0001393883-26-000041
SEC filingDHI Group, Inc. reported revenues of $127.8 million for the fiscal year ended December 31, 2025, representing a 10% decline from $141.9 million in the prior year. The company experienced a significant swing to a net loss of $13.5 million, or $0.30 per diluted share, compared to net income of $0.3 million, or $0.01 per diluted share, in 2024. This deterioration was primarily driven by substantial non-cash impairment charges totaling $18.8 million, including $9.6 million for intangible assets and $7.8 million for goodwill, alongside $6.5 million in restructuring costs. Despite the net loss, operating cash flow remained robust at $21.1 million, consistent with the prior year. Adjusted EBITDA held steady at $35.1 million with a 27% margin. The company reduced fixed asset purchases by 48% year-over-year while continuing share repurchases of $9.7 million.
DHI Group, Inc. reported fiscal year 2025 revenue of $127.8 million, a 10% decrease from $141.9 million in 2024. The company recorded an operating loss of $11.4 million compared to operating income of $6.3 million in the prior year. Net loss totaled $13.5 million, or $0.30 per diluted share, versus net income of $0.3 million, or $0.01 per diluted share, in 2024. The significant decline in profitability was driven by $9.6 million in intangible asset impairment, $7.8 million in goodwill impairment, $6.5 million in restructuring costs, and $1.4 million in right-of-use asset impairment. Excluding these non-recurring items, Adjusted EBITDA remained stable at $35.1 million.
The company reported total revenues of $127.8 million with no segment breakdown disclosed in the provided filing materials. The 10% year-over-year revenue decline reflects challenging market conditions. Cost of revenues was $19.6 million, resulting in gross profit of $108.2 million. The gross margin remained relatively stable at 84.7% compared to 84.6% in the prior year, indicating pricing discipline despite lower volumes. No geographic or product segment data was available in the XBRL financial data or document excerpts provided.
Gross margin held steady at 84.7%, demonstrating cost management in direct service delivery. However, operating margin deteriorated significantly to -8.9% from 4.5% in the prior year due to substantial non-cash impairment charges and restructuring expenses. Total operating expenses reached $139.2 million, including $39.8 million in sales and marketing, $27.1 million in general and administrative, and $12.8 million in product development. Adjusted EBITDA margin improved to 27% from 25%, indicating underlying operational efficiency when excluding non-recurring charges.
Operating cash flow remained strong at $21.1 million, essentially flat compared to $21.0 million in 2024. Free cash flow, calculated as operating cash flow minus capital expenditures of $7.3 million, was approximately $13.8 million. The company maintained a solid liquidity position with $24.5 million in current assets and $55.1 million in current liabilities. Long-term debt stood at $30.0 million, with net debt payments of $2.0 million during the year. Total stockholders' equity was $94.5 million. The company returned $9.7 million to shareholders through stock repurchases.
The filing did not include specific forward-looking guidance or management projections for fiscal 2026. Risk factors highlighted include capacity constraints, systems failures, and network security breaches that could materially affect business operations. The company continues to focus on operational efficiency, as evidenced by the 48% reduction in fixed asset purchases to $7.3 million. Management's strategic priorities appear centered on cost management and shareholder returns through repurchase programs.