CENTENNIAL, Colo.—Today, DHI Group, Inc. (NYSE: DHX) (“DHI” or the “Company”) announced its financial results for the first quarter ended March 31, 2025.
First Quarter 2025 Financial Highlights(1)
- Total revenue was $32.3 million, down 10% year over year.
- ClearanceJobs revenue was $13.4 million, up 3% year over year.
- Dice revenue was $18.9 million, down 18% year over year.
- Total bookings were $42.1 million, down 14% year over year.
- ClearanceJobs bookings were $16.8 million, down 1% year over year.
- Dice bookings were $25.3 million, down 20% year over year.
- Net loss was $9.4 million, or $0.21 per diluted share, a net income margin of negative 29%, compared to a net loss of $1.5 million, or $0.03 per diluted share, a net income margin of negative 4%, in the year-ago quarter. Net loss was negatively impacted this quarter by a $7.4 million impairment to Dice goodwill and a $2.3 million restructuring charge.
- Non-GAAP earnings per share was $0.04 per diluted share, compared to $0.05 per diluted share in the prior year quarter.
- Adjusted EBITDA was $7.0 million, down 19% year over year, and Adjusted EBITDA Margin was 22%, compared to 24% in the year-ago quarter.
- ClearanceJobs Adjusted EBITDA was $5.7 million, or a 43% margin, compared to $5.5 million, and a margin of 42% in the prior year quarter.
- Dice Adjusted EBITDA was $3.4 million, or a 18% margin, compared to $5.0 million, and a margin of 22% in the prior year quarter.
- Cash flow from operations was $2.2 million, up 8% from $2.1 million in the year-ago quarter while capitalized development costs declined $1.5 million or 42% year over year.
- Cash was $2.7 million at quarter end compared to $3.2 million in the year ago quarter.
- Total debt at the end of the quarter was $33.0 million on our $100 million revolver, down from $41.0 million in the year-ago quarter.
| (1) See definition of bookings and see “Notes Regarding the Use of Non-GAAP Financial Measures” related to Adjusted EBITDA, Adjusted EBITDA Margin, and Non-GAAP Earnings Per Share, later in this press release. |
Commenting on the results, Art Zeile, President and CEO of DHI Group, said:
“We continue to navigate a challenging macroeconomic environment with resilience, and despite a decline in total revenue, we have maintained a strong company-wide Adjusted EBITDA margin, including ClearanceJobs maintaining an Adjusted EBITDA margin above 40%. Encouragingly, we are seeing a slow but steady rise in new tech job postings, signaling that companies across industries are beginning to reinvest in technology initiatives like AI. We expect this renewed focus to drive growing demand for our solutions, which empower organizations to attract, identify, and hire the right technology talent for their needs. Additionally, ClearanceJobs is well positioned to continue the growth it’s experienced over many years, particularly with the recently proposed $150 billion boost in current defense funding by the U.S. government. We also believe that ClearanceJobs can deliver additional services in the Govtech space, and we are actively working on them. We remain committed to advancing our industry-leading product offerings, sharpening our go-to-market strategies, and delivering greater value with increased efficiency and profitability.”
Commenting on 2025 full-year guidance, Greg Schippers, CFO of DHI Group, commented:
“We continue to expect ClearanceJobs bookings to grow in 2025, however, we do not expect total bookings growth to resume until tech hiring normalizes. As a result, we are reiterating our total revenue guidance of $131 to $135 million for the full year. In the second quarter, we expect revenue of $32 to $33 million. From a profitability perspective, we continue to target an Adjusted EBITDA margin of 24% for the full year. Our focus remains on achieving long-term, sustainable revenue growth, and we are well positioned to drive customer acquisition and revenue growth when tech hiring returns to normal levels.”
