Currently， innovation research has rapidly shifted from traditional non-digital technological innovation to digital innovation. As an important subfield， the theory of profiting from innovation faces challenges that differ from those in the industrial economy within the context of the digital economy. Is the traditional theory of profiting from innovation still applicable？ What is the logic behind profiting from digital innovation？ How can organizations profit from digital innovation？ These are urgent questions that need to be addressed. Therefore， it is necessary to systematically examine these issues based on the essence of digital innovation and in conjunction with existing research on profiting from innovation. Existing research on digital innovation has mostly focused on value creation， with less attention given to the issue of value capture. Thus， after outlining the essence and characteristics of digital innovation， it synthesized and summarized the literature on profiting from digital innovation published in top international journals between 2013 and 2024， and constructed the “theoretical logic-strategy process” framework for profiting from digital innovation. Based on this theoretical framework， it further identified key future research directions in the field of profiting from digital innovation. The conclusions aim to contribute to the development of the theory of profiting from innovation in the context of digital innovation.