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NYSE: DHX Q3 2026 Investor Presentation November 4, 2026 1
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Forward looking statements This presentation and oral statements made from time to time by our representatives contain forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. You should not place undue reliance on those statements because they are subject to numerous uncertainties and factors relating to our operations and business environment, all of which are difficult to predict and many of which are beyond our control. Forward-looking statements include, without limitation, information concerning our possible or assumed future financial condition, liquidity and results of operations, including expectations (financial or otherwise), our strategy, plans, objectives, and intentions, growth potential, and statements regarding our financial outlook. These statements often include words such as “may,” “will,” “should,” “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” "target" or similar expressions. These statements are based on assumptions that we have made in light of our experience in the industry as well as our perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances. Although we believe that these forward- looking statements are based on reasonable assumptions, you should be aware that many factors could affect our actual financial results or results of operations and could cause actual results to differ materially from those in the forward-looking statements. These factors include, but are not limited to, our ability to execute our tech-focused strategy, a write-off of all or a part of our goodwill and intangible assets, backlog not accurately representing future revenue, competition from existing and future competitors in the highly competitive markets in which we operate, failure to adapt our business model to keep pace with rapid changes in the recruiting and career services business and the development of new products and services, macroeconomic conditions, including government shutdowns, the impact of initiatives to restructuring or streamlining government agencies, such as DOGE, the risk that AI models will reduce demand for technology professionals in the workforce, failure to maintain and develop our reputation and brand recognition, failure to increase or maintain the number of customers who purchase recruitment packages, failure to attract qualified professionals to our websites or grow the number of qualified professionals who use our websites, inability to successfully integrate future acquisitions or identify and consummate future acquisitions, misappropriation or misuse of our intellectual property, claims against us for intellectual property infringement or failure to enforce our ownership of intellectual property, failure to attract and retain users who create and post original content on our web properties, taxation risks in various jurisdictions and the potential for unfavorable decisions related to tax assessments, taxation risks impacting our liability or past sales, and ability to make future sales, downturns in our customers' businesses, our indebtedness and our ability to borrow funds under our revolving credit facility or refinance our indebtedness, restrictions on our current and future operations under such indebtedness, development and use of artificial intelligence, development and use of artificial intelligence, failure to timely and efficiently scale, adapt and maintain our technology and infrastructure, capacity constraints, systems failures or breaches of network security, usefulness of our candidate profiles to our customers, decreases in our user engagement, changes in search engines’ methodologies, failure to halt operations of third-party websites aggregating our data, reliance on third-party hosting facilities, our compliance with laws and regulations, U.S. and foreign government regulation of the Internet and taxation, a review of strategic alternatives may occur from time to time and the possibility that such review will not result in a transaction, failure to attract or retain key executives and personnel, our ability to navigate the cyclicality or downturns of the U.S. and worldwide economies, litigation related to infringement or other claims regarding our services or content, our ability to defend ownership of our intellectual property, global climate change, compliance with the continued listing standards of the New York Stock Exchange, volatility in our stock price, differences between estimates of financial projections and future results, failure to maintain internal controls over financial reporting, results of operations fluctuating on a quarterly and annual basis, our rights plan may have anti- takeover effects, anti-takeover provisions in our governing documents making changes to management difficult, and disruption resulting from unsolicited offers to purchase the company. These factors and others are discussed in more detail in the Company’s filings with the Securities and Exchange Commission, all of which are available on the Investors page of our website at www.dhigroupinc.com, including the Company’s most recently filed reports on Form 10-K and Form 10-Q and subsequent filings under the headings “Risk Factors,” “Forward-Looking Statements” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” You should keep in mind that any forward-looking statement made by the Company or its representatives herein, or elsewhere, speaks only as of the date on which it is made. New risks and uncertainties come up from time to time, and it is impossible to predict these events or how they may affect us. We have no obligation to update any forward-looking statements after the date hereof, except as required by applicable federal securities laws. This presentation contains time sensitive information that is accurate only as of the date hereof. Information contained in this presentation is subject to change. 1
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Throughout this document, the Company references certain non-GAAP Financial Measures (free cash flow, adjusted EBITDA and Adjusted EBITDA margin) and Financial Metrics (bookings, compound annual growth rate, leverage ratio, capitalized development, backlog, revenue renewal rate, and revenue retention rate). See notes regarding the use of Non-GAAP financial measures and financial metric definitions and GAAP to non-GAAP reconciliations at the end of this document. Listed HQ Year End Weighted Avg. Diluted Shares Outstanding (Q3 2026) NYSE: Denver CO December 31 42M DHX (2007) Est. 1990 2
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DHI Group owns ClearanceJobs and Dice, which are software platforms for finding and engaging with top tech talent, including engineers, software developers, data scientists, cybersecurity experts, professionals with AI skills and more. With over 9 million tech professional profiles on our two platforms, we use AI-powered tools and our proprietary skills algorithm to connect employers with the most qualified candidates for their job openings. 3 3
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Why DHX, Why Now? A high-margin recurring revenue business, a growing defense/cleared-talent franchise, and identifiable catalysts for Dice to return to cyclical growth ~90% Recurring revenue High revenue visibility $55M ClearanceJobs 2025 revenue $1T U.S. defense budget tailwind 41% CJ Q3 2026 Adj. EBITDA margin Best-in-class vertical SaaS profile $79M Capital returned via share repurchases1 22M shares since 2021 0.86x Leverage ratio Low debt, ample optionality 2 272,000 +32% YOY New Tech Job Postings in September 20262 Significant improvement from 2025 Average of ~200k Multiple ways to win: growth in CJ, cyclical recovery in Dice, strong free cash flow, and ongoing share repurchases. 1 Includes shares repurchased under an approved stock repurchase plan and shares repurchased pursuant to our equity award plan as shares withheld for employee taxes from the vesting of employee restricted stock or performance-based restricted stock units. 2 Source data reference from CompTIA. 4
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Two Stories Inside One Ticker ClearanceJobs is the growth asset. Dice is the cash-generative recovery option. ClearanceJobs — Core Growth Asset 2025 Revenue: $55M 5-Year Revenue CAGR: +12% Q3 2026 revenue: +18% YoY Q3 2026 bookings: +32% YoY Q3 2026 Adjusted EBITDA margin: 41% Q3 2026 revenue retention: 111% 10,000+ cleared employers | 100+ government agencies Investment platform: AgileATS / Point Solutions Group Defense / cybersecurity / cleared-talent tailwinds Dice — Cyclical Recovery & Cash Option 2025 Revenue: $73M 5-Year Revenue CAGR: -4% Q3 2026 revenue: -13% YoY Q3 2026 bookings: -9% YoY Q3 2026 Adjusted EBITDA margin: 25% Q3 2026 revenue retention: 92% 80,000+ commercial accounts | 18,000 staffing firms Free-cash-flow engine while tech hiring stabilizes Dice revenue grew 24% in 2022 during last hiring cycle 5
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WHY OUR BRANDS WIN 6
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DHI Offers Candidates that Cannot be Found Elsewhere • Many active Dice tech professionals are not found on generalist sites like ZipRecruiter, Indeed or LinkedIn. • In cases where competitors do have overlapping candidate profiles, the majority are outdated by at least 6 months. • LinkedIn has no profile field for government clearance • Government workers and contractors have freedom to use ClearanceJobs due to the lack of hostile actors on the platform • Other smaller competitors are a fraction the size of ClearanceJobs 7
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Compelling ROI for Companies Tech Professionals are very expensive. Dice and CJ charge between $8-$10k for a standard entry level license for clients. The ROI of making one placement using these platforms is high. Most recruiters charge between 20-25% of the first-year salary of a candidate they place. “Dice has paid for itself already as we made one hire that we could not find anywhere else.” American National Insurance 8
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Tech Workforce Growth Over the next ten years, the tech workforce is projected to grow twice as fast as the overall U.S. workforce1. 414% Data Scientists and Data Analysts 367% Cybersecurity Analysts and Engineers 297% Software Developers and Engineers 220% Software QA and Testers 186% Web Designers and UI/UX 164% CIOs, IT Directors and Manager 152% Web Developers 99% Emerging Tech, IT Project Mgt., Other 81% Database Architects 81% Systems Analysts and Engineers 53% Database Administrators 28% Tech Support Specialists Projected tech growth rates above the national rate2: The macro trend of digital transformation means demand for tech talent across the full spectrum of tech job roles. 1. U.S. Bureau of Labor Statistics and Lightcast 2. CompTIA State of the Tech Workforce, 2025 The growth consists of an expected 43% average annual turnover rate and overall population gain 2 9
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AI Job Posting Trend +108% YOY Tech Jobs Requiring AI/ML or NLP Skills Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 0 50,000 100,000 150,000 200,000 250,000 +70% YOY Source: Lightcast October 2026 +94% YOY 10
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The Economist States AI Jobs Are Booming Source: The Economist, The Jobs Apocalypse is Postponed, September 12, 2026 11
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Cleared employers 10,000+ Government agencies 100+Growth opportunity Large TAMs for ClearanceJobs and Dice Tech Candidate Marketplace Cleared Professionals Marketplace Subscription clients 1.8K 2025 Revenue $55M, +12% CAGR Subscription clients 3.5K 2025 Revenue $73M, -4% CAGR Commercial accounts 80,000+ Staffing, Recruiting, Consulting Firms 18,000Growth opportunity 12
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FINANCIAL MODEL FREE CASH FLOW GENERATION 13
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Revenue Stability: Recurring Revenue Model With a subscription-based business, a large portion of revenue is contracted and booked at the beginning of each year with high predictability as we renew our contracts throughout the year. 14
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Illustration of DHI Group Free Cash Flow DHI Group Free Cash Flow Sources/ Uses composed of multiple elements, with Capex being the primary driver. Reduced capitalized development costs resulted in $6.6 million lower capex spend in 2025 Long term goal to deliver free cash flow at or above 10% of revenue 1. Each component calculated using the five-year average (2021 to 2025) 2. Working capital excludes the impact of income taxes Adjusted EBITDA to Free Cash Flow Adjusted EBITDA Capex Working capitalInterest expenseIncome taxes Other Free Cash Flow 1 2 15
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DHI Group Cash Flow Operating cash flows in Q3 2026 were $7.2M Capitalized development costs comprise over 90% of capex Operating cash flow, Capex & Cap Dev ($ in millions) $29 $36 $21 $21 $21 $14 $18 $20 $14 $7 $13 $17 $16 $12 $7 Operating cash flow Capex Cap Dev 2021 2022 2023 2024 2025 Quarterly Cash Flow $4.8 $7.2 $8.4 $6.1 $7.2 $1.6 $1.5 $1.6 $1.6 $1.9 $1.5 $1.4 $1.6 $1.6 $1.6 Operating cash flow Capex Cap Dev Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 16
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Free Cash Flow Inflection Cap dev down, cash conversion up — as we target a 10%+ free cashflow ("FCF") conversion $13.8M 2025 Free Cash Flow $13.9M → $7.3M Capex: 2024 vs. 2025 $1.9M Q3 2026 Capex 10%+ Long-term FCF conversion goal • Capitalized development costs make up >90% of capex; product cycle is normalizing. • Both brands have significant free cash flow leverage with revenue growth. Dice FCF was generated in down cycle. • Free cash flow funds both the buyback authorization and deleveraging. 17 Why this matters for the equity story:
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Capital Allocation Scorecard Management is shrinking the share count while maintaining low leverage. 22M Shares repurchased since 2021 $79M Total capital returned via share repurchases 8.7M Net share-count reduction since 2021 (~17%) $10M Authorized buyback through Feb 2027 0.86x Leverage ratio (Q3 2026) 17%+ Insider ownership Disciplined capital allocation: Buybacks meaningful relative to market cap, dilution offset, debt kept under 1x leverage, and dry powder retained for opportunistic deployment. 1 Shares repurchased and buybacks include open-market repurchases and shares withheld for taxes on equity vesting. 1 18
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FINAL CONSIDERATIONS 19
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Why Buy DHX 1 Niche vertical marketplaces Proprietary candidate data that competitors can't easily replicate. 2 ClearanceJobs defense tailwind Cleared-talent, cybersecurity, and AI demand structurally rising. 3 ~90% recurring revenue Visibility on full-year revenue at the start of each year. 4 28% Q3 Adj. EBITDA margin Consolidated profitability supports consistent cash generation. 5 Long-term FCF Target conversion of 10%+ Lower capitalized development costs = improving FCF conversion. 6 0.86x leverage Low debt provides operating and strategic flexibility. 7 Buybacks material to shareholder value creation $79M returned since 2021; $10M authorization in place. 8 Dice as cyclical upside Optionality when tech hiring normalizes. 9 Strong GovTech market ClearanceJobs: Rule of 50+ 10 Multiple ways to win Growth, margin, FCF, and buybacks. 20
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Appendix 21
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FINANCIAL PERFORMANCE 22
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DHI Group Annual Financial Performance 1 In June 2021, the Company transferred majority ownership and control of its eFinancialCareers (“eFC”) business to eFC’s management. Bookings, revenue and Adjusted EBITDA throughout this document exclude eFC. -1% CAGR 2% CAGR DHI Bookings ($M) $133 $160 $153 $141 $126 2021 2022 2023 2024 2025 DHI Revenue ($M) $120 $150 $152 $142 $128 2021 2022 2023 2024 2025 DHI Adjusted EBITDA ($M) & Adjusted EBITDA Margin $26 $31 $36 $35 $35 22% 21% 24% 25% 27% 2021 2022 2023 2024 2025 8% CAGR 1 1 1 23
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DHI Adjusted EBITDA ($M) & Adjusted EBITDA Margin $10 $9 $8 $8 $9 32% 30% 27% 27% 28% Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 DHI Bookings ($M) $25 $31 $38 $28 $28 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 DHI Revenue ($M) $32 $31 $30 $31 $32 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 DHI Group Quarterly Financial Performance Percentages, other than Adjusted EBITDA Margin, reflect year-over-year performance changes. 9% 19% 2% 9% 5% 10% 2% 2% 10% 0% 13% 12% 8% 17% 2% 24
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DHI Group Liquidity 1. Includes shares repurchased under an approved stock repurchase plan and shares repurchased pursuant to our equity award plan as shares withheld for employee taxes from the vesting of employee restricted stock or performance-based restricted stock units. Q3 2026 cash of $3M, debt of $30M, leverage ratio of 0.86 21M shares repurchased for $79M since January 2021 Debt & Cash ($ in millions) $23 $30 $38 $32 $30 $2 $3 $4 $4 $3 $18 $24 $13 $2 $11 0.84 1.00 1.05 0.91 0.85 Debt Cash $ Shares RepurchasedLeverage Ratio 2021 2022 2023 2024 2025 Quarterly Liquidity $30 $30 $33 $32 $30 $2 $3 $3 $4 $3$2 $5 $5 $2 $4 0.86 0.85 0.91 0.89 0.86 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 1 25
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DHI Group Buyback History 1 Includes shares repurchased under an approved stock repurchase plan and shares repurchased pursuant to our equity award plan as shares withheld for employee taxes from the vesting of employee restricted stock or performance-based restricted stock units. Shares count down 8.7M shares, or 17%, since January 2021 $10M stock repurchase plan in place through February 2027 Shares repurchased outpacing equity grants to employees and directors, offsetting dilution Shares Outstanding and Share Repurchases1 (shares in thousands) 4,815 4,236 2,814 775 5,495 48,756 47,368 46,875 48,217 44,460 Shares Repurchased Shares Outstanding 2021 2022 2023 2024 2025 26
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BRAND PERFORMANCE 27
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ClearanceJobs Cleared employers 10,000+ Government agencies 100+Growth opportunity Cleared Professionals Marketplace Subscription clients 1.8K 2025 Revenue $55M, +12% CAGR 28
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ClearanceJobs Bookings by Quarter ($M) $12 $15 $18 $14 $16 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 ClearanceJobs Bookings by Year ($M) $39 $48 $53 $56 $55 2021 2022 2023 2024 2025 ClearanceJobs Bookings 1 Percentage represents the change versus the prior year quarter. ClearanceJobs bookings CAGR 9% Q3 2026 bookings for ClearanceJobs up 32% YoY Q3 2026 revenue renewal rate for ClearanceJobs at 93% Q3 2026 revenue retention rate for ClearanceJobs at 111% 9% CAGR 7% 24% 1 32% 3% 7% 29
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ClearanceJobs Revenue by Quarter ($M) $14 $14 $14 $16 $17 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 ClearanceJobs Revenue by Year ($M) $35 $44 $50 $54 $55 2021 2022 2023 2024 2025 ClearanceJobs Revenue ClearanceJobs revenue CAGR 12% ClearanceJobs revenue up +18% YoY in Q3 2026 12% CAGR 1 Percentage represents the change versus the prior year quarter. 18% 1% 1% 14% 1 5% 30
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ClearanceJobs Adjusted EBITDA and Capex Adjusted EBITDA and Capital Expenditures ($ in millions) Q3 2026 Adjusted EBITDA at $6.7M, a margin of 41%. Strong Adjusted EBITDA conversion to cash with low cap dev. Capex primarily consists of cap dev. $5.9 $6.0 $5.7 $6.0 $6.7 $0.5 $0.5 $0.6 $0.7 $0.8$0.5 $0.5 $0.6 $0.6 $0.7 43% 43% 40% 39% 41% Adjusted EBITDA Capex Cap Dev Adjusted EBITDA Margin Q3 25 Q4 25 Q1 2026 Q2 26 Q3 26 31
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Dice Tech Candidate Marketplace Subscription clients 3.5K 2025 Revenue $73M, -4% CAGR Commercial accounts 80,000+ Staffing, Recruiting, Consulting Firms 18,000Growth opportunity 32
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Dice Bookings by Year ($M) $94 $112 $100 $85 $71 2021 2022 2023 2024 2025 Dice Bookings Dice bookings CAGR -7% Q3 2026 Dice bookings down -9% YoY Q3 2026 revenue renewal rate for Dice at 67% Q3 2026 revenue retention rate for Dice at 92% -7% CAGR 1 Percentage represents the change versus the prior year quarter. Dice Bookings by Quarter ($M) $13 $17 $20 $13 $12 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 11% 17% 14% 1 9% 20% 33
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Dice Revenue by Year ($M) $85 $106 $102 $88 $73 2021 2022 2023 2024 2025 Dice Revenue Dice revenue CAGR -4% Dice revenue down -13% YoY in Q3 2026 -4% CAGR 1 Percentage represents the change versus the prior year quarter. Dice Revenue by Quarter ($M) $18 $17 $16 $16 $16 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 17% 15% 14% 1 13% 17% 34
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Dice Adjusted EBITDA and Capex Adjusted EBITDA and Capital Expenditures ($ in millions) Q3 2026 Adjusted EBITDA of $4.0M, a margin of 25%. Capex primarily consists of cap dev. $6.2 $5.2 $4.3 $4.2 $4.0 $1.1 $1.0 $1.1 $0.9 $1.1$1.1 $1.0 $1.0 $0.9 $0.9 34% 30% 28% 26% 25% Adjusted EBITDA Capex Cap Dev Adjusted EBITDA Margin Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 35
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DHI Group, Inc. Supplemental data - customer data (unaudited) ClearanceJobs Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Bookings (in millions) $ 17.0 $ 11.5 $ 12.8 $ 14.2 $ 16.8 $ 11.6 $ 12.0 $ 14.6 $ 18.0 $ 14.3 $ 15.8 Revenues (in millions) $ 13.0 $ 13.5 $ 13.8 $ 13.8 $ 13.4 $ 13.6 $ 13.9 $ 13.9 $ 14.0 $ 15.6 $ 16.5 Recruitment Package Customers 2,032 2,009 1,982 1,949 1,891 1,868 1,822 1,775 1,741 1,735 1,764 Average Annual Revenue Per Recruitment Package Customer $ 23,050 $ 24,275 $ 24,762 $ 25,148 $ 25,806 $ 26,026 $ 26,601 $ 27,246 $ 27,286 $ 28,255 $ 29,228 Revenue Renewal Rate 98 % 96 % 91 % 93 % 92 % 87 % 85 % 90 % 88 % 87 % 93 % Customer Renewal Rate 78 % 78 % 78 % 76 % 79 % 77 % 76 % 72 % 71 % 68 % 73 % Retention Rate 115 % 113 % 109 % 111 % 106 % 103 % 106 % 109 % 105 % 110 % 111 % Dice Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Bookings (in millions) $ 31.8 $ 18.5 $ 16.1 $ 18.7 $ 25.3 $ 15.6 $ 13.4 $ 16.6 $ 20.2 $ 13.4 $ 12.1 Revenues (in millions) $ 23.0 $ 22.3 $ 21.4 $ 21.0 $ 18.9 $ 18.4 $ 18.2 $ 17.4 $ 15.7 $ 15.8 $ 15.7 Recruitment Package Customers 5,250 5,031 4,868 4,711 4,490 4,365 4,239 4,132 3,832 3,702 3,452 Average Annual Revenue Per Recruitment Package Customer $ 15,997 $ 16,294 $ 16,330 $ 16,380 $ 16,384 $ 15,434 $ 15,727 $ 15,635 $ 15,466 $ 15,899 $ 16,399 Revenue Renewal Rate 82 % 78 % 74 % 77 % 70 % 75 % 69 % 78 % 71 % 66 % 67 % Customer Renewal Rate 74 % 69 % 69 % 69 % 69 % 66 % 68 % 69 % 59 % 56 % 58 % Retention Rate 100 % 99 % 96 % 97 % 92 % 102 % 92 % 94 % 100 % 98 % 92 % 36
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DHI Group, Inc. Supplemental data – Historical Activity (unaudited) (dollars in millions) DHI Group, Inc. Q1 25 Q2 25 Q3 25 Q4 25 FY 2025 Q1 26 Q2 26 Q3 26 Revenues $32.3 $32.0 $32.1 $31.4 $127.8 $29.7 $31.3 $32.2 Cost of revenues 5.3 5.1 4.6 4.5 19.5 4.7 6.3 6.5 Product development 3.8 3.1 2.9 3.0 12.8 3.0 2.9 2.9 Sales 6.4 6.2 5.1 5.3 23.0 5.2 4.9 5.0 Marketing 4.7 4.3 4.0 3.8 16.8 3.8 4.3 4.4 General & administrative 5.1 4.7 5.3 5.4 20.5 4.8 4.8 4.6 Total operating expenses 25.3 23.4 21.9 22.0 92.6 21.5 23.2 23.3 Adjusted EBITDA 7.0 8.5 10.3 9.4 35.1 8.1 8.3 8.9 Adjusted EBITDA Margin 22% 27% 32% 30% 27% 27% 27% 28% Capitalized Development 2.0 1.9 1.5 1.4 6.8 1.6 1.6 1.6 Capital Expenditures 2.2 2.0 1.6 1.5 7.3 1.6 1.6 1.9 ClearanceJobs Q1 25 Q2 25 Q3 25 Q4 25 FY 2025 Q1 26 Q2 26 Q3 26 Revenues $13.4 $13.6 $13.9 $13.9 $54.8 $14.0 $15.6 $16.5 Cost of revenues 1.8 1.7 1.7 1.7 6.9 2.1 3.5 3.6 Product development 1.3 1.2 1.4 1.3 5.2 1.5 1.3 1.2 Sales 2.0 2.1 2.0 2.0 8.1 2.1 1.9 2.1 Marketing 1.6 1.6 1.7 1.6 6.5 1.6 1.7 1.7 General & administrative 0.9 1.0 1.2 1.3 4.4 1.0 1.1 1.1 Total operating expenses 7.6 7.6 8.0 7.9 31.1 8.3 9.5 9.8 Adjusted EBITDA 5.7 6.1 5.9 6.0 23.7 5.7 6.0 6.7 Adjusted EBITDA Margin 43% 45% 42% 43% 43% 40% 39% 41% Capitalized Development 0.3 0.3 0.5 0.5 1.6 0.6 0.6 0.7 Capital Expenditures 0.4 0.3 0.5 0.5 1.7 0.6 0.7 0.8 Dice Q1 25 Q2 25 Q3 25 Q4 25 FY 2025 Q1 26 Q2 26 Q3 26 Revenues $18.9 $18.4 $18.2 $17.4 $72.9 $15.7 $15.8 $15.7 Cost of revenues 3.5 3.5 2.9 2.8 12.7 2.6 2.7 2.9 Product development 2.3 1.9 1.5 1.7 7.4 1.5 1.6 1.7 Sales 4.4 4.1 3.1 3.3 14.9 3.1 2.9 2.9 Marketing 3.0 2.8 2.3 2.2 10.3 2.2 2.6 2.7 General & administrative 2.3 2.0 2.2 2.3 8.8 1.9 1.8 1.6 Total operating expenses 15.5 14.3 12.0 12.3 54.1 11.3 11.6 11.7 Adjusted EBITDA 3.4 4.2 6.2 5.2 19.0 4.3 4.2 4.0 Adjusted EBITDA Margin 18% 23% 34% 30% 26% 28% 26% 25% Capitalized Development 1.6 1.6 1.1 1.0 5.3 1.0 0.9 0.9 Capital Expenditures 1.8 1.7 1.1 1.0 5.6 1.1 0.9 1.1 Corporate Q1 25 Q2 25 Q3 25 Q4 25 FY 2025 Q1 26 Q2 26 Q3 26 Cost of revenues 0.1 — — — 0.1 — — — Product development 0.2 — — — 0.2 — — — Sales 0.1 — — — 0.1 — — — Marketing — — — — — — — — General & administrative 1.8 1.7 1.9 1.8 7.2 1.8 1.9 1.8 Total operating expenses 2.2 1.7 1.9 1.8 7.6 1.8 1.9 1.8 37
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Notes Regarding the Use of Non-GAAP Financial Measures The Company has provided certain non-GAAP financial information as additional information for its operating results. These measures are not in accordance with, or alternatives to, measures in accordance with generally accepted accounting principles in the United States (“GAAP”) and may be different from similarly titled non-GAAP measures reported by other companies. The Company believes that its presentation of non-GAAP measures, such as Adjusted EBITDA, Adjusted EBITDA Margin provides useful information to management and investors regarding certain financial and business trends relating to the Company's financial condition and results of operations. In addition, the Company’s management uses these measures for reviewing the financial results of the Company and for budgeting and planning purposes. Non-GAAP results exclude the impact of items that management believes affect the comparability or underlying business trends in our condensed consolidated financial statements in the periods presented. The non-GAAP measures apply to consolidated results or other measures as shown within this document. The Company has provided required reconciliations to the most comparable GAAP measures elsewhere in the document. Free Cash Flow We define free cash flow as net cash provided by operating activities minus fixed asset purchases. We believe free cash flow is an important non-GAAP measure for investors as it provides useful cash flow information regarding our ability to service, incur or pay down indebtedness or repurchase our common stock. Management uses free cash flow as a measure to reflect cash available to service our debt as well as to fund our expenditures. A limitation of using free cash flow versus the GAAP measure of net cash provided by operating activities is that free cash flow does not represent the total increase or decrease in the cash balance from operations for the period since it includes cash used for fixed asset purchases during the period. Adjusted EBITDA and Adjusted EBITDA Margin Adjusted EBITDA and Adjusted EBITDA Margin are non-GAAP measures used by management to measure operating performance. Management uses Adjusted EBITDA and Adjusted EBITDA Margin as performance measures for internal monitoring and planning, including preparation of annual budgets, analyzing investment decisions and evaluating profitability and performance comparisons between us and our competitors. The Company also uses these measures to calculate amounts of performance-based compensation under the senior management incentive bonus program. Adjusted EBITDA represents net income plus (to the extent deducted in calculating such net income) interest expense, income tax expense, depreciation and amortization, and items such as non-cash stock-based compensation, certain write-offs in connection with indebtedness, impairment charges with respect to long-lived assets, expenses incurred in connection with an equity offering or any other offering of securities by the Company, extraordinary or non-recurring non-cash expenses or losses, losses from equity method investments, transaction costs in connection with the credit agreement, deferred revenue written off in connection with acquisition purchase accounting adjustments, write-off of non-cash stock-based compensation expense, severance and retention costs related to dispositions and reorganizations of the Company, impairment of investment, restructuring charges and losses related to legal claims and fees that are unusual in nature or infrequent, minus (to the extent included in calculating such net income) non-cash income or gains, including income from equity method investments, interest income, business interruption insurance proceeds, and gains related to legal claims that are unusual in nature or infrequent. Adjusted EBITDA Margin is computed as Adjusted EBITDA divided by revenue. We also consider Adjusted EBITDA and Adjusted EBITDA Margin, as defined above, to be important indicators to investors because they provide information related to our ability to provide cash flows to meet future debt service, capital expenditures, working capital requirements, and to fund future growth. We present Adjusted EBITDA and Adjusted EBITDA Margin as supplemental performance measures because we believe that these measures provide our board of directors, management and investors with additional information to measure our performance, provide comparisons from period to period by excluding potential differences caused by variations in capital structures (affecting interest expense) and tax positions (such as the impact on periods or companies of changes in effective tax rates or net operating losses), and to estimate our value. We understand that although Adjusted EBITDA and Adjusted EBITDA Margin are frequently used by securities analysts, lenders and others in their evaluation of companies, Adjusted EBITDA and Adjusted EBITDA Margin have limitations as analytical tools, and you should not consider them in isolation, or as a substitute for analysis of our liquidity or results as reported under GAAP. Some limitations are: Adjusted EBITDA and Adjusted EBITDA Margin do not reflect our cash expenditures, or future requirements for capital expenditures or contractual commitments; Adjusted EBITDA and Adjusted EBITDA Margin do not reflect changes in, or cash requirements for, our working capital needs; Adjusted EBITDA and Adjusted EBITDA Margin do not reflect interest expense, or the cash requirements necessary to service interest or principal payments on our debt; Although depreciation and amortization are non-cash charges, the assets being depreciated and amortized often will have to be replaced in the future, and Adjusted EBITDA and Adjusted EBITDA Margin do not reflect any cash requirements for such replacements; and Other companies in our industry may calculate Adjusted EBITDA and Adjusted EBITDA Margin differently than we do, limiting their usefulness as comparative measures. To compensate for these limitations, management evaluates our liquidity by considering the economic effect of excluded expense items independently, as well as in connection with its analysis of cash flows from operations and through the use of other financial measures, such as capital expenditure budget variances, investment spending levels and return on capital analysis. Adjusted EBITDA and Adjusted EBITDA Margin are not measurements of our financial performance under GAAP and should not be considered as an alternative to revenue, operating income, net income, net income margin, cash provided by operating activities, or any other performance measures derived in accordance with GAAP as a measure of our profitability or liquidity. Notes regarding the use of non-GAAP financial measures 38
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Bookings Bookings represent the value of all contractually committed services in which the contract start date is during the period and will be recognized as revenue within 12 months of the contract start date. For contracts that extend beyond 12 months, the value of those contracts beyond 12 months is recognized as bookings on each annual anniversary of each contract start date valued as the amount of revenue that will be recognized within 12 months of the respective anniversary date. Compound Annual Growth Rate (CAGR) Compound Annual Growth Rate (CAGR) represents the rate of growth between a beginning value and an ending value over a defined measurement period, expressed as if growth occurred at a steady compounded annual rate. CAGR is a supplemental measure and does not reflect actual year-over-year performance in any single period. DHI Group Q3 2026 results. CAGR figures cover 2021–2025 Leverage Ratio Leverage Ratio is computed by dividing debt by Adjusted EBITDA. Capitalized Development (Cap Dev) Cap Dev refers to capitalized development costs (cap dev) from both internal labor and external vendors incurred from building new products and features on the Company's platforms. Cap dev is included in capex. Backlog Backlog consists of deferred revenue plus customer contractual commitments not invoiced representing the value of future services to be rendered under committed contracts. Revenue Renewal Rate Revenue renewal rate represents the annual contract value renewed for all recruitment package contracts up for renewal in the period. Revenue Retention Rate For customers that renewed their annual recruitment packages during the period, the revenue retention rate represents the annual contract value renewed, relative to the previous annual contract value. Recruitment Packages Recruitment packages are subscription based products that provide access to our candidate profiles and/or the ability to post jobs. Notes regarding financial metric definitions 39
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DHI Group, Inc. Supplemental data - non-GAAP (unaudited) (Dollars in millions) Full Year Full Year Full Year Full Year Full Year 2021 2022 2023 2024 2025 Cash provided by operating activities $ 28.6 $ 36.0 $ 21.3 $ 21.0 $ 21.1 Interest expense 0.7 1.6 3.5 3.2 2.5 Amortization of deferred financing costs (0.1) (0.1) (0.1) (0.1) (0.1) Income tax expense (benefit) (0.6) (0.6) 0.1 2.7 (1.2) Deferred income taxes 0.6 3.8 3.3 0.8 1.3 Change in accrual for unrecognized tax benefits 0.2 — (0.3) — 0.5 Change in accounts receivable 1.1 2.1 1.4 (0.1) (4.2) Change in deferred revenue (10.1) (4.7) 0.9 4.5 5.5 Discontinued operations results (3.6) — — — — Severance, professional fees and related costs 2.0 0.4 1.2 1.8 1.8 Restructuring — — 2.4 1.1 6.5 Changes in working capital and other 7.4 (7.5) 2.6 0.4 1.4 Adjusted EBITDA $ 26.2 $ 31.0 $ 36.3 $ 35.3 $ 35.1 Cash provided by operating activities $ 28.6 $ 36.0 $ 21.3 $ 21.0 $ 21.1 Less: Capitalized development costs (12.9) (17.2) (16.4) (12.5) (6.8) Other fixed asset purchases $ (1.4) $ (0.8) (3.9) (1.4) (0.5) Total fixed asset purchases (14.3) (18.0) (20.3) (13.9) (7.3) Free Cash Flow $ 14.3 $ 18.0 $ 1.0 $ 7.1 $ 13.8 40
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DHI Group, Inc. Supplemental data - non-GAAP (unaudited) (Dollars in millions) Full Year Full Year Full Year Full Year Full Year Q1 Q2 Q3 2021 2022 2023 2024 2025 2026 2026 2026 Reconciliation of Net Income (loss) to Adjusted EBITDA Net Income (loss) $ (29.7) $ 4.2 $ 3.5 $ 0.3 $ (13.5) $ 1.5 $ 2.6 $ 2.4 Interest Expense 0.7 1.6 3.5 3.2 2.5 0.6 0.7 0.6 Income tax expense (benefit) (0.6) (0.6) 0.1 2.7 (1.2) 1.0 0.5 0.9 Depreciation 16.3 17.5 16.9 18.0 14.2 2.8 2.5 2.3 Amortization — — — — 0.3 0.2 0.3 0.3 Non-cash stock based compensation 7.7 9.5 9.5 8.1 4.9 1.2 0.9 1.0 Income from equity method investment (0.2) (1.6) (0.5) (0.2) (0.1) — — — Proceeds from settlement — (2.1) — — — — — — Impairment of intangible assets — — — — 9.6 — — — Impairment of goodwill — — — — 7.8 — — — Impairment of investment — 2.3 0.3 0.4 0.9 — — — Impairment of right-of-use asset 1.9 — — — 1.4 — — — Loss (gain) on investments (1.2) (0.3) (0.6) — — — — — Restructuring — — 2.4 1.1 6.5 — — — Severance, professional fees and related costs 2.0 0.4 1.2 1.8 1.8 0.9 0.8 1.4 Loss (income) from discontinued operations, net of tax 29.3 — — — — — — — Other — 0.1 — (0.1) — (0.1) — — Adjusted EBITDA $ 26.2 $ 31.0 $ 36.3 $ 35.3 $ 35.1 $ 8.1 $ 8.3 $ 8.9 Reconciliation of Net Income (loss) Margin to Adjusted EBITDA Margin Revenue $ 119.9 $ 149.7 $ 151.9 $ 141.9 $ 127.8 $ 29.7 $ 31.3 $ 32.2 Net Income (loss) Margin(1) (25) % 3 % 2 % — % (11) % 5 % 8 % 7 % Adjusted EBITDA Margin(2) 22 % 21 % 24 % 25 % 27 % 27 % 27 % 28 % (1) The sum of the quarters may not equal the full year amount. (2) Margins are calculated by dividing the respective measure by that period's revenue. 41
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Dice (Dollars in millions) Q1 Q2 Q3 Q4 Full Year Q1 Q2 Q3 2025 2025 2025 2025 2025(1) 2026 2026 2026 Reconciliation of Income (Loss) Before Income Taxes to Adjusted EBITDA Income (Loss) Before Income Taxes $ (8.3) $ (3.0) $ (6.3) $ 1.7 $ (16.0) $ 1.8 $ 1.8 $ 1.2 Depreciation 3.3 2.9 2.7 2.4 11.3 2.1 1.9 1.7 Non-cash stock based compensation 0.5 0.5 0.3 0.3 1.6 0.3 0.2 0.2 Impairment of intangible assets — — 9.6 — 9.6 — — — Impairment of goodwill 7.8 — — — 7.8 — — — Impairment of right-of-use asset — — — 0.8 0.8 — — — Restructuring — 3.8 — — 3.8 — — — Severance, professional fees and related costs 0.2 (0.1) — — — 0.1 0.2 0.9 Other (0.1) 0.1 (0.1) — 0.1 — 0.1 — Adjusted EBITDA $ 3.4 $ 4.2 $ 6.2 $ 5.2 $ 19.0 $ 4.3 $ 4.2 $ 4.0 Reconciliation of Adjusted EBITDA Margin Revenue $ 18.9 $ 18.4 $ 18.2 $ 17.4 $ 72.9 $ 15.7 $ 15.8 $ 15.7 Income (Loss) Before Income Taxes Margin(2) (44) % (16) % (35) % 10 % (22) % 11 % 12 % 7 % Adjusted EBITDA Margin(2) 18 % 23 % 34 % 30 % 26 % 28 % 26 % 25 % (1) The sum of the quarters may not equal the full year amount. (2) Margins are calculated by dividing the respective measure by that period's revenue. Supplemental data - non-GAAP (unaudited) ClearanceJobs (Dollars in millions) Q1 Q2 Q3 Q4 Full Year Q1 Q2 Q3 2025 2025 2025 2025 2025(1) 2026 2026 2026 Reconciliation of Income (Loss) before income taxes to Adjusted EBITDA Income (Loss) Before Income Taxes $ 4.5 $ 4.6 $ 5.0 $ 4.4 $ 18.5 $ 4.5 $ 4.6 $ 5.2 Depreciation 0.7 0.9 0.7 0.7 2.9 0.7 0.5 0.6 Amortization — — 0.1 0.2 0.3 0.2 0.3 0.3 Non-cash stock based compensation 0.2 0.2 0.2 0.1 0.7 0.2 0.1 0.2 Impairment of right-of-use asset — — — 0.6 0.6 — — — Restructuring — 0.4 — — 0.4 — — — Severance, professional fees and related costs 0.3 — — — 0.3 — 0.4 0.5 Other — — (0.1) — — 0.1 0.1 (0.1) Adjusted EBITDA $ 5.7 $ 6.1 $ 5.9 $ 6.0 $ 23.7 $ 5.7 $ 6.0 $ 6.7 Reconciliation of Adjusted EBITDA Margin Revenue $ 13.4 $ 13.6 $ 13.9 $ 13.9 $ 54.9 $ 14.0 $ 15.6 $ 16.5 Income (Loss) Before Income Taxes Margin(2) 34 % 34 % 36 % 32 % 34 % 32 % 30 % 31 % Adjusted EBITDA Margin(2) 43 % 45 % 42 % 43 % 43 % 40 % 39 % 41 % DHI Group, Inc. 42