Direct Digital Holdings, Inc.
For the period ended Dec 31, 2024. Filed Mar 28, 2025.
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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.
FY2024 · Filed Mar 28, 2025
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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Consolidated Balance Sheets
(in thousands, except share and par value amounts)
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| CURRENT ASSETS | ||
| Cash and cash equivalents | $1,445 | $5,116 |
| Accounts receivable, net of provision for credit losses of $978 and $344 | 4,973 | 37,207 |
| Prepaid expenses and other current assets | 2,117 | 759 |
| Total current assets | 8,535 | 43,082 |
| Property, equipment and software, net | 341 | 599 |
| Goodwill | 6,520 | 6,520 |
| Intangible assets, net | 9,730 | 11,684 |
| Deferred tax asset, net | — | 6,132 |
| Operating lease right-of-use assets | 832 | 788 |
| Other long-term assets | 48 | 130 |
| Total assets | $26,006 | $68,935 |
| LIABILITIES AND STOCKHOLDERS’ DEFICIT | ||
| CURRENT LIABILITIES | ||
| Accounts payable | $7,657 | $33,926 |
| Accrued liabilities | 1,257 | 3,816 |
| Liability related to tax receivable agreement, current portion | 41 | 41 |
| Current maturities of long-term debt | 3,700 | 1,478 |
| Deferred revenues | 507 | 381 |
| Operating lease liabilities, current portion | 188 | 126 |
| Income taxes payable | — | 34 |
| Total current liabilities | 13,350 | 39,802 |
| Long-term debt, net of current portion, deferred financing cost and debt discount | 31,603 | 28,578 |
| Liability related to tax receivable agreement, net of current portion | — | 5,201 |
| Operating lease liabilities, net of current portion | 783 | 773 |
| Total liabilities | 45,736 | 74,354 |
| COMMITMENTS AND CONTINGENCIES (Note 9) | ||
| STOCKHOLDERS’ DEFICIT | ||
| Class A Common Stock, $0.001 par value per share, 160,000,000 shares authorized, 5,450,554 and 3,478,776 shares issued and outstanding, respectively | 6 | 3 |
| Class B Common Stock, $0.001 par value per share, 20,000,000 shares authorized, 10,868,000 shares issued and outstanding | 11 | 11 |
| Additional paid-in capital | 3,769 | 3,067 |
| Accumulated deficit | (8,774) | (2,538) |
| Noncontrolling interest | (14,742) | (5,962) |
| Total stockholders’ deficit | (19,730) | (5,419) |
| Total liabilities and stockholders’ deficit | $26,006 | $68,935 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.