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Companies / Technology / DLH Holdings Corp.
DLHC

DLH Holdings Corp.

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

DLH Holdings Corp. (NASDAQ: DLHC) operates as a federal government contractor delivering health and readiness solutions through digital transformation, cyber security, science research and development, and systems engineering and integration. The company maintains its website at www.dlhcorp.com and employs… From the company’s description.

Fiscal year 2025 · ends 09-30Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$344.50M
−13.0% year over year
Last 12 mo $253.54M
4.87%
−1.4 percentage points
Last 12 mo -0.11%
$1.36M
−81.6% year over year
Last 12 mo $-21.56M
1.21%
−5.5 percentage points
Last 12 mo -23.12%
Cash & financing
$23.22M
−15.2% year over year
Last 12 mo $13.90M
$22.98M
−13.4% year over year
Last 12 mo $13.83M
1.13
Was 1.36× a year earlier
Last 12 mo 1.35
14.5M
+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) operates as a federal government contractor delivering health and readiness solutions through digital transformation, cyber security, science research and development, and systems engineering and integration. The company maintains its website at www.dlhcorp.com and employs approximately 2,300 people across the United States.

The company generates revenue exclusively from U.S. federal government agencies, with 99 percent of revenues derived from prime and subcontractor positions. DLH's customer base is concentrated among three major agencies: the Department of Health and Human Services accounting for 49.8 percent of revenues, the Department of Veterans Affairs representing 33.8 percent, and the Department of Defense comprising 15.5 percent. The company's contract portfolio is distributed across time and materials contracts at 51.4 percent of revenue, firm fixed price contracts at 27.2 percent, and cost reimbursable contracts at 21.4 percent.

DLH's service offerings span three primary divisions. Digital Transformation and Cyber Security provides IT modernization, cybersecurity maturity services, and advanced technology solutions including artificial intelligence, machine learning, and cloud enablement. Science Research and Development encompasses large-scale data analytics, clinical trials research, testing and evaluation, and epidemiology studies supporting health agencies and the Military Health System. Systems Engineering and Integration delivers specialized engineering expertise in command and control systems, modeling and simulation, performance-based logistics, and software development.

The company holds the trademark Infinibyte for its proprietary cloud-based management system and maintains CMMI Level 3 certification for software development capabilities. DLH's backlog totaled approximately 514.3 million dollars as of September 30, 2025, with 114.1 million in funded backlog. The company competes primarily as a prime contractor against larger defense and consulting firms while maintaining a highly credentialed workforce and strong past performance record across government contracts. DLH's business model emphasizes long-term relationships with federal agencies, leveraging proprietary tools, processes, and specialized employee credentials to differentiate its competitive positioning in government contracting markets.

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

Financial performance, year by year

Fiscal 2013–2025 · USD
$-63.32M$61.94M$187.19M$312.44M$437.69M2013201420152016201720182019202020212022202320242025Last 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
0.41%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
0.00%of fund net assets
U.S. Targeted Value Portfolio
DFFVX · DFA INVESTMENT DIMENSIONS GROUP INC
0.00%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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