DIGI INTERNATIONAL INC DGII

Technology SIC 3576 - Computer Communications Equipment NAICS Manufacturing › Computer and Electronic Product Manufacturing › Communications Equipment Manufacturing › Telephone Apparatus Manufacturing derived Nasdaq

Digi International Inc. ("Digi®," "we," "our," or "us") was incorporated in 1985 as a Minnesota corporation. We reorganized as a Delaware corporation in 1989 in conjunction with our initial public offering. Our common stock trades on the Nasdaq Global Select Market tier of the Nasdaq Stock Market LLC (the "Nasdaq") under the symbol DGII. Our World Headquarters is located at 9350 Excelsior Blvd., Suite 700, Hopkins, Minnesota 55343. The telephone number at our World Headquarters is (952) 912-3444.

We are a leading global provider of business and mission-critical Internet of Things ("IoT") connectivity products, services and solutions. We help our customers deploy, monitor and manage critical communications infrastructures that deliver important information in demanding environments with high levels of security and reliability. We have two reportable segments under applicable accounting standards: (i) IoT Products & Services; and (ii) IoT Solutions.

Last close 74.95 2026-10-23
Market cap $2.84B 2026-06-30 share count
52-week range 34.41 - 86.84

Valuation FY2025 figures against the last close

P/S6.6x
P/E69.4x
P/FCF27.0x
EV/EBITDA33.0x
Dividend yield—
Diluted EPS1.08

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • North America, primarily United States
  • Europe, Middle East & Africa
  • Rest of world
Revenue by geography, 3 categories over 3 years. The same figures are in the table below. FY2025 North America, primarily United States, FY2025: 341.9M (79.5%) 79% North America, primarily United States Europe, Middle East & Africa, FY2025: 62.9M (14.6%) 15% Rest of world, FY2025: 25.4M (5.9%) 6% FY2024 North America, primarily United States, FY2024: 302.5M (71.3%) 71% Europe, Middle East & Africa, FY2024: 64.9M (15.3%) 15% Rest of world, FY2024: 56.7M (13.4%) 13% FY2023 North America, primarily United States, FY2023: 323.7M (72.8%) 73% Europe, Middle East & Africa, FY2023: 70M (15.7%) 16% Rest of world, FY2023: 51.2M (11.5%) 11%
Region FY2025FY2024FY2023
North America, primarily United States $341.9M $302.5M $323.7M
Europe, Middle East & Africa $62.9M $64.9M $70.0M
Rest of world $25.4M $56.7M $51.2M

As the company reported it, from the “Revenue - Disaggregation of Revenue (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $430.2M$424.0M$444.8M$388.2M$308.6M$279.3M$254.2M$226.9M$181.3M$203.0M
Cost of revenue $159.5M$174.1M$192.6M$171.9M$142.0M$135.3M$135.2M$117.8M$94.1M$103.3M
Gross profit $270.7M$249.9M$252.2M$216.3M$166.7M$144.0M$119.0M$109.1M$87.2M$99.7M
SG&A $58.9M$58.2M$61.8M$58.8M$41.8M$36.1M$25.7M$28.3M$13.3M$17.0M
Total operating expenses $214.4M$201.8M$202.1M$178.1M$156.1M$132.7M$109.0M$106.3M$78.4M$82.6M
Operating income $56.3M$48.1M$50.1M$38.2M$10.5M$11.3M$10.1M$2.8M$8.9M$17.1M
Interest expense $6.3M$15.4M$25.2M$19.7M$1.4M$3.6M$102.0K$25.0K$48.0K$291.0K
Pre-tax income $49.9M$22.9M$24.9M$18.6M$9.0M$7.5M$11.1M$3.2M$9.6M$16.7M
Income tax $9.1M$353.0K$148.0K$755.0K$1.4M$948.0K$1.2M$1.6M$147.0K$3.2M
Net income $40.8M$22.5M$24.8M$19.4M$10.4M$8.4M$10.0M$1.6M$9.4M$16.7M
EPS, basic 1.100.620.690.550.320.290.360.060.360.65
EPS, diluted 1.080.610.670.540.310.280.350.060.350.64
Shares, diluted (wtd. avg.) 37.7M37.0M36.9M36.0M33.4M29.5M28.6M27.7M27.1M26.3M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $21.9M$27.5M$31.7M$34.9M$152.4M$54.1M$92.8M$58.0M$78.2M$75.7M
Short-term investments ——————$0$4.7M$32.0M$58.4M
Receivables $63.5M$69.6M$56.0M$50.5M$43.7M$59.2M$56.4M$49.8M$28.9M$28.7M
Inventory $38.9M$53.4M$74.4M$73.2M$43.9M$51.6M$39.8M$41.6M$30.2M$26.3M
Total current assets $130.7M$154.4M$166.2M$166.2M$246.7M$170.1M$192.5M$162.0M$174.4M$195.6M
Property, plant and equipment $34.0M$34.9M$29.1M$27.6M$12.1M$11.5M$13.9M$8.4M$13.2M$14.0M
Goodwill $392.9M$342.8M$341.6M$340.5M$225.5M$210.1M$153.4M$154.5M$132.0M$109.4M
Other intangibles $350.7M$252.9M$277.1M$302.1M$118.0M$121.2M$30.7M$39.3M$11.8M$4.0M
Total assets $922.6M$815.1M$835.5M$853.9M$619.5M$528.7M$398.7M$372.1M$345.2M$336.2M
Accounts payable $35.9M$23.8M$17.1M$32.4M$22.6M$28.1M$21.2M$12.9M$6.2M$8.6M
Short-term debt $0$0$15.5M$15.5M$0$2.0M$0———
Total current liabilities $107.8M$89.3M$86.0M$96.5M$58.9M$61.2M$44.5M$35.6M$18.0M$23.8M
Long-term debt $159.2M$123.2M$188.1M$222.4M$45.8M$59.0M$0———
Total liabilities $286.6M$234.0M$295.0M$352.4M$147.0M$157.2M$49.7M$41.7M$26.0M$36.1M
Retained earnings $288.2M$247.3M$224.8M$200.1M$180.7M$170.3M$161.9M$152.0M$150.4M$141.1M
Total equity $636.1M$581.0M$540.5M$501.5M$472.5M$371.5M$349.0M$330.5M$319.0M$300.0M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $108.0M$83.1M$36.8M$37.7M$57.7M$34.5M$29.0M-$2.8M$2.5M$27.1M
Depreciation and amortisation $34.0M$33.1M$32.0M$33.8M$20.9M$19.3M$13.4M$12.8M$5.6M$4.6M
Stock-based compensation $15.4M$13.2M$13.3M$8.6M$8.1M$7.2M$5.7M$4.9M$4.7M$3.7M
Capital expenditure $2.6M$2.2M$4.3M$2.0M$2.3M$899.0K$9.3M$1.8M$1.8M$2.7M
Investing cash flow -$148.3M$3.0K-$4.3M-$349.5M-$21.4M-$137.0M$5.5M-$23.3M-$3.7M-$3.8M
Financing cash flow $34.6M-$89.0M-$34.5M$192.8M$62.2M$63.6M$1.1M$5.8M$3.1M$7.7M
Buybacks $6.9M$3.6M$4.3M$6.7M$2.1M$1.8M$1.1M$748.0K$938.0K$550.0K

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000854775-25-000026.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 200M 400M 600M Revenue, FY2016: 203M Gross profit, FY2016: 99.7M Net income, FY2016: 16.7M Revenue, FY2017: 181.3M Gross profit, FY2017: 87.2M Net income, FY2017: 9.4M Revenue, FY2018: 226.9M Gross profit, FY2018: 109.1M Net income, FY2018: 1.6M Revenue, FY2019: 254.2M Gross profit, FY2019: 119M Net income, FY2019: 10M Revenue, FY2020: 279.3M Gross profit, FY2020: 144M Net income, FY2020: 8.4M Revenue, FY2021: 308.6M Gross profit, FY2021: 166.7M Net income, FY2021: 10.4M Revenue, FY2022: 388.2M Gross profit, FY2022: 216.3M Net income, FY2022: 19.4M Revenue, FY2023: 444.8M Gross profit, FY2023: 252.2M Net income, FY2023: 24.8M Revenue, FY2024: 424M Gross profit, FY2024: 249.9M Net income, FY2024: 22.5M Revenue, FY2025: 430.2M Gross profit, FY2025: 270.7M Net income, FY2025: 40.8M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $203.0M $181.3M $226.9M $254.2M $279.3M $308.6M $388.2M $444.8M $424.0M $430.2M
Gross profit $99.7M $87.2M $109.1M $119.0M $144.0M $166.7M $216.3M $252.2M $249.9M $270.7M
Net income $16.7M $9.4M $1.6M $10.0M $8.4M $10.4M $19.4M $24.8M $22.5M $40.8M

Recent filings and events

  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Material agreement terminated An agreement that mattered has ended. Often the other half of a deal that fell through. Item 1.02
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced Item 2.02
  • Material agreement signed Item 1.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • New debt or obligation Item 2.03

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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