DHI Group (DHX) Q3 2026 earnings summary

Executive summary

• Q3 revenue was $32.2M, up 0.4% YoY; ClearanceJobs growth offset Dice weakness, and net income was $2.4M versus a $4.3M loss.

• ClearanceJobs bookings rose 32% YoY, while Dice bookings fell 9%, with declines narrowing for a second consecutive quarter.

Financial highlights

• Q3 Adjusted EBITDA was $8.9M at a 28% margin; non-GAAP diluted EPS was $0.10 versus $0.09, and reported diluted EPS was $0.06 versus a $0.10 loss.

• Q3 operating cash flow rose 51% to $7.2M; free cash flow rose 67% to $5.3M.

• 9M revenue was $93.3M, down 3% YoY; 9M Adjusted EBITDA was $25.4M versus $25.7M, with a 27% margin in both periods.

• Operating expenses fell $8.2M, or 22%, to $28.4M YoY; excluding the prior-year impairment, expenses rose $1.4M, primarily due to the Point Solutions Group acquisition.

Outlook and guidance

• FY 2026 revenue guidance narrowed to $124M–$126M; Q4 outlook is $31M–$33M, with FY segment ranges of $62M–$63M each.

• FY 2026 Adjusted EBITDA margin guidance rose to 26%; segment targets are 40% for ClearanceJobs and 25% for Dice.

• ClearanceJobs bookings growth is expected to continue; Dice bookings are expected to remain pressured through the rest of 2026, with gradual recovery supported by retention and sales execution.

• FY capital expenditures are expected at $6M–$7M; the long-term free cash flow conversion target is 10%+ of revenue.