DIGI INTERNATIONAL INCDGIIEarnings & Financial Report
Digi International, Inc. is an American Industrial Internet of Things (IIoT) technology company based in Hopkins, Minnesota. Founded in 1985, they were best known in the early 1990s as a manufacturer of multi-line serial data serial cards for PC clones, allowing these machines to run multi-line bulletin board systems (BBSes). As this market began to wind down with the rise of the internet in the late 1990s, Digi began to concentrate on network attached devices and industrial monitoring.
Revenue
$105.2M
Gross Profit
$62.3M
Operating Profit
$12.9M
Net Profit
$9.7M
Gross Margin
59.2%
Operating Margin
12.3%
Net Margin
9.2%
YoY Growth
-6.3%
EPS
$0.26
DIGI INTERNATIONAL INC Q3 FY2024 Financial Summary
DIGI INTERNATIONAL INC reported revenue of $105.2M (down 6.3% YoY) for Q3 FY2024, with a net profit of $9.7M (up 44.2% YoY) (9.2% margin). Cost of goods sold was $42.9M, operating expenses totaled $49.4M.
Key Financial Metrics
| Total Revenue | $105.2M |
|---|---|
| Net Profit | $9.7M |
| Gross Margin | 59.2% |
| Operating Margin | 12.3% |
| Report Period | Q3 FY2024 |
Revenue Breakdown
DIGI INTERNATIONAL INC Q3 FY2024 revenue of $105.2M breaks down across 2 segments, led by Io T Productsand Services at $80.0M (76.0% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Io T Productsand Services | $80.0M | 76.0% |
| Io T Solutions | $25.2M | 24.0% |
DIGI INTERNATIONAL INC Revenue by Segment — Quarterly Trend
DIGI INTERNATIONAL INC revenue by segment across the last 4 reported quarters, showing how each business line (such as Io T Productsand Services and Io T Solutions) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Io T Productsand Services | $86.4M | — | $80.0M | $77.8M |
| Io T Solutions | $36.1M | — | $27.5M | $26.7M |
DIGI INTERNATIONAL INC Annual Revenue by Year
DIGI INTERNATIONAL INC annual revenue history includes year-by-year totals (for example, 2025 revenue was $430.2M).
| Year | Annual Revenue |
|---|---|
| 2025 | $430.2M |
| 2024 | $424.0M |
| 2023 | $444.8M |
| 2022 | $388.2M |
DIGI INTERNATIONAL INC Quarterly Revenue & Net Profit History
DIGI INTERNATIONAL INC results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $122.5M | +17.9% | $11.7M | 9.6% |
| Q4 FY2025 | $114.3M | +8.8% | $10.0M | 8.7% |
| Q3 FY2025 | $107.5M | +2.2% | $10.2M | 9.5% |
| Q2 FY2025 | $104.5M | -3.0% | $10.5M | 10.0% |
| Q1 FY2025 | $103.9M | -2.1% | $10.1M | 9.7% |
| Q4 FY2024 | $105.1M | -6.3% | $11.9M | 11.3% |
| Q3 FY2024 | $105.2M | -6.3% | $9.7M | 9.2% |
| Q2 FY2024 | $107.7M | -3.1% | $4.0M | 3.7% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $107.7M | $105.2M | $105.1M | $103.9M | $104.5M | $107.5M | $114.3M | $122.5M |
| YoY Growth | -3.1% | -6.3% | -6.3% | -2.1% | -3.0% | 2.2% | 8.8% | 17.9% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $825.3M | $820.4M | $815.1M | $796.1M | $781.0M | $770.3M | $922.6M | $918.4M |
| Liabilities | $275.7M | $257.4M | $234.0M | $205.4M | $175.8M | $148.8M | $286.6M | $269.2M |
| Equity | $549.6M | $563.1M | $581.0M | $590.7M | $605.2M | $621.5M | $636.1M | $649.2M |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $13.1M | $24.9M | $26.4M | $29.7M | $26.3M | $24.0M | $28.0M | $35.6M |