DIGI INTERNATIONAL INC

Listed Company

DGIICIK 0000854775NasdaqLarge AcceleratedComputer Communications EquipmentDelawareFY ends Sep 30

Period

FY 2025

Revenue

$430.22M

Net Income

$40.80M

Total Assets

$922.65M

Equity

$636.08M

Shares Out

37.61M

Op. Cash Flow

$107.96M

Business

DIGI INTERNATIONAL INC provides business and mission-critical Internet of Things (IoT) connectivity products, services and solutions that enable customers to deploy, monitor and manage secure, reliable communications infrastructures. It offers hardware and software including embedded and wireless modules, cellular routers, console servers, RF and embedded system products, infrastructure management devices, device management platforms, cloud services and professional services. The company operates two reportable segments: IoT Products & Services and IoT Solutions (SmartSense by Digi, Jolt and Ventus). Its offerings are sold globally through distributors, systems integrators, VARs and a dedicated direct sales organization.

Summary from filing dated 2025-11-21

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Revenue	430	424	445	388	309
Amortization	4	4	4	5	4
Total cost of sales	160	174	193	172	142
Gross profit	271	250	252	216	167
Sales and marketing	92	83	82	70	62
Research and development	64	60	59	55	47
General and administrative	59	58	62	59	42
Total operating expenses	214	202	202	178	156
Operating income	56	48	50	38	11
Interest expense, net	−6	−15	−25	−20	−1
Other (expense) income, net	−54,000	−94,000	59,000	98,000	−144,000
Total other expense, net	−6	−25	−25	−20	−2
Income before income taxes	50	23	25	19	9
Income tax expense	9	353,000	148,000	−755,000	−1
Net income	41	23	25	19	10
Basic	1.1	0.62	0.69	0.55	0.32
Diluted	1.08	0.61	0.67	0.54	0.31
Basic (shares)	37	36	36	35	32
Diluted (shares)	38	37	37	36	33
Deferred Debt Issuance Cost, Writeoff	0	−10	0	0	—

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Cash and cash equivalents	22	28	32	35	152
Accounts receivable, net	63	70	56	50	44
Inventories	39	53	74	73	44
Deferred tax assets, current	2	173,000	0	4	3
Prepaid expenses and other current assets	5	4	4	4	4
Total current assets	131	154	166	166	247
Property, equipment and improvements, net	34	35	29	28	12
Identifiable intangible assets, net	351	253	277	302	118
Goodwill	393	343	342	340	226
Deferred tax assets, noncurrent	5	16	5	0	—
Operating lease right-of-use assets	8	10	13	15	16
Other non-current assets	804,000	4	4	2	2
Total assets	923	815	836	854	620
Current portion of long-term debt	0	0	16	16	0
Accounts payable	36	24	17	32	23
Taxes Payable	522,000	3	1	96,000	—
Accrued compensation	16	14	16	15	13
Unearned revenue	41	31	25	20	14
Current portion of operating lease liabilities	3	3	3	3	3
Other current liabilities	11	16	7	11	7
Total current liabilities	108	89	86	97	59
Income taxes payable	3	3	2	2	2
Deferred tax liabilities	164,000	1	2	10	13
Long-term Debt	159	123	188	222	46
Operating lease liabilities	9	11	14	17	18
Other non-current liabilities	8	6	3	4	8
Total liabilities	287	234	295	352	147
Commitments and Contingencies (see Note 13)	—	—	—	—	—
Preferred stock, $.01 par value; 2,000,000 shares authorized; none issued and outstanding	0	0	0	0	0
Common stock, $.01 par value; 60,000,000 shares authorized; 43,641,997 and 42,996,725 shares issued	436,000	430,000	425,000	420,000	407,000
Additional paid-in capital	437	420	404	385	371
Retained earnings	288	247	225	200	181
Accumulated other comprehensive loss	−24	−24	−27	−26	−23
Treasury stock, at cost, 6,471,074 and 6,449,364 shares	−66	−63	−62	−58	−57
Total stockholders equity	636	581	540	502	473
Total liabilities and stockholders equity	923	815	836	854	620

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Depreciation of property, equipment and improvements	12	9	7	7	4
Amortization	22	25	27	31	17
Stock-based compensation expense	15	13	13	9	8
Deferred income tax provision	−7	−12	−13	−3	−5
Litigation Settlement, Fee Expense	0	6	0	0	—
Other, net	42,000	−2	−806,000	−188,000	131,000
Accounts receivable	8	−14	−6	−114,000	11
Inventories	8	9	−5	−34	6
Other assets	3	−107,000	−1	−545,000	−2
Income taxes	−3	2	4	−1	165,000
Accounts payable	10	6	−16	7	−6
Accrued expenses	−516,000	8	2	11	4
Net cash provided by operating activities	108	83	37	38	58
Acquisition of businesses, net of cash acquired	−146	0	0	−348	−19
Purchase of property, equipment, improvements and certain other intangible assets	−3	−2	−4	−2	−2
Proceeds from Sale of Intangible Assets	0	2	0	0	—
Net cash (used in) provided by investing activities	−148	3,000	−4	−350	−21
Proceeds from long-term debt	150	214	0	350	617,000
Payments on long-term debt	−114	−305	−36	−148	−16
Proceeds from stock option plan transactions	4	3	4	10	9
Proceeds from employee stock purchase plan transactions	2	2	2	2	1
Taxes paid for net share settlement of share-based payment awards	−7	−4	−4	−7	−2
Net cash provided by (used in) financing activities	35	−89	−35	193	62
Effect of exchange rate changes on cash and cash equivalents	141,000	2	−1	1	297,000
Net decrease in cash and cash equivalents	−6	−4	−3	−118	98
Interest paid	6	15	26	14	917,000
Income taxes paid, net	18	7	9	4	4
Accrual for property, equipment, improvements and certain other intangibles assets	−793,000	−164,000	−277,000	−191,000	−98,000
Transfer of inventory to property, equipment and improvements	−8	−12	−4	−6	−2

Filings

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