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Digi International Inc (DGII) stock

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NASDAQ: DGII Nasdaq Communications Equipment Next results ~November 11, 2026

B Fundamentals grade

Digi International Inc is a US-listed company in the communications equipment industry. Its financial year ends in September.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$68

Cash-flow model

Base case. Range ~$50–$90 across our lower- and higher-growth cases (4.3%–14.3% a year).

Price vs value

Modestly overvalued

The price is inside our value range, 6% above our base value.

Price used: $71.83, November 2, 2026

Digi International Inc valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 5 selling0 purchases and 14 sales by directors and officers, last 12 monthsInsider trades
  • Funds135 adding, 122 cuttingOf 38 active managers that changed their stake, 19 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Digi International files

Where Digi International stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $506m, up 20.3% on a year earlier, faster than the 13.5% growth a quarter earlier. Free-cash-flow margin rose to 26.9% from 24.5% a year earlier. The diluted share count is up 2.3% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades B. It passes 5 of our 7 financial-health checks. Our cash-flow model value is $66.50 a share, against a share price of $78.90. At that price, our model says the market is pricing in about 12.2% a year of cash-flow growth for five years, close to the 10.4% a year revenue growth it has delivered.

Source: 10-Q filed August 5, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 11, 2026 (estimated)

Digi International Inc's trailing-twelve-month revenue grew 20.3% year on year, with a free-cash-flow margin of 26.9%. Where it stands out: free-cash-flow margin of 26.9% ranks 5 of 38 communications equipment companies we cover.

Our discounted-cash-flow model values the business at ~$68 per share in the base case (~$50–$90 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Revenue growth accelerating: TTM revenue growth rose to 20.3% (+6.8pp vs the prior quarter).

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 20.3% over the last 12 months, against a median of 11.3% for communications equipment companies we cover.
  • Growth speeding up. The growth rate is 6.8 points higher than a quarter earlier.
  • Strong cash generation. 26.9% of revenue turned into free cash flow, against a median of 8.2% for communications equipment companies we cover.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.
  • Estimates rising. Analysts' consensus for next year's earnings per share has risen 11.9% over 90 days.

Things to watch

  • Results due soon. Results are expected around 11 November; the share price can move sharply on the day.
  • Share dilution. Diluted shares rose 2.3% in a year.
  • High earnings multiple. The shares trade at 57 times the last 12 months' earnings, so expectations are demanding.
  • Insiders selling. 5 insiders sold $11M of stock over the past 365 days and none bought (0% under pre-set trading plans).
  • Short interest rising. Shares sold short rose 18% in a month to 7.3% of tradable shares.

Latest results: FY2026 Q3

Filed August 5, 2026
Earnings per share
$0.75 against an average estimate of $0.66: beat by 13.0%
Revenue
$139m, up 29.0% on a year earlier
Share reaction
+15.1% in the first session after the results on August 5, 2026, against -0.4% for the S&P 500
Guidance given
ARR growth growth 27% (fiscal 2026); revenue $529m to $533m (fiscal 2026)
Next report
November 11, 2026; average EPS estimate $0.76

Digi International's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-1.3%
  • 1 week-5.8%
  • 1 month-5.0%
  • This year+65.9%
  • 1 year+95.8%
  • 5 years+210.5%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$506M
Operating margin
13.9%
Net margin
9.6%
EPS (TTM, diluted)
$1.27

Growth

Revenue growth
+20.3%
Change in growth rate
+6.8 pts
Share count change
+2.3%

Cash

Free cash flow (TTM)
$136M
FCF margin
26.9%
Stock pay % of revenue
3.4%

Earnings

Last results
August 5, 2026
Next results (est.)
November 11, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Agreement
  2. Results
  3. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Digi International Inc valuation models and calculator

What the price is pricing in

The share price implies about 11.0% a year of cash-flow growth for five years.That is close to the 10.4% a year revenue growth Digi International has delivered.

  • Priced in11.0%
  • Last 12 months20.3%
  • 3 years a year4.9%
  • 5 years a year10.4%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($73.55, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Hold12-month view
12-month price target
~$68
Price used
$73.55close November 3, 2026
Implied change
▼ 8%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Digi International Inc's free cash flow after stock-based pay with after-tax interest added back ($106M, FY2026 Q3 TTM), growing 11.2% and 9.1% in the next two years (forecasts, guidance and its record), then back to 9.3% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$50–~$90 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Digi International Inc's free cash flow after stock-based pay ( $106M, FY2026 Q3 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Digi International Inc as an operating company, with every model that fits that kind of business. Cost of equity 10.6%: the 10-year Treasury yield (4.9%) plus a beta of 1.25 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$68 ~$50–$90 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$48 ~$38–$63 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$8.3 ~$5.5–$13 Left out: out of range vs price (0.12x)
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$5.3 ~$4.6–$6.0 Left out: out of range vs price (0.07x)
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$61 ~$48–$68 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Digi International Inc with Communications Equipment in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −24%
  • Revenue growth 5 points higher ▲ +31%
  • Free-cash-flow margin 1 point lower ▼ −4%
  • Last year's free-cash-flow margin change, if it persists ▲ +9%
  • Discount rate 1 point higher ▼ −16%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $37$51$70$95$127$168
8.5% $28$38$52$69$92$122
10% $22$30$41$54$72$94

Valuation multiples over time Market data may be delayed

At fiscal year end 2016201720182019202020212022202320242025Now
Share price$11.40$10.60$13.45$13.62$15.63$21.02$34.57$27.00$27.53$36.46$71.83
Market value$300m$287m$372m$389m$462m$702m$1.2bn$995m$1.0bn$1.4bn$2.8bn
+ Net debt (− = net cash)−$76m−$78m−$58m−$93m$9m−$104m$215m$182m$97m$138m$80m
Enterprise value$224m$209m$314m$296m$471m$598m$1.5bn$1.2bn$1.1bn$1.5bn$2.8bn
Multiples
Price / sales 1.5x1.6x1.6x1.5x1.7x2.3x3.2x2.2x2.4x3.2x5.5x
Price / earnings 18.0x30.5xn/m39.1x54.9x67.7x64.2x40.2x45.2x33.7x56.7x
Price / free cash flow 12.3xn/m—19.8x13.8x12.7x34.8x30.7x12.6x13.1x20.3x
EV / EBITDA 10.3x14.5x20.2x12.6x15.4x19.0x20.3x14.3x13.7x16.8x26.9x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

54 /100

Moderate moat

How hard Digi International's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 15 / 20

    Cash operating profit has been a median 11.5% of total assets over 10 years.

  • Pricing power 15 / 20

    Gross margin has been a median 54.3%, moving by 5.6 percentage points (standard deviation) across 10 years.

  • Durability 7 / 20

    Operating margin has been a median 6.0%; its worst year was 2.6%.

  • Cash conversion 14 / 20

    Free cash flow was positive in 9 of 10 years, at a median 10.3% of revenue.

  • Discipline 9 / 20

    The diluted share count rose 21.6% over five years; stock-based pay has been a median 2.6% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (59 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 11, 2026, after the close. Analysts expect revenue of $140m and EPS of $0.76 (range $0.75 to $0.77) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $2.69 +28% $532m +24%
Next $3.13 +16% $579m +9%

Next year's EPS estimate has moved +11.9% in 90 days, across 5 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +8.7% on 90 days ago. In the last 30 days, 3 analysts raised Digi International Inc's forecast and 0 cut it.

Consensus EPS forecast Digi International Inc, last 90 days
$2.40 $2.60 $2.80 $3.00 $3.20 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $2.48 Current fiscal year, 60 days ago: $2.48 Current fiscal year, 30 days ago: $2.69 Current fiscal year, 7 days ago: $2.69 Current fiscal year, Now: $2.69 $2.69 Next fiscal year, 90 days ago: $2.80 Next fiscal year, 60 days ago: $2.80 Next fiscal year, 30 days ago: $3.13 Next fiscal year, 7 days ago: $3.13 Next fiscal year, Now: $3.13 $3.13

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $2.48$2.80
60 days ago $2.48$2.80
30 days ago $2.69$3.13
7 days ago $2.69$3.13
Now $2.69$3.13

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.66 $0.75 +13.0%
Mar 2026 $0.58 $0.62 +7.2%
Dec 2025 $0.55 $0.56 +2.1%
Sept 2025 $0.51 $0.56 +10.2%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 5, 2026
  • Revenue fiscal 2026 $529m to $533m Raised
    “Revenue is estimated to be $529 million to $533 million for fiscal 2026, representing growth of 23-24% versus fiscal 2025, up from our prior guidance of growth of 20-22%.” source
  • Revenue growth fiscal 2026 23% growth to 24% growth Raised
    “Revenue is estimated to be $529 million to $533 million for fiscal 2026, representing growth of 23-24% versus fiscal 2025, up from our prior guidance of growth of 20-22%.” source
  • Revenue fourth fiscal quarter $138m to $142m
    “For the fourth fiscal quarter, revenues are estimated to be $138 million to $142 million.” source
  • Adjusted net income per diluted share fourth fiscal quarter $0.75 to $0.78 Non-GAAP
    “Adjusted net income per diluted share is anticipated to be between $0.75 and $0.78 per diluted share, assuming a weighted average diluted share count of 39.1 million.” source
  • ARR growth fiscal 2026 about 27% growth Raised
    “For fiscal 2026, we now anticipate ARR growth of at least 27% versus fiscal 2025, up from our prior guidance of growth of 25%.” source
  • Adjusted EBITDA fiscal 2026 $146m to $148m Non-GAAP Raised
    “Adjusted EBITDA is estimated to be $146.0 million to $147.5 million, representing growth of 35-36% versus fiscal 2025, up from our prior guidance of growth of 23-26%.” source
Show 2 more items
  • Adjusted EBITDA growth fiscal 2026 35% growth to 36% growth Non-GAAP Raised
    “Adjusted EBITDA is estimated to be $146.0 million to $147.5 million, representing growth of 35-36% versus fiscal 2025, up from our prior guidance of growth of 23-26%.” source
  • Adjusted EBITDA fourth fiscal quarter $40m to $41.5m Non-GAAP
    “Adjusted EBITDA is estimated to be between $40.0 and $41.5 million.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Digi International Inc's revenue by +11.2% next year and +9.1% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+12.0%, weight 51%) , management guidance (+11.8%, weight 21%) and the company's own record (+9.3%, weight 28%) . How the weights are set.

Analyst recommendations

5 analysts, Oct 2026
Buy480%
Hold120%
Sell00%

Monthly trend

  1. Oct 2026415
  2. Sep 2026415
  3. Aug 2026415

Counts of recommendations published by analysts covering Digi International Inc, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
7.3%
of tradable shares
Days to cover
5.02
at average volume
Short interest, 1 month
+18%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
2.8%
of shares
Employees
913
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +95.8%

$36.68 on October 31, 2025 to $71.83

ThenNowEffect
Revenue (last 12 months) $421m $506m +20.3%
Net margin 10.1% 9.6% −5.1%
P/E multiple 32.3x 56.7x +75.5%
Share count 38m 38m −2.3%

Biggest factor: p/e multiple.

Last 3 years +185.3%

$25.18 on November 3, 2023 to $71.83

ThenNowEffect
Revenue (last 12 months) $438m $506m +15.5%
Net margin 6.8% 9.6% +42.5%
P/E multiple 31.3x 56.7x +81.3%
Share count 37m 38m −4.3%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
DGII+30%+49%−29%+16%+43%+66%
Industry peers (median)+17%−18%−12%+33%+1%−6%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
DGII58%67%42%50%67%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
DGII−32%−27%−49%−33%−35%−22%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 66% from December 19, 2019 to March 19, 2020. Getting back needed a 192% gain, reached on December 10, 2020, 266 days after the low.

Price behaviour

52-week range
$35.40 – $85.24
From 52-week high
−15.7%
vs 50-day average
−2.5%
vs 200-day average
+13.7%
Volatility (1 year)
41%
Beta vs S&P 500
1.47

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
8 up, 4 down
typical move ±9.8%
After a week
10 up, 2 down
typical move ±11.5%
After a month
9 up, 3 down
typical move ±12.3%
Results releasedNext dayS&P 500 next day5 days21 days
August 5, 2026 +15.1% −0.4% +18.2% −2.6%
May 6, 2026 +6.1% +1.1% +11.8% +12.9%
February 4, 2026 −0.4% −1.7% +3.4% +8.8%
November 12, 2025 +8.0% −1.6% +11.5% +27.5%
August 6, 2025 +1.7% +0.7% +10.1% +9.9%
May 7, 2025 +14.4% +1.1% +18.9% +22.1%
February 5, 2025 +17.4% +0.8% +13.3% −4.9%
November 13, 2024 −2.9% −0.6% −3.3% +1.7%
August 7, 2024 +17.9% +1.6% +17.5% +16.0%
May 1, 2024 −16.8% +0.6% −13.9% −20.5%
January 31, 2024 +10.0% −0.3% +14.3% +18.6%
November 9, 2023 −7.1% +0.8% +1.9% +2.5%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Digi International Inc’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: fundamentals grade B (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: no liquid put and call pair for the same expiry.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Digi International Inc in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Digi International Inc
$400M $450M $500M $550M FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $444.8M Revenue (TTM), FY24 Q1: $441.6M Revenue (TTM), FY24 Q2: $438.2M Revenue (TTM), FY24 Q3: $431.2M Revenue (TTM), FY24 Q4: $424M Revenue (TTM), FY25 Q1: $421.8M Revenue (TTM), FY25 Q2: $418.6M Revenue (TTM), FY25 Q3: $420.9M Revenue (TTM), FY25 Q4: $430.2M Revenue (TTM), FY26 Q1: $448.8M Revenue (TTM), FY26 Q2: $475.1M Revenue (TTM), FY26 Q3: $506.2M $506.2M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $444.8M
FY24 Q1 $441.6M
FY24 Q2 $438.2M
FY24 Q3 $431.2M
FY24 Q4 $424M
FY25 Q1 $421.8M
FY25 Q2 $418.6M
FY25 Q3 $420.9M
FY25 Q4 $430.2M
FY26 Q1 $448.8M
FY26 Q2 $475.1M
FY26 Q3 $506.2M
Revenue growth, TTM YoY Digi International Inc
-10% 0% 10% 20% 30% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 14.6% Revenue growth, TTM YoY, FY24 Q1: 6.9% Revenue growth, TTM YoY, FY24 Q2: 2.0% Revenue growth, TTM YoY, FY24 Q3: -1.7% Revenue growth, TTM YoY, FY24 Q4: -4.7% Revenue growth, TTM YoY, FY25 Q1: -4.5% Revenue growth, TTM YoY, FY25 Q2: -4.5% Revenue growth, TTM YoY, FY25 Q3: -2.4% Revenue growth, TTM YoY, FY25 Q4: 1.5% Revenue growth, TTM YoY, FY26 Q1: 6.4% Revenue growth, TTM YoY, FY26 Q2: 13.5% Revenue growth, TTM YoY, FY26 Q3: 20.3% 20.3%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 14.6%
FY24 Q1 6.9%
FY24 Q2 2.0%
FY24 Q3 -1.7%
FY24 Q4 -4.7%
FY25 Q1 -4.5%
FY25 Q2 -4.5%
FY25 Q3 -2.4%
FY25 Q4 1.5%
FY26 Q1 6.4%
FY26 Q2 13.5%
FY26 Q3 20.3%
Operating margin (TTM) Digi International Inc
10% 11% 12% 13% 14% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 11.3% Operating margin (TTM), FY24 Q1: 11.4% Operating margin (TTM), FY24 Q2: 10.6% Operating margin (TTM), FY24 Q3: 10.8% Operating margin (TTM), FY24 Q4: 11.3% Operating margin (TTM), FY25 Q1: 11.7% Operating margin (TTM), FY25 Q2: 13.1% Operating margin (TTM), FY25 Q3: 13.5% Operating margin (TTM), FY25 Q4: 13.1% Operating margin (TTM), FY26 Q1: 13.2% Operating margin (TTM), FY26 Q2: 13.2% Operating margin (TTM), FY26 Q3: 13.9% 13.9%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 11.3%
FY24 Q1 11.4%
FY24 Q2 10.6%
FY24 Q3 10.8%
FY24 Q4 11.3%
FY25 Q1 11.7%
FY25 Q2 13.1%
FY25 Q3 13.5%
FY25 Q4 13.1%
FY26 Q1 13.2%
FY26 Q2 13.2%
FY26 Q3 13.9%
FCF margin (TTM) Digi International Inc
0% 10% 20% 30% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 7.3% FCF margin (TTM), FY24 Q1: 11.1% FCF margin (TTM), FY24 Q2: 12.9% FCF margin (TTM), FY24 Q3: 14.8% FCF margin (TTM), FY24 Q4: 19.1% FCF margin (TTM), FY25 Q1: 21.7% FCF margin (TTM), FY25 Q2: 25.0% FCF margin (TTM), FY25 Q3: 24.5% FCF margin (TTM), FY25 Q4: 24.5% FCF margin (TTM), FY26 Q1: 24.8% FCF margin (TTM), FY26 Q2: 26.6% FCF margin (TTM), FY26 Q3: 26.9% 26.9%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 7.3%
FY24 Q1 11.1%
FY24 Q2 12.9%
FY24 Q3 14.8%
FY24 Q4 19.1%
FY25 Q1 21.7%
FY25 Q2 25.0%
FY25 Q3 24.5%
FY25 Q4 24.5%
FY26 Q1 24.8%
FY26 Q2 26.6%
FY26 Q3 26.9%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Digi International took in during FY2025, followed through to profit: what it cost to make, what went on research and running the business, and what was left after tax.

  1. Revenue $430M
  2. Cost of revenue $160M · 37.1%
  3. Gross profit $271M · 62.9%
  4. Research and development $63.7M · 14.8%
  5. Selling, general and admin $151M · 35.0%
  6. Operating income $56.3M · 13.1%
  7. Income tax $9.1M · 2.1%
  8. Interest and other $6.4M · 1.5%
  9. Net income $40.8M · 9.5%

Shares of revenue. Source: Digi International's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Sept 2009 2010 Sept 2010 2011 Sept 2011 2012 Sept 2012 2013 Sept 2013 2014 Sept 2014 2015 Sept 2015 2016 Sept 2016 2017 Sept 2017 2018 Sept 2018 2019 Sept 2019 2020 Sept 2020 2021 Sept 2021 2022 Sept 2022 2023 Sept 2023 2024 Sept 2024 2025 Sept 2025 LTM Jun 2026
Income
Revenue 166 183 204 191 195 183 204 203 181 227 254 279 309 388 445 424 430 506
Gross profit 81 92 107 100 100 90 97 100 87 109 119 144 167 216 252 250 271 323
EBITDA 6 13 20 14 11 8 16 22 14 16 23 31 31 72 82 81 90 106
Operating income 3 10 17 11 8 4 11 17 9 3 10 11 11 38 50 48 56 71
Net income 4 9 11 8 6 2 7 17 9 2 10 8 10 19 25 23 41 49
Diluted EPS $0.16 $0.36 $0.43 $0.29 $0.22 $0.07 $0.26 $0.64 $0.35 $0.06 $0.35 $0.28 $0.31 $0.54 $0.67 $0.61 $1.08 $1.27
Growth (year on year)
Revenue — +10.0% +11.8% −6.7% +2.5% −6.2% +11.3% −0.4% −10.7% +25.1% +12.0% +9.9% +10.5% +25.8% +14.6% −4.7% +1.5% +20.3%
EBITDA — +123.0% +59.0% −29.1% −22.6% −27.8% +104.3% +33.6% −33.5% +7.9% +50.8% +30.5% +2.6% +129.5% +13.9% −1.1% +11.2% +13.9%
Operating income — — +71.2% −36.1% −30.6% −41.8% +148.1% +57.1% −48.2% −68.6% — +12.4% −7.0% +263.0% +31.1% −4.0% +17.1% +24.0%
Net income — +119.0% +23.2% −30.9% −23.8% −69.8% — +153.6% −43.7% −82.7% — −15.5% +23.2% +87.0% +27.8% −9.1% +81.3% +14.2%
Diluted EPS — +125.0% +19.4% −32.6% −24.1% −68.2% — +146.2% −45.3% −82.9% — −20.0% +10.7% +74.2% +24.1% −9.0% +77.0% +11.6%
Margins
Gross margin 49.0% 50.5% 52.2% 52.7% 51.2% 49.3% 47.6% 49.1% 48.1% 48.1% 46.8% 51.6% 54.0% 55.7% 56.7% 58.9% 62.9% 63.8%
EBITDA margin 3.4% 6.9% 9.8% 7.5% 5.6% 4.3% 8.0% 10.7% 8.0% 6.9% 9.2% 11.0% 10.2% 18.6% 18.4% 19.1% 21.0% 20.9%
Operating margin 1.9% 5.5% 8.3% 5.7% 3.9% 2.4% 5.3% 8.4% 4.9% 1.2% 4.0% 4.1% 3.4% 9.8% 11.3% 11.3% 13.1% 13.9%
Net margin 2.5% 4.9% 5.4% 4.0% 3.0% 1.0% 3.2% 8.2% 5.2% 0.7% 3.9% 3.0% 3.4% 5.0% 5.6% 5.3% 9.5% 9.6%
Free-cash-flow margin 7.1% 7.2% 9.4% 5.9% 4.5% −0.9% 4.7% 12.0% 0.4% −2.0% 7.7% 12.0% 18.0% 9.2% 7.3% 19.1% 24.5% 26.9%
Cash flow
Cash from operations 16 16 22 15 12 2 14 27 2 −3 29 34 58 38 37 83 108 138
Capital spending 4 3 3 4 3 3 5 3 2 2 9 1 2 2 4 2 3 2
Free cash flow 12 13 19 11 9 −2 10 24 1 −5 20 34 55 36 32 81 105 136
Stock-based pay 4 3 3 4 4 4 4 4 5 5 6 7 8 9 13 13 15 17
Free cash flow after stock pay 8 10 16 7 5 −6 5 21 −4 −9 14 26 47 27 19 68 90 119
Balance sheet
Cash 48 51 55 60 41 47 45 76 78 58 93 54 152 35 32 28 22 28
Total debt 0 0 0 0 0 0 0 0 0 0 0 63 48 250 214 124 160 108
Net debt (negative = net cash) −48 −51 −55 −60 −41 −47 −45 −76 −78 −58 −93 9 −104 215 182 97 138 80
Diluted shares 25m 25m 26m 26m 26m 26m 25m 26m 27m 28m 29m 30m 33m 36m 37m 37m 38m 38m
Returned to shareholders
Buybacks 7 — 0 0 14 16 2 1 1 1 1 2 2 7 4 4 7 11
Total returned 7 — 0 0 14 16 2 1 1 1 1 2 2 7 4 4 7 11

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

5 of 7 checks passed · June 30, 2026
What it owns · $964m
Short-term assets $145mLonger-term assets $819m
What it owes, and who funded it · $964m
Short-term liabilities $129mLonger-term liabilities $151mShareholders' equity $685m
  • Short-term assets cover short-term liabilities $145m of assets due within a year against $129m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $145m short-term assets against $151m of longer-dated liabilities.
  • More cash than debt $28m of cash against $108m of debt.
  • Debt below 40% of shareholders' equity Debt is 16% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 58% to 16% over five years.
  • A year's operating cash flow covers at least 20% of debt $138m of operating cash flow against $108m of debt.
  • Operating profit covers interest at least five times over Operating income of $71m against $8m of interest.

From Digi International Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$11.5M
Returned to shareholders
8%
of free cash flow
Buybacks, last 3 fiscal years
$14.8M
Diluted share count
+2.3%
year over year
Total shareholder yield
0.4%
dividends 0.0% + buybacks 0.4% of market value
R&D spending
14.6%
of revenue
Days sales outstanding
45 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in communications equipment
Last 12 months unless stated DGII GILT AVNW AAOI NTGR CRNT Median
Revenue, last 12 months $506m $452m $440m $596m $694m $339m $324m
Revenue growth, last 12 months 20.3% 47.9% 1.2% 61.8% −0.5% −14.1% 11.0%
Revenue growth, 3-year average 4.9% 24.4% 8.5% 40.9% −6.6% −2.2% 4.1%
Revenue growth, latest quarter 29.0% — 4.8% 86.4% −1.2% — 12.9%
Gross margin 63.8% 29.5% 31.5% 28.9% 40.0% 33.8% 43.7%
Operating margin 13.9% 5.2% 4.4% −11.3% −4.9% 2.1% 2.2%
Operating margin, 3-year average 12.8% 3.3% 3.9% −17.6% −2.3% 3.6% −1.4%
Net margin 9.6% 4.6% 0.6% −9.6% −3.7% −0.6% −0.0%
Cash from operations / revenue 27.3% 4.6% 3.1% −22.1% 0.5% 9.3% 9.9%
Free-cash-flow margin 26.9% 2.0% 1.4% −99.5% −2.5% 5.3% 7.7%
Free-cash-flow margin, 3-year average 22.1% −0.2% 2.2% −65.1% 9.6% −0.2% 2.2%
Stock pay / revenue 3.4% 1.9% 1.4% 2.6% 5.2% 1.2% 3.9%
Change in share count 2.3% 5.9% 1.6% 49.3% −5.3% 1.5% 1.5%

Median of all 40 companies we cover in communications equipment. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

40 communications equipment companies
Measure Company Peer median Rank
Revenue growth Growth 20.3% 11.3% 14 of 40
Change in growth rate Growth +6.8pp +2.0pp 15 of 40
Gross margin Profitability 63.8% 44.1% 10 of 36
Operating margin Profitability 13.9% 2.4% 10 of 40
Net margin Profitability 9.6% 0.6% 12 of 40
Free-cash-flow margin Cash generation 26.9% 8.2% 5 of 38
Stock pay as % of revenue Cash generation 3.4% 3.9% 17 of 37
Long-term debt as % of assets Balance sheet 11.2% 10.4% 13 of 23
Change in share count Balance sheet 2.3% 1.6% 20 of 36
Days sales outstanding Balance sheet 45 days 75 days 8 of 34

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to September 30, 2025
Segments
Line of business Revenue Share YoY
Io T Products and Services $318M 73.9% ▼ 2.0%
Io T Solutions $112M 26.1% ▲ 12.8%
Products and services
Line of business Revenue Share YoY
Products $297M 68.9% ▼ 2.6%
Services $134M 31.1% ▲ 11.8%
Geography
Region Revenue Share YoY
North America $342M 79.5% ▲ 13.0%
EMEA $62.9M 14.6% ▼ 3.1%
Otherlocations $25.4M 5.9% ▼ 55.1%

From Digi International Inc's 10-K filed November 21, 2025, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$3B
Institutions reporting
280
Shares held vs prior quarter
▲ 2.1%
Positions opened / closed
44 / 15

Top buyers and sellers, Q2 2026: 135 institutions bought and 122 sold ; the biggest buyer was Price T Rowe Associates Inc (+624K shares) and the biggest seller Conestoga Capital Advisors, LLC (−827K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $446M 5.9M 15.0% ▲ 1.2%
FMR LLC $180M 2.4M 6.0% ▲ 25.4%
Conestoga Capital Advisors, LLC $163M 2.2M 5.5% ▼ 27.5%
Earnest Partners LLC $132M 1.8M 4.4% ▼ 2.1%
State Street Corp $130M 1.7M 4.4% ▲ 8.6%
Dimensional Fund Advisors LP $124M 1.7M 4.2% ▼ 10.5%
Vanguard Portfolio Management LLC $123M 1.6M 4.1% ▲ 4.3%
Vanguard Capital Management LLC $121M 1.6M 4.0% ▲ 2.2%
Price T Rowe Associates Inc $113M 1.5M 3.8% ▲ 71.2%
Geneva Capital Management LLC $104M 1.4M 3.5% ▼ 14.1%
Bank Of America Corp $92.7M 1.2M 3.1% ▼ 7.8%
Geode Capital Management, LLC $85.7M 1.1M 2.9% ▲ 15.4%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Digi International Inc's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $11.2M 14 trades by 5 insiders · 0% under pre-set plans
Net ▼ $11.2M net selling
Insider Date Trade Shares Price Value
Loch James J. SR VP, CFO AND TREASURER June 2, 2026 Sell 2,363 $70.31 $166,143
Loch James J. SR VP, CFO AND TREASURER June 2, 2026 Sell 97,637 $69.42 $6.8M
Freeland James E. VP, Chief Information Officer May 26, 2026 Sell 450 $68.00 $30,600
Sampsell David H. VP, CORP. DEV, GC & CORP. SEC. May 13, 2026 Sell 6,376 $65.11 $415,109
Schneider Terrence G. VP, SUPPLY CHAIN May 11, 2026 Sell 14,182 $65.61 $930,481
Khanuja Satbir Director February 10, 2026 Sell 6,000 $46.00 $276,000
Sampsell David H. VP, CORP. DEV, GC & CORP. SEC. February 10, 2026 Sell 5,000 $45.74 $228,700
Freeland James E. VP, Chief Information Officer February 10, 2026 Sell 1,355 $45.84 $62,106
Sampsell David H. VP, CORP. DEV, GC & CORP. SEC. February 9, 2026 Sell 1,100 $45.04 $49,544
Sampsell David H. VP, CORP. DEV, GC & CORP. SEC. November 25, 2025 Sell 8,748 $41.52 $363,217
Schneider Terrence G. VP, SUPPLY CHAIN November 25, 2025 Sell 4,208 $41.68 $175,389
Sampsell David H. VP, CORP. DEV, GC & CORP. SEC. November 24, 2025 Sell 4,727 $40.00 $189,080

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 11, 2026 estimated from the company's past filing pattern, not announced

  • August 5, 2026
  • May 6, 2026
  • February 4, 2026
  • November 12, 2025
  • August 6, 2025
  • May 7, 2025

Recent SEC filings

Data status

When each part of this page on Digi International Inc was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Digi International Inc in brief

What does Digi International Inc do?
Digi International Inc is a US-listed company in the communications equipment industry. Its financial year ends in September.
What is Digi International Inc's stock ticker?
Digi International Inc trades under the ticker DGII on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Digi International Inc's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Digi International Inc reported revenue of $506M, 20.3% higher than a year earlier, according to its SEC filings.
What is Digi International Inc's free cash flow?
Digi International Inc's free-cash-flow margin is 26.9% of revenue over the trailing twelve months, ranking 5 of the 38 communications equipment companies we cover.
What is Digi International Inc's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Digi International Inc's free cash flow after stock-based pay gives ~$68 per share in the base case, and ~$50–$90 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Digi International Inc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., FMR LLC and Conestoga Capital Advisors, LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Digi International Inc buying back stock, and does it pay a dividend?
Digi International Inc spent $11.5M on share repurchases over the trailing twelve months, and its diluted share count still rose 2.3% over the year.
What is Digi International Inc's market cap?
On November 2, 2026, Digi International Inc's market capitalisation was about $2.8B, with a price-to-earnings ratio of 56.7 and net debt of $80.2M. Market figures come from third-party market data and may be delayed.
How much debt does Digi International Inc have?
Digi International Inc's debt-to-equity ratio is 15.8%, from its latest balance sheet (58.1% five years earlier). The financial health section below sets out its other solvency checks.
Who are Digi International Inc's competitors?
In our Communications Equipment peer group, the companies closest to Digi International Inc are Gilat Satellite Networks LTD, Aviat Networks, Inc., Applied Optoelectronics, Inc., Netgear, Inc. and Ceragon Networks LTD. The side-by-side comparison below sets their revenue, margins and growth against Digi International Inc's.
Are insiders buying or selling Digi International Inc stock?
Over the last 12 months, Digi International Inc's directors and officers reported 0 open-market purchases and 14 sales on Form 4. The insider trading page charts every trade.
When is Digi International Inc's next earnings date?
Around November 11, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Digi International Inc announces its own schedule.