DLH Holdings Corp.
For the period ended Dec 31, 2025. Filed Feb 9, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 31, 2025 · Filed Feb 9, 2026
DLHC$3.64-0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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CONSOLIDATED STATEMENTS OF CASH FLOWS
(unaudited, in thousands)
| Three Months Ended | ||
|---|---|---|
| December 31, | ||
| 2025 | 2024 | |
| Operating activities | ||
| Net (loss) income | $(1,324) | $1,115 |
| Adjustments to reconcile net (loss) income to net cash used in operating activities: | ||
| Depreciation and amortization | 4,300 | 4,307 |
| Amortization of deferred financing costs charged to interest expense | 433 | 457 |
| Stock-based compensation expense | 647 | 193 |
| Deferred income taxes, net | (501) | 780 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 2,552 | (14,421) |
| Other assets | 974 | (661) |
| Accounts payable and accrued liabilities | (4,996) | (6,567) |
| Accrued payroll | (6,157) | 2,275 |
| Other liabilities | (698) | 984 |
| Net cash used in operating activities | (4,770) | (11,538) |
| Investing activities | ||
| Purchase of equipment and improvements | (39) | (552) |
| Net cash used in investing activities | (39) | (552) |
| Financing activities | ||
| Proceeds from revolving line of credit | 67,396 | 59,910 |
| Repayment of revolving line of credit | (62,362) | (47,509) |
| Payments of deferred financing costs | — | (202) |
| Payment of tax obligations resulting from net exercise of stock options | (93) | — |
| Net cash provided by financing activities | 4,941 | 12,199 |
| Net change in cash | 132 | 109 |
| Cash - beginning of period | 125 | 342 |
| Cash - end of period | $257 | $451 |
| Supplemental disclosure of cash flow information | ||
| Cash paid during the period for interest | $3,003 | $3,594 |
| Cash paid during the period for income taxes | $— | $32 |
| Supplemental disclosure of non-cash activity | ||
| Common stock surrendered for the exercise of stock options | $(93) | $— |
| Lease liability recognized to acquire a right-of-use asset | $— | $1,377 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.