Welcome to our dedicated page for DLH Holdings SEC filings (Ticker: DLHC), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
DLH Holdings Corp. SEC filings document the company's federal-services business, operating results, governance, and capital-structure matters. Recent Form 8-K filings furnish quarterly financial results and related press releases, including disclosures about revenue trends, adjusted EBITDA, operating cash flow, free cash flow, debt, backlog, and program transitions within its government contract portfolio.
The company's proxy and governance filings cover annual meeting voting, director elections, executive compensation, shareholder proposals, and equity incentive plan matters. Additional 8-K disclosures address executive employment arrangements, amendments to the 2025 Equity Incentive Plan, preliminary financial information, and shareholder approval records tied to DLH's common stock and compensation programs.
DLH Holdings reported a weak fiscal 2026 second quarter as its legacy contracts transitioned to small-business set‑aside competitors. Revenue fell to $59.3 million from $89.2 million, a 33.5% decline year over year, driven by the loss of these legacy programs.
The company swung to a net loss of $2.5 million, or $(0.17) per diluted share, compared with net income of $0.9 million, or $0.06 per share, a year earlier. Adjusted EBITDA dropped to $5.3 million from $9.4 million, though the margin of 9.0% shows cost-cutting helped preserve profitability on a smaller revenue base.
Free cash flow was $3.8 million versus $14.5 million in the prior-year quarter. Total debt stood at $132.7 million, modestly down from $136.6 million at the end of the first quarter, while backlog declined to $442.4 million from $514.3 million as of September 30, 2025. DLH also secured a two‑year sole source extension for its NIH clinical research support contract.
DLH Holdings Corp. reported weaker results for the quarter ended March 31, 2026 as revenue fell and the company swung to a loss. Quarterly revenue dropped to $59.3 million from $89.2 million, mainly because several large federal contracts, including Veterans Affairs pharmacy work, shifted to small-business primes.
The company posted a net loss of $2.5 million, or $(0.17) per share, compared with net income of $0.9 million a year earlier. Operating income turned slightly negative, and margins compressed as general and administrative costs became a larger share of sales despite cost-cutting initiatives.
For the first six months, revenue was $128.2 million and the net loss was $3.9 million. DLH still carries a sizable debt load, with $122.0 million outstanding on its term loan and $10.7 million drawn on its revolver, but it remained in compliance with loan covenants and generated roughly break-even operating cash flow.
Backlog declined to about $442.4 million from $514.3 million, reflecting the contract transitions. Management also conducted a detailed goodwill review after a drop in the share price and concluded that goodwill was not impaired.
Mink Brook Asset Management LLC, a ten percent owner of DLH Holdings Corp., reported an indirect open-market purchase of Common Stock. On April 7, 2026, its affiliated fund Mink Brook Partners LP bought 196 shares at $5.50 per share, bringing that fund’s holdings to 1,983,391 shares. A separate affiliated fund, Mink Brook Opportunity Fund LP, is shown holding 694,322 shares indirectly. The investment manager and related entities disclaim beneficial ownership beyond any pecuniary interest.
DLH Holdings Corp. reported results of its March 12, 2026 annual shareholder meeting. Shareholders approved an amendment to the 2025 Equity Incentive Plan, increasing the number of shares available for issuance under the plan by 550,000 shares, effective upon approval.
Seven director nominees, including Zachary C. Parker and Judith L. Bjornaas, were elected to serve until the 2027 annual meeting. Shareholders also approved, on an advisory basis, the compensation of the named executive officers and ratified the appointment of Withum, Smith + Brown, P.C. as independent auditor for the fiscal year ending September 30, 2026.
As of the January 21, 2026 record date, 14,493,035 common shares were outstanding and entitled to vote, with 13,172,541 shares represented in person or by proxy at the meeting, constituting a quorum.
Mink Brook Partners LP, an entity managed by Mink Brook Asset Management LLC, purchased 8,048 shares of DLH Holdings Corp. common stock in an open-market transaction at a weighted average price of $5.50 per share. After the trade, Mink Brook Partners LP held 1,983,195 shares and Mink Brook Opportunity Fund LP held 694,322 shares, with Mink Brook Asset Management LLC and its affiliates disclaiming beneficial ownership beyond their pecuniary interests.
Mink Brook Partners LP, an entity managed by Mink Brook Asset Management LLC, reported open-market purchases of DLH Holdings Corp. common stock. The fund bought 24,699 shares of Common Stock in total at a weighted-average price of $5.50 per share on February 17–18, 2026, increasing its indirect holdings to over 1.97 million shares in that fund. A related fund, Mink Brook Opportunity Fund LP, is reported as holding 694,322 shares indirectly. Mink Brook Asset Management LLC and its general partner disclaim beneficial ownership beyond their pecuniary interest, stating that the filing should not be taken as an admission of beneficial ownership for Section 16 purposes.
DLH Holdings Corp. received an updated ownership report showing that Minerva Advisors LLC and related entities, together with David P. Cohen, beneficially own 1,113,057 shares of DLH common stock, or 7.7% of the company. This is based on 14,493,035 shares outstanding as of February 6, 2026.
Minerva Group, LP directly holds 675,434 shares, representing 4.7% of the outstanding stock, and each Minerva entity and David P. Cohen is deemed a beneficial owner of these shares. Minerva Advisors LLC and David P. Cohen also report shared voting and dispositive power over an additional 437,623 shares.
The reporting persons certify that the securities were not acquired and are not held for the purpose of changing or influencing control of DLH, indicating a passive investment intent under Schedule 13G.
Mink Brook Asset Management LLC, a 10% owner of DLH Holdings Corp., reported indirect open-market purchases of the company’s common stock through affiliated investment funds. Mink Brook Partners LP bought 13,577 shares on February 12, 2026 and 319 shares on February 13, 2026, both at a weighted average price of $5.50 per share. After these transactions, Mink Brook Partners LP held 1,950,448 DLH shares, while Mink Brook Opportunity Fund LP held 694,322 shares, all reported as indirect holdings of Mink Brook Asset Management LLC. The reporting entities and their general partner disclaim beneficial ownership beyond their pecuniary interest.
DLH Holdings Corp. insider Zachary C. Parker reports beneficial ownership of 584,594 shares of common stock, representing 4.0% of the class. This total includes 549,594 shares held directly and options to purchase 35,000 shares. The percentage is calculated against 14,493,035 shares outstanding as of January 21, 2026, plus Mr. Parker’s exercisable options. The filing notes that his holdings represent ownership of 5 percent or less of the company’s common stock and exclude unvested restricted stock units.
DLH Holdings Corp. reported weaker quarterly results for the three months ended December 31, 2025. Revenue fell to $68.9 million from $90.8 million a year earlier, mainly because several Veterans Affairs and Health and Human Services contracts shifted to small business contractors.
The company posted a net loss of $1.3 million, versus net income of $1.1 million last year, with diluted EPS moving from $0.08 to $(0.09). Operating income dropped to $1.4 million from $5.6 million, as lower volume outweighed modest cost reductions. Contract costs declined with revenue, while general and administrative expenses fell slightly but rose as a percentage of sales.
DLH carries significant leverage, with $136.6 million of debt obligations and quarterly interest expense of $3.4 million, partly mitigated by prior prepayments and an interest rate swap. Non‑GAAP EBITDA was $5.7 million and Adjusted EBITDA was $6.5 million, both below last year. Management initiated cost‑scaling actions and confirmed goodwill was not impaired after a market‑driven share price decline. Backlog edged up to $517.4 million, including $124.0 million funded, supporting future revenue.