How profitable is DLH Holdings Corp. (DLHC)?

In FY 2025 (10-K), DLHC converted $47.0M of revenue into a 52% gross margin, 35.7% operating margin, and $23.2M in free cash flow (49.4% FCF margin).

Stock Ratings / Consumer Discretionary / DLHC / financials

CTM (32) BGSF (41) MHH (53) STRR (18) ⌘ Pro Terminal →

DLH Holdings Corp. (DLHC) Revenue-to-Profit Sankey Flow & SEC XBRL Financials

$3.65 +0.55% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $3.65

DLH Holdings Corp. (DLHC) carries a Roarable Rating of D- (Sell) with 40/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

ROARABLE D- • RED ALERT Cap $52.6M

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

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🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is DLHC stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

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As of 2026-11-03, DLH Holdings Corp. (NASDAQ: DLHC) is rated D- (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 40/100 at a spot price of $3.65 (+0.55% 1D, market cap $52.6M). Pillar breakdown: Fundamental Cash Engine 12/20, Institutional 13F & Options Flow 3/20, SEC Balance-Sheet Forensics 10/20, FRED Macro Regime Fit 8/20, and Executive Insider Alignment 7/20. Across 1009 tracked Consumer Discretionary issuers, DLHC ranks #729 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief

🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does DLHC compare to CTM and BGSF in the Consumer Discretionary sector?

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Within the Consumer Discretionary sector (Professional Services), DLHC carries a Roarable D- (40/100 RQD), trailing P/E of N/A, gross margin of —, and ROIC of 5.8%. By comparison, CTM (Castellum Inc.) holds a E grade (32/100 RQD, P/E N/A, ROIC -6.2%, cap $46.0M) and BGSF (BGSF Inc.) posts a D- grade (41/100 RQD, P/E N/A, ROIC -24.2%, cap $45.3M). Among the 5-stock peer group, DLHC leads on earnings multiple (N/A) while DLHC leads on capital efficiency (5.8% ROIC).

✓ Pre-computed one-to-many AI Quant brief

🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for DLHC?

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Per DLHC's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-09-30, CIK 0000785557), DLH Holdings Corp. generated $47.0M in revenue (-32.6% YoY), $0 in net income, and $23.2M in free cash flow against $283.5M in total assets and $116.0M in total debt. Key quantitative strengths: Established market leader in Consumer Discretionary with deep daily trading liquidity. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately. Institutional options positioning shows a 50% call / 50% put premium split.

✓ Pre-computed one-to-many AI Quant brief

🤖 AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists — not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

EXT / AFTER-HRS: $3.65 (-0.09%)🧬 Disciplined Float (+0.16% YoY Shares)⚙️ Cash Engine: 12/20 (C-) • 49.4% FCF Margin

Verify 90D Bucket Audit →

📊 Historical Track Record Warning: Scores below 50 (40/100 · D-) historically underperformed SPY in 71% of rolling 90-day windows (-7.4% avg 90D alpha vs SPY • 29.0% hit rate).

Audit Bucket Track Record →

RQD QUANT TACHOMETERRED ALERT • D-

2-of-3 JEV AI Jury Bearish Warning

Cash

SEC

Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw D- · Rk D

Each axis scored 0–20

12M PRICE TARGET CONE-8.2% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for DLHC)Realized 20D OHLCV Swing Band: ±7.8%

Deterministic 5-Pillar Attribution (40/100 Composite)

🔍 WHY DLHC SCORES 40/100 (D-) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag

▲ #1 Bullish Driver: Cash Engine Quality+12/20 pts (30% of score)

SEC XBRL FY 2025 (10-K): 49.4% FCF Margin ($23.2M FCF) & 52% Gross Margin

▲ #2 Bullish Driver: SEC 10-K Forensic Risk+10/20 pts (25% of score)

Altman Z-Score 3.80 (FORTRESS SAFE (>3.0)) • Piotroski F-Score 3/9

▼ #1 Drag / Risk Factor: Whale & Options Positioning4/20 pts (-16 pt drag)

Put hedging (50% put share) caps near-term gamma upside (-16 pts vs max)

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current

Q1 (-3Q)

Grade D$4.01-3.7% Next Q

Q2 (-2Q)

Grade D$3.86-5.7% Next Q

Q3 (-1Q)

Grade D$3.64+0.3% Next Q

Current

Grade D-$3.65-7.4% Hist 90D α

Trajectory: D (48) → D- (40)Full Audit →

⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)CONTRARIAN TURNAROUND & SHORT-SQUEEZE DOSSIER

⚔️ Adversarial Opposing Case: What Could Spark a DLHC Turnaround Squeeze

Gideon Ashmere Forensic Desk →

While DLHC currently carries a cautious 40/100 (D-) rating due to Whale & Options Positioning (4/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.

🚀 Contrarian Squeeze Trigger #1

Established market leader in Consumer Discretionary with deep daily trading liquidity.

🚀 Contrarian Squeeze Trigger #2

Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($3.94) and Max Pain ($3.83) forces dealer call-delta covering toward $7.22.

🚀 Contrarian Squeeze Trigger #3

Forensic Repair Trigger: Halting share dilution (Disciplined Float (+0.16% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.

🎲 LIVE PREDICTION MARKET ODDS TIED TO $DLHC• $2.4M Crowd Pool • Kalshi / Polymarket Composite

Contract: “DLHC Beats Next Quarter EPS Consensus (Dec 29, 2026) & Holds Above 200D SMA”

YES 40%NO 60%Trade / Inspect Odds →

VISUAL REVENUE-TO-PROFIT SANKEY WATERFALL • FY 2025 (10-K)

How DLHC Turns Every Dollar of Sales Into Real Bottom-Line Profit

Free Cash Flow:$23.2M (49.4% FCF Margin)

Multi-Year SEC EDGAR XBRL Revenue, Net Profit & Free Cash Flow Trajectory

■ Revenue■ Net Profit■ Free Cash Flow

FY24

Rev $69.7M

FY25

Rev $47.0M

Fiscal Year	Revenue	Gross Margin	Op Margin	Net Profit	Free Cash Flow	ROIC %
FY 2025	$47.0M	52%	35.7%	$0	$23.2M	5.8%
FY 2024	$69.7M	52%	35.7%	$0	$27.4M	8%

ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring DLHC)

✓Walkthrough of DLHC's RQD Radar, SEC cash-conversion gap & downside invalidation levels
✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks

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DLHC // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -35.51%▼ DESCENDING CHANNEL

2026-11-03O $3.66H $3.66L $3.63C $3.65VOL 5.0K

RES: $5.23SUP: $2.67SMA50: $3.94SMA200: $5.15

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

DLHC Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 DLHC Butterfly Map → + Track DLHC →

Share Count & Dilution Monitor

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle

3.6%/yr Implied 5Y Growth

vs. -32.6% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger

No active Ellis Vennor swing setup published on DLHC today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for DLHC. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

🎬 No recent verified company-specific video clip queued for DLHC today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (DLHC)

Consumer Discretionary Rank #729 of 1009 ⚔️ CTM vs DLHC Full Matrix →

1. Head-to-Head Consumer Discretionary Peer Comparison (DLHC vs. CTM, BGSF, MHH, STRR)

Industry: Professional Services (48 Tracked Issuers)

Across 1009 tracked Consumer Discretionary securities in the Roarable RQD universe, DLH Holdings Corp. (DLHC) ranks #729 by composite RQD confidence (40/100, grade D-) and #805 by equity capitalization ($52.6M). Within this direct 5-issuer industry benchmark cohort, DLHC leads on earnings valuation at N/A trailing P/E, while DLHC leads on capital efficiency and profitability with 5.8% ROIC and — gross margin. MHH currently holds the highest overall quantitative score in the immediate peer group at 53/100 (D+) compared with DLHC at 40/100 (D-).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
DLHC ACTIVE DLH Holdings Corp.	D-	40/100	—	—	5.8%	+0.55%	$52.6M	Benchmark Subject
CTM Castellum Inc.	E	32/100	—	36.6%	-6.2%	-1.86%	$46.0M	/ctm-vs-dlhc →
BGSF BGSF Inc.	D-	41/100	—	35.7%	-24.2%	-5.90%	$45.3M	/bgsf-vs-dlhc →
MHH Mastech Digital Inc	D+	53/100	—	27.7%	0.0%	+3.50%	$75.4M	/mhh-vs-dlhc →
STRR Star Equity Holdings Inc.	E	18/100	—	46.4%	-5.3%	-1.99%	$36.2M	/strr-vs-dlhc →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2024–FY2025)

SEC EDGAR 10-K • FILED 2025-09-30 • CIK 0000785557 ↗

In its most recent audited fiscal period (FY2025, filed 2025-09-30), DLH Holdings Corp. (DLHC) reported GAAP revenue of $47.0M (-32.6% vs. FY2024 revenue of $69.7M ) , GAAP net income of $0, operating cash flow of $23.2M, and free cash flow of $23.2M (-15.2% YoY). On the balance sheet, DLHC closed FY2025 with $283.5M in total assets against $116.0M in total debt (Altman Z-Score: N/A, Piotroski F-Score: 3/9).

Fiscal Period	Filing Date	Revenue	Net Income	Operating Cash Flow	Free Cash Flow	Total Assets	Total Debt
FY2025 (FY)	2025-09-30	$47.0M	$0	$23.2M	$23.2M	$283.5M	$116.0M
FY2024 (FY)	2024-09-30	$69.7M	$0	$27.4M	$27.4M	$325.0M	$134.6M

3. DLHC Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is DLHC stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

How does DLHC compare to CTM and BGSF in the Consumer Discretionary sector?

What are the biggest fundamental strengths and SEC risk factors for DLHC?

Where is DLHC trading relative to its 50-day, 200-day, and 52-week technical levels?

DLHC last traded at $3.65 (+0.55% on volume of 4,767 shares), positioning the stock -7.36% below its 50-day simple moving average ($3.94) and -29.13% below its 200-day simple moving average ($5.15). Across its 52-week range of $3.38 to $6.88, DLHC sits at the 7.7% percentile with a 14-day RSI of 38.9 (NEUTRAL RANGE) and an implied next-earnings move of ±7.8% ($3.37 to $3.93).

Direct Sub-Reports: DLHC RQD Cockpit DLHC 12M Forecast DLHC Earnings & Move DLHC Dividends & DRIP DLHC Insiders & 13F DLHC Whale Options DLHC Profit Sankey DLHC News & Why

ROARABLE RATING BRIEF • RQD 40/100 (D-) ✓ SEC XBRL & RQD VERIFIED

DLHC — DLH Holdings Corp.: What the Facts Mean to a Prospective Investor

Methodology: RQD v6.2 Deterministic 5-Pillar & SEC XBRL Audit

Updated: 2025-09-30

1. Roarable Rating Brief: What This Means to a Prospective Investor

DLH Holdings Corp. (DLHC) earns a live Roarable RQD composite score of 40/100, corresponding to a D- letter grade (Roarable Sell) at a spot price of $3.65 (+0.55% 1D, market capitalization $52.6M).

Fundamental Cash Engine (12/20): Anchored by return on invested capital (ROIC) of 5.8%, gross margin of —, operating margin of —, and free cash flow yield of —.
Whale 13F & Options Flow (3/20) + Insider Conviction (7/20): Tracks institutional 13F accumulation, CBOE options call/put positioning, and SEC Form 4 / Congressional PTR filings.
Macro Regime Fit (8/20) + Forensic Balance Sheet (10/20): Incorporates a 1.00x equity beta, Altman Z-Score of N/A, Piotroski F-Score of 3/9, and Debt/Equity of 1.03x.

2. Business Model, Unit Margins & SEC Financial Trajectory

DLH Holdings Corp. Is a NASDAQ-listed issuer classified in the Consumer Discretionary sector and Professional Services industry, and company profile. The profile lists a market capitalization of $0.1B. Customer base and specific service lines are — The company's revenue model is — beyond the reported period figures below.

In its latest audited SEC EDGAR 10-K filing for FY2025 (filed 2025-09-30), DLH Holdings Corp. (DLHC) reported $47.0M in annual revenue (up from $69.7M in FY2024, -32.6% YoY) and $0 in GAAP net income. Over the multi-year SEC filing window from FY2024 ($69.7M revenue, $0 net income) through FY2025, DLHC scaled operating cash flow to $23.2M and free cash flow to $23.2M, backed by $283.5M in total assets against $116.0M in total debt.

3. Institutional Bull vs. Bear Thesis & Valuation Tradeoff

🐂 Primary Bull Case (D- • RQD 40/100): Established market leader in Consumer Discretionary with deep daily trading liquidity. Free cash flow yield of — and institutional whale pillar of 3/20. With Fundamental Cash Engine at 12/20 and Institutional Whale Flow at 3/20, sustained execution supports upside toward the upper end of the $3.38 – $6.88 52-week range.
🐻 Primary Bear Case & Valuation Risk: Company executives have done more routine share selling than personal cash buying lately. Investors must weigh current valuation and 10.1x EV/EBITDA against — operating margins and a 1.00x macro beta.

4. 2nd-Order Butterfly Ripples & Key Questions to Watch

Operating in Professional Services (Consumer Discretionary), DLHC carries a macro regime beta of 1.00 and gross margin of —.

Key Question #1: Can DLHC sustain or expand its — operating margin and 5.8% ROIC against Professional Services peers over the next 4 quarters?
Key Question #2: Following FY2025 revenue of $47.0M and free cash flow of $23.2M, how will capital allocation balance growth reinvestment against $116.0M in total debt?
Key Question #3: How sensitive is DLHC's equity valuation to Consumer Discretionary capital spending cycles and macro interest-rate shifts (Beta 1.00x)?

DLHC Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for DLH Holdings Corp. (DLHC) • Click "Debate This Headline" to argue it in the Roar Pit below

💬 Jump to DLHC Debate Forum (3) ↓

🟡 MARKET WIRE TradingView • 21h ago

DLH Holdings Corp. Estimates – NASDAQ:DLHC

TradingView report covering DLH Holdings Corp. (DLHC) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Investing.com • 1d ago

Dlh Holdings director Mink Brook Asset Management buys $208 stock

Investing.com report covering DLH Holdings Corp. (DLHC) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Stock Titan • 1d ago

About 100 days after DLH's leadership transition, its CEO says much hard work remains.

Stock Titan report covering DLH Holdings Corp. (DLHC) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🔴 RISK WATCH MarketBeat • 1d ago

DLH Holdings Corp. (NASDAQ:DLHC) Stock Short Interest Falls 34.9%

MarketBeat report covering DLH Holdings Corp. (DLHC) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🔴 RISK WATCH Kalkine • 1d ago

How is DLH Holdings (DLHC) rebuilding after a 47% revenue fall?

Kalkine report covering DLH Holdings Corp. (DLHC) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟢 CATALYST ad-hoc-news.de • 1d ago

DLH Holdings wins NIH order and DLH Holdings stock gains 6.11 percent

ad-hoc-news.de report covering DLH Holdings Corp. (DLHC) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Investing.com Nigeria • 1d ago

Mink Brook asset management, 10% owner, rebalances $736,666 in DLH stock

Investing.com Nigeria report covering DLH Holdings Corp. (DLHC) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE MarketBeat • 1d ago

DLH (NASDAQ:DLHC) Share Price Crosses Below 200-Day Moving Average - Here's Why

MarketBeat report covering DLH Holdings Corp. (DLHC) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

DLHC Bull vs. Bear Conversation Board — What's Your Call at $3.65?

🐂 67% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON DLHC 🐻 33% BEARISH CONVICTION

MI MidwestValue RQD DEBATE OPENER • Fundamental Long-Only 🐂 BULLISH 🎯 Target: $4.76 (+31.1%)

📌 Pinned Debate

Stock trades at $3.66 near the low of its $3.38 to $8.1 52-week range with a 5.8% ROIC and an NIH order win reported in the news wire.

Don't sleep on DLHC's setup in Consumer Discretionary. Stock trades at $3.66 near the low of its $3.38 to $8.1 52-week range with a 5.8% ROIC and an NIH order win reported in the news wire.. Beta of 1.0 means it moves fast when momentum turns, and the 5-pillar RQD gauge (40/100) backs up the fundamental quality.

VolSurface_Trader 🐂 BULL

Both sides have a point here — DLHC's 10/20 balance sheet score keeps downside contained, so the real swing factor next earnings call is backlog and FCF conversion.

FO ForensicBear RQD DEBATE OPENER • 10-K Footnote Auditor 🐻 BEARISH 🎯 Target: $2.98 (-17.9%)

Spot @ $3.63

Revenue and net income show $0.0M in both reported years, and the Piotroski F-Score of 3/9 with Debt/Equity of 1.03 signals a weak bala

Fading this rally in DLHC at $3.63. Revenue and net income show $0.0M in both reported years, and the Piotroski F-Score of 3/9 with Debt/Equity of 1.03 signals a weak balance sheet.. With a beta of 1.0 and the stock sitting at $3.63 (52-wk range $3.38–$6.88), the easy multiple expansion is already priced in.