Digital Turbine, Inc.

APPS: Is Digital Turbine, Inc. Halal?

Digital Turbine, Inc.

NASDAQTechnologyUS

$10.87

+1.49%

Market Cap: 1.3B

Compliance Status

Doubtful

Screened on Aug 29, 2026 · AAOIFI Standard 21

B+

Good

75Score

Is Digital Turbine, Inc. (APPS) halal? Doubtful. Based on AAOIFI screening, Digital Turbine, Inc. passes the business activity screen but has financial ratios approaching AAOIFI limits with a compliance score of 75/100 (Grade: B+).

Quote this verdict

HalalScreener rates Digital Turbine, Inc. (APPS) Doubtful, 75/100, grade B+ under AAOIFI Standard 21, screened Aug 29, 2026. Source: https://halalscreener.app/en/stock/APPS

Business activity

What the company sells is permissible.

Passed

Company debt

Close to the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

26.3% of 30.0% limit

What this means for you

You may own APPS, with caution

Its numbers sit close to AAOIFI limits. Cautious investors may prefer alternatives or ask a scholar first.

Purification amount is Pro

We have screened APPS's prohibited income, but the exact share you would need to purify is part of Pro.

About Digital Turbine, Inc.

Digital Turbine, Inc. is a company that delivers a robust mobile growth ecosystem for a diverse set of clients, including advertisers, content creators, mobile network operators, and device manufacturers. Its business operations are structured into three main divisions: On Device Media, In App Media – AdColony, and In App Media – Fyber. The company provides an application distribution platform that efficiently delivers mobile applications to a wide array of publishers, carriers, original equipment manufacturers, and end-user devices. Moreover, it manages a content media platform offering up-to-date news, weather forecasts, sports information, and various other content, alongside programmatic advertising and both sponsored and editorially produced media. Digital Turbine also furnishes an extensive, end-to-end platform enabling brands, marketing agencies, publishers, and application developers to effectively reach consumers with advertisements on their mobile devices. Additionally, it offers a specialized platform designed to help mobile app developers and digital publishers monetize their digital content through display, native, and video advertising formats. With its corporate headquarters situated in Austin, Texas, the company boasts a broad international presence, operating across the United States, Canada, Europe, the Middle East, Africa, the Asia Pacific region (including China), Mexico, Central America, and South America.

Sector: Technology · Industry: Software - Application

Why This Stock Is Doubtful

  • Debt is 26.3% of market cap, only 3.7 points below the 30% AAOIFI limit

Stocks are marked Doubtful when financial ratios pass but approach AAOIFI thresholds. Consider consulting a qualified scholar for a definitive ruling.

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 29, 2026

Compliance History

  1. Doubtfulnow

    since Aug 2026

  2. Halal

    until the change above

  3. Not Halal

    until the change above

  4. Doubtful

    until the change above

  5. Not Halal

    until the change above

Tracked since May 2026. Updates automatically on each re-screen.

Fiscal: Q1 2027Data source: EDGAR
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Frequently Asked Questions

Is Digital Turbine, Inc. (APPS) halal to invest in?
Digital Turbine, Inc. (APPS) is rated Doubtful under AAOIFI Standard 21. It passes the business activity screen but one or more financial ratios are approaching (though not yet exceeding) the AAOIFI thresholds (30% for debt and interest deposits, 5% for prohibited income). Consult a qualified Islamic finance scholar for a personal ruling.
Why did Digital Turbine, Inc. get a B+ compliance rating?
Digital Turbine, Inc. (APPS) received a grade of B+ (Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 26.3% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Digital Turbine, Inc.'s Shariah verdict?
Digital Turbine, Inc.'s verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.
How often is Digital Turbine, Inc. re-screened for Shariah compliance?
Digital Turbine, Inc. (APPS) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Aug 29, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.