A switching regulator or other apparatus or techniques can include load current monitoring to provide a digital representation of an estimated load current. Load current monitoring can be performed by a circuit including a counter circuit, a comparator circuit, and a digitally-controlled source coupled to the counter circuit and configured to adjust a bias condition of a sensing device in response to a count provided by the counter circuit in order to establish a proportional relationship between a current conducted by the sensing device and a corresponding current conducted by a power switching device. The counter circuit is configured to increment and decrement the count in response to information provided by the comparator output and the count is generally indicative of the estimated load current, such as an average load current.