DLH Holdings Corp 2026年季度报告

FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period ended December31, 2025 Commission File No.0-18492 DLH HOLDINGS CORP. Former Name, Former Address and Former Fiscal Year, if Changed Since Last Report Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Actof 1934 during the preceding 12months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject tosuch filing requirements for the past 90days.Yes☒No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule405 of RegulationS-T (§232.405 of this chapter) during the preceding 12months (or for such shorter period that the registrant was required tosubmit such files).Yes☒No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company,or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerginggrowth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☐Non-accelerated filer☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new orrevised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act).Yes☐No Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date: 14,493,035 shares of Common Stock,par value $0.001per share, were outstanding as of February6, 2026. DLH HOLDINGSCORP.FORM10-Q TABLE OF CONTENTS PART I FINANCIAL INFORMATION3ITEM I: FINANCIAL STATEMENTS (UNAUDITED)3CONSOLIDATED STATEMENTS OF OPERATIONS3CONSOLIDATED BALANCE SHEETS4CONSOLIDATED STATEMENTS OF CASH FLOWS5CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY6NOTES TO CONSOLIDATED FINANCIAL STATEMENTS7ITEM 2: MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OFOPERATIONS22ITEM 3: QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK30ITEM 4: CONTROLS AND PROCEDURES30PART II OTHER INFORMATION31ITEM 1: LEGAL PROCEEDINGS31ITEM 1A: RISK FACTORS31ITEM 2: UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS31ITEM 3: DEFAULTS UPON SENIOR SECURITIES31ITEM 4: MINE SAFETY DISCLOSURES31ITEM 5: OTHER INFORMATION31ITEM 6: EXHIBITS33SIGNATURE34 DLH HOLDINGS CORP.CONSOLIDATED STATEMENTS OF OPERATIONS(unaudited, in thousands, except per share amounts) Three Months EndedDecember 31, DLH HOLDINGS CORP.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS(UNAUDITED)December31, 2025 1. Basis of Presentationand Principles of Consolidation The accompanying consolidated financial statements include the accounts of DLH Holdings Corp. and its wholly-owned subsidiaries("DLH" or the "Company" and also referred to as "we," "us" and "our"). All significant intercompany balances and transactions havebeen eliminated in consolidation. The accompanying financial statements have been prepared in accordance with accounting principlesgenerally accepted in the United States of America ("GAAP") for interim financial information and with the instructions to Form 10-Qand Regulation S-X. Accordingly, these statements do not include all of the information and footnotes required by GAAP for completefinancial statements. Certain prior year amounts have been reclassified to conform to the fiscal 2026 presentation. Operating results for the three months ended December31, 2025 are not necessarily indicative of the results that may be expected forthe year ending September30, 2026 or any future period. Amounts for the three months ended December31, 2025 are unaudited. Forfurther information, refer to the consolidated financial statements and footnotes thereto included in the Company's Annual Report onForm 10-K for the year ended September30, 2025 filed with the Securities and Exchange Commission on December10, 2025. 2. Significant Accounting Policies Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affectthe reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements,and the reported amounts of revenues and expenses during the reporting periods. The most significant of these estimates andassumptions relate to estimating costs including overhead and its allocation, valuing and determining the amortization periods forlong-lived intangible assets, interest rate swaps, stock-based compensation, goodwill, an