DLHC on Nasdaq

DLH Holdings Corp.

American help supply services company based in Atlanta, active since 1969.

Price unavailable

Last updated Oct 18, 2026.

Overview

$344.5MRevenue, fiscal 2025²

$1.4MNet income, fiscal 2025²

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TickerDLHC on Nasdaq
IndustryServices-Help Supply Services
HeadquartersAtlanta, United States
Incorporated inNJ³
Business address3565 Piedmont Road, Ne, Building 3, Suite 700, Atlanta, Ga 30305³
Filer categoryNon-accelerated filer, Smaller reporting company³

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

4.9%Operating margin²

0.4%Net margin²

-13.0%Revenue growth, 2025²

1.2%Return on equity²

1.06×Debt to equity²

Where the money goes

Where each dollar of revenue went, fiscal 2025

Other costs

Other costs99¢$342.7M
Income tax0¢$393.0K
Profit0¢$1.4M

Out of $344.5M in revenue.²

Where each dollar of operating cash went, fiscal 2025

Kept or used elsewhere

Kept or used elsewhere100¢$23.2M

Out of $23.2M of cash from operations.²

Financial statements

Revenue⁴⁵⁶⁷⁸⁹²$344.5M in 2025+159% since 2018

Operating income⁴⁵⁶⁷⁸⁹²$16.8M in 2025+91% since 2018

Net income⁴⁵⁶⁷⁸⁹²$1.4M in 2025−26% since 2018

Every line of the income statement as filed: the last 2 fiscal years (annual) or 8 quarters (quarterly), latest first.²

Period ending	2025-09-30	2024-09-30
Revenue	$344.5M	$395.9M
Contract costs	$279.3M	$318.4M
General and administrative costs	$31.2M	$35.5M
Depreciation and amortization	$17.2M	$17.1M
Total operating costs	$327.7M	$371.0M
Income from operations	$16.8M	$24.9M
Interest expense	-$15.0M	-$17.2M
Income before provision for income taxes	$1.8M	$7.7M
Provision for income taxes	$393.0K	$350.0K
Net income	$1.4M	$7.4M
Basic (in dollars per share)	$0.09	$0.52
Diluted (in dollars per share)	$0.09	$0.51
Basic (in shares)	14.4M shares	14.2M shares
Diluted (in shares)	14.5M shares	14.4M shares

Period ending	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31
Revenue	$81.2M	$83.3M	$89.2M	$90.8M	$96.4M	$100.7M	$101.0M	$97.8M
Contract costs	$67.3M	$67.6M	$71.6M	$72.8M	$77.5M	$82.0M	$79.5M	$79.4M
General and administrative costs	$7.3M	$7.6M	$8.2M	$8.1M	$8.2M	$8.6M	$11.3M	$7.3M
Depreciation and amortization	$4.3M	$4.3M	$4.3M	$4.3M	$4.3M	$4.3M	$4.2M	$4.3M
Income from operations	$2.3M	$3.8M	$5.1M	$5.6M	$6.4M	$5.8M	$5.9M	$6.8M
Income before provision for income taxes	-$1.2M	$215.0K	$1.2M	$1.5M	$2.2M	$1.6M	$1.8M	$2.2M
Provision for income taxes	-$282.0K	-$74.0K	$360.0K	$389.0K	-$81.0K	$481.0K	-$60.0K	$10.0K
Net income	-$920.0K	$289.0K	$878.0K	$1.1M	$2.3M	$1.1M	$1.8M	$2.2M
Basic (in dollars per share)	-$0.06	$0.02	$0.06	$0.08	$0.16	$0.08	$0.13	$0.15
Diluted (in dollars per share)	-$0.06	$0.02	$0.06	$0.08	$0.16	$0.08	$0.12	$0.15

Total assets⁴⁵⁶⁷⁸⁹²$290.7M in 2025+365% since 2018

Total liabilities⁴⁵⁶⁷⁸⁹²$177.7M in 2025+669% since 2018

Shareholders’ equity⁵⁶⁷⁸⁹²$113.0M in 2025+187% since 2018

Cash⁴⁵⁶⁷⁸⁹²$125.0K in 2025−98% since 2018

Long-term debt¹⁰⁵⁶⁷⁸⁹²$120.0M in 2025+1456% since 2018

Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.²

Period ending	2025-09-30	2024-09-30	2023-09-30
Cash	$125.0K	$342.0K
Accounts receivable	$38.4M	$49.8M	$59.1M
Other current assets	$4.0M	$2.8M
Total current assets	$42.5M	$53.0M
Goodwill	$138.2M	$138.2M
Intangible assets, net	$91.9M	$108.3M
Operating lease right-of-use assets	$8.8M	$6.7M
Deferred income taxes, net	$7.9M	$6.2M
Equipment and improvements, net	$1.3M	$1.8M
Other long-term assets	$115.0K	$186.0K
Total assets	$290.7M	$314.4M
Accounts payable and accrued liabilities	$19.2M	$25.3M
Accrued payroll	$12.2M	$12.8M
Debt obligations - current, net of deferred financing costs	$8.1M	$12.1M
Operating lease liabilities - current	$2.9M	$2.7M
Other current liabilities	$287.0K	$394.0K
Total current liabilities	$42.7M	$53.2M
Debt obligations - long-term, net of deferred financing costs	$120.0M	$137.3M
Operating lease liabilities - long-term	$14.0M	$12.8M
Other long-term liabilities	$1.0M	$902.0K
Total long-term liabilities	$135.0M	$151.0M
Total liabilities	$177.7M	$204.2M
Common stock, $0.001 par value; authorized 40,000 shares; issued and outstanding 14,498 and 14,391 at September 30, 2025 and 2024, respectively	$14.0K	$14.0K
Additional paid-in capital	$101.7M	$100.3M
Retained earnings	$11.2M	$9.8M
Total shareholders equity	$113.0M	$110.1M	$102.4M
Total liabilities and shareholders' equity	$290.7M	$314.4M
Common stock, par value (in dollars per share)	$0.00	$0.00
Common stock, authorized shares (in shares)	40.0M shares	40.0M shares
Common stock, issued shares (in shares)	14.5M shares	14.4M shares
Common stock, shares outstanding (in shares)	14.5M shares	14.4M shares

Period ending	2025-09-30	2024-09-30	2023-09-30
Cash	$125.0K	$342.0K
Accounts receivable	$38.4M	$49.8M	$59.1M
Other current assets	$4.0M	$2.8M
Total current assets	$42.5M	$53.0M
Goodwill	$138.2M	$138.2M
Intangible assets, net	$91.9M	$108.3M
Operating lease right-of-use assets	$8.8M	$6.7M
Deferred income taxes, net	$7.9M	$6.2M
Equipment and improvements, net	$1.3M	$1.8M
Other long-term assets	$115.0K	$186.0K
Total assets	$290.7M	$314.4M
Accounts payable and accrued liabilities	$19.2M	$25.3M
Accrued payroll	$12.2M	$12.8M
Debt obligations - current, net of deferred financing costs	$8.1M	$12.1M
Operating lease liabilities - current	$2.9M	$2.7M
Other current liabilities	$287.0K	$394.0K
Total current liabilities	$42.7M	$53.2M
Debt obligations - long-term, net of deferred financing costs	$120.0M	$137.3M
Operating lease liabilities - long-term	$14.0M	$12.8M
Other long-term liabilities	$1.0M	$902.0K
Total long-term liabilities	$135.0M	$151.0M
Total liabilities	$177.7M	$204.2M
Common stock, $0.001 par value; authorized 40,000 shares; issued and outstanding 14,498 and 14,391 at September 30, 2025 and 2024, respectively	$14.0K	$14.0K
Additional paid-in capital	$101.7M	$100.3M
Retained earnings	$11.2M	$9.8M
Total shareholders equity	$113.0M	$110.1M	$102.4M
Total liabilities and shareholders' equity	$290.7M	$314.4M
Common stock, par value (in dollars per share)	$0.00	$0.00
Common stock, authorized shares (in shares)	40.0M shares	40.0M shares
Common stock, issued shares (in shares)	14.5M shares	14.4M shares
Common stock, shares outstanding (in shares)	14.5M shares	14.4M shares

Cash from operations⁴⁵⁶⁷⁸⁹²$23.2M in 2025+65% since 2018

Share buybacks⁵⁶$0 in 2021

Every line of the cash flow as filed: the last 2 fiscal years, latest first.²

Period ending	2025-09-30	2024-09-30
Net income	$1.4M	$7.4M
Depreciation and amortization	$17.2M	$17.1M
Amortization of deferred financing costs charged to interest expense	$1.7M	$1.8M
Stock-based compensation expense	$1.5M	$1.9M
Deferred taxes, net	-$1.7M	-$3.2M
Accounts receivable	$11.5M	$9.3M
Other assets	-$3.2M	$3.3M
Accounts payable and accrued liabilities	-$6.0M	-$4.4M
Accrued payroll	-$697.0K	-$946.0K
Other liabilities	$1.6M	-$4.8M
Net cash provided by operating activities	$23.2M	$27.4M
Purchase of equipment and improvements	-$241.0K	-$836.0K
Net cash used in investing activities	-$241.0K	-$836.0K
Proceeds from revolving line of credit	$253.2M	$361.7M
Repayment of revolving line of credit	-$257.2M	-$359.2M
Repayments of debt obligations	-$19.0M	-$27.3M
Payments of deferred financing costs	-$202.0K	$0
Proceeds from issuance of common stock upon exercise of options and warrants	$0	$261.0K
Payment of tax obligations resulting from net exercise of stock options	$0	-$1.9M
Net cash used in financing activities	-$23.2M	-$26.4M
Net change in cash	-$217.0K	$127.0K
Cash paid during the year for interest	$13.5M	$16.0M
Cash paid during the year for income taxes	$2.1M	$3.3M
Common stock surrendered for the exercise of stock options	$0	$2.8M
Lease liability recognized to acquire a right-of-use asset	$4.2M	$839.0K

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Leadership

Who has led DLH Holdings Corp., and when. Pick a name to see everywhere that person has worked.

Chief executive

President

Chief financial officer

2010201520202025

Chief executive officerKathryn M. Johnbull Jul 2, 2026 to now¹⁴
Chief executive officerZachary Parker Feb 22, 2010 to Jul 2, 2026¹⁵
Chief executive officerRick J. Filippelli Apr 21, 2008 to Jan 13, 2010¹⁶
Chief executive officerTaylor Kent Smith Jul 25, 2006 to Jul 25, 2006¹⁷
PresidentKathryn M. Johnbull Jul 2, 2026 to now¹⁴
PresidentHelene Loraine Fisher Jan 5, 2017 to Jan 5, 2017¹⁸
PresidentZachary Parker Feb 22, 2010 to Jan 5, 2017¹⁵
PresidentDale West Sep 23, 2008 to Apr 1, 2009¹⁹
Chief financial officerKathryn M. Johnbull Jun 27, 2012 to now²⁰
Chief financial officerCheryl Presuto Oct 29, 2007 to Jan 15, 2010²¹
Chief financial officerRick J. Filippelli Jul 21, 2006 to Jul 21, 2006²²

Board members and other officers (24)

Chief Human Resources OfficerGaleel Maliek Ferebee Nov 10, 2021 to Dec 19, 2023²³
Chief Growth OfficerJacqueline S. Everett Jul 14, 2020 to Sep 15, 2022²⁴
Pres. Social&Scientific SysJeanine M. Christian Jul 14, 2020 to Feb 21, 2024²⁵
Pres. Social&Scientific SysKevin Hanford Beverly Oct 22, 2019 to Oct 22, 2019²⁶
Pres, Mission Svcs & SolutionsHelene Loraine Fisher May 31, 2017 to May 31, 2017²⁷
Executive Vice PresidentJohn F. Armstrong Dec 3, 2010 to Dec 3, 2013²⁸
Board memberKathryn M. Johnbull Jul 2, 2026 to now¹⁴
Board memberJudith L. Bjornaas Mar 14, 2023 to now²⁹
Board memberStephen Zelkowicz Aug 5, 2020 to now³⁰
Board memberJames P. Allen Jul 18, 2017 to Oct 4, 2022³¹
Board memberFrances M. Murphy Mar 1, 2016 to now³²
Board memberElder Granger Nov 18, 2014 to now³³
Board memberAustin J. Yerks Iii. Nov 27, 2012 to now³⁴
Board memberZachary Parker Feb 22, 2010 to now¹⁵
Board memberRick J. Filippelli Apr 21, 2008 to Jan 13, 2010¹⁶
Board memberFrederick Gerald Wasserman Feb 8, 2007 to now³⁵
Board memberWilliam H. Alderman Mar 5, 2007 to Dec 19, 2019³⁶
Board memberTaylor Kent Smith Jul 25, 2006 to Jul 25, 2006¹⁷
Board memberBen J. Dyer Sep 13, 2006 to Sep 13, 2006³⁷
Board memberKarl W. Dieckmann Sep 14, 2006 to Oct 15, 2009³⁸
Board memberMartin J. Delaney Sep 14, 2006 to Oct 2, 2024³⁹
Board memberPeter Black Sep 14, 2006 to Nov 26, 2013⁴⁰
Board memberRonald Aldrich Sep 14, 2006 to Sep 14, 2006⁴¹
General counselJames Houston Jul 12, 2006 to Jul 12, 2006⁴²

Former names

TEAMSTAFF INCApr 12, 1999 to Jun 26, 2012³
DIGITAL SOLUTIONS INCAug 14, 1995 to Feb 10, 1999³

Timeline

Jul 2, 2026New chief executive Kathryn M. Johnbull becomes CEO¹⁴
Feb 22, 2010New chief executive Zachary Parker becomes CEO¹⁵
Apr 21, 2008New chief executive Rick J. Filippelli becomes CEO¹⁶
Jul 25, 2006New chief executive Taylor Kent Smith becomes CEO¹⁷
Nov 25, 1969Founded DLH Holdings Corp. is founded⁴³

Filings

265 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 47 major events, 153 insider forms, 19 large holders, 26 other. The latest 20:

Oct 5, 20264 EDGAR
Oct 5, 20264 EDGAR
Oct 5, 20264 EDGAR
Oct 5, 20264 EDGAR
Oct 5, 20264 EDGAR
Oct 5, 20264 EDGAR
Oct 5, 20264 EDGAR
Oct 2, 20264 EDGAR
Sep 29, 20264 EDGAR
Sep 24, 20264 EDGAR
Sep 22, 20264 EDGAR
Sep 18, 20264 EDGAR
Sep 16, 20264 EDGAR
Sep 14, 20264 EDGAR
Sep 10, 20264 EDGAR
Sep 8, 20264 EDGAR
Sep 1, 20264 EDGAR
Aug 28, 20264 EDGAR
Aug 26, 20264 EDGAR
Aug 25, 20268-K EDGAR

The 265 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 19 such filings since October 2021, the latest 10:

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 46. Change is in shares since the quarter before.

Fund	Shares	Value	Share of the fund	Change
Wynnefield Capital Inc	3,681,421	$19.3M	13.3%	No change
Mink Brook Asset Management LLC	2,816,058	$14.8M	6.5%	+138,541
Minerva Advisors LLC	1,116,368	$5.9M	3.7%	+3,331
Vanguard Capital Management LLC	440,136	$2.3M	0.0%	−1,332
Merit Financial Group, LLC	252,416	$1.3M	0.0%	New
Dimensional Fund Advisors LP	247,505	$1.3M	0.0%	+340
RBF Capital, LLC	220,000	$1.2M	0.0%	No change
Renaissance Technologies LLC	181,873	$954.8K	0.0%	−11,691
Geode Capital Management, LLC	136,632	$717.5K	0.0%	−1,862
North Star Investment Management Corp.	135,000	$708.8K	0.0%	No change
Us Bancorp \de\	114,526	$601.3K	0.0%	No change
BlackRock, Inc.	85,254	$447.6K	0.0%	+13,136
Vanguard Fiduciary Trust Co	69,505	$364.9K	0.0%	+3,561
State Street Corp	59,609	$312.9K	0.0%	No change
Fifth Third Bancorp	50,151	$263.3K	0.0%	No change
Morgan Stanley	36,897	$193.7K	0.0%	−8,299
Citadel Advisors LLC	36,084	$189.4K	0.0%	−13,056
Bridgeway Capital Management, LLC	35,291	$185.3K	0.0%	−13,000
Northern Trust Corp	34,304	$180.1K	0.0%	−1,924
Proficio Capital Partners LLC	30,000	$157.5K	0.0%	−8,311
Rothschild Wealth LLC	29,200	$153.3K	0.0%	No change
Anson Funds Management LP	20,011	$105.1K	0.0%	New
Goldman Sachs Group Inc	13,618	$71.5K	0.0%	New
Bank of New York Mellon Corp	11,738	$61.6K	0.0%	No change
LPL Financial LLC	11,000	$57.8K	0.0%	−6,200

13F reports cover disclosed long positions in U.S. stocks only.

Sources

The numbers on this page point here. Each one links to the record it came from.

1
SEC EDGARDLH Holdings Corp. filings on SEC EDGAR
2
SEC EDGARDLH Holdings Corp. 10-K for fiscal 2025
3
SEC EDGARDLH Holdings Corp. filings on SEC EDGAR
4
SEC EDGARDLH Holdings Corp. 10-K for fiscal 2018
5
SEC EDGARDLH Holdings Corp. 10-K for fiscal 2019
6
SEC EDGARDLH Holdings Corp. 10-K for fiscal 2020
7
SEC EDGARDLH Holdings Corp. 10-K for fiscal 2021
8
SEC EDGARDLH Holdings Corp. 10-K for fiscal 2022
9
SEC EDGARDLH Holdings Corp. 10-K for fiscal 2023
10
SEC EDGARDLH Holdings Corp. 10-K for fiscal 2018
11
SEC EDGARDLH Holdings Corp. 10-Q for fiscal 2025
12
SEC EDGARDLH Holdings Corp. 10-Q for fiscal 2026
13
SEC EDGARDLH Holdings Corp. 10-Q for fiscal 2026
14
SEC EDGARKathryn M. Johnbull, Chief executive officer
15
SEC EDGARZachary Parker, Chief executive officer
16
SEC EDGARRick J. Filippelli, Chief executive officer
17
SEC EDGARTaylor Kent Smith, Chief executive officer
18
SEC EDGARHelene Loraine Fisher, President
19
SEC EDGARDale West, President
20
SEC EDGARKathryn M. Johnbull, Chief financial officer
21
SEC EDGARCheryl Presuto, Chief financial officer
22
SEC EDGARRick J. Filippelli, Chief financial officer
23
SEC EDGARGaleel Maliek Ferebee, Chief Human Resources Officer
24
SEC EDGARJacqueline S. Everett, Chief Growth Officer
25
SEC EDGARJeanine M. Christian, Pres. Social&Scientific Sys
26
SEC EDGARKevin Hanford Beverly, Pres. Social&Scientific Sys
27
SEC EDGARHelene Loraine Fisher, Pres, Mission Svcs & Solutions
28
SEC EDGARJohn F. Armstrong, Executive Vice President
29
SEC EDGARJudith L. Bjornaas, Board member
30
SEC EDGARStephen Zelkowicz, Board member
31
SEC EDGARJames P. Allen, Board member
32
SEC EDGARFrances M. Murphy, Board member
33
SEC EDGARElder Granger, Board member
34
SEC EDGARAustin J. Yerks Iii., Board member
35
SEC EDGARFrederick Gerald Wasserman, Board member
36
SEC EDGARWilliam H. Alderman, Board member
37
SEC EDGARBen J. Dyer, Board member
38
SEC EDGARKarl W. Dieckmann, Board member
39
SEC EDGARMartin J. Delaney, Board member
40
SEC EDGARPeter Black, Board member
41
SEC EDGARRonald Aldrich, Board member
42
SEC EDGARJames Houston, General counsel
43
gleifDLH Holdings Corp. is founded