DHI Group, Inc. reported a decline in financial performance for the third quarter and the first nine months of 2025, as detailed in its latest 10-Q filing. For the three months ended September 30, 2025, the company generated revenue of $32.1 million, a decrease of 9% from $35.3 million in the same period of 2024. The nine-month revenue also fell by 10% to $96.5 million from $107.1 million year-over-year. The company recorded a net loss of $4.3 million for the third quarter, compared to a loss of $200,000 in the prior year, and a net loss of $14.9 million for the nine months, up from a loss of $769,000 in 2024.
The decline in revenue was attributed to macroeconomic conditions affecting customer renewal rates and new business activity, particularly within the Dice segment, which saw a 15% drop in revenue. In contrast, ClearanceJobs experienced a slight revenue increase of 1%, driven by ongoing demand for security-cleared professionals. The company also reported significant impairment charges, including a $9.6 million impairment of intangible assets and a $7.8 million impairment of goodwill, primarily related to the Dice segment.
DHI Group has undergone strategic restructuring, separating its operations into two distinct segments: ClearanceJobs and Dice. This restructuring included workforce reductions of approximately 8% in January 2025 and 25% in June 2025, aimed at streamlining operations and reducing costs. The company also made a strategic acquisition of AgileATS in July 2025, enhancing its capabilities in applicant tracking systems for government contractors.
Operationally, DHI Group reported a decrease in its customer base, with ClearanceJobs serving 1,822 recruitment package customers, down 8% from the previous year, and Dice serving 4,239 customers, a 13% decline. The average annual revenue per customer for ClearanceJobs increased by 7%, while Dice saw a 4% decrease. The company’s total assets decreased to $192.5 million as of September 30, 2025, down from $221.4 million at the end of 2024, reflecting the impact of impairments and operational challenges.
Looking ahead, DHI Group anticipates that its existing cash, operational cash flow, and available borrowings under its credit agreement will be sufficient to meet its cash requirements for the foreseeable future. However, the company remains cautious about the ongoing federal government shutdown and its potential impact on hiring and demand for its services, particularly in the ClearanceJobs segment. The company continues to monitor market conditions closely as it navigates these challenges.
About DHI GROUP, INC.
DHI Group, Inc. provides AI-powered online career marketplaces, primarily through brands ClearanceJobs and Dice, connecting security-cleared and technology professionals with employers. The company offers recruitment packages, job postings, candidate profiles, employer branding, and data insights to facilitate efficient talent discovery and hiring. Serving government agencies, tech firms, and staffing companies, it focuses on specialized, high-demand professional communities with a competitive, technology-driven business model.
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