
| Correlation (SPY) | 15.3% | 40.4% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -2.95 | -1.51 | 1.71 | 2.18 | 2.33 | 2.50 |
| Up Beta | -3.24 | -2.47 | 0.78 | 1.72 | 2.25 | 2.74 |
| Down Beta | -6.24 | -4.65 | 0.57 | 2.06 | 1.90 | 2.01 |
| Up Capture | 43% | 122% | 195% | 246% | 929% | 1366% |
| Bmk +ve Days | 11 | 22 | 34 | 71 | 142 | 430 |
| Stock +ve Days | 12 | 22 | 30 | 61 | 121 | 352 |
| Down Capture | -58% | 14% | 267% | 219% | 154% | 113% |
| Bmk -ve Days | 9 | 19 | 27 | 54 | 109 | 321 |
| Stock -ve Days | 8 | 19 | 31 | 63 | 125 | 387 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with APPS | |
|---|---|---|---|---|
| APPS | -21.5% | 108.8% | 0.23 | - |
| Sector ETF (XLK) | 16.4% | 27.5% | 0.53 | 40.2% |
| Equity (SPY) | 13.0% | 19.4% | 0.51 | 40.5% |
| Gold (GLD) | 71.2% | 25.5% | 2.08 | 5.6% |
| Commodities (DBC) | 7.3% | 16.9% | 0.25 | 27.2% |
| Real Estate (VNQ) | 6.4% | 16.7% | 0.20 | 27.8% |
| Bitcoin (BTCUSD) | -30.2% | 44.9% | -0.66 | 22.4% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with APPS | |
|---|---|---|---|---|
| APPS | -45.8% | 109.0% | -0.09 | - |
| Sector ETF (XLK) | 16.1% | 24.8% | 0.59 | 40.8% |
| Equity (SPY) | 13.4% | 17.0% | 0.62 | 43.1% |
| Gold (GLD) | 22.0% | 17.1% | 1.05 | 9.6% |
| Commodities (DBC) | 11.0% | 19.0% | 0.47 | 10.2% |
| Real Estate (VNQ) | 4.8% | 18.8% | 0.16 | 34.3% |
| Bitcoin (BTCUSD) | 6.9% | 57.1% | 0.34 | 25.2% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with APPS | |
|---|---|---|---|---|
| APPS | 12.9% | 92.7% | 0.54 | - |
| Sector ETF (XLK) | 23.2% | 24.2% | 0.87 | 39.0% |
| Equity (SPY) | 15.8% | 17.9% | 0.76 | 39.7% |
| Gold (GLD) | 15.0% | 15.6% | 0.80 | 6.8% |
| Commodities (DBC) | 8.7% | 17.6% | 0.41 | 11.8% |
| Real Estate (VNQ) | 6.8% | 20.7% | 0.29 | 31.5% |
| Bitcoin (BTCUSD) | 67.7% | 66.7% | 1.07 | 17.6% |
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 2/3/2026 | |||
| 11/4/2025 | 23.1% | 2.0% | -15.4% |
| 6/16/2025 | 56.8% | 14.6% | 11.6% |
| 2/5/2025 | 96.5% | 141.7% | 15.7% |
| 11/6/2024 | -44.8% | -54.0% | -53.7% |
| 8/7/2024 | 61.8% | 82.0% | 59.6% |
| 5/28/2024 | -17.0% | -28.1% | -33.5% |
| 2/7/2024 | -24.4% | -29.0% | -38.5% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 8 | 12 | 8 |
| # Negative | 13 | 9 | 13 |
| Median Positive | 43.7% | 26.1% | 30.9% |
| Median Negative | -10.1% | -19.2% | -33.5% |
| Max Positive | 96.5% | 141.7% | 59.6% |
| Max Negative | -44.8% | -54.0% | -53.7% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/03/2026 | 10-Q |
| 09/30/2025 | 11/04/2025 | 10-Q |
| 06/30/2025 | 08/05/2025 | 10-Q |
| 03/31/2025 | 06/16/2025 | 10-K |
| 12/31/2024 | 02/05/2025 | 10-Q |
| 09/30/2024 | 11/06/2024 | 10-Q |
| 06/30/2024 | 08/07/2024 | 10-Q |
| 03/31/2024 | 05/28/2024 | 10-K |
| 12/31/2023 | 02/07/2024 | 10-Q |
| 09/30/2023 | 11/08/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/25/2023 | 10-K |
| 12/31/2022 | 02/08/2023 | 10-Q |
| 09/30/2022 | 11/09/2022 | 10-Q |
| 06/30/2022 | 08/08/2022 | 10-Q |
| 03/31/2022 | 06/06/2022 | 10-K |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Stone, William Gordon Iii | Chief Executive Officer | Direct | Buy | 3102025 | 2.59 | 100,000 | 259,000 | 4,564,883 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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