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

GOLDEN ENTERTAINMENT, INC. is the larger business by last-quarter revenue ($155.6M vs $151.4M, roughly 1.0× Digital Turbine, Inc.). Digital Turbine, Inc. runs the higher net margin — 3.4% vs -5.5%, a 8.8% gap on every dollar of revenue. On growth, Digital Turbine, Inc. posted the faster year-over-year revenue change (12.4% vs -5.2%). Over the past eight quarters, Digital Turbine, Inc.'s revenue compounded faster (16.2% CAGR vs -5.4%).

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.

Golden Entertainment, Inc. is an American gambling company based in Enterprise, Nevada that operates casinos and taverns. It was formed in 2015 by the merger of Golden Gaming and Lakes Entertainment. It is the largest tavern operator in Nevada. In October 2017, the company completed an $850 million acquisition of American Casino & Entertainment Properties. The company now has eight casino resorts, all located in Southern Nevada.

APPS vs GDEN — Head-to-Head

Bigger by revenue
GDEN
GDEN
1.0× larger
GDEN
$155.6M
$151.4M
APPS
Growing faster (revenue YoY)
APPS
APPS
+17.7% gap
APPS
12.4%
-5.2%
GDEN
Higher net margin
APPS
APPS
8.8% more per $
APPS
3.4%
-5.5%
GDEN
Faster 2-yr revenue CAGR
APPS
APPS
Annualised
APPS
16.2%
-5.4%
GDEN

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
APPS
APPS
GDEN
GDEN
Revenue
$151.4M
$155.6M
Net Profit
$5.1M
$-8.5M
Gross Margin
57.4%
92.5%
Operating Margin
14.3%
-1.5%
Net Margin
3.4%
-5.5%
Revenue YoY
12.4%
-5.2%
Net Profit YoY
122.1%
-386.0%
EPS (diluted)
$0.03
$-0.31

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
GDEN
GDEN
Q4 25
$151.4M
$155.6M
Q3 25
$140.4M
$154.8M
Q2 25
$130.9M
$163.6M
Q1 25
$119.2M
$160.8M
Q4 24
$134.6M
$164.2M
Q3 24
$118.7M
$161.2M
Q2 24
$118.0M
$167.3M
Q1 24
$112.2M
$174.0M
Net Profit
APPS
APPS
GDEN
GDEN
Q4 25
$5.1M
$-8.5M
Q3 25
$-21.4M
$-4.7M
Q2 25
$-14.1M
$4.6M
Q1 25
$-18.8M
$2.5M
Q4 24
$-23.1M
$3.0M
Q3 24
$-25.0M
$5.2M
Q2 24
$-25.2M
$623.0K
Q1 24
$-236.5M
$42.0M
Gross Margin
APPS
APPS
GDEN
GDEN
Q4 25
57.4%
92.5%
Q3 25
55.1%
92.8%
Q2 25
55.6%
93.1%
Q1 25
55.4%
92.7%
Q4 24
48.0%
96.3%
Q3 24
52.6%
93.0%
Q2 24
52.7%
93.2%
Q1 24
52.3%
89.9%
Operating Margin
APPS
APPS
GDEN
GDEN
Q4 25
14.3%
-1.5%
Q3 25
4.7%
0.6%
Q2 25
-3.6%
7.3%
Q1 25
-9.8%
6.9%
Q4 24
-9.5%
7.1%
Q3 24
-11.4%
4.2%
Q2 24
-13.6%
8.1%
Q1 24
-185.2%
46.0%
Net Margin
APPS
APPS
GDEN
GDEN
Q4 25
3.4%
-5.5%
Q3 25
-15.2%
-3.0%
Q2 25
-10.8%
2.8%
Q1 25
-15.8%
1.6%
Q4 24
-17.2%
1.8%
Q3 24
-21.0%
3.2%
Q2 24
-21.3%
0.4%
Q1 24
-210.7%
24.1%
EPS (diluted)
APPS
APPS
GDEN
GDEN
Q4 25
$0.03
$-0.31
Q3 25
$-0.20
$-0.18
Q2 25
$-0.13
$0.17
Q1 25
$-0.18
$0.09
Q4 24
$-0.22
$0.14
Q3 24
$-0.24
$0.18
Q2 24
$-0.25
$0.02
Q1 24
$-2.33
$1.37

Balance Sheet & Financial Strength

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

Metric
APPS
APPS
GDEN
GDEN
Cash + ST InvestmentsLiquidity on hand
$40.2M
$55.3M
Total DebtLower is stronger
$355.0M
$426.6M
Stockholders' EquityBook value
$194.6M
$420.9M
Total Assets
$858.2M
$1.0B
Debt / EquityLower = less leverage
1.82×
1.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APPS
APPS
GDEN
GDEN
Q4 25
$40.2M
$55.3M
Q3 25
$38.8M
$58.3M
Q2 25
$33.4M
$52.3M
Q1 25
$39.4M
$50.5M
Q4 24
$34.6M
$57.7M
Q3 24
$32.1M
$68.6M
Q2 24
$35.0M
$88.6M
Q1 24
$32.9M
$404.3M
Total Debt
APPS
APPS
GDEN
GDEN
Q4 25
$355.0M
$426.6M
Q3 25
$396.4M
$417.3M
Q2 25
$400.5M
$423.3M
Q1 25
$408.7M
$399.3M
Q4 24
$408.2M
$405.3M
Q3 24
$407.6M
$386.3M
Q2 24
$393.8M
$388.2M
Q1 24
$383.5M
$660.9M
Stockholders' Equity
APPS
APPS
GDEN
GDEN
Q4 25
$194.6M
$420.9M
Q3 25
$148.1M
$434.2M
Q2 25
$152.3M
$443.3M
Q1 25
$154.0M
$462.0M
Q4 24
$163.6M
$474.2M
Q3 24
$182.4M
$513.1M
Q2 24
$196.0M
$539.0M
Q1 24
$213.9M
$569.6M
Total Assets
APPS
APPS
GDEN
GDEN
Q4 25
$858.2M
$1.0B
Q3 25
$818.7M
$1.0B
Q2 25
$818.4M
$1.0B
Q1 25
$812.9M
$1.1B
Q4 24
$839.7M
$1.1B
Q3 24
$844.5M
$1.1B
Q2 24
$860.2M
$1.2B
Q1 24
$865.5M
$1.5B
Debt / Equity
APPS
APPS
GDEN
GDEN
Q4 25
1.82×
1.01×
Q3 25
2.68×
0.96×
Q2 25
2.63×
0.95×
Q1 25
2.65×
0.86×
Q4 24
2.50×
0.85×
Q3 24
2.24×
0.75×
Q2 24
2.01×
0.72×
Q1 24
1.79×
1.16×

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
GDEN
GDEN
Operating Cash FlowLast quarter
$14.2M
$10.2M
Free Cash FlowOCF − Capex
$-4.4M
FCF MarginFCF / Revenue
-2.8%
Capex IntensityCapex / Revenue
9.4%
Cash ConversionOCF / Net Profit
2.78×
TTM Free Cash FlowTrailing 4 quarters
$35.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APPS
APPS
GDEN
GDEN
Q4 25
$14.2M
$10.2M
Q3 25
$14.5M
$26.9M
Q2 25
$8.8M
$17.4M
Q1 25
$11.9M
$28.6M
Q4 24
$10.4M
$22.5M
Q3 24
$-8.7M
$22.5M
Q2 24
$-1.4M
$21.5M
Q1 24
$28.7M
$25.8M
Free Cash Flow
APPS
APPS
GDEN
GDEN
Q4 25
$-4.4M
Q3 25
$19.3M
Q2 25
$4.0M
Q1 25
$16.6M
Q4 24
$14.3M
Q3 24
$14.7M
Q2 24
$3.9M
Q1 24
$9.5M
FCF Margin
APPS
APPS
GDEN
GDEN
Q4 25
-2.8%
Q3 25
12.5%
Q2 25
2.4%
Q1 25
10.4%
Q4 24
8.7%
Q3 24
9.1%
Q2 24
2.3%
Q1 24
5.5%
Capex Intensity
APPS
APPS
GDEN
GDEN
Q4 25
9.4%
Q3 25
4.9%
Q2 25
8.2%
Q1 25
7.4%
Q4 24
5.0%
Q3 24
4.9%
Q2 24
10.5%
Q1 24
9.3%
Cash Conversion
APPS
APPS
GDEN
GDEN
Q4 25
2.78×
Q3 25
Q2 25
3.76×
Q1 25
11.43×
Q4 24
7.57×
Q3 24
4.36×
Q2 24
34.51×
Q1 24
0.61×

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%

GDEN
GDEN

Nevada Casino Resorts$90.2M58%
Nevada Locals Casinos$37.4M24%
Nevada Taverns$27.7M18%

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