Digi International (DGII) financial statements
Digi International reported revenue of $430M in fiscal 2025, up 8.7% a year over 9 years.
Net income was $41M and the operating margin 13.1%, against 8.4% in 2016.
Free cash flow was $105M, and the company returned $7M in net buybacks.
The diluted share count rose 43% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Digi International's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $203M | $181M | $227M | $254M | $279M | $309M | $388M | $445M | $424M | $430M |
| Cost of revenue | $103M | $94M | $118M | $135M | $135M | $142M | $172M | $193M | $174M | $160M |
| Gross profit | $100M | $87M | $109M | $119M | $144M | $167M | $216M | $252M | $250M | $271M |
| Research and development | $31M | $29M | $33M | $38M | $44M | $47M | $55M | $59M | $60M | $64M |
| Selling, general and admin | $51M | $47M | $73M | $71M | $89M | $104M | $129M | $143M | $142M | $151M |
| Operating income | $17M | $9M | $3M | $10M | $11M | $11M | $38M | $50M | $48M | $56M |
| Interest expense | $291,000 | $48,000 | $25,000 | $102,000 | $4M | $1M | $20M | $25M | $15M | $6M |
| Pre-tax income | $17M | $10M | $3M | $11M | $7M | $9M | $19M | $25M | $23M | $50M |
| Income tax | $3M | $147,000 | $2M | $1M | -$948,000 | -$1M | -$755,000 | $148,000 | $353,000 | $9M |
| Net income | $17M | $9M | $2M | $10M | $8M | $10M | $19M | $25M | $23M | $41M |
| EPS (diluted) | $0.64 | $0.35 | $0.06 | $0.35 | $0.28 | $0.31 | $0.54 | $0.67 | $0.61 | $1.08 |
| Diluted shares | 26M | 27M | 28M | 29M | 30M | 33M | 36M | 37M | 37M | 38M |
| Gross margin | 49.1% | 48.1% | 48.1% | 46.8% | 51.6% | 54.0% | 55.7% | 56.7% | 58.9% | 62.9% |
| Operating margin | 8.4% | 4.9% | 1.2% | 4.0% | 4.1% | 3.4% | 9.8% | 11.3% | 11.3% | 13.1% |
| Net margin | 8.2% | 5.2% | 0.7% | 3.9% | 3.0% | 3.4% | 5.0% | 5.6% | 5.3% | 9.5% |
Balance sheet
Fiscal years, from Digi International's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $134M | $110M | $63M | $93M | $54M | $152M | $35M | $32M | $28M | $22M |
| Receivables | $29M | $29M | $50M | $56M | $59M | $44M | $50M | $56M | $70M | $63M |
| Inventory | $26M | $30M | $42M | $40M | $52M | $44M | $73M | $74M | $53M | $39M |
| Total current assets | $196M | $174M | $162M | $193M | $170M | $247M | $166M | $166M | $154M | $131M |
| Property, plant and equipment | $14M | $13M | $8M | $14M | $12M | $12M | $28M | $29M | $35M | $34M |
| Goodwill | $109M | $132M | $155M | $153M | $210M | $226M | $340M | $342M | $343M | $393M |
| Total assets | $336M | $345M | $372M | $399M | $529M | $620M | $854M | $836M | $815M | $923M |
| Total current liabilities | $24M | $18M | $36M | $44M | $61M | $59M | $97M | $86M | $89M | $108M |
| Long-term debt | — | — | — | — | $59M | $46M | $222M | $188M | $123M | $159M |
| Total liabilities | $36M | $26M | $42M | $50M | $157M | $147M | $352M | $295M | $234M | $287M |
| Shareholders' equity | $300M | $319M | $330M | $349M | $372M | $473M | $502M | $540M | $581M | $636M |
| Net debt | -$76M | -$78M | -$58M | -$93M | $7M | -$107M | $203M | $172M | $96M | $137M |
Cash flow
Fiscal years, from Digi International's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $27M | $2M | -$3M | $29M | $34M | $58M | $38M | $37M | $83M | $108M |
| Capital spending | $3M | $2M | $2M | $9M | $899,000 | $2M | $2M | $4M | $2M | $3M |
| Free cash flow | $24M | $702,000 | -$5M | $20M | $34M | $55M | $36M | $32M | $81M | $105M |
| Stock-based compensation | $4M | $5M | $5M | $6M | $7M | $8M | $9M | $13M | $13M | $15M |
| Share buybacks (net) | -$550,000 | -$938,000 | -$748,000 | -$1M | -$2M | -$2M | -$7M | -$4M | -$4M | -$7M |
| Net borrowing | — | — | $0 | $0 | $63M | -$15M | $202M | -$36M | -$91M | $36M |
| Free cash flow margin | 12.0% | 0.4% | -2.0% | 7.7% | 12.0% | 18.0% | 9.2% | 7.3% | 19.1% | 24.5% |
Questions
What was Digi International's revenue in 2025?
$430M in fiscal 2025, from its 10-K filing.
How much free cash flow does Digi International generate?
$105M in fiscal 2025 (operating cash flow minus capital spending).
From Digi International's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.