Dhi Group Narrows 2026 Revenue Outlook and Lifts Ebitda Margin
ClearanceJobs bookings rose 32% to $15.8 million as the company guided 2026 revenue to $124 million–$126 million.
DHI Group, Inc. (DHX), a provider of AI-powered career marketplaces for technology roles, reported third-quarter revenue of $32.2 million, matching the year-ago quarter after a 2% year-over-year decline in the second quarter.
The mix shifted further toward ClearanceJobs. ClearanceJobs revenue was $16.5 million, up 18% from a year earlier, accelerating from 14% growth in the second quarter. Dice revenue was $15.7 million, down 13% after a 14% year-over-year decline in the prior quarter.
Bookings moved in the same direction. Total bookings were $27.9 million, up 10% from a year earlier, after a 2% year-over-year increase in the second quarter. ClearanceJobs bookings were $15.8 million, up 32%, accelerating from 24% growth in the second quarter. Excluding Point Solutions Group, the company said bookings increased 15%. Dice bookings were $12.1 million, down 9%, a narrower decline than the 14% year-over-year drop in the second quarter.
President and Chief Executive Officer Art Zeile said ClearanceJobs’ new-business team delivered its strongest bookings quarter in the platform’s 24-year history and that recruitment package customer count increased sequentially. He said demand from traditional defense contractors, emerging defense technology companies and allied defense firms expanding in the United States positions ClearanceJobs for sustained growth.
At Dice, Zeile said the year-over-year bookings decline narrowed for the second consecutive quarter, reflecting progress in efforts to stabilize the business. He said enterprise renewal spending remains under pressure and that new-business sales performance and demand for specialized technology talent provide encouraging signs.
Net income was $2.4 million, or $0.06 a share, a 7% net income margin, versus a net loss of $4.3 million, or $0.10 a share, a year earlier. Non-GAAP earnings were $0.10 a share, compared with $0.09 a share.
Adjusted EBITDA was $8.9 million, a 28% margin, compared with $10.3 million and a 32% margin a year earlier. ClearanceJobs Adjusted EBITDA was $6.7 million with a 41% margin, compared with $5.9 million and a 43% margin a year earlier. Dice Adjusted EBITDA was $4.0 million with a 25% margin, compared with $6.2 million and a 34% margin a year earlier.
Cash flow from operations was $7.2 million, compared with $4.8 million a year earlier. Free cash flow was $5.3 million, compared with $3.2 million. Cash was $3.2 million at quarter end. Total debt remained $30.0 million versus year-end 2025 and was down $2.0 million sequentially from $32.0 million at the end of the second quarter. The company repurchased 0.9 million shares for $3.8 million in the third quarter.
ClearanceJobs recruitment package customers were 1,764, down 3% from 1,822 a year earlier. Dice recruitment package customers were 3,452, down 19% from 4,239 a year earlier. ClearanceJobs renewal rate on revenue was 93%, versus 85% a year earlier; Dice renewal rate on revenue was 67%, versus 69% a year earlier. Backlog was $87.5 million at September 30, 2026, down 7% from $94.3 million a year earlier.
DHI is providing fourth-quarter 2026 outlook and narrowing its full-year revenue guidance range to $124 million–$126 million. It raised full-year Adjusted EBITDA margin guidance for DHI to 26% and for Dice to 25%, while maintaining ClearanceJobs at 40%. Fourth-quarter revenue is guided at $31 million–$33 million, with ClearanceJobs at $16 million–$17 million and Dice at $15 million–$16 million.
Chief Financial Officer Greg Schippers said disciplined expense management and solid collections supported free cash flow, enabling a $2 million debt reduction and the share repurchases. He said the company continues to balance investment in growth opportunities with financial discipline, debt reduction and returning capital to shareholders.
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