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DGNXDiginex Limited
$0.90$26M
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Diginex Limited (DGNX) Financials

4Y historyFree accessUpdated daily

The company reported $1.7 million in quarterly revenue alongside a -406.93% operating margin, indicating that current expenses significantly outpace top-line growth.

DGNX Income Statement

Income StatementBalance SheetCash FlowRatios
AnnualQuarterly
MetricTTMMar'25Mar'24Mar'23Mar'22
Sales/Revenue1.68M2.04M1.3M1.63M1.12M
Revenue Growth %-57.03%-20.07%45.15%-
Cost of Goods Sold00000
COGS % of Revenue-----
Gross Profit02.04M1.3M1.63M1.12M
Gross Margin %0%100%100%100%100%
Gross Profit Growth %-57.03%-20.07%45.15%-
Operating Expenses6.56M10.34M9.36M8.9M8.48M
OpEx % of Revenue-506.93%720.51%547.47%756.83%
Selling, General & Admin6.56M8.77M7.04M6.22M6.34M
SG&A % of Revenue-429.59%541.43%382.48%565.75%
Research & Development00000
R&D % of Revenue-----
Other Operating Expenses01.58M2.33M2.68M2.14M
Operating Income-4.96M-8.3M-8.06M-7.27M-7.36M
Operating Margin %-295.67%-406.93%-620.51%-447.47%-656.83%
Operating Income Growth %--2.98%-10.85%1.12%-
EBITDA-4.88M-8.18M-7.96M-7.27M-7.36M
EBITDA Margin %-291.23%-400.78%-612.57%-447.4%-656.8%
EBITDA Growth %--2.74%-9.44%1.13%-
D&A (Non-Cash Add-back)74.43K125.58K103.28K1.01K335
EBIT-4.96M-4.8M-4.31M-9.04M-12.97M
Net Interest Income175.8K-410.08K-551.78K-219.88K31
Interest Income181.82K8587357631
Interest Expense6.02K410.17K552.65K220.46K0
Other Income/Expense207.14K3.09M3.2M-1.98M-5.61M
Pretax Income-4.75M-5.21M-4.86M-9.26M-12.97M
Pretax Margin %-283.32%-255.46%-374.17%-569.43%-1157.67%
Income Tax8.81K08.92K00
Effective Tax Rate %-0.19%0%-0.18%0%0%
Net Income-4.76M-5.21M-4.87M-9.26M-12.97M
Net Margin %-283.84%-255.46%-374.86%-569.43%-1157.67%
Net Income Growth %--7.01%47.38%28.61%-
Net Income (Continuing)-4.76M-5.21M-4.87M-9.26M-12.97M
Discontinued Operations00000
Minority Interest00000
EPS (Diluted)--0.53-0.22-0.41-0.57
EPS Growth %--140.91%46.34%28.07%-
EPS (Basic)--0.33-0.22-0.41-0.57
Diluted Shares Outstanding23.93M17.53M22.66M22.66M22.66M
Basic Shares Outstanding23.93M15.66M22.66M22.66M22.67M
Dividend Payout Ratio-----

Key Metrics

Growth RegimeExpanding
ProfitabilityNegative
Balance SheetVulnerable
Cash FlowBurning
Top Statement Risk

Insufficient liquidity for operations

Early Stage Revenue Expansion

According to recent financial disclosures, Diginex Limited achieved 57.03% year-over-year revenue growth, signaling a transition from initial product development toward market entry, although the absolute revenue base remains limited at $1.7 million for the most recent quarter, necessitating significant scale to achieve long-term viability.

The reported growth suggests that the company's diginexESG and diginexCLIMATE platforms are gaining traction within their target regulatory compliance markets. However, investors should monitor whether this expansion is driven by sustainable recurring SaaS subscriptions or non-recurring advisory fees, as the latter may lack the durability required for long-term valuation support.

Structural Margin Anomalies Observed

As reported in the latest income statement, the company displays a 100% gross margin, which warrants further investigation as it likely reflects an accounting treatment that excludes direct service delivery costs from COGS, potentially masking the true operational intensity of the firm's managed services and advisory business.

The absence of recognized COGS is highly unusual for a firm providing high-touch advisory and managed services. This suggests that cloud hosting and personnel costs associated with service delivery are likely buried within operating expenses, which may lead to an overstatement of underlying gross profitability.

Operating Leverage Remains Severely Constrained

Based on the reported figures, Diginex Limited is currently operating with a -406.93% operating margin, indicating that for every dollar of revenue generated, the company is incurring over four dollars in operating expenses, which highlights a significant lack of operational efficiency at the current scale.

The heavy investment in R&D and global administrative overhead relative to the $2 million revenue base suggests a business model that is currently optimized for product breadth rather than fiscal discipline. Without a substantial increase in revenue to amortize these fixed costs, the company may continue to face significant pressure on its operating income.

Sustainability of Current Cash Runway

As indicated by the company's $3.1 million cash position and high quarterly burn rate, the current financial structure appears vulnerable, suggesting that Diginex Limited may require a significant capital infusion in the near term to sustain its current operational footprint and avoid liquidity constraints.

Short-sellers would likely focus on the disconnect between the company's ambitious product ecosystem and its limited cash reserves. The reliance on external funding to bridge the gap between current revenue and operating expenses poses a material risk to shareholders, particularly if capital market conditions tighten.

DGNX — Frequently Asked Questions

Quick answers to the most common questions about buying DGNX stock.

What was Diginex Limited's (DGNX) revenue in 2025?

For fiscal year 2025, Diginex Limited (DGNX) reported total revenue of $2.0M. This represents a 82.2% increase compared to $1.1M in 2022.

Is Diginex Limited (DGNX) profitable?

Diginex Limited (DGNX) reported a net loss of $5.2M for the fiscal year ending 2025.

What is Diginex Limited's operating profit margin?

Diginex Limited (DGNX) reported an operating income of $-8.3M, resulting in an operating profit margin of -406.9%. This margin reflects the operational efficiency of the business before interest and taxes.

What is Diginex Limited's gross profit and gross margin?

Diginex Limited (DGNX) generated $2.0M in gross profit for the year, representing a gross profit margin of 100.0%. This demonstrates the company's core pricing power and production efficiency.