ClearanceJobs Revenue and Bookings Growth
ClearanceJobs (CJ) delivered revenue of $14.0M, up 5% year-over-year, and bookings of $18.0M, up 7% year-over-year. CJ reported a strong adjusted EBITDA of $5.7M representing a 40% margin, with average annual revenue per recruitment-package customer of $27,286 (up 6% YoY) and roughly 90% of CJ revenue recurring.
Improved Company Profitability and Margins
DHI reported adjusted EBITDA of $8.1M (27% margin) versus $7.0M (22% margin) a year ago, reflecting margin expansion. CJ maintained a 40% adjusted EBITDA margin and Dice improved adjusted EBITDA to $4.3M (28% margin) from $3.4M (18% margin) a year ago.
Strong Cash Flow Turnaround
Operating cash flow was $8.4M vs $2.2M in the year-ago quarter and free cash flow was $6.8M vs $0.088M a year ago, demonstrating substantially stronger cash generation and lower capitalized development spend (capex down 24% YoY for the quarter).
Net Income Turnaround and EPS Improvement
The company reported net income of $1.5M ($0.04 diluted) compared to a net loss of $9.8M a year ago (which included one-time impairments/charges). Non-GAAP EPS was $0.08 vs $0.04 in the prior-year quarter. Diluted shares declined ~7% YoY following buybacks.
Strategic M&A and New Monetization Wins
DHI completed the Point Solutions Group (PSG) acquisition, which contributed $0.7M of revenue/bookings in Q1 and is expected to uplift ~ $6M for the full year. Early traction with AgileATS, premium candidate subscriptions (launched mid-February) and product integrations (e.g., Claude connector) exceeded early expectations.
Capital Allocation and Balance Sheet Discipline
Board approved a $10M share repurchase program; $4.7M used to repurchase 2.0M shares in the quarter with $6.4M remaining. Leverage at quarter end was modest at 0.91x adjusted EBITDA and management targets ~1x leverage.
Market and Secular Tailwinds (AI & Defense)
Macro signals supportive of growth: March tech job postings were 537,000 (+19% YoY; 254,000 new postings). AI-related skills were required in 67% of U.S. tech job postings vs 29% a year ago; machine learning-related postings rose ~167%, positioning Dice and CJ for longer-term demand.