Dhi Group Inc Financials
This page shows Dhi Group Inc (DHX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
A high-gross-margin model kept producing cash in FY2025, but revenue contraction exposed sharp negative operating leverage.
From FY2023 to FY2025, operating cash flow stayed near$21M even though net income turned from profit to a-$13.5M loss. Free cash flow still reached$13.8M because capex fell to$7.3M , so cash resilience depended partly on lighter reinvestment rather than healthier operations.
Revenue fell to
The balance sheet is less liquid than total assets suggest, with a current ratio still below 0.5x and cash at only
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Dhi Group Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Dhi Group Inc has an operating margin of -8.9%, meaning the company retains $-9 of operating profit per $100 of revenue. This below-average margin results in a low score of 24/100, suggesting thin profitability after operating expenses. This is down from 4.5% the prior year.
Dhi Group Inc's revenue declined 9.9% year-over-year, from $141.9M to $127.8M. This contraction results in a growth score of 13/100.
Dhi Group Inc has elevated debt relative to equity (D/E of 0.32), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 6/100, reflecting increased financial risk.
Dhi Group Inc's current ratio of 0.44 is below the typical benchmark, resulting in a score of 4/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Dhi Group Inc has a free cash flow margin of 10.8%, earning a moderate score of 57/100. The company generates positive cash flow after capital investments, but with room for improvement.
Dhi Group Inc generates a -14.3% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 23/100. This is down from 0.2% the prior year.
Dhi Group Inc scores 1.52, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($171.1M) relative to total liabilities ($93.7M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Dhi Group Inc passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Dhi Group Inc generates $-1.56 in operating cash flow ($21.1M OCF vs -$13.5M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Dhi Group Inc earns $-4.6 in operating income for every $1 of interest expense (-$11.4M vs $2.5M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Dhi Group Inc generated $127.8M in revenue in fiscal year 2025. This represents a decrease of 9.9% from the prior year.
Dhi Group Inc's EBITDA was $3.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 86.8% from the prior year.
Dhi Group Inc reported -$13.5M in net income in fiscal year 2025. This represents a decrease of 5439.9% from the prior year.
Dhi Group Inc earned $-0.30 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 3100.0% from the prior year.
Cash & Balance Sheet
Dhi Group Inc generated $13.8M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 93.9% from the prior year.
Dhi Group Inc held $2.9M in cash against $30.0M in long-term debt as of fiscal year 2025.
Dhi Group Inc had 45M shares outstanding in fiscal year 2025. This represents a decrease of 8.1% from the prior year.
Margins & Returns
Dhi Group Inc's gross margin was 84.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 1.1 percentage points from the prior year.
Dhi Group Inc's operating margin was -8.9% in fiscal year 2025, reflecting core business profitability. This is down 13.4 percentage points from the prior year.
Dhi Group Inc's net profit margin was -10.6% in fiscal year 2025, showing the share of revenue converted to profit. This is down 10.8 percentage points from the prior year.
Dhi Group Inc's ROE was -14.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 14.5 percentage points from the prior year.
Capital Allocation
Dhi Group Inc invested $12.8M in research and development in fiscal year 2025. This represents a decrease of 32.0% from the prior year.
Dhi Group Inc spent $9.7M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
Dhi Group Inc invested $7.3M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 47.5% from the prior year.
DHX Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $29.7M-5.4% | $31.4M-2.3% | $32.1M+0.3% | $32.0M-0.8% | $32.3M-7.1% | $34.8M-1.4% | $35.3M-1.5% | $35.8M |
| Cost of Revenue | $4.8M+4.8% | $4.5M-1.0% | $4.6M-10.3% | $5.1M-4.7% | $5.4M+5.5% | $5.1M+0.4% | $5.1M-2.5% | $5.2M |
| Gross Profit | $24.9M-7.1% | $26.8M-2.5% | $27.5M+2.3% | $26.9M-0.1% | $26.9M-9.3% | $29.7M-1.7% | $30.2M-1.4% | $30.6M |
| R&D Expenses | $3.1M+3.2% | $3.0M+3.8% | $2.9M-8.3% | $3.1M-18.3% | $3.8M-16.1% | $4.6M-4.1% | $4.8M+1.0% | $4.7M |
| SG&A Expenses | $6.8M+5.8% | $6.4M-8.3% | $7.0M+7.0% | $6.5M-9.4% | $7.2M-9.2% | $7.9M+4.6% | $7.6M+3.8% | $7.3M |
| Operating Income | $3.1M-16.3% | $3.7M+181.6% | -$4.5M-254.7% | -$1.3M+86.4% | -$9.3M-637.7% | $1.7M+175.3% | $627K-68.7% | $2.0M |
| Interest Expense | $553K-2.3% | $566K-7.8% | $614K-0.8% | $619K-6.2% | $660K+0.9% | $654K-13.4% | $755K-10.7% | $845K |
| Income Tax | $956K+19.5% | $800K+203.6% | -$772K+28.5% | -$1.1M-757.1% | -$126K-152.0% | -$50K-152.6% | $95K-75.2% | $383K |
| Net Income | $1.5M+13.4% | $1.4M+131.6% | -$4.3M-407.6% | -$841K+91.4% | -$9.8M-1054.1% | $1.0M+611.0% | -$200K-121.2% | $943K |
| EPS (Diluted) | $0.04 | N/A | $-0.10-400.0% | $-0.02+90.5% | $-0.21 | N/A | $0.00-100.0% | $0.02 |
DHX Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $192.0M+2.0% | $188.2M-2.2% | $192.5M-6.1% | $204.9M-3.4% | $212.1M-4.2% | $221.4M+0.9% | $219.4M-2.2% | $224.4M |
| Current Assets | $25.4M+3.9% | $24.5M+2.3% | $23.9M-7.1% | $25.8M-14.1% | $30.0M+1.1% | $29.7M+14.0% | $26.0M-11.3% | $29.3M |
| Cash & Equivalents | $3.0M+3.6% | $2.9M+26.7% | $2.3M-17.5% | $2.8M+4.8% | $2.7M-28.3% | $3.7M+78.6% | $2.1M-29.8% | $3.0M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $19.1M+6.2% | $18.0M+11.6% | $16.1M-9.2% | $17.7M-24.3% | $23.4M+5.9% | $22.1M+12.6% | $19.7M-11.7% | $22.3M |
| Goodwill | $122.7M+1.8% | $120.6M0.0% | $120.6M+0.3% | $120.3M-0.3% | $120.7M-5.8% | $128.1M0.0% | $128.1M0.0% | $128.1M |
| Total Liabilities | $99.5M+6.1% | $93.7M-1.5% | $95.2M-7.1% | $102.4M-5.3% | $108.2M+1.1% | $107.0M-1.0% | $108.1M-5.7% | $114.6M |
| Current Liabilities | $57.2M+3.8% | $55.1M-1.5% | $55.9M-9.6% | $61.8M-2.6% | $63.5M+1.2% | $62.7M+0.1% | $62.6M-4.6% | $65.6M |
| Long-Term Debt | $33.0M+10.0% | $30.0M0.0% | $30.0M0.0% | $30.0M-9.1% | $33.0M+3.1% | $32.0M0.0% | $32.0M-8.6% | $35.0M |
| Total Equity | $92.5M-2.1% | $94.5M-2.8% | $97.3M-5.1% | $102.5M-1.3% | $103.9M-9.1% | $114.3M+2.7% | $111.3M+1.4% | $109.8M |
| Retained Earnings | $20.5M+8.1% | $19.0M+7.7% | $17.6M-19.5% | $21.9M-5.4% | $23.1M-28.8% | $32.5M+3.2% | $31.5M-0.6% | $31.7M |
DHX Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $8.4M+16.4% | $7.2M+51.7% | $4.8M-30.6% | $6.9M+205.4% | $2.2M-48.5% | $4.4M-20.9% | $5.5M-39.0% | $9.1M |
| Capital Expenditures | $1.6M+7.6% | $1.5M-3.9% | $1.6M-21.3% | $2.0M-6.3% | $2.2M-22.5% | $2.8M-13.8% | $3.2M-6.9% | $3.5M |
| Free Cash Flow | $6.8M+18.8% | $5.7M+79.6% | $3.2M-34.5% | $4.8M+5401.1% | $88K-94.4% | $1.6M-31.0% | $2.3M-59.0% | $5.6M |
| Investing Cash Flow | -$6.6M-333.3% | -$1.5M+48.8% | -$3.0M-47.8% | -$2.0M+6.3% | -$2.2M+22.5% | -$2.8M+13.8% | -$3.2M+6.9% | -$3.5M |
| Financing Cash Flow | -$1.7M+67.1% | -$5.1M-125.3% | -$2.3M+52.1% | -$4.7M-315.3% | -$1.1M-2567.4% | $46K+101.4% | -$3.2M+46.0% | -$5.9M |
| Dividends Paid | N/A | N/A | N/A | $0 | $0 | N/A | N/A | $0 |
| Share Buybacks | $3.8M-25.8% | $5.1M+146.8% | $2.1M+17.7% | $1.8M+165.6% | $666K | $0 | $0 | $0 |
DHX Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 84.0%-1.5pp | 85.5%-0.2pp | 85.7%+1.7pp | 84.0%+0.6pp | 83.4%-2.0pp | 85.4%-0.3pp | 85.6%+0.2pp | 85.5% |
| Operating Margin | 10.3%-1.3pp | 11.7%+25.6pp | -14.0%-10.0pp | -4.0%+24.8pp | -28.7%-33.7pp | 5.0%+3.2pp | 1.8%-3.8pp | 5.6% |
| Net Margin | 5.2%+0.9pp | 4.3%+17.6pp | -13.3%-10.7pp | -2.6%+27.6pp | -30.2%-33.1pp | 2.9%+3.5pp | -0.6%-3.2pp | 2.6% |
| Return on Equity | 1.7%+0.2pp | 1.4%+5.8pp | -4.4%-3.6pp | -0.8%+8.6pp | -9.4%-10.3pp | 0.9%+1.1pp | -0.2%-1.0pp | 0.9% |
| Return on Assets | 0.8%+0.1pp | 0.7%+2.9pp | -2.2%-1.8pp | -0.4%+4.2pp | -4.6%-5.1pp | 0.5%+0.5pp | -0.1%-0.5pp | 0.4% |
| Current Ratio | 0.440.0 | 0.44+0.0 | 0.43+0.0 | 0.42-0.1 | 0.470.0 | 0.47+0.1 | 0.42-0.0 | 0.45 |
| Debt-to-Equity | 0.36+0.0 | 0.320.0 | 0.31+0.0 | 0.29-0.0 | 0.32+0.0 | 0.280.0 | 0.29-0.0 | 0.32 |
| FCF Margin | 22.8%+4.6pp | 18.1%+8.3pp | 9.9%-5.3pp | 15.1%+14.8pp | 0.3%-4.3pp | 4.5%-2.0pp | 6.5%-9.1pp | 15.6% |
Note: The current ratio is below 1.0 (0.44), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Dhi Group Inc's annual revenue?
Dhi Group Inc (DHX) reported $127.8M in total revenue for fiscal year 2025. This represents a -9.9% 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 Dhi Group Inc's revenue growing?
Dhi Group Inc (DHX) revenue declined by 9.9% year-over-year, from $141.9M to $127.8M in fiscal year 2025.
Is Dhi Group Inc profitable?
No, Dhi Group Inc (DHX) reported a net income of -$13.5M in fiscal year 2025, with a net profit margin of -10.6%.
What is Dhi Group Inc's EBITDA?
Dhi Group Inc (DHX) had EBITDA of $3.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Dhi Group Inc have?
As of fiscal year 2025, Dhi Group Inc (DHX) had $2.9M in cash and equivalents against $30.0M in long-term debt.
What is Dhi Group Inc's gross margin?
Dhi Group Inc (DHX) had a gross margin of 84.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Dhi Group Inc's operating margin?
Dhi Group Inc (DHX) had an operating margin of -8.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Dhi Group Inc's net profit margin?
Dhi Group Inc (DHX) had a net profit margin of -10.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Dhi Group Inc's return on equity (ROE)?
Dhi Group Inc (DHX) has a return on equity of -14.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Dhi Group Inc's free cash flow?
Dhi Group Inc (DHX) generated $13.8M in free cash flow during fiscal year 2025. This represents a 93.9% 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 Dhi Group Inc's operating cash flow?
Dhi Group Inc (DHX) generated $21.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Dhi Group Inc's total assets?
Dhi Group Inc (DHX) had $188.2M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Dhi Group Inc's capital expenditures?
Dhi Group Inc (DHX) invested $7.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Dhi Group Inc spend on research and development?
Dhi Group Inc (DHX) invested $12.8M in research and development during fiscal year 2025.
What is Dhi Group Inc's current ratio?
Dhi Group Inc (DHX) had a current ratio of 0.44 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Dhi Group Inc's debt-to-equity ratio?
Dhi Group Inc (DHX) had a debt-to-equity ratio of 0.32 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Dhi Group Inc's return on assets (ROA)?
Dhi Group Inc (DHX) had a return on assets of -7.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Dhi Group Inc's Altman Z-Score?
Dhi Group Inc (DHX) has an Altman Z-Score of 1.52, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Dhi Group Inc's Piotroski F-Score?
Dhi Group Inc (DHX) 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Dhi Group Inc's earnings high quality?
Dhi Group Inc (DHX) has an earnings quality ratio of -1.56x, considered mixed quality. 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 Dhi Group Inc cover its interest payments?
Dhi Group Inc (DHX) has an interest coverage ratio of -4.6x, 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 Dhi Group Inc?
Dhi Group Inc (DHX) scores 21 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.