• Indeed for specialized tech and finance jobs.
• A Monster.com focused on connecting employers with tech, finance, and security-cleared professionals.

• Dice: An online career network that provides job postings for technology and engineering professionals across various industries.
• ClearanceJobs: An internet-based career network specifically designed to match security-cleared professionals with hiring companies.
• eFinancialCareers: A specialized careers website serving professionals in the financial services industry, including sectors like asset management, risk management, and investment banking.

DHI Group, Inc. (DHX) - Major Customers

DHI Group, Inc. (DHX) sells primarily to other companies rather than individuals. The background information provided does not list specific customer company names. However, its major customers are categorized as:

• Small, mid-sized, and large direct employers
• Staffing companies
• Recruiting agencies
• Consulting firms
• Marketing departments of companies

• Amazon.com, Inc. (AMZN)

Art Zeile, President and Chief Executive Officer

Art Zeile has served as President and CEO and a director of DHI Group (DHX) since April 2018. He holds a B.S. in Astronautical Engineering from the U.S. Air Force Academy and an MPP from Harvard University, and served in the U.S. Air Force from 1986 to 1993. Prior to DHI, he held CEO positions at HOSTING (cloud services, 2008–2016), QTC Management (healthcare technology, 2006–2007), and was co-founder and CEO of Inflow (data centers, 1997–2005). Zeile has experience co-founding companies and scaling them through numerous strategic and tactical acquisitions and divestitures. He has worked with over two dozen private equity and venture capital firms, with 17 directly investing in his companies, and has cumulatively raised over $500M in equity and debt financing.

Greg Schippers, Chief Financial Officer

Greg Schippers was appointed Chief Financial Officer in January 2025, after serving as Interim Chief Financial Officer since November 2024. He joined DHI in 2014 as Vice President of Finance and Controller and has since taken on increasing responsibilities within the financial organization, which includes financial planning, accounting, financial reporting, investor relations, treasury, internal audit, and tax.

Jack Connolly, Chief Legal Officer

Jack Connolly was appointed Chief Legal Officer in January 2025. He joined DHI in July 2018 as an in-house corporate attorney and previously served as General Counsel starting in May 2023. He is responsible for managing all legal affairs, including intellectual property, mergers and acquisitions, strategic alliances, corporate securities, litigation, employment law, and data privacy.

Pamela Bilash, Chief Human Resources Officer

Pamela Bilash serves as the Chief Human Resources Officer for DHI Group.

Paul Farnsworth, President, Dice

Paul Farnsworth is the President of Dice, one of DHI Group's key brands.

1. Reliance on Economic Conditions and Cyclical Downturns in the Job Market

2. Intense Competition and Inability to Maintain Competitive Advantage

3. Potential for Artificial Intelligence to Reduce Demand for Technology Professionals

DHI Group, Inc. faces several clear emerging threats:

• Dominance and continuous evolution of professional networking platforms: Generalist professional networking sites, most notably LinkedIn, increasingly offer comprehensive recruitment solutions, professional profiles, and networking capabilities that directly compete with DHI's specialized job boards. LinkedIn's vast user base across technology, finance, and other industries, coupled with its advanced recruiter tools (e.g., AI-powered matching, direct outreach, skills assessments, talent pools), offers a compelling alternative for both job seekers and employers, potentially marginalizing the value proposition of niche job boards.
• Advancements in AI and automation for talent acquisition: The rapid development and adoption of AI-powered recruitment platforms, sophisticated applicant tracking systems (ATS), and direct sourcing tools are enabling companies to identify, engage, and screen candidates more efficiently without relying solely on traditional job postings. These technologies can proactively match candidates to roles using public data, internal databases, and behavioral analytics, potentially disintermediating DHI's core business model of connecting job seekers and employers through specialized online marketplaces.

DHI Group, Inc. operates two main products, Dice and ClearanceJobs, which serve distinct addressable markets.

Dice (Technology Professionals)

The addressable market for Dice, which focuses on technology professionals, can be identified by the overall IT recruitment market and the online recruitment technology market.

• Globally, the IT Recruitment Market was valued at approximately USD 198.8 billion in 2025 and is projected to reach USD 416.26 billion by 2035.
• In North America, the online recruitment technology market was valued at USD 6.05 billion in 2025.
• Specifically for the U.S., the online recruitment services market generated USD 5.2 billion in revenue in 2024 and is expected to grow to USD 15.5 billion by 2032.

ClearanceJobs (Security-Cleared Professionals)

ClearanceJobs caters to security-cleared professionals, primarily within the U.S. defense and intelligence sectors. While a specific overall dollar value for the security-cleared professional recruitment market was not found, the market exhibits significant demand and growth.

• The U.S. cleared talent market is anticipated to grow by 7-10% annually through 2025. This growth is particularly notable in cybersecurity, data analytics, and artificial intelligence sectors.
• There is a persistent challenge of limited supply of qualified individuals in this market.
• The total number of cleared job openings is at an all-time high, while the supply of candidates remains at an all-time low.

Here are 3-5 expected drivers of future revenue growth for DHI Group, Inc. (DHX) over the next 2-3 years:

1. Growth in ClearanceJobs from Defense Spending and Product Enhancements: ClearanceJobs is anticipated to be a significant driver of future revenue growth, aiming for double-digit revenue growth. This is largely attributed to the approved $1 trillion defense budget, which is expected to be a meaningful catalyst for continued momentum. Additionally, the launch of new offerings like the ClearanceJobs Premium Candidate Subscription and the successful integration of acquisitions like AgileATS, which has doubled its revenue in less than six months, are enhancing the platform's capabilities and reach.
2. Strategic Acquisitions: DHI Group views strategic acquisitions as a key component of its future growth strategy. The company has already demonstrated this through the acquisitions of Point Solutions Group and AgileATS, which expand government staffing and hiring capabilities and have shown promising initial growth.
3. Leveraging AI and Platform Modernization: The company is focused on leveraging AI to enhance its recruitment capabilities and meet the growing demand for tech talent. This includes ongoing platform modernization efforts, particularly for Dice, to differentiate its offerings and position it for recovery in the commercial tech hiring environment. The integration of AI-powered tools and proprietary skills algorithms across its platforms aims to connect employers with qualified candidates more efficiently.
4. Recovery in Commercial Tech Hiring Market: While the Dice platform has faced challenges due to a difficult macroeconomic environment and a soft commercial tech hiring market, DHI Group anticipates a recovery in the tech staffing sector, which accounts for 80% of Dice's revenue. This expected improvement in hiring conditions for technology professionals is projected to drive single-digit revenue growth for Dice.

Share Repurchases

• DHI Group announced a new $10 million share repurchase program in February 2026, authorized to run through February 2027.
• The company repurchased $11.4 million in shares during 2025.
• DHI suspended its share repurchase program in mid-2023 to prioritize debt reduction.

Outbound Investments

• In March 2026, DHI Group acquired Point Solutions Group, an engineering and technology professional services firm, for an estimated $5.5 million ($5.0 million cash upfront, up to $0.5 million contingent on 2026 revenue goals), to enhance its ClearanceJobs brand.
• The company acquired AgileATS, which helped double its revenue in under six months by Q4 2025.
• During 2021, DHI invested $3.0 million through a convertible promissory note in a values-based career destination company; this investment was later revalued to $0.4 million in Q3 2023 after its financial position deteriorated, resulting in an impairment loss of $0.3 million.

Capital Expenditures

• Capital expenditures, primarily capitalized development costs, were $7 million in 2025, a decrease from $12 million in 2024.
• The primary focus of these capital expenditures is capitalized labor for software development across the company's platforms, such as ClearanceJobs and Dice websites.
• DHI Group is targeting total capital expenditures between $6 million and $7 million for 2026.