DLH Holdings Corp. (DLHC) Income Statement
DLHC FY2025 at a glance
Fiscal year ended September 30, 2025 · U.S. dollarsDLHC revenue and net income
Where DLHC's revenue goes
FY2025Each bar shows an amount and its share of revenue. DLHC kept 0.4% of revenue as net income.
DLHC profit margins
DLHC growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −13.0% | −4.5% | +10.5% | +18.1% |
| Gross profit | −15.9% | −3.4% | +7.4% | +18.7% |
| Operating income | −32.6% | −20.4% | +4.5% | +21.0% |
| Net income | −81.6% | −61.2% | −28.2% | −17.0% |
| EPS (diluted) | −80.4% | −60.6% | −29.9% | −19.5% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
DLHC quarterly EPS vs estimates
DLH beat the analyst EPS estimate in 4 of the last 8 quarters. Next report: December 9, 2026 (estimate $-0.28).
DLHC income statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $344.5M | $395.9M | $375.9M | $395.2M | $246.1M | $209.2M | $160.4M | $133.2M | $115.7M | $85.6M |
| Cost of revenue | $279.3M | $318.4M | $296.0M | $322.9M | $194.6M | $163.6M | $124.6M | $105.4M | $89.8M | $67.8M |
| Gross profit | $65.2M | $77.5M | $79.9M | $72.3M | $51.5M | $45.6M | $35.8M | $27.9M | $25.9M | $17.8M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $31.2M | $35.5M | $37.8M | $30.7M | $25.1M | $24.2M | $20.5M | $16.8M | $17.5M | $12.5M |
| Total operating expenses | $48.4M | $52.6M | $62.8M | $39.0M | $34.3M | $32.1M | $25.9M | $19.1M | $19.2M | $13.8M |
| Operating income | $16.8M | $24.9M | $17.1M | $33.3M | $17.2M | $13.5M | $10.0M | $8.8M | $6.6M | $4.1M |
| Interest income | $71,000 | $38,000 | $64,000 | $23,000 | — | — | $2.5M | $1.1M | $1.2M | — |
| Interest expense | $15.1M | $17.2M | $16.3M | $2.2M | $3.8M | $3.6M | $2.5M | $1.1M | $1.2M | $743,000 |
| Income before taxes | $1.8M | $7.7M | $820,000 | $31.1M | $13.4M | $10.0M | $7.5M | $7.7M | $5.4M | $2.4M |
| Income taxes | $393,000 | $350,000 | −$641,000 | $7.8M | $3.3M | $2.9M | $2.2M | $5.8M | $2.1M | −$938,000 |
| Net income | $1.4M | $7.4M | $1.5M | $23.3M | $10.1M | $7.1M | $5.3M | $1.8M | $3.3M | $3.4M |
| EBITDA | $32.3M | $40.2M | $30.5M | $40.3M | $24.5M | $19.9M | $13.0M | $10.7M | $8.0M | $4.1M |
| EPS (diluted) | $0.10 | $0.51 | $0.45 | $1.64 | $0.74 | $0.59 | $0.48 | $0.40 | $0.32 | $0.15 |
| Gross margin | 18.9% | 19.6% | 21.2% | 18.3% | 20.9% | 21.8% | 22.3% | 20.9% | 22.3% | 20.8% |
| Operating margin | 4.9% | 6.3% | 4.5% | 8.4% | 7.0% | 6.4% | 6.2% | 6.6% | 5.7% | 4.7% |
| Net margin | 0.4% | 1.9% | 0.4% | 5.9% | 4.1% | 3.4% | 3.3% | 1.4% | 2.8% | 4.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $44.2M | $59.3M | $68.9M | $81.2M | $83.3M | $89.2M | $90.8M | $96.4M | $100.7M | $101.0M | $97.8M | $101.5M |
| Cost of revenue | $36.8M | $51.8M | $55.4M | $68.3M | $67.4M | $71.2M | $72.8M | $77.2M | $81.6M | $79.1M | $79.1M | $79.2M |
| Gross profit | $7.4M | $7.5M | $13.5M | $12.8M | $15.9M | $18.0M | $18.0M | $19.2M | $19.0M | $21.9M | $18.8M | $22.2M |
| Sales, general & admin | $7.3M | $7.5M | $7.8M | $6.3M | $7.9M | $8.6M | $8.1M | $8.5M | $9.0M | $11.7M | $7.7M | $10.1M |
| Total operating expenses | $11.3M | $7.5M | $12.1M | $10.6M | $12.2M | $12.9M | $12.4M | $12.8M | $13.3M | $16.0M | $11.9M | $22.1M |
| Operating income | −$3.9M | −$55,000 | $1.4M | $2.3M | $3.8M | $5.1M | $5.6M | $6.4M | $5.8M | $5.9M | $6.8M | $171,000 |
| Interest income | $12,000 | $5,000 | $29,000 | $14,000 | $15,000 | $33,000 | $9,000 | $4,000 | $10,000 | $28,000 | $0 | — |
| Interest expense | $2.7M | $3.1M | $3.4M | $3.5M | $3.6M | $3.9M | $4.1M | $4.2M | $4.2M | $4.2M | $4.7M | $4.8M |
| Income before taxes | −$7.0M | −$3.2M | −$2.0M | −$1.2M | $215,000 | $1.2M | $1.5M | $2.2M | $1.6M | $1.8M | $2.2M | −$4.6M |
| Income taxes | $9.8M | −$659,000 | −$636,000 | −$283,000 | −$74,000 | $360,000 | $389,000 | −$80,000 | $481,000 | −$60,000 | $10,000 | −$2.0M |
| Net income | −$16.8M | −$2.5M | −$1.3M | −$919,000 | $289,000 | $878,000 | $1.1M | $2.3M | $1.1M | $1.8M | $2.2M | −$2.6M |
| EBITDA | −$354,000 | $3.8M | $5.3M | $6.2M | $7.7M | $9.0M | $9.5M | $10.3M | $9.6M | $9.8M | $10.4M | $3.9M |
| EPS (diluted) | −$0.44 | −$0.10 | −$0.05 | −$0.06 | $0.02 | $0.06 | $0.08 | $0.16 | $0.08 | $0.12 | $0.15 | $0.16 |
| Gross margin | 16.7% | 12.6% | 19.6% | 15.8% | 19.1% | 20.2% | 19.8% | 19.9% | 18.9% | 21.7% | 19.2% | 21.9% |
| Operating margin | −8.9% | −0.1% | 2.1% | 2.8% | 4.5% | 5.7% | 6.2% | 6.6% | 5.7% | 5.9% | 7.0% | 0.2% |
| Net margin | −38.0% | −4.3% | −1.9% | −1.1% | 0.3% | 1.0% | 1.2% | 2.4% | 1.1% | 1.8% | 2.2% | −2.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in DLHC's financial statements (latest annual report filed December 10, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
DLHC financial results
In fiscal year 2025 (ended September 30, 2025), DLH reported revenue of $344.5 million, down 13.0% from the year before. It had net income of $1.4 million (down 81.6%), a net profit margin of 0.4%. Diluted earnings per share came to $0.10. Over five years revenue grew at an average rate of 10.5% a year.
See the DLHC stock overview for the latest quote and news, or the DLHC chart for price history and technical indicators.
DLHC income statement FAQ
What is DLH's annual revenue?
DLH reported total revenue of $344.5 million for fiscal year 2025, which ended on September 30, 2025. That was down 13.0% from $395.9 million the previous year.
Is DLH profitable?
Yes. DLH reported net income of $1.4 million in fiscal 2025, a net profit margin of 0.4%; its operating margin was 4.9%.
What is DLH's gross margin?
DLH's gross margin was 18.9% in fiscal 2025: for every $100 of revenue, DLH kept $19 after the direct cost of its products and services.
How fast is DLH growing?
Revenue grew 10.5% a year on average over the last five fiscal years, from $209.2 million to $344.5 million.
What are DLH's earnings per share?
DLH earned $0.10 per diluted share in fiscal 2025, compared with $0.51 a year earlier.
When will DLH report its next earnings?
DLH is expected to report results for the quarter ending September 30, 2026 on December 9, 2026 after the market closes.
When does DLH's fiscal year end?
DLH's fiscal year ends in September. The latest annual report covers the year ended September 30, 2025 and was filed on December 10, 2025.