DHI Group reported Q4 total revenue of $31.4 million, a 10% decline year-over-year, driven by a 17% drop in Dice revenue to $17.4 million partially offset by a 1% increase in ClearanceJobs revenue to $13.9 million. Total bookings fell 5% to $31.2 million, with ClearanceJobs bookings up 3% at $14.6 million and Dice bookings down 11% at $16.6 million. Net income rose to $1.4 million (earnings of $0.03 per diluted share) compared to $1.0 million the prior year. On a non-GAAP basis, EPS was $0.09 versus $0.07 a year ago. Adjusted EBITDA increased 2% to $9.4 million, yielding a 30% margin; ClearanceJobs Adjusted EBITDA was $6.0 million (43% margin) and Dice Adjusted EBITDA was $5.2 million (30% margin). Operating cash flow improved to $7.2 million, generating free cash flow of $5.7 million after a 45% reduction in capital expenditures. The company ended the quarter with $2.9 million in cash, $30.0 million of debt on its $100 million revolver, and repurchased 2.9 million shares for $5.2 million.

For the full year, DHI Group’s total revenue declined 10% to $127.8 million, with ClearanceJobs up 1% at $54.9 million and Dice down 17% at $72.9 million. Total bookings fell 10% to $125.8 million. The company recorded a net loss of $13.5 million, or $0.30 per diluted share, reflecting $26.2 million of restructuring and impairment charges, versus net income of $0.3 million in 2024. Non-GAAP EPS was $0.29 compared to $0.24. Adjusted EBITDA was $35.1 million (27% margin), in line with the prior year, with ClearanceJobs contributing $23.7 million (43% margin) and Dice $19.0 million (26% margin). Operating cash flow was $21.1 million, and free cash flow nearly doubled to $13.8 million after a 45% reduction in capitalized development costs. The company repurchased 5.5 million shares for $11.4 million during the year.

CEO Art Zeile highlighted the resilience of the subscription model and noted that ClearanceJobs returned to year-over-year bookings growth, fueled by early defense hiring tailwinds and strong execution of the AgileATS integration. He emphasized ongoing platform modernization and AI-driven differentiation at Dice to position the business for recovery in a challenging commercial tech hiring market. CFO Greg Schippers pointed to an expected record defense budget as a catalyst for continued ClearanceJobs momentum in 2026, and reiterated a disciplined go-to-market approach and focus on margin expansion and free cash flow generation. Both executives underscored the board’s approval of a new $10 million share repurchase program running through February 2027 as a demonstration of confidence in the business.

DHI Group provided Q1 2026 revenue guidance of $28 million to $30 million, comprising $13 million to $14 million for ClearanceJobs and $15 million to $16 million for Dice. Full-year 2026 revenue is projected at $118 million to $122 million, with ClearanceJobs expected to generate $56 million to $58 million and Dice $62 million to $64 million. The company aims for an overall Adjusted EBITDA margin of 25%, with ClearanceJobs at 40% and Dice at 22%, reflecting confidence in margin stability and long-term profitable growth.