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Side-by-side financial comparison of Digital Turbine, Inc. (APPS) and GCL Global Holdings Ltd (GCL). Click either name above to swap in a different company.

Digital Turbine, Inc. is the larger business by last-quarter revenue ($151.4M vs $98.7M, roughly 1.5× GCL Global Holdings Ltd). Digital Turbine, Inc. runs the higher net margin — 3.4% vs -5.2%, a 8.5% gap on every dollar of revenue.

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.

GCL Global Holdings Ltd is a leading clean energy enterprise focusing on R&D, production and operation of photovoltaic products, energy storage systems and low-carbon energy solutions. Its main markets cover Asia, Europe, North America, serving utility, commercial and residential distributed energy users across the globe.

APPS vs GCL — Head-to-Head

Bigger by revenue
APPS
APPS
1.5× larger
APPS
$151.4M
$98.7M
GCL
Higher net margin
APPS
APPS
8.5% more per $
APPS
3.4%
-5.2%
GCL

Income Statement — Q3 FY2026 vs Q3 FY2025

Metric
APPS
APPS
GCL
GCL
Revenue
$151.4M
$98.7M
Net Profit
$5.1M
$-5.1M
Gross Margin
57.4%
11.0%
Operating Margin
14.3%
-6.7%
Net Margin
3.4%
-5.2%
Revenue YoY
12.4%
Net Profit YoY
122.1%
EPS (diluted)
$0.03
$-0.04

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
APPS
APPS
GCL
GCL
Q4 25
$151.4M
Q3 25
$140.4M
$98.7M
Q2 25
$130.9M
$142.1M
Q1 25
$119.2M
Q4 24
$134.6M
Q3 24
$118.7M
$36.1M
Q2 24
$118.0M
Q1 24
$112.2M
Net Profit
APPS
APPS
GCL
GCL
Q4 25
$5.1M
Q3 25
$-21.4M
$-5.1M
Q2 25
$-14.1M
$5.6M
Q1 25
$-18.8M
Q4 24
$-23.1M
Q3 24
$-25.0M
$-1.9M
Q2 24
$-25.2M
Q1 24
$-236.5M
Gross Margin
APPS
APPS
GCL
GCL
Q4 25
57.4%
Q3 25
55.1%
11.0%
Q2 25
55.6%
15.0%
Q1 25
55.4%
Q4 24
48.0%
Q3 24
52.6%
16.2%
Q2 24
52.7%
Q1 24
52.3%
Operating Margin
APPS
APPS
GCL
GCL
Q4 25
14.3%
Q3 25
4.7%
-6.7%
Q2 25
-3.6%
2.3%
Q1 25
-9.8%
Q4 24
-9.5%
Q3 24
-11.4%
-5.6%
Q2 24
-13.6%
Q1 24
-185.2%
Net Margin
APPS
APPS
GCL
GCL
Q4 25
3.4%
Q3 25
-15.2%
-5.2%
Q2 25
-10.8%
3.9%
Q1 25
-15.8%
Q4 24
-17.2%
Q3 24
-21.0%
-5.2%
Q2 24
-21.3%
Q1 24
-210.7%
EPS (diluted)
APPS
APPS
GCL
GCL
Q4 25
$0.03
Q3 25
$-0.20
$-0.04
Q2 25
$-0.13
$0.05
Q1 25
$-0.18
Q4 24
$-0.22
Q3 24
$-0.24
Q2 24
$-0.25
Q1 24
$-2.33

Balance Sheet & Financial Strength

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

Metric
APPS
APPS
GCL
GCL
Cash + ST InvestmentsLiquidity on hand
$40.2M
$16.6M
Total DebtLower is stronger
$355.0M
$52.0M
Stockholders' EquityBook value
$194.6M
$33.1M
Total Assets
$858.2M
$159.9M
Debt / EquityLower = less leverage
1.82×
1.57×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APPS
APPS
GCL
GCL
Q4 25
$40.2M
Q3 25
$38.8M
$16.6M
Q2 25
$33.4M
$18.2M
Q1 25
$39.4M
Q4 24
$34.6M
Q3 24
$32.1M
$2.7M
Q2 24
$35.0M
Q1 24
$32.9M
Total Debt
APPS
APPS
GCL
GCL
Q4 25
$355.0M
Q3 25
$396.4M
$52.0M
Q2 25
$400.5M
$11.9M
Q1 25
$408.7M
Q4 24
$408.2M
Q3 24
$407.6M
Q2 24
$393.8M
Q1 24
$383.5M
Stockholders' Equity
APPS
APPS
GCL
GCL
Q4 25
$194.6M
Q3 25
$148.1M
$33.1M
Q2 25
$152.3M
$35.9M
Q1 25
$154.0M
Q4 24
$163.6M
Q3 24
$182.4M
$15.9M
Q2 24
$196.0M
Q1 24
$213.9M
Total Assets
APPS
APPS
GCL
GCL
Q4 25
$858.2M
Q3 25
$818.7M
$159.9M
Q2 25
$818.4M
$101.6M
Q1 25
$812.9M
Q4 24
$839.7M
Q3 24
$844.5M
$49.6M
Q2 24
$860.2M
Q1 24
$865.5M
Debt / Equity
APPS
APPS
GCL
GCL
Q4 25
1.82×
Q3 25
2.68×
1.57×
Q2 25
2.63×
0.33×
Q1 25
2.65×
Q4 24
2.50×
Q3 24
2.24×
Q2 24
2.01×
Q1 24
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
APPS
APPS
GCL
GCL
Operating Cash FlowLast quarter
$14.2M
$-4.8M
Free Cash FlowOCF − Capex
$-5.2M
FCF MarginFCF / Revenue
-5.3%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
2.78×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APPS
APPS
GCL
GCL
Q4 25
$14.2M
Q3 25
$14.5M
$-4.8M
Q2 25
$8.8M
$-10.3M
Q1 25
$11.9M
Q4 24
$10.4M
Q3 24
$-8.7M
$6.1M
Q2 24
$-1.4M
Q1 24
$28.7M
Free Cash Flow
APPS
APPS
GCL
GCL
Q4 25
Q3 25
$-5.2M
Q2 25
$-10.5M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
APPS
APPS
GCL
GCL
Q4 25
Q3 25
-5.3%
Q2 25
-7.4%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
APPS
APPS
GCL
GCL
Q4 25
Q3 25
0.4%
Q2 25
0.1%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
APPS
APPS
GCL
GCL
Q4 25
2.78×
Q3 25
Q2 25
-1.84×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

APPS
APPS

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

GCL
GCL

Segment breakdown not available.

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