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DHI Group
(NYSE:DHX)
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Rating:65Neutral
Price Target:
$4.50
▲(16.88% Upside)
Action:Reiterated
Date:05/19/26
Overall score reflects solid cash generation and improving profitability direction, reinforced by strong technical momentum. These positives are tempered by still-weak earnings quality (recent revenue decline and TTM net loss), a middling valuation (P/E ~19 with no dividend), and earnings-call risks tied to ongoing Dice weakness and reduced near-term revenue visibility.
Positive Factors
Strong free cash flow
Sustained positive operating cash flow and a sizable FCF increase provide durable internal funding for operations, debt service, tuck-in M&A and shareholder returns. This reduces reliance on external financing and underpins management's target of FCF ≥10% of revenue and ~1x leverage.
Negative Factors
Dice revenue and bookings decline
Dice represents a sizable portion of revenue; sustained declines and concentrated churn among smaller customers weaken the core tech-market franchise. Structural softness in tech hiring can prolong revenue pressure and limit the company's ability to fully offset with margin gains from other segments.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong free cash flow
Sustained positive operating cash flow and a sizable FCF increase provide durable internal funding for operations, debt service, tuck-in M&A and shareholder returns. This reduces reliance on external financing and underpins management's target of FCF ≥10% of revenue and ~1x leverage.
Read all positive factors
DHI Group (DHX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$181.87M
Dividend YieldN/A
Average Volume (3M)146.40K
Price to Earnings (P/E)―
Beta (1Y)1.01
Revenue Growth-9.39%
EPS Growth72.47%
CountryUS
Employees270
SectorTechnology
Sector Strength88
IndustryStaffing & Employment Services
Share Statistics
EPS (TTM)-0.05
Shares Outstanding43,198,505
10 Day Avg. Volume133,100
30 Day Avg. Volume146,400
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$5.83Price Target Upside51.52% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)0.18
Revenue Forecast (FY)$125.19M
DHI Group Business Overview & Revenue Model
Company Description
DHI Group, Inc. provides data, insights, and employment connections through specialized services for technology professionals and other select online communities in the United States. The company operates through the Clearancejobs and Dice segment...
How the Company Makes Money
DHI Group makes money primarily by selling recruiting and hiring products to employers and recruiters who want access to its specialized talent communities. Key revenue streams include (1) employer subscriptions and packages that provide access to...
DHI Group Earnings Call Summary
Earnings Call Date:May 05, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 05, 2026
Earnings Call Sentiment Positive
The call presented a mixed but constructive picture: strong profitability, a clear CJ growth engine, meaningful free cash flow improvement, strategic tuck-in M&A, and favorable AI/defense tailwinds are notable positives. Offsetting these are material declines in Dice revenue and bookings, concentrated churn among smaller Dice customers, declines in deferred revenue/backlog, and a relatively low cash balance after acquisitions and buybacks. Overall the positives (profitability turnaround, cash generation, CJ momentum and strategic initiatives) outweigh the negatives, though Dice recovery and near-term revenue visibility remain key risks to monitor.Positive Updates
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.
Negative Updates
Dice Revenue and Bookings Decline
Dice revenue was $15.7M, down 17% year-over-year and down 10% sequentially; Dice bookings were $20.2M, down 20% year-over-year. Dice recruitment-package customers fell to 3,832 (down 15% YoY and down 7% sequentially) and average annual revenue per Dice customer declined 6% YoY to $15,466.
Read all updates
Q1-2026 Updates
Positive
Negative
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.
Read all positive updates
Company Guidance
Management guided full-year 2026 revenue of $124M–$128M (Q2 revenue $30M–$32M), with ClearanceJobs (CJ) revenue expected at $62M–$64M (Q2 $15M–$16M) and Dice revenue likewise $62M–$64M (Q2 $15M–$16M); they said CJ bookings should grow in 2026 while Dice bookings won’t rebound until tech hiring improves. They target full-year adjusted EBITDA margin of 25% for DHI (40% for CJ and 22% for Dice), free cash flow averaging at or above 10% of revenues, and total 2026 capital expenditures of $7M–$8M. Liquidity and capital return targets include a 1.0x leverage goal (0.91x at quarter end), a $10M share repurchase program (about $6.4M remaining), and PSG’s acquisition is expected to contribute roughly $6M to 2026 revenue; related quarterly/backlog metrics noted were deferred revenue of $44.5M (down 12% YoY) and committed contract backlog of $99.0M (down 8% YoY).DHI Group Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
58
Neutral
Cash Flow
72
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 125.22M | 127.83M | 141.93M | 151.88M | 149.68M | 119.90M |
| Gross Profit | 106.21M | 108.21M | 121.69M | 132.09M | 132.07M | 104.81M |
| EBITDA | 13.53M | 2.35M | 24.12M | 24.02M | 22.66M | 16.75M |
| Net Income | -2.23M | -13.51M | 253.00K | 3.49M | 4.18M | -29.74M |
Balance Sheet | ||||||
| Total Assets | 192.00M | 188.24M | 221.37M | 225.20M | 226.70M | 221.58M |
| Cash, Cash Equivalents and Short-Term Investments | 3.01M | 2.91M | 3.70M | 4.21M | 3.01M | 1.54M |
| Total Debt | 42.17M | 46.57M | 42.62M | 46.55M | 38.53M | 32.10M |
| Total Liabilities | 99.48M | 93.74M | 107.05M | 117.66M | 120.47M | 105.22M |
| Stockholders Equity | 92.52M | 94.51M | 114.33M | 107.54M | 106.24M | 116.36M |
Cash Flow | ||||||
| Free Cash Flow | 20.47M | 13.79M | 7.11M | 1.09M | 18.06M | 14.27M |
| Operating Cash Flow | 27.27M | 21.10M | 21.05M | 21.34M | 36.03M | 28.58M |
| Investing Cash Flow | -13.18M | -8.71M | -13.93M | -15.31M | -17.66M | -19.30M |
| Financing Cash Flow | -13.72M | -13.19M | -7.62M | -4.83M | -16.91M | -15.39M |
DHI Group Technical Analysis
Positive
3.85
Price Trends
3.79
Positive
3.33
Positive
2.63
Positive
Market Momentum
0.08
Positive
49.73
Neutral
33.09
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 3.85 is below the 20-day moving average (MA) of 3.99, above the 50-day MA of 3.79, and above the 200-day MA of 2.63, indicating a bullish trend. The MACD of 0.08 indicates Positive momentum. The RSI at 49.73 is Neutral, neither overbought nor oversold. The STOCH value of 33.09 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 |
|---|---|---|---|---|---|---|---|
68 Neutral | $179.59M | 27.72 | 9.69% | 1.86% | -11.77% | 90.48% | |
65 Neutral | $181.87M | -92.32 | -2.30% | ― | -9.39% | 72.47% | |
65 Neutral | $93.11M | 39.28 | 2.60% | ― | -8.13% | 7.78% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
53 Neutral | $321.20M | -14.08 | 32.87% | ― | -3.33% | -45.12% | |
48 Neutral | $23.06M | -21.20 | -2.14% | ― | -18.78% | 98.07% | |
47 Neutral | $59.48M | -5.39 | -21.60% | ― | -65.05% | -154.86% |
* Technology Sector Average
DHX
DHI Group
4.21
1.52
56.51%
JOB
GEE Group
0.21
<0.01
1.95%
MHH
Mastech Holdings
7.76
0.60
8.38%
BGSF
BGSF
5.55
1.17
26.68%
HQI
HireQuest
12.92
3.16
32.34%
ZIP
ZipRecruiter
3.94
0.03
0.77%
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.