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Introduction and Summary This section provides an overview of DHI Group, Inc. ( DHI, the "Company," "we," "us," or "our"). Please see our consolidated financial statements included elsewhere in this report for additional discussion regarding our results of operations for the year ended December 31, 2025. (in thousands) FY 2025 FY 2024 Change Revenues $ 127,826 $ 141,926 (10) % Operating income …
The business is unprofitable at the operating level (-8.90% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 9.9% YoY. Margins deteriorated 13.4pp alongside, both lines moving the wrong way.
ROIC dropped from 2.33% to -6.18%, capital efficiency is deteriorating. Operating margin contracted 13.4pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
$125M
▼ -9.9% YoY
Net Income (TTM)
-$2M
▼ -5439.9% YoY
Op. Margin
0.78%
▼ -13.4pp YoY
ROIC
0.56%
▼ -8.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$20M
▲ +93.9% YoY
Op. Cash Flow (TTM)
$27M
▲ +0.3% YoY
Net Debt
$39M
Cash & Equiv.
$3M
5Y CAGR: +2.8%
5Y CAGR: +39.8%
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