Aug 31, 5:26 PM ET
On August 27, 2026, Digi International entered into an amended and restated $350 million senior secured revolving credit agreement with BMO Bank N.A. as administrative agent. The new facility replaces a $250 million agreement dated December 7, 2023, which Digi paid off and terminated, and it matures on August 27, 2031. The company says the expanded capacity and lower pricing give it more financial flexibility for acquisitions, though the filing does not report any earnings or cash flow figures.
- $350 million senior secured revolving facility, with an uncommitted accordion of the greater of $130 million or 100% of trailing four-quarter EBITDA, maturing August 27, 2031.
- Replaces the $250 million revolving credit agreement dated December 7, 2023, which was paid off and terminated on August 27, 2026.
- Term SOFR margins range from 1.25% to 2.625%, compared with 135 to 310 basis points under the prior facility, according to the press release.
- Maximum total net leverage covenant increased from 3.0x to 3.50x; minimum interest coverage ratio of 3.00x is unchanged.
Read the filing on SEC.gov ↗
Aug 5, 4:09 PM ET
Digi International reported results for its fiscal third quarter ended June 30, 2026, with revenue of $139 million, up 29%, and net income of $16 million, up 54%. The company also raised its fiscal 2026 revenue and adjusted EBITDA outlook, which gives shareholders a higher expected range for the full year.
- Q3 fiscal 2026 revenue was $139 million, up 29%; net income was $16 million, up 54%; diluted EPS was $0.40, up 48%.
- Fiscal 2026 revenue guidance is $529 million to $533 million, up from prior guidance of 20-22% growth.
- Fiscal 2026 adjusted EBITDA guidance is $146.0 million to $147.5 million.
- Debt net of cash was $81 million at quarter end; operating cash flow was $33 million in the quarter.
Read the filing on SEC.gov ↗
May 6, 4:09 PM ET
Digi International reported record second-quarter fiscal 2026 revenue of $131 million, up 25%, with net income of $11 million, up 8%, for the quarter ended March 31, 2026. The company raised its fiscal 2026 outlook, now expecting revenue growth of 20-22% and adjusted EBITDA growth of 23-26%. Debt of $143 million and net debt of $111 million at quarter end, after the Particle acquisition, remain a balance sheet consideration for shareholders.
- Revenue was $131 million, up 25%; net income was $11 million, up 8%; diluted EPS was $0.29, up 4%.
- Fiscal 2026 guidance now calls for ARR growth of 25%, revenue growth of 20-22% and adjusted EBITDA growth of 23-26%.
- Third-quarter revenue is estimated at $130 million to $134 million, and adjusted EBITDA at $35.5 million to $37.0 million.
- Debt was $143 million and cash was $32 million at March 31, 2026, leaving net debt of $111 million after the Particle acquisition in January 2026.
Read the filing on SEC.gov ↗
Mar 5, 4:05 PM ET
On February 27, 2026, Digi International's Compensation Committee approved one-time performance stock unit awards for CFO James J. Loch and General Counsel David H. Sampsell. The awards are tied to software integration goals and to successor identification and onboarding, and they vest only if the conditions are met.
- Loch's award covers up to 14,668 shares, split into three tranches vesting November 1 of 2026, 2027 and 2028.
- Sampsell's award covers 12,223 shares, eligible to vest as of December 31, 2028, if he assists with successor onboarding for the general counsel and corporate development roles.
- Vesting for both awards depends on continued service and certification of performance by the Committee.
Read the filing on SEC.gov ↗
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