DRCT · XBRL financial data
Direct Digital Holdings financial statements, every fiscal year
The same tables from 4 filings, lined up. Matched by XBRL tag: renamed lines keep their history.
How these numbers work
- Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
- Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
- * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
- 0 means a filing states zero; a dash (—) means no filing states that number.
- “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
- Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
- Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
- Shares outstanding come from each filing's cover page, as of the date printed there.
- Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.
Income statement
CSVFiscal years (DRCT's year ends in late December)
| In thousands of dollars | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | †Dec 31, 2025 |
|---|---|---|---|---|
| Revenue from contracts with customers | 89,360 | 157,110 | 62,288 | 34,694 |
| Cost of revenue | 60,038 | 119,536 | 44,897 | 24,275 |
| Gross profit | 29,322 | 37,574 | 17,391 | 10,419 |
| General and administrative | 7,219 | 13,199 | 14,222 | 10,662 |
| Total operating expenses | 21,343 | 39,759 | 30,624 | 25,174 |
| Operating income (loss) | 7,979 | (2,185) | (13,233) | (14,755) |
| Interest expense | 3,231 | 4,378 | 5,410 | 5,203 |
| Other income (expense) | (3,486) | (4,091) | (542) | (12,968) |
| Income tax expense (benefit) | 246 | 568 | 6,132 | 0 |
| Net income (loss) | 4,167 | (2,194) | (6,236) | (18,946) |
| Earnings per share, basic‡ USD per share | 73.33 | (162.22) | (368.89) | (16,842.22) |
| Earnings per share, diluted‡ USD per share | 73.33 | (162.22) | (368.89) | (16,842.22) |
| Weighted average shares, basic‡ thousands of shares | 57 | 13 | 17 | 1 |
| Weighted average shares, diluted‡ thousands of shares | 57 | 13 | 17 | 1 |
- ‡ Per-share figures and share counts are adjusted for the 1-for-55.55555555555556 stock split (January 2026); filings made before it reported them unadjusted.
- ‡ Per-share figures and share counts are adjusted for the 1-for-4 stock split (April 2026); filings made before it reported them unadjusted.
- † Share count changed about 1/12 in the period ending 2025-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
Balance sheet
CSVFiscal years (DRCT's year ends in late December)
| In thousands of dollars | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | †Dec 31, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | 4,047 | 5,116 | 1,445 | 728 |
| Accounts receivable | 26,354 | 37,207 | 4,973 | 3,126 |
| Prepaid and other current assets | 883 | 759 | 2,117 | 890 |
| Total current assets | 31,285 | 43,082 | 8,535 | 4,744 |
| Property and equipment, net | 673 | 599 | 341 | 166 |
| Right-of-use asset | 799 | 788 | 832 | 702 |
| Goodwill | 6,520 | 6,520 | 6,520 | 6,520 |
| Total assets | 58,126 | 70,672 | 26,006 | 20,156 |
| Accounts payable | 17,695 | 33,926 | 7,657 | 7,820 |
| Accrued liabilities | 4,778 | 3,816 | 1,257 | — |
| Current portion of long-term debt | 655 | 1,478 | 3,700 | 12,003 |
| Total current liabilities | 25,572 | 39,802 | 13,350 | 26,425 |
| Long-term debt | 23,064 | 28,578 | 31,603 | 146 |
| Lease liability, non-current | 745 | 773 | 783 | 608 |
| Total liabilities | 53,531 | 74,354 | 45,736 | 27,179 |
| Accumulated deficit | (3,643) | (2,538) | (8,774) | (27,720) |
| Total stockholders' equity | 4,595 | — | — | — |
| Total liabilities and equity | 58,126 | 70,672 | 26,006 | 20,156 |
- † Share count changed about 1/12 in the period ending 2025-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
Cash flows
CSVFiscal years (DRCT's year ends in late December)
| In thousands of dollars | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | †Dec 31, 2025 |
|---|---|---|---|---|
| Net income (loss) | 4,167 | (2,194) | (6,236) | (18,946) |
| Stock-based compensation | 154 | 706 | 1,552 | 1,470 |
| Depreciation and amortization | 34 | 253 | 275 | 262 |
| Net cash from operating activities | 2,129 | 2,558 | (8,648) | (8,907) |
| Net cash from investing activities | (688) | (178) | (17) | (87) |
| Proceeds from issuing common stock | 11,167 | 0 | 1,646 | 8,688 |
| Net cash from financing activities | (2,078) | (1,311) | 4,994 | 8,277 |
- † Share count changed about 1/12 in the period ending 2025-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
Compare with peers
SIC 7310 and related industry codes, similar size. Each row is the latest quarter reported.
How peers are chosen
- SIC 7310 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
- Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
- Runway shows only for companies burning cash with under $10B of public float.
- * marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
- A cell reading “not reported” means the filings give no figure for that quarter alone.
| Company | Cash ($K) | Revenue, quarter ($K) | Operating cash flow, quarter ($K) | Shares outstanding | Runway | Quarter |
|---|---|---|---|---|---|---|
| Direct Digital Holdings | 520 | 7,832 | (884)* | not reported | 0.6 quarters | 10-QJun 30, 2026 |
| Adm Endeavors | 278 | 1,308 | (72)* | 158.5M | 3.8 quarters | 10-QJun 30, 2026 |
| Zicix | 0 | 0 | (404) | 27.1M | — | 10-QJun 30, 2026 |
| Fluent | 6,877 | 48,449 | (4,792)* | 31.6M | 1.4 quarters | 10-QJun 30, 2026 |
| Stran & Company | 7,408 | 33,358 | 375* | 18.6M | — | 10-QJun 30, 2026 |
| NAPC Defense | 765 | 5,288 | 209 | 627.3M | — | 10-QJul 31, 2026 |
| Starco Brands | 901 | not reported | (61)* | 784.2M | 14.9 quarters | 10-QJun 30, 2026 |
| Theglobe Com | 15 | 0 | (61)* | 441.5M | 0.2 quarters | 10-QJun 30, 2026 |
| Mobiquity Technologies | 123 | 178 | (1,352)* | 31.1M | 0.1 quarters | 10-QJun 30, 2026 |
Not investment advice. Not affiliated with the U.S. SEC.