Digi International Inc. provides business and mission-critical Internet of Things (IoT) connectivity products, services, and solutions in the United States, Europe, the Middle East, Africa, and internationally. It operates through IoT Products & Services, and IoT Solutions segments. The company offers cellular routers for mission-critical wireless connectivity; cellular modules to embed cellular communications abilities into the products to deploy and manage intelligent and secure cellular connected products; console servers to provide secure and remote access to network equipment in data centers and at edge locations; and radio frequency products, including embedded wireless modules, off-the-shelf gateways, modems, and adapters under the Digi XBee brand. It also provides embedded system products under the Digi Connect, and ConnectCore brands; and infrastructure management products comprising serial servers, which offers serial port-to-Ethernet integration of devices into wired Ethernet networks; and universal serial bus solutions. In addition, it provides Digi Remote Manager and Lighthouse, a recurring revenue cloud-based service that offers a secure environment for customers to manage connected device deployment and network devices; SmartSense by Digi for monitoring wirelessly the temperature of food and other perishable or sensitive goods, monitoring facilities or pharmacies by tracking the completion of operating tasks by employees, and quality control and incident management in food service, healthcare, and transportation/logistics industries; and Ventus for MNaaS solutions. Further, the company provides professional services, such as site planning, implementation management, application development, and customer training; data plan subscriptions; and enhanced technical support services, as well as Digi Wireless Design Services. Digi International Inc. was incorporated in 1985 and is headquartered in Hopkins, Minnesota.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $430M | $90M | $41M | $105M | 6.4% | 1.5% | 81.3% |
| 2024 | $424M | $72M | $23M | $81M | 3.9% | -4.7% | -9.1% |
| 2023 | $445M | $84M | $25M | $32M | 4.6% | 14.6% | 27.8% |
| 2022 | $388M | $76M | $19M | $36M | 3.9% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 388.22 | 444.85 | 424.05 | 430.22 |
| Operating Revenue | - | 388.22 | 444.85 | 424.05 | 430.22 |
| Cost Of Revenue | - | 171.94 | 192.65 | 174.14 | 159.54 |
| Gross Profit | - | 216.29 | 252.20 | 249.91 | 270.68 |
| Operating Expense | - | 184.27 | 202.11 | 201.82 | 214.39 |
| Research And Development | - | 55.10 | 58.65 | 60.29 | 63.66 |
| Selling General And Administration | - | 129.17 | 143.46 | 141.53 | 150.73 |
| Total Expenses | - | 356.20 | 394.75 | 375.96 | 373.93 |
| Operating Income | - | 32.02 | 50.10 | 48.09 | 56.29 |
| Total Operating Income As Reported | - | 38.22 | 50.10 | 48.09 | 56.29 |
| EBITDA | - | 75.89 | 84.11 | 71.89 | 90.48 |
| Normalized EBITDA | - | 69.69 | 84.11 | 81.61 | 90.48 |
| EBIT | - | 38.32 | 50.15 | 38.27 | 56.24 |
| Interest Income | 0.01 | 0.01 | - | - | - |
| Interest Expense | - | 19.69 | 25.24 | 15.42 | 6.32 |
| Net Interest Income | - | -19.69 | -25.24 | -15.42 | -6.32 |
| Other Non Operating Income Expenses | - | 0.10 | 0.06 | -0.09 | -0.05 |
| Other Income Expense | - | 6.30 | 0.06 | -9.82 | -0.05 |
| Interest Income Non Operating | 0.01 | 0.01 | - | - | - |
| Interest Expense Non Operating | - | 19.69 | 25.24 | 15.42 | 6.32 |
| Net Non Operating Interest Income Expense | - | -19.69 | -25.24 | -15.42 | -6.32 |
| Pretax Income | - | 18.63 | 24.92 | 22.86 | 49.92 |
| Tax Provision | - | -0.76 | 0.15 | 0.35 | 9.11 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 1.30 | 0 | -0.15 | 0 |
| Net Income Continuous Operations | - | 19.38 | 24.77 | 22.50 | 40.80 |
| Net Income From Continuing And Discontinued Operation | - | 19.38 | 24.77 | 22.50 | 40.80 |
| Net Income From Continuing Operation Net Minority Interest | - | 19.38 | 24.77 | 22.50 | 40.80 |
| Net Income | - | 19.38 | 24.77 | 22.50 | 40.80 |
| Net Income Common Stockholders | - | 19.38 | 24.77 | 22.50 | 40.80 |
| Net Income Including Noncontrolling Interests | - | 19.38 | 24.77 | 22.50 | 40.80 |
| Normalized Income | - | 14.48 | 24.77 | 32.08 | 40.80 |
| Diluted NI Availto Com Stockholders | - | 19.38 | 24.77 | 22.50 | 40.80 |
| Basic Average Shares | - | 35.03 | 35.82 | 36.32 | 36.96 |
| Diluted Average Shares | - | 35.99 | 36.87 | 36.98 | 37.74 |
| Reconciled Depreciation | - | 37.57 | 33.96 | 33.62 | 34.24 |
| Reconciled Cost Of Revenue | - | 171.94 | 192.65 | 174.14 | 159.54 |
| Total Unusual Items | - | 6.20 | 0 | -9.72 | 0 |
| Total Unusual Items Excluding Goodwill | - | 6.20 | 0 | -9.72 | 0 |
| Special Income Charges | - | 6.20 | 0 | -9.72 | 0 |
| Other Special Charges | - | - | - | 9.72 | - |
| Restructuring And Mergern Acquisition | 5.77 | -6.20 | 0 | 0 | - |
| General And Administrative Expense | - | 58.80 | 61.78 | 58.25 | 58.89 |
| Other Gand A | - | 58.80 | 61.78 | 58.25 | 58.89 |
| Selling And Marketing Expense | - | 70.37 | 81.68 | 83.28 | 91.83 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Digi International Inc.this co. | DGII | $2.6B | 63.99↑ premium | 4.10 | 6.4% | 30.51 |
| Diebold Nixdorf, Incorporated | DBD | $2.8B | 30.12 | 2.59 | 8.6% | 10.11 |
| Q2 Holdings, Inc. | QTWO | $2.8B | 53.98 | 4.24 | 7.9% | 24.54 |
| Cohu, Inc. | COHU | $2.6B | -35.49 | 3.36 | -9.5% | -283.09 |
| Rogers Corporation | ROG | $2.6B |
| - |
| - |
| - |
| - |
| - |
| -42.10 |
| 2.18 |
| -5.2% |
| 233.34 |
| Ichor Holdings, Ltd. | ICHR | $2.5B | - | 3.73 | -8.0% | - |
| Calix, Inc. | CALX | $2.4B | 136.74 | 2.85 | 2.1% | 59.89 |
| CSG Systems International, Inc. | CSGS | $2.3B | 41.17 | 8.11 | 19.7% | 13.98 |
| Alarm.com Holdings, Inc. | ALRM | $2.2B | 16.79 | 2.62 | 15.6% | 10.13 |
| Peer Median | - | 30.12 | 3.10 | 5.0% | 13.98 | |
Historically, May has averaged the highest return (+10.0%); Sep the lowest (-4.1%).
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.5%Neutral MonthJan 2026: -0.51% | +13.4%Positive MonthFeb 2026: +13.35% | -1.3%Neutral MonthMar 2026: -1.27% | +16.3%Positive MonthApr 2026: +16.27% | +19.2%Positive MonthMay 2026: +19.20% | +12.2%Positive MonthJun 2026: +12.20% | -7.0%Negative MonthJul 2026: -6.98% | +9.1%*Positive MonthAug 2026: +9.14% | — | — | — | — |
| 2025 | +3.4%Positive MonthJan 2025: +3.37% | -2.3%Negative MonthFeb 2025: -2.27% | -8.9%Negative MonthMar 2025: -8.87% | -2.3%Negative MonthApr 2025: -2.26% | +19.2%Positive MonthMay 2025: +19.15% | +7.6%Positive MonthJun 2025: +7.56% | -6.5%Negative MonthJul 2025: -6.45% | +6.5%Positive MonthAug 2025: +6.47% | +5.0%Positive MonthSep 2025: +5.01% | +0.6%Neutral MonthOct 2025: +0.60% | +14.0%Positive MonthNov 2025: +14.04% | +3.5%Positive MonthDec 2025: +3.49% |
| 2024 | -6.5%Negative MonthJan 2024: -6.50% | +21.6%Positive MonthFeb 2024: +21.60% | +8.0%Positive MonthMar 2024: +8.02% | -4.0%Negative MonthApr 2024: -3.98% | -20.5%Negative MonthMay 2024: -20.55% | -5.9%Negative MonthJun 2024: -5.87% | +19.1%Positive MonthJul 2024: +19.06% | +7.9%Positive MonthAug 2024: +7.91% | -6.6%Negative MonthSep 2024: -6.55% | +5.2%Positive MonthOct 2024: +5.23% | +14.7%Positive MonthNov 2024: +14.67% | -9.0%Negative MonthDec 2024: -9.00% |
| 2023 | -7.0%Negative MonthJan 2023: -7.00% | -1.8%Neutral MonthFeb 2023: -1.82% | +0.9%Neutral MonthMar 2023: +0.93% | -10.5%Negative MonthApr 2023: -10.45% | +19.2%Positive MonthMay 2023: +19.20% | +9.6%Positive MonthJun 2023: +9.57% | +6.4%Positive MonthJul 2023: +6.45% | -20.4%Negative MonthAug 2023: -20.39% | -19.1%Negative MonthSep 2023: -19.11% | -6.7%Negative MonthOct 2023: -6.74% | -6.5%Negative MonthNov 2023: -6.51% | +10.5%Positive MonthDec 2023: +10.45% |
| 2022 | -9.1%Negative MonthJan 2022: -9.08% | -10.1%Negative MonthFeb 2022: -10.12% | +7.2%Positive MonthMar 2022: +7.17% | -12.1%Negative MonthApr 2022: -12.08% | +16.8%Positive MonthMay 2022: +16.81% | +9.6%Positive MonthJun 2022: +9.59% | +17.6%Positive MonthJul 2022: +17.63% | +16.2%Positive MonthAug 2022: +16.22% | +4.4%Positive MonthSep 2022: +4.41% | +16.7%Positive MonthOct 2022: +16.66% | +5.3%Positive MonthNov 2022: +5.31% | -13.9%Negative MonthDec 2022: -13.94% |
| 2021 | — | — | — | — | +6.1%Positive MonthMay 2021: +6.10% | +6.1%Positive MonthJun 2021: +6.07% | +2.8%Positive MonthJul 2021: +2.83% | +6.3%Positive MonthAug 2021: +6.29% | -4.4%Negative MonthSep 2021: -4.37% | +2.5%Positive MonthOct 2021: +2.52% | -0.1%Neutral MonthNov 2021: -0.09% | +14.1%Positive MonthDec 2021: +14.12% |
| Avg±SD |
Each cell is the percentage change in closing price from the end of the prior month to the end of this month. The bottom row shows the average return for that calendar month across the selected years, plus or minus one standard deviation — the range that historically contained roughly two-thirds of outcomes. Past monthly patterns are not a forecast of future returns.
This aggregates every month by calendar position — all Januaries together, all Februaries together, and so on — to show whether a given month has leaned positive or negative historically. ‘Simple’ counts each month as +1 or −1. ‘Weighted’ gives larger moves more influence: +2 above +10%, −2 below −10%. With only 6 years of history for this asset, each month’s score reflects a small number of observations — read it as a historical tendency, not a reliable seasonal pattern.
This tracks a running tally across the asset’s full price history: each month adds or subtracts based on whether it was positive or negative. A rising line means more positive months than negative so far; a flattening or falling line means recent months have leaned negative. This measures historical month-to-month consistency, not expected future performance.
Year-to-date return is calculated by dividing each day’s closing price by the price on January 1st of that year (or the asset’s first available price if it began trading mid-year). The custom average line shows the mean YTD return at each calendar day across the selected years. The standard deviation band shows the range within which returns have historically fallen — at 1 SD, roughly two-thirds of years; at 2 SD, roughly 95%. Past year-to-date patterns do not predict future returns. The average and standard deviation band are computed from the year set chosen in “Average from”, which is independent of which year lines are displayed. The current in-progress year is excluded from these calculations, since a partial year is not comparable to complete ones. Election-cycle groupings follow the US presidential calendar and are offered only for US and crypto assets.