DHI Group Beats Q4 EPS Estimates and Launches $10M Repurchase Program
DHI Group reported fourth-quarter non-GAAP earnings of $0.09 per share, up from $0.07 year-ago and topping consensus by $0.01, on revenue of $31.4 million. The company approved a new $10 million share repurchase program effective February 9, 2026 through February 8, 2027.
1. Fourth Quarter 2025 Financial Performance
DHI Group reported total revenue of $31.4 million for Q4 2025, a 10% decline compared with the same period in 2024. ClearanceJobs segment revenue rose 1% to $13.9 million, while Dice segment revenue fell 17% to $17.4 million. Total bookings reached $31.2 million, down 5%, driven by a 3% increase to $14.6 million at ClearanceJobs and an 11% drop to $16.6 million at Dice. GAAP net income was $1.4 million, or $0.03 per diluted share, compared with $1.0 million, or $0.02 per share, a year earlier. On a non-GAAP basis, adjusted earnings were $0.09 per diluted share, up from $0.07. Adjusted EBITDA increased 2% to $9.4 million, representing a 30% margin, supported by strong free cash flow generation of $5.7 million, up from $1.6 million a year ago.
2. Full Year 2025 Results and Strategic Actions
For the full year ended December 31, 2025, DHI Group’s revenue declined 10% to $127.8 million, with ClearanceJobs up 1% to $54.9 million and Dice down 17% to $72.9 million. Total bookings were $125.8 million, down 10%. The company recorded a net loss of $13.5 million, or $0.30 per diluted share, driven by $26.2 million in restructuring and impairment charges, compared with a net income of $0.3 million in 2024. Non-GAAP EPS was $0.29, versus $0.24 last year. Adjusted EBITDA remained stable at $35.1 million, a 27% margin. Operating cash flow was $21.1 million, producing free cash flow of $13.8 million, up 94%. During 2025, DHI repurchased 5.5 million shares for $11.4 million, underscoring management’s focus on returning capital.
3. 2026 Outlook and New Share Repurchase Program
DHI Group provided guidance for fiscal 2026 with consolidated revenue expected between $118 million and $122 million and an adjusted EBITDA margin target of 25%. ClearanceJobs revenue is projected at $56 million to $58 million with a 40% EBITDA margin, and Dice revenue at $62 million to $64 million with a 22% margin. The company completed its prior $5 million repurchase authorization in January 2026 and launched a new $10 million program, effective through February 2027, reflecting confidence in recurring subscription revenues, disciplined expense management and free cash flow conversion.