DHI GROUP, INC.DHX
DHI GROUP, INC. Segments Disclosure
SEGMENT INFORMATION
In connection with the organizational restructuring in the first quarter of 2025, as described in Note 5, the Company changed its reportable segments to reflect the current operating structure. Accordingly, prior periods have been recast to reflect the current segment presentation. Management has organized its reportable segments based upon our internal management reporting and information provided to the chief operating decision maker "CODM" after the restructuring was completed.
The Company previously reported one segment, Tech-focused. Information previously reported in the Tech-focused segment has been separated into ClearanceJobs ("CJ") and Dice, and the Company has two reportable segments: ClearanceJobs and Dice.
ClearanceJobs is an online career community dedicated to connecting security-cleared professionals with employers in a secure and private environment to fill the jobs that safeguard our nation. Authorized U.S. government contractors, federal agencies, national laboratories and universities utilize ClearanceJobs to find candidates with specific, active or current security clearance requirements in a range of disciplines. The platform provides opportunities for employers and candidates to engage in real-time through messaging and live video, and for employers to promote differentiators through a multitude of branding products and features.
Dice is a destination for technology and engineering talent in the United States to find relevant job opportunities. The job postings available on Dice, from both technology and non-technology companies across many industries, include positions for software engineers, big data professionals, systems administrators, database specialists, project managers, tech professionals with AI skills, and a variety of other technology and engineering professionals.
Corporate includes general overhead not directly consumed by the segments such as interest expense, public company costs, compensation of certain executives and other professional fees. Corporate assets include all cash, income tax related assets, investments, and certain prepaid and other assets.
The Company has included additional disclosures regarding significant expenses regularly provided to our CODM. The Company’s CODM is the Company’s Chief Executive Officer. Given the restructuring from one to two segments, the measure of segment profit or loss has changed from consolidated net income to Adjusted EBITDA. The CODM uses Adjusted EBITDA to allocate resources to each segment, predominately through a budgeting and forecasting process. The CODM utilizes segment revenue, operating expenses and Adjusted EBITDA when making decisions about resource allocations. Resource allocation decisions include, among other things, investing in product development, sales and marketing, employee compensation, acquisitions, and stockholder programs.
All operations are in the United States and the Company does not have revenues and long-lived assets, which includes fixed assets and lease right of use assets, outside of the United States. The CODM is not provided assets in evaluating the results of the segments, and therefore, such information is not provided, except capital expenditures. The accounting policies of each segment are the same as those described in Note 1 of the notes to the consolidated financial statements.
The following table provides an analysis of results by reportable segment (in thousands):
| Year Ended December 31, 2025 | Year Ended December 31, 2024 | Year Ended December 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| By Reportable Segment: | CJ | Dice | Total | CJ | Dice | Total | CJ | Dice | Total | ||||||||||||||||||||||||||||||||||||||||||||
| Revenues | $ | 54,889 | $ | 72,937 | $ | 127,826 | $ | 54,143 | $ | 87,783 | $ | 141,926 | $ | 50,348 | $ | 101,530 | $ | 151,878 | |||||||||||||||||||||||||||||||||||
| Less: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Adjusted cost of revenues | 6,890 | 12,634 | 6,225 | 13,938 | 5,170 | 14,618 | |||||||||||||||||||||||||||||||||||||||||||||||
| Adjusted product development | 5,173 | 7,418 | 4,467 | 14,370 | 4,217 | 13,539 | |||||||||||||||||||||||||||||||||||||||||||||||
| Adjusted sales | 8,154 | 14,887 | 8,149 | 19,222 | 9,405 | 26,757 | |||||||||||||||||||||||||||||||||||||||||||||||
| Adjusted marketing | 6,460 | 10,255 | 6,776 | 13,049 | 6,445 | 14,539 | |||||||||||||||||||||||||||||||||||||||||||||||
| Adjusted general and administrative | 4,466 | 8,742 | 4,361 | 9,098 | 3,931 | 9,141 | |||||||||||||||||||||||||||||||||||||||||||||||
Adjusted EBITDA(1) | 23,746 | 19,001 | 42,747 | 24,165 | 18,106 | 42,271 | 21,180 | 22,936 | 44,116 | ||||||||||||||||||||||||||||||||||||||||||||
Reconciling Items:(2) | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Less: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Depreciation (3) | 14,244 | 17,972 | 16,915 | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Amortization | 333 | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring (4) | 6,486 | 1,111 | 2,417 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Impairment of goodwill (5) | 7,800 | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||
Impairment of intangible assets(6) | 9,600 | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||
Impairment of right-of-use asset(7) | 1,379 | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Severance, professional fees and related costs, and non-cash stock based compensation | 6,634 | 9,905 | 10,636 | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Income from equity method investment | (92) | (225) | (502) | ||||||||||||||||||||||||||||||||||||||||||||||||||
Impairment of investments(8) | 948 | 400 | 300 | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Gain on investments | — | — | (614) | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest expense and other | 2,459 | 3,200 | 3,482 | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Unallocated amounts: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other corporate expenses | 7,644 | 6,958 | 7,860 | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Income (loss) before income taxes | $ | (14,688) | $ | 2,950 | $ | 3,622 | |||||||||||||||||||||||||||||||||||||||||||||||
Capital Expenditures(2)(9) | $ | 1,554 | $ | 5,268 | $ | 6,822 | $ | 2,520 | $ | 9,966 | $ | 12,486 | $ | 2,712 | $ | 13,665 | $ | 16,377 | |||||||||||||||||||||||||||||||||||
| (1) Excludes deduction for other corporate expenses. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| (2) Other segment disclosures as required by ASC 280. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
(3) Depreciation was $2.9 million and $11.3 million for ClearanceJobs and Dice, respectively, for the year ended December 31, 2025. Depreciation was $2.6 million and $15.3 million for ClearanceJobs and Dice, respectively, for the year ended December 31, 2024. Depreciation was $2.0 million and $14.9 million for ClearanceJobs and Dice, respectively, for the year ended December 31, 2023. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
(4) For the years ended December 31, 2025, 2024 and 2023, the CJ segment incurred restructuring costs of $0.4 million, $0.3 million, and $0.2 million respectively. The Dice segment incurred $3.8 million, $0.8 million, and $1.5 million respectively. Other corporate expenses incurred $2.3 million for the year ended December 31, 2025 and $0.8 million for the year ended December 31, 2023. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| (5) Impairment of goodwill related entirely to the Dice reportable segment. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| (6) Impairment of intangible assets related to the Dice tradename. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| (7) Impairment of right-of-use asset related to lease agreements within its ROU asset. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| (8) Impairment of investments related to investments as described in Note 8. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| (9) Consists of capitalized website development and software costs as provided to the CODM. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 12, 2026 | Showing above |
| 2024 | Feb 12, 2025 | |
| 2020 | Feb 10, 2021 | |
| 2019 | Feb 6, 2020 | |
| 2018 | Feb 8, 2019 | |
| 2017 | Feb 12, 2018 | |
| 2016 | Feb 9, 2017 | |
| 2015 | Feb 10, 2016 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.