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Companies / Industrials / DLH Holdings Corp.
DLHC

DLH Holdings Corp.

IndustrialsBusiness Services & Software
Ticker DLHCATLANTA, GAFiscal year ends SeptemberBook value per share $6.44Diluted shares 14.5M

DLH Holdings Corp. (Nasdaq: DLHC) provides technology-enabled health and readiness services to U.S. federal civilian and military agencies, including the Department of Health and Human Services, Department of Veterans Affairs and Department of Defense. Its offerings span digital transformation and cybersecurity,… From the company’s description.

Over the twelve months to Jun 30, 2026, DLH Holdings Corp. reported revenue of $253.54M, down 29.5% from a year earlier, and a net loss of $21.57M. Its operating margin was −0.1%, and operations generated $13.90M in cash. In fiscal 2025, it reported revenue of $344.50M, down 13.0% from fiscal 2024, and net income of $1.36M.

Fiscal year 2025 · ends 09-30Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$344.50MFY2025
−13.0% year over year
Last 12 mo $253.54M
4.87%FY2025
−1.4 percentage points
Last 12 mo -0.11%
$1.36MFY2025
−81.6% year over year
Last 12 mo $-21.57M
1.21%FY2025
−5.5 percentage points
Last 12 mo -23.12%
Cash & financing
$23.22MFY2025
−15.2% year over year
Last 12 mo $13.90M
$22.98MFY2025
−13.4% year over year
Last 12 mo $13.83M
1.13FY2025
Was 1.36× a year earlier
Last 12 mo 1.35
14.5MFY2025
+0.4% year over year
Last 12 mo 14.5M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What DLH Holdings Corp. does

In the company’s own words

DLH Holdings Corp. (Nasdaq: DLHC) provides technology-enabled health and readiness services to U.S. federal civilian and military agencies, including the Department of Health and Human Services, Department of Veterans Affairs and Department of Defense. Its offerings span digital transformation and cybersecurity, science research and development, and systems engineering and integration, including IT modernization, cloud services, data analytics, clinical research, epidemiology, C5ISR, logistics and software engineering. DLH delivers most work as a prime contractor through competitively awarded government contracts. In fiscal 2025, HHS generated 49.8% of revenue, the VA 33.8% and the DoD 15.5%; the company reported $344.5 million in revenue and employed approximately 2,300 people at September 30, 2025. Its Infinibyte brand is a cloud-based management system. Its website is www.dlhcorp.com.

Company details
Sector
Industrials
Industry (SIC)
Business Services & Software
Headquarters
ATLANTA, GA
Fiscal year end
September
CIK
785557
SIC
7363

Financial performance, year by year

Fiscal 2012–2025 · USD
$-63.32M$61.94M$187.19M$312.44M$437.69M20122013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns DLH Holdings Corp. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

28
funds hold it
0 of 35
superinvestors hold it
$5.37M
held by funds, at market
6.8%
of shares held by funds

Largest fund holders · DLH Holdings Corp.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
North Star Micro Cap Fund
NSMVX · NORTHERN LIGHTS FUND TRUST II
—of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
Fidelity Extended Market Index Fund
FSMAX · Fidelity Concord Street Trust
—of fund net assets
U.S. Targeted Value Portfolio
DFFVX · DFA INVESTMENT DIMENSIONS GROUP INC
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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