Tearsheet

Digi International (DGII)

Market Price (12/4/2025): $42.93 | Market Cap: $1.6 Bil
Sector: Information Technology | Industry: Communications Equipment

Digi International (DGII)

Market Price (12/4/2025): $42.93
Market Cap: $1.6 Bil
Sector: Information Technology
Industry: Communications Equipment

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 25%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 25%	Trading close to highs Dist 52W High is 0.0%, Dist 3Y High is 0.0%	Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -2.4%
1	Attractive yield FCF Yield is 8.0%	Weak multi-year price returns 3Y Excs Rtn is -68%
2	Low stock price volatility Vol 12M is 44%
3	Megatrend and thematic drivers Megatrends include Automation & Robotics, Smart Grids & Grid Modernization, and Smart Buildings & Proptech. Themes include Factory Automation, Show more.

0	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 25%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 25%
1	Attractive yield FCF Yield is 8.0%
2	Low stock price volatility Vol 12M is 44%
3	Megatrend and thematic drivers Megatrends include Automation & Robotics, Smart Grids & Grid Modernization, and Smart Buildings & Proptech. Themes include Factory Automation, Show more.
4	Trading close to highs Dist 52W High is 0.0%, Dist 3Y High is 0.0%
5	Weak multi-year price returns 3Y Excs Rtn is -68%
6	Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -2.4%

Valuation, Metrics & Events

	12/4/25	2024	2023	2022	2021
Share Price CYE	$42.93	$30.23	$26.00	$36.55	$24.57
Market Cap CYE ($ Bil)	1.6	1.1	0.9	1.3	0.8
Total Debt ($ Bil)	0.1	0.1	0.2	0.3	0.1
Total Cash ($ Bil)	0.0	0.0	0.0	0.0	0.2
Enterprise Value ($ Bil)	1.6	1.2	1.1	1.6	0.9
Valuation Ratios
P/S TTM	3.1	2.6	2.1	3.3	2.6
P/EBIT TTM	22.7	28.7	18.6	33.4	76.0
P/E TTM	30.3	48.8	37.6	66.1	76.1
Sector Ratios
P/S TTM (Sector)	0.0	0.0	0.0	0.0	0.0
P/EBIT TTM (Sector)	0.0	0.0	0.0	0.0	0.0
P/E TTM (Sector)	0.0	0.0	0.0	0.0	0.0

	12/4/25	2024	2023
Share Price CYE	$42.93	$30.23	$26.00
Market Cap CYE ($ Bil)	1.6	1.1	0.9
Total Debt ($ Bil)	0.1	0.1	0.2
Total Cash ($ Bil)	0.0	0.0	0.0
Enterprise Value ($ Bil)	1.6	1.2	1.1
Valuation Ratios
P/S TTM	3.1	2.6	2.1
P/EBIT TTM	22.7	28.7	18.6
P/E TTM	30.3	48.8	37.6
Sector Ratios
P/S TTM (Sector)	0.0	0.0	0.0
P/EBIT TTM (Sector)	0.0	0.0	0.0
P/E TTM (Sector)	0.0	0.0	0.0

	DGII	S&P 500
REVENUE GROWTH
Rev LTM ($ Bil)	0.4
Rev Chg Q	2.2%	7.1%
Rev Chg LTM	-2.4%	6.1%
Rev Chg 3Y Avg	5.7%	5.5%
PROFITABILITY	FAIR
Op Inc LTM ($ Bil)	0.1
CFO LTM ($ Bil)	0.1
Net Inc LTM ($ Bil)	0.0
Op Mgn LTM	13.5%	18.8%
CFO/Rev LTM	25.3%	20.5%
Net Inc Mgn	10.1%	13.1%
VALUATION	MODERATE
P/S	3.1	3.2
P/CFO	12.1	15.8
P/FCF	12.5	20.5
P/E	30.3	23.5
STABILITY	GOOD
Debt/Equity	0.04	0.20
Cash/Assets	0.03	0.07

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Metric	Value	Date	Source
Annualized Recurring Revenue	$123 million	3312025	Link
Annualized Recurring Revenue (IoT Solutions Segment)	$96 million	6302025	Link
Annualized Recurring Revenue (IoT Products & Services Segment)	$24 million	9302024	Link

Recent
11/12/2025	Earnings Release	Rev: $114 Mil (A) vs. $113 Mil (E) EPS: 0.56 (A) vs. $0.51 (E)
Upcoming
2/04/2026	Earnings Release	Rev: $115 Mil (E) EPS: $0.52 (E)

DGII Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

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I am unable to provide the requested information. The specified time period, from August 31, 2025, to the current date, falls entirely in the future. I cannot access or analyze future stock movements or events.

Stock Movement Drivers

Fundamental Drivers

The 26.7% change in DGII stock from 9/3/2025 to 12/3/2025 was primarily driven by a 26.7% change in the company's P/E Multiple.

	9032025	12032025	Change
Stock Price ($)	33.88	42.92	26.68%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	420.94	420.94	0.00%
Net Income Margin (%)	10.14%	10.14%	0.00%
P/E Multiple	29.42	37.28	26.68%
Shares Outstanding (Mil)	37.07	37.07	0.00%
Cumulative Contribution			26.68%

LTM = Last Twelve Months as of date shown

Market Drivers

9/3/2025 to 12/3/2025

	Return	Correlation
DGII	26.7%
Market (SPY)	6.2%	33.3%
Sector (XLK)	11.0%	29.2%

Fundamental Drivers

The 27.9% change in DGII stock from 6/4/2025 to 12/3/2025 was primarily driven by a 26.7% change in the company's P/E Multiple.

	6042025	12032025	Change
Stock Price ($)	33.55	42.92	27.93%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	418.62	420.94	0.55%
Net Income Margin (%)	10.07%	10.14%	0.73%
P/E Multiple	29.42	37.28	26.71%
Shares Outstanding (Mil)	36.96	37.07	-0.32%
Cumulative Contribution			27.93%

LTM = Last Twelve Months as of date shown

Market Drivers

6/4/2025 to 12/3/2025

	Return	Correlation
DGII	27.9%
Market (SPY)	15.1%	43.3%
Sector (XLK)	22.7%	36.6%

Fundamental Drivers

The 29.1% change in DGII stock from 12/3/2024 to 12/3/2025 was primarily driven by a 91.1% change in the company's Net Income Margin (%).

	12032024	12032025	Change
Stock Price ($)	33.24	42.92	29.12%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	424.05	420.94	-0.73%
Net Income Margin (%)	5.31%	10.14%	91.08%
P/E Multiple	53.86	37.28	-30.79%
Shares Outstanding (Mil)	36.47	37.07	-1.66%
Cumulative Contribution			29.09%

LTM = Last Twelve Months as of date shown

Market Drivers

12/3/2024 to 12/3/2025

	Return	Correlation
DGII	29.1%
Market (SPY)	14.3%	58.5%
Sector (XLK)	23.1%	57.0%

Fundamental Drivers

The 4.5% change in DGII stock from 12/4/2022 to 12/3/2025 was primarily driven by a 103.1% change in the company's Net Income Margin (%).

	12042022	12032025	Change
Stock Price ($)	41.07	42.92	4.50%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	388.23	420.94	8.43%
Net Income Margin (%)	4.99%	10.14%	103.11%
P/E Multiple	75.06	37.28	-50.34%
Shares Outstanding (Mil)	35.42	37.07	-4.66%
Cumulative Contribution			4.28%

LTM = Last Twelve Months as of date shown

Market Drivers

12/4/2023 to 12/3/2025

	Return	Correlation
DGII	79.2%
Market (SPY)	53.2%	53.3%
Sector (XLK)	60.2%	47.4%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
DGII Return	7%	30%	49%	-29%	16%	40%	140%
Peers Return	8%	41%	-13%	6%	11%	68%	162%
S&P 500 Return	16%	27%	-19%	24%	23%	16%	112%
Monthly Win Rates [3]
DGII Win Rate	58%	58%	67%	42%	50%	60%
Peers Win Rate	37%	52%	28%	40%	42%	67%
S&P 500 Win Rate	58%	75%	42%	67%	75%	70%
Max Drawdowns [4]
DGII Max Drawdown	-64%	-9%	-24%	-40%	-15%	-23%
Peers Max Drawdown	-33%	-3%	-24%	-27%	-26%	-15%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: VSAT, ADTN, FIEE, CSCO, ANET.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/3/2025 (YTD)

How Low Can It Go

Unique Key	Event	DGII	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-48.6%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	94.6%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	Not Fully Recovered days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-63.9%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	176.9%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	242 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-38.4%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	62.2%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	307 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-61.8%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	161.5%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	3907 days	1480 days

Compare to VSAT, ADTN, FIEE, CSCO, ANET

In The Past

Digi International's stock fell -48.6% during the 2022 Inflation Shock from a high on 8/1/2023. A -48.6% loss requires a 94.6% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Digi International (DGII)

Digi International Inc. provides business and mission-critical Internet of Things (IoT) products, services, and solutions in the United States and internationally. The company operates in two segments, IoT Products & Services and IoT Solutions. It 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. The company provides embedded system products under the Digi Connect, ConnectCore, and Rabbit brands; and infrastructure management products, comprising of serial servers, which offers serial port-to-Ethernet integration of devices into wired Ethernet networks; and universal serial bus solutions. In addition, it offers Digi Remote Manager, a recurring revenue cloud-based service that provides a secure environment for customers to manage their connected device deployment; Digi Wireless Design Services; and SmartSense by Digi for monitoring wirelessly the temperature of food and other perishable or sensitive goods, monitor facilities or pharmacies by tracking the completion of operating tasks by employees, as well as quality control and incident management for food service, healthcare, and transportation/logistics industries. 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. Digi International Inc. was incorporated in 1985 and is headquartered in Hopkins, Minnesota.

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Cisco for the Internet of Things (IoT) infrastructure.
Ubiquiti for industrial IoT connectivity.

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Cellular Routers & Gateways: Devices that provide secure and reliable cellular connectivity for remote assets, industrial applications, and enterprise solutions.
Embedded Modules: Compact, pre-certified hardware components that integrate wireless connectivity (cellular, Wi-Fi, Bluetooth) directly into original equipment manufacturer (OEM) products.
Console Servers & Remote Management: Solutions for out-of-band management of network infrastructure, enabling secure remote access and control of IT equipment.
Digi XBee Modules: A line of easy-to-use, low-power RF modules for device-to-device communication in a variety of wireless protocols.
IoT Software & Services (Digi Remote Manager): A cloud-based platform for managing, monitoring, and controlling large deployments of Digi devices and connected assets.

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Digi International (symbol: DGII) primarily sells its products and services to other companies (B2B).

Based on the company's public filings, including its annual 10-K reports, Digi International's revenue is diversified across a broad customer base. For example, their 2023 10-K filing (and prior years) states that no single customer accounted for more than 10% of their consolidated revenue in the last three fiscal years. This indicates that there are no specific, individually identifiable "major customers" by name that contribute a significant portion of their overall revenue.

Instead, Digi International serves a wide array of enterprises and organizations across various industries that integrate its Internet of Things (IoT) connectivity products, services, and solutions into their operations or end products. These customers typically fall into categories such as:

Industrial Automation and Manufacturing: Companies requiring robust and secure connectivity for factory floors, remote monitoring, asset tracking, and process control.
Medical and Healthcare: Organizations developing connected medical devices, telehealth solutions, and remote patient monitoring systems.
Retail and Point-of-Sale: Businesses needing reliable and secure network solutions for payment systems, digital signage, inventory management, and in-store analytics.
Transportation and Logistics: Enterprises requiring connectivity for fleet management, vehicle tracking, public transit systems, and supply chain visibility.
Smart City and Infrastructure: Municipalities and utility providers deploying solutions for smart streetlights, environmental monitoring, waste management, and public safety.
Energy and Utilities: Companies managing smart grids, renewable energy installations, and remote utility monitoring.

While specific customer names are not disclosed due to the diversified nature of their sales, their customer base consists of companies operating within these high-growth IoT sectors.

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Plexus Corp. (PLXS)
Benchmark Electronics, Inc. (BHE)

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Ron Konezny | President and Chief Executive Officer
Ron Konezny joined Digi International in December 2014. He was a founder of PeopleNet in 1996, serving in various executive roles, including CEO from 2007 until its acquisition by Trimble in 2011. Following the acquisition, he was Vice President of Trimble's Global Transportation and Logistics division. He sold PeopleNet to Trimble Navigation in 2011. Konezny is a two-time Ernst & Young Entrepreneur of the Year® award winner.

Jamie Loch | Executive Vice President, Chief Financial Officer, and Treasurer
Jamie Loch joined Digi International in May 2019. Prior to Digi, he served as CFO for Nilfisk, Inc. Before Nilfisk, he held several executive positions over 12 years with Honeywell, including Vice President of Sales and CFO for Honeywell Building Solutions America's division. He also worked at a biotech start-up, Biothera Pharmaceuticals.

David Sampsell | Executive Vice President, Corporate Development, General Counsel & Corporate Secretary

Terry Schneider | Senior Vice President, Supply Chain Management
Terry Schneider joined Digi in 2016, bringing over 20 years of leadership experience. He oversees all aspects of Digi's global supply chain, including strategic sourcing, manufacturing, quality, inventory management, and fulfillment operations. He initially joined Digi as Vice President of Product Management.

Steve Ericson | Senior Vice President, General Manager, OEM Solutions
Steve Ericson joined Digi in 2000, holding multiple leadership positions such as product management, global sales strategy and operations, and international sales. He became Senior Vice President, General Manager, OEM Solutions in October 2020. Before joining Digi, he held product management and leadership roles at Honeywell for 12 years.

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The increasing vertical integration and comprehensive edge computing strategies of major cloud providers (hyperscalers like AWS, Microsoft Azure, and Google Cloud) represent a clear emerging threat. These platforms are aggressively expanding their capabilities and ecosystems at the edge device level, offering advanced device management, data processing, and application deployment directly (e.g., AWS IoT Greengrass, Azure IoT Edge). As these end-to-end cloud-to-edge solutions mature and gain wider adoption, they could commoditize the underlying generic IoT hardware and software layers provided by companies like Digi, by providing integrated solutions that reduce the need for proprietary gateway intelligence or extensive integration efforts from third-party vendors.

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Digi International (NASDAQ: DGII) operates in the Internet of Things (IoT) market, providing a range of connectivity products, services, and solutions, including cellular routers, modules, embedded systems, and cloud-based device management platforms. The company primarily focuses on business and mission-critical applications within the industrial IoT (IIoT) sector.

Based on various market research reports and Digi International's own estimates, the addressable markets for their main products and services are substantial and growing globally:

IoT Connectivity Market: The global IoT connectivity market was valued at approximately USD 286.14 billion in 2024 and is projected to reach around USD 1,801.45 billion by 2034, growing at a compound annual growth rate (CAGR) of 20.20% from 2025 to 2034. North America held a significant share, accounting for around 35.16% of the global IoT connectivity market in 2023, with a valuation of USD 2,738.2 million. The U.S. alone captured 78% of the revenue share within North America in 2024.
Cellular IoT Module Market: The global cellular IoT module shipments market was valued at USD 7.78 billion in 2024 and is projected to grow to USD 85.47 billion by 2034, exhibiting a CAGR of 27.1% from 2025 to 2034. Another estimate places the global cellular IoT module market at USD 25.7 billion in 2025, projected to reach USD 210.4 billion by 2035, with a CAGR of 23.4%. Asia-Pacific dominated this market in 2024, with North America projected for the fastest growth.
Industrial Internet of Things (IIoT) Market: The global industrial IoT market size was estimated at USD 483.16 billion in 2024 and is projected to reach USD 1,693.44 billion by 2030, growing at a CAGR of 23.3% from 2025 to 2030. Digi International itself identifies a total 2024 market opportunity in excess of USD 64 billion for IIoT technologies, with CAGRs between 13% and 36%. North America held the largest market share, over 31%, in the global IIoT market in 2024. Asia-Pacific is anticipated to be the fastest-growing region with a CAGR of over 26% from 2025 to 2030.

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Expected Drivers of Future Revenue Growth for Digi International (DGII)

Over the next 2-3 years, Digi International (DGII) is expected to drive revenue growth through several key initiatives:

Growth in Annual Recurring Revenue (ARR): A primary strategic focus for Digi International is to significantly increase its Annual Recurring Revenue. The company has a long-term goal of doubling ARR to $200 million within the next five years. This growth is anticipated to be fueled by expanded subscription bases in its IoT Solutions segment, including offerings like SmartSense and Ventus, and is expected to increasingly outpace overall revenue growth.
Expansion in the Industrial Internet of Things (IIoT) Market: Digi International operates in a rapidly expanding Industrial Internet of Things market. This market is projected to grow substantially, with the broader IIoT market expected to increase by approximately 23.3% between 2025 and 2033. The company is strategically positioned to capitalize on this growth, particularly as the market shifts towards faster-growing software, applications, and services within the IIoT spectrum.
Strategic Acquisitions: Acquisitions remain a top capital allocation priority for Digi International, aimed at accelerating its growth objectives. The company is actively evaluating opportunities that align with its goals of increasing scale and boosting Annual Recurring Revenue (ARR). These disciplined acquisitions are expected to contribute to both ARR and Adjusted EBITDA expansion.
Launch and Growth of New IoT Solutions and Services: Digi International is focused on developing and expanding high-value solutions, including device management offerings such as Digi LifeCycle Assurance On-Prem Manager. These new products and services are designed to deepen customer relationships and enhance recurring revenue streams, moving away from declining older products towards modern, higher-growth offerings.
Increased Customer Adoption of IoT Solutions: The company expects continued revenue growth from the sustained demand for its IoT solutions. Digi's offerings, which provide benefits such as remote monitoring, improved machine uptime, and actionable analytics, are resonating with customers across various industries, demonstrating a clear return on investment even amidst dynamic macroeconomic conditions.

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Capital Allocation Decisions (Last 3-5 Years)

Share Repurchases

Digi International repurchased approximately $2.90 million in shares during fiscal year 2024 (October 2023 - September 2024).
Approximately $4.13 million in shares were repurchased during fiscal year 2023 (October 2022 - September 2023).
The company repurchased around $14.50 million in shares during fiscal year 2022 (October 2021 - September 2022).

Share Issuance

Digi International issued 82,621 shares of common stock to employees under a Purchase Plan during fiscal 2023.
In fiscal 2022, 80,225 shares were issued to employees through the Purchase Plan.
For fiscal 2021, 78,644 shares were issued to employees via the Purchase Plan.

Outbound Investments

In November 2021, Digi International acquired Ventus for $347.5 million, a significant driver of acquisition-related cash usage in fiscal 2022.
The company acquired Ctek, Inc. in July 2021, a provider specializing in solutions for remote monitoring and industrial controls.
Digi International also acquired Haxiot, Inc. in March 2021, a provider of low power wide area (LPWA) wireless technology, to enhance its IoT Products & Services segment.

Capital Expenditures

Reported capital expenditures were $2.226 million in fiscal year 2023.
Capital expenditures amounted to $4.345 million in fiscal year 2022.
Forecasted capital expenditures for fiscal year 2025 are $3.655 million, following an estimated $2.855 million for fiscal year 2024.

Better Bets than Digi International (DGII)

	DGII	Better Performance than DGII
Metric	Value	INDUSTRY: Communications Equipment
Rev Chg LTM	-2.4%	UI (36.8%), ANET (27.8%), CIEN (13.0%), MSI (6.4%), CSCO (5.3%)
Rev Chg 3Y Avg	5.7%	ASTS (35.3%), ANET (29.4%), UI (17.5%), MSI (9.5%), CIEN (7.4%)
Op Mgn LTM	13.5%	ANET (42.9%), UI (33.7%), FFIV (25.2%), MSI (25.1%), CSCO (22.1%)
CFO/Rev LTM	25.3%	IDCC (72.5%), ANET (49.0%), FFIV (32.7%), NTCT (30.5%)
FCF/Rev LTM	24.5%	IDCC (63.6%), ANET (47.9%), FFIV (31.6%), NTCT (29.6%)
Total Yield	3.3%	COMM (27.2%), IDCC (6.2%), CSCO (6.0%), FFIV (3.9%), MSI (3.7%)
P/S	3.1	VSAT (0.4), COMM (0.6), EXTR (2.3), CIEN (2.5), VIAV (2.6)
P/Op Inc	22.7	COMM (4.4), IDCC (15.5), NTCT (16.9), CSCO (22.0), FFIV (22.3)

	DGII	Better Performance than DGII
Metric	Value	SECTOR: Information Technology
Rev Chg LTM	-2.4%	NVDA (71.6%), AVGO (28.0%), MSFT (15.6%), ORCL (9.7%), AAPL (6.0%)
Rev Chg 3Y Avg	5.7%	NVDA (92.0%), PLTR (29.3%), AVGO (24.0%), MSFT (13.2%), ORCL (10.2%)
Op Mgn LTM	13.5%	NVDA (58.1%), MSFT (46.3%), AVGO (39.0%), AAPL (31.9%), ORCL (31.6%)
CFO/Rev LTM	25.3%	MSFT (50.0%), NVDA (46.6%), AVGO (42.4%), ORCL (36.5%), AAPL (26.6%)
FCF/Rev LTM	24.5%	PLTR (46.0%), NVDA (43.6%), AVGO (41.6%), CRM (31.6%), MSFT (26.6%)
Total Yield	3.3%	CSCO (6.0%), AMAT (5.6%), IBM (5.4%), MU (4.8%), MSFT (3.4%)
P/S	3.1	DELL (0.8), CTSH (1.6), ACN (2.2), INTC (2.8), TEL (3.0)
P/Op Inc	22.7	QCOM (14.5), ACN (15.0), AMAT (16.9), MU (19.1), CSCO (22.0)

	DGII	Better Performance than DGII
Metric	Value	ALL OTHER SECTORS
Rev Chg LTM	-2.4%	LLY (36.8%), META (21.3%), GOOGL (13.4%), AMZN (10.9%), TSLA (-1.6%)
Rev Chg 3Y Avg	5.7%	BRK-B (19.8%), META (17.3%), AMZN (11.3%), GOOGL (11.0%), TSLA (9.3%)
Op Mgn LTM	13.5%	MA (58.3%), META (43.2%), LLY (43.0%), GOOGL (32.2%), JNJ (26.2%)
CFO/Rev LTM	25.3%	V (57.6%), META (56.8%), MA (56.1%), GOOGL (39.3%), JNJ (26.3%)
FCF/Rev LTM	24.5%	BAC (57.3%), V (53.9%), MA (52.5%), ABBV (33.0%), GS (26.9%)
Total Yield	3.3%	JPM (6.7%), BRK-B (6.2%), GOOGL (4.6%), WMT (3.6%), META (3.5%)
P/S	3.1	WMT (1.1), XOM (1.4), COST (1.5), HD (2.2), BRK-B (2.7)
P/Op Inc	22.7	XOM (12.4), V (16.6), HD (16.8), JNJ (18.5), META (22.6)

		Best Bets In Information Technology Sector
	DGII
What You Pay
P/E	30.3
P/EBIT	22.7
What You Get
Rev Chg Q	2.2%
Rev Chg LTM	-2.4%
Rev Chg 3Y Avg	5.7%
FCF/Rev 3Y Avg	15.4%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 24%, alpha of 2.9%, and sharpe of 1.04

Latest Trefis Analyses

	Title	Topic
0	DASHBOARDS
1	Digi International Stock Jump Looks Great, But How Secure Is That Gain?	Return
2	Why Digi International Stock Moved: DGII Stock Has Gained 73% Since 2021 Fiscal End, Primarily Due To Favorable Change In Price To Sales Multiple (P/S)
3	DGII Dip Buy Analysis
4	Now Is Not The Time To Buy Digi International Stock	Buy or Fear
5	Digi International (DGII) Valuation Ratios Comparison	Financials
6	Digi International Total Shareholder Return (TSR): 2.0% in 2024 and 9.4% 3-yr compounded annual returns (above peer average)
7	Digi International (DGII) Operating Cash Flow Comparison	Financials
8	Digi International (DGII) Net Income Comparison	Financials
9	Digi International (DGII) Operating Income Comparison	Financials
10	Digi International (DGII) Revenue Comparison	Financials

	Title
0	ARTICLES

Trade Ideas

Select past ideas related to DGII. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
ENPH_11302025_Dip_Buyer_High_CFO_Margins_ExInd_DE	11302025	ENPH	Enphase Energy	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	0.9%	0.9%	-0.9%
PD_11262025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11262025	PD	PagerDuty	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	0.8%	0.8%	0.0%
CRM_11212025_Dip_Buyer_FCFYield	11212025	CRM	Salesforce	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	3.3%	3.3%	-0.1%
HUBS_11212025_Dip_Buyer_High_CFO_Margins_ExInd_DE	11212025	HUBS	HubSpot	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	5.1%	5.1%	0.0%
FIVN_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11212025	FIVN	Five9	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	4.0%	4.0%	0.0%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
ENPH_11302025_Dip_Buyer_High_CFO_Margins_ExInd_DE	11302025	ENPH	Enphase Energy	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	0.9%	0.9%	-0.9%
PD_11262025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11262025	PD	PagerDuty	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	0.8%	0.8%	0.0%
CRM_11212025_Dip_Buyer_FCFYield	11212025	CRM	Salesforce	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	3.3%	3.3%	-0.1%
HUBS_11212025_Dip_Buyer_High_CFO_Margins_ExInd_DE	11212025	HUBS	HubSpot	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	5.1%	5.1%	0.0%
FIVN_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11212025	FIVN	Five9	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	4.0%	4.0%	0.0%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

1 Month Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
OLMA	Olema Pharmaceuticals	2.3	223.6%	367.4%
COGT	Cogent Biosciences	5.4	152.6%	402.1%
CDTX	Cidara Therapeutics	5.9	115.1%	722.1%
IRWD	Ironwood Pharmaceuticals	0.6	100.5%	-15.8%
TERN	Terns Pharmaceuticals	2.5	95.9%	396.2%
FRGE	Forge Global	0.6	90.3%	217.8%
SGML	Sigma Lithium	1.1	87.3%	-10.6%
INSP	Inspire Medical Systems	4.0	82.8%	-27.3%
NPCE	NeuroPace	0.6	77.2%	48.9%
ALMS	Alumis	0.6	71.9%	-0.3%

1 Month Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
UP	Wheels Up Experience	0.4	-52.7%	-62.4%
CCOI	Cogent Communications	0.9	-51.9%	-72.9%
SMR	NuScale Power	3.0	-50.7%	12.3%
FRMI	Fermi	10.3	-47.5%
AMSC	American Superconductor	1.4	-47.2%	30.1%
TLRY	Tilray Brands	7.5	-46.1%	-46.9%
BTDR	Bitdeer Technologies	2.4	-44.8%	-41.8%
EXOD	Exodus Movement	0.4	-43.1%	-53.3%
STUB	Stubhub	3.5	-39.8%
METC	Ramaco Resources	1.0	-39.4%	66.9%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

Peer Comparisons for Digi International

Peers to compare with:

Financials

	DGII	VSAT	ADTN	FIEE	CSCO	ANET	Median
Name	Digi Int.	Viasat	Adtran	FiEE	Cisco Sy.	Arista N.
Mkt Price	42.92	34.29	8.23	1.90	77.75	127.80	38.61
Mkt Cap	1.6	4.5	0.7	-	308.0	160.8	4.5
Rev LTM	421	4,564	1,035	0	56,654	8,448	2,800
Op Inc LTM	57	-111	-37	-1	12,504	3,623	28
FCF LTM	103	88	26	-1	13,288	4,046	96
FCF 3Y Avg	66	-493	-7	-1	14,178	2,911	32
CFO LTM	106	1,016	90	-1	14,193	4,141	561
CFO 3Y Avg	69	728	49	-1	14,986	2,964	398

Growth & Margins

	DGII	VSAT	ADTN	FIEE	CSCO	ANET	Median
Name	Digi Int.	Viasat	Adtran	FiEE	Cisco Sy.	Arista N.
Rev Chg LTM	-2.4%	-1.4%	14.3%	-99.5%	5.3%	27.8%	1.9%
Rev Chg 3Y Avg	5.7%	26.8%	13.7%	-65.6%	3.4%	29.4%	9.7%
Rev Chg Q	2.2%	4.0%	22.7%	-	7.6%	27.5%	7.6%
QoQ Delta Rev Chg LTM	0.6%	1.0%	5.3%	35,994.4%	1.9%	6.3%	3.6%
Op Mgn LTM	13.5%	-2.4%	-3.6%	-3,292.4%	22.1%	42.9%	5.5%
Op Mgn 3Y Avg	11.7%	-8.2%	-11.5%	-1,146.9%	24.5%	40.8%	1.8%
QoQ Delta Op Mgn LTM	0.4%	-0.3%	2.6%	1,197,542.8%	0.3%	-0.3%	0.4%
CFO/Rev LTM	25.3%	22.3%	8.7%	-1,599.2%	25.1%	49.0%	23.7%
CFO/Rev 3Y Avg	16.1%	17.9%	5.3%	-535.9%	26.7%	41.7%	17.0%
FCF/Rev LTM	24.5%	1.9%	2.5%	-1,599.2%	23.5%	47.9%	13.0%
FCF/Rev 3Y Avg	15.4%	-14.7%	-0.1%	-536.4%	25.3%	41.0%	7.7%

Valuation

	DGII	VSAT	ADTN	FIEE	CSCO	ANET	Median
Name	Digi Int.	Viasat	Adtran	FiEE	Cisco Sy.	Arista N.
Mkt Cap	1.6	4.5	0.7	-	308.0	160.8	4.5
P/S	3.1	0.4	0.7	-	4.9	21.7	3.1
P/EBIT	22.7	-12.8	-22.2	-	21.7	50.6	21.7
P/E	30.3	-3.2	-8.5	-	27.0	54.6	27.0
P/CFO	12.1	1.9	8.3	-	19.4	44.3	12.1
Total Yield	3.3%	-31.2%	-11.8%	-	6.0%	1.8%	1.8%
Dividend Yield	0.0%	0.0%	0.0%	-	2.3%	0.0%	0.0%
FCF Yield 3Y Avg	5.9%	-20.9%	-0.8%	-	6.4%	2.5%	2.5%
D/E	0.0	3.7	0.3	-	0.1	0.0	0.1
Net D/E	0.0	3.1	0.2	-	0.0	-0.1	0.0

Returns

	DGII	VSAT	ADTN	FIEE	CSCO	ANET	Median
Name	Digi Int.	Viasat	Adtran	FiEE	Cisco Sy.	Arista N.
1M Rtn	18.7%	-10.7%	-21.1%	-23.1%	4.4%	-18.9%	-14.8%
3M Rtn	26.7%	16.2%	-11.3%	-33.8%	15.6%	-7.0%	4.3%
6M Rtn	27.9%	285.7%	0.2%	-	22.2%	34.6%	27.9%
12M Rtn	29.1%	252.8%	-4.6%	-	34.1%	23.3%	29.1%
3Y Rtn	4.5%	-3.2%	-59.5%	-	70.8%	278.6%	4.5%
1M Excs Rtn	18.8%	-10.7%	-21.1%	-23.0%	4.5%	-18.9%	-14.8%
3M Excs Rtn	20.5%	8.6%	-20.2%	-37.5%	9.7%	-14.8%	-3.1%
6M Excs Rtn	13.2%	271.0%	-14.5%	-	7.5%	19.9%	13.2%
12M Excs Rtn	15.7%	254.0%	-16.7%	-	21.1%	12.4%	15.7%
3Y Excs Rtn	-68.1%	-67.7%	-129.6%	-	3.7%	209.5%	-67.7%

Financials

Annual
Quarterly

$ Mil \| FY: 9/30	LTM	2024	2023	2022	2021	2020	2019
Period End	6/30/2025	9/30/2024	9/30/2023	9/30/2022	9/30/2021	9/30/2020	9/30/2019
Filing Date	8/6/2025	11/22/2024	11/22/2023	11/23/2022	11/24/2021	11/25/2020	11/27/2019
Key Financials
Total Revenue	421	424	445	388	309	279	254
EBITDA	91	72	84	76	31	30	25
Operating Income	57	48	50	32	16	11	10
Net Income	43	23	25	19	10	8	10
EPS	1.16	0.62	0.69	0.55	0.32	0.29	0.36
Growth Rates
Total Revenue Growth	-2.4%	-4.7%	14.6%	25.8%	10.5%	9.9%	12.0%
EBITDA Growth	29.1%	-14.5%	10.8%	142.8%	3.0%	23.2%	53.5%
Operating Income Growth	21.9%	-4.0%	56.4%	96.4%	44.2%	13.2%	223.9%
Net Income Growth	151.0%	-9.1%	27.8%	87.0%	23.2%	-15.5%	510.5%
Margins
EBITDA Margin	21.6%	17.0%	18.9%	19.5%	10.1%	10.9%	9.7%
Operating Income Margin	13.5%	11.3%	11.3%	8.2%	5.3%	4.0%	3.9%
Net Income Margin	10.1%	5.3%	5.6%	5.0%	3.4%	3.0%	3.9%
Cash & Debt
Total Cash	20	28	32	35	152	54	93
Total Debt	52	137	221	258	67	80	0
Net Debt / (Cash)	32	110	189	223	-86	26	-93
Cash Flows
Net Cash from Operations	106	83	37	38	58	34	29
Free Cash from Operations	103	81	32	36	55	34	20
Returns to Shareholders
Dividends	0	-0	-0	-0	-0	-0	-0
Share Repurchases	-0	-0	-0	-0	-0	2	1

$ Mil \| FY: 9/30	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4
Period End	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Filing Date	8/6/2025	5/7/2025	2/5/2025	11/22/2024	8/7/2024	5/3/2024	2/2/2024	11/22/2023	8/4/2023	5/5/2023	2/3/2023	11/23/2022
Key Financials Quarterly
Total Revenue	108	105	104	105	105	108	106	112	112	111	109	106
Ebitda	23	22	22	24	21	16	11	22	21	21	21	26
Operating Income	15	14	13	15	13	8	12	13	12	12	12	11
Net Income	10	10	10	12	10	4	-3	6	7	6	6	11
EPS	0.28	0.28	0.27	0.33	0.27	0.11	-0.08	0.18	0.19	0.16	0.16	0.32
Key Financials TTM
Total Revenue TTM	421	419	422	424	431	438	442	445	438	430	413	388
Ebitda TTM	91	89	83	72	70	70	74	84	88	86	83	76
Operating Income TTM	57	55	49	48	47	46	50	50	47	45	40	32
Net Income TTM	43	42	36	23	17	14	16	25	30	27	24	19
Growth Rates Quarterly
Total Revenue Growth	2.2%	-3.0%	-2.1%	-6.3%	-6.3%	-3.1%	-2.9%	6.1%	8.4%	17.3%	29.7%	33.7%
EBITDA Growth	9.4%	34.8%	103.5%	7.4%	1.3%	-21.0%	-47.6%	-15.4%	9.8%	21.1%	48.0%	187.3%
Operating Income Growth	15.6%	68.4%	10.1%	10.5%	3.5%	-33.1%	1.4%	26.2%	25.1%	61.0%	214.9%	32.5%
Net Income Growth	5.6%	162.8%	430.2%	86.4%	44.2%	-32.3%	-152.8%	-43.3%	63.0%	107.2%	386.9%	144.6%
Margins Quarterly
EBITDA Margin	21.6%	21.0%	21.1%	22.5%	20.2%	15.1%	10.2%	19.6%	18.7%	18.5%	18.8%	24.6%
Operating Income Margin	13.9%	13.1%	12.9%	14.2%	12.3%	7.6%	11.4%	12.0%	11.1%	11.0%	10.9%	10.1%
Net Income Margin	9.5%	10.0%	9.7%	11.3%	9.2%	3.7%	-2.9%	5.7%	6.0%	5.3%	5.3%	10.6%
Cash & Debt
Total Cash	20	26	26	28	28	24	32	32	30	32	31	35
Total Debt	52	83	109	137	167	187	211	221	228	248	254	258
Net Debt / (Cash)	32	57	83	110	138	164	180	189	199	217	223	223
Cash Flows Quarterly
FCF from Operations	24	26	30	26	25	13	19	9	18	7	3	7
Cash Flows TTM
FCF from Operations TTM	106	107	94	83	66	59	53	37	34	36	35	38
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	14.2%	14.2%	13.9%	15.4%	12.8%	6.9%	10.4%	10.8%	11.1%	10.5%	9.9%	8.6%
Return on Invested Capital (ROIC) TTM
ROIC TTM	15.9%	15.6%	13.5%	12.5%	11.0%	10.8%	11.5%	11.2%	10.5%	9.2%	8.0%	6.9%

Price Behavior

Price Behavior

Market Price	$42.92
Market Cap ($ Bil)	1.6
First Trading Date	03/26/1990
Distance from 52W High	0.0%
	50 Days	200 Days
DMA Price	$37.96	$33.40
DMA Trend	up	up
Distance from DMA	13.1%	28.5%
	3M	1YR
Volatility	35.3%	43.8%
Downside Capture	62.83	130.03
Upside Capture	155.19	138.45
Correlation (SPY)	33.6%	58.5%

DGII Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	0.63	0.92	1.03	1.37	1.29	1.37
Up Beta	1.65	1.29	1.85	2.36	1.33	1.42
Down Beta	-1.34	0.24	0.35	0.89	1.17	1.14
Up Capture	166%	170%	161%	149%	173%	231%
Bmk +ve Days	12	25	38	73	141	426
Stock +ve Days	11	22	31	65	127	379
Down Capture	12%	73%	78%	110%	117%	109%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	8	19	31	59	120	364

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

1Y 5Y 10Y

Based On 1-Year Data

		Comparison of DGII With Other Asset Classes (Last 1Y)
	DGII	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	31.4%	25.9%	15.3%	58.9%	4.6%	-5.8%	-3.1%
Annualized Volatility	43.6%	27.6%	19.7%	19.4%	15.9%	17.8%	35.7%
Sharpe Ratio	0.74	0.81	0.60	2.26	0.09	-0.48	0.04
Correlation With Other Assets		57.0%	58.5%	3.7%	20.0%	40.2%	35.9%

ETFs used for asset classes: Sector ETF = XLK, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data

		Comparison of DGII With Other Asset Classes (Last 5Y)
	DGII	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	20.7%	19.9%	15.0%	17.9%	11.9%	4.9%	37.1%
Annualized Volatility	42.6%	24.6%	17.1%	15.5%	18.9%	19.0%	49.1%
Sharpe Ratio	0.58	0.73	0.71	0.93	0.52	0.17	0.64
Correlation With Other Assets		47.0%	50.8%	10.5%	12.6%	39.2%	22.8%

Based On 10-Year Data

		Comparison of DGII With Other Asset Classes (Last 10Y)
	DGII	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	13.2%	22.2%	14.5%	14.2%	5.6%	5.4%	76.3%
Annualized Volatility	44.5%	24.2%	18.0%	14.8%	17.7%	20.9%	55.9%
Sharpe Ratio	0.44	0.84	0.69	0.79	0.25	0.23	0.95
Correlation With Other Assets		43.4%	48.3%	6.3%	18.3%	38.9%	14.7%

Short Interest

Short Interest: As Of Date	11142025
Short Interest: Shares Quantity	1,548,469
Short Interest: % Change Since 10312025	0.8%
Average Daily Volume	199,169
Days-to-Cover Short Interest	7.77
Basic Shares Quantity	37,073,000
Short % of Basic Shares	4.2%

Returns Analyses

	Title
0	Digi International Stock Jump Looks Great, But How Secure Is That Gain?

SEC Filings

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Report Date	Filing Date	Filing
6302025	8062025	10-Q 6/30/2025
3312025	5072025	10-Q 3/31/2025
12312024	2052025	10-Q 12/31/2024
9302024	11222024	10-K 9/30/2024
6302024	8072024	10-Q 6/30/2024
3312024	5032024	10-Q 3/31/2024
12312023	2022024	10-Q 12/31/2023
9302023	11222023	10-K 9/30/2023
6302023	8042023	10-Q 6/30/2023
3312023	5052023	10-Q 3/31/2023
12312022	2032023	10-Q 12/31/2022
9302022	11232022	10-K 9/30/2022
6302022	8052022	10-Q 6/30/2022
3312022	5062022	10-Q 3/31/2022
12312021	2042022	10-Q 12/31/2021
9302021	11242021	10-K 9/30/2021

External Quote Links

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2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Digi International (DGII)

Market Price (12/4/2025): $42.93 | Market Cap: $1.6 BilSector: Information Technology | Industry: Communications Equipment

Digi International (DGII)

Market Price (12/4/2025): $42.93Market Cap: $1.6 BilSector: Information TechnologyIndustry: Communications Equipment

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DGII Stock

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Market Price (12/4/2025): $42.93 | Market Cap: $1.6 Bil
Sector: Information Technology | Industry: Communications Equipment

Market Price (12/4/2025): $42.93
Market Cap: $1.6 Bil
Sector: Information Technology
Industry: Communications Equipment