Dilution profile // every instrument, one screen, from SEC filings

Digital Turbine, Inc. (APPS)

CIK 317788 · all EDGAR filings →

Overall dilution risk
HIGHworst of 4 computed signals (offering ability)
= the worst band among the computed sub-ratings, no hidden weighting
Offering ability
HIGHS-3ASR on file 2025-08-05
= is there a registration (S-1/S-3 family) on file without a later withdrawal
no structured fee data on the live registrations, so this is a yes/no, not a size
Overhead supply
LOWwarrants = 0% of O/S
= warrant shares outstanding divided by current shares outstanding (bands: 20% / 50%)
warrants only; converts, ATMs and equity lines are not in free structured data, so the true overhead is AT LEAST this
Historical dilution
LOW+20% O/S in 3y
= share count now vs 3 years ago (bands: 30% / 100%); a reverse split pushes this negative
a reverse-split-sized cliff is in this window; read the chart
Cash need
LOWoperating cash flow positive
= cash vs trailing operating burn (bands: 6mo / 24mo; positive operating CF = low)

Same rating bands the category standard uses, but free, with the formula on the chip and the gaps in the data said out loud.

Shares outstanding over time

2020-10-222026-07-31

Latest: 121.0M shares as of Jul 31, 2026 (10-Q). Share count fell from 92.2M to 20.4M between Feb 8, 2013 and Jun 28, 2013, a pattern consistent with a reverse split (roughly 1-for-5); simultaneous issuance can skew the raw ratio, so confirm in the filings. The red bar marks the cliff.

Cash runway

Self-funding

generates cash

Full breakdown: cash runway tool · source filing →

Warrants

TrancheWarrantsExercise priceTermNotes
August2025 Warrants824,421$4.84
September2025 Warrants397,997not tagged

Tranches exactly as the company dimensioned them in its 10-Q filed Aug 5, 2026. Groupings can overlap (a “Series E and F” row is not additive with a “Series E” row), so do not sum this column. A tranche the filer did not tag is absent here, not absent from the cap table. DOWN-ROUND = the filer tagged price-protection accounting scoped to that tranche.

Warrants outstanding: 30,000 underlying shares, as reported Jun 30, 2016 (10-K).

Reported exercise price: $1.364 (aggregate figure as tagged; individual tranches vary).

Rough fully diluted estimate: 121.0M = 121.0M O/S + 30,000 warrant shares. An estimate, not a filing figure: it ignores converts, options and RSUs, and the two inputs carry different as-of dates.

Convertible notes

No convertible-note facts tagged in the 10-Q filed Aug 5, 2026. If convertible notes exist, their terms live in exhibit prose for this filer and are not parsed; absence of a tag is not proof of absence. The exhibits are the ground truth.

Fully diluted build-up

Shares outstanding plus every potential-share instrument the filer tagged in XBRL, each at its own as-of date. An estimate assembled from filed figures, not a filing figure itself.

Shares outstanding121.0MJul 31, 2026
+ August2025 Warrants (if exercised)824,421Aug 29, 2025
+ September2025 Warrants (if exercised)397,997Sep 15, 2025
Fully diluted estimate122.2M+1.0% vs O/S

Still excluded, because the filer does not tag them in countable form: employee options and RSUs, any instrument living only in exhibit prose, and instruments above missing a share count. Inputs carry different as-of dates, shown per row. Each figure traces to the tranche and note tables above and their cited filings.

Registrations and offerings

S-3ASRAug 5, 2025fee exhibit found but no total offering amount (fees deferred, typical for automatic shelves)filing →

Last 12 months: 1 executed · 0 registered.

UPDATEOct 22, 2025Resale prospectus — existing holders registering to sell424B7
EXECUTEDSep 2, 2025Unregistered share sale disclosed (8-K item 3.02)8-K
REGISTEREDAug 5, 2025Automatic shelf registration — effective immediately (large filers)S-3ASR
EXECUTEDAug 5, 2025Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
EXECUTEDMay 25, 2022Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDMay 28, 2021Unregistered share sale disclosed (8-K item 3.02)8-K
EFFECTIVEApr 16, 2019SEC declared a registration effective — selling can beginEFFECT
REGISTEREDApr 9, 2019S-3 registration — capacity to sell shares, not a sale yetS-3
EFFECTIVEDec 4, 2017SEC declared a registration effective — selling can beginEFFECT
UPDATEAug 22, 2017Prospectus update — often a resale registration, not necessarily new capital424B3
UPDATEJul 19, 2017Prospectus update — often a resale registration, not necessarily new capital424B3
EXECUTEDMay 24, 2017Unregistered share sale disclosed (8-K item 3.02)8-K

Full history and shelf status: offering checker · S-3 shelf checker

Source: SEC EDGAR XBRL company facts and filing metadata, fetched live and cached briefly. Share counts are cover-page figures with their form named. Warrant tranches and convertible notes come from the dimensioned facts in the latest 10-Q/10-K instance document, exactly as the company tagged them; untagged tranches and notes are absent, not disproven. Nothing on this page is manually verified and nothing is behind a login: what free data supports is shown, what it cannot support is stated. Not investment advice.

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