DLH Holdings Corp.: Business Overview, Financials & Competitive Analysis
DLH Holdings Corp. scores 5/10 on the AskCyborg Cyborg Score (Mixed). Turnaround story dependent on realizing pipeline opportunities and stabilizing revenue while de-leveraging—outcomes not yet assured. DLH faces near-term operational headwinds from program transitions and a 24% revenue decline in Q1 FY2026, but demonstrates operational discipline through improved cash management and accelerated debt reduction. The company's $3.5B qualified pipeline and.
What is DLH Holdings Corp.'s industry? DLH Holdings Corp. (dlhcorp.com) operates in Government IT and Systems Integration. AskCyborg classifies DLH Holdings Corp. under Government IT and Systems Integration in its company registry.
DLH Holdings Corp. is a leading provider of digital transformation and cybersecurity, systems engineering and integration, and science research and development. With over 1,700 employees, DLH serves federal customers ...
Cyborg Score thesis
Turnaround story dependent on realizing pipeline opportunities and stabilizing revenue while de-leveraging—outcomes not yet...
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Get Current Report FreeDLH Holdings Corp. Overview
Pro stress-test →DLH Holdings Corp. is a leading provider of digital transformation and cybersecurity, systems engineering and integration, and science research and development. With over 1,700 employees, DLH serves federal customers including the NIH, Defense Health Agency, US Navy, and Centers for Disease Control. The company is navigating a transition period following the loss of certain legacy programs to small-business set-asides, while maintaining a strong backlog.
Strategic Profile
Pro stress-test →DLH's strategic narrative centers on leveraging its advanced capabilities in technology-enabled solutions to align with the current administration's priorities, focusing on efficiency, cost reduction, and innovation. The company maintains a robust pipeline of qualified opportunities, estimated at $3.5 billion across its market areas, representing over 4x current revenue. Management is executing a de-leveraging strategy with all mandatory debt payments through March 2026 completed a year ahead of schedule.
Competitive Landscape
Pro stress-test →ICF International is a competitor of DLH Holdings. Other relevant competitors include Valiant Integrated Services, FCi Federal, and IAP Worldwide Services, which compete in federal systems integration, program management, and science research services. DLH differentiates through deep NIH/DoD customer relationships and AI-driven capabilities, though the federal market remains consolidating with small-business set-asides creating near-term pressure.
Industry Context
DLH Holdings Corp. operates in Government IT and Systems Integration.
Key facts
Founded: 1969 · Headquarters: Atlanta, Georgia · Employees: 1,700 · Revenue: $323M · Market cap: $81.7M