DRCT · Direct Digital Holdings, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.68M | - | $7.98M | $10.14M | $8.16M | - | $9.07M | $21.86M | $22.27M | - |
| Cost of Revenue | $4.42M | - | $5.77M | $6.58M | $5.76M | - | $5.56M | $15.92M | $17.28M | - |
| Gross Profit | $2.26M | - | $2.21M | $3.56M | $2.39M | - | $3.51M | $5.93M | $5.00M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $2.49M | - | $2.50M | $2.35M | $2.65M | - | $3.65M | $3.83M | $3.28M | - |
| Total Operating Expenses | $5.51M | - | $6.13M | $5.99M | $6.32M | - | $7.17M | $8.00M | $7.80M | - |
| D&A | $33.0K | - | $70.0K | $77.0K | $68.0K | - | $67.0K | $68.0K | $71.0K | - |
| Operating Income | ($3.25M) | - | ($3.91M) | ($2.43M) | ($3.92M) | - | ($3.66M) | ($2.06M) | ($2.81M) | - |
| Interest Expense | $563.0K | - | $1.10M | $1.79M | $1.85M | - | $1.41M | $1.03M | $1.30M | - |
| Income Tax | $0 | - | $0 | $0 | $0 | - | $6.61M | ($274.0K) | ($200.0K) | - |
| Net Income | ($5.25M) | - | ($2.68M) | ($2.25M) | ($2.35M) | - | ($2.69M) | ($590.0K) | ($775.0K) | - |
| EPS - Basic | ($10.32) | - | ($52.80) | ($50.60) | ($77.00) | - | ($156.20) | ($35.20) | ($48.40) | - |
| EPS - Diluted | ($10.32) | - | ($52.80) | ($50.60) | ($77.00) | - | ($156.20) | ($35.20) | ($48.40) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $796.0K | $728.0K | $871.0K | $1.59M | $1.79M | $1.45M | $4.09M | $1.07M | $3.33M | $5.12M |
| Accounts Receivable | $2.78M | $3.13M | $3.59M | $3.89M | $4.39M | $4.97M | $6.29M | $19.52M | $21.43M | $37.21M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $8.29M | $7.82M | $8.18M | $6.46M | $7.02M | $7.66M | $6.45M | $12.37M | $15.86M | $33.93M |
| Current Assets | $4.40M | $4.74M | $6.60M | $6.73M | $6.88M | $8.54M | $11.49M | $21.48M | $25.62M | $43.08M |
| Total Assets | $19.26M | $20.16M | $22.54M | $23.33M | $23.82M | $26.01M | $31.29M | $48.48M | $52.77M | $70.67M |
| Current Liabilities | $28.29M | $26.43M | $17.75M | $13.68M | $13.48M | $13.35M | $45.30M | $16.34M | $20.27M | $39.80M |
| Long-term Debt | $145.0K | $146.0K | $10.82M | $33.51M | $32.88M | $31.60M | $150.0K | $34.83M | $32.36M | $28.58M |
| Total Liabilities | $28.98M | $27.18M | $29.23M | $47.91M | $47.13M | $45.74M | $46.28M | $57.25M | $58.56M | $74.35M |
| Stockholders' Equity | ($9.72M) | ($7.02M) | ($6.70M) | ($24.58M) | ($23.32M) | ($19.73M) | ($14.99M) | ($8.77M) | ($5.79M) | ($3.68M) |
| Retained Earnings | ($32.97M) | ($27.72M) | ($16.06M) | ($13.38M) | ($11.13M) | ($8.77M) | ($6.59M) | ($3.90M) | ($3.31M) | ($2.54M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($1.05M) | - | - | - | ($2.71M) | - | - | - | ($5.70M) | - |
| Investing Cash Flow | $0 | - | - | - | ($15.0K) | - | - | - | $0 | - |
| Financing Cash Flow | $1.12M | - | - | - | $3.07M | - | - | - | $3.92M | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 33.9% | - | 27.7% | 35.1% | 29.3% | - | 38.7% | 27.1% | 22.4% | - |
| Operating margin | -48.7% | - | -49.0% | -23.9% | -48.1% | - | -40.3% | -9.4% | -12.6% | - |
| EBITDA margin | -48.2% | - | -48.1% | -23.2% | -47.3% | - | -39.6% | -9.1% | -12.3% | - |
| Net margin | -78.6% | - | -33.6% | -22.2% | -28.9% | - | -29.6% | -2.7% | -3.5% | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 37.3% | - | 31.3% | 23.1% | 32.5% | - | 40.2% | 17.5% | 14.7% | - |
| Effective tax rate | - | - | - | - | - | - | 168.7% | - | - | - |
| Return on assets | -27.3% | - | -11.9% | -9.6% | -9.9% | - | -8.6% | -1.2% | -1.5% | - |
| Return on equity | 54.0% | - | 40.0% | 9.1% | 10.1% | - | 17.9% | 6.7% | 13.4% | - |
| Return on invested capital | - | - | -75.0% | -21.5% | -32.4% | - | - | -6.3% | -8.3% | - |
| Liquidity | ||||||||||
| Current ratio | 0.16 | 0.18 | 0.37 | 0.49 | 0.51 | 0.64 | 0.25 | 1.31 | 1.26 | 1.08 |
| Quick ratio | 0.16 | 0.18 | 0.37 | 0.49 | 0.51 | 0.64 | 0.25 | 1.31 | 1.26 | 1.08 |
| Cash ratio | 0.03 | 0.03 | 0.05 | 0.12 | 0.13 | 0.11 | 0.09 | 0.07 | 0.16 | 0.13 |
| Leverage | ||||||||||
| Debt / Equity | -0.01 | -0.02 | -1.62 | -1.36 | -1.41 | -1.60 | -0.01 | -3.97 | -5.59 | -7.76 |
| Debt / Assets | 0.01 | 0.01 | 0.48 | 1.44 | 1.38 | 1.22 | 0.00 | 0.72 | 0.61 | 0.40 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -5.8x | - | -3.5x | -1.4x | -2.1x | - | -2.6x | -2.0x | -2.2x | - |
| Equity multiplier | -1.98 | -2.87 | -3.37 | -0.95 | -1.02 | -1.32 | -2.09 | -5.53 | -9.11 | -19.19 |
| Liabilities / Assets | 1.50 | 1.35 | 1.30 | 2.05 | 1.98 | 1.76 | 1.48 | 1.18 | 1.11 | 1.05 |
| Efficiency | ||||||||||
| Asset turnover | 0.35 | - | 0.35 | 0.43 | 0.34 | - | 0.29 | 0.45 | 0.42 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 152d | - | 164d | 140d | 196d | - | 253d | 326d | 351d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | 685d | - | 518d | 358d | 445d | - | 423d | 284d | 335d | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | 0.3x | - | 119.8x | 121.8x | 115.8x | - | 194.0x | 150.1x | 528.2x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -18.1% | - | -12.0% | -53.6% | -63.4% | - | -84.7% | -38.3% | 5.0% | - |
| Revenue CAGR (3y) | -32.0% | - | -32.5% | -3.2% | -10.5% | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | -5.5% | - | -37.0% | -40.0% | -52.1% | - | -70.1% | -41.1% | -22.3% | - |
| Operating income growth (YoY) | 17.2% | - | -6.9% | -17.5% | -39.8% | - | - | - | -1886.0% | - |
| Net income growth (YoY) | -122.9% | - | 0.4% | -281.2% | -203.9% | - | - | - | 41.9% | - |
| EPS growth (YoY) | 86.6% | - | 66.2% | -43.7% | -59.1% | - | - | - | -53677.8% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 58.3% | 64.4% | 55.3% | -180.2% | -302.7% | -435.9% | - | - | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$34.69M totalBuy Side Advertising$29.36M · 84.6%
Sell Side Advertising$5.33M · 15.4%
Product / service
$34.69M totalBuy Side Advertising$29.36M · 84.6%
Sell Side Advertising$5.33M · 15.4%
Peer comparison
Same SIC group: Services-Advertising
Comparing Direct Digital Holdings against the 5 most active filers in the same SIC group.