Digi International Inc.
DGII Technology Communication Equipment
Digi International Inc.’s revenue for fiscal 2025 (year ended September 2025) was $430.2 million, up 1.46% from fiscal 2024. In the quarter to June 2026, revenue grew 29.0%, EPS grew 50.0%, free cash flow grew 41.5% and total debt rose 169.8%, each against the same quarter a year earlier. Operating cash flow growth for three consecutive years.
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Digi International Inc. (DGII) Altman Z-score
Digi International Inc.'s Altman Z-score for fiscal 2025 is 3.96, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 3.96 | 0.16 |
| FY2024 | 3.80 | 0.61 |
| FY2023 | 3.19 | 0.10 |
| FY2022 | 3.09 | (0.99) |
| FY2021 | 4.08 | 1.06 |
| FY2020 | 3.02 | (3.30) |
| FY2019 | 6.32 | (0.54) |
| FY2018 | 6.86 | (1.36) |
| FY2017 | 8.22 | 1.37 |
| FY2016 | 6.85 | (1.93) |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.02 | — | 0.03 | |
| Retained earnings / total assets | 0.31 | — | 0.44 | |
| EBIT / total assets | 0.06 | — | 0.20 | |
| Market value of equity / total liabilities | 4.70 | — | 2.82 | |
| Sales / total assets | 0.47 | — | 0.47 | |
| Altman Z-score | Safe zone | 3.96 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 3.92 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| DGII Digi International Inc. | 4.0× |
| BDC Belden Inc compare | 3.1× |
| AAOI Applied Optoelectronics, Inc. compare | 3.0× |
| EXTR Extreme Networks, Inc. compare | 2.5× |
| ONDS Ondas Holdings Inc. compare | 1.9× |
| VSAT Viasat Inc. compare | 0.8× |
| VISN Vistance Networks, Inc. compare | 0.5× |
| HLIT Harmonic Inc. compare | −1.0× |
| VIAV Viavi Solutions Inc. compare | −29.9× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets