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DLH Holdings (DLHC) Q3 FY26 earnings results (third quarter fiscal 2026)

10-Q filed Jul 29, 2026

DLH Holdings (DLHC) reported revenue of $44.2M for the third quarter fiscal 2026 (Q3 FY26), -47% from a year earlier and -25% from the quarter before. Operating margin was -8.9%, net loss $16.8M (38.0% of revenue).

Revenue$44.2M
Year over year-47%
Quarter over quarter-25%
Operating margin-8.9%
Net earnings−$16.8M

DLH Holdings, Q3 FY26: revenue $44.2M (-47% year over year), operating margin -8.9%, net loss $16.8M, operating cash flow $4.2M. The chart follows the revenue to costs, profit and cash.

Q3 FY26AmountQ/QY/Y
Revenue$44.2M-25%-47%
Operating profit−$3.9M—-205%
Net earnings−$16.8M—-5909%
Operating cash flow$4.2M+11%-56%

What changed

Revenue was $44.2M in Q3 FY26, down 47% year over year and down 25% from the previous quarter.

Operating costs exceeded revenue by $3.9M, an operating margin of -8.9%. Total costs fell 39% while revenue fell 47%. The quarter ended with a net loss of $16.8M, wider than the previous quarter's $2.5M loss.

Operating cash flow was $4.2M (down 56% year over year). Non-cash charges added back $4.0M of depreciation and amortization. Working capital and other items added $17.0M.

Questions

What was DLH Holdings' revenue in the third quarter fiscal 2026?

DLH Holdings (DLHC) reported revenue of $44.2M for the third quarter fiscal 2026 (Q3 FY26), -47% from a year earlier and -25% from the quarter before.

Was DLH Holdings profitable in the third quarter fiscal 2026?

Operating loss was $3.9M (-8.9% of revenue) and net loss $16.8M.

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Source: DLH Holdings 10-Q on SEC EDGAR.