DIH Holdings US Financials
DIH Holdings US (DHAI) reported $62.9M in revenue for fiscal year 2025, down 2.5% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 3 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).
Recovering product-level margins are being overwhelmed by a fixed operating cost base, leaving the business cash-consuming and externally financed.
Between FY2024 and FY2025, gross margin recovered from46.2% to51.2% . But operating cash flow still fell from-$694K to-$4.1M , showing that better unit economics were overwhelmed by a heavier overhead load and working-capital demands.
FY2025 revenue slipped while SG&A rose to
Liquidity tightened as the current ratio fell from 0.7x to 0.5x, meaning short-term obligations increasingly exceeded near-term assets. FY2025 financing provided
Financial Health Signals
DIH Holdings US does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
DIH Holdings US passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
DIH Holdings US reported a net loss of $8.7M while operations used $4.1M of cash. With neither figure positive, the ratio between the two carries no quality signal.
DIH Holdings US reported an operating loss of $7.0M against $317K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
DIH Holdings US generated $62.9M in revenue in fiscal year 2025. This represents a decrease of 2.5% from the prior year.
DIH Holdings US's EBITDA was -$6.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 91.6% from the prior year.
DIH Holdings US reported -$8.7M in net income in fiscal year 2025. This represents a decrease of 1455.2% from the prior year.
Cash & Balance Sheet
DIH Holdings US recorded an outflow of $4.7M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents a decrease of 422.2% from the prior year.
DIH Holdings US held $1.9M in cash against $2.4M in long-term debt as of fiscal year 2025, with $42.9M of liabilities due within a year.
Not reported for fiscal year 2025.
Margins & Returns
DIH Holdings US's gross margin was 51.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 5.1 percentage points from the prior year.
DIH Holdings US's operating margin was -11.2% in fiscal year 2025, reflecting core business profitability. This is down 5.7 percentage points from the prior year.
DIH Holdings US's net profit margin was -13.8% in fiscal year 2025, showing the share of revenue converted to profit. This is down 14.8 percentage points from the prior year.
Not reported for fiscal year 2025.
Capital Allocation
DIH Holdings US invested $7.1M in research and development in fiscal year 2025. This represents an increase of 7.4% from the prior year.
DIH Holdings US invested $536K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 165.3% from the prior year.
Not reported for fiscal year 2025.
DHAI Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $12.6M-16.2% | $15.1M-16.9% | $18.2M+7.1% | $17.0M-12.4% | $19.4M+1.8% | $19.0M+45.6% | $13.1M+0.1% | $13.0M |
| Cost of Revenue | $6.7M-15.0% | $7.9M-8.7% | $8.6M+14.7% | $7.5M-30.5% | $10.8M+25.3% | $8.6M+12.5% | $7.7M+0.1% | $7.6M |
| Gross Profit | $6.0M-17.6% | $7.2M-24.3% | $9.6M+1.1% | $9.5M+10.4% | $8.6M-17.6% | $10.4M+92.3% | $5.4M+0.2% | $5.4M |
| R&D Expenses | $1.8M-1.7% | $1.8M-6.5% | $1.9M+16.2% | $1.6M-14.7% | $1.9M+16.2% | $1.7M+4.7% | $1.6M+10.2% | $1.4M |
| SG&A Expenses | $7.4M-9.5% | $8.2M+42.3% | $5.8M-33.1% | $8.6M+6.0% | $8.1M+49.3% | $5.4M-14.6% | $6.4M+9.2% | $5.8M |
| Operating Income | -$5.4M-95.4% | -$2.7M-245.4% | $1.9M+336.3% | -$799K+66.7% | -$2.4M-172.8% | $3.3M+229.4% | -$2.5M-35.7% | -$1.9M |
| Interest Expense | $131K+424.0% | $25K-3.8% | $26K-80.7% | $135K-42.1% | $233K+25.9% | $185K+19.4% | $155K+29.2% | $120K |
| Income Tax | -$1.0M-376.6% | $367K+9.6% | $335K-53.7% | $723K+23.2% | $587K+54.1% | $381K+632.7% | $52K-77.0% | $226K |
| Net Income | -$4.4M-18.1% | -$3.7M-1493.2% | -$234K+24.5% | -$310K-110.1% | $3.1M+3.3% | $3.0M+219.5% | -$2.5M+14.7% | -$2.9M |
| EPS (Diluted) | -$5.95 | -$0.11-1000.0% | -$0.010.0% | -$0.01+95.5% | -$0.22-283.3% | $0.12+220.0% | -$0.10+16.7% | -$0.12 |
DHAI Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $26.8M-15.9% | $31.8M-16.7% | $38.2M-0.9% | $38.6M+7.9% | $35.7M-39.1% | $58.7M+2.0% | $57.5M-4.6% | $60.3M |
| Current Assets | $21.2M-12.4% | $24.2M-18.9% | $29.8M+0.2% | $29.7M+9.8% | $27.1M+218888.3% | $12K-77.6% | $55K-39.4% | $91K |
| Cash & Equivalents | $1.9M+73.1% | $1.1M-36.3% | $1.8M-36.0% | $2.7M-14.8% | $3.2M+26002.8% | $12K-98.9% | $1.1M+49.1% | $762K |
| Inventory | $7.0M-11.5% | $8.0M-17.0% | $9.6M+6.8% | $9.0M+14.7% | $7.8M | N/A | N/A | N/A |
| Accounts Receivable | $3.2M-15.3% | $3.8M-39.9% | $6.4M-1.2% | $6.5M+24.4% | $5.2M | N/A | N/A | N/A |
| Total Liabilities | $63.9M-8.3% | $69.7M-4.0% | $72.6M0.0% | $72.6M+6.3% | $68.3M-24.3% | $90.2M-1.9% | $92.0M+0.3% | $91.7M |
| Current Liabilities | $42.9M-9.4% | $47.3M-4.1% | $49.4M+1.8% | $48.5M+7.9% | $45.0M+873.4% | $4.6M+26.5% | $3.7M+17.1% | $3.1M |
| Long-Term Debt | $2.4M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$37.1M+2.0% | -$37.9M-10.1% | -$34.4M-1.0% | -$34.1M-4.6% | -$32.5M-3.1% | -$31.6M+8.4% | -$34.5M-9.6% | -$31.4M |
| Retained Earnings | -$43.9M-11.2% | -$39.5M-10.4% | -$35.8M-0.7% | -$35.5M-0.9% | -$35.2M-194.8% | -$11.9M-7.6% | -$11.1M-6.1% | -$10.5M |
Not reported in any period shown, so not listed: Goodwill.
DHAI Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$3.3M-580.5% | $686K+44.1% | $476K+123.7% | -$2.0M-1846.5% | $115K+155.6% | -$207K-62.7% | -$127K+73.2% | -$475K |
| Capital Expenditures | $92K+338.1% | $21K-88.8% | $188K-20.0% | $235K+250.7% | $67K+8.1% | $62K+6.9% | $58K+286.7% | $15K |
| Free Cash Flow | -$3.4M-609.5% | $665K+130.9% | $288K+112.8% | -$2.2M-4768.3% | $48K+117.9% | -$269K-45.2% | -$185K+62.2% | -$490K |
| Investing Cash Flow | -$92K-338.1% | -$21K+88.8% | -$188K+20.0% | -$235K-100.2% | $148.7M+37169.6% | -$401K-111.6% | $3.5M+23227.8% | -$15K |
| Financing Cash Flow | $4.2M+367.5% | -$1.6M-54.6% | -$1.0M-157.4% | $1.8M+101.2% | -$146.5M-24873.6% | $592K+117.8% | -$3.3M-71.4% | -$1.9M |
| Share Buybacks | N/A | N/A | N/A | N/A | $149.3M | $0-100.0% | $3.9M | $0 |
Not reported in any period shown, so not listed: Dividends Paid.
DHAI Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 47.2%-0.8pp | 47.9%-4.7pp | 52.6%-3.1pp | 55.8%+11.5pp | 44.3%-10.5pp | 54.7%+13.3pp | 41.4%0.0pp | 41.4% |
| Operating Margin | -42.4%-24.2pp | -18.2%-28.6pp | 10.4%+15.1pp | -4.7%+7.7pp | -12.4%-29.8pp | 17.3%+36.9pp | -19.5%-5.1pp | -14.4% |
| Net Margin | -34.8%-10.1pp | -24.7%-23.4pp | -1.3%+0.5pp | -1.8%-17.7pp | 15.8%+0.2pp | 15.6%+34.6pp | -19.0%+3.3pp | -22.3% |
| Return on Assets | -16.5%-4.7pp | -11.7%-11.1pp | -0.6%+0.2pp | -0.8%-9.4pp | 8.6%+3.5pp | 5.1%+9.4pp | -4.3%+0.5pp | -4.8% |
| Current Ratio | 0.490.0x | 0.51-0.1x | 0.600.0x | 0.610.0x | 0.60+0.6x | 0.000.0x | 0.020.0x | 0.03 |
| FCF Margin | -26.8%-31.2pp | 4.4%+2.8pp | 1.6%+14.8pp | -13.2%-13.5pp | 0.3%+1.7pp | -1.4%0.0pp | -1.4%+2.3pp | -3.8% |
Not reported in any period shown, so not listed: Return on Equity, Debt-to-Equity.
Note: Shareholder equity is negative (-$37.1M), 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 (0.49), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Where DIH Holdings US Ranks
Frequently Asked Questions
What is DIH Holdings US's annual revenue?
DIH Holdings US (DHAI) reported $62.9M in total revenue for fiscal year 2025. This represents a -2.5% 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 DIH Holdings US's revenue growing?
DIH Holdings US (DHAI) revenue declined by 2.5% year-over-year, from $64.5M to $62.9M in fiscal year 2025.
Is DIH Holdings US profitable?
No, DIH Holdings US (DHAI) reported a net income of -$8.7M in fiscal year 2025, with a net profit margin of -13.8%.
What is DIH Holdings US's EBITDA?
DIH Holdings US (DHAI) had EBITDA of -$6.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does DIH Holdings US have?
As of fiscal year 2025, DIH Holdings US (DHAI) had $1.9M in cash and equivalents against $2.4M in long-term debt.
What is DIH Holdings US's gross margin?
DIH Holdings US (DHAI) had a gross margin of 51.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is DIH Holdings US's operating margin?
DIH Holdings US (DHAI) had an operating margin of -11.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is DIH Holdings US's net profit margin?
DIH Holdings US (DHAI) had a net profit margin of -13.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is DIH Holdings US's free cash flow?
DIH Holdings US (DHAI) recorded an outflow of $4.7M in free cash flow during fiscal year 2025. This represents a -422.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is DIH Holdings US's operating cash flow?
DIH Holdings US (DHAI) recorded an outflow of $4.1M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are DIH Holdings US's total assets?
DIH Holdings US (DHAI) had $26.8M in total assets as of fiscal year 2025, including both current and long-term assets.
What are DIH Holdings US's capital expenditures?
DIH Holdings US (DHAI) invested $536K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does DIH Holdings US spend on research and development?
DIH Holdings US (DHAI) invested $7.1M in research and development during fiscal year 2025.
What is DIH Holdings US's current ratio?
DIH Holdings US (DHAI) had a current ratio of 0.49 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is DIH Holdings US's return on assets (ROA)?
DIH Holdings US (DHAI) had a return on assets of -32.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
How does DIH Holdings US's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, DIH Holdings US (DHAI) held $1.9M in cash, cash equivalents and investments, and reported an operating cash outflow of $4.1M over that year. Dividing the one by the other, the reported balance equals about 6 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
Why is DIH Holdings US's debt-to-equity ratio negative or not reported?
DIH Holdings US (DHAI) has negative shareholder equity of -$37.1M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. 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 DIH Holdings US's Piotroski F-Score?
DIH Holdings US (DHAI) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are DIH Holdings US's earnings high quality?
DIH Holdings US (DHAI) reported a net loss of $8.7M while operations used $4.1M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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 DIH Holdings US cover its interest payments?
DIH Holdings US (DHAI) reported an operating loss of $7.0M against $317K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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.