DLH Holdings Corp. (DLHC) Financial Statements
Industry: Help Supply Services (Services)
In fiscal 2025, DLH reported revenue of $344.5M, down 13.0% from $395.9M the year before. Net income was $1.4M (a 0.4% net margin), or $0.09 per diluted share. Operating margin was 4.9%. Operating activities generated $23.2M of cash, leaving $23.0M of free cash flow. At fiscal year end, DLH held $290.7M in total assets against $177.7M in total liabilities, including $125,000 of cash and equivalents.
Open the full interactive DLH financials → Quarterly statements, key ratios, valuation history and price charts.
DLH Key Stats
| Share Price | $4.01 |
|---|---|
| Market Cap | $58.1M |
| P/E Ratio | 44.6 |
| Revenue YoY Growth | -13.0% |
| 52-Week Range | $3.46 – $6.57 |
| Shares Outstanding | 14.5 million (basic, 2026 Q3) |
DLH Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $209.2M | $246.1M | $395.2M | $375.9M | $395.9M | $344.5M |
| Operating Income | $13.5M | $17.2M | $33.3M | $17.1M | $24.9M | $16.8M |
| Pre-Tax Income | $10.0M | $13.4M | $31.1M | $820,000 | $7.7M | $1.8M |
| Income Tax | $2.9M | $3.3M | $7.8M | -$641,000 | $350,000 | $393,000 |
| Net Income | $7.1M | $10.1M | $23.3M | $1.5M | $7.4M | $1.4M |
| Diluted EPS | $0.54 | $0.75 | $1.64 | $0.10 | $0.51 | $0.09 |
DLH Quarterly Results
| 2025 Q4 | 2026 Q1 | 2026 Q2 | 2026 Q3 | |
|---|---|---|---|---|
| Revenue | $81.2M | $68.9M | $59.3M | $44.2M |
| Net Income | -$920,000 | -$1.3M | -$2.5M | -$16.8M |
| Diluted EPS | -$0.06 | -$0.09 | -$0.17 | -$1.16 |
DLH Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.4M | $24.1M | $228,000 | $215,000 | $342,000 | $125,000 |
| Current Assets | $37.4M | $61.8M | $43.6M | $62.4M | $53.0M | $42.5M |
| Total Assets | $183.6M | $197.2M | $169.0M | $339.8M | $314.4M | $290.7M |
| Current Liabilities | $48.0M | $66.4M | $38.5M | $64.8M | $53.2M | $42.7M |
| Total Long-Term Debt | $67.3M | $46.8M | $22.0M | $172.3M | $149.4M | $128.0M |
| Total Liabilities | $130.1M | $131.6M | $77.0M | $237.4M | $204.2M | $177.7M |
| Shareholders' Equity | $53.4M | $65.6M | $92.1M | $102.4M | $110.1M | $113.0M |
DLH Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $19.5M | $45.7M | $1.2M | $31.0M | $27.4M | $23.2M |
| Cash From Investing | -$32.8M | -$44,000 | -$872,000 | -$181.2M | -$836,000 | -$241,000 |
| Cash From Financing | $12.9M | -$22.9M | -$24.2M | $150.2M | -$26.4M | -$23.2M |
| Free Cash Flow | $19.3M | $45.6M | $371,000 | $30.4M | $26.5M | $23.0M |
Figures from DLH's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full DLH financials page for every line item.
DLH Company Profile
| Ticker | DLHC |
|---|---|
| Exchange | Nasdaq |
| Industry | Help Supply Services (Services) |
| Headquarters | Atlanta, Georgia |
| Incorporated in | New Jersey |
| Fiscal Year End | September 30 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0000785557 |
Frequently Asked Questions
What was DLH's revenue in fiscal 2025?
DLH (DLHC) reported revenue of $344.5M for fiscal 2025.
What is DLH's annual revenue history?
DLH's annual revenue by fiscal year: 2020: $209.2M; 2021: $246.1M; 2022: $395.2M; 2023: $375.9M; 2024: $395.9M; 2025: $344.5M.
What was DLH's net income in fiscal 2025?
DLH reported net income of $1.4M for fiscal 2025.
What was DLH's earnings per share (EPS) in fiscal 2025?
DLH's diluted EPS was $0.09 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did DLH generate in fiscal 2025?
DLH generated $23.0M of free cash flow in fiscal 2025.
What was DLH's revenue last quarter?
In its most recent reported quarter (2026 Q3), DLH reported revenue of $44.2M.
How much debt does DLH have?
DLH reported $128.0M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of DLH are outstanding?
DLH reported a weighted average of 14.5 million basic shares outstanding in 2026 Q3.
What is DLH's market cap?
Based on its latest closing price, DLH (DLHC) has a market capitalization of about $58.1M.
When does DLH's fiscal year end?
DLH's fiscal year end, as registered with the SEC, is September 30.
Where is DLH headquartered?
DLH lists its business address in Atlanta, Georgia in its SEC filings.