DLH Holdings Corp. balance sheet

At the end of fiscal 2025, DLH Holdings Corp. had total assets of $291m, total liabilities of $178m and shareholders' equity of $113m. It held $125,000 in cash against $132m of debt: net debt of $131m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

DLH Holdings Corp.: balance sheet, annual
Fiscal year	2010Sept 2010	2011Sept 2011	2017Sept 2017	2018Sept 2018	2019Sept 2019	2020Sept 2020	2021Sept 2021	2022Sept 2022	2023Sept 2023	2024Sept 2024	2025Sept 2025	LTMJun 2026
Cash and equivalents	1	1	5	6	2	1	24	0	0	0	0	0
Receivables	11	11	12	10	23	33	33	40	59	50	38	24
Total current assets	13	13	17	17	27	37	62	44	62	53	43	29
Goodwill	9	9	26	26	53	67	66	66	138	138	138	138
Total assets	25	22	70	63	129	184	197	169	340	314	291	255
Accounts payable	2	2	5	3	10	15	17	12	13	13	12	8
Deferred revenue (current)	—	—	—	0	0	0	22	0	0	0	0	0
Total current liabilities	17	16	21	16	29	48	66	39	65	53	43	43
Short-term debt	—	—	—	0	0	7	0	0	17	12	8	21
Long-term debt	—	—	20	7	54	61	45	20	155	137	120	105
Total debt	2	1	20	8	56	70	47	20	179	155	132	129
Total liabilities	17	16	34	23	84	130	132	77	237	204	178	162
Shareholders' equity	8	6	36	39	46	53	66	92	102	110	113	93
Net debt (negative = net cash)	0	−0	15	1	54	69	23	20	179	154	131	129
Shares outstanding	5m	6m	12m	12m	12m	12m	13m	13m	14m	14m	14m	14m

US$ millions unless shown otherwise. Fiscal quarters.

DLH Holdings Corp.: balance sheet, quarterly
Quarter	2024 Q4Sept 2024	2025 Q1Dec 2024	2025 Q2Mar 2025	2025 Q3Jun 2025	2025 Q4Sept 2025	2026 Q1Dec 2025	2026 Q2Mar 2026	2026 Q3Jun 2026
Receivables	50	64	52	45	38	36	34	24
Total current assets	53	68	55	50	43	40	37	29
Goodwill	138	138	138	138	138	138	138	138
Total assets	314	325	307	299	291	284	277	255
Accounts payable	13	13	13	10	12	10	9	8
Deferred revenue (current)	0	0	0	0	0	0	0	0
Total current liabilities	53	65	50	46	43	41	42	43
Short-term debt	12	28	17	14	8	17	19	21
Long-term debt	137	135	130	124	120	116	111	105
Total debt	149	162	147	138	128	133	130	126
Total liabilities	204	214	194	186	178	171	166	162
Shareholders' equity	110	111	113	114	113	112	110	93
Shares outstanding	14m	14m	14m	14m	14m	14m	14m	14m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from DLH Holdings Corp.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to DLH Holdings Corp.