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what it is
DHI runs niche job sites and sells employers access to job posts, resume databases, and recruiting packages.
how it gets paid
Last year Dhi made $128M in revenue. Dice tech careers was the main engine at $58M, or 45% of sales.
why growth slowed
Revenue fell 9.9% last year. EDGAR shows latest-quarter revenue of $96 million, up 200% vs. prior year, but EPS fell to -$0.33 from a year-ago profit base.
what just happened
The quarter showed $96M in revenue and EPS of -$0.33, which keeps the turnaround story on a short leash.
At a glance
C++ balance sheet — some cracks in the foundation
30/100 earnings predictability — expect surprises
1.3% return on capital — nothing to write home about
-$0.30 fy2025 eps est
$2B fy2026 rev est
xvary composite: 41/100 — below average
What they do
DHI runs niche job sites and sells employers access to job posts, resume databases, and recruiting packages.
DHI wins by being useful in narrow job markets where generic job boards feel noisy. Dice targets tech and engineering, eFinancialCareers targets finance, and that focus matters when your recruiter wants a specific skill set fast. The company does this with just 484 employees, which tells you the product is mostly digital plumbing, not an army of salespeople.
How they make money
$128M
annual revenue · their business grew -9.9% last year
Dice tech careers
$58M
eFinancialCareers
$26M
ClearanceJobs and security-cleared hiring
$19M
Healthcare and hospitality job boards
$15M
Rigzone energy careers and events
$10M
The products that matter
tech hiring marketplace
Dice
core brand inside a $128M company
Dice is the front door for the DHX story. Recruitment packages bring in $96M, or 75% of revenue. If tech hiring stays soft, you feel it here first.
core demand driver
security-cleared job board
ClearanceJobs
specialized niche
ClearanceJobs is the cleaner niche on paper because security-cleared hiring is harder to replicate. The catch is this snapshot does not break out revenue by brand, so you should not pretend the data is more granular than it is.
scarcer talent pool
upsell and ancillary services
Other Services
$32M · 25% of revenue
This $32M bucket declined 9% last year. That matters because it shows the weakness is not isolated to one product. You are looking at broad customer caution, not one broken offering.
25% of revenue
Key numbers
8.9%
operating margin
Operating margin -> profit from the business before financing and taxes -> so what: DHX loses about 9 cents for every $1 of sales.
$128M
annual revenue
This is the actual size of the business today, and it fell 9.9% vs. prior year.
$37M
long-term debt
That debt load equals 27% of capital, which is manageable for a stable business and awkward for a shrinking one.
-$0.30
2025 EPS est.
EPS -> profit per share -> so what: the business is still expected to lose money in 2025, which explains why there is no trailing P/E.
Financial health
C++
strength
- balance sheet grade C++ — below average — limited financial resources
- risk rank 3 — safer than 50% of stocks
- price stability 10 / 100
- long-term debt $37M (27% of capital)
C++ — below average. watch for debt servicing and cash burn.
Total return vs. market
Return history isn't available for DHX right now.
source: institutional data · return history unavailable
What just happened
missed estimates
The quarter showed $96M in revenue and EPS of -$0.33, which keeps the turnaround story on a short leash.
EDGAR shows latest-quarter revenue of $96 million, up 200% vs. prior year, but EPS fell to -$0.33 from a year-ago profit base. That is the contrast: headline growth looked huge, per-share profit got worse.
$96M
revenue
-$0.33
eps
n/a
n/a
the number that mattered
EPS of -$0.33 mattered most because it tells you revenue growth did not translate into profit.
source: company earnings report, 2026
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What could go wrong
the main risk is brutally specific: DHX needs hiring demand to stabilize before its balance sheet and buyback story run out of narrative power.
med
recruitment packages keep shrinking
Recruitment Packages generate $96M, or 75% of revenue, and fell 10% last year. If employer demand stays weak, most of the company stays weak with it.
This is the operating heart of the story. When three quarters of revenue move together, you do not get much diversification inside the model.
med
the legal overhang turns into more than noise
Kaskela Law LLC is investigating potential securities law violations by DHI officers and directors. That does not tell you the final outcome. It does tell you a $100M company now has one more thing competing for attention and money.
We do not have a supportable dollar estimate for exposure here. The practical risk is legal cost, distraction, and weaker trust in a stock that already asks you for patience.
med
debt matters more when revenue is falling
DHI carries $37M of long-term debt, equal to 27% of capital, with a C++ financial-strength grade. That looks manageable in a stable business. This is not a stable business right now.
If sales keep sliding, management gets fewer good choices. Buybacks, debt, and operations start competing with each other instead of helping each other.
When 75% of revenue comes from recruitment packages and total sales already fell 9.9%, the bear case does not require a collapse. It only requires hiring budgets to stay soft.
source: institutional data · regulatory filings · risk analysis
Pay attention to
trend
does the revenue decline finally flatten
After a 9.9% full-year drop and a 10.6% trailing decline, stabilization is the number that matters. If you only watch one thing, watch this.
capital return
how much of the $10M buyback actually gets used
A $10M authorization is large next to a roughly $104.7M market cap. The key insight is pace. Repurchases matter only if cash and debt still allow them.
legal
whether the investigation fades or escalates
Right now it is an overhang. If it grows into a larger dispute, governance stops being background noise and becomes part of your thesis.
next catalyst
the next quarterly print needs sales to cooperate
Management raised its profit forecast. Here's the thing: margin talk only goes so far if revenue keeps slipping. The next report needs demand to look less bad.
Analyst rankings
earnings predictability
30 / 100
in human-speak, analysts do not trust this business to produce smooth quarterly numbers.
risk rank
3
Middle of the pack on paper. In practice, small-cap volatility and shrinking sales mean you should still expect drama.
price stability
10 / 100
The stock does not trade like a calm compounder. If you own it, your stomach does part of the work.
source: institutional data
Institutional activity
institutional ownership data for DHX is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$3
current price
n/a
target midpoint · n/a from current
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