Digital Turbine, Inc.APPS

Digital Turbine, Inc. Leases Disclosure

10-KFiled May 26, 20262 min read
Leases
The Company has entered into or assumed through acquisitions, various non-cancellable operating lease agreements primarily for office space. These lease agreements expire between fiscal years 2027 and 2031 and, in certain cases, include one or more options to renew. The Company recognizes a right-of-use (“ROU”) asset and lease liability at the lease commencement date based on the estimated present value of lease payments over the lease term. Variable lease payments consisting of non-lease components and services are excluded from the ROU assets and lease liabilities and are recognized in the period in which the obligation is incurred.
Leases are classified on the consolidated balance sheet as follows:
March 31,
20262025
Operating lease right-of-use assets
$7,739$9,924
Current operating lease liabilities
$3,149$3,390
Non-current operating lease liabilities
4,7796,111
Total right-of-use liabilities
$7,928$9,501
The current portion of the Company’s lease liabilities, payable within the next twelve months, is included in other current liabilities, and the long-term portion of the Company’s lease liabilities is included in other non-current liabilities on the consolidated balance sheet.
Maturities, by fiscal year, of our operating lease liabilities as of March 31, 2026 were as follows:
Fiscal year 2027$3,552 
Fiscal year 20282,760 
Fiscal year 20292,138 
Fiscal year 2030424 
Fiscal year 203128 
Thereafter— 
Total undiscounted cash flows8,902 
(Less imputed interest)(974)
Present value of lease liabilities$7,928 
As of March 31, 2026, the weighted-average remaining lease term of our operating leases was 2.78 years and the weighted-average discount rate used in the calculation of our lease liabilities was 6.66%.
Supplemental cash flow information related to our leases was as follows:
Year Ended March 31,
202620252024
Cash paid for amounts included in the measurement of operating lease liabilities
$3,783 $3,520 $3,443 
Right-of-use assets obtained in exchange for operating lease liabilities1,477 4,096 2,683 
Operating lease expenses were $3,891, $5,544, and $4,953 for years ended March 31, 2026, 2025 and 2024, respectively. Our operating lease expense includes variable lease costs and is net of sublease income, both of which are not material.

Historical Timeline

Fiscal YearFiled
2026May 26, 2026Showing above
2025Jun 16, 2025
2024May 28, 2024
2023May 25, 2023
2022Jun 6, 2022
2021Jun 10, 2021
2020Jun 2, 2020

About Leases Disclosures

Lease disclosures under ASC 842 provide a comprehensive view of a company's leased asset portfolio, including the split between operating and finance leases, discount rates used to present-value future payments, and the maturity schedule of lease obligations. This section reveals a significant source of off-balance-sheet commitments that were largely hidden before the current standard.

Key signals: the weighted-average discount rate affects the size of recorded lease liabilities — a higher rate reduces the reported obligation, so compare the chosen rate against the company's incremental borrowing rate. The operating versus finance lease mix affects both EBITDA and operating income presentation. Watch the maturity table for concentration risk: large payment cliffs in specific years may create cash flow pressure. Variable lease payments excluded from the liability measurement represent real obligations that do not appear on the balance sheet. Compare total lease costs against prior-year operating lease expense to assess the true economic burden.

Other Available Disclosures

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