Filing Flows › DLH Holdings (DLHC) › Q4 FY25
DLH Holdings (DLHC) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Dec 10, 2025
DLH Holdings (DLHC) reported revenue of $81.2M for the fourth quarter fiscal 2025 (Q4 FY25), -16% from a year earlier and -3% from the quarter before. Operating margin was 2.8%, net loss $920K (1.1% of revenue).
DLH Holdings, Q4 FY25: revenue $81.2M (-16% year over year), operating margin 2.8%, net loss $920K, operating cash flow $10.7M. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $81.2M | -3% | -16% |
| Operating profit | $2.3M | -39% | -64% |
| Net earnings | −$920K | -418% | -140% |
| Operating cash flow | $10.7M | +12% | -14% |
| Free cash flow | $10.7M | — | -13% |
What changed
Revenue was $81.2M in Q4 FY25, down 16% year over year and down 3% from the previous quarter.
Operating profit was $2.3M, a 2.8% margin (down 3.8 points year over year). Total costs fell 12% while revenue fell 16%. The quarter ended with a net loss of $920K, after a profit of $289K the previous quarter. Net interest and other expense of $3.5M was the main reason.
Operating cash flow was $10.7M (down 14% year over year). Non-cash charges added back $4.3M of depreciation and amortization and $179K of share-based compensation. Working capital and other items added $7.1M. After purchases of equipment and improvements ($27K), free cash flow as the company reports it was $10.7M.
Questions
What was DLH Holdings' revenue in the fourth quarter fiscal 2025?
DLH Holdings (DLHC) reported revenue of $81.2M for the fourth quarter fiscal 2025 (Q4 FY25), -16% from a year earlier and -3% from the quarter before.
Was DLH Holdings profitable in the fourth quarter fiscal 2025?
Operating profit was $2.3M (2.8% of revenue) and net loss $920K.
Source: DLH Holdings 10-K on SEC EDGAR.