DLHC · NASDAQ · Specialty Business Services

DLH (DLHC)

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

$3.93
vs last close−0.04 (−1.13%)
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DLH Holdings Corp.DLHC
Industrials

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$57.5M
EPS (ttm)−$1.51
P/E (ttm)−2.64
ROE-20.1%
P/B0.6169
P/S0.2269
Dividend yieldDiv yield
Beta0.17vs XLI 0.16

No analyst consensus on record.

Next report
Dec 9, 26
in 77 days
EPS estimate
−$0.28
Revenue estimate
$37.0M
Fiscal quarter
Q4 FY26

EPSReportedEstimate

Feb '25May '25Aug '25Dec '25Feb '26May '26Jul '26Dec '26
Reported$0.08$0.06$0.02−$0.06−$0.09−$0.17−$1.16Pending
Estimate$0.07$0.07$0.02$0.02−$0.07−$0.16−$0.17−$0.28
Surprise+14.3%−14.3%0.0%−400.0%−28.6%−6.3%−582.4%

RevenueReportedEstimate

Feb '25May '25Aug '25Dec '25Feb '26May '26Jul '26Dec '26
Reported$90.8M$89.2M$83.3M$81.2M$68.9M$59.3M$44.2MPending
Estimate$97.0M$90.0M$83.5M$83.5M$70.2M$58.0M$50.0M$37.0M
Surprise−6.4%−0.9%−0.2%−2.8%−1.9%+2.2%−11.6%
Estimate−$0.28
ReportedDue Dec 9, 2026
Estimate$37.0M
ReportedDue Dec 9, 2026
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%Turned lossTurned loss

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.

Institutions68.23%9.89M shares
45 holders · as of Jun 30, 2026
Insiders21.20%3.07M shares
10 holders · as of Jul 6, 2026
Strategic holders12.92%1.87M shares
1 holder · as of Oct 1, 2025
Adds to102.35%

14.49M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

These groups come from separate filings that can overlap, so they add to 102.35%; nothing is left for Other.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Wynnefield Capital IncInstitution
25.40%3.68Mas of Jun 30, 2026
Mink Brook Asset Management LLCInstitution
19.43%2.82Mas of Jun 30, 2026
Mink Brook Partners LPStrategic
12.92%1.87Mfiled Oct 1, 2025
Kathryn M. JohnBull1Insiderdirector, officer: Director, CEO and President
8.42%638,154filed Jul 2, 2026
Minerva Advisors LLCInstitution
7.70%1.12Mas of Jun 30, 2026
  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.

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Sep 22, 2026Mink Brook Asset Management LLC10 percent owner+301$4.00
Sep 21, 2026Mink Brook Asset Management LLC10 percent owner+174$4.00
Sep 18, 2026Mink Brook Asset Management LLC10 percent owner+316$3.93
Sep 17, 2026Mink Brook Asset Management LLC10 percent owner+204$3.96
Sep 16, 2026Mink Brook Asset Management LLC10 percent owner+1,000$3.94
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$3.93−1.13%$57.5M0.2−47.0%
Leidos$125.61+1.87%$15.51B11.510.40.9+7.2%
Science Applications International$133.43+2.88%$5.48B15.213.10.7+6.3%
Booz Allen Hamilton$77.11+1.08%$9.18B12.012.40.8−4.2%
CACI$618.22+0.82%$13.55B25.418.81.4+17.6%
Amentum$19.82+0.58%$4.81B23.77.80.3−2.0%
Median15.212.40.8+6.3%