DHI(DHX) - 2025 Q4 - Annual Results

Revenue Performance - Total revenue for Q4 2025 was $31.4 million, down 10% year-over-year[4] - ClearanceJobs revenue increased by 1% to $13.9 million, while Dice revenue decreased by 17% to $17.4 million[4] - For FY 2025, total revenue was $127.8 million, down 10% year-over-year[4] - Revenues for the three months ended December 31, 2025, were $31,375 thousand, a decrease of 9.0% compared to $34,785 thousand for the same period in 2024[27] - Total revenue for Q4 2025 was $31,375 million, a decrease of 10% from $34,785 million in Q4 2024[36] - Total bookings for FY 2025 were $125,835 million, down 10% from $140,559 million in FY 2024[41] - For the year ended December 31, 2025, total revenue was $127,826,000, a decrease from $141,926,000 in 2024[62] Net Income and Earnings - Net income for Q4 2025 was $1.4 million, or $0.03 per diluted share, with a net income margin of 4%[4] - Net income for the three months ended December 31, 2025, was $1,351 thousand, an increase of 32.2% from $1,022 thousand for the same period in 2024[27] - Net income for Q4 2025 increased to $1,351 million, up 32% from $1,022 million in Q4 2024[36] - The company reported a basic earnings per share of $0.03 for the three months ended December 31, 2025, compared to $0.02 for the same period in 2024[27] - Net loss for FY 2025 was $(13,510) million, compared to a net income of $253 million in FY 2024[36] - The company reported an income (loss) before income taxes of $(14,688,000) for 2025, compared to $2,950,000 in 2024[62] Cash Flow and Financial Position - Cash flow from operations was $7.2 million, compared to $4.4 million in the previous year, generating free cash flow of $5.7 million[4] - Cash flows from operating activities for the three months ended December 31, 2025, were $7,225 thousand, an increase from $4,369 thousand for the same period in 2024[29] - Free Cash Flow for Q4 2025 increased to $5,694, a 260% increase from $1,583 in Q4 2024[52] - Cash provided by operating activities for FY 2025 was $21,102, slightly up from $21,045 in FY 2024[52] - The company reported a 94% increase in Free Cash Flow for FY 2025, reaching $13,793 compared to $7,113 in FY 2024[52] Adjusted EBITDA and Margins - Adjusted EBITDA for Q4 2025 increased by 2% to $9.4 million, with an Adjusted EBITDA margin of 30%[4] - Adjusted EBITDA for Q4 2025 was $9,355, compared to $9,153 in Q4 2024, showing a stable performance[56] - Adjusted EBITDA for FY 2025 was $35,103 million, a slight decrease of 1% from $35,313 million in FY 2024[36] - The Adjusted EBITDA margin for 2025 was 27%, down from 25% in 2024[64] - ClearanceJobs is expected to achieve an Adjusted EBITDA margin of 40% in FY 2026, while Dice is targeted at 22%[9] Debt and Liabilities - Total debt at the end of Q4 2025 was $30.0 million, down from $32.0 million[4] - Total liabilities decreased to $93,736 thousand as of December 31, 2025, from $107,046 thousand as of December 31, 2024, a reduction of 12.4%[31] - Interest expense for the year ended December 31, 2025, was $2,459,000, down from $3,200,000 in 2024[62] Impairments and Charges - The company incurred impairment charges of $9,600 thousand for intangible assets and $7,800 thousand for goodwill during the twelve months ended December 31, 2025[27] - The company incurred impairments totaling $9,600,000 for intangible assets and $7,800,000 for goodwill in 2025[62] Share Repurchase and Guidance - A new $10 million share repurchase program was approved by the board, effective through February 2027[7] - Fiscal 2026 guidance projects total revenue for DHI between $118 million and $122 million[9] - The company provided guidance for Adjusted EBITDA margin but could not reconcile it to GAAP measures due to uncertainties[65]