For most of the 2020s, Digital Turbine, Inc.'s (NASDAQ:APPS) story was one of disappointment.

Since the 2021 high, the shares have collapsed by more than 95%.

Weakening device sales, softer advertising demand, and execution missteps pushed it toward the penny-stock territory.

Fiscal 2024 revenue fell 18%, followed by another 10% decline in fiscal 2025, reinforcing the perception that the company's best days were behind it.

But then the second quarter of 2026 arrived.