DLHC · NASDAQ · Specialty Business Services

DLH (DLHC)

Delivers technology, research, and engineering services through federal contracts.

$4.33
At close+0.02 (+0.46%)
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DLH Holdings Corp.DLHCIndustrials

Delivers digital transformation and cybersecurity, science research and development, and systems engineering services to federal agencies. Revenue is earned primarily through competitively bid federal prime contracts, with health and readiness work centered on HHS, VA, and DoD.

Delivers health and readiness solutions for civilian and military federal agencies through three capability lines: digital transformation and cybersecurity, science research and development, and systems engineering and integration. Its customers include HHS, the VA, and the DoD.

Operations are centered in the United States and are performed primarily under competitively bid federal prime contracts. The platform combines government-sector experience with technology, research, and systems-engineering capabilities, expanded through Danya International, Social & Scientific Systems, and Grove Resource Solutions.

Federal procurement and competitive contract awards shape the business. Contract set-asides, organizational conflicts, bid-and-award protests, termination provisions, and acquisition integration and employee and customer retention affect contract execution.

Company facts

CEOKathryn JohnBull
ListedMay 29, 1986
ExchangeNASDAQ
HeadquartersAtlanta, GA
CountryUnited States
Employees2,300
CIK0000785557
ISINUS23335Q1004

Market cap$62.6M
EPS (ttm)−$1.51
P/E (ttm)−2.87
ROE-20.1%
P/B0.6665
P/S0.2469
Dividend yieldDiv yield
Beta0.19vs XLI 0.07

No analyst consensus on record.

EPSReportedEstimate

Dec '24Feb '25May '25Aug '25Dec '25Feb '26May '26Jul '26
Reported$0.16$0.08$0.06$0.02−$0.06−$0.09−$0.17−$1.16
Estimate$0.11$0.07$0.07$0.02$0.02−$0.07−$0.16−$0.17
Surprise+45.5%+14.3%−14.3%0.0%−400.0%−28.6%−6.3%−582.4%

RevenueReportedEstimate

Dec '24Feb '25May '25Aug '25Dec '25Feb '26May '26Jul '26
Reported$96.4M$90.8M$89.2M$83.3M$81.2M$68.9M$59.3M$44.2M
Estimate$101.0M$97.0M$90.0M$83.5M$83.5M$70.2M$58.0M$50.0M
Surprise−4.6%−6.4%−0.9%−0.2%−2.8%−1.9%+2.2%−11.6%
Estimate−$0.17
Reported−$1.16−582.4%
Estimate$50.0M
Reported$44.2M−11.6%
View details

Debt to equity151.30%
Current ratio67.50%

ProfitabilityRevenueNet incomeNet margin

Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26
Revenue$96.4M$90.8M$89.2M$83.3M$81.2M$68.9M$59.3M$44.2M
Net income$2.3M$1.1M$878.0K$289.0K−$919.0K−$1.3M−$2.5M−$16.8M
Net margin2.4%1.2%1.0%0.3%0.0%0.0%0.0%0.0%

GrowthOperating income

Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26
Operating income$6.4M$5.6M$5.1M$3.8M$2.3M$1.4M−$55.0K−$3.9M
YoY growth+3,629.2%−17.3%−13.9%−34.8%−64.2%−74.5%−101.1%−204.7%

Balance sheet, Jun 30, 2026Cash & short-term investments $235.0K · Total debt $141.1M · Total assets $254.8M · Shareholders' equity $93.3M

Revenue
$44.2M
Operating income
−$3.9M
Net income
−$16.8M
View details

No dividends on record.

Institutions43 holders · as of Mar 31, 202665.69%9.52M shares
Insiders10 holders · as of Jul 6, 202621.20%3.07M shares
Strategic holders1 holder · as of Oct 1, 202512.92%1.87M shares
Otherremainder0.19%28.7K shares

14.49M company shares as of Sep 3, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesEvidence
Wynnefield Capital IncInstitution
25.40%3.68M13Fas of Mar 31, 2026
Mink Brook Asset Management LLCInstitution
18.47%2.68M13Fas of Mar 31, 2026
Mink Brook Partners LPStrategic
12.92%1.87M13Gfiled Oct 1, 2025
Kathryn M. JohnBull1Insiderdirector, officer: Director, CEO and President
8.42%638,15413Gfiled Jul 2, 2026
Minerva Advisors LLCInstitution
7.68%1.11M13Fas of Mar 31, 2026
See all 25
  1. Kathryn M. JohnBull's transaction reports restate only vehicles that traded; the 2019 ownership statement (638.2K) plus the 582.7K net shares acquired since is used instead.

13F — a manager's quarterly holdings · 13D/13G — an ownership statement filed at 5% or more

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Sep 1, 2026Mink Brook Asset Management LLC10 percent owner+200$4.36
Aug 31, 2026Mink Brook Asset Management LLC10 percent owner+500$4.40
Aug 28, 2026Mink Brook Asset Management LLC10 percent owner+500$4.47
Aug 27, 2026Mink Brook Asset Management LLC10 percent owner+224$4.49
Aug 26, 2026Mink Brook Asset Management LLC10 percent owner+500$4.49
View details

  • Leidos

    U.S. federal technology and managed-health services contractor

  • Science Applications International

    Federal mission integrator for government IT and systems engineering

  • Booz Allen Hamilton

    Federal technology contractor spanning health, cyber, and defense missions

  • CACI

    Federal technology contractor spanning health IT, cyber, and systems integration

  • Amentum

    Advanced engineering and technology solutions for government missions

Compare

CompanyPriceChange
DLH$4.33+0.46%$62.6M0.2−47.0%
Leidos$133.75−0.01%$16.83B12.511.01.0+7.2%
Science Applications International$127.180.00%$5.38B14.912.50.7+6.3%
Booz Allen Hamilton$73.67+0.64%$8.80B11.511.70.8−4.2%
CACI$615.50+0.18%$13.57B25.418.71.4+17.6%
Amentum$19.88−0.15%$4.86B24.07.80.3−2.0%
Median14.911.70.8+6.3%