DIGI INTERNATIONAL INC

For the period ended Mar 31, 2025. Filed May 7, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2025 · Filed May 7, 2025

DGII$65.05-3.1%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Operations

	Three months ended March 31,		Six months ended March 31,
	2025	2024	2025	2024
(in thousands, except per share data)
Revenue:
Product	$71,987	$78,432	$144,772	$155,682
Service	32,516	29,270	63,597	58,109
Total revenue	104,503	107,702	208,369	213,791
Cost of sales:
Cost of product	31,758	37,894	63,731	75,660
Cost of service	6,859	6,537	13,401	12,807
Amortization	953	953	1,906	1,906
Total cost of sales	39,570	45,384	79,038	90,373
Gross profit	64,933	62,318	129,331	123,418
Operating expenses:
Sales and marketing	22,041	20,540	43,798	40,187
Research and development	15,325	15,044	30,352	29,677
General and administrative	13,840	18,583	28,095	33,270
Total operating expenses	51,206	54,167	102,245	103,134
Operating income	13,727	8,151	27,086	20,284
Other expense, net:
Interest expense, net	(1,336)	(3,697)	(3,630)	(9,358)
Debt issuance cost write-off	—	—	—	(9,722)
Other expense, net	(43)	(32)	(12)	(58)
Total other expense, net	(1,379)	(3,729)	(3,642)	(19,138)
Income before income taxes	12,348	4,422	23,444	1,146
Income tax provision	1,851	428	2,864	206
Net income	$10,497	$3,994	$20,580	$940
Net income per common share:
Basic	$0.28	$0.11	$0.56	$0.03
Diluted	$0.28	$0.11	$0.55	$0.03
Weighted average common shares:
Basic	36,956	36,296	36,816	36,212
Diluted	37,520	36,974	37,553	36,855

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.