DLH Holdings Corp. income statement
In fiscal 2025, DLH Holdings Corp. reported revenue of $344m, down 13.0% on the year before, operating income of $16.8m (a 4.9% margin) and net income of $1.4m, or $0.09 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 41 | 42 | 116 | 133 | 160 | 209 | 246 | 395 | 376 | 396 | 344 | 254 |
| Gross profit | 5 | 6 | 26 | 30 | — | — | — | — | — | — | — | — |
| Selling, general and administrative | 7 | 7 | — | — | — | — | — | — | — | — | — | — |
| General and administrative | — | — | 17 | 17 | 21 | 24 | 25 | 31 | 38 | 36 | 31 | 30 |
| Operating income | −4 | −4 | 7 | 9 | 10 | 13 | 17 | 33 | 17 | 25 | 17 | −0 |
| Interest expense | 0 | 0 | 1 | 1 | 2 | 3 | 3 | 2 | 14 | 15 | 13 | 13 |
| Income before tax | −5 | −5 | 5 | 8 | 7 | 10 | 13 | 31 | 1 | 8 | 2 | −13 |
| Income tax | — | 0 | 2 | 6 | 2 | 3 | 3 | 8 | −1 | 0 | 0 | 8 |
| Net income | −6 | −4 | 3 | 2 | 5 | 7 | 10 | 23 | 1 | 7 | 1 | −22 |
| Diluted EPS | −$1.15 | −$0.79 | $0.27 | $0.14 | $0.41 | $0.54 | $0.75 | $1.64 | $0.10 | $0.51 | $0.09 | −$1.49 |
| Diluted shares (average) | 5m | 5m | 12m | 13m | 13m | 13m | 14m | 14m | 14m | 14m | 14m | 14m |
| EBITDA | −4 | −4 | 8 | 11 | 14 | 20 | 25 | 41 | 33 | 42 | 34 | 17 |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 96 | 91 | 89 | 83 | 81 | 69 | 59 | 44 |
| General and administrative | 8 | 8 | 8 | 8 | 7 | 8 | 8 | 7 |
| Operating income | 6 | 6 | 5 | 4 | 2 | 1 | −0 | −4 |
| Interest expense | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 |
| Income before tax | 2 | 2 | 1 | 0 | −1 | −2 | −3 | −7 |
| Income tax | −0 | 0 | 0 | −0 | −0 | −1 | −1 | 10 |
| Net income | 2 | 1 | 1 | 0 | −1 | −1 | −3 | −17 |
| Diluted EPS | $0.16 | $0.08 | $0.06 | $0.02 | −$0.06 | −$0.09 | −$0.17 | −$1.16 |
| EBITDA | 11 | 10 | 9 | 8 | 7 | 6 | 4 | 0 |
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