Digital Ally Inc Financials

DGLY

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Digital Ally Inc (DGLY) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 14 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Piotroski F-Score Neutral

4/9

Digital Ally Inc passes 4 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Low Quality

0.24x

For every $1 of reported earnings, Digital Ally Inc generates $0.24 in operating cash flow (-$5.1M OCF vs -$21.7M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-4.0x

Digital Ally Inc earns $-4.0 in operating income for every $1 of interest expense (-$15.2M vs $3.8M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Revenue

$19.7M

YoY-30.4%

5Y CAGR+11.7%

10Y CAGR+1.0%

Digital Ally Inc generated $19.7M in revenue in fiscal year 2024. This represents a decrease of 30.4% from the prior year.

EBITDA

-$13.2M

YoY+34.2%

Digital Ally Inc's EBITDA was -$13.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 34.2% from the prior year.

Free Cash Flow

N/A

Net Income

-$21.7M

YoY+14.7%

Digital Ally Inc reported -$21.7M in net income in fiscal year 2024. This represents an increase of 14.7% from the prior year.

EPS (Diluted)

$-5.58

YoY+39.5%

Digital Ally Inc earned $-5.58 per diluted share (EPS) in fiscal year 2024. This represents an increase of 39.5% from the prior year.

Cash & Debt

$454K

YoY-33.2%

5Y CAGR-33.9%

10Y CAGR-0.0%

Digital Ally Inc held $454K in cash against $141K in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

Digital Ally Inc had 6M shares outstanding in fiscal year 2024.

Gross Margin

27.9%

YoY+7.5pp

5Y CAGR-7.2pp

10Y CAGR-28.8pp

Digital Ally Inc's gross margin was 27.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 7.5 percentage points from the prior year.

Operating Margin

-77.3%

YoY+1.4pp

5Y CAGR+16.1pp

10Y CAGR-64.7pp

Digital Ally Inc's operating margin was -77.3% in fiscal year 2024, reflecting core business profitability. This is up 1.4 percentage points from the prior year.

Net Margin

-110.5%

YoY-20.4pp

5Y CAGR+27.2pp

10Y CAGR-96.5pp

Digital Ally Inc's net profit margin was -110.5% in fiscal year 2024, showing the share of revenue converted to profit. This is down 20.4 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

$1.3M

YoY-48.8%

5Y CAGR-1.5%

10Y CAGR-9.6%

Digital Ally Inc invested $1.3M in research and development in fiscal year 2024. This represents a decrease of 48.8% from the prior year.

Share Buybacks

N/A

Capital Expenditures

N/A

DGLY Income Statement

Metric	FY24	FY23	FY21	FY20	FY19	FY18
Revenue	$19.7M-30.4%	$28.2M+31.9%	$21.4M+103.6%	$10.5M+0.7%	$10.4M-7.5%	$11.3M
Cost of Revenue	$14.2M-37.0%	$22.5M+42.8%	$15.7M+144.1%	$6.5M-10.5%	$7.2M-1.6%	$7.3M
Gross Profit	$5.5M-4.7%	$5.8M+1.7%	$5.7M+39.4%	$4.1M+25.7%	$3.2M-18.4%	$4.0M
R&D Expenses	$1.3M-48.8%	$2.6M+35.6%	$1.9M+4.8%	$1.8M-8.1%	$2.0M+38.9%	$1.4M
SG&A Expenses	$20.7M-26.1%	$28.0M+37.1%	$20.4M+74.2%	$11.7M+26.6%	$9.3M-36.2%	$14.5M
Operating Income	-$15.2M+31.7%	-$22.2M-50.7%	-$14.8M-92.6%	-$7.7M-27.0%	-$6.0M+42.9%	-$10.6M
Interest Expense	$3.8M+21.7%	$3.1M+10858.9%	$29K-91.6%	$342K+689.4%	$43K-96.8%	$1.4M
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$21.7M+14.7%	-$25.5M-199.7%	$25.5M+1072.3%	-$2.6M+73.8%	-$10.0M+35.6%	-$15.5M
EPS (Diluted)	$-5.58+39.5%	$-9.22-190.9%	$10.14+8550.0%	$-0.12+86.2%	$-0.87+54.9%	$-1.93

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q3'24	Q2'24	Q1'24	Q4'23
Revenue	$4.5M-19.4%	$5.6M+25.8%	$4.5M+0.5%	$4.5M+9.9%	$4.1M-27.9%	$5.6M+1.6%	$5.5M-6.8%	$5.9M
Cost of Revenue	$3.2M-49.5%	$6.3M+118.0%	$2.9M+16.3%	$2.5M+6.9%	$2.3M-57.0%	$5.4M+34.2%	$4.0M-29.5%	$5.7M
Gross Profit	$1.4M+316.8%	-$633K-139.5%	$1.6M-19.2%	$2.0M+14.0%	$1.7M+617.8%	$242K-84.1%	$1.5M+498.7%	$255K
R&D Expenses	$138K-25.1%	$184K+117.7%	$84K-11.7%	$96K-54.6%	$211K-61.4%	$546K+12.0%	$487K-15.9%	$579K
SG&A Expenses	$2.5M-28.0%	$3.5M+34.4%	$2.6M+14.5%	$2.2M-75.3%	$9.1M+119.5%	$4.2M-19.5%	$5.2M-17.2%	$6.2M
Operating Income	-$1.1M+72.6%	-$4.1M-320.1%	-$975K-268.6%	-$264K+96.4%	-$7.4M-88.6%	-$3.9M-7.6%	-$3.6M+39.1%	-$6.0M
Interest Expense	$91K+17.4%	$77K-90.2%	$792K-39.5%	$1.3M+69.7%	$772K-28.9%	$1.1M+67.3%	$649K-0.7%	$653K
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	$114K	N/A
Net Income	-$963K+78.5%	-$4.5M-205.2%	$4.3M+158.4%	-$7.3M-33.5%	-$5.5M-9.2%	-$5.0M-27.5%	-$3.9M+45.8%	-$7.3M
EPS (Diluted)	$-0.59	$-3.21-327.7%	$1.41	$5318.63+392.7%	$-1817.02+47.8%	$-3479.71-12562.7%	$-27.48-929.2%	$-2.67

DGLY Balance Sheet

Metric	FY24	FY23	FY21	FY20	FY19	FY18
Total Assets	$27.7M-41.0%	$47.0M-43.3%	$83.0M+299.0%	$20.8M+133.2%	$8.9M-37.8%	$14.3M
Current Assets	$10.4M-33.6%	$15.6M-72.2%	$56.1M+214.9%	$17.8M+133.0%	$7.7M-42.5%	$13.3M
Cash & Equivalents	$454K-33.2%	$681K-97.9%	$32.0M+633.8%	$4.4M+1112.7%	$360K-90.0%	$3.6M
Inventory	$2.6M-32.7%	$3.8M-60.2%	$9.7M+17.8%	$8.2M+55.3%	$5.3M-24.6%	$7.0M
Accounts Receivable	$1.3M-17.9%	$1.6M-41.9%	$2.7M+59.9%	$1.7M+59.2%	$1.1M-42.0%	$1.8M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$36.8M+3.3%	$35.6M+31.2%	$27.1M+321.1%	$6.4M-57.7%	$15.2M-3.3%	$15.8M
Current Liabilities	$29.7M+31.9%	$22.5M-2.1%	$23.0M+518.8%	$3.7M-46.0%	$6.9M+49.1%	$4.6M
Long-Term Debt	$141K-97.1%	$4.9M+567.3%	$727K+390.5%	$148K-91.9%	$1.8M	N/A
Total Equity	-$9.0M-178.7%	$11.4M-79.5%	$55.9M+289.1%	$14.4M+327.3%	-$6.3M-347.3%	-$1.4M
Retained Earnings	-$137.5M-16.9%	-$117.7M-71.3%	-$68.7M+23.7%	-$90.0M-3.0%	-$87.4M-12.9%	-$77.4M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q3'24	Q2'24	Q1'24	Q4'23
Total Assets	$25.1M-3.4%	$26.0M-14.2%	$30.3M+9.1%	$27.7M-14.0%	$32.3M-25.5%	$43.3M-4.1%	$45.2M-4.0%	$47.0M
Current Assets	$9.7M+0.1%	$9.7M-31.1%	$14.0M+35.6%	$10.4M-27.7%	$14.3M+0.5%	$14.2M-5.5%	$15.1M-3.3%	$15.6M
Cash & Equivalents	$793K+27.4%	$623K-83.4%	$3.8M+728.2%	$454K+9.4%	$415K-19.7%	$517K-44.3%	$928K+36.3%	$681K
Inventory	$2.6M+6.3%	$2.5M-0.9%	$2.5M-3.7%	$2.6M+11.2%	$2.3M+4.8%	$2.2M-29.6%	$3.1M-18.1%	$3.8M
Accounts Receivable	$1.3M+30.4%	$962K-22.9%	$1.2M-4.2%	$1.3M-18.3%	$1.6M+18.6%	$1.3M+11.2%	$1.2M-23.8%	$1.6M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$17.6M-1.4%	$17.8M-4.7%	$18.7M-49.2%	$36.8M+5.9%	$34.7M-13.8%	$40.3M+7.1%	$37.6M+5.7%	$35.6M
Current Liabilities	$9.8M+2.6%	$9.6M-10.4%	$10.7M-64.2%	$29.7M+8.1%	$27.5M-0.6%	$27.7M+12.1%	$24.7M+9.5%	$22.5M
Long-Term Debt	$138K-0.6%	$139K-0.6%	$140K-0.6%	$141K-0.6%	$142K-97.1%	$4.9M+0.5%	$4.9M+0.5%	$4.9M
Total Equity	$7.5M-7.8%	$8.2M-29.5%	$11.6M+228.4%	-$9.0M-268.1%	-$2.4M-180.3%	$3.1M-59.6%	$7.5M-34.1%	$11.4M
Retained Earnings	-$138.8M-0.7%	-$137.8M-3.4%	-$133.2M+3.1%	-$137.5M-5.7%	-$130.2M-2.7%	-$126.7M-4.2%	-$121.6M-3.3%	-$117.7M

DGLY Cash Flow Statement

Metric	FY24	FY23	FY21	FY20	FY19	FY18
Operating Cash Flow	-$5.1M+48.3%	-$9.9M+44.5%	-$17.8M-34.3%	-$13.3M-1080.6%	-$1.1M+87.5%	-$9.0M
Capital Expenditures	N/A	$2.1M-67.8%	$6.4M+933.7%	$622K+204.8%	$204K+379.7%	$43K
Free Cash Flow	N/A	-$20.6M+14.9%	-$24.3M-74.5%	-$13.9M-946.1%	-$1.3M+85.3%	-$9.1M
Investing Cash Flow	$388K+261.0%	-$241K+98.7%	-$19.1M-1175.6%	-$1.5M-463.3%	-$266K-275.1%	-$71K
Financing Cash Flow	$4.4M-40.3%	$7.4M-88.6%	$64.6M+244.0%	$18.8M+1115.7%	-$1.8M-115.2%	$12.1M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	$4.0M+103.9%	$2.0M	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q3'24	Q2'24	Q1'24	Q4'23
Operating Cash Flow	-$352K+87.8%	-$2.9M+49.8%	-$5.8M-459.4%	-$1.0M-51.9%	-$677K+72.8%	-$2.5M-171.1%	-$919K+77.3%	-$4.1M
Capital Expenditures	$43K-75.9%	$178K+318.3%	$42K-66.1%	$125K+11921.8%	-$1K-116.5%	$6K-65.3%	$18K+209.7%	$6K
Free Cash Flow	-$395K+87.1%	-$3.1M+47.1%	-$5.8M-437.4%	-$1.1M-59.0%	-$678K+72.8%	-$2.5M-166.4%	-$937K-57.0%	-$597K
Investing Cash Flow	-$36K+84.1%	-$228K-166.4%	-$85K-1617.9%	-$5K-101.4%	$356K+386.4%	-$124K-177.3%	$161K+470.0%	-$43K
Financing Cash Flow	$559K+2547.1%	-$23K-100.2%	$9.1M+752.7%	$1.1M+781.8%	$122K-94.5%	$2.2M+119.3%	$1.0M-62.3%	$2.7M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

DGLY Financial Ratios

Metric	FY24	FY23	FY21	FY20	FY19	FY18
Gross Margin	27.9%+7.5pp	20.4%-6.1pp	26.5%-12.2pp	38.6%+7.7pp	31.0%-4.1pp	35.1%
Operating Margin	-77.3%+1.4pp	-78.7%-9.8pp	-68.9%+3.9pp	-72.9%-15.1pp	-57.8%+35.7pp	-93.5%
Net Margin	-110.5%-20.4pp	-90.1%-209.4pp	119.2%+144.2pp	-25.0%+70.9pp	-95.8%+41.8pp	-137.7%
Return on Equity	N/A	N/A	45.7%	N/A	N/A	N/A
Return on Assets	-78.3%-24.1pp	-54.1%-84.9pp	30.8%+43.4pp	-12.6%+99.6pp	-112.2%-3.8pp	-108.4%
Current Ratio	0.35-0.3	0.69-1.7	2.44-2.4	4.79+3.7	1.11-1.8	2.88
Debt-to-Equity	-0.02-0.4	0.42+0.4	0.010.0	0.01+0.3	-0.29+10.9	-11.15
FCF Margin	N/A	-55.8%+57.5pp	-113.3%+18.9pp	-132.2%-119.4pp	-12.7%+67.5pp	-80.2%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q3'24	Q2'24	Q1'24	Q4'23
Gross Margin	30.2%+41.5pp	-11.2%-47.0pp	35.8%-8.7pp	44.5%+1.6pp	42.9%+38.6pp	4.3%-23.2pp	27.6%+23.3pp	4.3%
Operating Margin	-24.7%+48.0pp	-72.7%-50.9pp	-21.8%-15.8pp	-5.9%+176.3pp	-182.2%-112.5pp	-69.7%-3.9pp	-65.8%+35.0pp	-100.8%
Net Margin	-21.2%+58.5pp	-79.7%-175.1pp	95.3%+259.3pp	-164.0%-29.0pp	-135.0%-45.8pp	-89.2%-18.1pp	-71.1%+51.2pp	-122.3%
Return on Equity	N/A	N/A	36.9%	N/A	N/A	N/A	1.4%	N/A
Return on Assets	-3.8%+13.5pp	-17.3%-31.4pp	14.1%+40.4pp	-26.3%-9.4pp	-17.0%-5.4pp	-11.6%-2.9pp	-8.7%+6.7pp	-15.4%
Current Ratio	0.99-0.0	1.01-0.3	1.32+1.0	0.35-0.2	0.520.0	0.51-0.1	0.61-0.1	0.69
Debt-to-Equity	0.020.0	0.020.0	0.01+0.0	-0.02+0.0	-0.06-1.7	1.61+1.0	0.65+0.2	0.42
FCF Margin	-8.7%+45.7pp	-54.5%+75.1pp	-129.5%-85.0pp	-44.6%-27.8pp	-16.7%+27.7pp	-44.5%-27.5pp	-17.0%+3.8pp	-20.7%

Note: Shareholder equity is negative (-$9.0M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Note: The current ratio is below 1.0 (0.35), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Digital Ally Inc's annual revenue?

Digital Ally Inc (DGLY) reported $19.7M in total revenue for fiscal year 2024. This represents a -30.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Digital Ally Inc's revenue growing?

Digital Ally Inc (DGLY) revenue declined by 30.4% year-over-year, from $28.2M to $19.7M in fiscal year 2024.

Is Digital Ally Inc profitable?

No, Digital Ally Inc (DGLY) reported a net income of -$21.7M in fiscal year 2024, with a net profit margin of -110.5%.

What is Digital Ally Inc's earnings per share (EPS)?

Digital Ally Inc (DGLY) reported diluted earnings per share of $-5.58 for fiscal year 2024. This represents a 39.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Digital Ally Inc's EBITDA?

Digital Ally Inc (DGLY) had EBITDA of -$13.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Digital Ally Inc have?

As of fiscal year 2024, Digital Ally Inc (DGLY) had $454K in cash and equivalents against $141K in long-term debt.

What is Digital Ally Inc's gross margin?

Digital Ally Inc (DGLY) had a gross margin of 27.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Digital Ally Inc's operating margin?

Digital Ally Inc (DGLY) had an operating margin of -77.3% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Digital Ally Inc's net profit margin?

Digital Ally Inc (DGLY) had a net profit margin of -110.5% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Digital Ally Inc's operating cash flow?

Digital Ally Inc (DGLY) generated -$5.1M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Digital Ally Inc's total assets?

Digital Ally Inc (DGLY) had $27.7M in total assets as of fiscal year 2024, including both current and long-term assets.

How much does Digital Ally Inc spend on research and development?

Digital Ally Inc (DGLY) invested $1.3M in research and development during fiscal year 2024.

How many shares does Digital Ally Inc have outstanding?

Digital Ally Inc (DGLY) had 6M shares outstanding as of fiscal year 2024.

What is Digital Ally Inc's current ratio?

Digital Ally Inc (DGLY) had a current ratio of 0.35 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

What is Digital Ally Inc's debt-to-equity ratio?

Digital Ally Inc (DGLY) had a debt-to-equity ratio of -0.02 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Digital Ally Inc's return on assets (ROA)?

Digital Ally Inc (DGLY) had a return on assets of -78.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Digital Ally Inc's cash runway?

Based on fiscal year 2024 data, Digital Ally Inc (DGLY) had $454K in cash against an annual operating cash burn of $5.1M. This gives an estimated cash runway of approximately 1 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

Why is Digital Ally Inc's debt-to-equity ratio negative or unusual?

Digital Ally Inc (DGLY) has negative shareholder equity of -$9.0M as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is Digital Ally Inc's Piotroski F-Score?

Digital Ally Inc (DGLY) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Digital Ally Inc's earnings high quality?

Digital Ally Inc (DGLY) has an earnings quality ratio of 0.24x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Digital Ally Inc cover its interest payments?

Digital Ally Inc (DGLY) has an interest coverage ratio of -4.0x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.