10-Q · February 5, 2025
DLH reported Q1 revenue of $90,782,000 and diluted EPS of $0.08 for the three months ended December 31, 2024. Revenue and net income declined versus the prior year (revenue down from $97,850,000; net income down from…
Earnings analysis · 10-Q
DLHC earnings analysis
Filed May 6, 2026 · Our reading of the company's report
The latest report
DLH Holdings Corp. reported a significant revenue decline and net loss in Q2 2026, largely attributed to the conversion of contracts to small business contractors. Key financial metrics reveal decreasing earnings per…
Read full summary
DLH Holdings Corp. reported a significant revenue decline and net loss in Q2 2026, largely attributed to the conversion of contracts to small business contractors. Key financial metrics reveal decreasing earnings per share and challenges in maintaining profitability amid rising operating costs.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
Where revenue came from
The business segments reported by the company.
Shares of the segments disclosed in this filing, largest first.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.17
- Gross margin
- 0%
- Operating margin
- -0.1%
What stood out
-
Revenue Decline
Revenue fell to $59.3M, a decrease of $29.9M (33.5%) compared to $89.2M in Q2 2025.
-
Operating Loss
Operating loss of $55K, down from a profit of $5.1M in Q2 2025.
-
Net Loss
Net loss of $2.5M in Q2 2026 compared to a profit of $878K in Q2 2025.
-
Increased General and Administrative Costs
General and administrative costs rose to 12.7% of revenue from 9.2% year-over-year.
-
Interest Expense Decrease
Interest expense decreased to $3.1M, down by $738K from Q2 2025.
-
Significant Cash Reduction
Operating cash flow turned negative, with cash used from operations totaling $984K.
What to watch
-
Contract Loss Risks
Conversion of contracts from DLH to small business contractors could significantly affect future revenues.
-
Increased Operational Costs
Operating costs are high despite lower revenues, highlighting inefficiencies.
-
Credit Facility Dependency
The company is reliant on its credit line, with a balance of $10.7M utilized against $50M available.
Management's outlook
Outlook deferred to earnings press release / call.
Earlier filings 4
10-Q · May 3, 2023
DLH reported Q2 revenue of $99.417M, down from $108.699M a year earlier, while diluted EPS fell to $0.06 from $0.50. Operating income declined to $5.951M from $10.254M, pressured by higher interest expense and…
10-K · December 5, 2022
DLH positions itself as a government-focused provider of technology-enabled health, public health research and logistics services, emphasizing FedRAMP-authorized cloud (Infinibyte®), CMMI level 3, and Joint Commission…
10-Q · January 31, 2022
DLH reported strong top-line and profitability growth for the quarter: revenue rose to $152,801,000 from $57,852,000 a year earlier and net income increased to $7,804,000 (diluted EPS $0.55 vs $0.13). Income from…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.