DLHC

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DLH Holdings Corp.

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Key Metrics

Previous Close: $4.56
52-Week Range: $4.45 – $8.10
Market Cap: $65.65M
P/E (TTM): —
EPS (TTM): -1.49
Dividend Yield: —

Advanced Metrics

Price/Book: 0.70
PEG Ratio: 1.13
Return on Equity: -20.84%
Return on Assets: -0.06%
Gross Margin: 18.14%
Operating Margin: -8.89%
Profit Margin: -8.51%
Current Ratio: 0.68
Debt/Equity: 1.51
Total Debt: $141.14M
Free Cash Flow: $21.57M
Revenue Growth: -46.90%
Earnings Growth: —
Enterprise Value: $206.56M

DLHC Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$395.17M	$375.87M	$395.94M	$344.50M
Cost of Revenue	$322.89M	$296.02M	$318.45M	$279.33M
Gross Profit	$72.29M	$79.86M	$77.49M	$65.16M
Selling, General & Admin	$30.73M	$37.80M	$35.54M	$31.20M
Operating Expenses	$39.01M	$55.09M	$52.59M	$48.38M
Operating Income	$33.28M	$24.76M	$24.90M	$16.79M
EBITDA	$40.30M	$30.54M	$40.15M	$32.29M
Pretax Income	$31.06M	$820.00K	$7.75M	$1.75M
Income Tax	$7.78M	-$641.00K	$350.00K	$393.00K
Net Income	$23.29M	$1.46M	$7.40M	$1.36M
Diluted EPS	1.64	0.10	0.51	0.09
Diluted Shares	14.18M	14.43M	14.40M	14.46M

DLHC Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$228.00K	$215.00K	$342.00K	$125.00K
Receivables	$41.44M	$60.11M	$50.76M	$39.51M
Current Assets	$43.60M	$62.40M	$52.96M	$42.54M
Total Assets	$169.01M	$339.84M	$314.38M	$290.66M
Current Liabilities	$38.54M	$64.79M	$53.24M	$42.67M
Long-Term Debt	$20.42M	$155.15M	$137.32M	$119.97M
Total Debt	$39.11M	$191.71M	$164.81M	$144.97M
Total Liabilities	$76.95M	$237.40M	$204.25M	$177.71M
Retained Earnings	$990.00K	$2.45M	$9.85M	$11.21M
Shareholders' Equity	$92.06M	$102.44M	$110.13M	$112.96M
Working Capital	$5.06M	-$2.39M	-$285.00K	-$134.00K
Net Debt	$20.19M	$172.12M	$149.03M	$127.91M

DLHC Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$1.24M	$31.03M	$27.37M	$23.22M
Capital Expenditure	-$872.00K	-$625.00K	-$836.00K	-$241.00K
Free Cash Flow	$371.00K	$30.41M	$26.53M	$22.98M
Depreciation & Amortisation	$7.67M	$15.56M	$17.05M	$17.18M
Stock-Based Compensation	$2.61M	$1.92M	$1.90M	$1.46M
Investing Cash Flow	-$872.00K	-$181.20M	-$836.00K	-$241.00K
Financing Cash Flow	-$24.19M	$150.15M	-$26.40M	-$23.19M
Net Change in Cash	-$23.82M	-$13.00K	$127.00K	-$217.00K

DLHC Income statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$83.34M	$81.16M	$68.89M	$59.27M	$44.23M
Cost of Revenue	$67.65M	$68.32M	$55.40M	$47.49M	$36.82M
Gross Profit	$15.69M	$12.84M	$13.50M	$11.78M	$7.41M
Selling, General & Admin	$7.63M	$6.26M	$7.76M	$7.53M	$7.34M
Operating Expenses	$11.94M	$10.56M	$12.06M	$11.83M	$11.34M
Operating Income	$3.75M	$2.28M	$1.44M	-$55.00K	-$3.93M
EBITDA	$7.65M	$6.16M	$5.33M	$3.83M	-$353.00K
Pretax Income	$215.00K	-$1.20M	-$1.96M	-$3.19M	-$7.01M
Income Tax	-$74.00K	-$283.00K	-$636.00K	-$659.00K	$9.77M
Net Income	$289.00K	-$919.00K	-$1.32M	-$2.54M	-$16.79M
Diluted EPS	0.02	—	-0.09	-0.17	-1.16
Diluted Shares	14.45M	—	14.56M	14.49M	14.49M

DLHC Balance Sheet statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$194.00K	$125.00K	$257.00K	$131.00K	$235.00K
Receivables	$46.01M	$39.51M	$36.52M	$34.31M	$25.08M
Current Assets	$49.59M	$42.54M	$39.64M	$36.79M	$28.70M
Total Assets	$299.34M	$290.66M	$283.51M	$276.71M	$254.81M
Current Liabilities	$45.82M	$42.67M	$41.03M	$42.29M	$42.53M
Long-Term Debt	$124.31M	$119.97M	$116.05M	$110.51M	$104.94M
Total Debt	$155.89M	$144.97M	$149.80M	$145.58M	$141.14M
Total Liabilities	$185.64M	$177.71M	$171.32M	$166.44M	$161.54M
Retained Earnings	$12.13M	$11.21M	$9.89M	$7.35M	-$9.44M
Shareholders' Equity	$113.70M	$112.96M	$112.19M	$110.27M	$93.26M
Working Capital	$3.76M	-$134.00K	-$1.38M	-$5.50M	-$13.83M
Net Debt	$138.15M	$127.91M	$133.22M	$129.83M	$126.08M

DLHC Cash Flow statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	$9.57M	$10.68M	-$4.77M	$3.79M	$4.20M
Capital Expenditure	-$212.00K	-$28.00K	-$39.00K	—	—
Free Cash Flow	$9.36M	$10.65M	-$4.81M	$3.79M	$4.20M
Depreciation & Amortisation	$4.31M	$4.30M	$4.30M	$4.30M	$4.00M
Stock-Based Compensation	$559.00K	$180.00K	$647.00K	$617.00K	-$219.00K
Investing Cash Flow	-$212.00K	-$28.00K	-$39.00K	$0.00	$0.00
Financing Cash Flow	-$9.36M	-$10.72M	$4.94M	-$3.91M	-$4.10M
Net Change in Cash	-$2.00K	-$69.00K	$132.00K	-$126.00K	$104.00K

Market Snapshot

About

DLH Holdings Corp. provides technology-enabled business process outsourcing and program management solutions primarily to federal government agencies. The company's services include digital transformation, cybersecurity, data analytics, logistics, and health services support. DLH works extensively with the Department of Veterans Affairs, Department of Defense, and other federal clients. The company focuses on delivering mission-critical services and has a workforce distributed across the United States.