DHI Group reported Q4 total revenue of $31.4 million, down 10% year-over-year, driven by a 17% decline in Dice revenue to $17.4 million that contrasted with a 1% increase at ClearanceJobs to $13.9 million. Total bookings fell 5% to $31.2 million, with Dice bookings down 11% to $16.6 million and ClearanceJobs bookings up 3% to $14.6 million. Net income rose to $1.4 million ($0.03 per diluted share) versus $1.0 million ($0.02) in Q4 2024, yielding a 4% net margin. Non-GAAP EPS improved to $0.09 from $0.07. Adjusted EBITDA increased 2% to $9.4 million (30% margin), led by robust free cash flow of $5.7 million—over triple last year—on $7.2 million of operating cash flow and $1.3 million in reduced capex spend.

For the year ended December 31, 2025, total revenue declined 10% to $127.8 million, with Dice down 17% at $72.9 million and ClearanceJobs up 1% at $54.9 million. Total bookings fell 10% to $125.8 million. The company recorded a net loss of $13.5 million ($0.30 per share) due to $26.2 million in restructuring and impairment charges, compared with a modest net income in 2024. On a non-GAAP basis, EPS improved to $0.29 from $0.24. Adjusted EBITDA held steady at $35.1 million (27% margin). Operating cash flow of $21.1 million and sharply lower capitalized development spend generated free cash flow of $13.8 million, up 94% year-over-year.

During Q4, DHI repurchased 2.9 million shares for $5.2 million, completing its $5 million program in January and immediately launching a new $10 million repurchase authorization. Year-to-date, the company has repurchased a total of 5.5 million shares for $11.4 million. Cash on hand stood at $2.9 million at quarter end, while total debt was reduced to $30.0 million on a $100 million revolver.

Management targets fiscal 2026 revenues of $118 million–$122 million and an overall Adjusted EBITDA margin of 25%, with ClearanceJobs at 40% and Dice at 22%. CEO Art Zeile highlighted the return to bookings growth at ClearanceJobs driven by defense hiring tailwinds and early success with the AgileATS acquisition, while Dice platform modernization and AI enhancements are expected to underpin recovery. CFO Greg Schippers emphasized disciplined cost management, continued free cash flow generation and the $10 million repurchase program as key drivers of shareholder value.