Dhi Group, Inc. · NYSE:DHX
Dhi — Noble Capital Markets Emerging Growth Virtual Equity Conference 2026
30 slides from Dhi's conference presentation, Jun 4, 2026
Slide 1: Q1 2026 Investor Presentation
NYSE: DHX Q1 2026 Investor Presentation June 4, 2026 Noble Emerging Growth Conference
Slide 2: Forward looking statements
Forward looking statements This presentation and oral statements made from time to time by our representatives contain revolving credit facility or refinance our indebtedness, restrictions on our current forward-looking statements within the meaning of the Private Securities Litigation Reform Act an
Slide 3: Listing, HQ, year founded and diluted shares
Listed HQ Year Diluted Shares End Outstanding (Q4 2025) NYSE: Denve Decemb 45M DHX r, CO er 31 (2007) Est. 1990
Slide 4: DHI Group owns ClearanceJobs and Dice
DHI Group owns ClearanceJobs and Dice, which are platforms for finding and engaging with top tech talent, including engineers, software developers, data scientists, cybersecurity experts, professionals with AI skills and more. With over 9 million tech professional profiles on our two platforms, we u
Slide 5: DHI Group: Two-Sided Marketplaces
DHI Group: Two-Sided Marketplaces Tech Companies Professional and Candidates Recruiters 7.8M Tech 2M Tech candidates Professionals with Security Clearances Help Companies Two Online SaaS Business Millions of and Recruiters Recruiting Model with Candidate Attract, Engage Platforms with approximately
Slide 6: DHI Offers Candidates that Cannot be Found Elsewhere
DHI Offers Candidates that Cannot be Found Elsewhere • Many active Dice tech • LinkedIn has no profile field for professionals are not found on government clearance generalist sites like ZipRecruiter, Indeed or LinkedIn. • Government workers and contractors have freedom to use ClearanceJobs due •
Slide 7: Compelling ROI for Companies
Compelling ROI for Companies “Dice has paid for itself already as we made one hire that we could not find anywhere else.” American National Insurance Tech Professionals are very expensive. Most recruiters charge between 20-25% of the first-year salary of a candidate they place. Dice and CJ charge be
Slide 8: Tech Workforce Growth
Tech Workforce Growth Over the next ten years, the tech workforce is projected to grow twice as fast as the overall U.S. workforce1. Projected tech growth 2 rates above the national rate2: 414 Data Scientists and Data Analysts % 367 Cybersecurity Analysts and Engineers % 297 Software Developers and
Slide 9: Opportunity for ClearanceJobs and Dice
Opportunity for ClearanceJobs and Dice 2025 Revenue 10,000 $55M, +12% Cleared employers CAGR1 + Cleared Professionals Subscription clients Growth opportunit 100 Marketplace 1.7K y Government + agencies 2025 Revenue $73M, -4% 80,000 Commercial CAGR 1 Subscription + accounts clients Growth 18,00 Tech
Slide 10: How do we make money?
How do we make money? Clients Candidates Engagement Pay for Don’t Pay to We strategically Annual Create a Profile or limit profile views Subscription Engage with and encourage Contracts Recruiters connections ~90% annual Adding Thousands of Recruiters Chase recurring revenue Candidates Each Month Ca
Slide 11: Financial Performance
FINANCIAL PERFORMANCE DHi
Slide 12: DHI Group Annual Financial Performance
DHI Group Annual Financial Performance 2 2 2 2% CAGR 1 -1% CAGR1 1 GR 8 % CA 1 CAGR represents Compound Annual Growth Rate, in dollars, from 2021 to 2025. 2 In June 2021, the Company transferred majority ownership and control of its eFinancialCareers (“eFC”) business to eFC’s management. Bookings, r
Slide 13: DHI Group Quarterly Financial Performance
DHI Group Quarterly Financial Performance 10% 11% 9% 10% 8% 14% 9% 19% 2% 5% 5% 17% 10% 12% 19% Percentages, other than Adjusted EBITDA Margin, reflect year-over-year performance changes.
Slide 14: Revenue Stability: Recurring Revenue Model
Revenue Stability: Recurring Revenue Model With a subscription-based business, a large portion of revenue is contracted and booked at the beginning of each year with high predictability as we renew our contracts throughout the year.
Slide 15: DHI Group Cash Flow
DHI Group Cash Flow 1 Operating cash flows in Q1 2026 were $8.4M Capitalized development costs comprise over 90% of capex and cap dev is trending down 1 Cap Dev refers to capitalized development costs (cap dev) from both internal labor and external vendors incurred from building new products and fea
Slide 16: Illustration of DHI Group Free Cash Flow
Illustration of DHI Group Free Cash Flow 1 2 Long term goal to deliver free cash flow at or above 10% of revenue DHI Group Free Cash Flow Sources/ Uses composed of multiple elements, with Capex being the primary driver Reduced capitalized development costs resulted in $6.6 million lower capex spend
Slide 17: DHI Group Liquidity
DHI Group Liquidity 1 2 Q1 2026 cash of $3M, debt of $33M, leverage ratio of 0.91 20M shares repurchased for $73M since 2021 1. Includes shares repurchased under an approved stock repurchase plan and shares repurchased pursuant to our equity award plan as shares withheld for employee taxes from the
Slide 18: DHI Group Buyback History
DHI Group Buyback History Shares Outstanding and Share Repurchases 1 (shares in thousands) Shares count down 4.3M shares, of 9%, since 2021 $10M stock repurchase plan in place through February 2027 Shares repurchased outpacing equity grants to employees and directors, offsetting dilution 1 Includes
Slide 19: ClearanceJobs Revenue
ClearanceJobs Revenue 1 C AG R 12% 2 1% 1% 5% 3% 1% ClearanceJobs revenue CAGR 12% ClearanceJobs revenue up +5% YoY in Q1 2026 1 CAGR represents Compound Annual Growth Rate from 2021 to 2025. 2 Percentage represents the change versus the prior year quarter.
Slide 20: ClearanceJobs Adjusted EBITDA and Capex
ClearanceJobs Adjusted EBITDA and Capex Adjusted EBITDA and Capital Expenditures ($ in millions) Q1 2026 Adjusted EBITDA at $5.7M, a margin of 40%. Strong Adjusted EBITDA conversion to cash with low cap dev. Capex primarily consists of cap dev.
Slide 21: Dice Revenue
Dice Revenue -4% CAGR1 2 18% 18% 15% 17% 17% Dice Revenue CAGR -4% Dice revenue down -17% YoY in Q1 2026 1 CAGR represents Compound Annual Growth Rate from 2021 to 2025. 2 Percentage represents the change versus the prior year quarter.
Slide 22: Dice Adjusted EBITDA and Capex
Dice Adjusted EBITDA and Capex Adjusted EBITDA and Capital Expenditures ($ in millions) Q1 2026 Adjusted EBITDA of $4.3M, a margin of 28%. Capex primarily consists of cap dev.
Slide 23: Why Buy DHX Stock
Why Buy DHX Stock* • Poised for growth from global defense spending and need for specialized tech talent • Committed to expand CJ monetization opportunities • Strong Adjusted EBITDA margin and free cash flow allow us to invest and maintain our share buyback program On January 28, 2025, the Company a
Slide 24: Appendix
M Appendix DHi
Slide 25: Supplemental data - customer data
DHI Group, Inc. Supplemental data - customer data (unaudited) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 ClearanceJobs 2023 2023 2023 2023 2024 2024 2024 2024 2025 2025 2025 2025 2026 Bookings1 2(in millions) $ 16.2 $ 10.7 $ 12.3 $ 14.2 $ 17.0 $ 11.5 $ 12.8 $ 14.2 $ 16.8 $ 11.6 $ 12.0 $ 14.6 $ 18.0 Reve
Slide 26: Supplemental data - Historical Activity
DHI Group, Inc. Supplemental data – Historical Activity (unaudited) (dollars in millions) Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY DHI Group, Inc. 25 25 25 25 2025 Q1 26 ClearanceJobs 25 25 25 25 2025 Q1 26 $32. $32. $32. $31. $13. $13. $13. $13. Revenues 3 0 1 4 $127.8 $29.7 Revenues 4 6 9 9 $54.8 $14.0 Cost
Slide 27: Notes regarding the use of non-GAAP financial measures and guidance
Notes regarding the use of non-GAAP financial measures and guidance Notes Regarding the Use of Non-GAAP Financial Measures The Company has provided certain non-GAAP financial information as additional information for its operating results. These measures are not in accordance with, or alternatives t
Slide 28: Supplemental data - non-GAAP
DHI Group, Inc. Supplemental data - non-GAAP (unaudited) (Dollars in millions) Full Year Full Year Full Year Full Year Full Year 2021 2022 2023 2024 2025 $ 28.6 $ 36.0 $ 21.3 $ 21.0 $ 21.1 Cash provided by operating activities Interest expense 0.7 1.6 3.5 3.2 2.5 Amortization of deferred financing c
Slide 29: Supplemental data - non-GAAP
DHI Group, Inc. Supplemental data - non-GAAP (unaudited) (Dollars in millions) Full Year Full Year Full Year Full Year Full Year Q1 2021 2022 2023 2024 2025 2026 Reconciliation of Net Income (loss) to Adjusted EBITDA Net Income (loss) $ (29.7) $ 4.2 $ 3.5 $ 0.3 $ (13.5) $ 1.5 Interest Expense 0.7 1.
Slide 30: Supplemental data - non-GAAP ClearanceJobs and Dice
DHI Group, Inc. Supplemental data - non-GAAP (unaudited) ClearanceJobs (Dollars in millions) Q1 Q2 Q3 Q4 Full Year Q1 2025 2025 2025 2025 2025(1) 2026 Reconciliation of Income (Loss) before income taxes to Adjusted EBITDA Income (Loss) Before Income Taxes $ 4.5 $ 4.6 $ 5.0 $ 4.4 $ 18.5 $ 4.5 Depreci
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