DHI Group (DHX) AI Stock Analysis

• Market Cap: $107.93M
• Dividend Yield: N/A
• Average Volume (3M): 344.91K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.76
• Revenue Growth: -9.13%
• EPS Growth: -1032.39%
• Country: US
• Employees: 414
• Sector: Technology
• Sector Strength: 88
• Industry: Staffing & Employment Services
• EPS (TTM): 0.03
• Shares Outstanding: 44,970,005
• 10 Day Avg. Volume: 744,590
• 30 Day Avg. Volume: 344,907
• PEG Ratio: <0.01
• Price to Book (P/B): 0.73
• Price to Sales (P/S): 0.54
• P/FCF Ratio: 5.03
• Enterprise Value/Market Cap: 1.47
• Enterprise Value/Revenue: 1.24
• Enterprise Value/Gross Profit: 1.47
• Enterprise Value/Ebitda: 60.54
• 1Y Price Target: $2.50
• Price Target Upside: 4.17% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 56 Neutral
• Price Target: $2.50 ▲(4.17% Upside)
• Action: Reiterated Date: 02/10/26
• Date: Action: Reiterated 02/10/26

The score is held back primarily by deteriorated TTM profitability and a loss-driven valuation signal (negative P/E). Offsetting this are solid free cash flow, manageable leverage, and a constructive (but mixed) FY2026 outlook with margin/FCF targets, alongside strong recent technical momentum that is tempered by overbought readings.

Positive Factors

Strong free cash flow

Sustained and growing free cash flow provides the company with durable internal funding to cover operations, invest in product development, and support buybacks or debt reduction. That cash generation cushions cyclical hiring markets and underpins strategic flexibility over the next 2–6 months.

ClearanceJobs momentum and integration wins

ClearanceJobs shows a structural recovery with rising bookings, strong retention and higher ARPU, while Agile ATS integration rapidly expanded product capability and revenue. This reinforces a defensible niche offering and recurring revenue durability against broader market cyclicality.

Margin gains, cost reduction & capital returns

Material expense reductions and higher adjusted EBITDA demonstrate improved operating discipline and structural margin resilience. Combined with active buybacks, this indicates management is prioritizing cash conversion and efficient capital allocation, supporting profitability sustainability.

Negative Factors

Top-line and recurring revenue declines

Falling total and recurring revenue reduce operating leverage and make margin targets harder to sustain. Persistent declines erode forward visibility, constrain reinvestment capacity, and increase reliance on cost cuts to drive profit recovery over the medium term.

Dice business weakness and customer attrition

Dice’s sizable revenue and customer losses signal structural exposure to weak commercial tech hiring. Continued contraction limits scale economics, pressures margins as the revenue base shrinks, and delays recovery until broader tech hiring demand improves.

Low cash reserves and reduced backlog

Very low on‑hand cash and material revolver usage raise liquidity sensitivity, limiting maneuverability for growth investments. Simultaneous declines in deferred revenue and backlog reduce forward revenue certainty, increasing refinancing and execution risk if hiring markets stay soft.

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. The company operates Dice that offers job postings of technology and non-technology companies for industries, such as positions for software engineers, big data professionals, systems administrators, database specialists, project managers, and other technology and engineering professionals; and ClearanceJobs, an Internet-based career network, which matches security-cleared professionals with hiring companies searching for employees. It also provides eFinancialCareers, a financial services careers Website for financial services industry professionals from various sectors, including asset management, risk management, investment banking, and information technology. The company serves small, mid-sized, and large direct employers; staffing companies; recruiting agencies; consulting firms; and marketing departments of companies. The company was formerly known as Dice Holdings, Inc. and changed its name to DHI Group, Inc. in April 2015. DHI Group, Inc. was founded in 1991 and is headquartered in Centennial, Colorado.

How the Company Makes Money

DHI Group generates revenue primarily through a combination of subscription fees, job postings, and recruitment services. The company charges employers for job postings on its platforms, allowing them to access a pool of qualified candidates. Additionally, DHI offers subscription-based services that provide enhanced features for employers, such as access to advanced analytics and candidate matching tools. Other significant revenue streams include premium services for job seekers, which may involve career coaching and resume writing assistance. DHI's partnerships with various organizations and industry leaders also contribute to its earnings by expanding its reach and enhancing service offerings. The company's focus on specialized job markets helps it maintain a competitive edge, driving consistent revenue growth.

DHI Group Financial Statement Overview

Summary

Mixed fundamentals. Income statement is weak (revenue decline and TTM operating/net losses), but the balance sheet leverage is manageable and cash flow is a relative strength with solid and improving free cash flow.

Income Statement

TTM (Trailing-Twelve-Months) fundamentals weakened materially: revenue declined (-2.6) and the company moved to an operating loss (EBIT margin about -9.8%) with a net loss (net margin about -10.2%). A key positive is structurally strong gross profitability (gross margin ~82% TTM), but the sharp swing from modest profitability in 2023/2024 to losses TTM suggests elevated operating-cost pressure and/or non-recurring headwinds. Longer-term, revenue has been choppy (strong 2022 growth, then declines in 2024 and TTM), limiting confidence in near-term earnings durability.

Balance Sheet

Leverage looks manageable with debt-to-equity around 0.41 TTM, and equity remains sizable (~$94.5M) relative to total debt (~$39.2M). However, profitability deterioration is now a balance-sheet risk signal: return on equity is negative TTM (~-12.9%), indicating the capital base is not currently generating returns. Overall, the balance sheet appears stable, but sustained losses could reduce financial flexibility over time.

Cash Flow

Cash generation is a relative strength: operating cash flow was ~$21.1M TTM and free cash flow ~$13.8M, with free cash flow growth up strongly (42.5). This helps offset reported net losses and supports liquidity. The main weakness is that cash conversion versus accounting earnings is not especially strong in the provided ratio set (operating cash flow coverage around 0.33 TTM), but the absolute level of free cash flow is solid and improved versus 2024.

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

• Technical Analysis Sentiment: Positive
• Last Price: 2.40
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: 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 2.4 is above the 20-day moving average (MA) of 2.22, above the 50-day MA of 1.87, and above the 200-day MA of 2.26, indicating a bullish trend. The MACD of 0.22 indicates Negative momentum. The RSI at 56.03 is Neutral, neither overbought nor oversold. The STOCH value of 27.39 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DHX.

DHI Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HQI	68 Neutral	$167.79M	23.12	11.08%	2.55%	-12.65%	368.36%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
BGSF	60 Neutral	$66.75M	-7.86	-14.43%	41.67%	-36.79%	-507.05%
DHX	56 Neutral	$107.93M	-8.30	-12.89%	―	-9.13%	-1032.39%
MHH	56 Neutral	$68.55M	117.67	-0.08%	―	1.24%	97.14%
JOB	48 Neutral	$25.38M	-0.74	-51.65%	―	-15.43%	-43.45%
ZIP	43 Neutral	$214.76M	-5.46	―	―	-10.14%	-1381.34%

DHI Group Corporate Events

DHI Group Announces Leadership Transition in Human Resources

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 hiring needs in competitive, knowledge-based industries.

On February 20, 2026, DHI Group announced that long-serving Chief Human Resources Officer Pamela Bilash will retire effective April 1, 2026, after more than 12 years leading the firm’s people strategy through multiple transformations. The company simultaneously named former Maxar Technologies HR chief Elizabeth Andora as Chief People Officer, effective February 23, 2026, with Bilash staying on in an advisory role to ensure a smooth leadership transition in its human capital function.

On February 23, 2026, DHI Group issued a press release formally communicating Bilash’s retirement and Andora’s appointment, framing the change as part of an orderly succession process. The disclosure, furnished via a current report, underscores the company’s emphasis on continuity in its people-first culture and governance practices while updating stakeholders on key executive leadership changes.

The most recent analyst rating on (DHX) stock is a Buy with a $3.00 price target. To see the full list of analyst forecasts on DHI Group stock, see the DHX Stock Forecast page.

DHI Group Posts Mixed Q4 Results, Authorizes Stock Buyback

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 (revenue down 17%, bookings down 11%) amid a challenging commercial tech hiring market. Despite the top-line pressure, net income improved to $1.4 million, non-GAAP EPS rose to $0.09, and Adjusted EBITDA margin expanded to 30% on cost discipline, while free cash flow jumped to $5.7 million in the quarter and $13.8 million for 2025, even as full-year revenue declined 10% and restructuring and impairment charges drove a $13.5 million net loss. The company highlighted resilient subscription-based recurring revenue, strong margins and improving free cash flow, with ClearanceJobs returning to bookings growth and benefiting from early defense hiring tailwinds, AgileATS performing ahead expectations, and Dice continuing a platform modernization and AI-driven differentiation strategy. Reflecting confidence in its long-term growth and margin prospects, DHI completed a prior $5 million repurchase plan in January 2026 and authorized a new $10 million stock buyback running from February 9, 2026 through February 8, 2027, while issuing 2026 revenue guidance of $118 million to $122 million and targeting a 25% Adjusted EBITDA margin for the group, with higher margin contributions expected from ClearanceJobs than from Dice.

The most recent analyst rating on (DHX) stock is a Hold with a $2.50 price target. To see the full list of analyst forecasts on DHI Group stock, see the DHX Stock Forecast page.