CENTENNIAL, Colo. – DHI Group, Inc. (NYSE: DHX) reported a mix of recovery and resilience in its fourth-quarter and full-year 2025 financial results on Wednesday, highlighted by a return to growth for its security-clearance platform and the authorization of a new $10 million stock repurchase program.
The company, which operates AI-powered career marketplaces Dice and ClearanceJobs, saw total revenue for the fourth quarter reach $31.4 million. While this represented a 10% decline year-over-year—largely due to a 17% drop in Dice revenue amid a cooling commercial tech hiring market—the company’s ClearanceJobs brand emerged as a bright spot.
ClearanceJobs bookings returned to year-over-year growth, rising 3% to $14.6 million. Executives attributed this momentum to a record federal defense budget and the early stages of hiring “tailwinds” within the defense sector.
“This quarter’s results demonstrate the strength of our subscription-based model,” said Art Zeile, President and CEO of DHI Group. “ClearanceJobs achieved a key inflection point… while Dice continues to face a challenging commercial tech environment, our ongoing platform modernization and AI-driven differentiation position us well for recovery.”
Financial Stability Amid Restructuring
For the full year 2025, DHI reported a net loss of $13.5 million, or $0.30 per diluted share. However, leadership noted that this loss was primarily driven by $26.2 million in one-time restructuring and impairment charges. On a non-GAAP basis, the company remained profitable with full-year earnings of $0.29 per diluted share.
The company’s efficiency measures appeared to pay off in cash flow. Free cash flow for the full year surged 94% to $13.8 million, up from $7.1 million in 2024. This liquidity allowed the company to pay down $2 million in debt during the fourth quarter, ending the year with $30 million in total debt.
Betting on the Future: $10 Million Buyback
Bolstered by this cash generation, DHI’s Board of Directors authorized a new $10 million stock repurchase program, effective February 9, 2026. This follows the completion of a previous $5 million program in January.
“This share repurchase authorization reflects our confidence in DHI’s strategic direction [and] the durability of our cash flows,” said CFO Greg Schippers.
2026 Outlook
Looking ahead, DHI Group provided fiscal year 2026 revenue guidance between $118 million and $122 million. The company expects ClearanceJobs to continue its upward trajectory, forecasting revenue of $56 million to $58 million for the brand, while anticipating a stabilization for Dice as the tech industry navigates shifting economic conditions and the impact of AI on the workforce.
DHI remains focused on maintaining high margins, targeting a 25% Adjusted EBITDA margin for the total company in the coming year.
