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Digi International

American technology company

Digi International, Inc. is an American industrial Internet of things technology company based in Hopkins, Minnesota.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 19, 2026.

Overview

$430.2MRevenue, fiscal 20254
$40.8MNet income, fiscal 20254
1985Founded1

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  • TickerDGII on Nasdaq1
  • Industrycomputer hardware industry1
  • HeadquartersHopkins1
  • Websitewww.digi.com
  • Legal formForeign company not registered with the RCS1
  • Incorporated inDE5
  • Business address9350 Excelsior Blvd., Suite 700, Hopkins, Mn 553435
  • Filer categoryLarge accelerated filer5
Digi International Headquarters - Hopkins, MN
Photo: Msinon, CC BY 4.0, via Wikimedia Commons7

Digi International, Inc. is an American industrial Internet of things technology company based in Hopkins, Minnesota. Founded in 1985, it was 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.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

62.9%Gross margin4
13.1%Operating margin4
9.5%Net margin4
1.5%Revenue growth, 20254
6.4%Return on equity4
0.25×Debt to equity4

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Product brought in 69% of the revenue Digi International broke down this way in fiscal 2025.

  1. Product$296.6M469%down 3% from 2024
  2. Service$133.6M431%up 12% from 2024
Products and services by year
Products and services202320242025
Product$331.2M$304.5M$296.6M
Service$113.7M$119.5M$133.6M

Business segments

IoT Products and Services brought in 74% of the revenue Digi International broke down this way in fiscal 2025.

  1. IoT Products and Services$317.9M474%down 2% from 2024
  2. IoT Solutions$112.3M426%up 13% from 2024
Business segments by year
Business segments202320242025
IoT Products and Services$345.7M$324.4M$317.9M
IoT Solutions$99.2M$99.6M$112.3M

Regions

North America brought in 79% of the revenue Digi International broke down this way in fiscal 2025.

  1. North America$341.9M479%up 13% from 2024
  2. EMEA$62.9M415%down 3% from 2024
  3. Other locations$25.4M46%down 55% from 2024
Regions by year
Regions202320242025
North America$323.7M$302.5M$341.9M
EMEA$70.0M$64.9M$62.9M
Other locations$51.2M$56.7M$25.4M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue37¢$159.5M
  • Other costs50¢$214.4M
  • Interest1¢$6.3M
  • Income tax2¢$9.1M
  • Profit9¢$40.8M

Out of $430.2M in revenue.4

Where each dollar of operating cash went, fiscal 2025

  • Share buybacks6¢$6.9M
  • Kept or used elsewhere94¢$101.1M

Out of $108.0M of cash from operations.4

Financial statements

Revenue891011124$430.2M in 2025+90% since 2018
0$200.0M$400.0M$600.0M2018: $226.9M$226.9M20182019: $254.2M$254.2M2019+12%2020: $279.3M$279.3M2020+10%2021: $308.6M$308.6M2021+11%2022: $388.2M$388.2M2022+26%2023: $444.8M$444.8M2023+15%2024: $424.0M$424.0M2024−5%2025: $430.2M$430.2M2025+1%
Gross profit891011124$270.7M in 2025+148% since 2018
0$100.0M$200.0M$300.0M2018: $109.1M$109.1M20182019: $119.0M$119.0M2019+9%2020: $144.0M$144.0M2020+21%2021: $166.7M$166.7M2021+16%2022: $216.3M$216.3M2022+30%2023: $252.2M$252.2M2023+17%2024: $249.9M$249.9M2024−1%2025: $270.7M$270.7M2025+8%
Operating income891011124$56.3M in 2025+1923% since 2018
0$20.0M$40.0M$60.0M2018: $2.8M$2.8M20182019: $10.1M$10.1M2019+262%2020: $11.3M$11.3M2020+12%2021: $10.5M$10.5M2021−7%2022: $38.2M$38.2M2022+263%2023: $50.1M$50.1M2023+31%2024: $48.1M$48.1M2024−4%2025: $56.3M$56.3M2025+17%
Net income891011124$40.8M in 2025+2402% since 2018
0$20.0M$40.0M$60.0M2018: $1.6M$1.6M20182019: $10.0M$10.0M2019+511%2020: $8.4M$8.4M2020−16%2021: $10.4M$10.4M2021+23%2022: $19.4M$19.4M2022+87%2023: $24.8M$24.8M2023+28%2024: $22.5M$22.5M2024−9%2025: $40.8M$40.8M2025+81%

Every line of the income statement as filed: the last 3 fiscal years, latest first.4

Period ending2025-09-302024-09-302023-09-30
Revenue$430.2M$424.0M$444.8M
Amortization$3.9M$3.8M$4.0M
Total cost of sales$159.5M$174.1M$192.6M
Gross profit$270.7M$249.9M$252.2M
Sales and marketing$91.8M$83.3M$81.7M
Research and development$63.7M$60.3M$58.6M
General and administrative$58.9M$58.2M$61.8M
Total operating expenses$214.4M$201.8M$202.1M
Operating income$56.3M$48.1M$50.1M
Interest expense, net-$6.3M-$15.4M-$25.2M
Other (expense) income, net-$54.0K-$94.0K$59.0K
Total other expense, net-$6.4M-$25.2M-$25.2M
Income before income taxes$49.9M$22.9M$24.9M
Income tax expense$9.1M$353.0K$148.0K
Net income$40.8M$22.5M$24.8M
Basic$1.10$0.62$0.69
Diluted$1.08$0.61$0.67
Basic (shares)37.0M shares36.3M shares35.8M shares
Diluted (shares)37.7M shares37.0M shares36.9M shares
Deferred Debt Issuance Cost, Writeoff$0-$9.7M$0

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The story

The company was founded in 1985 and went public as Digi International in 1989.

The company initially offered intelligent ISA/PCI boards (the 'DigiBoard') with multiple asynchronous serial interfaces for PCs.

The company's current CEO and president, Ron Konezny, joined the company in December 2014.

Patents

Digi International settled a patent infringement lawsuit with U.S. Ethernet Innovations LLC for $1.525 million in April 2013.

In 2022, NimbeLink, a subsidiary of Airgain, filed a lawsuit alleging certain Digi products infringed on NimbeLink's Skywire cellular modems. The U.S. District Court for the District of Minnesota found all patent claims by Nimbelink to be invalid in May 2024.

From Wikipedia’s article on Digi International, shared under CC BY-SA 4.0.6

Leadership

Who has led Digi International, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (27)

Acquisitions

Since the early 1990s, Digi International has acquired numerous companies. In the 1990s, Digi acquired companies including Arnet Corp, Stargate and Milan Technologies, Lan Access, Aetherworks, Centrall Data Corp, and German-based ITK International Inc.

In 2000, Digi acquired Texas-based USB connectivity manufacturer Inside Out Networks, and phased the brand out in 2006. In 2002, the company acquired Net Silicon, a fabless manufacturer of ARM-based microprocessors.

In 2005, Digi acquired Rabbit Semiconductor, a manufacturer of Z180 based silicon, embedded modules and single-board computers. In the same year, the company acquired processor module manufacturers FS Forth-Systeme GmbH of Breisach, Germany, and Logroño, Spain-based Sistemas Embebidos S.A.

In 2006, the company acquired Wireless technology company MaxStream, for $38.8M. Two years later, in 2008, Digi acquired Cellular router manufacturer Sarian Systems Ltd. for $30.5 million. In the same year, Digi also acquired wireless technology design services company Spectrum Design Solutions Inc.

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In 2009, Digi acquired Mobiapps, a fabless manufacturer of satellite modems on the Orbcomm satellite network.

In 2012, Digi acquired Cloud computing services provider Etherios.

Digi acquired Toronto-based temperature monitoring company Bluenica in 2015. A year later, in 2016, Digi acquired FreshTemps, temperature monitoring and task management for the food industry.

In 2017, Digi acquired SMART Temps and TempAlert, two temperature and task management providers for retail, education, food service, healthcare, and industrial applications. A year later, in 2018, Digi acquired Network equipment company Accelerated Concepts.

Digi acquired Utah-based Opengear, a computer network technology company in 2019.

In 2021, Digi acquired Haxiot, a provider of wireless connection services; Ctek, a company specializing in remote monitoring and industrial controls; and Ventus Holdings, a telecommunications company.

In 2025, Digi acquired Jolt Software for $145.5 million.

In 2026, Digi acquired Particle, an IoT hardware and software company.

From Wikipedia’s article on Digi International, shared under CC BY-SA 4.0.6

Timeline

  1. Dec 18, 2014New chief executive Ronald Konezny becomes CEO17
  2. Sep 5, 2006New chief executive Joseph T. Dunsmore becomes CEO18
  3. 1985Founded Founded1

Filings

304 filings to the SEC since October 2021: 5 annual reports, 16 quarterly reports, 35 major events, 163 insider forms, 30 large holders, 55 other. The latest 20:

  1. Aug 31, 20268-K EDGAR
  2. Aug 6, 2026SCHEDULE 13G/A EDGAR
  3. Aug 5, 202610-Q EDGAR
  4. Aug 5, 20268-K EDGAR
  5. Jul 31, 2026SCHEDULE 13G EDGAR
  6. Jun 9, 20264 EDGAR
  7. Jun 4, 20264 EDGAR
  8. Jun 2, 2026144 EDGAR
  9. Jun 1, 2026SD EDGAR
  10. May 28, 20264 EDGAR
  11. May 14, 20264 EDGAR
  12. May 13, 2026144 EDGAR
  13. May 13, 20264 EDGAR
  14. May 11, 2026144 EDGAR
  15. May 8, 20264 EDGAR
  16. May 6, 202610-Q EDGAR
  17. May 6, 20268-K EDGAR
  18. Apr 9, 2026SCHEDULE 13G/A EDGAR
  19. Mar 26, 2026SCHEDULE 13G/A EDGAR
  20. Mar 5, 20268-K EDGAR

The 304 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

43 open-market trades by officers, directors and large owners since October 2021: 3 buys and 40 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jun 2, 2026Loch James J.SR VP, CFO AND TREASURERSale100,000$69.44$6.9MForm 4
May 26, 2026Freeland James E.VP, Chief Information OfficerSale450$68.00$30.6KForm 4
May 13, 2026Sampsell David H.VP, CORP. DEV, GC & CORP. SEC.Sale6,376$65.11$415.1KForm 4
May 11, 2026Schneider Terrence G.VP, SUPPLY CHAINSale14,182$65.61$930.5KForm 4
Feb 10, 2026Freeland James E.VP, Chief Information OfficerSale1,355$45.84$62.1KForm 4
Feb 10, 2026Khanuja SatbirDirectorSale6,000$46.00$276.0KForm 4
Feb 10, 2026Sampsell David H.VP, CORP. DEV, GC & CORP. SEC.Sale5,000$45.74$228.7KForm 4
Feb 9, 2026Sampsell David H.VP, CORP. DEV, GC & CORP. SEC.Sale1,100$45.04$49.5KForm 4
Nov 25, 2025Schneider Terrence G.VP, SUPPLY CHAINSale4,208$41.68$175.4KForm 4
Nov 25, 2025Sampsell David H.VP, CORP. DEV, GC & CORP. SEC.Sale8,748$41.52$363.2KForm 4
Nov 24, 2025Schneider Terrence G.VP, SUPPLY CHAINSale16,667$40.56$676.0KForm 4
Nov 24, 2025Sampsell David H.VP, CORP. DEV, GC & CORP. SEC.Sale4,727$40.00$189.1KForm 4
Nov 17, 2025Sampsell David H.VP, CORP. DEV, GC & CORP. SEC.Sale22,222$38.38$852.9KForm 4
Nov 29, 2024Schneider Terrence G.VP, SUPPLY CHAINSale2,808$33.06$92.8KForm 4
Nov 26, 2024Schneider Terrence G.VP, SUPPLY CHAINSale521$33.03$17.2KForm 4
Nov 21, 2024Khanuja SatbirDirectorSale7,000$31.76$222.3KForm 4
Nov 18, 2024Sampsell David H.VP, CORP. DEV, GC & CORP. SEC.Sale18,750$31.19$584.8KForm 4
Aug 14, 2024Naguib Hatem H.DirectorSale7,208$27.80$200.4KForm 4
Aug 31, 2023Schneider Terrence G.VP, SUPPLY CHAINSale12,500$33.47$418.4KForm 4
Aug 21, 2023Sampsell David H.VP, CORP. DEV, GC & CORP. SEC.Sale5,455$30.95$168.8KForm 4

All 43 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.5,944,312$445.5M0.0%+67,953
Fmr LLC2,403,235$180.1M0.0%+487,041
Conestoga Capital Advisors, LLC2,177,359$163.2M3.5%−827,414
Earnest Partners LLC1,763,379$132.2M0.5%−37,330
State Street Corp1,731,823$129.8M0.0%+137,688
Dimensional Fund Advisors LP1,655,777$124.1M0.0%−195,193
Vanguard Portfolio Management LLC1,641,209$123.0M0.0%+68,021
Vanguard Capital Management LLC1,607,812$120.5M0.0%+34,224
Geneva Capital Management LLC1,384,342$103.8M2.4%−228,023
Bank Of America Corp /de/1,236,563$92.7M0.0%−104,704
Geode Capital Management, LLC1,143,462$85.7M0.0%+152,985
Massachusetts Financial Services Co /ma/954,057$71.5M0.0%+410,060
Royce & Associates LP846,443$63.4M0.5%−64,047
Jpmorgan Chase & Co803,401$59.0M0.0%−19,807
New York State Common Retirement Fund647,543$48.5M0.1%+1,500
Invesco Ltd.587,011$44.0M0.0%+102,074
Northern Trust Corp490,294$36.7M0.0%+28,011
Global Alpha Capital Management Ltd.475,962$35.7M2.1%−2,812
First Eagle Investment Management, LLC406,518$30.5M0.0%+232,809
Wells Fargo & Company/mn394,849$29.6M0.0%+11,545
Sei Investments Co392,880$29.4M0.0%+734
Ameriprise Financial Inc390,333$29.3M0.0%−32,024
Charles Schwab Investment Management Inc365,408$27.4M0.0%+10,341
Wasatch Advisors LP353,177$26.5M0.2%−96,889
Morgan Stanley332,090$24.9M0.0%+43,151

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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