DHI Group (DHX) Q2 2026 earnings summary

Executive summary

• Q2 2026 revenue was $31.3M, down 2% year-over-year, with ClearanceJobs up 14% and Dice down 14%; net income reached $2.6M, reversing a net loss of $0.8M in Q2 2025.

• ClearanceJobs delivered strong revenue and bookings growth, with bookings up 24% year-over-year, driven by organic growth and the Point Solutions Group acquisition.

• Dice showed signs of stabilization, with sequential improvement in bookings decline and increased activity among staffing firms, though revenue and bookings were still down 14% year-over-year.

• The company generated healthy free cash flow, reduced debt, and repurchased shares, reflecting confidence in long-term value.

• Operates two tech talent platforms, ClearanceJobs and Dice, with over 9 million profiles and AI-powered matching tools.

Financial highlights

• Adjusted EBITDA margin was 27% for Q2 2026, with Adjusted EBITDA of $8.3M and net income of $2.6M ($0.06 per diluted share).

• Non-GAAP EPS was $0.09, up from $0.07 in the prior year quarter.

• Operating expenses decreased 17% year-over-year to $27.5M, reflecting improved efficiency.

• Free cash flow was $4.5M, with capital expenditures of $1.6M, down 20% year-over-year.

• Cash from operations was $14.5M for the first half of 2026, up from $9.1M in 2025.

Outlook and guidance

• Full-year 2026 revenue guidance reaffirmed at $124M–$128M; Q3 2026 revenue expected at $30M–$32M.

• Adjusted EBITDA margin guidance for 2026: company at 25%, ClearanceJobs at 40%, Dice at 24%.

• ClearanceJobs bookings growth is expected to accelerate in the second half of the year.

• Dice's year-over-year decline is expected to moderate, but bookings growth is not anticipated to resume in 2026.

• Management expects sufficient liquidity for at least the next 12 months, with $3.8M in cash and $38M available under the credit facility.