Earnings per Share
Basic net (loss) income per share is computed based on the weighted average number of shares of common stock outstanding during the period. Diluted net (loss) income per share is computed based on the weighted average number of common shares outstanding plus the effect of potentially dilutive common shares outstanding during the period using the applicable methods. The Company excludes equity instruments from the calculation of diluted earnings per share if the effect of including such instruments is antidilutive.
The following table sets forth the computation of basic and diluted net (loss) income per share of common stock (in thousands, except per share amounts):
 
Year ended March 31,
202520242023
Net (loss) income per common share$(92,099)$(420,448)16,870 
Less: net (loss) income attributable to non-controlling interest— (220)197 
Net (loss) income attributable to Digital Turbine, Inc.$(92,099)$(420,228)$16,673 
Weighted-average common shares outstanding, basic103,747 100,975 98,783 
Basic net (loss) income per common share attributable to Digital Turbine, Inc.$(0.89)$(4.16)$0.17 
Weighted-average common shares outstanding, diluted103,747 100,975 101,816 
Diluted net (loss) income per common share attributable to Digital Turbine, Inc.$(0.89)$(4.16)$0.16 
Potentially dilutive outstanding securities of 7,760,981, 4,405,087, and 1,390,650 for the years ended March 31, 2025, 2024, and 2023, respectively, were outstanding but were excluded from the computation of diluted net income per share because their effect would have been anti-dilutive.

Historical Timeline

Fiscal YearFiled
2025Jun 16, 2025Showing above
2024May 28, 2024
2023May 25, 2023
2022Jun 6, 2022

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.