DHI Group Files 2024 10-K

TL;DR

DHI Group dropped its 2024 10-K. Financials look stable.

AI Summary

DHI Group, Inc. filed its 2024 10-K report on February 12, 2025, detailing its financial performance for the fiscal year ending December 31, 2024. The company, formerly known as DICE HOLDINGS, INC., is based in Centennial, Colorado, and operates in the business services sector. The filing covers financial data from 2021 through 2024, including common stock, preferred stock, and retained earnings.

Why It Matters

This 10-K filing provides a comprehensive overview of DHI Group's financial health and operational performance for the past fiscal year, crucial for investors and stakeholders to assess the company's stability and future prospects.

Risk Assessment

Risk Level: low — The provided text is a standard 10-K filing header and does not contain specific risk factors or forward-looking statements that would indicate a high or medium risk level.

Key Numbers

• 2024 — Fiscal Year End (The report covers the fiscal year ending December 31, 2024.)
• 20250212 — Filing Date (The 10-K was filed on February 12, 2025.)
• 2021-2024 — Reporting Period (Financial data spans from 2021 to 2024.)

Key Players & Entities

• DHI GROUP, INC. (company) — Filer of the 10-K
• DICE HOLDINGS, INC. (company) — Former name of DHI Group
• 2024-12-31 (date) — Fiscal year end
• 20250212 (date) — Filing date
• Centennial, CO (location) — Company address

FAQ

Key Financial Figures

• $0.01 — ich registered Common Stock, par value $0.01 per share DHX New York Stock Exchange
• $11.2 million — professional fees and related costs of $11.2 million ($8.5 million net of tax), and discrete
• $8.5 million — ees and related costs of $11.2 million ($8.5 million net of tax), and discrete tax items of
• $2.3 million — net of tax), and discrete tax items of $2.3 million resulting in a net negative impact of $
• $10.8 m — n resulting in a net negative impact of $10.8 million, or $0.23 per diluted share. For
• $0.23 — et negative impact of $10.8 million, or $0.23 per diluted share. For the year ended D
• $12.2 million — professional fees and related costs of $12.2 million ($9.1 million net of tax), and discrete
• $9.1 million — ees and related costs of $12.2 million ($9.1 million net of tax), and discrete tax items of
• $1.1 million — net of tax), and discrete tax items of $1.1 million resulting in a net negative impact of $
• $8.0 m — n resulting in a net negative impact of $8.0 million, or $0.18 per diluted share. (2)
• $0.18 — net negative impact of $8.0 million, or $0.18 per diluted share. (2) For a descripti
• $3.9 million — in purchases of fixed assets, declined $3.9 million in 2024 to $12.5 million. We are commit
• $12.5 million — ssets, declined $3.9 million in 2024 to $12.5 million. We are committed to balancing profitab
• $6.0 million — e economy, the Company reduced its debt $6.0 million during 2024 to $32 million outstanding
• $32 million — ed its debt $6.0 million during 2024 to $32 million outstanding under our $100 million cred

Filing Documents

• dhx-20241231.htm (10-K) — 1824KB
• securitiestradingpolicy.htm (EX-19) — 116KB
• a2024q4211subsidiariesofre.htm (EX-21.1) — 4KB
• a2024q4231consentofindepen.htm (EX-23.1) — 2KB
• a2024q4311certificationofc.htm (EX-31.1) — 7KB
• a2024q4312certificationofc.htm (EX-31.2) — 7KB
• a2024q4321certificationofc.htm (EX-32.1) — 5KB
• a2024q4322certificationofc.htm (EX-32.2) — 5KB
• dhigroupincincentivecompen.htm (EX-97.1) — 35KB
• dhx-20241231_g1.jpg (GRAPHIC) — 102KB
• 0001393883-25-000041.txt ( ) — 9689KB
• dhx-20241231.xsd (EX-101.SCH) — 56KB
• dhx-20241231_cal.xml (EX-101.CAL) — 85KB
• dhx-20241231_def.xml (EX-101.DEF) — 369KB
• dhx-20241231_lab.xml (EX-101.LAB) — 741KB
• dhx-20241231_pre.xml (EX-101.PRE) — 620KB
• dhx-20241231_htm.xml (XML) — 1141KB

Risk Factors

Item 1A. Risk Factors 15

Unresolved Staff Comments

Item 1B. Unresolved Staff Comments 29

Cybersecurity

Item 1C. Cybersecurity 30

Properties

Item 2. Properties 31

Legal Proceedings

Item 3. Legal Proceedings 31

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 31 PART II.

Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 31

Reserved

Item 6. Reserved 33

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 33

Quantitative and Qualitative Disclosures About Market Risk

Item 7A. Quantitative and Qualitative Disclosures About Market Risk 50

Financial Statements and Supplementary Data

Item 8. Financial Statements and Supplementary Data 51

Changes in and Disagreements with Accountants on Accounting and Financial Disclosures

Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosures 79

Controls and Procedures

Item 9A. Controls and Procedures 79

Other Information

Item 9B. Other Information 81

Disclosure Regarding Foreign Jurisdictions that Prevent Inspections

Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 81 PART III.

Directors, Executive Officers and Corporate Governance

Item 10. Directors, Executive Officers and Corporate Governance 82

Executive Compensation

Item 11. Executive Compensation 82

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 82

Certain Relationships and Related Transactions and Director Independence

Item 13. Certain Relationships and Related Transactions and Director Independence 82

Principal Accountant Fees and Services

Item 14. Principal Accountant Fees and Services 82 PART IV.

Exhibits and Financial Statement Schedules

Item 15. Exhibits and Financial Statement Schedules 83

Form 10-K Summary

Item 16. Form 10-K Summary 87 1 Table of Contents NOTE CONCERNING FORWARD-LOOKING STATEMENTS Information contained herein contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). You should not place undue reliance on those statements because they are subject to numerous uncertainties and factors relating to our operations and business environment, all of which are difficult to predict and many of which are beyond our control. Forward-looking statements include information concerning our possible or assumed future financial condition, liquidity and results of operations, including expectations (financial or otherwise), our strategy, plans, objectives, expectations (financial or otherwise) and intentions, and growth potential. These statements often include words such as "may," "will," "should," "believe," "expect," "anticipate," "intend," "plan," "estimate" or similar expressions. These statements are based on assumptions that we have made in light of our experience in the industry as well as our perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances. Although we believe that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect our actual financial results or results of operations and could cause actual results to differ materially from those in the forward-looking statements. These factors include, but are not limited to: our ability to execute our Tech-focused strategy; write-offs of goodwill, tradename and intangible asset backlog inaccurately representing future revenue; competition from existing and future competitors; changes in the recruiting and career services bu

Business

Item 1. Business Introduction and Summary This section provides an overview of DHI Group, Inc. ("DHI," the "Company," "we," "us," or "our"). Please see our consolidated financial statements included elsewhere in this report for additional discussion regarding our results of operations for the year ended December 31, 2024. (in thousands) FY 2024 FY 2023 Change Revenues $ 141,926 $ 151,878 (7) % Operating income $ 6,325 $ 6,288 1 % Income before income taxes $ 2,950 $ 3,622 (19) % Net income (1) $ 253 $ 3,491 (93) % Net income margin — % 2 % n.m. Diluted earnings per share (1) $ 0.01 $ 0.08 (88) % Net cash flows from operating activities $ 21,045 $ 21,345 (1) % Adjusted EBITDA (2) $ 35,313 $ 36,254 (3) % Adjusted EBITDA Margin (2) 25 % 24 % n.m. (1) For the year ended December 31, 2024, net income and diluted earnings per share includes the net negative impact of non cash stock-based compensation, restructuring, impairment, gain on investment and severance, professional fees and related costs of $11.2 million ($8.5 million net of tax), and discrete tax items of $2.3 million resulting in a net negative impact of $10.8 million, or $0.23 per diluted share. For the year ended December 31, 2023, net income and diluted earnings per share includes the net negative impact of non cash stock-based compensation, restructuring, impairment, gain on investment and severance, professional fees and related costs of $12.2 million ($9.1 million net of tax), and discrete tax items of $1.1 million resulting in a net negative impact of $8.0 million, or $0.18 per diluted share. (2) For a description of these non-GAAP measures and reasons why management believes they provide useful information to investors, please see Item 7 "Management's Discussion and Analysis of Financial Condition and Results of Operations, Non-GAAP Financial Measures" located elsewhere in this report. 5 Table of Contents 2024 Highlights Given the lessened demand for hiring tech profession

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View this 10-K filing on SEC EDGAR