DHX earnings analysis
What we found in DHX's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
DHI Group (DHX) reported strong Q1 2026 results, with revenue of $29.7 million and EPS of $0.08, both surpassing expectations. This marks a significant recovery from a $0.21 loss per share in Q1 2025, supported by improved margins and robust operating cash flows, although segment performance revealed challenges in the Dice business.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Growth
- Q1 2026 revenue of $29.7 million beat estimates of $29.025 million.
- EPS Surprise
- Reported EPS of $0.08 exceeded the estimate of $0.02, reflecting strong recovery.
- Operating Margin Improvement
- Operating margin improved significantly to 10.3% from a loss margin of -28.7% in Q1 2025.
- Operating Cash Flow
- Operating cash flow increased to $8.4 million, up from $2.2 million in the prior year.
- Reduced Debt Costs
- Interest expenses decreased by 16% to $0.553 million, driven by lower outstanding debt.
- Significant Backlog Reduction
- Backlog decreased 1% to $99 million from $99.6 million as of December 31, 2025.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Decline in Dice Revenue
- Total revenue for Dice decreased by $3.2 million or 17%, reflecting ongoing macroeconomic headwinds.
- Customer Count Drop
- Dice's recruitment package customers fell by 15%, from 4,490 to 3,832, indicating market challenges.
- Backlog Decrease
- Overall backlog dropped 8% year-over-year, posing potential future revenue generation risks.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.08
- Operating margin
- 10.3%
- Segment
- ClearanceJobs
- Segment
- Dice
What they said about what is next.
Maintains FY 2026 revenue guidance of $124 million to $128 million with a consistent adjusted EBITDA margin target of 25%.
The filing reads better than the one before it.
What came before.
- 10-K · February 12, 2026
- DHI reported FY2025 revenue of $127.8M, down 10% YoY, with a swing to operating loss of $(11.4)M and a net loss of $(13.5)M (diluted loss per share $(0.30)). Adjusted EBITDA held near prior-year levels at $35.1M and…
- 10-Q · August 6, 2025
- DHI Group reported Q2 revenue of $32,027,000, down from $35,833,000 in Q2 2024, producing an operating loss of $1,265,000 and diluted EPS of $(0.02). Management recorded a $7,800,000 goodwill impairment and $4,216,000…
- 10-Q · August 7, 2024
- DHI reported Q2 revenue of $35.833M, down from $38.538M a year earlier, while operating income turned positive at $2.003M and net income was $0.943M for the quarter. Cash from operations was strong for the six months…
- 10-Q · May 10, 2024
- DHI Group reported Q1 revenue of $36,025,000, down from $38,620,000 in Q1 2023, while operating income improved to $1,969,000 from $573,000 a year ago. The company recorded a net loss of $1,512,000 (diluted EPS $(0.03))…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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