Direct Digital Holdings Inc

For the period ended Dec 31, 2023. Filed Oct 15, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Oct 15, 2024

DRCT$0.91-39.7%Stored close · as of Oct 2, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets

(in thousands, except share and par value amounts)


· · December 31,
	2023		2022

ASSETS · · ·
CURRENT ASSETS · · ·
Cash and cash equivalents		$5,116		$4,047
Accounts receivable, net of provision for credit losses of $344 and $4		37,207		26,354
Prepaid expenses and other current assets		759		883
Total current assets		43,082		31,284

Property, equipment and software, net		599		673
Goodwill		6,520		6,520
Intangible assets, net		11,684		13,638
Deferred tax asset, net		6,132		5,165
Operating lease right-of-use assets		788		799
Related party receivable		1,737		—
Other long-term assets		130		47
Total assets		$70,672		$58,126

LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY
CURRENT LIABILITIES
Accounts payable		$33,926		$17,695
Accrued liabilities		3,816		3,778
Liability related to tax receivable agreement, current portion		41		183
Current maturities of long-term debt		1,478		655
Deferred revenues		381		547
Operating lease liabilities, current portion		126		92
Income taxes payable		34		174
Related party payables		—		1,448
Total current liabilities		39,802		24,572

Long-term debt, net of current portion and deferred financing cost		28,578		23,064
Liability related to tax receivable agreement, net of current portion		5,201		4,150
Operating lease liabilities, net of current portion		773		745
Total liabilities		74,354		52,531

COMMITMENTS AND CONTINGENCIES (Note 9)

STOCKHOLDERS’ (DEFICIT) EQUITY
Class A Common Stock, $0.001 par value per share, 160,000,000 shares authorized, 3,478,776 and 2,900,000 shares issued and outstanding, respectively		3		3
Class B Common Stock, $0.001 par value per share, 20,000,000 shares authorized, 10,868,000 and 11,278,000 shares issued and outstanding, respectively		11		11
Additional paid-in capital		3,067		2,611
Accumulated deficit		(2,538)		(344)
Noncontrolling interest		(4,225)		3,314
Total stockholders’ (deficit) equity		(3,682)		5,595
Total liabilities and stockholders’ (deficit) equity		$70,672		$58,126

See accompanying notes to the consolidated financial statements.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.