DIH Holdings US Financials
This page shows DIH Holdings US (DHAIW) financial statements, including the 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).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
DIH Holdings US has an operating margin of -11.2%, meaning the company retains $-11 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -5.5% the prior year.
DIH Holdings US's revenue declined 2.5% year-over-year, from $64.5M to $62.9M. This contraction results in a growth score of 21/100.
DIH Holdings US's current ratio of 0.49 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 0/100, which could limit financial flexibility.
While DIH Holdings US generated -$4.1M in operating cash flow, capex of $536K consumed most of it, leaving -$4.7M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
DIH Holdings US earns a strong 23.4% return on equity (ROE), meaning it generates $23 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 93/100. This is up from -2.0% the prior year.
DIH Holdings US passes 4 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, DIH Holdings US generates $0.48 in operating cash flow (-$4.1M OCF vs -$8.7M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
DIH Holdings US earns $-22.2 in operating income for every $1 of interest expense (-$7.0M vs $317K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
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 generated -$4.7M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 422.2% 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.
DIH Holdings US earned $-6.07 per diluted share (EPS) in fiscal year 2025. This represents an increase of 24.1% from the prior year.
DIH Holdings US held $1.9M in cash against $2.4M in long-term debt as of fiscal year 2025.
DIH Holdings US had 2M shares outstanding in fiscal year 2025. This represents a decrease of 95.8% from the prior year.
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.
DIH Holdings US's ROE was 23.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 25.3 percentage points from the prior year.
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.
DHAIW Income Statement
| 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) | N/A | $-0.11-1000.0% | $-0.010.0% | $-0.01 | N/A | $0.12+220.0% | $-0.10+16.7% | $-0.12 |
DHAIW Balance Sheet
| 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 |
| Goodwill | N/A | N/A | N/A | N/A | N/A | 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 |
DHAIW Cash Flow Statement
| 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 |
| 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 | $149.3M | $0-100.0% | $3.9M | $0 |
DHAIW Financial Ratios
| 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 Equity | 11.9%+2.0pp | 9.8%+9.2pp | 0.7%-0.2pp | 0.9%+10.3pp | -9.4%-0.0pp | -9.4%-16.6pp | 7.2%-2.1pp | 9.3% |
| 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 | 0.49-0.0 | 0.51-0.1 | 0.600.0 | 0.61+0.0 | 0.60+0.6 | 0.00-0.0 | 0.02-0.0 | 0.03 |
| Debt-to-Equity | -0.06+1.8 | -1.84+0.3 | -2.11+0.0 | -2.13-0.0 | -2.10+0.8 | -2.86-0.2 | -2.67+0.2 | -2.92 |
| 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% |
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.
Frequently Asked Questions
What is DIH Holdings US's annual revenue?
DIH Holdings US (DHAIW) 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 (DHAIW) 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 (DHAIW) 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 earnings per share (EPS)?
DIH Holdings US (DHAIW) reported diluted earnings per share of $-6.07 for fiscal year 2025. 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 DIH Holdings US's EBITDA?
DIH Holdings US (DHAIW) 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 (DHAIW) 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 (DHAIW) 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 (DHAIW) 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 (DHAIW) 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 return on equity (ROE)?
DIH Holdings US (DHAIW) has a return on equity of 23.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is DIH Holdings US's free cash flow?
DIH Holdings US (DHAIW) generated -$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 (DHAIW) generated -$4.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are DIH Holdings US's total assets?
DIH Holdings US (DHAIW) 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 (DHAIW) 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 (DHAIW) invested $7.1M in research and development during fiscal year 2025.
How many shares does DIH Holdings US have outstanding?
DIH Holdings US (DHAIW) had 2M shares outstanding as of fiscal year 2025.
What is DIH Holdings US's current ratio?
DIH Holdings US (DHAIW) 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 debt-to-equity ratio?
DIH Holdings US (DHAIW) had a debt-to-equity ratio of -0.06 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is DIH Holdings US's return on assets (ROA)?
DIH Holdings US (DHAIW) had a return on assets of -32.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is DIH Holdings US's cash runway?
Based on fiscal year 2025 data, DIH Holdings US (DHAIW) had $1.9M in cash against an annual operating cash burn of $4.1M. This gives an estimated cash runway of approximately 6 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 DIH Holdings US's debt-to-equity ratio negative or unusual?
DIH Holdings US (DHAIW) has negative shareholder equity of -$37.1M as of fiscal year 2025, 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 DIH Holdings US's Piotroski F-Score?
DIH Holdings US (DHAIW) 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 DIH Holdings US's earnings high quality?
DIH Holdings US (DHAIW) has an earnings quality ratio of 0.48x, 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 DIH Holdings US cover its interest payments?
DIH Holdings US (DHAIW) has an interest coverage ratio of -22.2x, 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.
How financially healthy is DIH Holdings US?
DIH Holdings US (DHAIW) scores 23 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.