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Midas Edge

Direct Digital Holdings Inc

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

View on SEC.gov

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.

See the whole filing, with its images and exhibits
Contents

Consolidated Statements of Changes in Stockholders’ (Deficit) Equity

(in thousands except share data)

​​​​​​​​​​​​​​​​​​​​​​​​​​​​
​ · ​ · ​ · ​ · ​ · ​ · ​ · Common Stock · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​
​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · Members' /
​ · ​ · Common Units · ​ · Class A · ​ · Class B · ​ · ​ · ​ · ​ · Accumulated · ​ · Noncontrolling · ​ · Stockholders'
​ · Units · Amount · Units · Amount · Units · Amount · APIC · Deficit · Interest · Equity
Balance, January 1, 202234,182$4,294—$——$—$—$(4,669)$—​$(375)
Net loss prior to Organizational Transactions​—​​—​—​​—​—​​—​​—​​(464)​​—​​(464)
Issuance of Class A common stock, net of transaction costs​—​​—​2,800,000​​3​—​​—​​11,164​​—​​—​​11,167
Conversion of member units to Class B shares​(28,545)​​—​—​​—​11,378,000​​11​​(11)​​—​​—​​—
Conversion of Class B shares to Class A common stock​—​​—​100,000​​—​(100,000)​​—​​36​​—​​(36)​​—
Redemption of common units​(5,637)​​(4,294)​—​​—​—​​—​​(2,906)​​—​​—​​(7,200)
Effect of the Organizational Transactions on noncontrolling interest​—​​—​—​​—​—​​—​​(6,649)​​4,120​​2,529​​—
Stock-based compensation​—​​—​—​​—​—​​—​​154​​—​​—​​154
Distributions to holders of LLC Units​—​​—​—​​—​—​​—​​—​​—​​(3,141)​​(3,141)
Additional paid-in capital related to tax receivable agreement​—​​—​—​​—​—​​—​​823​​—​​—​​823
Net income​—​​—​—​​—​—​​—​​—​​669​​3,962​​4,631
Balance, December 31, 2022​—​$—​2,900,000​$3​11,278,000​$11​$2,611​$(344)​$3,314​$5,595
​​​​​​​​​​​​​​​​​​​​​​​
​ · ​ · Common Stock · ​ · ​ · ​ · ​ · ​ · ​
​ · ​ · Class A · ​ · Class B · ​ · ​ · ​ · ​ · Accumulated · ​ · Noncontrolling · ​ · Stockholders’ (Deficit)
​ · Units · Amount · Units · Amount · APIC · Deficit · Interest · Equity
Balance, January 1, 20232,900,000​$311,278,000​$11​$2,611​$(344)​$3,314​$5,595
Stock-based compensation—​——​—​706​—​—​​706
Issuance related to vesting of restricted stock units, net of tax withholdings90,092​——​—​-​—​—​​—
Warrants exercised​70,801​​—​—​​—​​122​​—​​—​​122
Stock options exercised​7,883​​—​—​​—​​29​​—​​—​​29
Conversion of Class B to Class A common stock​410,000​​—​(410,000)​​—​​145​​—​​(145)​​—
Acquisition and redemption of warrants, including expenses and related items​—​​—​—​​—​​(3,540)​​—​​—​​(3,540)
Additional paid-in capital related to tax receivable agreement​—​​—​—​​—​​250​​—​​—​​250
Net loss—​——​—​​—​(2,194)​(4,650)​​(6,844)
Noncontrolling interest rebalancing​—​——​—​​2,744​​—​​(2,744)​​​
Balance, December 31, 20233,478,776​$310,868,000​$11​$3,067​$(2,538)​$(4,225)​$(3,682)
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.