DHX · DHI Group, Inc.

DHI Group's first quarter 2026 results reflect a continued strategic divergence between its two primary platforms. The ClearanceJobs segment demonstrated robust growth, with revenue increasing 5% year-over-year to $14.0 million and bookings rising 7%, driven by improving demand trends and a favorable government spending environment. Management noted that recent acquisitions, Point Solutions Group and AgileATS, are performing ahead of expectations, expanding the scope of the ClearanceJobs platform as the primary growth engine. Conversely, the Dice segment faced headwinds, with revenue declining 17% to $15.7 million due to softness in the broader tech hiring market. Despite the revenue decline, Dice achieved significant margin expansion, with Adjusted EBITDA margin increasing to 28% from 18% in the prior year quarter, reflecting disciplined cost management and improved operating leverage. Overall, the company expanded consolidated Adjusted EBITDA margin by 500 basis points to 27% and generated $6.8 million in free cash flow, a significant increase from $0.1 million in the prior year. The company returned capital to shareholders through the implementation of a $10 million share repurchase plan, repurchasing 2.0 million shares for $4.7 million during the quarter. Management reaffirmed its fiscal 2026 guidance, projecting total revenue in the range of $124 million to $128 million and an Adjusted EBITDA margin of 25%, signaling confidence in the durability of the ClearanceJobs growth trajectory and the ability to maintain profitability despite Dice's top-line challenges.