Q3 2025 DHI Group, Inc. Earnings Conference Call

November 10, 2025

Listed

NYSE:

DHX (2007)

HQ

Denver, CO

Est. 1990

Year End

December 31

Diluted Shares Outstanding (Q4 2024)

46M

DHI Group: Two-Sided Marketplaces

Companies and Recruiters

7.6M Tech Professionals 1.9M Tech candidates with

Security Clearances

Tech Professional Candidates

Help Companies and Recruiters Attract, Engage and Hire Tech Talent

Two Online Recruiting Platforms with proprietary software technology

SaaS Business Model with approximately 90% Recurring Revenue

Millions of Candidate Profiles due to the Longevity of the Platforms

DHI Financial Overview

Revenue

+6% CAGR3

Operating Cash Flow

Bookings1

+6% CAGR3

Capex

Adjusted EBITDA2

+12% CAGR3

Debt

Adjusted EBITDA Margin2

Share Repurchases

$74M

From 2020 - Q3 2025

1. See definition of bookings later in this document.

   
   
   

2. Notes regarding the use of Non-GAAP financial measures and GAAP to Non-GAAP Reconciliation at end of document. The reconciliation applies to each use of this metric throughout this presentation.

3. CAGR represents Compound Annual Growth Rate, on dollars, from 2020 to 2024.

   DHI Offers Candidates that Cannot be Found Elsewhere
   
   
   
   
   

   • Many active Dice tech professionals are not found on generalist sites like ZipRecruiter, Indeed or LinkedIn.

   • In cases where competitors do have overlapping candidate profiles, the majority are outdated by at least 6 months.

   • LinkedIn has no profile field for government clearance

   • Government workers and contractors have freedom to use ClearanceJobs due to the lack of hostile actors on the platform

   • Other smaller competitors are a fraction the size of ClearanceJobs

     
     
     

     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 between $8-$10k for a standard entry level license for clients. The ROI of making one placement using these platforms is high.

     
     
     

     5 Top Job Boards For Tech And IT Jobs

     The top tech and IT job boards include well-established platforms and specialized tech-focused sites.

     1. Dice

     Although Dice is an exclusively tech-focused job board, it attracts employers from various industries, as today's businesses across all sectors rely heavily on technology and require skilled tech professionals. The companies posting on Dice range from startups and small businesses to large corporations and tech giants, all seeking to fill their technology-related positions.

     DHi

     The most in-demand jobs for tech and IT job seekers on Dice include cybersecurity analyst, data scientist, DevOps engineer, full-stack developer, IT support, network engineer, network administrator, project manager, product manager, scrum master, software engineer, tech sales, web developer and more.

     Forbes

     EU Defense Spending Benefits U.S. GovTech Market
     
     

     Historically, over 60% of EU defense procurement spending have been allocated to U.S.-based defense contractors.

   • The proposed $1.1 trillion U.S. defense budget for 2026 marks the largest single-year increase in peacetime history.

   • Additionally, NATO countries are boosting defense spending with U.S. contractors likely to secure a significant portion of this incremental spend.

Source: Aviation Week