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Side-by-side financial comparison of ARTIVION, INC. (AORT) and Digital Turbine, Inc. (APPS). Click either name above to swap in a different company.

Digital Turbine, Inc. is the larger business by last-quarter revenue ($151.4M vs $116.0M, roughly 1.3× ARTIVION, INC.). Digital Turbine, Inc. runs the higher net margin — 3.4% vs 2.1%, a 1.3% gap on every dollar of revenue. On growth, ARTIVION, INC. posted the faster year-over-year revenue change (19.2% vs 12.4%). Over the past eight quarters, Digital Turbine, Inc.'s revenue compounded faster (16.2% CAGR vs 9.1%).

Artivion, Inc. is a distributor of cryogenically preserved human tissues for cardiac and vascular transplant applications and develops medical devices. Among its products are human heart valves, which are treated to remove excess cellular material and antigens, and BioGlue surgical adhesive.

Digital Turbine, Inc. is a global ad technology company that provides end-to-end mobile app monetization, user acquisition, and targeted advertising solutions. It partners with mobile network operators, original equipment manufacturers, and app developers to deliver seamless, contextually relevant app experiences and ad engagements to end users across North America, Europe, and Asia-Pacific, serving core segments of telecom, mobile tech and consumer app industries.

AORT vs APPS — Head-to-Head

Bigger by revenue
APPS
APPS
1.3× larger
APPS
$151.4M
$116.0M
AORT
Growing faster (revenue YoY)
AORT
AORT
+6.8% gap
AORT
19.2%
12.4%
APPS
Higher net margin
APPS
APPS
1.3% more per $
APPS
3.4%
2.1%
AORT
Faster 2-yr revenue CAGR
APPS
APPS
Annualised
APPS
16.2%
9.1%
AORT

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
AORT
AORT
APPS
APPS
Revenue
$116.0M
$151.4M
Net Profit
$2.4M
$5.1M
Gross Margin
63.1%
57.4%
Operating Margin
9.2%
14.3%
Net Margin
2.1%
3.4%
Revenue YoY
19.2%
12.4%
Net Profit YoY
114.7%
122.1%
EPS (diluted)
$0.06
$0.03

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AORT
AORT
APPS
APPS
Q4 25
$116.0M
$151.4M
Q3 25
$113.4M
$140.4M
Q2 25
$113.0M
$130.9M
Q1 25
$99.0M
$119.2M
Q4 24
$97.3M
$134.6M
Q3 24
$95.8M
$118.7M
Q2 24
$98.0M
$118.0M
Q1 24
$97.4M
$112.2M
Net Profit
AORT
AORT
APPS
APPS
Q4 25
$2.4M
$5.1M
Q3 25
$6.5M
$-21.4M
Q2 25
$1.3M
$-14.1M
Q1 25
$-505.0K
$-18.8M
Q4 24
$-16.5M
$-23.1M
Q3 24
$-2.3M
$-25.0M
Q2 24
$-2.1M
$-25.2M
Q1 24
$7.5M
$-236.5M
Gross Margin
AORT
AORT
APPS
APPS
Q4 25
63.1%
57.4%
Q3 25
65.6%
55.1%
Q2 25
64.7%
55.6%
Q1 25
64.2%
55.4%
Q4 24
63.2%
48.0%
Q3 24
63.7%
52.6%
Q2 24
64.6%
52.7%
Q1 24
64.6%
52.3%
Operating Margin
AORT
AORT
APPS
APPS
Q4 25
9.2%
14.3%
Q3 25
11.1%
4.7%
Q2 25
7.4%
-3.6%
Q1 25
2.2%
-9.8%
Q4 24
2.7%
-9.5%
Q3 24
4.6%
-11.4%
Q2 24
6.6%
-13.6%
Q1 24
26.0%
-185.2%
Net Margin
AORT
AORT
APPS
APPS
Q4 25
2.1%
3.4%
Q3 25
5.7%
-15.2%
Q2 25
1.2%
-10.8%
Q1 25
-0.5%
-15.8%
Q4 24
-16.9%
-17.2%
Q3 24
-2.4%
-21.0%
Q2 24
-2.2%
-21.3%
Q1 24
7.7%
-210.7%
EPS (diluted)
AORT
AORT
APPS
APPS
Q4 25
$0.06
$0.03
Q3 25
$0.13
$-0.20
Q2 25
$0.03
$-0.13
Q1 25
$-0.01
$-0.18
Q4 24
$-0.40
$-0.22
Q3 24
$-0.05
$-0.24
Q2 24
$-0.05
$-0.25
Q1 24
$0.18
$-2.33

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AORT
AORT
APPS
APPS
Cash + ST InvestmentsLiquidity on hand
$64.9M
$40.2M
Total DebtLower is stronger
$215.1M
$355.0M
Stockholders' EquityBook value
$448.2M
$194.6M
Total Assets
$884.8M
$858.2M
Debt / EquityLower = less leverage
0.48×
1.82×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AORT
AORT
APPS
APPS
Q4 25
$64.9M
$40.2M
Q3 25
$73.4M
$38.8M
Q2 25
$53.5M
$33.4M
Q1 25
$37.7M
$39.4M
Q4 24
$53.5M
$34.6M
Q3 24
$56.2M
$32.1M
Q2 24
$55.0M
$35.0M
Q1 24
$51.1M
$32.9M
Total Debt
AORT
AORT
APPS
APPS
Q4 25
$215.1M
$355.0M
Q3 25
$214.9M
$396.4M
Q2 25
$215.6M
$400.5M
Q1 25
$314.7M
$408.7M
Q4 24
$314.3M
$408.2M
Q3 24
$314.0M
$407.6M
Q2 24
$313.6M
$393.8M
Q1 24
$313.3M
$383.5M
Stockholders' Equity
AORT
AORT
APPS
APPS
Q4 25
$448.2M
$194.6M
Q3 25
$438.7M
$148.1M
Q2 25
$419.9M
$152.3M
Q1 25
$294.3M
$154.0M
Q4 24
$276.2M
$163.6M
Q3 24
$304.7M
$182.4M
Q2 24
$295.1M
$196.0M
Q1 24
$295.0M
$213.9M
Total Assets
AORT
AORT
APPS
APPS
Q4 25
$884.8M
$858.2M
Q3 25
$857.7M
$818.7M
Q2 25
$838.4M
$818.4M
Q1 25
$791.2M
$812.9M
Q4 24
$789.1M
$839.7M
Q3 24
$803.1M
$844.5M
Q2 24
$789.5M
$860.2M
Q1 24
$784.0M
$865.5M
Debt / Equity
AORT
AORT
APPS
APPS
Q4 25
0.48×
1.82×
Q3 25
0.49×
2.68×
Q2 25
0.51×
2.63×
Q1 25
1.07×
2.65×
Q4 24
1.14×
2.50×
Q3 24
1.03×
2.24×
Q2 24
1.06×
2.01×
Q1 24
1.06×
1.79×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AORT
AORT
APPS
APPS
Operating Cash FlowLast quarter
$19.6M
$14.2M
Free Cash FlowOCF − Capex
$-7.9M
FCF MarginFCF / Revenue
-6.9%
Capex IntensityCapex / Revenue
23.7%
Cash ConversionOCF / Net Profit
8.06×
2.78×
TTM Free Cash FlowTrailing 4 quarters
$839.0K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AORT
AORT
APPS
APPS
Q4 25
$19.6M
$14.2M
Q3 25
$22.3M
$14.5M
Q2 25
$15.0M
$8.8M
Q1 25
$-17.0M
$11.9M
Q4 24
$10.1M
$10.4M
Q3 24
$11.5M
$-8.7M
Q2 24
$6.1M
$-1.4M
Q1 24
$-5.5M
$28.7M
Free Cash Flow
AORT
AORT
APPS
APPS
Q4 25
$-7.9M
Q3 25
$17.7M
Q2 25
$11.7M
Q1 25
$-20.6M
Q4 24
$8.7M
Q3 24
$7.8M
Q2 24
$3.6M
Q1 24
$-9.1M
FCF Margin
AORT
AORT
APPS
APPS
Q4 25
-6.9%
Q3 25
15.6%
Q2 25
10.4%
Q1 25
-20.8%
Q4 24
9.0%
Q3 24
8.2%
Q2 24
3.7%
Q1 24
-9.3%
Capex Intensity
AORT
AORT
APPS
APPS
Q4 25
23.7%
Q3 25
4.1%
Q2 25
2.9%
Q1 25
3.7%
Q4 24
1.5%
Q3 24
3.8%
Q2 24
2.6%
Q1 24
3.7%
Cash Conversion
AORT
AORT
APPS
APPS
Q4 25
8.06×
2.78×
Q3 25
3.42×
Q2 25
11.16×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
-0.73×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AORT
AORT

Aortic Stent Grafts$43.3M37%
On X$27.8M24%
Preservation Services$24.1M21%
Surgical Sealants$20.3M18%
Other Products$463.0K0%

APPS
APPS

On Device Solutions$99.6M66%
App Growth Platform$52.6M35%

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