DHI Group Q2 Earnings: Revenue Down 11%, Adjusted EBITDA Up 27%

DHI Group reported Q2 revenue of $32 million, down 11% YoY, and a net loss of $0.8 million due to a $4.2 million restructuring charge. ClearanceJobs revenue increased slightly, while Dice revenue dropped 18%. Adjusted EBITDA was $8.5 million, with a margin improvement to 27%. The company's strategic acquisition of AgileATS is expected to enhance its GovTech presence, and management is optimistic about long-term growth, particularly for ClearanceJobs. Full-year revenue guidance has been adjusted to $126-$128 million, focusing on operational efficiency and cost management.

DHI Group, Inc. (NYSE: DHX) reported its financial results for the second quarter ended June 30, 2025, showing a total revenue of $32.0 million, a 11% year-over-year (YoY) decline. The company's ClearanceJobs revenue increased slightly to $13.6 million, up 1% YoY, while Dice revenue dropped by 18% to $18.4 million [1].

The quarter ended with a net loss of $0.8 million, or $0.02 per diluted share, driven by a $4.2 million restructuring charge. This restructuring is expected to generate annualized cost savings of between $14.0 and $16.0 million. Non-GAAP earnings per share were $0.07 per diluted share, compared to $0.06 per diluted share in the prior year quarter. Adjusted EBITDA was $8.5 million, with an Adjusted EBITDA Margin of 27%, up from 25% in the year-ago quarter [1].

Cash flow from operations was $6.9 million, down from $9.1 million in the year-ago quarter. This decline was partially offset by a decrease in capitalized development costs by $1.3 million, or 41%, year over year. Free cash flow for the quarter was $4.8 million, compared to $5.6 million in the prior year period. Total debt at the end of the quarter was $30.0 million, down from $35.0 million in the year-ago quarter [1].

Art Zeile, President and CEO of DHI Group, commented on the results, highlighting the strategic importance of ClearanceJobs and the acquisition of AgileATS to expand the company's GovTech footprint. Greg Schippers, CFO, provided full-year guidance, adjusting the revenue range to $126 to $128 million, with third-quarter revenue expected to be in the range of $31 to $32 million. The company also raised its full-year Adjusted EBITDA margin guidance to 26% [1].

DHI Group's patented algorithm and AI-powered tools continue to set it apart in the tech hiring landscape, with a focus on operational efficiency and cost management to drive long-term growth.

References:
[1] https://www.businesswire.com/news/home/20250806230336/en/DHI-Group-Reports-Second-Quarter-Results-and-Advances-Strategic-Expansion-with-AgileATS-Acquisition