经济观察网戴斯控股(DHX.N)股价近期出现显著波动并突破阶段性高点。在2026年2月5日至2月10日期 间，股价从1.92美元上涨至2.80美元，区间涨幅达68.67%。其中，2月9日单日大涨31.16%，2月10日继 续上涨7.28%，收盘价2.80美元创下近期新高，较60日前的低点1.44美元累计上涨约95%。成交方面，2 月5日成交额一度放大至1691万美元，显示市场关注度较高。 机构评级方面，Lake Street于2026年2月5日维持"持有"评级，目标价2.5美元。当前有4家机构覆盖该 股，目标均价为5.06美元，最高看至10.00美元，最低为2.50美元。 业绩经营情况 未来发展 从基本面看，公司2025年第三季度总收入为3212.3万美元，同比下降8.9%，但调整后税息折旧及摊销前 利润(Adjusted EBITDA)同比增长19.2%至1027.3万美元，利润率达32%。不过，公司同期确认了960万美 元无形资产减值和780万美元商誉减值，导致净亏损430万美元。管理层重申全年收入指引为1.26亿至 1.28亿美元，并将全年调整后EBITDA利润率指引上调至27%。 股价短期快速上涨后， ...

DHI Group (NYSE: DHX) Conference Summary Company Overview - DHI Group operates two tech-oriented recruiting platforms: ClearanceJobs and Dice, which connect employers with tech talent in the U.S. [4][5] - The company is headquartered in Denver, Colorado, and is listed on the New York Stock Exchange under the symbol DHX [4]. Financial Performance - In 2025, DHI Group reported $128 million in revenue and $126 million in bookings, with a five-year CAGR of 2% for revenue and a decline of 1% for bookings [7]. - Adjusted EBITDA was $35 million, resulting in a 27% Adjusted EBITDA margin [7]. - The company generated $21 million in operating cash flow and $14 million in free cash flow [7]. - Over 90% of revenue is recurring, with a significant portion coming from subscription contracts [6][20]. Market Dynamics - The tech staffing sector, which constitutes over 80% of Dice's revenue, is beginning to recover after a hiring recession [7][32]. - The U.S. tech workforce has grown by approximately 3% annually over the past 30 years, with a forecasted growth of at least 15% over the next decade [9][14]. - The average salary for tech professionals in the U.S. is around $111,000, significantly higher than the average worker's salary of $50,000 [11]. Competitive Advantages - DHI Group differentiates itself through specialized search algorithms that focus on tech skills rather than job titles [5]. - The company has a unique skills taxonomy that categorizes over 100,000 tech skills, which is patented and central to its value proposition [16]. - ClearanceJobs is the leading platform for accessing technology professionals with government clearances, a niche not served by competitors like LinkedIn [10]. Recent Developments - DHI Group has introduced a self-service option for managing Dice subscriptions and is testing a premium candidate experience for ClearanceJobs [6]. - The company acquired Agile ATS, an applicant tracking system optimized for government hiring, which has seen revenue growth since its integration [6][35]. - A share buyback program was reinstated, with $11.4 million worth of shares repurchased in 2025 [8]. Future Outlook - The U.S. defense budget is expected to increase significantly, providing opportunities for ClearanceJobs to expand its services to existing contractors [13][36]. - DHI Group aims to achieve a 25% Adjusted EBITDA margin for 2026 and is targeting growth in a normalized demand environment [23][30]. - The company plans to continue exploring tuck-in acquisitions to enhance its service offerings [36]. Challenges - The HR tech space has faced challenging market conditions, with bookings and revenue declining year-over-year [23][30]. - Dice's bookings have a five-year CAGR of -7%, with recent quarters showing a decline in revenue [29]. Key Metrics - ClearanceJobs revenue in 2025 was $55 million, with a five-year CAGR of 12% [28]. - Dice revenue in 2025 was $73 million, with a five-year CAGR of -4% [28]. - ClearanceJobs has a 90% revenue renewal rate and a 109% retention rate [28]. Conclusion - DHI Group is positioned to capture growth in tech hiring, supported by a strong subscription model and a focus on specialized tech recruitment [31].

DHI Group Inc. (NYSE:DHX) stock surged 29.52% in after-hours trading to $2.15 on Wednesday, following the company’s fourth-quarter earnings report and new share repurchase program announcement.Company Authorizes $10 Million Stock BuybackThe Colorado-based provider of AI-powered career marketplaces focused on technology roles said its board of directors has authorized a $10 million stock repurchase program, effective Feb. 9, 2026, through Feb. 8, 2027.Greg Schippers, Chief Financial Officer of DHI Group, sai ...

DHI Group (NYSE:DHX) Q4 2025 Earnings call February 04, 2026 05:00 PM ET Company ParticipantsArt Zeile - CEOGreg Schippers - CFOKevin Liu - Founder and CEOTodd Kehrli - PartnerConference Call ParticipantsGary Prestopino - Managing Director and Senior Equity Research AnalystMax Michaelis - Senior Equity Research AnalystZachary Cummins - Senior Equity Research AnalystOperatorGood day and welcome to the DHI Group, Inc. fourth quarter and full year 2025 financial results conference call. All participants will b ...

DHI Group (NYSE:DHX) Q4 2025 Earnings call February 04, 2026 05:00 PM ET Company ParticipantsArt Zeile - CEOGreg Schippers - CFOKevin Liu - Founder and CEOTodd Kehrli - PartnerConference Call ParticipantsGary Prestopino - Managing Director and Senior Equity Research AnalystMax Michaelis - Senior Equity Research AnalystZachary Cummins - Senior Equity Research AnalystOperatorGood day and welcome to the DHI Group, Inc. fourth quarter and full year 2025 financial results conference call. All participants will b ...

DHI Group (NYSE:DHX) Q4 2025 Earnings call February 04, 2026 05:00 PM ET Speaker0Good day and welcome to the DHI Group, Inc. fourth quarter and full year 2025 financial results conference call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by 0. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then 1 on your telephone keypad. To withdraw your que ...

Forward looking statements This presentation and oral statements made from time to time by our representatives contain forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. You should not place undue reliance on those statements because they are subject to numerous uncertainties and factors relating to our operations and business environ ...

Core Viewpoint - DHI Group, Inc. will report its financial results for the fourth quarter and full year ended December 31, 2025, on February 4, 2026, after market close [1] Financial Results Announcement - The financial results will be released after the market closes and prior to the conference call that afternoon, available in the Investor Relations section of the company's website [2] Conference Call Information - The conference call can be accessed by dialing +1-844-890-1790 for domestic callers and +1-412-380-7407 for international callers, with a pre-registration option available [3] - A live webcast of the call will also be available on the company's website [3] Replay Information - A replay of the call will be accessible by dialing +1-855-669-9658 or +1-412-317-0088 for international callers, with the replay passcode being 5601959, available until February 11, 2026 [4] - A webcast replay will also be available on the company's website [4] Company Overview - DHI Group, Inc. is a provider of AI-powered career marketplaces focusing on technology roles, with brands such as ClearanceJobs and Dice [5] - The company enables recruiters to efficiently connect with skilled technology professionals through a patented algorithm managing over 100,000 unique technology skills [5] - DHI's marketplaces assist tech professionals in finding ideal career opportunities, offering relevant advice and personalized insights [5]

Core Insights - DHI Group (DHX) reported third-quarter 2025 non-GAAP earnings of 9 cents per share, exceeding the Zacks Consensus Estimate by 50% and showing an 80% year-over-year improvement [1] - DHX's revenues for the third quarter reached $32.1 million, surpassing the Zacks Consensus Estimate by 3.6%, although this represents a 9% decline year-over-year [1] - The company's adjusted EBITDA increased by 19% year-over-year to $10.3 million, with an adjusted EBITDA margin expansion of 800 basis points to 32% [4][7] Revenue Breakdown - The ClearanceJobs segment generated revenues of $13.9 million, accounting for 43.3% of total revenues, reflecting a 1% year-over-year increase driven by demand for security-cleared technology professionals [3] - The Dice segment contributed $18.2 million, which is 56.7% of total revenues, but saw a 15% year-over-year decline; however, profitability improved due to restructuring and a transition to a self-service recruiting platform [4] Financial Position - DHX reported a cash reserve of $2.3 million for the quarter ended September 30, down from $2.8 million in the previous quarter, with total debt standing at $30 million [5] - The company generated free cash flow of $3.2 million and operating cash flows of $4.8 million in the third quarter [5] Guidance - For the full year 2025, DHX reaffirmed its revenue guidance of $126-$128 million, with the Zacks Consensus Estimate at $126 million, indicating an 11.2% year-over-year decline [6] - The expected revenue range for the fourth quarter of 2025 is between $29.5 million and $31.5 million, with the Zacks Consensus Estimate at $30.7 million, reflecting an 11.5% year-over-year decline [6] - DHX raised its adjusted EBITDA margin guidance to 27% for 2025 [6] Market Reaction - Following the better-than-expected results, DHX's shares rose by 18.3% in after-market trading on November 10 [2]

Financial Data and Key Metrics Changes - Total revenue for the third quarter of 2025 was $32.1 million, down 9% year-over-year and roughly flat compared to the second quarter [14] - Total bookings for the quarter were $25.4 million, down 12% year-over-year [14] - Total recurring revenue decreased by 11% compared to the prior year, with bookings driving recurring revenue down 13% for the quarter [14] - The company recorded a net loss of $4.3 million, or $0.10 per diluted share, compared to a net loss of $200,000, or $0.00 per diluted share, in the prior year quarter [18] - Adjusted EBITDA for the third quarter was $10.3 million, with a margin of 32%, compared to $8.6 million and a margin of 24% in the prior year [19] Business Line Data and Key Metrics Changes - ClearanceJobs revenue was $13.9 million, up 1% year-over-year and up 2% sequentially, with bookings down 7% year-over-year [14][15] - Dice revenue was $18.2 million, down 15% year-over-year and down 1% sequentially, with bookings down 17% year-over-year [14][15] - ClearanceJobs had an average annual revenue per customer of $26,600, up 7% year-over-year [15] - Dice's average annual revenue per customer was $15,727, down 4% year-over-year [16] Market Data and Key Metrics Changes - The number of new tech job postings on Dice remained around 70% of normal levels, reflecting macroeconomic headwinds [11] - Approximately 10% of job postings on Dice required at least one AI skill at the beginning of 2024, which has now risen above 50% [8] - The proposed $1.1 trillion U.S. defense budget for fiscal year 2026 represents a 13% increase over the previous year's budget, which is expected to benefit ClearanceJobs significantly [9] Company Strategy and Development Direction - The company focuses on providing software tools for employers and recruiters to find tech talent, with over 90% of revenue coming from subscriptions [5] - The integration of Agile ATS with ClearanceJobs aims to enhance the hiring workflow for cleared professionals [10] - The company is exploring additional opportunities in the GovTech space to expand its offerings [52] Management's Comments on Operating Environment and Future Outlook - Management noted that tech hiring has stabilized despite a mixed macro backdrop, with a significant trend towards AI-related job postings driving future demand [7][8] - The company remains optimistic about future growth driven by the defense budget and increased technology investments across industries [23] - Management highlighted the importance of the upcoming defense budget bills being passed to stimulate activity in the market [41] Other Important Information - The company repurchased 741,000 shares for $2.1 million during the quarter, with a total of 2.6 million shares repurchased for $6.2 million year-to-date [22] - The company is targeting total capital expenditures in 2025 to range between $7 million and $8 million, down from $13.9 million last year [21] Q&A Session Summary Question: What is driving the margin expansion in Dice? - Management indicated that the margin expansion was due to headcount vacancies being backfilled and efficient cost allocation to capitalized development costs [29] Question: What was the $9 million write-off related to? - The write-off was related to the Dice trade name, which experienced revenue declines [32] Question: How has renewal activity versus new business activity trended since the government shutdown? - Management noted solid renewal rates among larger customers, while smaller customers faced challenges [56] Question: What percentage of job postings are related to AI? - Over 50% of job postings on the platform are related to AI projects, a significant increase from earlier in the year [49] Question: Are there any other opportunities in the GovTech space? - Management is evaluating several opportunities in the GovTech space, indicating potential for future growth [52]