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Nasdaq · Industrials

DLH Holdings Corp. (DLHC)

As-reported financials and SEC filings for DLH Holdings Corp. The latest annual period is FY2025. The latest reported quarter is Q3 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About DLH Holdings Corp.

DLH Holdings Corp. provides health and readiness solutions to U.S. federal government agencies through digital transformation, cybersecurity, science research and development, and systems engineering and integration services. Its main customers include the Department of Health and Human Services, the Department of Veterans Affairs, and the Department of Defense. The company delivers technology-powered health and defense initiatives, including IT modernization, cyber security, clinical research, and engineering support primarily via prime government contracts.

Snapshot

Revenue
$344.5M
Revenue growth (YoY)
-13.0%
Net income
$1.4M
Diluted EPS
$0.09
Gross margin
Operating margin
4.9%
Net margin
0.4%
FCF margin
6.7%
ROE
1.2%
net income / fiscal-year-end equity
P/E
48.3×
trailing when available, otherwise FY EPS
Market cap
$63.0M
Long-term debt / equity
1.06×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended September 30, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at DLH Holdings

  • Revenue fell 13.0% to $344M in FY2025, slower than the 5.3% the year before.
  • Operating margin is 4.9% in FY2025, -2.1 pp against 7.0% in FY2021.
  • Most recent quarter Q3 FY2026: revenue $44M, down 46.9% from Q3 FY2025.
  • Free cash flow was $23M in FY2025, 6.7% of revenue.
  • Net income fell 81.6% to $1M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where DLH Holdings’s fundamentals sit among the 684 Industrials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Operating margin4.9%
49th percentile of 605
Net margin0.4%
34th percentile of 645
FCF margin6.7%
58th percentile of 562
Revenue growth (YoY)-13.0%
12th percentile of 668
ROE1.2%
35th percentile of 600
P/E48.3×
85th percentile of 434
Long-term debt / equity1.06×
78th percentile of 409
Short interest5.40d
79th percentile of 676

DLH Holdings’s revenue growth of -13.0% ranks in the 12th percentile of the 668 Industrials companies reporting it. DLH Holdings’s P/E of 48.3 ranks in the 85th percentile of the 434 peers with a meaningful P/E.

45 reported insider purchases (code P) totaling $564,755 in the last 90 days. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 2 quant / multi-strat books among the superinvestors we track; no conviction manager currently reports a position.

Conviction investors
0
+2 quant / multi-strat
Initiated / added
0
0 new, 0 added
Reduced / exited
2
2 trimmed, 0 exited
Combined position
$1.1M
reported long value
InvestorAs ofPosition valueSharesChange
Renaissance TechnologiesquantQ2 2026$954,833181.9KReduced
Citadel AdvisorsquantQ2 2026$189,44136.1KReduced

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
45
1 insider
Bought (90d)
$565K
code P value
Sells (90d)
0
Reported activity
Net buying
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-09-01
Mink Brook Asset Management LLC10% ownerBuy200$4.36$872
2026-08-31
filed 2026-09-01
Mink Brook Asset Management LLC10% ownerBuy500$4.40$2K
2026-08-28
Mink Brook Asset Management LLC10% ownerBuy500$4.47$2K
2026-08-27
filed 2026-08-28
Mink Brook Asset Management LLC10% ownerBuy224$4.49$1K
2026-08-26
Mink Brook Asset Management LLC10% ownerBuy500$4.49$2K
2026-08-25
filed 2026-08-26
Mink Brook Asset Management LLC10% ownerBuy209$4.54$949
2026-08-24
Mink Brook Asset Management LLC10% ownerBuy41$4.53$186
2026-08-21
filed 2026-08-24
Mink Brook Asset Management LLC10% ownerBuy79$4.55$359
2026-08-20
Mink Brook Asset Management LLC10% ownerBuy70$4.55$319
2026-08-19
filed 2026-08-20
Mink Brook Asset Management LLC10% ownerBuy493$4.54$2K
2026-08-18
Mink Brook Asset Management LLC10% ownerBuy1.0K$4.54$5K
2026-08-17
filed 2026-08-18
Mink Brook Asset Management LLC10% ownerBuy1.0K$4.54$5K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
79.9K
settled 2026-08-14
Change vs prior
+4.4%
vs previous settlement
Days to cover
5.40
at avg daily volume
Avg daily volume
14.8K
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-1479.9K+4.4%5.40
2026-07-3176.5K+39.0%5.66
2026-07-1555.0K-27.6%1.73
2026-06-3076.0K+97.4%1.00
2026-06-1538.5K-10.6%4.49
2026-05-2943.1K-2.0%4.25
2026-05-1544.0K-7.2%2.57
2026-04-3047.4K-12.2%5.00

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$344.5M$395.9M$375.9M$395.2M$246.1M
Gross profit
Operating income$16.8M$24.9M$17.1M$33.3M$17.2M
Net income$1.4M$7.4M$1.5M$23.3M$10.1M
Diluted EPS$0.09$0.51$0.10$1.64$0.75

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$23.2M$27.4M$31.0M$1.2M$45.7M
Capital expenditure$241,000$836,000$625,000$872,000$103,000
Free cash flow$23.0M$26.5M$30.4M$371,000$45.6M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q3 FY2026$44.2M-46.9%$-16.8M$-1.16
Q2 FY2026$59.3M-33.6%$-2.5M$-0.17
Q1 FY2026$68.9M-24.1%$-1.3M$-0.09
Q4 FY2025$81.2M-15.8%$-919,000$-0.06
Q3 FY2025$83.3M-17.2%$289,000$0.02
Q2 FY2025$89.2M-11.7%$878,000$0.06
Q1 FY2025$90.8M-7.2%$1.1M$0.08
Q4 FY2024$96.4M-5.0%$2.3M$0.17

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorIndustrials
SIC industryServices-Help Supply Services
Latest annual periodFY2025 (ended September 30, 2025)
Latest reported quarterQ3 FY2026 (ended June 30, 2026)
Oldest indexed filing2004
SEC CIK785557

Selected SEC filings

10-K2025-12-10
View on EDGAR →
10-Q2026-07-29
View on EDGAR →
10-Q2026-05-06
View on EDGAR →
10-Q2026-02-09
View on EDGAR →
8-K2026-08-25
View on EDGAR →
8-K2026-07-29
View on EDGAR →
8-K2026-07-06
View on EDGAR →
8-K2026-06-17
View on EDGAR →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.