---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-031338"
form_type: "8-K"
ticker: "DLHC"
cik: "0000785557"
company_name: "DLH Holdings Corp."
filed_at: "2026-05-06T23:59:59+00:00"
generated_at: "2026-05-14T23:02:56.922924+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# DLH Q2 FY2026 net loss of $2.5M on revenue down 34%; backlog falls to $442.4M

## Summary
- Revenue $59.3M, down 33.5% YoY; net loss $(2.5)M vs income $0.9M; diluted EPS $(0.17) vs $0.06.
- Adjusted EBITDA $5.3M (9.0% margin) vs $9.4M (10.5% margin); free cash flow $3.8M vs $14.5M.
- Debt reduced to $132.7M from $136.6M at Q1 end; backlog $442.4M, down 14% from Sep 2025.
- Awarded 2-year sole source extension for NIH clinical research support contract.
- Management says legacy contract conversions to small businesses expected to complete in Q3 FY2026.

## SEC filing metadata
- accession: 0001628280-26-031338
- form_type: 8-K
- ticker: DLHC
- cik: 0000785557
- company_name: DLH Holdings Corp.
- filed_at: 2026-05-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/785557/000162828026031338/0001628280-26-031338-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/785557/000162828026031338/dlhc-20260506.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-031338
- JSON: https://secwatch.observer/filing/0001628280-26-031338.json
- Plain text: https://secwatch.observer/filing/0001628280-26-031338.txt

## Source-grounded claims
- claim_id: 6f99ff5bba2b9735c89b7bab24df238936c4ad6b
  claim: DLH Holdings Corp. reported financial results for Three Months Ended March 31, 2026.
  evidence_excerpt: DLH Reports Fiscal 2026 Second Quarter Results ATLANTA, May. 6, 2026 – DLH Holdings Corp. (NASDAQ: DLHC) (“DLH” or the “Company”), a leading provider of digital transformation and cybersecurity, systems engineering and integration, and science research and development, today announced financial results for its fiscal second quarter ended March 31, 2026.
  evidence_url: https://www.sec.gov/Archives/edgar/data/785557/000162828026031338/0001628280-26-031338-index.htm
- claim_id: 6f99ff5bba2b9735c89b7bab24df238936c4ad6b
  claim: DLH Holdings Corp. reported financial results for Three Months Ended March 31, 2026.
  evidence_excerpt: Adjusted EBITDA of $5.3 million, or 9.0% of revenue, with the Company's cost scaling initiatives sustaining adjusted EBITDA margin on the current revenue volume
  evidence_url: https://www.sec.gov/Archives/edgar/data/785557/000162828026031338/0001628280-26-031338-index.htm
- claim_id: 6f99ff5bba2b9735c89b7bab24df238936c4ad6b
  claim: DLH Holdings Corp. reported financial results for Three Months Ended March 31, 2026.
  evidence_excerpt: Operating Financial Summary Three Months Ended March 31, $ million 2026 2025 % Change Revenue $59.3 $89.2 (33.5)% Income (loss) from operations $(0.1) $5.1 (102.0)% Adjusted Income from operations $1.0 $5.1 (80.4)% Net income (loss) $(2.5) $0.9 (377.8)% Diluted Earnings (Loss) Per Share $(0.17) $0.06 (383.3)%
  evidence_url: https://www.sec.gov/Archives/edgar/data/785557/000162828026031338/0001628280-26-031338-index.htm
- claim_id: 6f99ff5bba2b9735c89b7bab24df238936c4ad6b
  claim: DLH Holdings Corp. reported financial results for Three Months Ended March 31, 2026.
  evidence_excerpt: Adjusted EBITDA $5.3 $9.4 (43.6)%
  evidence_url: https://www.sec.gov/Archives/edgar/data/785557/000162828026031338/0001628280-26-031338-index.htm
- claim_id: 6f99ff5bba2b9735c89b7bab24df238936c4ad6b
  claim: DLH Holdings Corp. reported financial results for Three Months Ended March 31, 2026.
  evidence_excerpt: Free cash flow of $3.8 million, with cash generation expected to accelerate in the second half of fiscal 2026
  evidence_url: https://www.sec.gov/Archives/edgar/data/785557/000162828026031338/0001628280-26-031338-index.htm
- claim_id: 6f99ff5bba2b9735c89b7bab24df238936c4ad6b
  claim: DLH Holdings Corp. reported financial results for Three Months Ended March 31, 2026.
  evidence_excerpt: Debt was reduced to $132.7 million, from $136.6 million at the end of the first quarter, with greater reductions expected before the end of fiscal 2026
  evidence_url: https://www.sec.gov/Archives/edgar/data/785557/000162828026031338/0001628280-26-031338-index.htm
- claim_id: 6f99ff5bba2b9735c89b7bab24df238936c4ad6b
  claim: DLH Holdings Corp. reported financial results for Three Months Ended March 31, 2026.
  evidence_excerpt: Awarded a two-year sole source extension of our contract to provide clinical research support services to NIH.
  evidence_url: https://www.sec.gov/Archives/edgar/data/785557/000162828026031338/0001628280-26-031338-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.