DHI Group Inc (DHX)
NYSE:DHX
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DHI Group
(NYSE:DHX)
Select Model
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Rating:61Neutral
Price Target:
$3.00
▲(0.67% Upside)
Action:ReiteratedDate:04/07/26
DHX scores as moderately attractive: strong technical momentum and improved cash generation help offset materially weaker TTM profitability and revenue pressure. Management’s guidance and capital return support the outlook, but the negative P/E and ongoing Dice-driven top-line declines keep the overall score restrained.
Positive Factors
Free cash flow generation
Consistent positive operating cash flow (~$21.1M TTM) and materially improved free cash flow (~$13.8M, +42.5%) provide durable liquidity and funding for investments, buybacks, and debt service. Strong cash conversion cushions the business through cyclical hiring environments and supports strategic initiatives over months.
Negative Factors
Top-line pressure and recurring revenue decline
Declining revenue and a swing to operating and net losses indicate structural demand weakness or insufficient scale to cover fixed costs. Even with high gross margins, persistent top-line declines reduce leverage on fixed costs, depress long-term profitability, and heighten risk to funding of product investments and shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Free cash flow generation
Consistent positive operating cash flow (~$21.1M TTM) and materially improved free cash flow (~$13.8M, +42.5%) provide durable liquidity and funding for investments, buybacks, and debt service. Strong cash conversion cushions the business through cyclical hiring environments and supports strategic initiatives over months.
Read all positive factors
DHI Group (DHX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$134.01M
Dividend YieldN/A
Average Volume (3M)344.91K
Price to Earnings (P/E)―
Beta (1Y)0.78
Revenue Growth-9.13%
EPS Growth-1032.39%
CountryUS
Employees414
SectorTechnology
Sector Strength88
IndustryStaffing & Employment Services
Share Statistics
EPS (TTM)0.03
Shares Outstanding44,970,005
10 Day Avg. Volume744,590
30 Day Avg. Volume344,907
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.73
Price to Sales (P/S)0.54
P/FCF Ratio5.03
Enterprise Value/Market Cap1.28
Enterprise Value/Revenue1.34
Enterprise Value/Gross Profit1.58
Enterprise Value/Ebitda65.19
Forecast
1Y Price Target
$2.50Price Target Upside-16.11% Downside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)0.11
Revenue Forecast (FY)$119.42M
DHI Group Business Overview & Revenue Model
Company Description
DHI Group, Inc. provides data, insights, and employment connections through specialized services for technology professionals in the United States, the United Kingdom, rest of Europe, the Middle East, Africa, the Asia Pacific, and internationally....
How the Company Makes Money
DHI Group primarily generates revenue by selling recruitment and hiring solutions tied to its specialized online marketplaces. Key revenue streams include (1) employer and recruiter payments for access to candidate databases and search tools, (2) ...
DHI Group Earnings Call Summary
Earnings Call Date:Feb 04, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 13, 2026
Earnings Call Sentiment Neutral
Balanced. The call highlights meaningful operational improvements: ClearanceJobs returning to bookings growth, strong CJ margins and retention, successful integration and early revenue growth from Agile ATS, improved adjusted EBITDA and materially stronger free cash flow, and active share repurchases. However, these positives are offset by significant top-line pressure driven by Dice (17% revenue decline), total revenue down 10% YoY, recurring revenue down 12%, contraction in deferred revenue and backlog, customer churn among smaller accounts, and some one-time impairments. Management provided constructive guidance for CJ but does not expect Dice bookings growth until the commercial tech hiring market recovers, leaving a mixed near-term outlook.Positive Updates
ClearanceJobs Bookings and Revenue Inflection
ClearanceJobs (CJ) bookings returned to positive year-over-year growth in Q4 (+3% YoY). CJ revenue was $13.9M, up 1% YoY and flat sequentially, indicating an inflection after prior quarter declines.
Negative Updates
Total Revenue and Recurring Revenue Declines
Total revenue for Q4 was $32.4M, down 10% YoY. Total recurring revenue was down 12% YoY and bookings were down 5% YoY, reflecting top-line pressure across the business.
Read all updates
Q4-2025 Updates
Positive
Negative
ClearanceJobs Bookings and Revenue Inflection
ClearanceJobs (CJ) bookings returned to positive year-over-year growth in Q4 (+3% YoY). CJ revenue was $13.9M, up 1% YoY and flat sequentially, indicating an inflection after prior quarter declines.
Read all positive updates
Company Guidance
The company guided full-year 2026 revenue of $118–122 million (Q1 revenue $28–30M), with ClearanceJobs (CJ) revenue of $56–58M for the year (Q1 $13–14M) and Dice revenue of $62–64M for the year (Q1 $15–16M); management expects CJ bookings to grow in 2026 (though a 2025 bookings shortfall will cause a small sequential and year‑over‑year CJ revenue decline in Q1) while Dice bookings are not expected to resume growth until commercial tech hiring improves. Profitability targets include a full‑year adjusted EBITDA margin of ~25% for DHI (CJ ~40%, Dice ~22%), capital expenditures of $6–7M for 2026, continued free cash flow generation averaging at or above 10% of revenues, a leverage target of ~1.0x (current leverage ~0.85x), and a new $10M share repurchase program.DHI Group Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
62
Positive
Cash Flow
69
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 127.83M | 141.93M | 151.88M | 149.68M | 119.90M |
| Gross Profit | 108.21M | 121.69M | 132.09M | 132.07M | 104.81M |
| EBITDA | 2.35M | 24.12M | 24.02M | 22.66M | 16.75M |
| Net Income | -13.51M | 253.00K | 3.49M | 4.18M | -29.74M |
Balance Sheet | |||||
| Total Assets | 188.24M | 221.37M | 225.20M | 226.70M | 221.58M |
| Cash, Cash Equivalents and Short-Term Investments | 2.91M | 3.70M | 4.21M | 3.01M | 1.54M |
| Total Debt | 46.57M | 42.62M | 46.55M | 38.53M | 32.10M |
| Total Liabilities | 93.74M | 107.05M | 117.66M | 120.47M | 105.22M |
| Stockholders Equity | 94.51M | 114.33M | 107.54M | 106.24M | 116.36M |
Cash Flow | |||||
| Free Cash Flow | 13.79M | 7.11M | 1.09M | 18.06M | 14.27M |
| Operating Cash Flow | 21.10M | 21.05M | 21.34M | 36.03M | 28.58M |
| Investing Cash Flow | -8.71M | -13.93M | -15.31M | -17.66M | -19.30M |
| Financing Cash Flow | -13.19M | -7.62M | -4.83M | -16.91M | -15.39M |
DHI Group Technical Analysis
Positive
2.98
Price Trends
2.49
Positive
2.09
Positive
2.33
Positive
Market Momentum
0.16
Negative
61.62
Neutral
63.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DHX, the sentiment is Positive. The current price of 2.98 is above the 20-day moving average (MA) of 2.70, above the 50-day MA of 2.49, and above the 200-day MA of 2.33, indicating a bullish trend. The MACD of 0.16 indicates Negative momentum. The RSI at 61.62 is Neutral, neither overbought nor oversold. The STOCH value of 63.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DHX.
DHI Group Risk Analysis
DHI Group disclosed 40 risk factors in its most recent earnings report. DHI Group reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
DHI Group Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $149.73M | 23.25 | 10.52% | 2.55% | -12.65% | 368.36% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | $134.01M | -5.14 | -13.17% | ― | -9.13% | -1032.39% | |
59 Neutral | $68.59M | -6.79 | -17.82% | 41.67% | -36.79% | -507.05% | |
55 Neutral | $70.56M | 134.64 | 0.69% | ― | 1.24% | 97.14% | |
48 Neutral | $27.60M | -35.64 | -51.65% | ― | -15.43% | -43.45% | |
44 Neutral | $177.27M | -10.62 | 57.25% | ― | -10.14% | -1381.34% |
* Technology Sector Average
DHX
DHI Group
2.98
1.44
93.51%
JOB
GEE Group
0.25
0.06
32.11%
MHH
Mastech Holdings
5.95
-2.25
-27.44%
BGSF
BGSF
6.10
3.97
186.38%
HQI
HireQuest
10.70
0.47
4.58%
ZIP
ZipRecruiter
2.10
-3.36
-61.54%
DHI Group Corporate Events
Business Operations and StrategyPrivate Placements and Financing
DHI Group Secures New $70 Million Credit Facility
Positive
Apr 6, 2026
On April 1, 2026, DHI Group, Inc. and certain subsidiaries entered into a new senior secured revolving credit facility with Bank of America and other lenders, providing aggregate commitments of $70 million, including $5 million sublimits each for ...
Business Operations and StrategyM&A Transactions
DHI Group Expands Defense Reach With ClearanceJobs Acquisition
Positive
Mar 2, 2026
On February 27, 2026, DHI Group subsidiary ClearanceJobs, LLC acquired all membership interests of Point Solutions Group, an engineering and technology professional services firm focused on defense contracting and government staffing, for an estim...
Executive/Board ChangesRegulatory Filings and Compliance
DHI Group Announces Leadership Transition in Human Resources
Neutral
Feb 23, 2026
DHI Group, a provider of specialized career marketplaces and recruitment solutions for technology and security professionals, focuses on connecting employers with highly skilled talent in niche sectors. The company operates platforms that support ...
Business Operations and StrategyStock BuybackFinancial Disclosures
DHI Group Posts Mixed Q4 Results, Authorizes Stock Buyback
Positive
Feb 4, 2026
On February 4, 2026, DHI Group reported fourth-quarter 2025 revenue of $31.4 million, down 10% year over year, as strength at its security-cleared marketplace ClearanceJobs (revenue up 1%, bookings up 3%) was offset by continued weakness at Dice (...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.