Direct Digital Holdings Inc
For the period ended Sep 30, 2024. Filed Nov 13, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 13, 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 exhibitsContents
Condensed Consolidated Changes in Stock holders’ Deficit for the
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ DEFICIT
(in thousands except share data)
Nine Months Ended September 30, 2024
| Common Stock · APIC · AccumulatedDeficit · Noncontrolling Interest · Stockholders’Deficit | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Class A · Class B | |||||||||
| Units · Amount · Units · Amount | |||||||||
| Balance, December 31, 2023 | 3,478,776 | $3 | 10,868,000 | $11 | $3,067 | $(2,538) | $(4,225) | $(3,682) | |
| Stock-based compensation | — | — | — | — | 811 | — | — | 811 | |
| Issuance related to vesting of restricted stock units, net of tax withholdings | 195,088 | 1 | — | — | (1) | — | — | — | |
| Warrants exercised | 39,101 | — | — | — | 215 | — | — | 215 | |
| Stock options exercised | 12,557 | — | — | — | 92 | — | — | 92 | |
| Issuance of stock in lieu of cash bonus, net of tax withholdings | 69,677 | — | — | — | 912 | — | — | 912 | |
| Net loss | — | — | — | — | — | (4,055) | (9,283) | (13,338) | |
| Noncontrolling interest rebalancing | — | — | — | — | (1,615) | — | 1,615 | — | |
| Balance, September 30, 2024 | 3,795,199 | $4 | 10,868,000 | $11 | $3,481 | $(6,593) | $(11,893) | $(14,990) | |
Three Months Ended September 30, 2024
| Common Stock · APIC · AccumulatedDeficit · Noncontrolling Interest · Stockholders’Deficit | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Class A · Class B | ||||||||||||||
| Units · Amount · Units · Amount | ||||||||||||||
| Balance, June 30, 2024 | 3,788,446 | $4 | 10,868,000 | $11 | $3,444 | $(3,903) | $(8,328) | $(8,772) | ||||||
| Stock-based compensation | — | — | — | — | 149 | — | — | 149 | ||||||
| Issuance related to vesting of restricted stock units, net of tax withholdings | 2,950 | — | — | — | — | — | — | — | ||||||
| Stock options exercised | 3,803 | — | — | — | 10 | — | — | 10 | ||||||
| Net loss | — | — | — | — | — | (2,690) | (3,687) | (6,377) | ||||||
| Noncontrolling interest rebalancing | — | — | — | — | (122) | — | 122 | — | ||||||
| Balance, September 30, 2024 | 3,795,199 | $4 | 10,868,000 | $11 | $3,481 | $(6,593) | $(11,893) | $(14,990) | ||||||
Nine Months Ended September 30, 2023
| Common Stock · APIC · AccumulatedDeficit · Noncontrolling Interest · Stockholders’Equity | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Class A · Class B | ||||||||||||||||||||
| Units · Amount · Units · Amount | ||||||||||||||||||||
| Balance, December 31, 2022 | 2,900,000 | $3 | 11,278,000 | $11 | $2,611 | $(344) | $3,314 | $5,595 | ||||||||||||
| Stock-based compensation | — | — | — | — | 546 | — | — | 546 | ||||||||||||
| Issuance related to vesting of restricted stock units, net of tax withholdings | 89,459 | — | — | — | — | — | — | — | ||||||||||||
| Warrants exercised | 2,200 | — | — | — | 12 | — | — | 12 | ||||||||||||
| Warrant redemption accrual | — | — | — | — | (3,540) | — | — | (3,540) | ||||||||||||
| Stock options exercised | 133 | — | — | — | — | — | — | — | ||||||||||||
| Distributions to holders of LLC Units | — | — | — | — | — | — | (1,968) | (1,968) | ||||||||||||
| Net income | — | — | — | — | — | 549 | 2,663 | 3,212 | ||||||||||||
| Balance, September 30, 2023 | 2,991,792 | $3 | 11,278,000 | $11 | $(371) | $205 | $4,009 | $3,857 | ||||||||||||
Three Months Ended September 30, 2023
| Common Stock · APIC · AccumulatedDeficit · Noncontrolling Interest · Stockholders’Equity | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Class A · Class B | |||||||||||||||
| Units · Amount · Units · Amount | |||||||||||||||
| Balance, June 30, 2023 | 2,988,916 | $3 | 11,278,000 | $11 | $2,927 | $(366) | $2,445 | $5,020 | |||||||
| Stock-based compensation | — | — | — | — | 242 | — | — | 242 | |||||||
| Issuance related to vesting of restricted stock units, net of tax withholdings | 2,743 | — | — | — | — | — | — | — | |||||||
| Warrant redemption accrual | — | — | — | — | (3,540) | — | — | (3,540) | |||||||
| Stock options exercised | 133 | — | — | — | — | — | — | — | |||||||
| Distributions to holders of LLC Units | — | — | — | — | — | — | (1,216) | (1,216) | |||||||
| Net income | — | — | — | — | — | 571 | 2,780 | 3,351 | |||||||
| Balance, September 30, 2023 | 2,991,792 | $3 | 11,278,000 | $11 | $(371) | $205 | $4,009 | $3,857 | |||||||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.