DIGI INTERNATIONAL INC
DGII · Computer Communications Equipment · 37.7M shares · +7%/yr ↑ shares · EDGAR filings ↗
Net buyback after stock comp: -$9M (gross $4M, SBC $13M)
Reference price $69.42 · est. market cap ~$2.6B — last insider sale, 2026-06-02 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B70Profitable IoT-connectivity vendor with good margins and strong operating cash flow, recurring revenue, but slow growth.
Strengths
- Good margins and cash flow — gross margin 62.9%, operating margin 13.1% (71st), OCF margin 25.1% (74th)
- Earnings rebound — net income +81.3% (85th)
- Manageable leverage and coverage — D/E 0.25, interest coverage 8.91
Risks
- Slow growth — revenue +1.5% (14th)
- Single-source-supplier dependence per risk factors — qualitative (per 10-K)
- Weak quick liquidity — 0.85 (16th)
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Customer concentration~25% of revenue from one customer/distributor — • Adjusted EBITDA was $108 million, or 25
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- Notable holderHeld by 5 notable fund(s): FMR LLC, STATE STREET CORP, GOLDMAN SACHS GROUP INC +2 more (as of 2026-03-31)
- Insider sellingInsider selling — 9 open-market sale(s) by 5 insider(s) (cluster of 5 insiders, ~$9M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
62.9%
Operating margin
13.1%
Net margin
9.5%
Return on equity
6.4%
Return on assets
4.4%
ROIC
5.6%
Revenue growth (QoQ)
6.8%
Net-income growth
81.3%
Debt / equity
0.3×
Net debt / EBITDA
1.5×
Interest coverage
8.9×
Current ratio
1.2×
EBITDA
$90M
Tangible book value
-$107M
Cash & investments
$22M
Stock comp / revenue
3.6%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-05 | Konezny Ronald | Tax withheld | 40K | $66.78 |
| 2026-06-05 | Konezny Ronald | Option exercise | 61K | $21.53 |
| 2026-06-02 | Loch James J. | Option exercise | 100K | $13.76 |
| 2026-06-02 | Loch James J. | Option exercise | 35K | $16.75 |
| 2026-06-02 | Loch James J. | Option exercise | 34K | $21.53 |
| 2026-06-02 | Loch James J. | Option exercise | 39K | $17.94 |
| 2026-06-02 | Loch James J. | Tax withheld | 68K | $69.29 |
| 2026-06-02 | Loch James J. | Sell | 98K | $69.42 |
| 2026-06-02 | Loch James J. | Sell | 2.4K | $70.31 |
| 2026-05-26 | Freeland James E. | Sell | 450 | $68.00 |
| 2026-05-13 | Sampsell David H. | Sell | 6.4K | $65.11 |
| 2026-05-11 | Schneider Terrence G. | Option exercise | 14K | $16.75 |
| 2026-05-11 | Schneider Terrence G. | Sell | 14K | $65.61 |
| 2026-05-06 | Freeland James E. | Tax withheld | 700 | $58.85 |
| 2026-02-10 | Freeland James E. | Sell | 1.4K | $45.84 |
| 2026-02-10 | Khanuja Satbir | Sell | 6.0K | $46.00 |
| 2026-02-10 | Sampsell David H. | Sell | 5.0K | $45.74 |
| 2026-02-09 | Lazarakis Spiro C. | Grant | 4.1K | — |
| 2026-02-09 | West Hughes Allison | Grant | 4.1K | — |
| 2026-02-09 | Naguib Hatem H. | Grant | 4.1K | — |
| 2026-02-09 | Khanuja Satbir | Grant | 4.1K | — |
| 2026-02-09 | Sampsell David H. | Option exercise | 324 | $21.53 |
| 2026-02-09 | Sampsell David H. | Sell | 1.1K | $45.04 |
| 2026-02-09 | Heim Christopher | Grant | 4.1K | — |
| 2026-02-09 | HEUSINKVELD VALERIE A | Grant | 4.1K | — |
| 2025-11-30 | Loch James J. | Tax withheld | 1.9K | $41.83 |
| 2025-11-30 | Konezny Ronald | Tax withheld | 3.4K | $41.83 |
| 2025-11-30 | Sampsell David H. | Tax withheld | 878 | $41.83 |
| 2025-11-30 | Schneider Terrence G. | Tax withheld | 732 | $41.83 |
| 2025-11-29 | Konezny Ronald | Tax withheld | 32K | $41.83 |
| 2025-11-29 | Schneider Terrence G. | Tax withheld | 575 | $41.83 |
| 2025-11-29 | Loch James J. | Tax withheld | 6.4K | $41.83 |
| 2025-11-29 | Sampsell David H. | Tax withheld | 5.6K | $41.83 |
| 2025-11-26 | Freeland James E. | Tax withheld | 459 | $42.36 |
| 2025-11-26 | Loch James J. | Tax withheld | 2.0K | $42.36 |
| 2025-11-26 | Schneider Terrence G. | Tax withheld | 772 | $42.36 |
| 2025-11-26 | Konezny Ronald | Tax withheld | 4.3K | $42.36 |
| 2025-11-26 | Sampsell David H. | Tax withheld | 1.1K | $42.36 |
| 2025-11-25 | Sampsell David H. | Sell | 8.7K | $41.52 |
| 2025-11-25 | Sampsell David H. | Option exercise | 8.7K | $21.53 |
| 2025-11-25 | Schneider Terrence G. | Sell | 4.2K | $41.68 |
| 2025-11-24 | Sampsell David H. | Sell | 4.7K | $40.00 |
| 2025-11-24 | Sampsell David H. | Option exercise | 4.7K | $16.75 |
| 2025-11-24 | Schneider Terrence G. | Option exercise | 17K | $17.94 |
| 2025-11-24 | Schneider Terrence G. | Sell | 17K | $40.56 |
| 2025-11-22 | Konezny Ronald | Tax withheld | 3.2K | $40.02 |
| 2025-11-22 | Loch James J. | Tax withheld | 1.5K | $40.02 |
| 2025-11-22 | Schneider Terrence G. | Tax withheld | 622 | $40.02 |
| 2025-11-22 | Sampsell David H. | Tax withheld | 813 | $40.02 |
| 2025-11-21 | Konezny Ronald | Grant | 38K | — |
| 2025-11-21 | Schneider Terrence G. | Grant | 5.3K | — |
| 2025-11-21 | Loch James J. | Grant | 15K | — |
| 2025-11-21 | Sampsell David H. | Grant | 7.1K | — |
| 2025-11-21 | Freeland James E. | Grant | 5.0K | — |
| 2025-11-17 | Sampsell David H. | Option exercise | 22K | $17.94 |
| 2025-11-17 | Sampsell David H. | Sell | 22K | $38.38 |
| 2025-11-03 | Loch James J. | Tax withheld | 2.0K | $36.15 |
| 2025-11-03 | Loch James J. | Grant | 5.4K | — |
| 2025-11-03 | Loch James J. | Tax withheld | 2.6K | $36.15 |
| 2025-11-03 | Schneider Terrence G. | Grant | 1.6K | — |
| 2025-11-03 | Schneider Terrence G. | Tax withheld | 767 | $36.15 |
| 2025-11-03 | Schneider Terrence G. | Grant | 1.7K | — |
| 2025-11-03 | Schneider Terrence G. | Tax withheld | 829 | $36.15 |
| 2025-11-03 | Schneider Terrence G. | Grant | 2.1K | — |
| 2025-11-03 | Schneider Terrence G. | Tax withheld | 1.0K | $36.15 |
| 2025-11-03 | Konezny Ronald | Grant | 7.8K | — |
| 2025-11-03 | Konezny Ronald | Tax withheld | 3.8K | $36.15 |
| 2025-11-03 | Konezny Ronald | Grant | 8.6K | — |
| 2025-11-03 | Konezny Ronald | Tax withheld | 4.2K | $36.15 |
| 2025-11-03 | Konezny Ronald | Grant | 12K | — |
| 2025-11-03 | Konezny Ronald | Tax withheld | 5.8K | $36.15 |
| 2025-11-03 | Sampsell David H. | Grant | 1.8K | — |
| 2025-11-03 | Sampsell David H. | Tax withheld | 894 | $36.15 |
| 2025-11-03 | Sampsell David H. | Grant | 2.2K | — |
| 2025-11-03 | Sampsell David H. | Tax withheld | 1.1K | $36.15 |
| 2025-11-03 | Sampsell David H. | Grant | 2.9K | — |
| 2025-11-03 | Sampsell David H. | Tax withheld | 1.4K | $36.15 |
| 2025-11-03 | Freeland James E. | Tax withheld | 612 | $36.15 |
| 2025-11-03 | Freeland James E. | Grant | 2.0K | — |
| 2025-11-03 | Freeland James E. | Tax withheld | 615 | $36.15 |
| 2025-11-03 | Freeland James E. | Grant | 2.0K | — |
| 2025-11-03 | Loch James J. | Grant | 3.9K | — |
| 2025-11-03 | Loch James J. | Tax withheld | 1.9K | $36.15 |
| 2025-11-03 | Loch James J. | Grant | 4.1K | — |
| 2025-05-06 | Freeland James E. | Tax withheld | 541 | $27.99 |
| 2025-02-21 | Konezny Ronald | Option exercise | 133K | $17.94 |
| 2025-02-21 | Konezny Ronald | Option exercise | 77K | $16.75 |
| 2025-02-10 | Heim Christopher | Grant | 4.0K | — |
| 2025-02-10 | Khanuja Satbir | Grant | 4.0K | — |
| 2025-02-10 | Naguib Hatem H. | Grant | 4.0K | — |
| 2025-02-10 | Lazarakis Spiro C. | Grant | 4.0K | — |
| 2025-02-10 | West Hughes Allison | Grant | 4.1K | — |
| 2025-02-10 | HEUSINKVELD VALERIE A | Grant | 4.1K | — |
| 2025-01-08 | Sampsell David H. | Gift | 65K | — |
| 2025-01-08 | Sampsell David H. | Gift | 65K | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-06 | ResultsExhibits | filing ↗ |
| 2026-03-05 | Exec/director changeExhibits | filing ↗ |
| 2026-02-04 | ResultsExhibits | filing ↗ |
| 2025-12-30 | Material agreementExhibits | filing ↗ |
| 2025-11-12 | ResultsExhibits | filing ↗ |
| 2025-08-19 | Debt obligationReg FDExhibits | filing ↗ |
| 2025-08-06 | ResultsExhibits | filing ↗ |
| 2025-05-07 | ResultsExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 10-Q | 2026-05-06 | 2026-03-31 | 0000854775-26-000018 ↗ |
| 8-K | 2026-05-06 | 2026-05-06 | 0000854775-26-000016 ↗ |
| 8-K | 2026-03-05 | 2026-02-27 | 0000854775-26-000008 ↗ |
| 10-Q | 2026-02-04 | 2025-12-31 | 0000854775-26-000005 ↗ |
| 8-K | 2026-02-04 | 2026-02-04 | 0000854775-26-000004 ↗ |
| 8-K | 2025-12-30 | 2025-12-30 | 0000854775-25-000029 ↗ |
| 10-K | 2025-11-21 | 2025-09-30 | 0000854775-25-000026 ↗ |
| 8-K | 2025-11-12 | 2025-11-12 | 0000854775-25-000024 ↗ |
| 8-K | 2025-08-19 | 2025-08-18 | 0000854775-25-000022 ↗ |
| 8-K | 2025-08-06 | 2025-08-06 | 0000854775-25-000017 ↗ |
| 10-Q | 2025-08-06 | 2025-06-30 | 0000854775-25-000018 ↗ |
| 8-K | 2025-05-07 | 2025-05-07 | 0000854775-25-000012 ↗ |