DHI Group reported fourth quarter revenue of $31.4 million, a 10% decline year-over-year driven by a 17% revenue decrease at its Dice business to $17.4 million, partially offset by a 1% increase at ClearanceJobs to $13.9 million. Total bookings fell 5% to $31.2 million, with ClearanceJobs bookings up 3% to $14.6 million while Dice bookings declined 11% to $16.6 million. Net income rose to $1.4 million, or $0.03 per share, up from $1.0 million, reflecting a net income margin of 4% versus 3% a year ago. On a non-GAAP basis, earnings per share were $0.09, above the prior year’s $0.07. Adjusted EBITDA increased 2% to $9.4 million, delivering a 30% adjusted EBITDA margin, with ClearanceJobs at a 43% margin and Dice at 30%. Operating cash flow improved to $7.2 million and free cash flow reached $5.7 million after a 45% reduction in fixed asset purchases.

For the full year 2025, DHI Group generated $127.8 million in revenue, down 10% from 2024, with ClearanceJobs revenue up 1% to $54.9 million and Dice revenue down 17% to $72.9 million. Annual bookings declined 10% to $125.8 million. The company reported a net loss of $13.5 million, or $0.30 per share, compared to a modest net income in the prior year; the loss was chiefly due to $26.2 million in restructuring and asset impairment charges. On a non-GAAP basis, earnings per share were $0.29, up from $0.24. Adjusted EBITDA was essentially flat at $35.1 million, yielding a 27% margin, with ClearanceJobs delivering $23.7 million (43% margin) and Dice $19.0 million (26% margin). Free cash flow nearly doubled to $13.8 million as operational cash flow held steady at $21.1 million while capitalized development costs declined 45%.

During Q4, DHI Group repurchased 2.9 million shares for $5.2 million under its existing repurchase authorization and completed that program in January 2026. The board has now approved a new $10 million repurchase program effective February 9, 2026 through February 8, 2027, reflecting continued confidence in cash flow generation and a capital return focus. To date, the company has repurchased 5.5 million shares for $11.4 million over the past year, bolstering shareholder value and offsetting dilution from share-based awards.

For first quarter 2026, DHI Group targets revenues of $28 million to $30 million, with ClearanceJobs at $13 million to $14 million and Dice at $15 million to $16 million. Full-year 2026 revenue guidance is $118 million to $122 million, split between $56 million to $58 million at ClearanceJobs and $62 million to $64 million at Dice. The company aims for a full-year adjusted EBITDA margin of 25%, with ClearanceJobs at 40% and Dice at 22%. Management highlighted expected defense budget increases as a growth catalyst for ClearanceJobs and ongoing platform modernization and AI integration at Dice as key drivers for recovery in the commercial tech hiring market.