Dlh Holdings Corp. · NASDAQ:DLHC
Dlh — Q1 2026 Earnings Presentation
10 slides from Dlh's earnings presentation, Feb 10, 2026
Slide 1: FY26 First Quarter Earnings
FY26 First Quarter Earnings Three Months Ended 12.31.25 February 10, 2026
Slide 2: Call Participants
CALL ZACH PARKER PARTICIPANTS President & Chief Executive Officer KATHRYN JOHNBULL Chief Financial Officer © Copyright 2026 DLH Holdings Corp. All Rights Reserved. 2
Slide 3: Forward-Looking Statements
Forward-Looking Statements “Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to future events or DLH`s futur
Slide 4: CEO key updates
CEO key updates Improved federal funding environment supports organic growth initiatives • Fiscal 2026 budget appropriations provides clarity and stability for the balance of the fiscal year • Key Federal Health agencies received funding increases as compared to fiscal 2025 levels, reversing earlier
Slide 5: Financial Results
FINANCIAL RESULTS © Copyright 2026 DLH Holdings Corp. All Rights Reserved. 5
Slide 6: FY26 Q1 results
FY26 Q1 results $6.5 Revenue Adjusted EBITDA1 Free Cash Flow1 ($ millions) ($ millions) ($ millions) $90.8 $9.9 FY25 Q1 FY26 Q1 $68.9 $6.5 $(4.8) FY25 Q1 FY26 Q1 FY25 Q1 FY26 Q1 $(12.1) $56.7 TPS Revenue2 $42.0 1. A full reconciliation of non-GAAP measures is available in the Appendix. 2. Revenue fr
Slide 7: Debt increase driven short-term working capital demands
Debt increase driven short-term working capital demands Strong Free Cash Flow expected to yield available capital to further reduce long-term debt by fiscal Total Debt year-end ($ millions) $174.4 $170.8 $166.5 $167.0 • Collections accelerated in quarter 2nd half after resolution of government shutd
Slide 8: © Copyright 2026 DLH Holdings Corp. All Rights Reserved.
© Copyright 2026 DLH Holdings Corp. All Rights Reserved.
Slide 9: Appendix
APPENDIX © Copyright 2026 DLH Holdings Corp. All Rights Reserved. 9
Slide 10: Non-GAAP Reconciliations
Non-GAAP Reconciliations The Company uses EBITDA, Adjusted EBITDA, EBITDA as a percent of revenue, and Adjusted Three Months Ended EBITDA as a percent of revenue as supplemental non-GAAP measures of performance. The Company uses Free Cash Flow as a supplemental non-GAAP liquidity measure. We define